# EDGAR Filing Document

**Accession Number:** 0001497778
**File Stem:** 0000940400-26-024913
**Filing Date:** 2026-6
**Character Count:** 107279
**Document Hash:** 9f3c22931fe3ea382e29e360b63cfd53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-024913.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0000940400-26-024913

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST TRUST SERIES FUND
- **CENTRAL INDEX KEY:** 0001497778

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22452
- **FILM NUMBER:** 261107153

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

## Series and Classes Contracts Data

### First Trust Preferred Securities and Income Fund (Series ID: S000030198)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000092932 | Class A      | FPEAX           |
| C000092933 | Class C      | FPECX           |
| C000092934 | Class F      | FPEFX           |
| C000092935 | Class I      | FPEIX           |
| C000092936 | Class R3     | FPERX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** First Trust Series Fund

- **b. Investment Company Act file number:** 811-22452

- **c. CIK number of Registrant:** 0001497778

- **d. LEI of Registrant:** 549300RL1B5O4HI4N885

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 120 East Liberty Drive

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

**Item A.2. Information about the Series.**

- **a. Name of Series:** First Trust Preferred Securities and Income Fund

- **b. EDGAR series identifier (if any):** S000030198

- **c. LEI of Series:** 549300LKVIT5Y3616E74

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $208295882.87

**Total Liabilities:** $1192185.35

**Net Assets:** $207103697.52

**Cash Not Reported:** $1059313.37

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 6574.08159000 | **5-Year:** 43153.67169000 | **10-Year:** 49307.96975000 | **30-Year:** 5220.46687000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 4.07488000 | **1-Year:** 3400.95456000 | **5-Year:** 9275.72710000 | **10-Year:** 5226.62755000 | **30-Year:** 63.09849000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092932 | 0.48%                | -2.56%               | 2.32%                |
| Class ID C000092933 | 0.42%                | -2.60%               | 2.23%                |
| Class ID C000092934 | 0.53%                | -2.66%               | 2.30%                |
| Class ID C000092935 | 0.55%                | -2.51%               | 2.31%                |
| Class ID C000092936 | 0.47%                | -2.55%               | 2.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-113899.71              | $180930.17                                 |
| Month 2  | $-424.63                 | $-6381492.48                               |
| Month 3  | $398048.35               | $3502226.93                                |

