Penn Mutual Asset Management, LLC Buys VanEck Vectors J.P. Morgan EM Local Currency Bond, Tallgrass Energy LP, Phillips 66 Partners LP, Sells AGNC Investment Corp, Annaly Capital Management Inc, New Residential Investment Corp

• New Purchases: TGE, PSXP, EPD, MMP, MPLX, WES, SHLX, NS, AKRO,
• Added Positions: EMLC, PAA, ET,
• Reduced Positions: AGNC, NLY, NRZ, TWO, UPWK,
• Sold Out: NEM, ECC,

For the details of Penn Mutual Asset Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/penn+mutual+asset+management%2C+llc/current-portfolio/portfolio

1. VanEck Vectors J.P. Morgan EM Local Currency Bond (EMLC) - 926,100 shares, 25.34% of the total portfolio. Shares added by 26.33%
2. AGNC Investment Corp (AGNC) - 698,800 shares, 9.95% of the total portfolio. Shares reduced by 52.02%
3. Annaly Capital Management Inc (NLY) - 1,284,800 shares, 9.75% of the total portfolio. Shares reduced by 45.97%
4. Aberdeen Asia-pacific Income Fund Inc (FAX) - 2,785,083 shares, 9.53% of the total portfolio.
5. Morgan Stanley Emerging Markets Domestic Debt Fund (EDD) - 1,546,241 shares, 8.70% of the total portfolio.

Penn Mutual Asset Management, LLC initiated holding in Tallgrass Energy LP. The purchase prices were between $17.71 and $22.14, with an estimated average price of $19.2. The stock is now traded at around $22.27. The impact to a portfolio due to this purchase was 0.3%. The holding were 16,700 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Phillips 66 Partners LP. The purchase prices were between $54.06 and $62.77, with an estimated average price of $56.49. The stock is now traded at around $60.05. The impact to a portfolio due to this purchase was 0.27%. The holding were 5,450 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Magellan Midstream Partners LP. The purchase prices were between $58.47 and $65.77, with an estimated average price of $62.19. The stock is now traded at around $59.23. The impact to a portfolio due to this purchase was 0.26%. The holding were 5,100 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Western Midstream Partners LP. The purchase prices were between $17.58 and $25.11, with an estimated average price of $20.62. The stock is now traded at around $15.87. The impact to a portfolio due to this purchase was 0.26%. The holding were 16,500 shares as of .

Penn Mutual Asset Management, LLC initiated holding in Enterprise Products Partners LP. The purchase prices were between $25.15 and $28.51, with an estimated average price of $27.1. The stock is now traded at around $26.09. The impact to a portfolio due to this purchase was 0.26%. The holding were 11,600 shares as of .

Penn Mutual Asset Management, LLC initiated holding in MPLX LP. The purchase prices were between $22.63 and $27.91, with an estimated average price of $25.42. The stock is now traded at around $23.81. The impact to a portfolio due to this purchase was 0.26%. The holding were 12,500 shares as of .

Penn Mutual Asset Management, LLC added to a holding in VanEck Vectors J.P. Morgan EM Local Currency Bond by 26.33%. The purchase prices were between $32.28 and $33.84, with an estimated average price of $33.02. The stock is now traded at around $33.51. The impact to a portfolio due to this purchase was 5.28%. The holding were 926,100 shares as of .

Penn Mutual Asset Management, LLC added to a holding in Plains All American Pipeline LP by 79.55%. The purchase prices were between $16.86 and $20.26, with an estimated average price of $18.34. The stock is now traded at around $16.20. The impact to a portfolio due to this purchase was 0.26%. The holding were 39,500 shares as of .

Penn Mutual Asset Management, LLC added to a holding in Energy Transfer LP by 36.43%. The purchase prices were between $11.16 and $13.14, with an estimated average price of $12.32. The stock is now traded at around $12.81. The impact to a portfolio due to this purchase was 0.26%. The holding were 95,500 shares as of .

Penn Mutual Asset Management, LLC sold out a holding in Newmont Corp. The sale prices were between $36.61 and $43.75, with an estimated average price of $39.14.

Penn Mutual Asset Management, LLC sold out a holding in Eagle Point Credit Co Inc. The sale prices were between $14.07 and $17.09, with an estimated average price of $15.19.