# EDGAR Filing Document

**Accession Number:** 0001492374
**File Stem:** 0000910472-26-003456
**Filing Date:** 2026-2
**Character Count:** 121824
**Document Hash:** ab696a4157f80a07f16c8b8e404b8943
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003456.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003456

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Destra Investment Trust
- **CENTRAL INDEX KEY:** 0001492374

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22417
- **FILM NUMBER:** 26700280

**BUSINESS ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715
- **BUSINESS PHONE:** 877-855-3434

**MAIL ADDRESS:**
- **STREET 1:** 443 N. WILLSON AVE.
- **CITY:** BOZEMAN
- **STATE:** MT
- **ZIP:** 59715

## Series and Classes Contracts Data

### Destra Flaherty & Crumrine Preferred and Income Fund (Series ID: S000055298)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000174035 | Class A      | DPIAX           |
| C000174036 | Class C      | DPICX           |
| C000174037 | Class I      | DPIIX           |

## Nport-Ex

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **PREFERRED SECURITIES – 73.3%** |  |  |
|  | **BANKS – 29.7%** |  |  |
| 2470000 | American AgCredit Corp., 5.250% to 06/15/26 then USD 5 Year Tsy + 4.500%, Series A<sup>(1)(2)</sup> | BB+<sup>(3)</sup> | $2438359 |
| 605000 | Bank of America Corp., 6.250% to 07/26/30 then USD 5 Year Tsy + 2.351%, Series UU<sup>(2)</sup> | Baa2 | 614786 |
| 1030000 | Capital One Financial Corp., 3.950% to 09/01/26 then USD 5 Year Tsy + 3.157%, Series M<sup>(2)</sup> | Baa3 | 1018407 |
|  | Citigroup, Inc. |  |  |
| 1575000 | &nbsp;&nbsp;&nbsp;4.150% to 11/15/26 then USD 5 Year Tsy + 3.000%, Series Y<sup>(2)</sup> | Ba1 | 1556058 |
| 570000 | &nbsp;&nbsp;&nbsp;6.625% to 02/15/31 then USD 5 Year Tsy + 3.001% Series HH<sup>(2)</sup> | Ba1 | 578782 |
| 1405000 | &nbsp;&nbsp;&nbsp;6.750% to 02/15/30 then USD 5 Year Tsy + 2.572% Series EE<sup>(2)</sup> | Ba1 | 1431651 |
| 540000 | &nbsp;&nbsp;&nbsp;6.875% to 08/15/30 then USD 5 Year Tsy + 2.890% Series GG<sup>(2)</sup> | Ba1 | 561465 |
| 630000 | &nbsp;&nbsp;&nbsp;6.950% to 02/15/30 then USD 5 Year Tsy + 2.726% Series FF<sup>(2)</sup> | Ba1 | 649929 |
| 875000 | &nbsp;&nbsp;&nbsp;7.000% to 08/15/34 then USD 10 Year Tsy + 2.757%, Series DD<sup>(2)</sup> | Ba1 | 923338 |
| 890000 | &nbsp;&nbsp;&nbsp;7.125% to 08/15/29 then USD 5 Year Tsy + 2.693%, Series CC<sup>(2)</sup> | Ba1 | 918055 |
| 1230000 | &nbsp;&nbsp;&nbsp;7.375% to 05/15/28 then USD 5 Year Tsy + 3.209%, Series Z<sup>(2)</sup> | Ba1 | 1291918 |
| 1200000 | &nbsp;&nbsp;&nbsp;7.625% to 11/15/28 then USD 5 Year Tsy + 3.211%, Series AA<sup>(2)</sup> | Ba1 | 1266387 |
|  | Citizens Financial Group, Inc. |  |  |
| 76480 | &nbsp;&nbsp;&nbsp;6.500% to 10/06/30 then USD 5 Year Tsy + 2.629%,, Series I<sup>(2)</sup> | Baa3 | 1941827 |
| 25700 | &nbsp;&nbsp;&nbsp;7.375%, Series H<sup>(2)</sup> | Baa3 | 677195 |
|  | CoBank ACB |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;6.250% to 10/01/26 then 3-Month CME Term SOFR + 4.922%, Series I<sup>(1)(2)</sup> | BBB+<sup>(3)</sup> | 503362 |
| 420000 | &nbsp;&nbsp;&nbsp;7.125% to 01/01/30 then USD 5 Year Tsy + 2.818% Series M<sup>(1)(2)</sup> | BBB+<sup>(3)</sup> | 438208 |
| 93770 | Comerica, Inc., 6.875% to 10/01/30 then USD 5 Year Tsy + 3.125%, Series B<sup>(2)</sup> | Ba1 | 2447397 |
|  | Compeer Financial ACA |  |  |
| 250000 | &nbsp;&nbsp;&nbsp;4.875% to 08/15/26 then USD 5 Year Tsy + 4.100%, Series B-1<sup>(1)(2)</sup> | BB+<sup>(3)</sup> | 246179 |
| 295000 | &nbsp;&nbsp;&nbsp;7.875% to 02/15/31 then USD 5 Year Tsy + 4.155%, Series C-1<sup>(1)(2)</sup> | BB+<sup>(3)</sup> | 301994 |
| 42300 | ConnectOne Bancorp, Inc., 5.250% to 09/01/26 then USD 5 Year Tsy + 4.420%, Series A<sup>(2)</sup> | NR<sup>(4)</sup> | 1035927 |
| 36000 | Dime Community Bancshares, Inc., 5.500%, Series A<sup>(2)</sup> | NR<sup>(4)</sup> | 644040 |
| 435000 | Farm Credit Bank of Texas, 7.000% to 09/15/30 then USD 5 Year Tsy + 3.010%, Series B-6<sup>(1)(2)</sup> | Baa1 | 448713 |
| 835000 | First Citizens BancShares, Inc., 7.000% to 12/15/30 then USD 5 Year Tsy + 3.301%, Series D<sup>(2)</sup> | Ba1 | 854336 |
| 17822 | First Horizon Corp., 6.500%, Series E<sup>(2)</sup> | Ba2 | 430936 |
| 165623 | Flagstar Bank NA, 6.375% to 03/17/27 then 3-Month USD LIBOR + 3.821%, Series A<sup>(2)</sup> | B3 | 3743080 |
|  | Goldman Sachs Group, Inc. |  |  |
| 1600000 | &nbsp;&nbsp;&nbsp;4.125% to 11/10/26 then USD 5 Year Tsy + 2.949%, Series V<sup>(2)</sup> | Ba1 | 1585958 |
| 640000 | &nbsp;&nbsp;&nbsp;6.125% to 11/10/34 then USD 10 Year Tsy + 2.400%, Series Y<sup>(2)</sup> | Ba1 | 649268 |
| 395000 | &nbsp;&nbsp;&nbsp;6.850% to 02/10/30 then USD 5 Year Tsy + 2.461%, Series Z<sup>(2)</sup> | Ba1 | 412356 |
| 925000 | &nbsp;&nbsp;&nbsp;7.186% to 02/10/30 then USD 5 Year Tsy + 2.850%, Series S<sup>(2)</sup> | Ba1 | 930937 |
| 1120000 | &nbsp;&nbsp;&nbsp;7.500% to 05/10/29 then USD 5 Year Tsy + 2.809%, Series X<sup>(2)</sup> | Ba1 | 1186305 |
| 2500000 | &nbsp;&nbsp;&nbsp;7.560% to 02/10/30 then USD 5 Year Tsy + 3.224%, Series R<sup>(2)</sup> | Ba1 | 2512843 |
|  | Huntington Bancshares, Inc. |  |  |
| 355000 | &nbsp;&nbsp;&nbsp;4.450% to 10/15/27 then USD 7 Year Tsy + 4.045%, Series G<sup>(2)</sup> | Baa3 | 349358 |
| 265000 | &nbsp;&nbsp;&nbsp;6.250% to 10/15/30 then USD 5 Year Tsy + 2.653%, Series K<sup>(2)</sup> | Baa3 | 266199 |
| 34400 | &nbsp;&nbsp;&nbsp;6.875% to 04/15/28 then USD 5 Year Tsy + 2.704%, Series J<sup>(2)</sup> | Baa3 | 873416 |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **BANKS (continued)** |  |  |
|  | KeyCorp |  |  |
| 550000 | &nbsp;&nbsp;&nbsp;5.000% to 9/15/26 then 3-Month CME Term SOFR + 3.868%, Series D<sup>(2)</sup> | Ba1 | $547818 |
| 109439 | &nbsp;&nbsp;&nbsp;6.125% to 12/15/26 then 3-Month CME Term SOFR + 4.154%, Series E<sup>(2)</sup> | Ba1 | 2711898 |
| 45785 | &nbsp;&nbsp;&nbsp;6.200% to 12/15/27 then USD 5 Year Tsy + 3.132%, Series H<sup>(2)</sup> | Ba1 | 1162023 |
|  | M&T Bank Corp. |  |  |
| 650000 | &nbsp;&nbsp;&nbsp;3.500% to 09/01/26 then USD 5 Year Tsy + 2.679%, Series I<sup>(2)</sup> | Baa3 | 633496 |
| 155674 | &nbsp;&nbsp;&nbsp;5.625% to 12/15/26 then 3-Month CME Term SOFR + 4.282%, Series H<sup>(2)</sup> | Baa3 | 3834251 |
| 20000 | &nbsp;&nbsp;&nbsp;6.350%, Series K<sup>(2)</sup> | Baa3 | 513200 |
| 14000 | Morgan Stanley, 6.625%, Series Q<sup>(2)</sup> | Baa3 | 365820 |
|  | PNC Financial Services Group, Inc. |  |  |
| 476000 | &nbsp;&nbsp;&nbsp;3.400% to 09/15/26 then USD 5 Year Tsy + 2.595%, Series T<sup>(2)</sup> | Baa2 | 467005 |
| 2135000 | &nbsp;&nbsp;&nbsp;6.000% to 05/15/27 then USD 5 Year Tsy + 3.000%, Series U<sup>(2)</sup> | Baa2 | 2159849 |
| 610000 | &nbsp;&nbsp;&nbsp;6.200% to 09/15/27 then USD 5 Year Tsy + 3.238%, Series V<sup>(2)</sup> | Baa2 | 620423 |
| 1800000 | &nbsp;&nbsp;&nbsp;6.250% to 03/15/30 then USD 7 Year Tsy + 2.808%, Series W<sup>(2)</sup> | Baa2 | 1859627 |
|  | Regions Financial Corp. |  |  |
| 90500 | &nbsp;&nbsp;&nbsp;5.700% to 08/15/29 then 3-Month CME Term SOFR + 3.410%, Series C<sup>(2)</sup> | Baa3 | 2125845 |
| 89000 | &nbsp;&nbsp;&nbsp;6.950% to 09/15/29 then USD 5 Year Tsy + 2.771%, Series F<sup>(2)</sup> | Baa3 | 2261490 |