### Schedule of Portfolio Investments

| Name                                               | Title                                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS SA                                     | BNP V7.375 PERP 144A                                                                                                                                   | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $416014.00    | 0.20%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FARM CREDIT BANK OF TEXAS INC                      | FARMCB V7 PERP 6                                                                                                                                       | CUSIP: 30767EAF6<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | EP               | USGSE             | US        |    260000 | NS      | $266587.88    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV                                       | INTNED V7.25 PERP                                                                                                                                      | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1051775.50   | 0.51%             | N/A             | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD BRP HOLDINGS (CANADA) INC               | BROOKFIELD BRP HOLDINGS (CANADA) INC 4.625% PERPETUAL SUBORDINATED NOTES                                                                               | CUSIP: 11259P109<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |     35878 | NS      | $542834.14    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE PARTNERS LP              | BROOKFIELD INFRASTRUCTURE PARTNERS LP 5.125% CLASS A PREFERRED LIMITED PARTNERSHIP UNITS, SERIES 13                                                    | CUSIP: 000000000<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | BM        |     28172 | NS      | $478642.28    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NOMURA HOLDINGS INC                                | NOMURA V7 PERP                                                                                                                                         | CUSIP: 65535HCC1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1100000 | PA      | $1136319.80   | 0.55%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                    | NDAFH V6.75 PERP 144A                                                                                                                                  | CUSIP: 65558RAQ2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    430000 | PA      | $439453.98    | 0.21%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                      | GS V6.85 PERP Z                                                                                                                                        | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    358000 | PA      | $369058.98    | 0.18%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                 | SANTAN V9.625 PERP *                                                                                                                                   | CUSIP: 05971KAP4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $878963.20    | 0.42%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                        | SWEDA V7.75 PERP                                                                                                                                       | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    600000 | PA      | $638223.00    | 0.31%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURANCE COMPANY                | MYLIFE V6.1 06/11/55 144A                                                                                                                              | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |   1200000 | PA      | $1223628.00   | 0.59%             | 2055-06-11      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | C V6.875 PERP GG                                                                                                                                       | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1320737.60   | 0.64%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP (THE)                          | SCHW V6.1 PERP L                                                                                                                                       | CUSIP: 808513CM5<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    800000 | PA      | $800610.73    | 0.39%             | N/A             | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK (THE)                        | TD V6.35 10/31/85                                                                                                                                      | CUSIP: 89116C4H7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    700000 | PA      | $705147.10    | 0.34%             | 2085-10-31      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                           | F&G ANNUITIES & LIFE INC CALLABLE FIXED FOR LIFE JUNIOR SUBORDINATED NOTES DUE JANUARY 15, 2065                                                        | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     89808 | NS      | $1929973.92   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC V6.95 PERP                                                                                                                                        | CUSIP: 404280EJ4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1657780.80   | 0.80%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                    | CMS ENERGY CORP 5.875% OF JUNIOR SUBORDINATED PREFERRED SECURITIES DUE ON 10/15/2078                                                                   | CUSIP: 125896852<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |     28674 | NS      | $654340.68    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC                                       | NI V6.375 03/31/55                                                                                                                                     | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    900000 | PA      | $927168.30    | 0.45%             | 2055-03-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                    | XCEL ENERGY INC 6.25% NOTES ISSUED DUE ON OCTOBER 15, 2085                                                                                             | CUSIP: 98389B878<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EP               | CORP              | US        |     99639 | NS      | $2433184.38   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC V6.875 PERP ***                                                                                                                                   | CUSIP: 404280EH8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    560000 | PA      | $575587.04    | 0.28%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                                   | LLAKES 7.25 PERP 144a                                                                                                                                  | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1107000.00   | 0.53%             | N/A             | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                               | AGNC INVESTMENT CORP DEPOSITARY SHARES EACH REPRESENTING 1/1,000TH OF A SHARE OF 6.125% SERIES F FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRE | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     17256 | NS      | $429674.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO DOMINION BANK (THE)                        | TD V8.125 10/31/82                                                                                                                                     | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1980000 | PA      | $2060813.70   | 1.00%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| AES CORP (THE)                                     | AES V6.95 07/15/55                                                                                                                                     | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1404000 | PA      | $1370687.57   | 0.66%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                      | ANNALY CAPITAL MANAGEMENT INC 6.95% SERIES F FIXED-TO-FLOATING RATE CUMULATIVE REDEEMABLE PREFERRED STOCK                                              | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     12575 | NS      | $326447.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                            | DIGITALBRIDGE GROUP INC CUM RED PERP PFD SHS SER J                                                                                                     | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     12056 | NS      | $210136.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC                                | D V6.2 02/15/56                                                                                                                                        | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1017382.21   | 0.49%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                          | BNS V8 01/27/84                                                                                                                                        | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1591587.00   | 0.77%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC (THE)                 | HIG F 02/12/47 ICON                                                                                                                                    | CUSIP: 416515BC7<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2768783.82   | 1.34%             | 2047-02-12      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                 | BBVASM V9.375 PERP                                                                                                                                     | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1300000 | PA      | $1431986.40   | 0.69%             | N/A             | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                | NEE V6.75 06/15/54                                                                                                                                     | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1398618.09   | 0.68%             | 2054-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                        | METLIFE INC 4.75% DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES F | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |      1040 | NS      | $19957.