# EDGAR Filing Document

**Accession Number:** 0001559109
**File Stem:** 0001752724-23-073269
**Filing Date:** 2023-3
**Character Count:** 74756
**Document Hash:** 86da6fa78ba2c1234fe519fda76a1534
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073269.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073269

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETFis Series Trust I
- **CENTRAL INDEX KEY:** 0001559109
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22819
- **FILM NUMBER:** 23778038

**BUSINESS ADDRESS:**
- **STREET 1:** 1540 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 347-903-7347

**MAIL ADDRESS:**
- **STREET 1:** 1540 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ETF Actively Managed Trust
- **DATE OF NAME CHANGE:** 20120926

## Series and Classes Contracts Data

### Virtus InfraCap U.S. Preferred Stock ETF (Series ID: S000059080)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000193703 | Virtus InfraCap U.S. Preferred Stock ETF | PFFA            |

## Nport-Ex

Schedule of Investments - Virtus InfraCap U.S. Preferred Stock ETF

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS - 128.6%** |  |  |
| **Communication Services - 4.1%** |  |  |
| Liberty Broadband Corp., Series A, 7.00%<sup>(1)</sup> | 48912 | $1156769 |
| Qwest Corp., 6.50%<sup>(1)</sup> | 68411 | 1409266 |
| Qwest Corp., 6.75% | 38758 | 812755 |
| Telephone and Data Systems, Inc., Series UU, 6.63%<sup>(1)</sup> | 237331 | 4592355 |
| Telephone and Data Systems, Inc., Series VV, 6.00%<sup>(1)</sup> | 629843 | 10908881 |
| United States Cellular Corp., 5.50%<sup>(1)</sup> | 161715 | 3012072 |
| United States Cellular Corp., 6.25% | 89497 | 1770251 |
| Total Communication Services |  | 23662349 |
| **Consumer Discretionary - 3.7%** |  |  |
| Ford Motor Co., 6.00%<sup>(1)</sup> | 531263 | 13154072 |
| Ford Motor Co., 6.20%<sup>(1)</sup> | 156961 | 3905190 |
| Ford Motor Co., 6.50%<sup>(1)</sup> | 175095 | 4267065 |
| Total Consumer Discretionary |  | 21326327 |
| **Energy - 21.3%** |  |  |
| Crestwood Equity Partners LP, 9.25%<sup>(1)</sup> | 2812274 | 26266639 |
| DCP Midstream LP, Series B, 7.88%<sup>(1)</sup> | 816410 | 20565368 |
| DCP Midstream LP, Series C, 7.95%<sup>(1)</sup> | 68288 | 1715395 |
| Enbridge, Inc., Series 1, 5.95% (Canada) | 2008 | 44006 |
| Energy Transfer LP, Series C, 7.38%<sup>(1)</sup> | 49118 | 1171464 |
| Energy Transfer LP, Series D, 7.63%<sup>(1)</sup> | 136279 | 3296589 |
| Energy Transfer LP, Series E, 7.60%<sup>(1)</sup> | 113526 | 2724624 |
| GasLog Partners LP, Series A, 8.63% (Greece)<sup>(1)</sup> | 373372 | 8945993 |
| GasLog Partners LP, Series B, 8.20% (Greece)<sup>(1)</sup> | 213456 | 5184846 |
| Golar LNG Partners LP, Series A, 8.75% (United Kingdom)<sup>(1)</sup> | 47750 | 859500 |
| NuStar Energy LP, Series A, 11.50%<sup>(1)</sup> | 793363 | 19849942 |
| NuStar Energy LP, Series B, 10.38%<sup>(1)</sup> | 659630 | 15329801 |
| NuStar Energy LP, Series C, 11.65%<sup>(1)</sup> | 664407 | 16875938 |
| Total Energy |  | 122830105 |
| **Financials - 35.2%<sup>†</sup>** |  |  |
| Affiliated Managers Group, Inc., 4.20%<sup>(1)</sup> | 2885 | 51324 |
| AG Mortgage Investment Trust, Inc., Series C, 8.00%<sup>(1)</sup> | 184363 | 3430995 |
| AGNC Investment Corp., Series D, 6.88%<sup>(1)</sup> | 21891 | 487513 |
| AGNC Investment Corp., Series G, 7.75%<sup>(1)</sup> | 157661 | 3648275 |
| Allstate Corp., 7.99% | 6290 | 158508 |
| American Equity Investment Life Holding Co., Series A, 5.95%<sup>(1)</sup> | 3990 | 95840 |
| Arbor Realty Trust, Inc., Series E, 6.25%<sup>(1)</sup> | 27906 | 576259 |
| Argo Group International Holdings Ltd., 7.00% | 7303 | 168407 |
| ARMOUR Residential REIT, Inc., Series C, 7.00%<sup>(1)</sup> | 326672 | 7059382 |
| Athene Holding Ltd., Series D, 4.88% | 6885 | 137769 |
| Athene Holding Ltd., Series E, 7.75%\* | 10223 | 269785 |
| Atlanticus Holdings Corp., Series B, 7.63%<sup>(1)</sup> | 19969 | 424341 |
| B Riley Financial, Inc., 5.25%<sup>(1)</sup> | 42862 | 910389 |
| B Riley Financial, Inc., 6.00%<sup>(1)</sup> | 76347 | 1690323 |
| B Riley Financial, Inc., 6.38%<sup>(1)</sup> | 105543 | 2515090 |
| B Riley Financial, Inc., Series B, 7.38%<sup>(1)</sup> | 37084 | 923392 |

