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 achieved an annualized return of 151.10% on the AGNCO LIBOR Preferred stock, with a trade initiated at $21.24 and exited at $23.35 over 24 days [1]. - Another AGNCO LIBOR Preferred trade yielded a 17.04% return, initiated at $25.52 and exited at $25.90 over an unspecified duration [1]. - The AGNCP LIBOR Preferred stock generated a 31.34% return, with an entry price of $24.50 and an exit price of $24.71 over 38 days [1]. - A separate AGNCP trade resulted in a 10.67% return, initiated at $24.54 and exited at $25.26 over 235 days [1]. - The ATH-D Perpetual Preferred stock trade achieved a 19.20% return, with an entry price of $3.64 and an exit price of $2.29 over 262 days [1]. - The ARGO-A Reset Rate Preferred stock trades showed varied returns, with one trade yielding 39.42% and another 24.31%, reflecting strong performance in the preferred stock segment [1]. Group 2: Investment Strategy - The methodology for achieving high returns is emphasized, indicating a systematic approach to selecting undervalued securities [1].

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 achieved an annualized return of 151.10% on the AGNCO LIBOR Preferred stock, with a trade initiated at $21.24 and exited at $23.35 over 24 days [1]. - Another AGNCO LIBOR Preferred trade yielded a 17.04% return, initiated at $25.52 and exited at $25.90 over a period of 17 days [1]. - The AGNCP LIBOR Preferred stock generated a 31.34% return, with an entry price of $24.50 and an exit price of $24.71 over 38 days [1]. - A separate AGNCP trade resulted in a 10.67% return, initiated at $24.54 and exited at $25.26 over 235 days [1]. - The ATH-D Perpetual Preferred stock trade achieved a 19.20% return, with an entry price of $3.64 and an exit price of $2.29 over 262 days [1]. - The ARGO-A Reset Rate Preferred stock trades showed returns of 39.42%, 24.31%, 15.46%, and 9.42% across different entry and exit prices and durations [1].