# EDGAR Filing Document

**Accession Number:** 0001174164
**File Stem:** 0001752724-25-179045
**Filing Date:** 2025-7
**Character Count:** 106580
**Document Hash:** 7863f495ba026ea2b38e76945d3546c8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-179045.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-179045

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Flaherty & Crumrine PREFERRED & INCOME SECURITIES FUND INC
- **CENTRAL INDEX KEY:** 0001174164

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21129
- **FILM NUMBER:** 251150662

**BUSINESS ADDRESS:**
- **STREET 1:** 301 E COLORADO BLVD STE 800
- **STREET 2:** C/O FLAHERTY & CRUMRINE INC
- **CITY:** PASADENA
- **STATE:** CA
- **ZIP:** 91101
- **BUSINESS PHONE:** (626) 795-7300

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Flaherty & Crumrine PREFERRED SECURITIES INCOME FUND INC
- **DATE OF NAME CHANGE:** 20130307

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Flaherty & Crumrine/CLAYMORE PREFERRED SECURITIES INCOME FUND INC
- **DATE OF NAME CHANGE:** 20050708

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** F&C/CLAYMORE PREFERRED SECURITIES INCOME FUND INC
- **DATE OF NAME CHANGE:** 20020702

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-21129

- **c. CIK number of Registrant:** 0001174164

- **d. LEI of Registrant:** 254900A8P8RQUXES1M50

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

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

  - **City:** Pasadena

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 91101

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

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

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

- **c. LEI of Series:** 254900A8P8RQUXES1M50

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1331935770.52

**Total Liabilities:** $518034757.99

**Net Assets:** $813901012.53

**Delayed Delivery Securities:** $5102500.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 40657.00000000 | **1-Year:** 145056.00000000 | **5-Year:** 150843.00000000 | **10-Year:** 92069.00000000 | **30-Year:** 27434.00000000

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

- **3-Month:** 19274.00000000 | **1-Year:** 68214.00000000 | **5-Year:** 73465.00000000 | **10-Year:** 63629.00000000 | **30-Year:** 23694.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -0.36%               | -3.82%               | 3.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3442.50                 | $-15137968.81                              |
| Month 2  | $889044.27               | $-15302888.14                              |
| Month 3  | $3250.29                 | $10386473.83                               |