---

---

| | | |
|:---|:---|:---|
| Bank of America Corp., Series QQ, 4.25%<sup>(1)</sup> | 1179 | 22814 |
| Bank OZK, Series A, 4.63%<sup>(1)</sup> | 214534 | 4022512 |
| Brighthouse Financial, Inc., Series C, 5.38% | 44310 | 899493 |
| Brighthouse Financial, Inc., Series D, 4.63%<sup>(1)</sup> | 47328 | 869415 |
| Brookfield Finance, Inc., Series 50, 4.63% (Canada)<sup>(1)</sup> | 18035 | 343386 |
| Chimera Investment Corp., Series A, 8.00%<sup>(1)</sup> | 288834 | 6383231 |
| Chimera Investment Corp., Series B, 8.00%<sup>(1)</sup> | 326540 | 7304700 |
| Chimera Investment Corp., Series C, 7.75%<sup>(1)</sup> | 313316 | 6397913 |
| Chimera Investment Corp., Series D, 8.00%<sup>(1)</sup> | 347998 | 7614196 |
| CNO Financial Group, Inc., 5.13%<sup>(1)</sup> | 1562 | 28397 |
| Compass Diversified Holdings, Series A, 7.25%<sup>(1)</sup> | 227787 | 5694675 |
| Compass Diversified Holdings, Series B, 7.88%<sup>(1)</sup> | 18540 | 465725 |
| Compass Diversified Holdings, Series C, 7.88% | 7418 | 187601 |
| Dime Community Bancshares, Inc., 5.50% | 7630 | 165571 |
| Dynex Capital, Inc., Series C, 6.90%<sup>(1)</sup> | 5953 | 136621 |
| Ellington Financial, Inc., 6.75%<sup>(1)</sup> | 413417 | 9062101 |
| Enstar Group Ltd., Series D, 7.00%<sup>(1)</sup> | 78696 | 1891065 |
| Enstar Group Ltd., Series E, 7.00% | 4004 | 96897 |
| Enterprise Financial Services Corp., Series A, 5.00%<sup>(1)</sup> | 123117 | 2419249 |
| First Horizon Corp., Series D, 6.10%<sup>(1)</sup> | 6905 | 170208 |
| First Republic Bank, Series M, 4.00%<sup>(1)</sup> | 75057 | 1372042 |
| First Republic Bank, Series N, 4.50%<sup>(1)</sup> | 61281 | 1216428 |
| Invesco Mortgage Capital, Inc., Series B, 7.75%<sup>(1)</sup> | 217200 | 4939128 |
| Invesco Mortgage Capital, Inc., Series C, 7.50%<sup>(1)</sup> | 272466 | 6108688 |
| Kemper Corp., 5.88%<sup>(1)</sup> | 122324 | 2798773 |
| Merchants Bancorp, Series B, 6.00%<sup>(1)</sup> | 20132 | 483168 |
| Merchants Bancorp, Series C, 6.00%<sup>(1)</sup> | 87824 | 2135880 |
| MFA Financial, Inc., Series B, 7.50%<sup>(1)</sup> | 233276 | 4775160 |
| MFA Financial, Inc., Series C, 6.50%<sup>(1)</sup> | 479030 | 9360246 |
| Morgan Stanley, Series O, 4.25%<sup>(1)</sup> | 17079 | 340555 |
| Navient Corp., 6.00%<sup>(1)</sup> | 15208 | 309787 |
| New York Community Capital Trust V, 6.00%<sup>(1)</sup> | 5469 | 245613 |
| New York Mortgage Trust, Inc., Series D, 8.00%<sup>(1)</sup> | 730816 | 15208281 |
| New York Mortgage Trust, Inc., Series E, 7.88%<sup>(1)</sup> | 496977 | 11047799 |
| New York Mortgage Trust, Inc., Series F, 6.88%<sup>(1)</sup> | 99923 | 1889544 |
| Oaktree Capital Group LLC, Series A, 6.63% | 10572 | 252776 |
| Oaktree Capital Group LLC, Series B, 6.55% | 8333 | 199742 |
| Oxford Lane Capital Corp., Series 2029, 6.00%<sup>(1)</sup> | 41935 | 907893 |
| PacWest Bancorp, Series A, 7.75%<sup>(1)</sup> | 180649 | 4675196 |
| PennyMac Mortgage Investment Trust, Series A, 8.13%<sup>(1)</sup> | 106493 | 2577131 |
| PennyMac Mortgage Investment Trust, Series B, 8.00%<sup>(1)</sup> | 404200 | 9563372 |
| PennyMac Mortgage Investment Trust, Series C, 6.75%<sup>(1)</sup> | 66517 | 1320362 |

---

Schedule of Investments - Virtus InfraCap U.S. Preferred Stock ETF (continued)

