# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-009884
**Filing Date:** 2026-3
**Character Count:** 166171
**Document Hash:** b3f735c2ae83e054a894b74abc25e7d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-009884.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000894189-26-009884

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 26815159

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### AAM Low Duration Preferred and Income Securities ETF (Series ID: S000066987)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000215601 | AAM Low Duration Preferred and Income Securities ETF | PFLD            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **AAM Low Duration Preferred and Income Securities ETF** | **AAM Low Duration Preferred and Income Securities ETF** | **AAM Low Duration Preferred and Income Securities ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **CORPORATE BONDS - 74.6%** | **Par** | **Value**  |
| **Communication Services - 2.6%** | **Communication Services - 2.6%** | **Communication Services - 2.6%** |
| Paramount Global | Paramount Global | Paramount Global |
| &nbsp;&nbsp; 6.25% to 02/28/2027 then 3 mo. LIBOR USD + 3.90%, 02/28/2057 <sup>(a)</sup> | $1485000 | $1349494 |
| &nbsp;&nbsp; 6.38% to 03/30/2027 then 5 yr. CMT Rate + 4.00%, 03/30/2062 | 2230000 | 2097092 |
|  Rogers Communications, Inc., 7.00% to 04/15/2030 then 5 yr. CMT Rate + 2.65%, 04/15/2055 | 2475000 | 2567248 |
| TELUS Corp. | TELUS Corp. | TELUS Corp. |
| &nbsp;&nbsp; 6.63% to 10/15/2030 then 5 yr. CMT Rate + 2.77%, 10/15/2055 | 1515000 | 1549436 |
| &nbsp;&nbsp; 6.38% to 06/09/2031 then 5 yr. CMT Rate + 2.69%, 06/09/2056 | 1725000 | 1742828 |
|  Vodafone Group PLC, 4.13% to 06/04/2031 then 5 yr. CMT Rate + 2.77%, 06/04/2081 | 2225000 | 2093762 |
|  |  | 11399860 |
| **Communications - 0.5%** | **Communications - 0.5%** | **Communications - 0.5%** |
|  Bell Telephone Co. of Canada or Bell Canada, 6.88% to 09/15/2030 then 5 yr. CMT Rate + 2.39%, 09/15/2055 | 2220000 | 2300071 |
| **Consumer Discretionary - 1.3%** | **Consumer Discretionary - 1.3%** | **Consumer Discretionary - 1.3%** |
|  Aptiv Swiss Holdings Ltd., 6.88% to 12/15/2029 then 5 yr. CMT Rate + 3.39%, 12/15/2054 | 1095000 | 1143654 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 5.75% to 09/30/2027 then 3 mo. LIBOR USD + 3.60%, Perpetual <sup>(a)(b)</sup> | 2230000 | 2217204 |
| &nbsp;&nbsp; 6.50% to 09/30/2028 then 3 mo. LIBOR USD + 3.44%, Perpetual <sup>(a)(b)</sup> | 1135000 | 1150673 |
| &nbsp;&nbsp; 5.70% to 09/30/2030 then 5 yr. CMT Rate + 5.00%, Perpetual | 1080000 | 1085286 |
|  |  | 5596817 |
| **Energy - 9.5%** | **Energy - 9.5%** | **Energy - 9.5%** |
|  BP Capital Markets PLC, 4.88% to 06/22/2030 then 5 yr. CMT Rate + 4.40%, Perpetual | 5545000 | 5504682 |
| Enbridge, Inc. | Enbridge, Inc. | Enbridge, Inc. |
| &nbsp;&nbsp; 6.00% to 01/15/2027 then 3 mo. Term SOFR + 4.15%, 01/15/2077 | 1630000 | 1640618 |
| &nbsp;&nbsp; 5.50% to 07/15/2027 then 3 mo. Term SOFR + 3.68%, 07/15/2077 | 2230000 | 2228925 |
| &nbsp;&nbsp; 6.25% to 03/01/2028 then 3 mo. Term SOFR + 3.90%, 03/01/2078 | 1870000 | 1900788 |