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                                       | ASSURANT INC 5.25% SUBORDINATED NOTES DUE JANUARY 15, 2061                                                                                             | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |     14988 | NS      | $293465.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KUVARE UNITED STATES HOLDINGS INC                  | KUVARE V7 02/17/51 144A                                                                                                                                | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | DBT              | CORP              | US        |   1174000 | PA      | $1168711.22   | 0.56%             | 2051-02-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                      | GS V7.5 PERP X                                                                                                                                         | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1966015.64   | 0.95%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| COMPEER FINANCIAL ACA                              | CMPFIN V4.875 PERP QIB                                                                                                                                 | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    600000 | PA      | $591594.00    | 0.29%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | BAC V6.625 PERP                                                                                                                                        | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5170000 | PA      | $5335615.78   | 2.58%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                       | BACR V7.625 PERP                                                                                                                                       | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $210754.00    | 0.10%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                               | RY V6.75 08/24/85                                                                                                                                      | CUSIP: 780082AV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1221954.00   | 0.59%             | 2085-08-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LTD                          | AXIS CAPITAL HOLDINGS LTD DEPOSITARY SHARES EACH REPRESENTING 1/100 TH INTEREST IN A 5.50% SERIES E PREFERRED SHARE                                    | CUSIP: 05461T305<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EP               | CORP              | BM        |     14000 | NS      | $274820.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC V7 PERP .                                                                                                                                         | CUSIP: 404280FJ3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $612459.00    | 0.30%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                           | LLOYDS V6.625 PERP                                                                                                                                     | CUSIP: 539439BF5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $294717.96    | 0.14%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                         | TCN V7 10/15/55                                                                                                                                        | CUSIP: 87971MCM3<br>LEI: 894500TX134IMF6NW757 | Long             | DBT              | CORP              | CA        |    806000 | PA      | $834055.25    | 0.40%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SUMISHO AIR LEASE CORP                             | SUMIAL V6 PERP D                                                                                                                                       | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1343000 | PA      | $1308911.03   | 0.63%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                             | SRE V6.4 10/01/54                                                                                                                                      | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1300634.76   | 0.63%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE COMPANY                      | NIPLIF V6.5 04/30/55 144a                                                                                                                              | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    561000 | PA      | $591570.57    | 0.29%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC V6.75 PERP                                                                                                                                        | CUSIP: 404280FH7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    600000 | PA      | $607989.49    | 0.29%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | C V7 PERP DD                                                                                                                                           | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    903000 | PA      | $938521.31    | 0.45%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GROUP INC (THE)             | PNC V6.25 PERP W                                                                                                                                       | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1677847.05   | 0.81%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP INC                        | ANGINC V7 12/01/55                                                                                                                                     | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    640000 | PA      | $626056.83    | 0.30%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                                   | LLAKES 8 PERP 144A                                                                                                                                     | CUSIP: 514666AK2<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2990970.60   | 1.44%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORTEGRA FINANCIAL CORP                            | FRF V8.5 10/15/57 144A                                                                                                                                 | CUSIP: 34954WAA2<br>LEI: 5493004Z5XFZNDJRE757 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983008.50    | 0.47%             | 2057-10-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                          | BNS V7.35 04/27/85                                                                                                                                     | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1242873.60   | 0.60%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                     | PUBLIC STORAGE DEPOSITARY SHARES EACH REPRESENTING 1/1000 OF A 4.625% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES L                      | CUSIP: 74460W552<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |      8887 | NS      | $164054.02    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC                          | HBAN V6.25 PERP K                                                                                                                                      | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1499000 | PA      | $1502072.95   | 0.73%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NEW YORK (THE)                 | NASSAU COMPANIES OF NEW YORK (THE) 7.45% QUARTERLY INTEREST BONDS DUE 2032                                                                             | CUSIP: 71902E208<br>LEI: 549300Q3ENSFI87YLC32 | Long             | EP               | CORP              | US        |     10700 | NS      | $192600.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                         | ALVGR V6.5 PERP 144A                                                                                                                                   | CUSIP: 018820AF7<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $400423.20    | 0.19%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP (THE)                 | BANK OF NEW YORK MELLON CORP (THE) DEPOSITARY SHARES EACH REPRESENTING A 1/4,000TH INTEREST IN A SHARE OF SERIES K NONCUMULATIVE PERPETUAL PREFERRED S | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     23596 | NS      | $602405.88    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                       | CS 5.25 PERP 144A                                                                                                                                      | CUSIP: 225401AR9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1500000 | PA      | $530700.00    | 0.26%             | N/A             | Fixed         | 5.25%                 | No            |                  3 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE FINANCE ULC              | BROOKFIELD INFRASTRUCTURE FINANCE ULC SUBORDINATED NOTES 05/24/2081                                                                                    | CUSIP: 11276B109<br>LEI: 984500CDDWC47U7DBA74 | Long             | EP               | CORP              | CA        |     28651 | NS      | $471022.