### Schedule of Portfolio Investments

| Name                             | Title                                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4170000 | PA      | $4207784.37   | 0.52%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                | NatWest Group PLC                                                            | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1464292.79   | 0.18%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| KKR REAL ESTATE FIN              | KKR Real Estate Finance Trust Inc                                            | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |    412300 | NS      | $7792470.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5678927.40   | 0.70%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4150000 | PA      | $4075472.64   | 0.50%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                 | Paramount Global                                                             | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $7727876.38   | 0.95%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC           | CenterPoint Energy Inc                                                       | CUSIP: 15189TBJ5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   4070000 | PA      | $4150113.88   | 0.51%             | 2055-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP          | American National Group Inc                                                  | CUSIP: 025676867<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    130560 | NS      | $3258777.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE BANK                     | Cadence Bank                                                                 | CUSIP: 12740C202<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EP               | CORP              | US        |    130900 | NS      | $2636326.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC         | Liberty Mutual Group Inc                                                     | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $3804006.85   | 0.47%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| QWEST CORP                       | Qwest Corp                                                                   | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |    155921 | NS      | $2912604.28   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4135000 | PA      | $4311742.31   | 0.53%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1859000 | PA      | $1973718.89   | 0.24%             | N/A             | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1352354.27   | 0.17%             | N/A             | Fixed         | 7.56%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                     | Comerica Inc                                                                 | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |  28365000 | PA      | $28384220.12  | 3.49%             | N/A             | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L         | RenaissanceRe Holdings Ltd                                                   | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |    125310 | NS      | $1953582.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738ECN3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3350000 | PA      | $3706239.00   | 0.46%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP          | Wintrust Financial Corp                                                      | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    141720 | NS      | $3620946.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL BANK OF CANADA             | Royal Bank of Canada                                                         | CUSIP: 780082AR4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   4016000 | PA      | $4185041.47   | 0.51%             | 2084-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                | State Street Corp                                                            | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4348897.50   | 0.53%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| NORTHWEST NATURAL HOLDI          | Northwest Natural Holding Co                                                 | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |   3255000 | PA      | $3252016.14   | 0.40%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEHMAN BROS HLDG-ESCROW          | LEHMAN BROS HLDG-ESCROW                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     34000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| QWEST CORP                       | Qwest Corp                                                                   | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |    127729 | NS      | $2334886.12   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                      | MetLife Inc                                                                  | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |  18250000 | PA      | $21419605.25  | 2.63%             | 2038-04-08      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| TPG OPERATING GROUP II           | TPG Operating Group II LP                                                    | CUSIP: 872652102<br>LEI: 2549001H9RJQNZT7MU11 | Long             | EP               | CORP              | US        |    116533 | NS      | $2818933.27   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL             | Edison International                                                         | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   7744000 | PA      | $6931731.84   | 0.85%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                    | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2370000 | PA      | $2341986.43   | 0.29%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   6200000 | PA      | $6133043.10   | 0.75%             | 2077-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL             | Edison International                                                         | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2236956.78   | 0.27%             | N/A             | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  15640000 | PA      | $16586939.44  | 2.04%             | N/A             | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                                              | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4302033.12   | 0.53%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                       | Evergy Inc                                                                   | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   3520000 | PA      | $3492989.28   | 0.43%             | 2055-06-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| SCE TRUST VIII                   | SCE Trust VIII                                                               | CUSIP: 80620A208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    123400 | NS      | $2680248.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                                                   | CUSIP: 14040HDL6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3717264.87   | 0.46%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SCE TRUST II                     | SCE Trust II                                                                 | CUSIP: 78407R204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       737 | NS      | $12904.87     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                                                 | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2800000 | PA      | $2461122.72   | 0.30%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2173138.30   | 0.27%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| COMED FINANCING III              | ComEd Financing III                                                          | CUSIP: 20035AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6328000 | PA      | $6429975.85   | 0.79%             | 2033-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA             | Royal Bank of Canada                                                         | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5850000 | PA      | $5511692.16   | 0.68%             | 2084-11-24      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| FT REAL ESTATE SECS CO           | FT Real Estate Securities Co Inc                                             | CUSIP: 302663208<br>LEI: 0002671824           | Long             | EP               | CORP              | US        |         9 | NS      | $10035000.00  | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                                                 | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1644072.22   | 0.20%             | N/A             | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL              | Synchrony Financial                                                          | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    269800 | NS      | $6734208.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G ANNUITIES & LIFE INC         | F&G Annuities & Life Inc                                                     | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    101900 | NS      | $2369175.