SEC Filing Summary: CNO Financial Group, Inc.
Business Context and Reporting Period
This filing is a Form 13F Information Table submitted by CNO Financial Group, Inc. for the reporting period ending December 31, 2018. The document discloses the company's holdings of U.S. equity securities and certain other securities as required by the Securities and Exchange Commission.
Key Financial Metrics and Portfolio Composition
The filing details a portfolio of 15 distinct holdings, primarily consisting of Business Development Companies (BDCs), preferred stock ETFs, and floating rate notes. The total value of the reported positions is approximately $13.3 million (sum of Column 4 values).
| Issuer | Security Type | Value ($000s) | Shares/Principal |
|---|---|---|---|
| Invesco Exchange Traded Fund Trust (PFD ETF) | Preferred Stock ETF | 47,851 | 3,552,423 |
| Invesco Exchange Traded Fund Trust (Finl Pfd Ptfl) | Preferred Stock Portfolio | 17,360 | 1,000,000 |
| Goldman Sachs BDC Inc | Note 4.500% | 1,935 | 2,000,000 (Principal) |
| BlackRock TCP Capital Corp | Common Stock | 8,682 | 665,779 |
| Alps ETF Trust (Alerian MLP) | ETF | 7,382 | 845,637 |
| Golub Capital BDC Inc | Common Stock | 7,027 | 426,139 |
| Ares Capital Corp | Common Stock | 7,094 | 455,301 |
| TPG Specialty Lending Inc | Common Stock | 7,043 | 389,305 |
| Solar Capital Ltd | Common Stock | 7,004 | 365,000 |
| Goldman Sachs BDC Inc | Common Stock | 6,583 | 358,185 |
| Heracles Capital Inc | Common Stock | 4,192 | 379,367 |
| iShares Trust (S&P US Pfd Stk) | Preferred Stock ETF | 30,667 | 895,900 |
| iShares Trust (Fltg Rate NT ETF) | Floating Rate ETF | 20,043 | 398,000 |
| Main Street Capital Corp | Common Stock | 10,143 | 300,000 |
Note: The filing does not provide data on CNO Financial Group's own revenue, profit, cash flow, or debt levels. It only reports the value of its investment portfolio.
Material Changes and Voting Authority
The filing does not provide comparative data against the prior quarter to determine material changes in holdings. All reported securities are listed with Sole voting authority (Column 7), indicating CNO Financial Group, Inc. has full discretion over voting rights for these positions. No shared or none voting authority is reported.
Guidance, Outlook, and Risks
This Form 13F is a statutory disclosure of holdings and does not contain management commentary, financial guidance, outlook, risk factors, or contingencies regarding the company's operations. The filing includes a standard disclaimer that the SEC has not reviewed the information for accuracy or completeness.
Key Facts for Investor Verification
- Portfolio Concentration: The largest single holding by value is the Invesco Preferred ETF ($47.9M), followed by the Invesco Financial Preferred Portfolio ($17.4M).
- Asset Class Focus: The portfolio is heavily weighted toward preferred securities and Business Development Companies (BDCs), suggesting a focus on income-generating fixed-income-like equity instruments.
- Reporting Limitations: This document does not reflect the company's overall financial health, liquidity, or operational performance; investors must refer to Form 10-K or 10-Q for those metrics.
- Voting Control: CNO Financial Group exercises sole voting authority on all reported positions.