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AGCREDIT ACA                              | AAGACA V5.25 PERP QIB                                                                                                                                  | CUSIP: 02369GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2477725.00   | 1.20%             | N/A             | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                          | BNS V6.875 10/27/85                                                                                                                                    | CUSIP: 06419GEE2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $809906.08    | 0.39%             | 2085-10-27      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC (FIN) COMPANY                      | GBLATL V7.25 03/01/56 144A                                                                                                                             | CUSIP: 37959GAH0<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    952000 | PA      | $939079.27    | 0.45%             | 2056-03-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | C V7.2 PERP BB                                                                                                                                         | CUSIP: 172967PJ4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    449000 | PA      | $458339.20    | 0.22%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                | SOCGEN V10 PERP 144A                                                                                                                                   | CUSIP: 83371GAA9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1315332.00   | 0.64%             | N/A             | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ALLSTATE CORP (THE)                                | ALLSTATE CORP (THE) DEP SHS REP 1/1000 NON CUM                                                                                                         | CUSIP: 020002838<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |      4098 | NS      | $85443.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD OAKTREE HOLDINGS LLC                    | BROOKFIELD OAKTREE HOLDINGS LLC 6.550% SERIES B PREFERRED UNITS                                                                                        | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |       496 | NS      | $10192.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                 | SANTAN V8 PERP                                                                                                                                         | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1100000 | PA      | $1195247.90   | 0.58%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                            | CNO FINANCIAL GROUP INC 5.125% SUBORDINATED DEBENTURES DUE NOVEMBER 25, 2060                                                                           | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |     21803 | NS      | $389183.55    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL                                   | BMO V7.3 11/26/84                                                                                                                                      | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1159413.20   | 0.56%             | 2084-11-26      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA (THE)                          | BNS V8.625 10/27/82                                                                                                                                    | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $525202.33    | 0.25%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                 | CM V6.95 01/28/85                                                                                                                                      | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $306036.30    | 0.15%             | 2085-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                        | BBVASM V5.875 09/13/34 144A                                                                                                                            | CUSIP: 05533UAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $649016.37    | 0.31%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                          | RCICN V7.125 04/15/55                                                                                                                                  | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1014000 | PA      | $1046704.88   | 0.51%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH | BANORT V8.75 PERP 144A                                                                                                                                 | CUSIP: 05971PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    400000 | PA      | $433094.00    | 0.21%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AFFILIATED MANAGERS GROUP INC                      | AFFILIATED MANAGERS GROUP INC 4.200% JUNIOR SUBORDINATED NOTES DUE SEPTEMBER 30, 2061                                                                  | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     22386 | NS      | $337133.16    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                                       | ETR V6.1 06/15/56                                                                                                                                      | CUSIP: 29364GAS2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    850000 | PA      | $847488.85    | 0.41%             | 2056-06-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC (FIN) COMPANY                      | GBLATL V7.95 10/15/54 144A                                                                                                                             | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1304000 | PA      | $1310885.12   | 0.63%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                  | STT V6.7 PERP J                                                                                                                                        | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1172000 | PA      | $1215313.60   | 0.59%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                | AEP V6.05 03/15/56 D                                                                                                                                   | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1089000 | PA      | $1086052.40   | 0.52%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | WELLS FARGO & COMPANY 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED STOCK, SERIES L                                                      | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      3681 | NS      | $4383371.61   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                               | BANK OF AMERICA CORP DEP SHS EACH REP A 1/1,000TH INT IN A SHARE OF BANK OF AMERICA CORP 5.375% NON-CUMULATIVE PREFERRED STOCK, SERIES KK              | CUSIP: 06053U601<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     39125 | NS      | $862315.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                             | ARCH CAPITAL GROUP LTD DEPOSITARY SHARES EACH REPRESENTING 1/1,000 TH INTEREST IN A SHARE OF5.45 % NON-CUMULATIVE PREFERRED SHARES, SERIES F           | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |      1820 | NS      | $37146.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                           | AT&T INC DEPOSITARY SHARES, EACH REPRESENTING A 1/1000TH INTEREST IN A SHARE OF 4.750% PERPETUAL PREFERRED STOCK, SERIES C                             | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     19108 | NS      | $358466.08    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COMPANY (THE)                             | SO V6.375 03/15/55 2025                                                                                                                                | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1133650.10   | 0.55%             | 2055-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                                 | DTE ENERGY COMPANY 6.250% JUNIOR SUBORDINATED DEBENTURES DUE ON OCTOBER 1, 2085                                                                        | CUSIP: 233331792<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |     80984 | NS      | $2005163.84   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                            | DIGITALBRIDGE GROUP INC 7.125% SERIES H CUMULATIVE REDEEMABLE PREFERRED STOCK                                                                          | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |      5114 | NS      | $88881.32     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP INC                      | AFFILIATED MANAGERS GROUP INC FIXED JUNIOR SUBORDINATED NOTES DUE MARCH 30, 2064                                                                       | CUSIP: 008252827<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     43952 | NS      | $1053089.92   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                | NEE V6.5 08/15/55 .                                                                                                                                    | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    590000 | PA      | $615293.30    | 0.30%             | 2055-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                           | F&G ANNUITIES & LIFE INC 7.95% SENIOR NOTES DUE 12/15/2053                                                                                             | CUSIP: 30190A203<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     40725 | NS      | $1016088.75   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                        | BBVASM V7.625 02/11/35 144A                                                                                                                            | CUSIP: 072912AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $522100.00    | 0.25%             | 2035-02-11      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                | AEP V6.95 12/15/54                                                                                                                                     | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1980000 | PA      | $2110202.82   | 1.02%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARES INC                      | FCNCA V7 PERP D                                                                                                                                        | CUSIP: 31959XAG8<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1059276.75   | 0.51%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | C V6.625 PERP                                                                                                                                          | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    950000 | PA      | $962204.51    | 0.46%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AEGON FUNDING COMPANY LLC                          | AEGON FUNDING COMPANY LLC 5.10% SUBORDINATED NOTES DUE DECEMBER 15, 2049                                                                               | CUSIP: 00775V104<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | EP               | CORP              | US        |     78954 | NS      | $1536444.84   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                       | CS 9.75 PERP 144A                                                                                                                                      | CUSIP: 225401AX6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1600000 | PA      | $566080.00    | 0.27%             | N/A             | Fixed         | 9.75%                 | No            |                  3 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH | BANORT V8.375 PERP 144A                                                                                                                                | CUSIP: 05971PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1170570.50   | 0.57%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                                   | LLAKES 7 PERP 144A                                                                                                                                     | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1238515.04   | 0.60%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MANAGEMENT INC                      | ANNALY CAPITAL MANAGEMENT INC 8.875% SERIES J FIXED-RATE CUMULATIVE REDEEMABLE PREFERRED STOCK                                                         | CUSIP: 035710821<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     18168 | NS      | $475456.56    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD OAKTREE HOLDINGS LLC                    | BROOKFIELD OAKTREE HOLDINGS LLC 6.625% PREFERRED UNITS SERIES A                                                                                        | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |      9510 | NS      | $198331.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                             | SEMPRA 5.75% JUNIOR SUBORDINATED NOTES DUE JULY 1, 2079                                                                                                | CUSIP: 816851604<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |     16875 | NS      | $363993.75    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                  | BCICI V8.75 PERP 144A                                                                                                                                  | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    300000 | PA      | $322374.00    | 0.16%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                       | BACR V4.375 PERP                                                                                                                                       | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $533304.20    | 0.26%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES CAPITAL TRUST I                       | LLAKES 7.45 03/15/28                                                                                                                                   | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1342645.34   | 0.65%             | 2028-03-15      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| EMERA US FINANCE LLC                               | EMACN V6.85 10/01/56 B                                                                                                                                 | CUSIP: 29103HAB3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | US        |    520000 | PA      | $521802.32    | 0.25%             | 2056-10-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                           | COREBRIDGE FINANCIAL INC 6.375% JUNIOR SUBORDINATED NOTES DUE DECEMBER 15,2064.                                                                        | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |     92189 | NS      | $2207926.55   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                     | BNP V7.2 PERP 144A                                                                                                                                     | CUSIP: 05602XQS0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1800000 | PA      | $1811485.80   | 0.87%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HOLDINGS LTD                       | ASPEN INSURANCE HOLDINGS LTD 5.625%NON CUM PERP PFD SHS                                                                                                | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     24941 | NS      | $540970.29    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP INC                      | AFFILIATED MANAGERS GROUP INC 5.875% JUNIOR SUBORDINATED NOTES DUE MARCH 30, 2059                                                                      | CUSIP: 008252850<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     11934 | NS      | $241186.14    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA                                 | SANTAN V9.625 PERP _                                                                                                                                   | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1800000 | PA      | $2143000.80   | 1.03%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG                                   | DB V8.13011 PERP                                                                                                                                       | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $637348.78    | 0.31%             | N/A             | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                       | ENBCN V8.5 01/15/84                                                                                                                                    | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1192000 | PA      | $1358368.33   | 0.66%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                  | EMACN V7.625 12/15/54                                                                                                                                  | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $984101.64    | 0.48%             | 2054-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                         | TCN V6.625 06/09/56 ...                                                                                                                                | CUSIP: 87971MCR2<br>LEI: 894500TX134IMF6NW757 | Long             | DBT              | CORP              | CA        |    686000 | PA      | $682553.47    | 0.33%             | 2056-06-09      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                        | BCECN V7 09/15/55                                                                                                                                      | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   1835000 | PA      | $1905163.06   | 0.92%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                                   | ENSTAR GROUP LTD 7.00% FIXED-TO-FLOATING RATE SERIES D PERPETUAL PREFERRED SHARES                                                                      | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |     88432 | NS      | $2033936.00   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                               | RY V6.5 11/24/85                                                                                                                                       | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1220000 | PA      | $1203235.61   | 0.58%             | 2085-11-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LLC                               | EMACN V6.65 10/01/56 A                                                                                                                                 | CUSIP: 29103HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $300873.60    | 0.15%             | 2056-10-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                    | CMS ENERGY CORP 5.875% FIXED RATE JUNIOR SUBORDINATED NOTES DUE ON 3/1/2079                                                                            | CUSIP: 125896845<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |     18327 | NS      | $423903.51    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC                            | DIGITALBRIDGE GROUP INC 7.15% SERIES I CUMULATIVE REDEEMABLE PERPETUAL PREFERRED STOCK                                                                 | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     19912 | NS      | $343083.76    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                          | JPM V6.875 PERP NN                                                                                                                                     | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2084810.00   | 1.01%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CNP ASSURANCES SA                                  | CNPFP V4.875 PERP                                                                                                                                      | CUSIP: 000000000<br>LEI: 969500QKVPV2H8UXM738 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $1875359.86   | 0.91%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                             | SOUTHERN COMPANY (THE) CALLABLE JUNIOR SUBORDINATED NOTES DUE MARCH 15, 2085                                                                           | CUSIP: 842587867<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |      1556 | NS      | $39678.