Core Insights - The article highlights the performance of an actively managed portfolio focused on undervalued preferred stocks and baby bonds, showcasing significant annualized returns on various trades [1]. Group 1: Trade Performance - The portfolio includes several trades with notable annualized returns, such as AGNCO LIBOR Preferred, which achieved a return of 151.10% over 24 days [1]. - Another trade involving AGNCP LIBOR Preferred yielded a 31.34% return over 38 days [1]. - The ARGO-A Reset Rate Preferred trades demonstrated returns ranging from 9.42% to 39.42%, indicating a diverse performance across different securities [1]. Group 2: Trade Details - Specific trade details include alert prices, exit prices, and net realized gains, providing transparency on the investment strategy [1]. - The portfolio's allocation strategy typically involves a 2% allocation per trade, allowing for a diversified approach to risk management [1]. - The length of trades varies significantly, with some trades lasting as short as 24 days and others extending up to 330 days, reflecting a flexible trading strategy [1].