| 700000 | State Street Corp., 6.700% to 03/15/29 then USD 5 Year Tsy + 2.613%, Series I<sup>(2)</sup> | Baa1 | 727801 |
|  | Synchrony Financial |  |  |
| 46000 | &nbsp;&nbsp;&nbsp;5.625%, Series A<sup>(2)</sup> | BB-<sup>(3)</sup> | 901140 |
| 44600 | &nbsp;&nbsp;&nbsp;8.250% to 05/15/29 then USD 5 Year Tsy + 4.044%, Series B<sup>(2)</sup> | BB-<sup>(3)</sup> | 1172534 |
| 127922 | Synovus Financial Corp., 8.397% to 07/01/29 then USD 5 Year Tsy + 4.127%, Series E<sup>(2)</sup> | BB-<sup>(3)</sup> | 3306784 |
| 32043 | Texas Capital Bancshares, Inc., 5.750%, Series B<sup>(2)</sup> | Ba2 | 643424 |
| 1098000 | Truist Financial Corp., 6.669% to 09/01/29 then USD 5 Year Tsy + 3.003%, Series N<sup>(2)</sup> | Baa3 | 1104984 |
| 34400 | UMB Financial Corporation, 7.750% to 07/15/30 then USD 5 Year Tsy + 3.743%, Series B<sup>(2)</sup> | Baa3 | 928800 |
|  | Valley National Bancorp |  |  |
| 2022 | &nbsp;&nbsp;&nbsp;7.529%, 3-Month CME Term SOFR + 3.840%, Series B<sup>(2)(7)</sup> | BB-<sup>(3)</sup> | 51420 |
| 30345 | &nbsp;&nbsp;&nbsp;7.801%, 3-Month CME Term SOFR + 4.112%, Series A<sup>(2)(7)</sup> | BB-<sup>(3)</sup> | 767425 |
| 6100 | &nbsp;&nbsp;&nbsp;8.250% to 09/30/29 then USD 5 Year Tsy + 4.182%, Series C<sup>(2)</sup> | BB-<sup>(3)</sup> | 159576 |
| 20300 | WaFd, Inc., 4.875%, Series A<sup>(2)</sup> | Ba1 | 340228 |
| 267 | Wells Fargo & Co., 7.500%, Series L<sup>(2)(5)</sup> | Baa2 | 323604 |
| 61532 | WesBanco, Inc., 7.375% to 10/01/30 then USD 5 Year Tsy + 3.795%, Series B<sup>(2)</sup> | Ba2 | 1586910 |
| 12900 | Western Alliance Bancorp, 4.250% to 09/30/26 then USD 5 Year Tsy + 3.452%, Series A<sup>(2)</sup> | Ba2 | 292572 |
| 23800 | Wintrust Financial Corp., 7.875% to 07/15/30 then USD 5 Year Tsy + 3.878%, Series F<sup>(2)</sup> | BB<sup>(6)</sup> | 616182 |
|  |  |  | **67915098** |
|  | **FINANCIAL SERVICES – 3.1%** |  |  |
|  | AerCap Ireland Capital DAC / AerCap Global Aviation Trust |  |  |
| 440000 | &nbsp;&nbsp;&nbsp;6.500% to 01/31/31 then USD 5 Year Tsy + 2.441%, 01/31/56<sup>(1)</sup> | Baa2 | 455665 |
| 860000 | &nbsp;&nbsp;&nbsp;6.950% to 03/10/30 then USD 5 Year Tsy + 2.720%, 03/10/55 | Baa2 | 902816 |
| 21200 | Affiliated Managers Group, Inc., 6.750%, 03/30/64 | Baa1 | 515160 |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **FINANCIAL SERVICES (continued)** |  |  |
|  | Ally Financial, Inc. |  |  |
| 1220000 | &nbsp;&nbsp;&nbsp;4.700% to 05/15/26 then USD 5 Year Tsy + 3.868%, Series B<sup>(2)</sup> | Ba2 | $1212561 |
| 800000 | &nbsp;&nbsp;&nbsp;4.700% to 05/15/28 then USD 7 Year Tsy + 3.481%, Series C<sup>(2)</sup> | Ba2 | 763703 |
| 1150000 | Charles Schwab Corp., 4.000% to 06/01/26 then USD 5 Year Tsy + 3.168%, Series I<sup>(2)</sup> | Baa2 | 1143680 |
|  | General Motors Financial Co., Inc. |  |  |
| 725000 | &nbsp;&nbsp;&nbsp;5.700% to 09/30/30 then USD 5 Year Tsy + 4.997%, Series C<sup>(2)</sup> | Ba1 | 731486 |
| 330000 | &nbsp;&nbsp;&nbsp;5.750% to 09/30/27 then 3-Month USD LIBOR + 3.598%, Series A<sup>(2)</sup> | Ba1 | 326140 |
| 600000 | &nbsp;&nbsp;&nbsp;6.500% to 09/30/28 then 3-Month USD LIBOR + 3.436%, Series B<sup>(2)</sup> | Ba1 | 601608 |
| 17784 | Stifel Financial Corp., 4.500%, Series D<sup>(2)</sup> | BB<sup>(3)</sup> | 304106 |
| 4494 | TPG Operating Group II LP, 6.950%, 03/15/64 | Baa1 | 111676 |
|  |  |  | **7068601** |
|  | **INSURANCE – 18.2%** |  |  |
| 1387000 | American International Group, Inc., 8.175% to 05/15/38 then 3-Month USD LIBOR + 4.195%, 05/15/58, Series A-6 | Baa2 | 1540255 |
| 485000 | American National Group, Inc., 7.000% to 12/01/30 then USD 5 Year Tsy + 3.183%, 12/01/55 | BB+<sup>(3)</sup> | 487579 |
| 25000 | Aspen Insurance Holdings, Ltd., 5.625%<sup>(2)</sup> | Ba1 | 490000 |
|  | Athene Holding, Ltd. |  |  |
| 25200 | &nbsp;&nbsp;&nbsp;4.875%, Series D<sup>(2)</sup> | Baa3 | 429156 |
| 147374 | &nbsp;&nbsp;&nbsp;6.350% to 06/30/29 then 3-Month USD LIBOR + 4.253%, Series A<sup>(2)</sup> | Baa3 | 3625400 |
| 27440 | &nbsp;&nbsp;&nbsp;7.250% to 03/30/29 then USD 5 Year Tsy + 2.986%, 03/30/64 | Baa2 | 686549 |
| 15000 | CNO Financial Group, Inc., 5.125%, 11/25/60 | Ba1 | 285000 |
|  | Corebridge Financial, Inc. |  |  |
| 620000 | &nbsp;&nbsp;&nbsp;6.375% to 09/15/34 then USD 5 Year Tsy + 2.646%, 09/15/54<sup>(1)</sup> | Baa3 | 625134 |
| 390000 | &nbsp;&nbsp;&nbsp;6.875% to 12/01/30 then USD 5 Year Tsy + 3.181%, Series A<sup>(2)</sup> | Ba1 | 401508 |
| 540000 | CVS Health Corporation 7.000%, to 03/10/30 then USD 5 Year Tsy + 2.886%, 03/10/55, Series A | Ba1 | 566837 |
| 132129 | Delphi Financial Group, Inc., 7.303%, 3-Month CME Term SOFR + 3.452%, 05/15/37<sup>(7)</sup> | BBB<sup>(3)</sup> | 3253677 |
| 670000 | Enstar Finance LLC, 5.500% to 01/15/27 then USD 5 Year Tsy + 4.006%, 01/15/42 | BBB-<sup>(3)</sup> | 661793 |
|  | Enstar Group, Ltd. |  |  |
| 45400 | &nbsp;&nbsp;&nbsp;7.000% to 09/01/28 then 3-Month CME Term SOFR + 4.277%, Series D<sup>(2)</sup> | BBB-<sup>(3)</sup> | 1073710 |
| 825000 | &nbsp;&nbsp;&nbsp;7.500% to 04/01/35 then USD 5 Year Tsy + 3.186%, 04/01/45<sup>(1)</sup> | BBB-<sup>(3)</sup> | 869581 |
| 500000 | Equitable Holdings, Inc., 6.700% to 03/28/35 then USD 5 Year Tsy + 2.390%, 03/28/55 | Baa2 | 523340 |
| 196000 | Everest Reinsurance Holdings, Inc., 6.498%, 3-Month CME Term SOFR + 2.647%, 05/15/37<sup>(7)</sup> | Baa2 | 185116 |
| 18800 | F&G Annuities & Life, Inc., 7.300%, 01/15/65 | Ba1 | 416044 |
| 465000 | Fortegra Group, Inc. 9.250% to 11/15/34 then USD 5 Year Tsy + 8.720% 11/15/64<sup>(1)</sup> | NR<sup>(4)</sup> | 469969 |
|  | Global Atlantic Fin Co. |  |  |
| 680000 | &nbsp;&nbsp;&nbsp;7.250% to 03/01/31 then USD 5 Year Tsy + 3.550%, 03/01/56<sup>(1)</sup> | Baa3 | 684332 |
| 585000 | &nbsp;&nbsp;&nbsp;7.950% to 10/15/29 then USD 5 Year Tsy + 3.608%, 10/15/54<sup>(1)</sup> | Baa3 | 607317 |
| 12500 | Jackson Financial, Inc., 8.000% to 03/30/28 then USD 5 Year Tsy + 3.728%, Series A<sup>(2)</sup> | Ba2 | 325875 |
| 1200000 | Kuvare U.S. Holdings, Inc., 7.000% to 05/01/26 then USD 5 Year Tsy + 6.541%, 02/17/51, Series A<sup>(1)</sup> | NR<sup>(4)</sup> | 1205856 |
|  | Liberty Mutual Group, Inc. |  |  |
| 830000 | &nbsp;&nbsp;&nbsp;4.125% to 12/15/26 then USD 5 Year Tsy + 3.315%, 12/15/51<sup>(1)</sup> | Baa3 | 818681 |
| 6903000 | &nbsp;&nbsp;&nbsp;7.800% to 03/15/37 then 3-Month CME Term SOFR + 3.838%, 03/15/37<sup>(1)</sup> | Baa3 | 7937050 |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **INSURANCE (continued)** |  |  |
|  | Lincoln National Corp. |  |  |
| 15900 | &nbsp;&nbsp;&nbsp;9.000%, Series D<sup>(2)</sup> | Ba1 | $426597 |
| 400000 | &nbsp;&nbsp;&nbsp;9.250% to 03/01/28 then USD 5 Year Tsy + 5.318%, Series C<sup>(2)</sup> | Ba1 | 429776 |
|  | MetLife, Inc. |  |  |
| 1605000 | &nbsp;&nbsp;&nbsp;9.250% to 04/08/38 then 3-Month CME Term SOFR + 5.802%, 04/08/38<sup>(1)</sup> | Baa2 | 1932815 |
| 1591000 | &nbsp;&nbsp;&nbsp;10.750% to 08/01/39 then 3-Month CME Term SOFR + 7.810%, 08/01/39 | Baa2 | 2128966 |
| 55898 | PartnerRe Ltd., 4.875%, Series J<sup>(2)</sup> | Baa2 | 955856 |
| 4500000 | Provident Financing Trust I, 7.405%, 03/15/38 | Baa3 | 4897922 |