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS (continued)** |  |  |
| **Financials (continued)** |  |  |
| Prospect Capital Corp., Series A, 5.35%<sup>(1)</sup> | 353776 | $6056645 |
| Redwood Trust, Inc., 10.00%\* | 52112 | 1304884 |
| Rithm Capital Corp., Series D, 7.00%<sup>(1)</sup> | 39079 | 826912 |
| RiverNorth Opportunities Fund, Inc., Series A, 6.00%<sup>(1)</sup> | 55715 | 1337717 |
| Signature Bank, Series A, 5.00%<sup>(1)</sup> | 21160 | 401194 |
| SLM Corp., Series B, 6.47% | 89806 | 5812244 |
| Synchrony Financial, Series A, 5.63% | 245117 | 4855768 |
| Synovus Financial Corp., Series D, 6.30%<sup>(1)</sup> | 5988 | 149101 |
| Texas Capital Bancshares, Inc., Series B, 5.75%<sup>(1)</sup> | 25041 | 568431 |
| Two Harbors Investment Corp., Series A, 8.13%<sup>(1)</sup> | 31298 | 697945 |
| Two Harbors Investment Corp., Series B, 7.63%<sup>(1)</sup> | 337434 | 7096237 |
| Two Harbors Investment Corp., Series C, 7.25%<sup>(1)</sup> | 541268 | 11496532 |
| US Bancorp, Series A, 5.85% | 4252 | 3405852 |
| Total Financials |  | 202460388 |
| **Health Care - 0.1%** |  |  |
| XOMA Corp., Series A, 8.63%<sup>(1)</sup> | 21325 | 536324 |
| **Industrials - 16.7%** |  |  |
| Air Lease Corp., Series A, 6.15%<sup>(1)</sup> | 9861 | 242482 |
| Alta Equipment Group, Inc., Series A, 10.00%<sup>(1)</sup> | 2334 | 61221 |
| Atlas Corp., Series H, 7.88% (Canada)<sup>(1)</sup> | 39337 | 892557 |
| Atlas Corp., Series I, 8.00% (Canada)<sup>(1)</sup> | 528085 | 12409997 |
| Babcock & Wilcox Enterprises, Inc., 6.50%<sup>(1)</sup> | 31042 | 700928 |
| Babcock & Wilcox Enterprises, Inc., 8.13%<sup>(1)</sup> | 432237 | 10702188 |
| Babcock & Wilcox Enterprises, Inc., Series A, 7.75%<sup>(1)</sup> | 1089439 | 19479169 |
| FTAI Aviation Ltd., Series A, 8.25%<sup>(1)</sup> | 29298 | 705203 |
| FTAI Aviation Ltd., Series B, 8.00%<sup>(1)</sup> | 647052 | 15205722 |
| FTAI Aviation Ltd., Series C, 8.25% | 27333 | 642052 |
| Pitney Bowes, Inc., 6.70%<sup>(1)</sup> | 358147 | 7030426 |
| Textainer Group Holdings Ltd., 7.00% (China) | 10594 | 253197 |
| Textainer Group Holdings Ltd., Series B, 6.25% (China)<sup>(1)</sup> | 281074 | 6381082 |
| Triton International Ltd., 6.88% (Bermuda)<sup>(1)</sup> | 191319 | 4930291 |
| Triton International Ltd., 7.38% (Bermuda)<sup>(1)</sup> | 399020 | 10254814 |
| Triton International Ltd., 8.00% (Bermuda)<sup>(1)</sup> | 3271 | 82822 |
| Triton International Ltd., Series E, 5.75% (Bermuda)<sup>(1)</sup> | 233588 | 5255730 |
| WESCO International, Inc., Series A, 10.63% | 44722 | 1216438 |
| Total Industrials |  | 96446319 |
| **Real Estate - 35.2%<sup>†</sup>** |  |  |
| Braemar Hotels & Resorts, Inc., Series B, 5.50%<sup>(1)</sup> | 454413 | 7729565 |
| Braemar Hotels & Resorts, Inc., Series D, 8.25%<sup>(1)</sup> | 40076 | 991480 |
| Brookfield Property Partners LP, Series A, 5.75%<sup>(1)</sup> | 113247 | 2065625 |
| Brookfield Property Partners LP, Series A-1, 6.50%<sup>(1)</sup> | 20822 | 420188 |
| Brookfield Property Partners LP, Series A2, 6.38%<sup>(1)</sup> | 29266 | 581515 |
| Brookfield Property Preferred LP, 6.25% | 20557 | 391200 |
| City Office REIT, Inc., Series A, 6.63%<sup>(1)</sup> | 43235 | 951602 |
| CTO Realty Growth, Inc., Series A, 6.38%<sup>(1)</sup> | 77888 | 1695193 |
| DiamondRock Hospitality Co., 8.25%<sup>(1)</sup> | 219537 | 5655273 |
| DigitalBridge Group, Inc., Series H, 7.13%<sup>(1)</sup> | 367520 | 8254499 |
| DigitalBridge Group, Inc., Series I, 7.15%<sup>(1)</sup> | 832665 | 18743289 |
| DigitalBridge Group, Inc., Series J, 7.13%<sup>(1)</sup> | 263594 | 5864967 |
| Diversified Healthcare Trust, 5.63%<sup>(1)</sup> | 377409 | 4962928 |
| Diversified Healthcare Trust, 6.25%<sup>(1)</sup> | 325364 | 4649452 |
| EPR Properties, Series C, 5.75%<sup>(1)</sup> | 81093 | 1617805 |
| EPR Properties, Series E, 9.00%<sup>(1)</sup> | 492417 | 13861539 |
| EPR Properties, Series G, 5.75%<sup>(1)</sup> | 234148 | 4734473 |
| Equity Commonwealth, Series D, 6.50%<sup>(1)</sup> | 61693 | 1579958 |
| Global Net Lease, Inc., Series A, 7.25%<sup>(1)</sup> | 300335 | 7178007 |
| Global Net Lease, Inc., Series B, 6.88%<sup>(1)</sup> | 303807 | 7160731 |
| Healthcare Trust, Inc., Series B, 7.13%<sup>(1)</sup> | 209898 | 4552688 |
| Hersha Hospitality Trust, Series D, 6.50%<sup>(1)</sup> | 86258 | 1776052 |
| Hersha Hospitality Trust, Series E, 6.50%<sup>(1)</sup> | 52114 | 1081887 |
| Hudson Pacific Properties, Inc., Series C, 4.75% | 44828 | 669730 |
| iStar, Inc., Series I, 7.50%<sup>(1)</sup> | 216833 | 5442508 |
| LXP Industrial Trust, Series C, 6.50%<sup>(1)</sup> | 16309 | 790497 |
| Necessity Retail REIT, Inc., Series A, 7.50%<sup>(1)</sup> | 946952 | 22537458 |
| Necessity Retail REIT, Inc., Series C, 7.38%<sup>(1)</sup> | 211129 | 4917194 |
| Office Properties Income Trust, 6.38% | 49607 | 1023888 |
| Pebblebrook Hotel Trust, Series E, 6.38%<sup>(1)</sup> | 28272 | 593712 |
| Pebblebrook Hotel Trust, Series F, 6.30%<sup>(1)</sup> | 222652 | 4730242 |
| Pebblebrook Hotel Trust, Series G, 6.38%<sup>(1)</sup> | 68085 | 1435913 |
| Pebblebrook Hotel Trust, Series H, 5.70%<sup>(1)</sup> | 41967 | 807025 |
| Public Storage, Series R, 4.00%<sup>(1)</sup> | 61227 | 1154129 |
| RLJ Lodging Trust, Series A, 1.95%<sup>(1)</sup> | 922634 | 23305735 |
| RPT Realty, Series D, 7.25%<sup>(1)</sup> | 191479 | 9549058 |
| Saul Centers, Inc., Series E, 6.00%<sup>(1)</sup> | 326629 | 7502668 |
| SITE Centers Corp., Series A, 6.38%<sup>(1)</sup> | 2745 | 68735 |
| SL Green Realty Corp., Series I, 6.50% | 23416 | 532012 |
| Summit Hotel Properties, Inc., Series E, 6.25%<sup>(1)</sup> | 184196 | 4212526 |
| Summit Hotel Properties, Inc., Series F, 5.88%<sup>(1)</sup> | 57563 | 1261205 |
| Sunstone Hotel Investors, Inc., Series H, 6.13% | 7333 | 157293 |
| Sunstone Hotel Investors, Inc., Series I, 5.70%<sup>(1)</sup> | 45103 | 928671 |
| UMH Properties, Inc., Series D, 6.38% | 13694 | 316605 |
| Urstadt Biddle Properties, Inc., Series K, 5.88%<sup>(1)</sup> | 163445 | 3585983 |
| Vornado Realty Trust, Series L, 5.40% | 5416 | 103337 |
| Vornado Realty Trust, Series M, 5.25% | 18227 | 343397 |
| Vornado Realty Trust, Series N, 5.25% | 8587 | 156026 |
| Total Real Estate |  | 202625463 |