| &nbsp;&nbsp; 5.75% to 07/15/2030 then 5 yr. CMT Rate + 5.31%, 07/15/2080 | 2230000 | 2257186 |
| &nbsp;&nbsp; 7.38% to 01/15/2028 then 5 yr. CMT Rate + 3.71%, 01/15/2083 | 1135000 | 1169008 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 6.50% to 11/15/2026 then 5 yr. CMT Rate + 5.69%, Perpetual | 2000000 | 2009240 |
| &nbsp;&nbsp; 6.63% to 02/15/2028 then 3 mo. LIBOR USD + 4.16%, Perpetual <sup>(a)</sup> | 1165000 | 1178709 |
| &nbsp;&nbsp; 7.13% to 10/01/2029 then 5 yr. CMT Rate + 2.83%, 10/01/2054 | 835000 | 862846 |
| &nbsp;&nbsp; 6.50% to 02/15/2031 then 5 yr. CMT Rate + 2.68%, 02/15/2056 | 2700000 | 2700130 |
| Enterprise Products Operating LLC | Enterprise Products Operating LLC | Enterprise Products Operating LLC |
| &nbsp;&nbsp; 5.25% to 08/16/2027 then 3 mo. Term SOFR + 3.29%, 08/16/2077 | 2230000 | 2221261 |
| &nbsp;&nbsp; 5.38% to 02/15/2028 then 3 mo. Term SOFR + 2.83%, 02/15/2078 | 1510000 | 1501953 |
|  Phillips 66 Co., 5.88% to 03/15/2031 then 5 yr. CMT Rate + 2.28%, 03/15/2056 | 2225000 | 2216382 |
|  Plains All American Pipeline LP, 8.22% (3 mo. Term SOFR + 4.37%), Perpetual <sup>(b)</sup> | 1740000 | 1736758 |
|  South Bow Canadian Infrastructure Holdings Ltd., 7.63% to 03/01/2030 then 5 yr. CMT Rate + 3.95%, 03/01/2055 | 1000000 | 1042478 |
|  TransCanada PipeLines Ltd., 7.00% to 06/01/2030 then 5 yr. CMT Rate + 2.61%, 06/01/2065 | 1645000 | 1699622 |
| Transcanada Trust | Transcanada Trust | Transcanada Trust |
| &nbsp;&nbsp; 5.88% to 08/15/2026 then 3 mo. LIBOR USD + 4.64%, 08/15/2076 <sup>(a)</sup> | 2610000 | 2616199 |
| &nbsp;&nbsp; 5.30% to 03/15/2027 then 3 mo. LIBOR USD + 3.21%, 03/15/2077 <sup>(a)</sup> | 3285000 | 3293107 |
| &nbsp;&nbsp; 5.50% to 09/15/2029 then SOFR + 4.42%, 09/15/2079 | 2450000 | 2444329 |
| &nbsp;&nbsp; 5.60% to 03/07/2032 then 5 yr. CMT Rate + 3.99%, 03/07/2082 | 1725000 | 1717284 |
|  |  | 41941505 |
| **Financials - 42.4% <sup>(c)</sup>** | **Financials - 42.4% <sup>(c)</sup>** | **Financials - 42.4% <sup>(c)</sup>** |
|  Aegon Ltd., 5.50% to 04/11/2028 then 6 mo. LIBOR USD + 3.54%, 04/11/2048 <sup>(a)</sup> | 1790000 | 1811385 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
| &nbsp;&nbsp; 6.95% to 03/10/2030 then 5 yr. CMT Rate + 2.72%, 03/10/2055 | 1700000 | 1779662 |
| &nbsp;&nbsp; 6.50% to 01/31/2031 then 5 yr. CMT Rate + 2.44%, 01/31/2056 | 1135000 | 1167161 |
| Ally Financial, Inc. | Ally Financial, Inc. | Ally Financial, Inc. |
| &nbsp;&nbsp; 4.70% to 05/15/2026 then 5 yr. CMT Rate + 3.87%, Perpetual <sup>(b)</sup> | 3030000 | 3011563 |
| &nbsp;&nbsp; 4.70% to 05/15/2028 then 7 yr. CMT Rate + 3.48%, Perpetual | 2225000 | 2132683 |
|  American Express Co., 3.55% to 09/15/2026 then 5 yr. CMT Rate + 2.85%, Perpetual | 3515000 | 3478264 |
|  American International Group, Inc., 5.75% (3 mo. LIBOR USD + 2.87%), 04/01/2048 <sup>(a)</sup> | 720000 | 734347 |
|  American National Group, Inc., 7.00% to 12/01/2030 then 5 yr. CMT Rate + 3.18%, 12/01/2055 | 1125000 | 1136149 |
|  Aon Corp., 8.21%, 01/01/2027 | 1200000 | 1242614 |
|  Assurant, Inc., 7.00% to 03/27/2028 then 3 mo. LIBOR USD + 4.14%, 03/27/2048 <sup>(a)</sup> | 885000 | 911211 |