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                     | MORGAN STANLEY DEPOSITARY SHARES EACH REPRESENTING 1/1,000 TH OF A SHARE OF FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES K            | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      3933 | NS      | $95178.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH | BANORT V7.5 PERP 144A                                                                                                                                  | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    900000 | PA      | $921616.20    | 0.45%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHS INC                                            | CHS INC CLASS B RESET RATE CUMULATIVE REDEEMABLE PREFERRED STOCK, SERIES 3                                                                             | CUSIP: 12542R704<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |      7707 | NS      | $192289.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COBANK ACB                                         | COBKAC V7.25 PERP                                                                                                                                      | CUSIP: 19075QAF9<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $506671.13    | 0.24%             | N/A             | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                     | BNP V8 PERP 144A                                                                                                                                       | CUSIP: 05602XDJ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1140000 | PA      | $1222679.64   | 0.59%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                | NEXTERA ENERGY CAPITAL HOLDINGS INC PUBLIC OFFERING OF 60NC5 FIXED-FOR-LIFE JUNIOR SUBORDINATED DEBENTURES DUE 15-APR-2086                             | CUSIP: 65339K829<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |     11050 | NS      | $278349.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                       | CS 6.375 PERP 144A                                                                                                                                     | CUSIP: 225401AL2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2425000 | PA      | $857965.00    | 0.41%             | N/A             | Fixed         | 6.38%                 | No            |                  3 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC                   | REINSURANCE GROUP OF AMERICA INC 7.125% FIXED-RATE RESET SUBORDINATED DEBENTURES DUE OCTOBER 15, 2052                                                  | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |      4421 | NS      | $112337.61    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC V7.05 PERP                                                                                                                                        | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1132425.80   | 0.55%             | N/A             | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                   | BMO V7.7 05/26/84                                                                                                                                      | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2200000 | PA      | $2317601.00   | 1.12%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                        | ALACN V7.2 10/15/54 144A                                                                                                                               | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |    880000 | PA      | $914686.96    | 0.44%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                       | BACR V8 PERP                                                                                                                                           | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3800000 | PA      | $3999602.60   | 1.93%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                | D V6.875 02/01/55 A                                                                                                                                    | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145456.64    | 0.07%             | 2055-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                | D V6.625 05/15/55                                                                                                                                      | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1519529.22   | 0.73%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                           | LLOYDS V8 PERP                                                                                                                                         | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1860000 | PA      | $1990170.24   | 0.96%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                 | ATHENE HOLDING LTD 6.35%DEP 1/1000TH PERP NON CUM PFD SER A                                                                                            | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     29754 | NS      | $724509.90    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                   | T-MOBILE USA INC 5.500% SENIOR NOTES DUE ON JUNE 1, 2070                                                                                               | CUSIP: 87264A303<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |     74851 | NS      | $1660943.69   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR GROUP FINANCE CO IX LLC                        | KKR GROUP FINANCE CO IX LLC 4.625% SUBORDINATED NOTES DUE APRIL 1, 2061                                                                                | CUSIP: 48253M104<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     34217 | NS      | $581004.66    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD RENEWABLE PARTNERS LP                   | BROOKFIELD RENEWABLE PARTNERS LP 5.25% CLASS A PREFERRED LIMITED PARTNERSHIP UNITS, SERIES 17                                                          | CUSIP: 000000000<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EP               | CORP              | BM        |     19571 | NS      | $360693.53    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL                                   | BMO V6.875 11/26/85 6                                                                                                                                  | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    510000 | PA      | $522186.45    | 0.25%             | 2085-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                 | CM V7 10/28/85                                                                                                                                         | CUSIP: 13607P7Y4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1540075.50   | 0.74%             | 2085-10-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DAIRY FARMERS OF AMERICA INC                       | DFAINC 7.125 PERP                                                                                                                                      | CUSIP: 23385HAA7<br>LEI: 1LTUIZEFFT7MUIERI838 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301065.00    | 0.15%             | N/A             | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| ING GROEP NV                                       | INTNED V8 PERP                                                                                                                                         | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1457000 | PA      | $1557400.51   | 0.75%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                 | ATHENE HOLDING LTD DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF THE ISSUERS 7.750% FIXED-RATE RESET PERPETUAL NON-CUMULATIV  | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     47071 | NS      | $1202664.05   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT AGRICOLE SA                                 | ACAFP V7.125 PERP 144A                                                                                                                                 | CUSIP: 225313AT2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2923000 | PA      | $3039595.55   | 1.47%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                | D V7 06/01/54 B                                                                                                                                        | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    543000 | PA      | $580632.07    | 0.28%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                 | ACAFP V6.7 PERP 144A                                                                                                                                   | CUSIP: 225313AR6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1577000 | PA      | $1596598.96   | 0.77%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                       | CS 7.5 PERP 144a                                                                                                                                       | CUSIP: 225401AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4100000 | PA      | $1450580.00   | 0.70%             | N/A             | Floating      | 7.50%                 | No            |                  3 | On Loan: No      |