---

Schedule of Investments - Virtus InfraCap U.S. Preferred Stock ETF (continued)

January 31, 2023 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS (continued)** |  |  |
| **Utilities - 12.3%** |  |  |
| Algonquin Power & Utilities Corp., 7.75% (Canada)<sup>(1)</sup> | 495499 | $13403248 |
| DTE Energy Co., 4.38%<sup>(1)</sup> | 3305 | 67719 |
| NextEra Energy, Inc., 6.22% | 8149 | 390255 |
| NiSource, Inc., 7.75% | 5845 | 616940 |
| Pacific Gas and Electric Co., Series A, 6.00% | 11672 | 252349 |
| SCE Trust II, 5.10%<sup>(1)</sup> | 3736 | 78381 |
| SCE Trust III, Series H, 5.75%<sup>(1)</sup> | 1148168 | 25661555 |
| SCE Trust IV, Series J, 5.38%<sup>(1)</sup> | 128638 | 2585624 |
| SCE Trust V, Series K, 5.45%<sup>(1)</sup> | 27909 | 620417 |
| SCE Trust VI, 5.00%<sup>(1)</sup> | 704479 | 14639074 |
| South Jersey Industries, Inc., 5.63%<sup>(1)</sup> | 5486 | 86624 |
| UGI Corp., 7.25%<sup>(1)</sup> | 133924 | 12250028 |
| Total Utilities |  | 70652214 |
| **TOTAL INVESTMENTS - 128.6%** |  |  |
| (Cost $794,134,650) |  | **740539489** |
| Liabilities in Excess of Other Assets - (28.6)% |  | (164521932) |
| **Net Assets - 100.0%** |  | $**576017557** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| † | Amounts represent investments in particular sectors. No industry within these sectors represented more than 25% of the Fund's total assets at the time of investment. |
| (1) | Security, or a portion thereof, has been pledged as collateral for borrowings. The aggregate market value of the collateral at January 31, 2023 was $545,427,750. |

---

**Fair Value Measurements**

The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 includes unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes valuation of the Fund's investments under the fair value hierarchy levels as of January 31, 2023.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Preferred Stocks | $740539489 | $— | $— | $740539489 |
| Total | $740539489 | $— | $— | $740539489 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETFis Series Trust I

- **b. Investment Company Act file number:** 811-22819

- **c. CIK number of Registrant:** 0001559109

- **d. LEI of Registrant:** 5493002CWTVLBPSYFT98

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

  - **Street Address 1:** 31 West 52nd Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 347-903-7347