| 235000 | Reinsurance Group of America, Inc., 6.650% to 09/15/35 then USD 5 Year Tsy + 2.392%, 09/15/55 | Baa2 | 243783 |
|  | SBL Holdings, Inc. |  |  |
| 1275000 | &nbsp;&nbsp;&nbsp;6.500% to 11/13/26 then USD 5 Year Tsy + 5.620%, Series B<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 1216352 |
| 1175000 | &nbsp;&nbsp;&nbsp;9.508% to 05/13/30 then USD 5 Year Tsy + 5.580%, Series A<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 1207217 |
|  |  |  | **41609043** |
|  | **UTILITIES – 13.0%** |  |  |
| 695000 | AES Corp., 7.600% to 01/15/30 then USD 5 Year Tsy + 3.201%, 01/15/55 | Ba1 | 708277 |
|  | Algonquin Power & Utilities Corp. |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;4.750% to 04/18/27 then USD 5 Year Tsy + 3.249%, 01/18/82, Series 2022-B | BB+<sup>(3)</sup> | 1485552 |
| 40895 | &nbsp;&nbsp;&nbsp;8.257%, 3-Month CME Term SOFR + 4.272%, 07/01/79, Series 2019-A<sup>(7)</sup> | BB+<sup>(3)</sup> | 1040778 |
| 535000 | AltaGas, Ltd., 7.200% to 10/15/34 then USD 5 Year Tsy + 3.573%, 10/15/54<sup>(1)</sup> | BB<sup>(3)</sup> | 555103 |
|  | American Electric Power., Inc. |  |  |
| 1070000 | &nbsp;&nbsp;&nbsp;3.875% to 02/15/27 then USD 5 Year Tsy + 2.675%, 02/15/62 | Baa3 | 1052985 |
| 1100000 | &nbsp;&nbsp;&nbsp;6.050% to 03/15/36 then USD 5 Year Tsy + 1.940%, 03/15/56, Series D | Baa3 | 1081316 |
|  | Dominion Energy, Inc. |  |  |
| 625000 | &nbsp;&nbsp;&nbsp;4.350% to 04/15/27 then USD 5 Year Tsy + 3.195%, Series C<sup>(2)</sup> | Ba1 | 620226 |
| 865000 | &nbsp;&nbsp;&nbsp;6.625%, to 05/15/35 then USD 5 Year Tsy + 2.207%, 05/15/55 Series C | Baa3 | 891825 |
| 21400 | DTE Energy Company, 6.250%, 10/01/85, Series H | Baa3 | 532646 |
|  | Edison International |  |  |
| 1775000 | &nbsp;&nbsp;&nbsp;5.000% to 03/15/27 then USD 5 Year Tsy + 3.901%, Series B<sup>(2)</sup> | Ba1 | 1773600 |
| 490000 | &nbsp;&nbsp;&nbsp;5.375% to 03/15/26 then USD 5 Year Tsy + 4.698%, Series A<sup>(2)</sup> | Ba1 | 490193 |
| 2806000 | Emera, Inc., 6.750% to 06/15/26 then 3-Month USD LIBOR + 5.440%, 06/15/76, Series 2016-A | Ba2 | 2830502 |
|  | Entergy Corp. |  |  |
| 460000 | &nbsp;&nbsp;&nbsp;6.100% to 06/15/36 then USD 5 Year Tsy + 2.013%, 06/15/56, Series 2025-B | Baa3 | 460350 |
| 960000 | &nbsp;&nbsp;&nbsp;7.125% to 12/01/29 then USD 5 Year Tsy + 2.670%, 12/01/54 | Baa3 | 1008637 |
|  | EUSHI Finance, Inc. |  |  |
| 800000 | &nbsp;&nbsp;&nbsp;6.250% to 04/01/31 then USD 5 Year Tsy + 2.509%, 04/01/56 | Ba1 | 801799 |
| 1025000 | &nbsp;&nbsp;&nbsp;7.625% to 12/15/29 then USD 5 Year Tsy + 3.136%, 12/15/54 | Ba1 | 1078253 |
| 670000 | Evergy, Inc. 6.650% to 06/01/30 then USD 5 Year Tsy + 2.558%, 06/01/55 | Baa3 | 688032 |
| 355000 | NextEra Energy Capital Holdings, Inc., 6.700% to 09/01/29 then USD 5 Year Tsy + 2.364%, 09/01/54, Series Q | Baa2 | 369068 |
| 605000 | Northwest Natural Holding Company, 7.000% to 09/15/35 then USD 5 Year Tsy + 2.701%, 09/15/55 | BBB<sup>(3)</sup> | 633441 |
| 120277 | SCE Trust V, 5.450% to 03/15/26 then 3-Month CME Term SOFR + 4.052%, Series K<sup>(2)</sup> | Baa3 | 3029778 |
| 39010 | SCE Trust VI, 5.000%, Series L<sup>(2)</sup> | Baa3 | 679164 |
| 19500 | SCE Trust VII, 7.500%, Series M<sup>(2)</sup> | Baa3 | 492960 |
| 20500 | SCE Trust VIII, 6.950%, Series N<sup>(2)</sup> | Baa3 | 487285 |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **UTILITIES (continued)** |  |  |
|  | Sempra |  |  |
| 1450000 | &nbsp;&nbsp;&nbsp;4.125% to 04/01/27 then USD 5 Year Tsy + 2.868%, 04/01/52 | Baa3 | $1425936 |
| 620000 | &nbsp;&nbsp;&nbsp;6.400% to 10/01/34 then USD 5 Year Tsy + 2.632%, 10/01/54 | Baa3 | 630964 |
| 1570000 | &nbsp;&nbsp;&nbsp;6.875% to 10/01/29 then USD 5 Year Tsy + 2.789%, 10/01/54 | Baa3 | 1619529 |
| 475000 | Spire, Inc., 6.450% to 06/01/36 then USD 5 Year Tsy + 2.327%, 06/01/56, Series B | Baa3 | 474763 |
| 500000 | TXNM Energy, Inc., 7.000% to 07/31/31 then USD 5 Year Tsy + 3.254%, 07/31/56<sup>(1)</sup> | Ba1 | 499150 |
| 175000 | Vistra Corp., 7.000% to 12/15/26 then USD 5 Year Tsy + 5.740%, Series B<sup>(1)(2)</sup> | Ba3 | 178711 |
| 87600 | Xcel Energy, Inc., 6.250%, 10/15/85 | Baa2 | 2186496 |
|  |  |  | **29807319** |
|  | **ENERGY – 4.0%** |  |  |
|  | Enbridge, Inc. |  |  |
| 340000 | &nbsp;&nbsp;&nbsp;5.750% to 07/15/30 then USD 5 Year Tsy + 5.314%, 07/15/80, Series 2020-A | Ba1 | 344470 |
| 1252000 | &nbsp;&nbsp;&nbsp;6.000% to 01/15/27 then 3-Month CME Term SOFR + 4.152%, 01/15/77, Series 2016-A | Ba1 | 1259136 |
| 1460000 | &nbsp;&nbsp;&nbsp;7.375% to 03/15/30 then USD 5 Year Tsy + 3.122%, 03/15/55, Series A | Baa3 | 1546461 |
| 725000 | &nbsp;&nbsp;&nbsp;8.500% to 01/15/34 then USD 5 Year Tsy + 4.431%, 01/15/84, Series 2023-B | Ba1 | 831741 |
|  | Energy Transfer LP |  |  |
| 420000 | &nbsp;&nbsp;&nbsp;6.750% to 02/15/36 then USD 5 Year Tsy + 2.475%, 02/15/56, Series B | Baa3 | 421830 |
| 1387000 | &nbsp;&nbsp;&nbsp;7.125% to 05/15/30 then USD 5 Year Tsy + 5.306%, Series G<sup>(2)</sup> | Ba1 | 1426009 |
| 1090000 | Phillips 66 Company, 6.200% to 03/15/36 then USD 5 Year Tsy + 2.166%, 03/15/56, Series B | Baa2 | 1086120 |
| 505000 | South Bow Canadian Infrastructure Holdings Ltd., 7.500% to 03/01/35 then USD 5 Year Tsy + 3.667%, 03/01/55 | Ba1 | 540084 |
| 410000 | Sunoco, L.P., 7.875% to 09/18/30 then USD 5 Year Tsy + 4.230%, Series A<sup>(1)(2)</sup> | Ba3 | 421496 |
| 1350000 | Transcanada Trust, 5.875% to 08/15/26 then 3-Month USD LIBOR + 4.640%, 08/15/76, Series 2016-A | Ba1 | 1356762 |
|  |  |  | **9234109** |
|  | **COMMUNICATIONS – 1.5%** |  |  |
| 740000 | Bell Canada, 7.000% to 09/15/35 then USD 5 Year Tsy + 2.363%, 09/15/55, Series B | Baa3 | 778056 |
| 1720000 | Paramount Global, 6.375% to 03/30/27 then USD 5 Year Tsy + 3.999%, 03/30/62 | Ba1 | 1605421 |
| 560000 | Rogers Communications, Inc., 7.125% to 04/15/35 then USD 5 Year Tsy + 2.620%, 04/15/55 | Ba1 | 591259 |
| 390000 | TELUS Corporation, 7.000% to 10/15/35 then USD 5 Year Tsy + 2.709%, 10/15/55, Series B | Baa3 | 406141 |
|  |  |  | **3380877** |
|  | **REITS – 1.9%** |  |  |
| 26000 | Adamas Trust, Inc., 6.875% to 10/15/26 then 3-Month CME Term SOFR + 6.130%, Series F<sup>(2)</sup> | NR<sup>(4)</sup> | 581880 |
|  | Arbor Realty Trust, Inc. |  |  |
| 68190 | &nbsp;&nbsp;&nbsp;6.250% to 10/30/26 then 3-Month CME Term SOFR + 5.440%, Series F<sup>(2)</sup> | NR<sup>(4)</sup> | 1483814 |
| 10859 | &nbsp;&nbsp;&nbsp;6.375%, Series D<sup>(2)</sup> | NR<sup>(4)</sup> | 185146 |
| 87394 | KKR Real Estate Finance Trust, Inc., 6.500%, Series A<sup>(2)</sup> | NR<sup>(4)</sup> | 1596688 |
| 20598 | TPG RE Finance Trust, Inc., 6.250%, Series C<sup>(2)</sup> | NR<sup>(4)</sup> | 370764 |
|  |  |  | **4218292** |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **PREFERRED SECURITIES (continued)** |  |  |
|  | **MISCELLANEOUS – 1.9%** |  |  |
| 700000 | FMC Corporation, 8.450% to 11/01/30 then USD 5 Year Tsy + 4.366%, 11/01/55 | Ba1 | $554632 |
|  | Land O' Lakes, Inc. |  |  |
| 700000 | &nbsp;&nbsp;&nbsp;7.250%, Series B<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 651000 |
| 3115000 | &nbsp;&nbsp;&nbsp;8.000%, Series A<sup>(1)(2)</sup> | BB<sup>(3)</sup> | 3098130 |
|  |  |  | **4303762** |
|  | **TOTAL PREFERRED SECURITIES** (Cost $168,615,838) |  | **167537101** |