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| COBANK ACB                       | CoBank ACB                                                                   | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |   2498000 | PA      | $2506640.58   | 0.31%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280EJ4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2900000 | PA      | $2889696.59   | 0.36%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     81000 | NS      | $2082510.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3504000 | PA      | $3500757.40   | 0.43%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC               | ALLY FINANCIAL INC                                                           | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   3875000 | PA      | $3394395.38   | 0.42%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                     | NiSource Inc                                                                 | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1696731.60   | 0.21%             | 2055-03-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                | Transcanada Trust                                                            | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2986409.10   | 0.37%             | 2076-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $3768503.22   | 0.46%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON CORP               | First Horizon Corp                                                           | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |     87500 | NS      | $2002875.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6490593.90   | 0.80%             | N/A             | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                 | Land O' Lakes Inc                                                            | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   7900000 | PA      | $6734960.14   | 0.83%             | N/A             | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC         | Lloyds Banking Group PLC                                                     | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $477210.18    | 0.06%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ANNALY CAPITAL MGMT              | Annaly Capital Management Inc                                                | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     19210 | NS      | $489662.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                                          | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2810909.98   | 0.35%             | N/A             | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA              | Bank of Nova Scotia/The                                                      | CUSIP: 0641598V1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   4450000 | PA      | $4699480.35   | 0.58%             | 2084-01-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    181737 | NS      | $4637928.24   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARE         | Dime Community Bancshares Inc                                                | CUSIP: 25432X300<br>LEI: 0002487650           | Long             | EP               | CORP              | US        |     83600 | NS      | $2183632.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG         | Banco Bilbao Vizcaya Argentaria SA                                           | CUSIP: 05946KAM3<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   8600000 | PA      | $9460524.60   | 1.16%             | N/A             | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL           | NextEra Energy Capital Holdings Inc                                          | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3074871.00   | 0.38%             | 2054-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WAFD INC                         | WaFd Inc                                                                     | CUSIP: 938824307<br>LEI: 0003065617           | Long             | EP               | CORP              | US        |    100000 | NS      | $1532000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSURANT INC                     | Assurant Inc                                                                 | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |     75058 | NS      | $1483146.08   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BRITISH TELECOMMUNICATIO         | British Telecommunications PLC                                               | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   2365000 | PA      | $2153341.96   | 0.26%             | 2081-11-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| KUVARE US HOLDINGS INC           | Kuvare US Holdings Inc                                                       | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4198491.78   | 0.52%             | 2051-02-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP           | Synovus Financial Corp                                                       | CUSIP: 87161C709<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |    517613 | NS      | $13406176.70  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2100000 | PA      | $2091946.08   | 0.26%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TPG RE FINANCE TRUST INC         | TPG RE Finance Trust Inc                                                     | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    120700 | NS      | $2156909.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPEER FINANCIAL ACA            | Compeer Financial ACA                                                        | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1109750.10   | 0.14%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP         | Citizens Financial Group Inc                                                 | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |  10085000 | PA      | $10019669.37  | 1.23%             | N/A             | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3310000 | PA      | $3278197.85   | 0.40%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| STIFEL FINANCIAL CORP            | Stifel Financial Corp                                                        | CUSIP: 860630706<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    122000 | NS      | $2812100.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GRP OF AMER          | Reinsurance Group of America Inc                                             | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1269577.88   | 0.16%             | 2055-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| SCE TRUST V                      | SCE Trust V                                                                  | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    195025 | NS      | $4471923.25   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ING GROEP NV                     | ING Groep NV                                                                 | CUSIP: 000000000<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $3085905.00   | 0.38%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY          | Algonquin Power & Utilities Corp                                             | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |    360410 | NS      | $9222891.90   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                                                | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   3075000 | PA      | $2888948.36   | 0.35%             | N/A             | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1899806.61   | 0.23%             | N/A             | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AXIS CAPITAL HLDGS LTD           | Axis Capital Holdings Ltd                                                    | CUSIP: 05461T305<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EP               | CORP              | BM        |     36301 | NS      | $728198.06    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLY FINANCIAL INC               | Ally Financial Inc                                                           | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5790000 | PA      | $5488348.53   | 0.67%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                                                 | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4947617.07   | 0.61%             | N/A             | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL           | NextEra Energy Capital Holdings Inc                                          | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3412726.20   | 0.42%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                 | SBL Holdings Inc                                                             | CUSIP: 78397DAA6<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   5450000 | PA      | $5326949.03   | 0.65%             | N/A             | Fixed         | 9.51%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP          | Wintrust Financial Corp                                                      | CUSIP: 97650W504<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    265000 | NS      | $6683300.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3206526.32   | 0.39%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| FULTON FINANCIAL CORP            | Fulton Financial Corp                                                        | CUSIP: 360271308<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EP               | CORP              | US        |     47330 | NS      | $842474.