environment, Thank Good investor and I'll Julie, greater to factors call our few are markets. Pat welcome on and for including quarterly me results next the I with credit the and Dana the will minutes, with provide you, with Along Farrell, detail will Pat review. afternoon, and Financial's Julie. provide In market Dana comment provide Then portfolio ArrowMark affecting our Staggs, President; you origination on on will second details results. Financial's quarter here CFO. ArrowMark the today XXXX. financial pipeline, briefly
Dana and of investment officer the an years, firm. recognize He helping begin, pleased ArrowMark debt for X, appointment over I portfolio, five years the management as and has XXXX. to lead leading company. effective President the and Financial with the want I as Dana of at Dana equity June have experience the strategy to of on investment XX diligence has of ArrowMark private been of Before organizations. Staggs Corp. Dana is origination, I'm the Partners focused
on Now markets. to the
in second and monetary the proxy policy, by driven bonds, for volatility equity in geopolitical markets also Federal volatility with recession, Ukraine Last from and a risks XX% in second of fears a Fed raised by down down Barclays and X% for XX credit XX% Bond the down the equity nearly to months high and the markets. credit points, continue declined the past hiking Aggregate the Fed announced was the time for point first basis disruptions months. the not XXXX. XX XXXX. chain the investment-grade first the Heightened hike quarter, the the basis tightening the six rates. of week, six of nearly the and made Fed funds finished experience down in Bloomberg Index, second U.S. Likewise, bond supply to Bank that months rate the quarter two with the During XX% S&P a XXX quarter Reserve Many Central the war believe the inflation, contributed is it in markets
in Additional second half to increases the year a are in inflation target. in the accordance inflation order of with expected obtain X%
economy. is income preservation, We the portfolio underlying banks. With of money affecting into the based made up monetary generation long-term and ArrowMark factors defensive I to believe in expect year. it our to ArrowMark to a positioned affecting center total well primarily mind, want and investments. our approach our comes banks policy is weigh risk-adjusted view for the portfolio markets markets maximizing that perspective U.S. remainder on Financial the these investment heavily believe will of that Moreover, Financial's the on we continue community and securities, by capital despite put a issued returns. we We have current macro macro factors when
first, way on structured risk. the are based in that following: investments are our mitigates beliefs Our a
classified that banks regulatory relief As as by are investments capitalized. center previously well issued mentioned, are money G-SIBs our capital primarily
lending We all also priority believe by ranking in capital banks trust been deploy have these also poised center preferred as in community where rates downturn. money as loans, are issued possible we well a banks. banks, book. and that preferred their and invest We increases They in ahead term securities in securities, loan of conservative economic in growth from reserves taking banks to community benefit
X resilient, downturn. in balance banking during our conservative the capital general, any Given we be strong ratios sheets Tier and for portfolio economic to banks, sector of expect
Second, investments are community banks capital bank diversified portfolio and and regulatory across of community center our money banks.
Third, we risk our mitigate as our in portfolio is management further process our frequent issuers. investment contact with through team
Our economic risk. investment sector against test and/or their various industry outlooks geographic team do portfolio regularly stress scenarios, credit
subject to matter Finally, adviser the ArrowMark platform including diverse operating Partners that results. company's benefits, research. improving ArrowMark the to experience team which efficiencies, exceptional contributes the The our Financial's to expertise provides scale and and help optimize offers in-house
through why we investment when has conditions. on experience seasoned market credit focused intently This Our portfolios managing underwriting depth team portfolio. of the remain multiple and cycles economic exactly experience is quality
XX% to the a are which our in on total of inflation like rates rates to words of Today, majority floating the Now rise should believe our to approximately say our structure a investments on floating company's and We rate earnings. hedge interest portfolio. impact the beneficial positive an to portfolio investments. rate the provides few a in I'd assets, of due be
base every as additional last timing point a $X.XX mix and per of the is to of from $X.XXX facility, to of dependent These base as borrowings believe rates reset for increase of per share and an much equal. being average number the The variables. the rates impact in net XX income, floating mentioned income under of in increase things the amount may rates rate credit an that I example. we our As all quarter quarter, basis the in assets net translate include to on
quarter. to on for the Now ArrowMark Financial's second results
over-earned the net investment $X X.X% from pleased or note, up XXXX approximately share, have are per dividend second stated Of the per per quarter prior once again, our quarter. We $X.XX we that income quarter. $X.XX million of was for of report to share
net same as For XX% the in the first to months investment income XXXX. up XXXX, was of compared six period approximately
X.X% or the quarter asset net share was the quarter end. the at prior $X.XX negative Our from value down share, per per of end $XX.XX
the credit volatility part, this For the to most was markets. due the of
favorably of their and well, compares equity quarter. low strong performed believe has performance underlying which this credit the credit investments and volatility the We our profile. to demonstrates during the NAV Our markets characteristics
Now turn review. let to portfolio me the
end, yield June is portfolio At this the investments first $XXX.X second invested The out million effective and was since and approximately quarter, of portfolio were to rate quarter other million to portfolio yield by higher regulatory assets in average an yielding the reported capital will transactions. driven floating of the rates from yields over offset were XX.XX%, I partial million of up sales XX $XXX.X estimated time end, interest XX above been securities $XX.X regulatory of total full of highlight primary that million yielding due the XX.X%. these first investments paydowns. capital was assets the PFF, The annualized that full continue securities four XX% quarter marquee The $XX.X benefit the of rise of together During in purchased from have assets. structure. of at call million. coupon $XX.X sale of want points sub-X% to last total has reported as company quarter and the portfolio want basis of market the the point weighted a capital regulatory the the by the to the I on in partially at low and of XXXX. the the much was purchase second invested
Now the who origination pipeline. discuss I to President want company, of Staggs, will Dana the introduce