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

- **a. Name of Series:** Virtus InfraCap U.S. Preferred Stock ETF

- **b. EDGAR series identifier (if any):** S000059080

- **c. LEI of Series:** 549300MWBLUUH494LE10

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $747060364.31

**Total Liabilities:** $171042462.19

**Net Assets:** $576017902.12

**Cash Not Reported:** $4410276.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193703 | 5.02%                | -5.62%               | 17.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-695863.84              | $20075538.90                               |
| Month 2  | $-1703112.68             | $-30583558.12                              |
| Month 3  | $-86576.27               | $80004398.48                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHIMERA INVESTMENT CORP  | CHIMERA INVESTMENT CORP                    | CUSIP: 16934Q307<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    288834 | NS      | $6383231.40   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN | Brighthouse Financial Inc                  | CUSIP: 10922N889<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |     47328 | NS      | $869415.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                    | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    222652 | NS      | $4730241.74   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST  | New York Mortgage Trust Inc                | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    496977 | NS      | $11047798.71  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC  | DigitalBridge Group Inc                    | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    367520 | NS      | $8254499.20   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                     | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     61281 | NS      | $1216427.85   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP     | Bank of America Corp                       | CUSIP: 06055H806<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      1179 | NS      | $22813.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS | Sunstone Hotel Investors Inc               | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |      7333 | NS      | $157292.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC  | DigitalBridge Group Inc                    | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    832665 | NS      | $18743289.15  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC        | MFA Financial Inc                          | CUSIP: 55272X409<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    233276 | NS      | $4775159.72   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| XOMA CORP                | XOMA Corp                                  | CUSIP: 98419J305<br>LEI: 549300U6ZVYFCWNBJ613 | Long             | EP               | CORP              | US        |     21325 | NS      | $536323.75    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGO GROUP INTERNATIONAL | Argo Group International Holdings Ltd      | CUSIP: 040128209<br>LEI: 549300M4T8Y5TTWI6O03 | Long             | EP               | CORP              | BM        |      7303 | NS      | $168407.18    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NY COMMUNITY CAP TRUST V | New York Community Capital Trust V         | CUSIP: 64944P307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      5469 | NS      | $245612.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                 | SLM Corp                                   | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     89806 | NS      | $5812244.32   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC   | Arbor Realty Trust Inc                     | CUSIP: 038923868<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     27906 | NS      | $576258.90    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR | Babcock & Wilcox Enterprises Inc           | CUSIP: 05614L407<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |   1089439 | NS      | $19479169.32  | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP     | Two Harbors Investment Corp                | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     31298 | NS      | $697945.40    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES           | EPR Properties                             | CUSIP: 26884U208<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |     81093 | NS      | $1617805.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| US CELLULAR CORP         | United States Cellular Corp                | CUSIP: 911684801<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |     85095 | NS      | $1578512.25   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ISTAR INC                | iStar Inc                                  | CUSIP: 45031U804<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EP               | CORP              | US        |    216833 | NS      | $5442508.30   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC        | MFA Financial Inc                          | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    479030 | NS      | $9360246.20   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP               | Qwest Corp                                 | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     68411 | NS      | $1409266.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORP       | First Horizon Corp                         | CUSIP: 320517808<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |      6905 | NS      | $170208.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP   | Liberty Broadband Corp                     | CUSIP: 530307503<br>LEI: 549300MIX43II8JLN536 | Long             | EP               | CORP              | US        |     48912 | NS      | $1156768.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST        | RLJ Lodging Trust                          | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    922634 | NS      | $23305734.84  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST II             | SCE Trust II                               | CUSIP: 78407R204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      3736 | NS      | $78381.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PART | Brookfield Property Partners LP            | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | US        |    113247 | NS      | $2065625.28   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP        | Merchants Bancorp/IN                       | CUSIP: 58844R603<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |     20132 | NS      | $483168.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST  | New York Mortgage Trust Inc                | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     99923 | NS      | $1889543.93   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN | Brighthouse Financial Inc                  | CUSIP: 10922N707<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |     44310 | NS      | $899493.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORP           | Air Lease Corp                             | CUSIP: 00912X500<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |      9861 | NS      | $242481.99    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                 | UGI Corp                                   | CUSIP: 902681113<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EP               | CORP              | US        |    133924 | NS      | $12250028.28  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                      | CUSIP: 05580M868<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    105543 | NS      | $2515089.69   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTA EQUIPMENT GROUP     | Alta Equipment Group Inc                   | CUSIP: 02128L205<br>LEI: 549300DGOB28CLGS1X27 | Long             | EP               | CORP              | US        |      2334 | NS      | $61220.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP       | Rithm Capital Corp                         | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     39079 | NS      | $826911.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITY COMMONWEALTH      | Equity Commonwealth                        | CUSIP: 294628201<br>LEI: 549300YPGVU9PR4L0606 | Long             | EP               | CORP              | US        |     61693 | NS      | $1579957.73   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP     | Two Harbors Investment Corp                | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    541268 | NS      | $11496532.32  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DYNEX CAPITAL INC        | Dynex Capital Inc                          | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |      5953 | NS      | $136621.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T | Diversified Healthcare Trust               | CUSIP: 25525P206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    377409 | NS      | $4962928.35   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP     | Two Harbors Investment Corp                | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    337434 | NS      | $7096237.02   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSTAR GROUP LTD         | Enstar Group Ltd                           | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |     78696 | NS      | $1891064.88   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD FINANCE INC   | Brookfield Finance Inc                     | CUSIP: 11271L102<br>LEI: 549300XH8D8K6OYWGD17 | Long             | EP               | CORP              | CA        |     18035 | NS      | $343386.