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO                      | Southern Co/The                                                              | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3840899.42   | 0.47%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5205960.76   | 0.64%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                  | Global Atlantic Fin Co                                                       | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   6640000 | PA      | $6442455.62   | 0.79%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5833000 | PA      | $5870354.53   | 0.72%             | N/A             | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP              | Fifth Third Bancorp                                                          | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |   1019596 | NS      | $26193421.24  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ELECTRIC POWER          | American Electric Power Co Inc                                               | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   6010000 | PA      | $5752575.47   | 0.71%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC                 | Land O' Lakes Inc                                                            | CUSIP: 514666AK2<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   9500000 | PA      | $8737939.45   | 1.07%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                                                 | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    890000 | PA      | $1018328.21   | 0.13%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| UMB FINANCIAL CORP               | UMB FINANCIAL CORP                                                           | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |    204100 | NS      | $5157607.00   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA              | Bank of Nova Scotia/The                                                      | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   3205000 | PA      | $3222258.93   | 0.40%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP           | Bank of New York Mellon Corp/The                                             | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     67600 | NS      | $1712984.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC         | Corebridge Financial Inc                                                     | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3326723.71   | 0.41%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  10230000 | PA      | $10922990.43  | 1.34%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                                       | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    562640 | NS      | $12760675.20  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER AGCREDIT ACA                | American AgCredit Corp                                                       | CUSIP: 02369GAA3<br>LEI: 0002558989           | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2653000.00   | 0.33%             | N/A             | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER         | Enterprise Products Operating LLC                                            | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3649925.68   | 0.45%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                      | Vistra Corp                                                                  | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    820000 | PA      | $834546.80    | 0.10%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DIME COMMUNITY BANCSHARE         | Dime Community Bancshares Inc                                                | CUSIP: 25432X201<br>LEI: 0002487650           | Long             | EP               | CORP              | US        |    165000 | NS      | $2857800.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   3425000 | PA      | $3347805.64   | 0.41%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| WEBSTER FINANCIAL CORP           | Webster Financial Corp                                                       | CUSIP: 947890703<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |     59724 | NS      | $1359915.48   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC              | Dominion Energy Inc                                                          | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3184112.10   | 0.39%             | N/A             | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| LEHMAN BROS HLDG-ESCROW          | LEHMAN BROS HLDG-ESCROW                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONNECTONE BANCORP INC           | ConnectOne Bancorp Inc                                                       | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |    201500 | NS      | $4574050.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP INC          | CNO Financial Group Inc                                                      | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |     67400 | NS      | $1185566.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NEVADA POWER CO                  | Nevada Power Co                                                              | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |   1016000 | PA      | $1002101.09   | 0.12%             | 2055-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1600000 | PA      | $1547969.87   | 0.19%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                 | Bank of Montreal                                                             | CUSIP: 06368L5Q5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2085000 | PA      | $2089787.16   | 0.26%             | 2084-11-26      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                                                   | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4817525.13   | 0.59%             | N/A             | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                                                | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1872831.53   | 0.23%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK           | Canadian Imperial Bank of Commerce                                           | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2925000 | PA      | $2910599.64   | 0.36%             | 2085-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS           | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   2800000 | PA      | $2692893.00   | 0.33%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN         | Rogers Communications Inc                                                    | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   3020000 | PA      | $3025907.94   | 0.37%             | 2055-04-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1190718.24   | 0.15%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COBANK ACB                       | CoBank ACB                                                                   | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGSE             | US        |   2275000 | PA      | $2317631.23   | 0.28%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                      | MetLife Inc                                                                  | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |  15807000 | PA      | $20749232.43  | 2.55%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC               | Vodafone Group PLC                                                           | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1030130.00   | 0.13%             | 2079-04-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   6790000 | PA      | $7088026.68   | 0.87%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05971PAE8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   4113000 | PA      | $4105364.22   | 0.50%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FINANCING TR I         | Provident Financing Trust I                                                  | CUSIP: 743863AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  26660000 | PA      | $28294982.09  | 3.48%             | 2038-03-15      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5350000 | PA      | $5423375.25   | 0.67%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC           | Standard Chartered PLC                                                       | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |  10355000 | PA      | $10697108.49  | 1.31%             | N/A             | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                 | SBL Holdings Inc                                                             | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $5732012.79   | 0.70%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC           | Equitable Holdings Inc                                                       | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2717219.84   | 0.33%             | 2055-03-28      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO           | Global Atlantic Fin Co                                                       | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3085140.00   | 0.38%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3255000 | PA      | $3308642.40   | 0.41%             | N/A             | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| VALLEY NATIONAL BANCORP          | Valley National Bancorp                                                      | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    161650 | NS      | $4044483.