|  | **CONTINGENT CAPITAL SECURITIES – 23.2%** |  |  |
|  | **BANKS – 23.2%** |  |  |
|  | Banco Bilbao Vizcaya Argentaria SA |  |  |
| 2600000 | &nbsp;&nbsp;&nbsp;6.125% to 11/16/27 then USD 5 Year Swap + 3.870%<sup>(2)</sup> | Ba1 | 2631429 |
| 1000000 | &nbsp;&nbsp;&nbsp;9.375% to 09/19/29 then USD 5 Year Tsy + 5.099%, Series 12<sup>(2)</sup> | Ba1 | 1116788 |
|  | Banco Mercantil del Norte SA |  |  |
| 750000 | &nbsp;&nbsp;&nbsp;6.625% to 01/24/32 then USD 10 Year Tsy + 5.034%<sup>(1)(2)</sup> | Ba2 | 736773 |
| 610000 | &nbsp;&nbsp;&nbsp;7.500% to 06/27/29 then USD 10 Year Tsy + 5.470%<sup>(1)(2)</sup> | Ba2 | 630974 |
| 640000 | &nbsp;&nbsp;&nbsp;7.625% to 01/10/28 then USD 10 Year Tsy + 5.353%<sup>(1)(2)</sup> | Ba2 | 658777 |
| 915000 | &nbsp;&nbsp;&nbsp;8.750% to 05/20/35 then USD 10 Year Tsy + 4.299%<sup>(1)(2)</sup> | Ba2 | 980663 |
|  | Banco Santander SA |  |  |
| 6200000 | &nbsp;&nbsp;&nbsp;4.750% to 05/12/27 then USD 5 Year Tsy + 3.753%<sup>(1)(2)</sup> | Ba1 | 6197422 |
| 800000 | &nbsp;&nbsp;&nbsp;8.000% to 08/01/34 then USD 5 Year Tsy + 3.911%<sup>(2)</sup> | Ba1 | 885586 |
| 400000 | &nbsp;&nbsp;&nbsp;9.625% to 11/21/33 then USD 5 Year Tsy + 5.298%<sup>(1)(2)</sup> | Ba1 | 483253 |
|  | Bank of Montreal |  |  |
| 525000 | &nbsp;&nbsp;&nbsp;6.875% to 11/26/30 then USD 5 Year Tsy + 2.976%, 11/26/85, Series 6 | Baa3 | 540647 |
| 355000 | &nbsp;&nbsp;&nbsp;7.300% to 11/26/34 then USD 5 Year Tsy + 3.010%, 11/26/84, Series 5 | Baa3 | 378682 |
| 670000 | &nbsp;&nbsp;&nbsp;7.700% to 05/26/29 then USD 5 Year Tsy + 3.452%, 05/26/84, Series 4 | Baa3 | 711844 |
|  | Bank of Nova Scotia |  |  |
| 570000 | &nbsp;&nbsp;&nbsp;6.875% to 10/27/35 then USD 5 Year Tsy + 2.734%, 10/27/85, Series 7 | Baa3 | 585278 |
| 588000 | &nbsp;&nbsp;&nbsp;7.350% to 04/27/30 then USD 5 Year Tsy + 2.903%, 04/27/85, Series 6 | Baa3 | 611900 |
| 1000000 | &nbsp;&nbsp;&nbsp;8.625% to 10/27/27 then USD 5 Year Tsy + 4.389%, 10/27/82, Series 4 | Baa3 | 1062735 |
|  | Barclays PLC |  |  |
| 400000 | &nbsp;&nbsp;&nbsp;4.375% to 09/15/28 then USD 5 Year Tsy + 3.410%<sup>(2)</sup> | Ba1 | 388240 |
| 610000 | &nbsp;&nbsp;&nbsp;7.625% to 09/15/35 then SOFR 5 Year Swap + 3.686%<sup>(2)</sup> | Ba1 | 653297 |
| 380000 | &nbsp;&nbsp;&nbsp;8.000% to 09/15/29 then USD 5 Year Tsy + 5.431%<sup>(2)</sup> | Ba1 | 407039 |
| 545000 | &nbsp;&nbsp;&nbsp;9.625% to 06/15/30 then SOFR 5 Year Swap + 5.775%<sup>(2)</sup> | Ba1 | 619732 |
| 600000 | BBVA Bancomer SA Texas, 5.875% to 09/13/29 then USD 5 Year Tsy + 4.308%, 09/13/34<sup>(1)</sup> | Baa2 | 599449 |
|  | BNP Paribas SA |  |  |
| 425000 | &nbsp;&nbsp;&nbsp;4.625% to 02/25/31 then USD 5 Year Tsy + 3.340%<sup>(1)(2)</sup> | Ba1 | 394096 |
| 720000 | &nbsp;&nbsp;&nbsp;7.375% to 09/10/34 then USD 5 Year Tsy + 3.535%<sup>(1)(2)</sup> | Ba1 | 754137 |
| 1600000 | &nbsp;&nbsp;&nbsp;7.450% to 06/27/35 then USD 5 Year Tsy + 3.134%, Series 1<sup>(1)(2)</sup> | Ba1 | 1675021 |
| 765000 | &nbsp;&nbsp;&nbsp;7.750% to 08/16/29 then USD 5 Year Tsy + 4.899%<sup>(1)(2)</sup> | Ba1 | 811120 |
| 2829000 | &nbsp;&nbsp;&nbsp;8.500% to 08/14/28 then USD 5 Year Tsy + 4.354%<sup>(1)(2)</sup> | Ba1 | 3009818 |
| 550000 | Canadian Imperial Bank of Commerce 6.950% to 01/28/30 then USD 5 Year Tsy + 2.833%, 1/28/85, Series 5 | Baa3 | 567151 |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **CONTINGENT CAPITAL SECURITIES (continued)** |  |  |
|  | **BANKS (continued)** |  |  |
|  | Credit Agricole SA |  |  |
| 450000 | &nbsp;&nbsp;&nbsp;4.750% to 09/23/29 then USD 5 Year Tsy + 3.237%<sup>(1)(2)</sup> | BBB-<sup>(3)</sup> | $437763 |
| 465000 | &nbsp;&nbsp;&nbsp;7.125% to 09/23/35 then SOFR 5 Year Swap + 3.584%<sup>(1)(2)</sup> | Baa3 | 484498 |
|  | HSBC Holdings PLC |  |  |
| 1500000 | &nbsp;&nbsp;&nbsp;4.700% to 09/09/31 then USD 5 Year Tsy + 3.250%<sup>(2)</sup> | Baa3 | 1430918 |
| 850000 | &nbsp;&nbsp;&nbsp;6.500% to 03/23/28 then USD 5 Year Swap + 3.606%<sup>(2)</sup> | Baa3 | 869844 |
| 540000 | &nbsp;&nbsp;&nbsp;6.950% to 09/11/34 then USD 5 Year Tsy + 3.191%<sup>(2)</sup> | Baa3 | 568573 |
| 465000 | &nbsp;&nbsp;&nbsp;7.050% to 12/05/30 then USD 5 Year Tsy + 2.987%<sup>(2)</sup> | Baa3 | 484746 |
| 3000000 | &nbsp;&nbsp;&nbsp;8.000% to 09/07/28 then USD 5 Year Tsy + 3.858%<sup>(2)</sup> | Baa3 | 3174414 |
| 2550000 | ING Groep, 3.875% to 11/16/27 then USD 5 Year Tsy + 2.862%<sup>(2)</sup> | Ba1 | 2485751 |
|  | Lloyds Banking Group PLC |  |  |
| 485000 | &nbsp;&nbsp;&nbsp;6.625% to 09/27/35 then USD 5 Year Tsy + 2.681%<sup>(2)</sup> | Baa3 | 484450 |
| 2320000 | &nbsp;&nbsp;&nbsp;8.000% to 03/27/30 then USD 5 Year Tsy + 3.913%<sup>(2)</sup> | Baa3 | 2511718 |
|  | NatWest Group PLC |  |  |
| 350000 | &nbsp;&nbsp;&nbsp;4.600% to 12/28/31 then USD 5 Year Tsy + 3.100%<sup>(2)</sup> | Baa3 | 325700 |
| 200000 | &nbsp;&nbsp;&nbsp;8.125% to 05/10/34 then USD 5 Year Tsy + 3.752%<sup>(2)</sup> | Baa3 | 225616 |
|  | Royal Bank of Canada |  |  |
| 1100000 | &nbsp;&nbsp;&nbsp;6.350% to 11/24/34 then USD 5 Year Tsy + 2.257%, 11/24/84, Series 5 | Baa2 | 1075698 |
| 635000 | &nbsp;&nbsp;&nbsp;6.500% to 11/24/35 then USD 5 Year Tsy + 2.462%, 11/24/85, Series 7 | Baa2 | 635894 |
| 420000 | &nbsp;&nbsp;&nbsp;6.750% to 08/24/30 then USD 5 Year Tsy + 2.815%, 08/24/85, Series 6 | Baa2 | 436605 |
| 664000 | &nbsp;&nbsp;&nbsp;7.500% to 05/02/29 then USD 5 Year Tsy + 2.887%, 05/02/84, Series 4 | Baa2 | 705290 |
|  | Societe Generale SA |  |  |
| 900000 | &nbsp;&nbsp;&nbsp;4.750% to 05/26/26 then USD 5 Year Tsy + 3.931%<sup>(1)(2)</sup> | Ba2 | 897794 |
| 900000 | &nbsp;&nbsp;&nbsp;5.375% to 11/18/30 then USD 5 Year Tsy + 4.514%<sup>(1)(2)</sup> | Ba2 | 863183 |
| 250000 | &nbsp;&nbsp;&nbsp;6.750% to 04/06/28 then USD 5 Year Swap + 3.929%<sup>(1)(2)</sup> | Ba2 | 254064 |
| 1700000 | &nbsp;&nbsp;&nbsp;8.500% to 09/25/34 then USD 5 Year Tsy + 4.153%<sup>(1)(2)</sup> | Ba2 | 1863416 |
| 700000 | &nbsp;&nbsp;&nbsp;9.375% to 05/22/28 then USD 5 Year Tsy + 5.385%<sup>(1)(2)</sup> | Ba2 | 748266 |
|  | Standard Chartered PLC |  |  |
| 400000 | &nbsp;&nbsp;&nbsp;4.750% to 07/14/31 then USD 5 Year Tsy + 3.805%<sup>(1)(2)</sup> | Ba1 | 378060 |
| 1910000 | &nbsp;&nbsp;&nbsp;7.750% to 02/15/28 then USD 5 Year Tsy + 4.976%<sup>(1)(2)</sup> | Ba1 | 1989859 |
| 345000 | Toronto-Dominion Bank, 7.250% to 07/31/29 then USD 5 Year Tsy + 2.977%, 07/31/84 Series 4 | Baa2 | 363799 |
|  | UBS Group AG |  |  |
| 600000 | &nbsp;&nbsp;&nbsp;4.375% to 02/10/31 then USD 5 Year Tsy + 3.313%<sup>(1)(2)</sup> | Baa3 | 552688 |
| 800000 | &nbsp;&nbsp;&nbsp;4.875% to 02/12/27 then USD 5 Year Tsy + 3.404%<sup>(1)(2)</sup> | BBB-<sup>(3)</sup> | 795803 |
|  | **TOTAL CONTINGENT CAPITAL SECURITIES** (Cost $51,583,550) |  | **53136261** |
|  | **CORPORATE DEBT SECURITIES – 1.3%** |  |  |
|  | **BANKS – 0.7%** |  |  |
| 13800 | Dime Community Bancshares, Inc., 9.000% to 07/15/29 then 3-Month CME Term SOFR + 4.951%, 07/15/34 | NR<sup>(4)</sup> | 360180 |
| 575000 | Texas Capital Bancshares, Inc., 4.000% to 05/06/26 then USD 5 Year Tsy + 3.150%, 05/06/31 | Baa3 | 568244 |
| 500000 | Zions Bancorp NA 6.816% then 3-Month CME Term SOFR + 2.830%, 11/19/35 | BBB<sup>(3)</sup> | 532367 |
|  |  |  | **1460791** |