|  BAC Capital Trust XIV, 4.38% (3 mo. Term SOFR + 0.66%), Perpetual | 555000 | 456192 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 6.30% to 03/10/2026 then 3 mo. Term SOFR + 4.81%, Perpetual | 1215000 | 1218288 |
| &nbsp;&nbsp; 4.38% to 01/27/2027 then 5 yr. CMT Rate + 2.76%, Perpetual | 1995000 | 1984742 |
| &nbsp;&nbsp; 6.13% to 04/27/2027 then 5 yr. CMT Rate + 3.23%, Perpetual | 2430000 | 2461160 |
| &nbsp;&nbsp; 5.88% to 03/15/2028 then 3 mo. Term SOFR + 3.19%, Perpetual | 2665000 | 2697897 |
| &nbsp;&nbsp; 6.63% to 05/01/2030 then 5 yr. CMT Rate + 2.68%, Perpetual | 3635000 | 3776823 |
| &nbsp;&nbsp; 6.25% to 07/26/2030 then 5 yr. CMT Rate + 2.35%, Perpetual | 2950000 | 3002660 |
| Bank of New York Mellon Corp. | Bank of New York Mellon Corp. | Bank of New York Mellon Corp. |
| &nbsp;&nbsp; 3.70% to 03/20/2026 then 5 yr. CMT Rate + 3.35%, Perpetual | 1330000 | 1327359 |
| &nbsp;&nbsp; 4.63% to 09/20/2026 then 3 mo. Term SOFR + 3.39%, Perpetual | 2215000 | 2206437 |
| &nbsp;&nbsp; 3.75% to 12/20/2026 then 5 yr. CMT Rate + 2.63%, Perpetual | 2830000 | 2784082 |
| &nbsp;&nbsp; 6.30% to 03/20/2030 then 5 yr. CMT Rate + 2.30%, Perpetual <sup>(b)</sup> | 1135000 | 1174063 |
| &nbsp;&nbsp; 5.95% to 12/20/2030 then 5 yr. CMT Rate + 2.27%, Perpetual | 1085000 | 1102263 |
| Capital One Financial Corp. | Capital One Financial Corp. | Capital One Financial Corp. |
| &nbsp;&nbsp; 3.95% to 09/01/2026 then 5 yr. CMT Rate + 3.16%, Perpetual <sup>(b)</sup> | 2230000 | 2213509 |
| &nbsp;&nbsp; 5.50% to 10/30/2027 then 3 mo. Term SOFR + 3.34%, Perpetual | 1300000 | 1304510 |
| Charles Schwab Corp. | Charles Schwab Corp. | Charles Schwab Corp. |
| &nbsp;&nbsp; 4.00% to 06/01/2026 then 5 yr. CMT Rate + 3.17%, Perpetual | 4540000 | 4521906 |
| &nbsp;&nbsp; 5.00% to 06/01/2027 then 5 yr. CMT Rate + 3.26%, Perpetual | 1640000 | 1642558 |
| &nbsp;&nbsp; 5.00% to 12/01/2027 then 3 mo. LIBOR USD + 2.58%, Perpetual <sup>(a)</sup> | 1090000 | 1084138 |
| &nbsp;&nbsp; 4.00% to 12/01/2030 then 10 yr. CMT Rate + 3.08%, Perpetual | 4930000 | 4625032 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| &nbsp;&nbsp; 3.88% to 02/18/2026 then 5 yr. CMT Rate + 3.42%, Perpetual | 2450000 | 2446051 |
| &nbsp;&nbsp; 6.25% to 08/15/2026 then 3 mo. Term SOFR + 4.78%, Perpetual | 1660000 | 1669807 |
| &nbsp;&nbsp; 4.15% to 11/15/2026 then 5 yr. CMT Rate + 3.00%, Perpetual | 1070000 | 1062776 |
| &nbsp;&nbsp; 7.38% to 05/15/2028 then 5 yr. CMT Rate + 3.21%, Perpetual <sup>(b)</sup> | 1385000 | 1434137 |
| &nbsp;&nbsp; 7.63% to 11/15/2028 then 5 yr. CMT Rate + 3.21%, Perpetual | 1660000 | 1740585 |
| &nbsp;&nbsp; 7.20% to 05/15/2029 then 5 yr. CMT Rate + 2.91%, Perpetual | 615000 | 637759 |
| &nbsp;&nbsp; 7.13% to 08/15/2029 then 5 yr. CMT Rate + 2.69%, Perpetual | 1920000 | 1987158 |
| &nbsp;&nbsp; 6.75% to 02/15/2030 then 5 yr. CMT Rate + 2.57%, Perpetual | 1660000 | 1692792 |
| &nbsp;&nbsp; 6.95% to 02/15/2030 then 5 yr. CMT Rate + 2.73%, Perpetual | 2215000 | 2281733 |
| &nbsp;&nbsp; 6.88% to 08/15/2030 then 5 yr. CMT Rate + 2.89%, Perpetual | 2900000 | 2962513 |
| &nbsp;&nbsp; 6.63% to 02/15/2031 then 5 yr. CMT Rate + 3.00%, Perpetual | 2750000 | 2800254 |