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RAYMOND JAMES FINANCIAL          | Raymond James Financial Inc                                                  | CUSIP: 754730406<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EP               | CORP              | US        |     87000 | NS      | $2217630.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA               | Banco Santander SA                                                           | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6200000 | PA      | $6492410.60   | 0.80%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      1353 | NS      | $1537008.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD           | Arch Capital Group Ltd                                                       | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |     56500 | NS      | $1154860.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                  | CVS Health Corp                                                              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2857640.61   | 0.35%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2575000 | PA      | $2529114.22   | 0.31%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA         | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                    | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5045000 | PA      | $5178129.63   | 0.64%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| EVEREST REINSURANCE HLDG         | Everest Reinsurance Holdings Inc                                             | CUSIP: 299808AE5<br>LEI: 254900P29PM5UJR3VU91 | Long             | DBT              | CORP              | US        |   7310000 | PA      | $7085627.59   | 0.87%             | 2037-05-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                      | Southern Co/The                                                              | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1619917.44   | 0.20%             | 2055-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| KEYCORP                          | KeyCorp                                                                      | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    456653 | NS      | $11101234.43  | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROU         | Affiliated Managers Group Inc                                                | CUSIP: 008252827<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    124200 | NS      | $2897586.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC CORP                         | FMC Corp                                                                     | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   4170000 | PA      | $4215140.25   | 0.52%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4150000 | PA      | $3712572.57   | 0.46%             | N/A             | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER          | American Electric Power Co Inc                                               | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   5285000 | PA      | $5417331.12   | 0.67%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                                             | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     97868 | NS      | $1773368.16   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| LAND O'LAKES INC                 | Land O' Lakes Inc                                                            | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $5583928.12   | 0.69%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC           | Standard Chartered PLC                                                       | CUSIP: 853254BX7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1900000 | PA      | $1691524.40   | 0.21%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds T-Fund | BlackRock Liquidity Funds T-Fund                                             | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |  19549478 | NS      | $19549477.50  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP            | Truist Financial Corp                                                        | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2389039.10   | 0.29%             | N/A             | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1975000 | PA      | $1807648.97   | 0.22%             | N/A             | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                                                   | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     78800 | NS      | $1477500.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1622425.60   | 0.20%             | N/A             | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK            | Toronto-Dominion Bank/The                                                    | CUSIP: 89116CKP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2085000 | PA      | $2135292.29   | 0.26%             | 2084-07-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP         | Citizens Financial Group Inc                                                 | CUSIP: 174610600<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    154400 | NS      | $3995872.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP              | Fifth Third Bancorp                                                          | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    121339 | NS      | $2919416.34   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD         | Aspen Insurance Holdings Ltd                                                 | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     65962 | NS      | $1327155.44   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA               | Banco Santander SA                                                           | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6600000 | PA      | $7605114.00   | 0.93%             | N/A             | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                                                | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     89600 | NS      | $2224768.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHPOINTE BANCSHARES I         | Northpointe Bancshares Inc                                                   | CUSIP: 66661N308<br>LEI: 549300EYMKMD4WKEKP72 | Long             | EP               | CORP              | US        |    280000 | NS      | $6895000.00   | 0.85%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NISOURCE INC                     | NiSource Inc                                                                 | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3231052.65   | 0.40%             | 2054-11-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3484154.26   | 0.43%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL           | NextEra Energy Capital Holdings Inc                                          | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2138000 | PA      | $2172725.40   | 0.27%             | 2054-09-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| UMB FINANCIAL CORP               | UMB Financial Corp                                                           | CUSIP: 902788207<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |    178400 | NS      | $4499248.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BELL CANADA                      | Bell Telephone Co of Canada or Bell Canada                                   | CUSIP: 0778FPAQ2<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4020804.00   | 0.49%             | 2055-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DELPHI FINANCIAL GROUP           | Delphi Financial Group Inc                                                   | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |    805950 | NS      | $19443543.75  | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                 | Enstar Group Ltd                                                             | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |    254000 | NS      | $5478780.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                                           | CUSIP: 04686J309<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     75800 | NS      | $1910160.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN EXPRESS CO              | American Express Co                                                          | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3199526.58   | 0.39%             | N/A             | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                                          | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6300000 | PA      | $6584687.93   | 0.81%             | N/A             | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                  | CMS Energy Corp                                                              | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $2008371.16   | 0.25%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05971PAB4<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1688000 | PA      | $1675246.65   | 0.21%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BANCORP         | Western Alliance Bancorp                                                     | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |    106500 | NS      | $2390925.