---

---

| |
|:---|
| **Destra Flaherty** **& Crumrine Preferred and Income Fund** |
| **Schedule of Investments (continued)** |
| **As of December 31, 2025 (unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **Shares or<br> Principal<br> Amount** |  | **Moody's<br> Ratings<br> (unaudited)** | **Value** |
|  | **CORPORATE DEBT SECURITIES (continued)** |  |  |
|  | **INSURANCE – 0.2%** |  |  |
| 460000 | Universal Insurance Holdings, Inc., 5.625%, 11/30/26 | NR<sup>(4)</sup> | $454070 |
|  | **COMMUNICATIONS – 0.4%** |  |  |
|  | Qwest Corp. |  |  |
| 12347 | &nbsp;&nbsp;&nbsp;6.500%, 09/01/56 | Caa2 | 231877 |
| 36585 | &nbsp;&nbsp;&nbsp;6.750%, 06/15/57 | Caa2 | 695115 |
|  |  |  | 926992 |
|  | **TOTAL CORPORATE DEBT SECURITIES (Cost $3,087,952)** |  | **2841853** |
|  | **SHORT-TERM INVESTMENTS – 1.5%** |  |  |
|  | **MONEY MARKET FUND – 1.5%** |  |  |
| 3472802 | Fidelity Investments Money Market Treasury Portfolio – Class I, 3.66%<sup>(8)</sup> |  | 3472802 |
|  | **TOTAL SHORT-TERM INVESTMENTS (Cost $3,472,802)** |  | **3472802** |
|  | **TOTAL INVESTMENTS – 99.3% (Cost $226,760,142)** |  | $**226988017** |
|  | Other Assets In Excess Of Liabilities – 0.7% |  | 1701008 |
|  | **TOTAL NET ASSETS – 100.0%** |  | $**228689025** |

---

<sup>(1)</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. These securities have been determined to be liquid under guidelines established by management. At December 31, 2025, the total value of these securities is $54,007,271, representing 23.6% of net assets.

<sup>(2)</sup> Security is perpetual in nature with no stated maturity date.

<sup>(3)</sup> Standard & Poor's Rating, unaudited.

<sup>(4)</sup> Security is unrated by Moody's, S&P and Fitch.