| STATE STREET CORP                                  | STATE STREET CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/4,000TH OWNERSHIP INTEREST IN A SHARE OF FIXED-TO-FLOATING RATE NON-CUMULATIVE PERPETUAL PR | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |      8806 | NS      | $196021.56    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NATWEST GROUP PLC                                  | NWG V8.125 PERP                                                                                                                                        | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1435899.40   | 0.69%             | N/A             | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CHS INC                                            | CHS INC CLASS B RESET RATE CUMULATIVE REDEEMABLE PREFERRED STOCK, SERIES 2                                                                             | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |       211 | NS      | $5340.41      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERSOURCE ENERGY                                  | ES V6.1 08/15/56 A                                                                                                                                     | CUSIP: 30040WBC1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298897.89    | 0.14%             | 2056-08-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| COMPEER FINANCIAL ACA                              | CMPFIN V7.875 PERP QIB                                                                                                                                 | CUSIP: 20453QAC6<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    530000 | PA      | $541159.32    | 0.26%             | N/A             | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                 | ATHENE HOLDING LTD JUNIOR SUBORDINATED DEBENTURES DUE ON MARCH 30, 2064                                                                                | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     59595 | NS      | $1492854.75   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                           | CRBG V6.875 PERP                                                                                                                                       | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61749.30     | 0.03%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS SA                                     | BNP V8.5 PERP 144A                                                                                                                                     | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2450000 | PA      | $2596154.75   | 1.25%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                  | HSBC V8 PERP                                                                                                                                           | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1464653.40   | 0.71%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                           | AT&T INC 5.350% GLOBAL NOTES DUE 2066                                                                                                                  | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     22774 | NS      | $490096.48    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC                   | RGA V6.375 09/15/56                                                                                                                                    | CUSIP: 759351AV1<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $293943.21    | 0.14%             | 2056-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                          | JP MORGAN CHASE & COMPANY DEPOSITARY SHARES EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF 4.75% NON-CUMULATIVE PREFERRED STOCK, SERIES GG         | CUSIP: 48128B622<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      1264 | NS      | $25381.12     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                      | C V6.95 PERP FF                                                                                                                                        | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $916513.20    | 0.44%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ASSURED GUARANTY MUNICIPAL HOLDINGS INC            | AGO V6.4 12/15/66 144A                                                                                                                                 | CUSIP: 31769PAB6<br>LEI: 549300WKHOG7BKB8MS12 | Long             | DBT              | CORP              | US        |    850000 | PA      | $808772.20    | 0.39%             | 2066-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                  | ES V6.35 08/15/56 B                                                                                                                                    | CUSIP: 30040WBD9<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1045059.77   | 0.50%             | 2056-08-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                      | GS V6.125 PERP Y                                                                                                                                       | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    700000 | PA      | $705623.10    | 0.34%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH | BANORT V7.625 PERP 144A                                                                                                                                | CUSIP: 05962GAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1000000 | PA      | $1022928.00   | 0.49%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CARLYLE FINANCE LLC                                | CARLYLE FINANCE LLC CARLYLE FINANCE L.L.C. 4.625% SUBORDINATED NOTES DUE MAY 15, 2061                                                                  | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     65593 | NS      | $1147877.50   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                     | MORGAN STANLEY DEPOSITARY SHARES, EACH REPRESENTING 1/1,000TH OWNERSHIP INTEREST IN A SHARE OF 6.625% NONCUMULATIVE PREFERRED STOCK, SERIES Q          | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     13003 | NS      | $332356.68    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ING GROEP NV                                       | INTNED V7 PERP .                                                                                                                                       | CUSIP: 456837BT9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1800000 | PA      | $1866686.40   | 0.90%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                        | BBVASM V8.45 06/29/38 144A                                                                                                                             | CUSIP: 07336UAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1432150.36   | 0.69%             | 2038-06-29      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                   | DUK V6.45 09/01/54                                                                                                                                     | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1019129.48   | 0.49%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                              | TRUIST FINANCIAL CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF SERIES R NON-CUMULATIVE PERPETUAL PREFERRED STOCK        | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |      4959 | NS      | $93130.02     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIRE INC (US)                                     | SR V6.45 06/01/56                                                                                                                                      | CUSIP: 84857LAE1<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    635000 | PA      | $639299.59    | 0.31%             | 2056-06-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| AGNC INVESTMENT CORP                               | AGNC INVESTMENT CORP DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 8.75% SERIES H FIXED-RATE CUMULATIVE REDEEMABLE PREFERRED  | CUSIP: 00123Q831<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     14084 | NS      | $359846.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                                       | AIZ V7 03/27/48                                                                                                                                        | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    972000 | PA      | $985149.10    | 0.48%             | 2048-03-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY (THE)                             | SOUTHERN COMPANY (THE) 4.95% JUNIOR SUBORDINATED NOTES DUE JANUARY 30, 2080                                                                            | CUSIP: 842587800<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |     20577 | NS      | $410922.69    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FARM CREDIT BANK OF TEXAS INC                      | FARMCB V6.2 PERP 3                                                                                                                                     | CUSIP: 30767EAC3<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | USGSE             | US        |    600000 | PA      | $594999.00    | 0.29%             | N/A             | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL INC                                 | VOYA FINANCIAL INC DEP SHS REP 1/40TH NON CUM                                                                                                          | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |      6762 | NS      | $162085.14    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL HOLDINGS INC                | NEXTERA ENERGY CAPITAL HOLDINGS INC SERIES U JUNIOR SUBORDINATED DEBENTURES DUE JUNE 1, 2085                                                           | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |    104896 | NS      | $2685337.60   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| W. R. BERKLEY CORP                                 | W. R. BERKLEY CORP SUBORDINATED DEBENTURES DUE DECEMBER 30, 2059                                                                                       | CUSIP: 084423805<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |      4918 | NS      | $95753.46     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                | SUMIBK V6.6 PERP                                                                                                                                       | CUSIP: 86562MDK3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    720000 | PA      | $729181.44    | 0.35%             | N/A             | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                             | CNP V6.85 02/15/55 B                                                                                                                                   | CUSIP: 15189TBJ5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |     75000 | PA      | $79241.48     | 0.04%             | 2055-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                 | MUFG V6.35 PERP                                                                                                                                        | CUSIP: 606822DP6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1400000 | PA      | $1411249.00   | 0.68%             | N/A             | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                      | FORD MOTOR CO 6.200% NOTES DUE JUNE 1, 2059                                                                                                            | CUSIP: 345370845<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |     10140 | NS      | $214359.