| Citizens Financial Group, Inc. | Citizens Financial Group, Inc. | Citizens Financial Group, Inc. |
| &nbsp;&nbsp; 6.91% (3 mo. Term SOFR + 3.26%), Perpetual | 675000 | 674858 |
| &nbsp;&nbsp; 7.07% (3 mo. Term SOFR + 3.42%), Perpetual | 675000 | 671754 |
| &nbsp;&nbsp; 4.00% to 10/06/2026 then 5 yr. CMT Rate + 3.22%, Perpetual | 675000 | 670991 |
| Corebridge Financial, Inc. | Corebridge Financial, Inc. | Corebridge Financial, Inc. |
| &nbsp;&nbsp; 6.88% to 12/01/2030 then 5 yr. CMT Rate + 3.18%, Perpetual | 1125000 | 1168839 |
| &nbsp;&nbsp; 6.88% (5 yr. CMT Rate + 3.85%), 12/15/2052 | 2215000 | 2274891 |
|  Enstar Finance LLC, 5.50% (5 yr. CMT Rate + 4.01%), 01/15/2042 | 1135000 | 1127499 |
|  Fifth Third Bancorp, 6.97% (3 mo. Term SOFR + 3.29%), Perpetual | 1370000 | 1374029 |
| First Citizens BancShares, Inc. | First Citizens BancShares, Inc. | First Citizens BancShares, Inc. |
| &nbsp;&nbsp; 7.96% (3 mo. Term SOFR + 4.23%), Perpetual <sup>(b)</sup> | 740000 | 756268 |
| &nbsp;&nbsp; 7.00% to 12/15/2030 then 5 yr. CMT Rate + 3.30%, Perpetual | 1125000 | 1150252 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 7.19% to 02/10/2030 then 5 yr. CMT Rate + 2.85%, Perpetual | 805000 | 805398 |
| &nbsp;&nbsp; 7.38% to 08/10/2029 then 5 yr. CMT Rate + 3.62%, Perpetual | 1145000 | 1145231 |
| &nbsp;&nbsp; 7.56% to 02/10/2030 then 5 yr. CMT Rate + 3.22%, Perpetual | 1285000 | 1285300 |
| &nbsp;&nbsp; 3.80% to 05/10/2026 then 5 yr. CMT Rate + 2.97%, Perpetual | 1450000 | 1442002 |
| &nbsp;&nbsp; 3.65% to 08/10/2026 then 5 yr. CMT Rate + 2.92%, Perpetual | 1640000 | 1625267 |
| &nbsp;&nbsp; 4.13% to 11/10/2026 then 5 yr. CMT Rate + 2.95%, Perpetual | 1640000 | 1626633 |
| &nbsp;&nbsp; 5.30% to 11/10/2026 then 3 mo. Term SOFR + 4.10%, Perpetual | 1405000 | 1407403 |
| &nbsp;&nbsp; 6.85% to 02/10/2030 then 5 yr. CMT Rate + 2.46%, Perpetual | 4185000 | 4361474 |
|  HA Sustainable Infrastructure Capital, Inc., 8.00% to 06/01/2031 then 5 yr. CMT Rate + 4.30%, 06/01/2056 | 1125000 | 1180125 |
| Huntington Bancshares, Inc. | Huntington Bancshares, Inc. | Huntington Bancshares, Inc. |
| &nbsp;&nbsp; 4.45% to 10/15/2027 then 7 yr. CMT Rate + 4.05%, Perpetual | 1080000 | 1064712 |
| &nbsp;&nbsp; 5.63% to 07/15/2030 then 10 yr. CMT Rate + 4.95%, Perpetual | 1135000 | 1153697 |
| &nbsp;&nbsp; 6.25% to 10/15/2030 then 5 yr. CMT Rate + 2.65%, Perpetual | 1705000 | 1704703 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 6.41% (3 mo. Term SOFR + 2.75%), Perpetual | 2665000 | 2674458 |
| &nbsp;&nbsp; 6.51% (3 mo. Term SOFR + 2.84%), Perpetual <sup>(b)</sup> | 2285000 | 2306287 |
| &nbsp;&nbsp; 3.65% to 06/01/2026 then 5 yr. CMT Rate + 2.85%, Perpetual | 3630000 | 3626844 |
| &nbsp;&nbsp; 6.50% to 04/01/2030 then 5 yr. CMT Rate + 2.15%, Perpetual | 5435000 | 5655232 |
|  KeyCorp, 5.00% to 09/15/2026 then 3 mo. Term SOFR + 3.87%, Perpetual | 1180000 | 1175729 |
| M&T Bank Corp. | M&T Bank Corp. | M&T Bank Corp. |
| &nbsp;&nbsp; 7.30% to 08/01/2029 then 5 yr. CMT Rate + 3.17%, Perpetual | 835000 | 835000 |
| &nbsp;&nbsp; 3.50% to 09/01/2026 then 5 yr. CMT Rate + 2.68%, Perpetual | 1135000 | 1114762 |
| &nbsp;&nbsp; 5.13% to 11/01/2026 then 3 mo. Term SOFR + 3.78%, Perpetual | 1135000 | 1133207 |
|  Mellon Capital IV, 4.52% (3 mo. Term SOFR + 0.83%), Perpetual | 1060000 | 889787 |
|  MetLife, Inc., 5.88% to 03/15/2028 then 3 mo. Term SOFR + 3.22%, Perpetual | 1135000 | 1154655 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 7.14% (3 mo. Term SOFR + 3.42%), Perpetual | 675000 | 675755 |
| &nbsp;&nbsp; 5.88%, Perpetual <sup>(b)(d)</sup> | 835000 | 831331 |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp. |
| &nbsp;&nbsp; 5.25% to 04/20/2026 then 3 mo. LIBOR USD + 3.63%, 04/20/2046 <sup>(a)(b)</sup> | 805000 | 804392 |
| &nbsp;&nbsp; 7.13% to 09/15/2028 then 5 yr. CMT Rate + 3.53%, 09/15/2053 | 900000 | 943722 |
|  Northern Trust Corp., 4.60% to 10/01/2026 then 3 mo. Term SOFR + 3.46%, Perpetual | 1065000 | 1062797 |
|  PartnerRe Finance B LLC, 4.50% to 10/01/2030 then 5 yr. CMT Rate + 3.82%, 10/01/2050 | 1135000 | 1072275 |
| PNC Financial Services Group, Inc. | PNC Financial Services Group, Inc. | PNC Financial Services Group, Inc. |
| &nbsp;&nbsp; 3.40% to 09/15/2026 then 5 yr. CMT Rate + 2.60%, Perpetual | 3285000 | 3234235 |
| &nbsp;&nbsp; 5.00% to 11/01/2026 then 3 mo. Term SOFR + 3.56%, Perpetual | 1195000 | 1199702 |
| &nbsp;&nbsp; 6.00% to 05/15/2027 then 5 yr. CMT Rate + 3.00%, Perpetual | 2215000 | 2229216 |
| &nbsp;&nbsp; 6.20% to 09/15/2027 then 5 yr. CMT Rate + 3.24%, Perpetual | 2810000 | 2852923 |
| &nbsp;&nbsp; 6.25% to 03/15/2030 then 7 yr. CMT Rate + 2.81%, Perpetual | 3305000 | 3413523 |
| Prudential Financial, Inc. | Prudential Financial, Inc. | Prudential Financial, Inc. |
| &nbsp;&nbsp; 4.50% to 09/15/2027 then 3 mo. LIBOR USD + 2.38%, 09/15/2047 <sup>(a)</sup> | 1640000 | 1620446 |
| &nbsp;&nbsp; 5.70% to 09/15/2028 then 3 mo. LIBOR USD + 2.67%, 09/15/2048 <sup>(a)</sup> | 2230000 | 2259539 |
| &nbsp;&nbsp; 3.70% to 10/01/2030 then 5 yr. CMT Rate + 3.04%, 10/01/2050 | 1760000 | 1642616 |
| &nbsp;&nbsp; 5.13% to 02/28/2032 then 5 yr. CMT Rate + 3.16%, 03/01/2052 | 2250000 | 2222265 |
| State Street Corp. | State Street Corp. | State Street Corp. |
| &nbsp;&nbsp; 6.70% to 03/15/2029 then 5 yr. CMT Rate + 2.61%, Perpetual | 3285000 | 3407392 |
| &nbsp;&nbsp; 6.70% to 09/15/2029 then 5 yr. CMT Rate + 2.63%, Perpetual | 1875000 | 1961672 |
| &nbsp;&nbsp; 6.45% to 09/15/2030 then 5 yr. CMT Rate + 2.14%, Perpetual | 1640000 | 1695193 |
| Truist Financial Corp. | Truist Financial Corp. | Truist Financial Corp. |
| &nbsp;&nbsp; 6.67% to 09/01/2029 then 5 yr. CMT Rate + 3.00%, Perpetual | 3740000 | 3746044 |
| &nbsp;&nbsp; 5.13% to 12/15/2027 then 3 mo. Term SOFR + 3.05%, Perpetual | 1080000 | 1080212 |
| &nbsp;&nbsp; 5.10% to 09/01/2030 then 10 yr. CMT Rate + 4.35%, Perpetual <sup>(b)</sup> | 2210000 | 2224361 |
| US Bancorp | US Bancorp | US Bancorp |
| &nbsp;&nbsp; 3.70% to 01/15/2027 then 5 yr. CMT Rate + 2.54%, Perpetual <sup>(b)</sup> | 3305000 | 3259009 |
| &nbsp;&nbsp; 5.30% to 04/15/2027 then 3 mo. Term SOFR + 3.18%, Perpetual | 2230000 | 2232143 |
|  USB Capital IX, 4.95% (3 mo. Term SOFR + 1.28%), Perpetual | 1510000 | 1216810 |
|  Voya Financial, Inc., 4.70% (3 mo. LIBOR USD + 2.08%), 01/23/2048 <sup>(a)</sup> | 780000 | 747259 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 3.90% to 03/15/2026 then 5 yr. CMT Rate + 3.45%, Perpetual | 7800000 | 7791357 |
| &nbsp;&nbsp; 6.85% to 09/15/2029 then 5 yr. CMT Rate + 2.77%, Perpetual <sup>(b)</sup> | 4415000 | 4617404 |
|  |  | 186985103 |
| **Health Care - 1.4%** | **Health Care - 1.4%** | **Health Care - 1.4%** |
|  CVS Health Corp., 7.00% to 03/10/2030 then 5 yr. CMT Rate + 2.89%, 03/10/2055 | 4980000 | 5212297 |
|  DENTSPLY SIRONA, Inc., 8.38% to 09/12/2030 then 5 yr. CMT Rate + 4.38%, 09/12/2055 <sup>(b)</sup> | 1175000 | 1159848 |
|  |  | 6372145 |
| **Industrials - 0.4%** | **Industrials - 0.4%** | **Industrials - 0.4%** |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| &nbsp;&nbsp; 4.65% to 06/15/2026 then 5 yr. CMT Rate + 4.08%, Perpetual | 675000 | 671666 |
| &nbsp;&nbsp; 4.13% to 12/15/2026 then 5 yr. CMT Rate + 3.15%, Perpetual | 675000 | 668716 |
| &nbsp;&nbsp; 6.00% to 12/15/2029 then 5 yr. CMT Rate + 2.56%, Perpetual | 675000 | 649781 |
|  |  | 1990163 |
| **Materials - 0.3%** | **Materials - 0.3%** | **Materials - 0.3%** |
|  FMC Corp., 8.45% to 11/01/2030 then 5 yr. CMT Rate + 4.37%, 11/01/2055 <sup>(b)</sup> | 1700000 | 1363449 |
| **Utilities - 16.2%** | **Utilities - 16.2%** | **Utilities - 16.2%** |
| AES Corp. | AES Corp. | AES Corp. |
| &nbsp;&nbsp; 7.60% to 01/15/2030 then 5 yr. CMT Rate + 3.20%, 01/15/2055 | 2115000 | 2144470 |
| &nbsp;&nbsp; 6.95% to 07/15/2030 then 5 yr. CMT Rate + 2.89%, 07/15/2055 | 1120000 | 1094892 |
|  Algonquin Power & Utilities Corp., 4.75% to 04/18/2027 then 5 yr. CMT Rate + 3.25%, 01/18/2082 | 1640000 | 1628096 |
|  Alliant Energy Corp., 5.75% to 04/01/2031 then 5 yr. CMT Rate + 2.08%, 04/01/2056 | 1640000 | 1628080 |
| American Electric Power Co., Inc. | American Electric Power Co., Inc. | American Electric Power Co., Inc. |
| &nbsp;&nbsp; 7.05% to 12/15/2029 then 5 yr. CMT Rate + 2.75%, 12/15/2054 | 900000 | 942153 |
| &nbsp;&nbsp; 5.80% to 03/15/2031 then 5 yr. CMT Rate + 2.13%, 03/15/2056 | 3355000 | 3355668 |
| &nbsp;&nbsp; 3.88% to 02/15/2027 then 5 yr. CMT Rate + 2.68%, 02/15/2062 | 1640000 | 1616416 |
|  Brookfield Infrastructure Finance ULC, 6.75% to 03/15/2030 then 5 yr. CMT Rate + 2.45%, 03/15/2055 | 675000 | 681139 |
| CenterPoint Energy, Inc. | CenterPoint Energy, Inc. | CenterPoint Energy, Inc. |
| &nbsp;&nbsp; 7.00% to 02/15/2030 then 5 yr. CMT Rate + 3.25%, 02/15/2055 | 835000 | 875442 |
| &nbsp;&nbsp; 6.70% to 05/15/2030 then 5 yr. CMT Rate + 2.59%, 05/15/2055 | 1080000 | 1108891 |
| &nbsp;&nbsp; 5.95% to 04/01/2031 then 5 yr. CMT Rate + 2.22%, 04/01/2056 | 1500000 | 1511468 |
| CMS Energy Corp. | CMS Energy Corp. | CMS Energy Corp. |
| &nbsp;&nbsp; 4.75% to 06/01/2030 then 5 yr. CMT Rate + 4.12%, 06/01/2050 | 1135000 | 1121139 |
| &nbsp;&nbsp; 3.75% to 12/01/2030 then 5 yr. CMT Rate + 2.90%, 12/01/2050 | 830000 | 765577 |
| Dominion Energy, Inc. | Dominion Energy, Inc. | Dominion Energy, Inc. |
| &nbsp;&nbsp; 4.35% to 04/15/2027 then 5 yr. CMT Rate + 3.20%, Perpetual | 1640000 | 1628227 |
| &nbsp;&nbsp; 6.88% to 02/01/2030 then 5 yr. CMT Rate + 2.39%, 02/01/2055 | 2230000 | 2322414 |
| &nbsp;&nbsp; 6.00% to 02/15/2031 then 5 yr. CMT Rate + 2.26%, 02/15/2056 | 3180000 | 3214286 |
|  Duke Energy Corp., 3.25% to 01/15/2027 then 5 yr. CMT Rate + 2.32%, 01/15/2082 | 1135000 | 1106698 |
| Edison International | Edison International | Edison International |
| &nbsp;&nbsp; 5.38% to 03/15/2026 then 5 yr. CMT Rate + 4.70%, Perpetual | 925000 | 922685 |
| &nbsp;&nbsp; 8.13% to 06/15/2028 then 5 yr. CMT Rate + 3.86%, 06/15/2053 | 1140000 | 1179763 |
| &nbsp;&nbsp; 7.88% to 06/15/2029 then 5 yr. CMT Rate + 3.66%, 06/15/2054 | 1030000 | 1072792 |
|  Emera, Inc., 6.75% to 06/15/2026 then 3 mo. LIBOR USD + 5.44%, 06/15/2076 <sup>(a)</sup> | 2685000 | 2703341 |
| Entergy Corp. | Entergy Corp. | Entergy Corp. |
| &nbsp;&nbsp; 7.13% to 12/01/2029 then 5 yr. CMT Rate + 2.67%, 12/01/2054 | 2700000 | 2826706 |
| &nbsp;&nbsp; 5.88% to 06/15/2031 then 5 yr. CMT Rate + 2.18%, 06/15/2056 | 1375000 | 1376335 |
|  EUSHI Finance, Inc., 6.25% to 04/01/2031 then 5 yr. CMT Rate + 2.51%, 04/01/2056 | 1700000 | 1707157 |
|  Evergy, Inc., 6.65% to 06/01/2030 then 5 yr. CMT Rate + 2.56%, 06/01/2055 | 1135000 | 1167807 |
|  Nevada Power Co., 6.25% to 05/15/2030 then 5 yr. CMT Rate + 1.94%, 05/15/2055 | 675000 | 682561 |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| &nbsp;&nbsp; 6.70% (5 yr. CMT Rate + 2.36%), 09/01/2054 | 2210000 | 2281757 |
| &nbsp;&nbsp; 6.38% to 08/15/2030 then 5 yr. CMT Rate + 2.05%, 08/15/2055 | 3285000 | 3392771 |
| &nbsp;&nbsp; 4.80% to 12/01/2027 then 3 mo. LIBOR USD + 2.41%, 12/01/2077 <sup>(a)</sup> | 1260000 | 1248654 |
| &nbsp;&nbsp; 5.65% to 05/01/2029 then 3 mo. LIBOR USD + 3.16%, 05/01/2079 <sup>(a)</sup> | 1080000 | 1091749 |
| &nbsp;&nbsp; 3.80% to 03/15/2027 then 5 yr. CMT Rate + 2.55%, 03/15/2082 | 1355000 | 1332110 |
| NiSource, Inc. | NiSource, Inc. | NiSource, Inc. |
| &nbsp;&nbsp; 6.95% to 11/30/2029 then 5 yr. CMT Rate + 2.45%, 11/30/2054 | 1080000 | 1124822 |
| &nbsp;&nbsp; 5.75% to 07/15/2031 then 5 yr. CMT Rate + 2.04%, 07/15/2056 <sup>(b)</sup> | 2225000 | 2237690 |
|  PacifiCorp, 7.38% to 09/15/2030 then 5 yr. CMT Rate + 3.32%, 09/15/2055 | 1900000 | 1951308 |
|  PG&E Corp., 7.38% to 03/15/2030 then 5 yr. CMT Rate + 3.88%, 03/15/2055 | 3285000 | 3390281 |
| Sempra | Sempra | Sempra |
| &nbsp;&nbsp; 4.13% to 04/01/2027 then 5 yr. CMT Rate + 2.87%, 04/01/2052 | 2215000 | 2194461 |
| &nbsp;&nbsp; 6.88% to 10/01/2029 then 5 yr. CMT Rate + 2.79%, 10/01/2054 | 2465000 | 2526748 |
| &nbsp;&nbsp; 6.63% to 04/01/2030 then 5 yr. CMT Rate + 2.35%, 04/01/2055 | 835000 | 847012 |
| &nbsp;&nbsp; 6.38% to 04/01/2031 then 5 yr. CMT Rate + 2.63%, 04/01/2056 <sup>(b)</sup> | 1730000 | 1769873 |
|  Sierra Pacific Power Co., 6.20% to 12/15/2030 then 5 yr. CMT Rate + 2.55%, 12/15/2055 <sup>(b)</sup> | 955000 | 950284 |
|  Southern Co., 3.75% to 09/15/2026 then 5 yr. CMT Rate + 2.92%, 09/15/2051 | 2230000 | 2212840 |
|  Spire, Inc., 6.25% to 06/01/2031 then 5 yr. CMT Rate + 2.56%, 06/01/2056 | 1000000 | 996526 |
|  WEC Energy Group, Inc., 5.63% to 05/15/2031 then 5 yr. CMT Rate + 1.91%, 05/15/2056 | 1375000 | 1382347 |
|  |  | 71315436 |
| **TOTAL CORPORATE BONDS** (Cost $327,013,627) | **TOTAL CORPORATE BONDS** (Cost $327,013,627) | 329264549 |
| **PREFERRED STOCKS - 23.7%** | **Shares** | **Value**  |