<sup>(5)</sup> Convertible security.

<sup>(6)</sup> Fitch's Rating, unaudited.

<sup>(7)</sup> The interest rate shown reflects the rate in effect as of December 31, 2025.

<sup>(8)</sup> The rate is the annualized seven-day yield as of December 31, 2025.

CME – Chicago Mercantile Exchange

LIBOR – London Interbank Offered Rate

LLC – Limited Liability Company

LP – Limited Partnership

PLC – Public Limited Company

REIT – Real Estate Investment Trust

SA – Corporation

SOFR – Secured Overnight Financing Rate

Tsy – United States Government Treasury Yield

The administrator of U.S. dollar LIBOR, ICE, ceased publication of daily U.S. dollar LIBOR panels after June 30, 2023. For securities where (i) issuers have announced replacement reference rates or (ii) the Adjustable Interest Rate (LIBOR) Act of 2022 was determined by the Adviser to apply, the new reference rate (usually Term SOFR) has been listed as the benchmark. The spread over that benchmark includes any tenor spread adjustment applicable upon benchmark transition. For all other securities, the original reference rate and spread continue to be listed.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Destra Investment Trust

- **b. Investment Company Act file number:** 811-22417

- **c. CIK number of Registrant:** 0001492374

- **d. LEI of Registrant:** 549300EE9KGVWPFMAY56

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

  - **Street Address 1:** 443 N. Willson Ave

  - **City:** Bozeman

  - **State:** MT

  - **Foreign country:** US

  - **Zip / Postal Code:** 59715

  - **Telephone number:** 312-843-6161

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

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

- **b. EDGAR series identifier (if any):** S000055298

- **c. LEI of Series:** 549300K5Z0UR6KCW6039

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $229577677.70

**Total Liabilities:** $888652.77

**Net Assets:** $228689024.93

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 491.46457400 | **1-Year:** 6462.93612100 | **5-Year:** 13102.49718300 | **10-Year:** 22042.00873800 | **30-Year:** 2242.89530500

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

- **3-Month:** 1332.65175600 | **1-Year:** 2350.25959600 | **5-Year:** 4194.75846400 | **10-Year:** 2726.24045600 | **30-Year:** 3491.90361200