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                         | CUSIP: 29273V506<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    136279 | NS      | $3296589.01   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP  | CHIMERA INVESTMENT CORP                    | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    326540 | NS      | $7304699.80   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD        | FTAI Aviation Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    647052 | NS      | $15205722.00  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR ENERGY LP         | NuStar Energy LP                           | CUSIP: 67058H201<br>LEI: 5493003BMLTUIEG2LG44 | Long             | EP               | CORP              | US        |    793363 | NS      | $19849942.26  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| DCP MIDSTREAM LP         | DCP Midstream LP                           | CUSIP: 23311P308<br>LEI: 52990024YYS3MLGW0E91 | Long             | EP               | CORP              | US        |     68288 | NS      | $1715394.56   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GASLOG PARTNERS LP       | GasLog Partners LP                         | CUSIP: 000000000<br>LEI: 5299004R0RSGEG82BS06 | Long             | EP               | CORP              | GR        |    373372 | NS      | $8945993.12   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO MORTGAGE CAPITAL | INVESCO MORTGAGE CAPITAL                   | CUSIP: 46131B407<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |    217200 | NS      | $4939128.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT | PENNYMAC MTGE INVESTMENT                   | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    106493 | NS      | $2577130.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| US CELLULAR CORP         | United States Cellular Corp                | CUSIP: 911684884<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |     76620 | NS      | $1433560.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DCP MIDSTREAM LP         | DCP Midstream LP                           | CUSIP: 23311P209<br>LEI: 52990024YYS3MLGW0E91 | Long             | EP               | CORP              | US        |    816410 | NS      | $20565367.90  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES CELLULAR C | United States Cellular Corp                | CUSIP: 911684702<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |     89497 | NS      | $1770250.66   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOVUS FINANCIAL CORP   | Synovus Financial Corp                     | CUSIP: 87161C600<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |      5988 | NS      | $149101.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST     | Vornado Realty Trust                       | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      5416 | NS      | $103337.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RPT REALTY               | RPT Realty                                 | CUSIP: 74971D200<br>LEI: 549300T03GDH1L37S188 | Long             | EP               | CORP              | US        |    191479 | NS      | $9549057.73   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC     | Global Net Lease Inc                       | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    303807 | NS      | $7160730.99   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT | PENNYMAC MTGE INVESTMENT                   | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    404200 | NS      | $9563372.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLAR LNG PARTNERS LP    | Golar LNG Partners LP                      | CUSIP: 000000000<br>LEI: 213800RHYQNJR5AC9P81 | Long             | EP               | CORP              | GB        |     47750 | NS      | $859500.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST  | New York Mortgage Trust Inc                | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    730816 | NS      | $15208280.96  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY       | Ford Motor Co                              | CUSIP: 345370811<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |    175095 | NS      | $4267065.15   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING | Compass Diversified Holdings               | CUSIP: 20451Q401<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |      7418 | NS      | $187601.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST REPUBLIC BANK      | First Republic Bank/CA                     | CUSIP: 33616C720<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     75057 | NS      | $1372041.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    233588 | NS      | $5255730.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| OXFORD LANE CAPITAL CORP | Oxford Lane Capital Corp                   | CUSIP: 691543805<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EP               | CORP              | US        |     41935 | NS      | $907892.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC GAS&ELEC         | Pacific Gas and Electric Co                | CUSIP: 694308206<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | EP               | CORP              | US        |     11672 | NS      | $252348.64    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD        | FTAI Aviation Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     29298 | NS      | $705202.86    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |      3271 | NS      | $82821.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST     | LXP Industrial Trust                       | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |     16309 | NS      | $790497.23    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORP             | Navient Corp                               | CUSIP: 63938C405<br>LEI: 54930067J0ZNOEBRW338 | Long             | EP               | CORP              | US        |     15208 | NS      | $309786.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC        | Redwood Trust Inc                          | CUSIP: 758075808<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |     52112 | NS      | $1304884.48   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OFFICE PPTY INCOME TRST  | Office Properties Income Trust             | CUSIP: 67623C208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     49607 | NS      | $1023888.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHA HOSPITALITY TRUST | Hersha Hospitality Trust                   | CUSIP: 427825708<br>LEI: 549300DNC58BIN1VO064 | Long             | EP               | CORP              | US        |     52114 | NS      | $1081886.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING | Compass Diversified Holdings               | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |     18540 | NS      | $465724.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS     | Telephone and Data Systems Inc             | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    629843 | NS      | $10908880.76  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP | Atlanticus Holdings Corp                   | CUSIP: 04914Y201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     19969 | NS      | $424341.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC             | NiSource Inc                               | CUSIP: 65473P121<br>LEI: 549300D8GOWWH0SJB189 | Long             | EP               | CORP              | US        |      5845 | NS      | $616939.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP     | AGNC Investment Corp                       | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    157661 | NS      | $3648275.54   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HERSHA HOSPITALITY TRUST | Hersha Hospitality Trust                   | CUSIP: 427825609<br>LEI: 549300DNC58BIN1VO064 | Long             | EP               | CORP              | US        |     86258 | NS      | $1776052.22   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES  | Summit Hotel Properties Inc                | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |     57563 | NS      | $1261205.33   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES           | EPR Properties                             | CUSIP: 26884U307<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    492417 | NS      | $13861538.55  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP            | Allstate Corp/The                          | CUSIP: 020002309<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |      6290 | NS      | $158508.