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR FINANCIAL INC           | Flagstar Financial Inc                                                       | CUSIP: 649445202<br>LEI: 529900HVXOTLY61GL030 | Long             | EP               | CORP              | US        |   1005702 | NS      | $21451623.66  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                                       | CUSIP: 7591EPAR1<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1888175.47   | 0.23%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES         | Texas Capital Bancshares Inc                                                 | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |    147500 | NS      | $2954425.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST VII                    | SCE Trust VII                                                                | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    185800 | NS      | $4256678.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                                         | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  15180000 | PA      | $15246078.54  | 1.87%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP            | Truist Financial Corp                                                        | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4332423.39   | 0.53%             | N/A             | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                                           | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    114400 | NS      | $1940224.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AG                 | Deutsche Bank AG                                                             | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1600000 | PA      | $1594723.04   | 0.20%             | N/A             | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61745VAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2634499.40   | 0.32%             | N/A             | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC           | Arbor Realty Trust Inc                                                       | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |    315025 | NS      | $6432810.50   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| EUSHI FINANCE INC                | EUSHI Finance Inc                                                            | CUSIP: 29882DAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6275000 | PA      | $6431127.46   | 0.79%             | 2054-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    393532 | NS      | $9051236.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   3400000 | PA      | $3096507.50   | 0.38%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                     | AES Corp/The                                                                 | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   4190000 | PA      | $4233626.28   | 0.52%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER          | Reinsurance Group of America Inc                                             | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |    224459 | NS      | $5777574.66   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                                          | CUSIP: 83367TBU2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  17750000 | PA      | $17217934.88  | 2.12%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280FA2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2750000 | PA      | $2757123.85   | 0.34%             | N/A             | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                 | Bank of Montreal                                                             | CUSIP: 06368LQ58<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4010000 | PA      | $4146107.42   | 0.51%             | 2084-05-26      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL INSURANCE HLDS         | Universal Insurance Holdings Inc                                             | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2117292.52   | 0.26%             | 2026-11-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                      | AltaGas Ltd                                                                  | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | CA        |   2845000 | PA      | $2789629.76   | 0.34%             | 2054-10-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP             | Bank of America Corp                                                         | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1872429.58   | 0.23%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2050000 | PA      | $1783321.04   | 0.22%             | N/A             | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                                                 | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2070000 | PA      | $2164110.48   | 0.27%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                                                 | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3600000 | PA      | $3476606.04   | 0.43%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTL GROUP              | American International Group Inc                                             | CUSIP: 026874BS5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   9020000 | PA      | $9708039.92   | 1.19%             | 2058-05-15      | Fixed         | 8.18%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC         | Lloyds Banking Group PLC                                                     | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  10350000 | PA      | $10904977.35  | 1.34%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG         | Banco Bilbao Vizcaya Argentaria SA                                           | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |  12800000 | PA      | $12347572.10  | 1.52%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                                           | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    552800 | NS      | $12902352.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| THE FORTEGRA GROUP INC           | Fortegra Group Inc/The                                                       | CUSIP: 34962TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2437875.00   | 0.30%             | 2064-11-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP            | Lincoln National Corp                                                        | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2445708.50   | 0.30%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC           | Arbor Realty Trust Inc                                                       | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     58799 | NS      | $1010166.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4210000 | PA      | $4578875.99   | 0.56%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EMERA INC                        | Emera Inc                                                                    | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |  12170000 | PA      | $12260204.04  | 1.51%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                                                 | CUSIP: 29250NCG8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   8920000 | PA      | $9073464.50   | 1.11%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD         | South Bow Canadian Infrastructure Holdings Ltd                               | CUSIP: 836720AH5<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   2915000 | PA      | $2909625.91   | 0.36%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL           | NextEra Energy Capital Holdings Inc                                          | CUSIP: 302570AX4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    717000 | PA      | $667728.28    | 0.08%             | 2067-06-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| SEMPRA                           | Sempra                                                                       | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $5877096.20   | 0.72%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE         | First Citizens BancShares Inc/NC                                             | CUSIP: 319626305<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |     82000 | NS      | $1702320.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP          | Valley National Bancorp                                                      | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     35600 | NS      | $883592.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY CORP                     | Entergy Corp                                                                 | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   5780000 | PA      | $5923817.96   | 0.73%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL INSURANCE         | Liberty Mutual Insurance Co                                                  | CUSIP: 53079QAD9<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |  13500000 | PA      | $14717638.44  | 1.81%             | 2097-10-15      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| JACKSON FINANCIAL INC            | Jackson Financial Inc                                                        | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     67900 | NS      | $1764042.