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000174035 | 0.31%                | 0.26%                | 0.65%                |
| Class ID C000174036 | 0.25%                | 0.20%                | 0.57%                |
| Class ID C000174037 | 0.27%                | 0.34%                | 0.68%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-370.40                 | $-13860.54                                 |
| Month 2  | $-10893.86               | $-185340.92                                |
| Month 3  | $14788.27                | $63415.75                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES Corp.                                                                           | AES 7.6 01/15/55       | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    695000 | PA      | $708276.59    | 0.31%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER) | AER 6.95 03/10/55      | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    860000 | PA      | $902816.17    | 0.39%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER) | AER 6 1/2 01/31/56     | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    440000 | PA      | $455664.88    | 0.20%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Affiliated Managers Group, Inc.                                                     | AMG 6 3/4              | CUSIP: 008252827<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     21200 | NS      | $515160.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                             | AQNCN 6.2 07/01/79     | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     40895 | NS      | $1040777.75   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                             | AQNCN 4 3/4 01/18/2082 | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1485551.55   | 0.65%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                 | ALLY 4.7 PERP          | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1212560.71   | 0.53%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                 | ALLY 4.7 PERP          | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $763703.17    | 0.33%             | 2169-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Altagas Ltd                                                                         | ALACN 7.2 10/15/54     | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |    535000 | PA      | $555102.63    | 0.24%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| American Agcredit ACA                                                               | AAGACA 5 1/4 PERP      | CUSIP: 02369GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2438359.30   | 1.07%             | 2173-09-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                                    | AEP 3 7/8 02/15/62     | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1052985.40   | 0.46%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                                    | AEP 6.05 03/15/56      | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1081316.45   | 0.47%             | 2056-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                        | ANGINC 7 12/01/55      | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    485000 | PA      | $487578.75    | 0.21%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| American International Group Inc.                                                   | AIG 8.175 05/15/58     | CUSIP: 026874BS5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1540255.18   | 0.67%             | 2058-05-15      | Fixed         | 8.18%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Trust, Inc.                                                            | ABR 6 1/4 PERP         | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     68190 | NS      | $1483814.40   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust, Inc.                                                            | ABR 6 3/8 PERP         | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     10859 | NS      | $185145.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd                                                                  | ATH 4 7/8 PERP         | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     25200 | NS      | $429156.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd                                                                  | ATH 7 1/4              | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     27440 | NS      | $686548.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd                                                                  | ATH 6.35 PERP          | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    147374 | NS      | $3625400.40   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA Mexico SA                                                                      | BBVASM 5 7/8 09/13/34  | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $599448.56    | 0.26%             | 2034-09-13      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                                                      | BNP 8 1/2 PERP         | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2829000 | PA      | $3009818.36   | 1.32%             | 2173-08-14      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                                                      | BNP 7 3/4 PERP         | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    765000 | PA      | $811120.32    | 0.35%             | 2169-08-16      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                                                      | BNP 4 5/8 PERP         | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    425000 | PA      | $394095.62    | 0.17%             | 2173-08-25      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                                                      | BNP 7 3/8 PERP         | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    720000 | PA      | $754136.64    | 0.33%             | 2174-09-10      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| BNP Paribas SA                                                                      | BNP 7.45 PERP          | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1600000 | PA      | $1675020.80   | 0.73%             | 2173-06-27      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                                  | BBVASM 6 1/8 PERP      | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   2600000 | PA      | $2631428.80   | 1.15%             | 2173-02-16      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                                  | BBVASM 9 3/8 PERP      | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $1116788.00   | 0.49%             | 2173-09-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                  | BANORT 7 5/8 PERP      | CUSIP: 05962GAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    640000 | PA      | $658776.97    | 0.29%             | 2172-10-06      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                                                  | SANTAN 8 PERP          | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    800000 | PA      | $885585.60    | 0.39%             | 2173-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                  | SANTAN 4 3/4 PERP      | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6200000 | PA      | $6197422.04   | 2.71%             | 2173-08-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                  | SANTAN 9 5/8 PERP      | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $483253.31    | 0.21%             | 2173-02-21      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                  | BANORT 7 1/2 PERP      | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    610000 | PA      | $630973.63    | 0.28%             | 2172-09-27      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                  | BANORT 8 3/4 PERP      | CUSIP: 05971PAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    915000 | PA      | $980663.39    | 0.43%             | 2174-11-20      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Banco Mercantil del Norte S.A.                                                      | BANORT 6 5/8 PERP      | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    750000 | PA      | $736773.02    | 0.32%             | 2170-01-24      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | BAC 6 1/4 PERP         | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    605000 | PA      | $614785.88    | 0.27%             | 2173-07-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | BMO 7.3 11/26/2084     | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    355000 | PA      | $378682.05    | 0.17%             | 2084-11-26      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | BMO 6 7/8 11/26/2085   | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    525000 | PA      | $540646.58    | 0.24%             | 2085-11-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | BMO 7.7 05/26/2084     | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    670000 | PA      | $711844.05    | 0.31%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                 | BNS 8 5/8 10/27/2082   | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1062735.05   | 0.46%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                 | BNS 7.35 04/27/2085    | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    588000 | PA      | $611900.44    | 0.27%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                 | BNS 6 7/8 10/27/2085   | CUSIP: 06419GEE2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    570000 | PA      | $585277.89    | 0.26%             | 2085-10-27      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | BACR 4 3/8 PERP        | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $388240.40    | 0.17%             | 2172-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | BACR 8 PERP            | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $407038.90    | 0.18%             | 2169-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | BACR 9 5/8 PERP        | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    545000 | PA      | $619732.04    | 0.27%             | 2173-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | BACR 7 5/8 PERP        | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    610000 | PA      | $653296.58    | 0.29%             | 2173-09-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Bell Canada                                                                         | BCECN 7 09/15/55       | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |    740000 | PA      | $778055.98    | 0.34%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CNO Financial Group, Inc.                                                           | CNO 5 1/8              | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |     15000 | NS      | $285000.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                                                                     | CVS 7 03/10/55         | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    540000 | PA      | $566836.96    | 0.25%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                                  | CM 6.95 01/28/2085     | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $567151.20    | 0.25%             | 2085-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                         | COF 3.95 PERP          | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1018407.14   | 0.45%             | 2169-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 4.15 PERP            | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1556058.42   | 0.68%             | 2170-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 7 3/8 PERP           | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1291918.20   | 0.56%             | 2173-08-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 7 5/8 PERP           | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1266387.11   | 0.55%             | 2072-02-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 7 1/8 PERP           | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    890000 | PA      | $918055.47    | 0.40%             | 2174-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 7 PERP               | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    875000 | PA      | $923337.63    | 0.40%             | 2172-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 6 3/4 PERP           | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1431651.45   | 0.63%             | 2173-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 6 5/8 PERP           | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    570000 | PA      | $578781.63    | 0.25%             | 2174-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 6.95 PERP            | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    630000 | PA      | $649928.79    | 0.28%             | 2174-02-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | C 6 7/8 PERP           | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    540000 | PA      | $561465.06    | 0.25%             | 2175-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                        | CFG 7 3/8 PERP         | CUSIP: 174610600<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     25700 | NS      | $677195.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                                                        | CFG 6 1/2 PERP         | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     76480 | NS      | $1941827.20   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Cobank ACB                                                                          | COBKAC 6 1/4 PERP      | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503361.50    | 0.22%             | 2172-10-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Cobank ACB                                                                          | COBKAC 7 1/8 PERP      | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |    420000 | PA      | $438207.84    | 0.19%             | 2173-01-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Comerica Incorporated                                                               | CMA 6 7/8 PERP         | CUSIP: 200340701<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |     93770 | NS      | $2447397.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Compeer Financial, ACA                                                              | AGSTAR 4 7/8 PERP      | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246178.75    | 0.11%             | 2173-08-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Compeer Financial, ACA                                                              | AGSTAR 7 7/8 PERP      | CUSIP: 20453QAC6<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    295000 | PA      | $301994.45    | 0.13%             | 2175-02-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Connectone Bancorp Inc.                                                             | CNOB 5 1/4 PERP        | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |     42300 | NS      | $1035927.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc.                                                           | CRBG 6 3/8 09/15/54    | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    620000 | PA      | $625134.22    | 0.27%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                           | CRBG 6 7/8 PERP        | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    390000 | PA      | $401507.59    | 0.18%             | 2174-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                                | ACAFP 4 3/4 PERP       | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $437762.54    | 0.19%             | 2173-03-23      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                                | ACAFP 7 1/8 PERP       | CUSIP: 225313AT2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    465000 | PA      | $484498.38    | 0.21%             | 2175-09-23      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| DTE Energy Co.                                                                      | DTE 6 1/4              | CUSIP: 233331792<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |     21400 | NS      | $532646.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Delphi Financial Group, Inc.                                                        | TOMARI 8.5697          | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |    132129 | NS      | $3253676.63   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Dime Community Bancshares Inc.                                                      | DCOM 5 1/2 PERP        | CUSIP: 25432X201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     36000 | NS      | $644040.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.                                                      | DCOM 9                 | CUSIP: 25432X300<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13800 | NS      | $360180.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                                                 | D 4.35 PERP            | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    625000 | PA      | $620225.88    | 0.27%             | 2171-12-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                 | D 6 5/8 05/15/55       | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    865000 | PA      | $891824.52    | 0.39%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | EIX 5 3/8 PERP         | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    490000 | PA      | $490193.35    | 0.21%             | 2173-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Edison International                                                                | EIX 5 PERP             | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1773599.88   | 0.78%             | 2173-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                           | EMACN 6 3/4 06/15/2076 | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2806000 | PA      | $2830501.99   | 1.24%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | ENBCN 6 01/15/77       | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1252000 | PA      | $1259136.40   | 0.55%             | 2077-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | ENBCN 5 3/4 07/15/80   | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $344469.98    | 0.15%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | ENBCN 8 1/2 01/15/2084 | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    725000 | PA      | $831740.56    | 0.36%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                       | ENBCN 7 3/8 03/15/55   | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1460000 | PA      | $1546461.20   | 0.68%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                  | ET 7 1/8 PERP          | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1426009.38   | 0.62%             | 2169-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                  | ET 6 3/4 02/15/56      | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    420000 | PA      | $421830.36    | 0.18%             | 2056-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Enstar Group Ltd                                                                    | ESGR 7 PERP            | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |     45400 | NS      | $1073710.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Ltd                                                                    | ESGR 7 1/2 04/01/45    | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    825000 | PA      | $869580.53    | 0.38%             | 2045-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Enstar Finance Llc                                                                  | ESGR 5 1/2 01/15/42    | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $661792.84    | 0.29%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                 | ETR 7 1/8 12/01/54     | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    960000 | PA      | $1008636.85   | 0.44%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                 | ETR 6.1 06/15/56       | CUSIP: 29364GAS2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    460000 | PA      | $460349.89    | 0.20%             | 2056-06-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Equitable Holdings Inc                                                              | EQH 6.7 03/28/55       | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523339.50    | 0.23%             | 2055-03-28      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| EUSHI Finance Inc.                                                                  | EMACN 7 5/8 12/15/54   | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1078253.38   | 0.47%             | 2054-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| EUSHI Finance Inc.                                                                  | EMACN 6 1/4 04/01/56   | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $801799.44    | 0.35%             | 2056-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Everest Reinsurance Holdings, Inc.                                                  | RE 0 05/15/37          | CUSIP: 299808AE5<br>LEI: 254900P29PM5UJR3VU91 | Long             | DBT              | CORP              | US        |    196000 | PA      | $185115.94    | 0.08%             | 2037-05-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Evergy Inc                                                                          | EVRG 6.65 06/01/55     | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |    670000 | PA      | $688031.71    | 0.30%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life Inc.                                                           | FG 7.3                 | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18800 | NS      | $416044.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp.                                                                           | FMC 8.45 11/01/55      | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    700000 | PA      | $554631.51    | 0.24%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Farm Credit Bank of Texas                                                           | FARMCB 7 PERP          | CUSIP: 30767EAF6<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | EP               | USGSE             | US        |    435000 | PA      | $448712.78    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Investments Money Market Treasury Portfolio Class I                        | FID-TRSY PT-I          | CUSIP: 316175504<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   3472802 | PA      | $3472802.40   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc (Delaware)                                            | FCNCA 7 PERP           | CUSIP: 31959XAG8<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    835000 | PA      | $854336.10    | 0.37%             | 2176-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| First Horizon Corporation                                                           | FHN 6 1/2 PERP         | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |     17822 | NS      | $430935.96    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortegra Group Inc                                                                  | FRF 9 1/4 11/15/64     | CUSIP: 34962TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $469968.58    | 0.21%             | 2064-11-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                               | GM 5 3/4 PERP          | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    330000 | PA      | $326139.64    | 0.14%             | 2166-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                               | GM 6 1/2 PERP          | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601608.00    | 0.26%             | 2173-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                               | GM 5.7 PERP            | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    725000 | PA      | $731486.15    | 0.32%             | 2069-03-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                         | GBLATL 7.95 10/15/54   | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    585000 | PA      | $607316.58    | 0.27%             | 2054-10-15      | Fixed         | 7.95%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                         | GBLATL 7 1/4 03/01/56  | CUSIP: 37959GAH0<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    680000 | PA      | $684332.43    | 0.30%             | 2056-03-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                           | GS 7 1/2 PERP          | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1186305.12   | 0.52%             | 2172-11-10      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                           | GS 6 1/8 PERP          | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    640000 | PA      | $649267.84    | 0.28%             | 2174-11-10      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                           | GS 6.85 PERP           | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    395000 | PA      | $412356.05    | 0.18%             | 2175-01-24      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                           | GS 4 1/8 PERP          | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1585958.08   | 0.69%             | 2173-05-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                           | GS 4.95 PERP           | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2512842.50   | 1.10%             | 2168-08-10      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                           | GS 4.4 PERP            | CUSIP: 38144GAC5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    925000 | PA      | $930937.39    | 0.41%             | 2173-08-10      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC 6 1/2 PERP        | CUSIP: 404280BP3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $869844.10    | 0.38%             | 2173-09-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC 4.7 PERP          | CUSIP: 404280CQ0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1430917.80   | 0.63%             | 2173-09-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC 8 PERP            | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3174414.00   | 1.39%             | 2173-09-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC 6.95 PERP         | CUSIP: 404280EJ4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    540000 | PA      | $568573.02    | 0.25%             | 2173-09-11      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC 7.05 PERP         | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    465000 | PA      | $484745.76    | 0.21%             | 2173-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                  | HBAN 6 7/8 PERP        | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |     34400 | NS      | $873416.