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS SA                                     | BNP V7.75 PERP 144A                                                                                                                                    | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1340000 | PA      | $1409458.90   | 0.68%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                  | EMACN V6.25 04/01/56                                                                                                                                   | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $743245.80    | 0.36%             | 2056-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARES FINANCE CO III LLC                            | ARES V4.125 06/30/51 144A                                                                                                                              | CUSIP: 04018VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1495436.97   | 0.72%             | 2051-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON CORP (THE)                 | BK V5.95 PERP                                                                                                                                          | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405795.20    | 0.20%             | N/A             | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                       | BACR V9.625 PERP                                                                                                                                       | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1228276.50   | 0.59%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE & COMPANY                          | JP MORGAN CHASE & COMPANY DEPOSITARY SHARES, EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF JPMORGAN CHASE & CO. 4.625% NON-CUMULATIVE PREFERRED S | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     16583 | NS      | $323036.84    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORP                            | WINTRUST FINANCIAL CORP DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 7.875% FIXED-RATE RESET NON-CUMULATIVE PERPETUAL PREFER | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |     17924 | NS      | $474806.76    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                  | STT V6.7 PERP I                                                                                                                                        | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    513000 | PA      | $528974.82    | 0.26%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                         | ALVGR V6.55 PERP 144a                                                                                                                                  | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    800000 | PA      | $809883.20    | 0.39%             | N/A             | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                             | EQUITABLE HOLDINGS INC 5.25% DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF FIXED RATE NONCUMULATIVE PERPETUAL PREFERRED STOCK | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |     44556 | NS      | $880872.12    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                    | BROOKFIELD PROPERTY PARTNERS LP 5.750% CLASS A CUMULATIVE REDEEMABLE PERPETUAL PREFERRED UNITS SERIES 3                                                | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |     37415 | NS      | $523435.85    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN NATIONAL GROUP INC                        | AMERICAN NATIONAL GROUP INC DEPOSITARY SHARE REPRESENTING 1/1000TH, 7.375% FIXED-RATE NON-CUMULATIVE PREFERRED STOCK SERIES D                          | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |     36832 | NS      | $913065.28    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP                               | AGNC INVESTMENT CORP DEP SHS EACH REP 1/1,000TH OF A SHARE OF 6.50% SER E FIX TO FLTNG RATE CUM RED PFD STK                                            | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |      9878 | NS      | $251691.44    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARGENTARIA SA                 | BBVASM V7.75 PERP                                                                                                                                      | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $424462.00    | 0.20%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                      | FORD MOTOR CO 6.000% NOTES DUE DECEMBER 1, 2059                                                                                                        | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |     20501 | NS      | $423960.68    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA PIPELINES LTD                          | TRANSCANADA PIPELINES LTD CALLABLE JUNIOR SUBORDINATED NOTES DUE 01 NOV 2085                                                                           | CUSIP: 893526681<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | EP               | CORP              | CA        |     18820 | NS      | $450362.60    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                   | T-MOBILE USA INC 5.500% SENIOR NOTES ISSUED DUE ON MARCH 1, 2070                                                                                       | CUSIP: 87264A204<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |    102759 | NS      | $2281249.80   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG OPERATING GROUP II LP                          | TPG OPERATING GROUP II LP FIXED-RATE JUNIOR SUBORDINATED NOTES DUE ON MARCH 15, 2064                                                                   | CUSIP: 872652102<br>LEI: 2549001H9RJQNZT7MU11 | Long             | EP               | CORP              | US        |     19157 | NS      | $477967.15    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                             | ARCH CAPITAL GROUP LTD DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF THE ISSUERS 4.550% NON-CUMULATIVE PREFERRED SHARES, SERI | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |     19128 | NS      | $330340.56    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                       | ENBCN V7.625 01/15/83                                                                                                                                  | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1040000 | PA      | $1129758.24   | 0.55%             | 2083-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | WFC V6.125 PERP GG                                                                                                                                     | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1028880.65   | 0.50%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FARM CREDIT BANK OF TEXAS INC                      | FARMCB V7.75 PERP                                                                                                                                      | CUSIP: 30767EAE9<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | EP               | USGSE             | US        |    300000 | NS      | $312972.34    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO E INVERSIONES SA                  | BCICI V8.75 PERP REGS                                                                                                                                  | CUSIP: 05890PAC0<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $214916.00    | 0.10%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE SA                                | SOCGEN V9.375 PERP 144A                                                                                                                                | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1582812.00   | 0.76%             | N/A             | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HOLDINGS LTD                       | ASPEN INSURANCE HOLDINGS LTD 5.625 DEP REP 1/1000TH PFD                                                                                                | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     70552 | NS      | $1511223.84   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERZBANK AG                                     | CMZB V7.5 PERP EMTN                                                                                                                                    | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |   1400000 | PA      | $1462944.13   | 0.71%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL FARM CREDIT ACA                            | CFCFCS V8.393 PERP 1                                                                                                                                   | CUSIP: 14019TAA4<br>LEI: 254900S6K5I3OISPS518 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1494090.00   | 0.72%             | N/A             | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-22

**Name of Applicant:** First Trust Series Fund

**Signature:** Derek Maltbie

**Name of Signer:** Derek Maltbie

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer