# EDGAR Filing Document

**Accession Number:** 0001559991
**File Stem:** 0001752724-25-179047
**Filing Date:** 2025-7
**Character Count:** 102013
**Document Hash:** c32daa3ca8983235ec3ee859e4493395
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179047.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179047

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Flaherty & Crumrine Dynamic Preferred & Income Fund Inc
- **CENTRAL INDEX KEY:** 0001559991

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22762
- **FILM NUMBER:** 251150667

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 626-795-7300

**MAIL ADDRESS:**
- **STREET 1:** 301 E. COLORADO BOULEVARD, SUITE 800
- **STREET 2:** C/O FLAHERTY & CRUMRINE INC
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Flaherty & Crumrine Preferred & Income Allocation Fund Inc
- **DATE OF NAME CHANGE:** 20121019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Flaherty & Crumrine Global Preferred & Income Securities Fund Inc
- **DATE OF NAME CHANGE:** 20121010

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Flaherty & Crumrine Dynamic Preferred & Income Fund Inc

- **b. Investment Company Act file number:** 811-22762

- **c. CIK number of Registrant:** 0001559991

- **d. LEI of Registrant:** 254900BPH613QBWQO237

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

  - **Street Address 1:** 301 East Colorado Boulevard

  - **City:** Pasadena

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 91101

  - **Telephone number:** 626-795-7300

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

- **a. Name of Series:** Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated

- **c. LEI of Series:** 254900BPH613QBWQO237

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-30

**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:** $734428977.63

**Total Liabilities:** $285546681.85

**Net Assets:** $448882295.78

**Delayed Delivery Securities:** $2815000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 23060.00000000 | **1-Year:** 82029.00000000 | **5-Year:** 82027.00000000 | **10-Year:** 47777.00000000 | **30-Year:** 10894.00000000

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

- **3-Month:** 9976.00000000 | **1-Year:** 34867.00000000 | **5-Year:** 36688.00000000 | **10-Year:** 30770.00000000 | **30-Year:** 11495.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -0.22%               | -1.95%               | 2.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-7583088.62                               |
| Month 2  | $35629.15                | $-8239734.07                               |
| Month 3  | $-7192.50                | $6198142.48                                |