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY          | Algonquin Power & Utilities Corp                                             | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   5750000 | PA      | $5506281.08   | 0.68%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC              | Dominion Energy Inc                                                          | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   7045000 | PA      | $7420674.63   | 0.91%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                 | Enstar Group Ltd                                                             | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   2400000 | PA      | $2435997.60   | 0.30%             | 2045-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                                              | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1196887.59   | 0.15%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                     | ING Groep NV                                                                 | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   3275000 | PA      | $3025184.67   | 0.37%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                | NatWest Group PLC                                                            | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1215000 | PA      | $1291263.50   | 0.16%             | N/A             | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                                               | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    519272 | NS      | $13153159.76  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6425000 | PA      | $6717838.65   | 0.83%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                                           | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4930906.30   | 0.61%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CAP TRST III         | PECO Energy Capital Trust III                                                | CUSIP: 69331VAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2386000 | PA      | $2510510.86   | 0.31%             | 2028-04-06      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| KEYCORP                          | KeyCorp                                                                      | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    259258 | NS      | $6429598.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WESBANCO INC                     | WesBanco Inc                                                                 | CUSIP: 950810705<br>LEI: 0001070448           | Long             | EP               | CORP              | US        |    204400 | NS      | $5134528.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC         | Prudential Financial Inc                                                     | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1796178.80   | 0.22%             | 2053-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                | Transcanada Trust                                                            | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   9450000 | PA      | $9152045.28   | 1.12%             | 2079-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP            | Lincoln National Corp                                                        | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |     90600 | NS      | $2419020.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE CAPITAL TRUST IV         | MetLife Capital Trust IV                                                     | CUSIP: 591560AA5<br>LEI: 0004254959           | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2446067.25   | 0.30%             | 2037-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                      | Exelon Corp                                                                  | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2030000 | PA      | $2028697.78   | 0.25%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                                              | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3375000 | PA      | $3250322.10   | 0.40%             | N/A             | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3768722.58   | 0.46%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                                           | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    164520 | NS      | $4063644.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                                            | CUSIP: 404280BP3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  20770000 | PA      | $20908286.66  | 2.57%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                                       | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    243000 | NS      | $6194070.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA               | Banco Santander SA                                                           | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  30400000 | PA      | $29193743.20  | 3.59%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565AAN3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  28790000 | PA      | $28956722.89  | 3.56%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FINANCE           | AXIS Specialty Finance LLC                                                   | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3679000 | PA      | $3493366.49   | 0.43%             | 2040-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL              | Synchrony Financial                                                          | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    233000 | NS      | $4147400.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSTAR FINANCE LLC               | Enstar Finance LLC                                                           | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3060000 | PA      | $2990101.95   | 0.37%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                                           | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   7067000 | PA      | $7115041.47   | 0.87%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3427340.85   | 0.42%             | N/A             | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3325395.16   | 0.41%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05962GAJ8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   2970000 | PA      | $2987713.08   | 0.37%             | N/A             | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC         | Liberty Mutual Group Inc                                                     | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |  24634000 | PA      | $27902084.39  | 3.43%             | 2037-03-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK MORTGAGE TRUST          | New York Mortgage Trust Inc                                                  | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    130000 | NS      | $2800200.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC              | Dominion Energy Inc                                                          | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   4565000 | PA      | $4581749.76   | 0.56%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FIRST HORIZON BANK               | First Horizon Bank                                                           | CUSIP: 337158208<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | EP               | CORP              | US        |      3730 | NS      | $2778850.00   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| CARLYLE FINANCE LLC              | Carlyle Finance LLC                                                          | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     64400 | NS      | $1086428.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1813510.56   | 0.22%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                                                 | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |    186800 | NS      | $4625168.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                                                | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6900000 | PA      | $7140683.45   | 0.88%             | N/A             | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                 | Duke Energy Corp                                                             | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   5140000 | PA      | $5205214.16   | 0.64%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                                               | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2340000 | PA      | $2491781.76   | 0.31%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA               | Credit Agricole SA                                                           | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   2040000 | PA      | $1878794.51   | 0.23%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT         | Apollo Global Management Inc                                                 | CUSIP: 03769M205<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    198060 | NS      | $5102025.60   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC               | Voya Financial Inc                                                           | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |    108373 | NS      | $2613956.76   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** Bradford Stone

**Name of Signer:** Bradford Stone

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