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD       | Athene Holding Ltd                         | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |     10223 | NS      | $269784.97    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| URSTADT BIDDLE PROPERTIE | Urstadt Biddle Properties Inc              | CUSIP: 917286874<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EP               | CORP              | US        |    163445 | NS      | $3585983.30   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPECT CAPITAL CORP    | Prospect Capital Corp                      | CUSIP: 74348T565<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EP               | CORP              | US        |    353776 | NS      | $6056645.12   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT         | City Office REIT Inc                       | CUSIP: 178587200<br>LEI: 5493003J7157VP25NL57 | Long             | EP               | CORP              | US        |     43235 | NS      | $951602.35    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTIAL REIT  | ARMOUR Residential REIT Inc                | CUSIP: 042315606<br>LEI: 549300K0WA0EJUX74V72 | Long             | EP               | CORP              | US        |    326672 | NS      | $7059381.92   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR ENERGY LP         | NuStar Energy LP                           | CUSIP: 67058H300<br>LEI: 5493003BMLTUIEG2LG44 | Long             | EP               | CORP              | US        |    659630 | NS      | $15329801.20  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH PROPERTIES INC       | UMH Properties Inc                         | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               | CORP              | US        |     13694 | NS      | $316605.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE           | Public Storage                             | CUSIP: 74460W420<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     61227 | NS      | $1154128.95   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                      | CUSIP: 05580M819<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     42862 | NS      | $910388.88    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY       | Ford Motor Co                              | CUSIP: 345370845<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |    156961 | NS      | $3905189.68   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD        | FTAI Aviation Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     27333 | NS      | $642052.17    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS | Braemar Hotels & Resorts Inc               | CUSIP: 10482B309<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |     40076 | NS      | $991480.24    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP        | Merchants Bancorp/IN                       | CUSIP: 58844R702<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |     87824 | NS      | $2135879.68   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD       | Athene Holding Ltd                         | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |      6885 | NS      | $137768.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                    | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     68085 | NS      | $1435912.65   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL      | Ellington Financial Inc                    | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |    413417 | NS      | $9062100.64   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARE | Dime Community Bancshares Inc              | CUSIP: 25432X201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      7630 | NS      | $165571.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL      | Synchrony Financial                        | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    245117 | NS      | $4855767.77   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY       | Ford Motor Co                              | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |    531263 | NS      | $13154071.88  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC         | Saul Centers Inc                           | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    326629 | NS      | $7502668.13   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR &          | Algonquin Power & Utilities Corp           | CUSIP: 015857873<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |    495499 | NS      | $13403247.95  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T | Diversified Healthcare Trust               | CUSIP: 25525P305<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    325364 | NS      | $4649451.56   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| NUSTAR ENERGY LP         | NuStar Energy LP                           | CUSIP: 67058H409<br>LEI: 5493003BMLTUIEG2LG44 | Long             | EP               | CORP              | US        |    664407 | NS      | $16875937.80  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC       | NextEra Energy Inc                         | CUSIP: 65339F739<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8149 | NS      | $390255.61    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NECESSITY RETAIL REIT IN | Necessity Retail REIT Inc/The              | CUSIP: 02607T406<br>LEI: 549300GN4H0K3IUS8983 | Long             | EP               | CORP              | US        |    946952 | NS      | $22537457.60  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PART | Brookfield Property Partners LP            | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | US        |     20822 | NS      | $420187.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    191319 | NS      | $4930290.63   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE FINANCIAL SER | Enterprise Financial Services Corp         | CUSIP: 293712303<br>LEI: 5493001XTU5DLD632129 | Long             | EP               | CORP              | US        |    123117 | NS      | $2419249.05   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE | Hudson Pacific Properties Inc              | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     44828 | NS      | $669730.32    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR | Babcock & Wilcox Enterprises Inc           | CUSIP: 05614L506<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |     31042 | NS      | $700928.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE CENTERS CORP        | SITE Centers Corp                          | CUSIP: 82981J877<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EP               | CORP              | US        |      2745 | NS      | $68734.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CRESTWOOD EQUITY PARTNER | Crestwood Equity Partners LP               | CUSIP: 226344307<br>LEI: 549300CUY0F1TYDLDL45 | Long             | EP               | CORP              | US        |   2812274 | NS      | $26266639.16  | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC     | Global Net Lease Inc                       | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    300335 | NS      | $7178006.50   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO            | DTE Energy Co                              | CUSIP: 233331818<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |      3305 | NS      | $67719.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST     | Vornado Realty Trust                       | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18227 | NS      | $343396.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP INC  | CNO Financial Group Inc                    | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |      1562 | NS      | $28397.16     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP     | AGNC Investment Corp                       | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     21891 | NS      | $487512.57    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE TRUST         | Healthcare Trust Inc                       | CUSIP: 42226B303<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |    209898 | NS      | $4552687.62   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY  | DiamondRock Hospitality Co                 | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               | CORP              | US        |    219537 | NS      | $5655273.12   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSTAR GROUP LTD         | Enstar Group Ltd                           | CUSIP: 29359U208<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |      4004 | NS      | $96896.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GASLOG PARTNERS LP       | GasLog Partners LP                         | CUSIP: 000000000<br>LEI: 5299004R0RSGEG82BS06 | Long             | EP               | CORP              | GR        |    213456 | NS      | $5184846.24   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR | Babcock & Wilcox Enterprises Inc           | CUSIP: 05614L308<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |    432237 | NS      | $10702188.12  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NECESSITY RETAIL REIT IN | Necessity Retail REIT Inc/The              | CUSIP: 02607T505<br>LEI: 549300GN4H0K3IUS8983 | Long             | EP               | CORP              | US        |    211129 | NS      | $4917194.41   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST V              | SCE Trust V                                | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     27909 | NS      | $620417.07    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OZK                 | Bank OZK                                   | CUSIP: 06417N202<br>LEI: 549300VYK2WBD7SST478 | Long             | EP               | CORP              | US        |    214534 | NS      | $4022512.50   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| PITNEY BOWES INC         | Pitney Bowes Inc                           | CUSIP: 724479506<br>LEI: 549300N2O26NW4ST6W55 | Long             | EP               | CORP              | US        |    358147 | NS      | $7030425.61   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL INC  | WESCO International Inc                    | CUSIP: 95082P303<br>LEI: 529900TXOGREY3WNJ434 | Long             | EP               | CORP              | US        |     44722 | NS      | $1216438.