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated                                                  | HBAN 4.45 PERP         | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    355000 | PA      | $349358.49    | 0.15%             | 2069-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                  | HBAN 6 1/4 PERP        | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266199.13    | 0.12%             | 2174-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                      | INTNED 3 7/8 PERP      | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   2550000 | PA      | $2485750.71   | 1.09%             | 2172-11-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Jackson Financial Inc                                                               | JXN 8 PERP             | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     12500 | NS      | $325875.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust Inc.                                                  | KREF 6 1/2 PERP        | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |     87394 | NS      | $1596688.38   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                                             | KEY 6 1/8 PERP         | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    109439 | NS      | $2711898.42   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                                             | KEY 6.2 PERP           | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     45785 | NS      | $1162023.30   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                                             | KEY 5 PERP             | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    550000 | PA      | $547817.62    | 0.24%             | 2049-12-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kuvare United States Holdings Inc                                                   | KUVARE 7 02/17/51      | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1205856.00   | 0.53%             | 2051-02-17      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                                                   | LLAKES 8 PERP          | CUSIP: 514666AK2<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   3115000 | PA      | $3098130.41   | 1.35%             | 2165-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                                                   | LLAKES 7 1/4 PERP      | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |    700000 | PA      | $651000.00    | 0.28%             | 2065-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                          | LIBMUT 7.8 03/15/37    | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   6903000 | PA      | $7937050.00   | 3.47%             | 2037-03-15      | Fixed         | 7.80%                 | Yes           |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                          | LIBMUT 4 1/8 12/15/51  | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    830000 | PA      | $818681.43    | 0.36%             | 2051-12-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Lincoln National Corp.                                                              | LNC 9 PERP             | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |     15900 | NS      | $426597.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                                                              | LNC 9 1/4 PERP         | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    400000 | PA      | $429776.40    | 0.19%             | 2173-03-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | LLOYDS 6 5/8 PERP      | CUSIP: 539439BF5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    485000 | PA      | $484450.40    | 0.21%             | 2174-03-27      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | LLOYDS 8 PERP          | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2320000 | PA      | $2511717.84   | 1.10%             | 2170-03-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                                                | MTB 6.35 PERP          | CUSIP: 55261F849<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     20000 | NS      | $513200.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                                                                | MTB 5 5/8 PERP         | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    155674 | NS      | $3834250.62   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                                                                | MTB 3 1/2 PERP         | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    650000 | PA      | $633496.31    | 0.28%             | 2173-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                        | MET 10 3/4 08/01/39    | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1591000 | PA      | $2128966.42   | 0.93%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                        | MET 9 1/4 04/08/38     | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1932814.83   | 0.85%             | 2038-04-08      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | MS 6 5/8 PERP          | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14000 | NS      | $365820.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC                                                                   | NWG 4.6 PERP           | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $325700.34    | 0.14%             | 2172-09-30      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                   | NWG 8 1/8 PERP         | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $225616.40    | 0.10%             | 2172-06-30      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Flagstar Bank National Association                                                  | NYCB 6 3/8 PERP        | CUSIP: 649445202<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EP               | CORP              | US        |    165623 | NS      | $3743079.80   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Adamas Trust Inc.                                                                   | NYMT 6 7/8 PERP        | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     26000 | NS      | $581880.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                 | NEE 6.7 09/01/54       | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    355000 | PA      | $369068.30    | 0.16%             | 2054-09-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Northwest Natural Holding Company                                                   | NWN 7 09/15/55         | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |    605000 | PA      | $633441.05    | 0.28%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                   | PNC 3.4 PERP           | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    476000 | PA      | $467005.31    | 0.20%             | 2172-12-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                   | PNC 6 PERP             | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2159849.27   | 0.94%             | 2173-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                   | PNC 6.2 PERP           | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    610000 | PA      | $620422.46    | 0.27%             | 2172-12-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                   | PNC 6 1/4 PERP         | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1859626.80   | 0.81%             | 2173-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TXNM Energy Inc.                                                                    | TXNM 7 07/31/56        | CUSIP: 69349HAJ6<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499149.77    | 0.22%             | 2056-07-31      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Phillips 66 Co.                                                                     | PSX 6.2 03/15/56       | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1086120.17   | 0.47%             | 2056-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Provident Financing Trust I                                                         | UNM 7.405 03/15/38     | CUSIP: 743863AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4897921.55   | 2.14%             | 2038-03-15      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| Qwest Corporation                                                                   | CTL 6 3/4              | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     36585 | NS      | $695115.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Qwest Corporation                                                                   | CTL 6 1/2              | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     12347 | NS      | $231876.66    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation                                                       | RF 5.7 PERP            | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     90500 | NS      | $2125845.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corporation                                                       | RF 6.95 PERP           | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     89000 | NS      | $2261490.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated                                          | RGA 6.65 09/15/55      | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    235000 | PA      | $243783.36    | 0.11%             | 2055-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                          | RCICN 7 1/8 04/15/55   | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    560000 | PA      | $591258.56    | 0.26%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | RY 7 1/2 05/02/2084    | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    664000 | PA      | $705290.18    | 0.31%             | 2084-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | RY 6.35 11/24/2084     | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1075697.59   | 0.47%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | RY 6 3/4 08/24/2085    | CUSIP: 780082AV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    420000 | PA      | $436605.12    | 0.19%             | 2085-08-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | RY 6 1/2 11/24/2085    | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    635000 | PA      | $635894.02    | 0.28%             | 2085-11-24      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SCE Trust VII                                                                       | EIX 7 1/2 PERP         | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     19500 | NS      | $492960.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SBL Holdings Inc.                                                                   | SECBEN 7 PERP CORP     | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1207217.33   | 0.53%             | 2168-05-13      | Fixed         | 9.51%                 | Yes           |                  2 | On Loan: No      |
| SBL Holdings Inc.                                                                   | SECBEN 6 1/2 PERP      | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1216352.42   | 0.53%             | 2174-11-13      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| SCE Trust V                                                                         | EIX 5.45 PERP          | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    120277 | NS      | $3029777.63   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust VI                                                                        | SCE TRUST VI           | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     39010 | NS      | $679164.10    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust VIII                                                                      | EIX 6.95 PERP          | CUSIP: 80620A208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20500 | NS      | $487285.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation                                                      | SCHW 4 PERP            | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1143679.78   | 0.50%             | 2169-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                              | SRE 4 1/8 04/01/52     | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1425935.51   | 0.62%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                              | SRE 6 7/8 10/01/54     | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1619528.79   | 0.71%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                              | SRE 6.4 10/01/54       | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    620000 | PA      | $630964.39    | 0.28%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                               | SOCGEN 6 3/4 PERP      | CUSIP: 83367TBU2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $254063.75    | 0.11%             | 2172-10-06      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale S.A.                                                               | SOCGEN 5 3/8 PERP      | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $863183.16    | 0.38%             | 2173-05-18      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale S.A.                                                               | SOCGEN 4 3/4 PERP      | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $897794.37    | 0.39%             | 2172-11-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale S.A.                                                               | SOCGEN 9 3/8 PERP      | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    700000 | PA      | $748266.40    | 0.33%             | 2173-05-22      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale S.A.                                                               | SOCGEN 8 1/2 PERP      | CUSIP: 83370RAD0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1700000 | PA      | $1863415.90   | 0.81%             | 2173-09-25      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.                                     | SOBOCN 7 1/2 03/01/55  | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    505000 | PA      | $540084.35    | 0.24%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                                                           | SR 6.45 06/01/56       | CUSIP: 84857LAE1<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474762.91    | 0.21%             | 2056-06-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | STANLN 4 3/4 PERP      | CUSIP: 853254BX7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $378059.64    | 0.17%             | 2173-07-14      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | STANLN 7 3/4 PERP      | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1910000 | PA      | $1989859.01   | 0.87%             | 2173-02-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                                                  | STT 6.7 PERP           | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    700000 | PA      | $727800.50    | 0.32%             | 2174-03-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Stifel Financial Corporation                                                        | SF 4 1/2 PERP          | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     17784 | NS      | $304106.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunoco LP                                                                           | SUN 7 7/8 PERP         | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    410000 | PA      | $421496.40    | 0.18%             | 2175-09-18      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Synovus Financial Corp.                                                             | SNV 8.397 PERP         | CUSIP: 87161C709<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |    127922 | NS      | $3306783.70   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                                                 | SYF 5 5/8 PERP         | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     46000 | NS      | $901140.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                                                 | SYF 8 1/4 PERP         | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     44600 | NS      | $1172534.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Operating Group II LP                                                           | TPG 6.95               | CUSIP: 872652102<br>LEI: 2549001H9RJQNZT7MU11 | Long             | EP               | CORP              | US        |      4494 | NS      | $111675.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE Finance Trust Inc.                                                           | TRTX 6 1/4 PERP        | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20598 | NS      | $370764.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Telus Corp.                                                                         | TCN 7 10/15/55         | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |    390000 | PA      | $406140.54    | 0.18%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                      | TCBI 5 3/4 PERP        | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |     32043 | NS      | $643423.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                      | TCBI 4 05/06/31        | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    575000 | PA      | $568243.98    | 0.25%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                           | TD 7 1/4 07/31/2084    | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    345000 | PA      | $363799.40    | 0.16%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TransCanada Trust                                                                   | TRPCN 5 7/8 08/15/76   | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   1350000 | PA      | $1356762.15   | 0.59%             | 2076-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                              | TFC 6.669 PERP         | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1098000 | PA      | $1104984.38   | 0.48%             | 2173-03-01      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS 4 3/8 PERP         | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    600000 | PA      | $552687.84    | 0.24%             | 2169-08-10      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS 4 7/8 PERP         | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    800000 | PA      | $795802.48    | 0.35%             | 2173-08-12      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| UMB Financial Corp.                                                                 | UMBF 7 3/4 PERP        | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |     34400 | NS      | $928800.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Insurance Holdings Inc                                                    | UVE 5 5/8 11/30/26     | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |    460000 | PA      | $454070.06    | 0.20%             | 2026-11-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Valley National Bancorp.                                                            | VLY 6 1/4 PERP         | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     30345 | NS      | $767425.05    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                                                            | VLY 8.53086 PERP       | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |      2022 | NS      | $51419.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                                                            | VLY 8 1/4 PERP         | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |      6100 | NS      | $159576.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Global                                                                    | PARA 6 3/8 03/30/62    | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1605421.39   | 0.70%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                         | VST 7 PERP             | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $178710.64    | 0.08%             | 2170-06-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| WaFd Inc                                                                            | WAFD 4 7/8 PERP        | CUSIP: 938824307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20300 | NS      | $340228.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                                                   | WFC 7 1/2 PERP         | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |       267 | NS      | $323604.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                                                                        | WSBC 7 3/8 PERP        | CUSIP: 950810887<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     61532 | NS      | $1586910.28   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                                                            | WAL 4 1/4 PERP         | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |     12900 | NS      | $292572.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation                                                      | WTFC 7 7/8 PERP        | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |     23800 | NS      | $616182.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                                                     | XEL 6 1/4              | CUSIP: 98389B878<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EP               | CORP              | US        |     87600 | NS      | $2186496.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                                          | ZION 6.816 11/19/35    | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $532367.44    | 0.23%             | 2035-11-19      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                                       | AHL 5 5/8 PERP         | CUSIP: G05384162<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     25000 | NS      | $490000.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PartnerRe Ltd.                                                                      | PRE 4 7/8 PERP         | CUSIP: G68603169<br>LEI: 7LLHQS68KCIGNZBR7918 | Long             | EP               | CORP              | BM        |     55898 | NS      | $955855.80    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Destra Investment Trust

**Signature:** Derek Mullins

**Name of Signer:** Derek Mullins

**Title:** Chief Financial Officer