### 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                      | BNP Paribas SA                                                               | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2300000 | PA      | $2320840.30   | 0.52%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 95002Y400<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     41356 | NS      | $682374.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2300000 | PA      | $2258695.68   | 0.50%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                 | Paramount Global                                                             | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   4370000 | PA      | $4274787.31   | 0.95%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC           | CenterPoint Energy Inc                                                       | CUSIP: 15189TBJ5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2289190.58   | 0.51%             | 2055-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP          | American National Group Inc                                                  | CUSIP: 025676867<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |     71825 | NS      | $1792752.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE BANK                     | Cadence Bank                                                                 | CUSIP: 12740C202<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EP               | CORP              | US        |     57777 | NS      | $1163628.78   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC         | Liberty Mutual Group Inc                                                     | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2109056.96   | 0.47%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| QWEST CORP                       | Qwest Corp                                                                   | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     82550 | NS      | $1542034.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2280000 | PA      | $2377454.04   | 0.53%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    775000 | PA      | $776351.52    | 0.17%             | N/A             | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                     | Comerica Inc                                                                 | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |  15678000 | PA      | $15688623.41  | 3.50%             | N/A             | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                | NatWest Group PLC                                                            | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    950000 | PA      | $818281.27    | 0.18%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L         | RenaissanceRe Holdings Ltd                                                   | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |     67657 | NS      | $1054772.63   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2350000 | PA      | $2599899.00   | 0.58%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP          | Wintrust Financial Corp                                                      | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |     78080 | NS      | $1994944.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA             | Royal Bank of Canada                                                         | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2213000 | PA      | $2306149.60   | 0.51%             | 2084-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STIFEL FINANCIAL CORP            | Stifel Financial Corp                                                        | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     37152 | NS      | $613751.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                | State Street Corp                                                            | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2343000 | PA      | $2397521.61   | 0.53%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| NORTHWEST NATURAL HOLDI          | Northwest Natural Holding Co                                                 | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1793354.52   | 0.40%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| QWEST CORP                       | Qwest Corp                                                                   | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     54050 | NS      | $988034.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG OPERATING GROUP II           | TPG Operating Group II LP                                                    | CUSIP: 872652102<br>LEI: 2549001H9RJQNZT7MU11 | Long             | EP               | CORP              | US        |     64340 | NS      | $1556384.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL             | Edison International                                                         | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $3759462.00   | 0.84%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA              | Bank of Nova Scotia/The                                                      | CUSIP: 064159VJ2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2076000 | PA      | $2079851.19   | 0.46%             | N/A             | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                    | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1420000 | PA      | $1403215.50   | 0.31%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3500000 | PA      | $3462201.75   | 0.77%             | 2077-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL             | Edison International                                                         | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1227946.49   | 0.27%             | N/A             | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   7540000 | PA      | $7996516.84   | 1.78%             | N/A             | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                                              | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2444337.00   | 0.54%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                       | Evergy Inc                                                                   | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $1925113.41   | 0.43%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| SCE TRUST VIII                   | SCE Trust VIII                                                               | CUSIP: 80620A208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     68000 | NS      | $1476960.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                                                   | CUSIP: 14040HDL6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2009332.36   | 0.45%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                                                 | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1550000 | PA      | $1362407.22   | 0.30%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1192699.16   | 0.27%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5576000 | PA      | $5920094.96   | 1.32%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA             | Royal Bank of Canada                                                         | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3220000 | PA      | $3033786.11   | 0.68%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL              | Synchrony Financial                                                          | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    149900 | NS      | $3741504.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G ANNUITIES & LIFE INC         | F&G Annuities & Life Inc                                                     | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     98000 | NS      | $2278500.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COBANK ACB                       | CoBank ACB                                                                   | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |    550000 | PA      | $551902.45    | 0.12%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280EJ4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1594315.36   | 0.36%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   5025000 | PA      | $5020349.87   | 1.12%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC               | ALLY FINANCIAL INC                                                           | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $1883341.95   | 0.42%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                     | NiSource Inc                                                                 | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    940000 | PA      | $932706.26    | 0.21%             | 2055-03-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2125000 | PA      | $2093612.90   | 0.47%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP               | First Horizon Corp                                                           | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |     48634 | NS      | $1113232.26   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                      | MetLife Inc                                                                  | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |  17200000 | PA      | $20187244.40  | 4.50%             | 2038-04-08      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3605885.50   | 0.80%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| SCE TRUST IV                     | SCE Trust IV                                                                 | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     34000 | NS      | $775200.