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTAINER GROUP HOLDINGS | Textainer Group Holdings Ltd               | CUSIP: 88314W204<br>LEI: 529900OHEYRATAFMIT89 | Long             | EP               | CORP              | BM        |     10594 | NS      | $253196.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXTAINER GROUP HOLDINGS | Textainer Group Holdings Ltd               | CUSIP: 88314W303<br>LEI: 529900OHEYRATAFMIT89 | Long             | EP               | CORP              | BM        |    281074 | NS      | $6381082.49   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD | Triton International Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    399020 | NS      | $10254814.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH JERSEY INDUSTRIES  | South Jersey Industries Inc                | CUSIP: 838518207<br>LEI: 549300DJYWYT5VXLFA46 | Long             | EP               | CORP              | US        |      5486 | NS      | $86623.94     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS | Braemar Hotels & Resorts Inc               | CUSIP: 10482B200<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |    454413 | NS      | $7729565.13   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                         | CUSIP: 29273V407<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     49118 | NS      | $1171464.30   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP  | Chimera Investment Corp                    | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    347998 | NS      | $7614196.24   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROP PFD LP   | Brookfield Property Preferred LP           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     20557 | NS      | $391199.71    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO MORTGAGE CAPITAL | INVESCO MORTGAGE CAPITAL                   | CUSIP: 46131B506<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |    272466 | NS      | $6108687.72   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PACWEST BANCORP          | PacWest Bancorp                            | CUSIP: 695263202<br>LEI: 549300YI8VMFO7G36V04 | Long             | EP               | CORP              | US        |    180649 | NS      | $4675196.12   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| OAKTREE CAPITAL GRP LLC  | Oaktree Capital Group LLC                  | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |     10572 | NS      | $252776.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EQUITY INVESTME | American Equity Investment Life Holding Co | CUSIP: 025676503<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |      3990 | NS      | $95839.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR    | AG Mortgage Investment Trust Inc           | CUSIP: 001228402<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |    184363 | NS      | $3430995.43   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP               | US Bancorp                                 | CUSIP: 902973866<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      4252 | NS      | $3405852.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| OAKTREE CAPITAL GRP LLC  | Oaktree Capital Group LLC                  | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |      8333 | NS      | $199742.01    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES           | EPR Properties                             | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    234148 | NS      | $4734472.56   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY           | Morgan Stanley                             | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     17079 | NS      | $340555.26    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST IV             | SCE Trust IV                               | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    128638 | NS      | $2585623.80   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING | Compass Diversified Holdings               | CUSIP: 20451Q203<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    227787 | NS      | $5694675.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS CORP               | Atlas Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    528085 | NS      | $12409997.50  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS CORP               | Atlas Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |     39337 | NS      | $892556.53    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC             | Enbridge Inc                               | CUSIP: 29250N717<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |      2008 | NS      | $44005.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNATURE BANK NEW YORK  | Signature Bank/New York NY                 | CUSIP: 82669G203<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EP               | CORP              | US        |     21160 | NS      | $401193.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP     | SL Green Realty Corp                       | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               | CORP              | US        |     23416 | NS      | $532011.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROU | Affiliated Managers Group Inc              | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |      2885 | NS      | $51324.15     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                      | CUSIP: 05580M850<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     37084 | NS      | $923391.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS | Sunstone Hotel Investors Inc               | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |     45103 | NS      | $928670.77    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO REALTY GROWTH INC    | CTO Realty Growth Inc                      | CUSIP: 22948Q200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     77888 | NS      | $1695193.38   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT | PennyMac Mortgage Investment Trust         | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     66517 | NS      | $1320362.45   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST     | Vornado Realty Trust                       | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8587 | NS      | $156025.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST III            | SCE Trust III                              | CUSIP: 78409B207<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1148168 | NS      | $25661554.80  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVERNORTH OPP FUND INC  | RiverNorth Opportunities Fund Inc          | CUSIP: 76881Y208<br>LEI: 5493001RICR0OU8TM159 | Long             | EP               | CORP              | US        |     55715 | NS      | $1337717.15   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP  | Chimera Investment Corp                    | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    313316 | NS      | $6397912.72   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS     | Telephone and Data Systems Inc             | CUSIP: 879433787<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    237331 | NS      | $4592354.85   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES  | Summit Hotel Properties Inc                | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    184196 | NS      | $4212525.68   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| B RILEY FINANCIAL INC    | B Riley Financial Inc                      | CUSIP: 05580M835<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     76347 | NS      | $1690322.58   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                    | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     28272 | NS      | $593712.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST  | Pebblebrook Hotel Trust                    | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     41967 | NS      | $807025.41    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                         | CUSIP: 29273V605<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    113526 | NS      | $2724624.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC  | DigitalBridge Group Inc                    | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    263594 | NS      | $5864966.50   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST VI             | SCE Trust VI                               | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    704479 | NS      | $14639073.62  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORP              | Kemper Corp                                | CUSIP: 488401308<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EP               | CORP              | US        |    122324 | NS      | $2798773.12   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP               | Qwest Corp                                 | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     38758 | NS      | $812755.26    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PART | Brookfield Property Partners LP            | CUSIP: 000000000<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | US        |     29266 | NS      | $581515.42    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES | Texas Capital Bancshares Inc               | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |     25041 | NS      | $568430.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-22

**Name of Applicant:** ETFis Series Trust I

**Signature:** Brinton W. Frith

**Name of Signer:** Brinton W. Frith

**Title:** Treasurer and Principal Financial Officer