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 June 30, 2018. The document discloses the company's holdings in equity securities and certain debt instruments as required by the Securities and Exchange Commission.
Key Financial Metrics and Holdings
The filing details a portfolio of 15 distinct positions, primarily consisting of Business Development Companies (BDCs), Master Limited Partnerships (MLPs), and Exchange Traded Funds (ETFs). The total value of reported holdings is approximately $33.4 million (sum of Column 4 values).
| Issuer | Class/Security | Value ($000s) | Shares/Principal |
|---|---|---|---|
| TCP Capital Corp | Note 4.625% | 10,014 | 10,000,000 PRN |
| Invesco Exchange Traded Fund Trust | Pfd ETF | 51,723 | 3,552,423 SH |
| TCP Capital Corp | Common Stock | 29,072 | 2,011,900 SH |
| Invesco Exchange Traded Fund Trust | Finl Pfd Ptfl | 18,460 | 1,000,000 SH |
| Ares Capital Corp | Common Stock | 12,589 | 765,301 SH |
| TPG Specialty Lending Inc | Common Stock | 10,572 | 589,305 SH |
| Golub Capital BDC Inc | Common Stock | 10,177 | 556,139 SH |
| Alps ETF Trust | Alerian MLP | 8,541 | 845,637 SH |
| Solar Capital Ltd | Common Stock | 7,461 | 365,000 SH |
| Goldman Sachs MLP Energy | Renewable Shares | 7,336 | 358,185 SH |
| Goldman Sachs BDC Inc | Note 4.500% | 2,040 | 2,000,000 PRN |
| Heracles Capital Inc | Common Stock | 4,799 | 379,367 SH |
| ISHARES Trust | S&P US Pfd Stk | 33,784 | 895,900 SH |
| ISHARES Trust | Fltg Rate NT ETF | 20,298 | 398,000 SH |
| Main Street Capital Corp | Common Stock | 11,418 | 300,000 SH |
Note: The table above lists individual positions. The sum of the "Value" column in the source text is approximately $228,224 (in thousands), indicating a total portfolio value of roughly $228.2 million, not $33.4 million as initially estimated in the summary text. The largest single position by value is the Invesco Pfd ETF at $51.7 million.
Material Changes and Voting Authority
The filing does not provide comparative data against the prior quarter (March 31, 2018); therefore, material changes in holdings cannot be determined from this document alone. For all reported positions, the investment discretion is listed as Discretionary (DFND), and the voting authority is Sole.
Guidance, Risks, and Contingencies
As a Form 13F, this filing contains no management commentary, forward-looking guidance, or discussion of risks and contingencies. It is a statutory disclosure of holdings only.
Key Facts for Investor Verification
- Portfolio Concentration: The portfolio is heavily weighted toward financial sector instruments, specifically BDCs (e.g., Ares, Golub, Main Street, TPG) and Preferred Stock ETFs.
- Debt Exposure: Significant direct debt exposure exists via TCP Capital Corp notes ($10M principal) and Goldman Sachs BDC notes ($2M principal).
- Reporting Limitations: This document does not reflect the company's own financial performance (revenue, profit, cash flow) or its insurance operations, only its investment portfolio.
- Valuation: The total value of reported securities is approximately $228.2 million based on the sum of Column 4.