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LAND O'LAKES INC                 | Land O' Lakes Inc                                                            | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |    725000 | PA      | $618081.79    | 0.14%             | N/A             | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC         | Lloyds Banking Group PLC                                                     | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1004653.00   | 0.22%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK            | Toronto-Dominion Bank/The                                                    | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1049831.00   | 0.23%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MGMT              | Annaly Capital Management Inc                                                | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     10685 | NS      | $272360.65    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NOVA SCOTIA              | Bank of Nova Scotia/The                                                      | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2460000 | PA      | $2597914.98   | 0.58%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    121675 | NS      | $3105146.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARE         | Dime Community Bancshares Inc                                                | CUSIP: 25432X300<br>LEI: 0002487650           | Long             | EP               | CORP              | US        |     46000 | NS      | $1201520.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG         | Banco Bilbao Vizcaya Argentaria SA                                           | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   4800000 | PA      | $5280292.80   | 1.18%             | N/A             | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SCE TRUST II                     | SCE Trust II                                                                 | CUSIP: 78407R204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       417 | NS      | $7301.67      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL           | NextEra Energy Capital Holdings Inc                                          | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2321527.61   | 0.52%             | 2054-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WAFD INC                         | WaFd Inc                                                                     | CUSIP: 938824307<br>LEI: 0003065617           | Long             | EP               | CORP              | US        |     55000 | NS      | $842600.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                     | Assurant Inc                                                                 | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |      8203 | NS      | $162091.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH TELECOMMUNICATIO         | British Telecommunications PLC                                               | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   1195000 | PA      | $1088052.28   | 0.24%             | 2081-11-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KUVARE US HOLDINGS INC           | Kuvare US Holdings Inc                                                       | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2324165.09   | 0.52%             | 2051-02-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP           | Synovus Financial Corp                                                       | CUSIP: 87161C709<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |    288094 | NS      | $7461634.60   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE FINANCE TRUST INC         | TPG RE Finance Trust Inc                                                     | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     65100 | NS      | $1163337.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPEER FINANCIAL ACA            | Compeer Financial ACA                                                        | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    660000 | PA      | $636900.06    | 0.14%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP         | Citizens Financial Group Inc                                                 | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2415000 | PA      | $2399355.63   | 0.53%             | N/A             | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1825000 | PA      | $1807465.58   | 0.40%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     44600 | NS      | $1146666.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP            | Stifel Financial Corp                                                        | CUSIP: 860630706<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     65733 | NS      | $1515145.65   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GRP OF AMER          | Reinsurance Group of America Inc                                             | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    710000 | PA      | $698759.92    | 0.16%             | 2055-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| SCE TRUST V                      | SCE Trust V                                                                  | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     91458 | NS      | $2097131.94   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY          | Algonquin Power & Utilities Corp                                             | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |    198232 | NS      | $5072756.88   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                                                | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1597142.18   | 0.36%             | N/A             | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC               | Ally Financial Inc                                                           | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $3061721.20   | 0.68%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                                                 | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2723688.19   | 0.61%             | N/A             | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL           | NextEra Energy Capital Holdings Inc                                          | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1876999.41   | 0.42%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                 | SBL Holdings Inc                                                             | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2981136.61   | 0.66%             | N/A             | Fixed         | 9.51%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP          | Wintrust Financial Corp                                                      | CUSIP: 97650W504<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    144000 | NS      | $3631680.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                                          | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4375000 | PA      | $4277471.71   | 0.95%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1763119.31   | 0.39%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| FULTON FINANCIAL CORP            | Fulton Financial Corp                                                        | CUSIP: 360271308<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EP               | CORP              | US        |     26200 | NS      | $466360.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO                      | Southern Co/The                                                              | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2128396.49   | 0.47%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2870480.34   | 0.64%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2214088.80   | 0.49%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP              | Fifth Third Bancorp                                                          | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    276818 | NS      | $7111454.42   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER          | American Electric Power Co Inc                                               | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1301747.53   | 0.29%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                 | Land O' Lakes Inc                                                            | CUSIP: 514666AK2<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |  11700000 | PA      | $10761462.27  | 2.40%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                                                 | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    500000 | PA      | $572094.50    | 0.13%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| UMB FINANCIAL CORP               | UMB FINANCIAL CORP                                                           | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |    112600 | NS      | $2845402.00   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $996164.80    | 0.22%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA              | Bank of Nova Scotia/The                                                      | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1770000 | PA      | $1779531.45   | 0.40%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP           | Bank of New York Mellon Corp/The                                             | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     37300 | NS      | $945182.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC         | Corebridge Financial Inc                                                     | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1829210.25   | 0.41%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5650000 | PA      | $6032736.65   | 1.34%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| AMER AGCREDIT ACA                | American AgCredit Corp                                                       | CUSIP: 02369GAA3<br>LEI: 0002558989           | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1468625.00   | 0.33%             | N/A             | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER         | Enterprise Products Operating LLC                                            | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2663459.28   | 0.59%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                      | Vistra Corp                                                                  | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    450000 | PA      | $457983.00    | 0.10%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DIME COMMUNITY BANCSHARE         | Dime Community Bancshares Inc                                                | CUSIP: 25432X201<br>LEI: 0002487650           | Long             | EP               | CORP              | US        |     91000 | NS      | $1576120.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1847402.24   | 0.41%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC              | Dominion Energy Inc                                                          | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1763508.24   | 0.39%             | N/A             | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1047329.29   | 0.23%             | N/A             | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CONNECTONE BANCORP INC           | ConnectOne Bancorp Inc                                                       | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |    111900 | NS      | $2540130.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP INC          | CNO Financial Group Inc                                                      | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |     38900 | NS      | $684251.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL                 | Bank of Montreal                                                             | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1152640.40   | 0.26%             | 2084-11-26      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                                                   | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2676402.85   | 0.60%             | N/A             | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA              | Bank of Nova Scotia/The                                                      | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2425000 | PA      | $2560858.20   | 0.57%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK           | Canadian Imperial Bank of Commerce                                           | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1610000 | PA      | $1602073.65   | 0.36%             | 2085-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS           | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   1500000 | PA      | $1442621.25   | 0.32%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN         | Rogers Communications Inc                                                    | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1660000 | PA      | $1663247.41   | 0.37%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    700000 | PA      | $694585.64    | 0.15%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COBANK ACB                       | CoBank ACB                                                                   | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |   1250000 | PA      | $1273423.75   | 0.28%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                  | Nevada Power Co                                                              | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    560000 | PA      | $552339.18    | 0.12%             | 2055-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                  | Global Atlantic Fin Co                                                       | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3580220.06   | 0.80%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                      | MetLife Inc                                                                  | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   2606000 | PA      | $3420794.57   | 0.76%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC               | Vodafone Group PLC                                                           | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $2369299.00   | 0.53%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05971PAE8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   2642000 | PA      | $2637095.13   | 0.59%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FINANCING TR I         | Provident Financing Trust I                                                  | CUSIP: 743863AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9836000 | PA      | $10439213.95  | 2.33%             | 2038-03-15      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2990459.25   | 0.67%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC           | Standard Chartered PLC                                                       | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   5700000 | PA      | $5888316.60   | 1.31%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                 | SBL Holdings Inc                                                             | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3184451.55   | 0.71%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC           | Equitable Holdings Inc                                                       | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1500554.24   | 0.33%             | 2055-03-28      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC         | Lloyds Banking Group PLC                                                     | CUSIP: 53944YAQ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   9447000 | PA      | $6599087.35   | 1.47%             | 2046-12-14      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO           | Global Atlantic Fin Co                                                       | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1748246.00   | 0.39%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                                       | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    284219 | NS      | $6446086.92   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1824581.60   | 0.41%             | N/A             | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| PARTNERRE LTD                    | PartnerRe Ltd                                                                | CUSIP: 000000000<br>LEI: 7LLHQS68KCIGNZBR7918 | Long             | EP               | CORP              | BM        |     37276 | NS      | $637717.81    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL          | Raymond James Financial Inc                                                  | CUSIP: 754730406<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EP               | CORP              | US        |     35160 | NS      | $896228.40    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |       759 | NS      | $862224.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD           | Arch Capital Group Ltd                                                       | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |     26109 | NS      | $533667.96    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                  | CVS Health Corp                                                              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1575236.52   | 0.35%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1375052.39   | 0.31%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                    | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2780000 | PA      | $2853359.84   | 0.64%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EVEREST REINSURANCE HLDG         | Everest Reinsurance Holdings Inc                                             | CUSIP: 299808AE5<br>LEI: 254900P29PM5UJR3VU91 | Long             | DBT              | CORP              | US        |    754000 | PA      | $730856.80    | 0.16%             | 2037-05-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                      | Southern Co/The                                                              | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    950000 | PA      | $967875.20    | 0.22%             | 2055-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    900000 | PA      | $870733.05    | 0.19%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KEYCORP                          | KeyCorp                                                                      | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    265788 | NS      | $6461306.28   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROU         | Affiliated Managers Group Inc                                                | CUSIP: 008252827<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     70000 | NS      | $1633100.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORP                         | FMC Corp                                                                     | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2324897.50   | 0.52%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER          | American Electric Power Co Inc                                               | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2915000 | PA      | $2987988.69   | 0.67%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC           | Standard Chartered PLC                                                       | CUSIP: 853254BX7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $979303.60    | 0.22%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund | BlackRock Liquidity Funds T-Fund                                             | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |  13903191 | NS      | $13903190.74  | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1075000 | PA      | $983910.20    | 0.22%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                                                   | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     28163 | NS      | $528056.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    950000 | PA      | $906649.60    | 0.20%             | N/A             | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK            | Toronto-Dominion Bank/The                                                    | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1177739.15   | 0.26%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3904156.08   | 0.87%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP              | Fifth Third Bancorp                                                          | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     78802 | NS      | $1895976.12   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA               | Banco Santander SA                                                           | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3800000 | PA      | $4378702.00   | 0.98%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                                                | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     61466 | NS      | $1526200.78   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHPOINTE BANCSHARES I         | Northpointe Bancshares Inc                                                   | CUSIP: 66661N308<br>LEI: 549300EYMKMD4WKEKP72 | Long             | EP               | CORP              | US        |    157000 | NS      | $3866125.00   | 0.86%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NISOURCE INC                     | NiSource Inc                                                                 | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1784771.94   | 0.40%             | 2054-11-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1661518.65   | 0.37%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| VALLEY NATIONAL BANCORP          | Valley National Bancorp                                                      | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     45126 | NS      | $1106940.78   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL           | NextEra Energy Capital Holdings Inc                                          | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1178000 | PA      | $1197133.08   | 0.27%             | 2054-09-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| UMB FINANCIAL CORP               | UMB Financial Corp                                                           | CUSIP: 902788207<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |     99224 | NS      | $2502429.28   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BELL CANADA                      | Bell Telephone Co of Canada or Bell Canada                                   | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   2200000 | PA      | $2211442.20   | 0.49%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA               | Banco Santander SA                                                           | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   3800000 | PA      | $3979219.40   | 0.89%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                 | Enstar Group Ltd                                                             | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |    141000 | NS      | $3041370.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO              | American Express Co                                                          | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1793673.99   | 0.40%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                                          | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3971716.53   | 0.88%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                  | CMS Energy Corp                                                              | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1108066.85   | 0.25%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05971PAB4<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1712000 | PA      | $1699065.33   | 0.38%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BANCORP         | Western Alliance Bancorp                                                     | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |     59000 | NS      | $1324550.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR FINANCIAL INC           | Flagstar Financial Inc                                                       | CUSIP: 649445202<br>LEI: 529900HVXOTLY61GL030 | Long             | EP               | CORP              | US        |    565254 | NS      | $12056867.82  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                                       | CUSIP: 7591EPAR1<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300505.38    | 0.07%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES         | Texas Capital Bancshares Inc                                                 | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |     83500 | NS      | $1672505.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  10769000 | PA      | $10815877.46  | 2.41%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2300000 | PA      | $2057570.34   | 0.46%             | N/A             | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP            | Truist Financial Corp                                                        | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995959.40    | 0.22%             | N/A             | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP         | Citizens Financial Group Inc                                                 | CUSIP: 174610600<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     85100 | NS      | $2202388.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DELPHI FINANCIAL GROUP           | Delphi Financial Group Inc                                                   | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |    358465 | NS      | $8647968.13   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| SCE TRUST VII                    | SCE Trust VII                                                                | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     98507 | NS      | $2256795.37   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AUST & NZ BANKING GRP/UK         | Australia & New Zealand Banking Group Ltd/United Kingdom                     | CUSIP: 05254HAA2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1738000 | PA      | $1753840.13   | 0.39%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC           | Arbor Realty Trust Inc                                                       | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |    162132 | NS      | $3310735.44   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                                           | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     66800 | NS      | $1132928.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AG                 | Deutsche Bank AG                                                             | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    800000 | PA      | $797361.52    | 0.18%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61745VAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    800000 | PA      | $810615.20    | 0.18%             | N/A             | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                | EUSHI Finance Inc                                                            | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3475000 | PA      | $3561461.02   | 0.79%             | 2054-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    177361 | NS      | $4079303.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1900000 | PA      | $1730401.25   | 0.39%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                     | AES Corp/The                                                                 | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2328999.66   | 0.52%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER          | Reinsurance Group of America Inc                                             | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |    129350 | NS      | $3329469.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83367TBU2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $291007.35    | 0.06%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1520000 | PA      | $1523937.54   | 0.34%             | N/A             | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP             | Bank of America Corp                                                         | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5045000 | PA      | $5092402.82   | 1.13%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                 | Bank of Montreal                                                             | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2210000 | PA      | $2285011.82   | 0.51%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL INSURANCE HLDS         | Universal Insurance Holdings Inc                                             | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1157124.98   | 0.26%             | 2026-11-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                      | AltaGas Ltd                                                                  | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |   1565000 | PA      | $1534541.50   | 0.34%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1125000 | PA      | $978651.79    | 0.22%             | N/A             | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1140000 | PA      | $1191828.96   | 0.27%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                                                 | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1970000 | PA      | $1902476.08   | 0.42%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP              | American International Group Inc                                             | CUSIP: 026874BS5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   5340000 | PA      | $5747331.84   | 1.28%             | 2058-05-15      | Fixed         | 8.18%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC         | Lloyds Banking Group PLC                                                     | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  15690000 | PA      | $16531313.49  | 3.68%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG         | Banco Bilbao Vizcaya Argentaria SA                                           | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   7000000 | PA      | $6752578.49   | 1.50%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                                           | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    288100 | NS      | $6724254.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2320000 | PA      | $2523276.08   | 0.56%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| THE FORTEGRA GROUP INC           | Fortegra Group Inc/The                                                       | CUSIP: 34962TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1349450.00   | 0.30%             | 2064-11-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP            | Lincoln National Corp                                                        | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1349728.75   | 0.30%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC           | Arbor Realty Trust Inc                                                       | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     29258 | NS      | $502652.44    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERA INC                        | Emera Inc                                                                    | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   6830000 | PA      | $6880623.96   | 1.53%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4920000 | PA      | $5004646.34   | 1.11%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD         | South Bow Canadian Infrastructure Holdings Ltd                               | CUSIP: 836720AH5<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   1610000 | PA      | $1607031.80   | 0.36%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3187577.60   | 0.71%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE         | First Citizens BancShares Inc/NC                                             | CUSIP: 319626305<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |     45359 | NS      | $941652.84    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP          | Valley National Bancorp                                                      | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     36872 | NS      | $915163.04    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                     | Entergy Corp                                                                 | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   3190000 | PA      | $3269373.58   | 0.73%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY          | Algonquin Power & Utilities Corp                                             | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   3200000 | PA      | $3064365.12   | 0.68%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC            | Jackson Financial Inc                                                        | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     37200 | NS      | $966456.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC              | Dominion Energy Inc                                                          | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3885000 | PA      | $4092167.63   | 0.91%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                 | Enstar Group Ltd                                                             | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   1300000 | PA      | $1319498.70   | 0.29%             | 2045-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                                              | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    660000 | PA      | $637053.07    | 0.14%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                     | ING Groep NV                                                                 | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1825000 | PA      | $1685789.93   | 0.38%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                | NatWest Group PLC                                                            | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    670000 | PA      | $712054.77    | 0.16%             | N/A             | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    674994 | NS      | $17097598.02  | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9725000 | PA      | $10168246.05  | 2.27%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                                           | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2675278.95   | 0.60%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KEYCORP                          | KeyCorp                                                                      | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    142300 | NS      | $3529040.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WESBANCO INC                     | WesBanco Inc                                                                 | CUSIP: 950810705<br>LEI: 0001070448           | Long             | EP               | CORP              | US        |    113500 | NS      | $2851120.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC         | Prudential Financial Inc                                                     | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    940000 | PA      | $981632.60    | 0.22%             | 2053-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                | Transcanada Trust                                                            | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   3700000 | PA      | $3583340.48   | 0.80%             | 2079-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP            | Lincoln National Corp                                                        | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |     50100 | NS      | $1337670.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                      | Exelon Corp                                                                  | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1119281.53   | 0.25%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                                              | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1805734.50   | 0.40%             | N/A             | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4100000 | PA      | $4066253.31   | 0.91%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                                           | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     90680 | NS      | $2239796.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280BP3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   9025000 | PA      | $9085088.45   | 2.02%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                                       | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    134000 | NS      | $3415660.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565AAN3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  11200000 | PA      | $11264859.20  | 2.51%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA               | Banco Santander SA                                                           | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  14400000 | PA      | $13828615.20  | 3.08%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FINANCE           | AXIS Specialty Finance LLC                                                   | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2045000 | PA      | $1941814.21   | 0.43%             | 2040-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL              | Synchrony Financial                                                          | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    130000 | NS      | $2314000.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSTAR FINANCE LLC               | Enstar Finance LLC                                                           | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1651396.18   | 0.37%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                                           | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5660000 | PA      | $5698476.68   | 1.27%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1890598.05   | 0.42%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1833857.63   | 0.41%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05962GAJ8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1660000 | PA      | $1669900.24   | 0.37%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC         | Liberty Mutual Group Inc                                                     | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |  20983000 | PA      | $23766722.28  | 5.29%             | 2037-03-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK MORTGAGE TRUST          | New York Mortgage Trust Inc                                                  | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     70000 | NS      | $1507800.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE FINANCE LLC              | Carlyle Finance LLC                                                          | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     35800 | NS      | $603946.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC              | Dominion Energy Inc                                                          | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2515000 | PA      | $2524227.96   | 0.56%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    955000 | PA      | $1001099.76   | 0.22%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                                                 | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |    102200 | NS      | $2530472.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3104644.98   | 0.69%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                 | Duke Energy Corp                                                             | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2865905.85   | 0.64%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1384323.20   | 0.31%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA               | Credit Agricole SA                                                           | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1130000 | PA      | $1040704.80   | 0.23%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT         | Apollo Global Management Inc                                                 | CUSIP: 03769M205<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    112920 | NS      | $2908819.20   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC               | Voya Financial Inc                                                           | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |     77000 | NS      | $1857240.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR REAL ESTATE FIN              | KKR Real Estate Finance Trust Inc                                            | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |    229900 | NS      | $4345110.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3076085.68   | 0.69%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** Flaherty & Crumrine Dynamic Preferred & Income Fund Inc

**Signature:** Bradford Stone

**Name of Signer:** Bradford Stone

**Title:** Chief Financial Officer, Treasurer and Vice President