| **Communications - 0.2%** | **Communications - 0.2%** |  |
|  T-Mobile USA, Inc., 6.25%, 09/01/2069 <sup>(b)</sup> | 34658 | 871649 |
| **Consumer Discretionary - 0.3%** | **Consumer Discretionary - 0.3%** |  |
|  Brunswick Corp., 6.38%, 04/15/2049  | 16941 | 421153 |
|  Dillard's Capital Trust I, 7.50%, 08/01/2038  | 18550 | 484155 |
| QVC, Inc. | – | $– |
| &nbsp;&nbsp; 6.25%, 11/26/2068  | 46000 | 381800 |
| &nbsp;&nbsp; 6.38%, 09/13/2067  | 20000 | 168800 |
|  |  | 1455908 |
| **Consumer Staples - 0.8%** | **Consumer Staples - 0.8%** |  |
| CHS, Inc. | – | $– |
| &nbsp;&nbsp; Series 2, 7.10% (3 mo. Term SOFR + 4.56%), Perpetual  | 38979 | 992016 |
| &nbsp;&nbsp; Series 3, 6.75% (3 mo. Term SOFR + 4.42%), Perpetual  | 45723 | 1146733 |
| &nbsp;&nbsp; Series 4, 7.50%, Perpetual  | 48044 | 1242898 |
|  |  | 3381647 |
| **Energy - 0.4%** | **Energy - 0.4%** |  |
|  GasLog Partners LP, Series A, 8.63% to 06/15/2027 then 3 mo. LIBOR USD + 6.31%, Perpetual <sup>(a)</sup> | 11805 | 302918 |
|  NGL Energy Partners LP, Series B, 11.15% (3 mo. Term SOFR + 7.47%), Perpetual  | 29201 | 711628 |
| Seapeak LLC | – | $– |
| &nbsp;&nbsp; 9.00%, Perpetual  | 11423 | 291743 |
| &nbsp;&nbsp; Series B, 8.50% to 10/15/2027 then 3 mo. LIBOR USD + 6.24%, Perpetual <sup>(a)</sup> | 15292 | 395757 |
|  |  | 1702046 |
| **Financials - 20.3% <sup>(c)</sup>** | **Financials - 20.3% <sup>(c)</sup>** |  |
|  ACRES Commercial Realty Corp., Series C, 9.59% (3 mo. Term SOFR + 5.93%), Perpetual | 11129 | 277112 |
| Adamas Trust, Inc. | – | $– |
| &nbsp;&nbsp; 9.88%, 10/01/2030 | 8557 | 218974 |
| &nbsp;&nbsp; Series D, 8.00% to 10/15/2027 then 3 mo. LIBOR USD + 5.70%, Perpetual <sup>(a)</sup> | 14183 | 317132 |
| &nbsp;&nbsp; Series E, 11.28% (3 mo. LIBOR USD + 6.43%), Perpetual <sup>(a)</sup> | 15454 | 391913 |
| &nbsp;&nbsp; Series F, 6.88% to 10/15/2026 then SOFR + 6.13%, Perpetual | 13300 | 308161 |
| AGNC Investment Corp. | – | $– |
| &nbsp;&nbsp; Series C, 9.03% (3 mo. Term SOFR + 5.37%), Perpetual | 30170 | 771749 |
| &nbsp;&nbsp; Series D, 8.27% (3 mo. Term SOFR + 4.59%), Perpetual | 21822 | 544677 |
| &nbsp;&nbsp; Series E, 8.91% (3 mo. Term SOFR + 5.25%), Perpetual | 37382 | 952493 |
| &nbsp;&nbsp; Series F, 8.62% (3 mo. Term SOFR + 4.96%), Perpetual | 53381 | 1340931 |
| &nbsp;&nbsp; Series G, 7.75% to 10/15/2027 then 5 yr. CMT Rate + 4.39%, Perpetual | 13910 | 349280 |
|  Allstate Corp., 7.09% (3 mo. Term SOFR + 3.43%), 01/15/2053  | 43700 | 1141444 |
| Annaly Capital Management, Inc. | – | $– |
| &nbsp;&nbsp; Series F, 8.91% (3 mo. Term SOFR + 5.25%), Perpetual <sup>(b)</sup> | 62857 | 1626111 |
| &nbsp;&nbsp; Series G, 8.09% (3 mo. Term SOFR + 4.43%), Perpetual | 39443 | 990019 |
| &nbsp;&nbsp; Series I, 8.91% (3 mo. Term SOFR + 5.25%), Perpetual | 41075 | 1052752 |
|  Arbor Realty Trust, Inc., Series F, 6.25% to 10/12/2026 then 3 mo. Term SOFR + 5.44%, Perpetual | 26333 | 589069 |
|  Associated Banc-Corp., 6.63% to 03/01/2028 then 5 yr. CMT Rate + 2.81%, 03/01/2033  | 27850 | 695136 |
| Athene Holding Ltd. | – | $– |
| &nbsp;&nbsp; 7.25% to 3/30/2029 then 5 yr. CMT Rate + 2.99%, 03/30/2064  | 53381 | 1349472 |
| &nbsp;&nbsp; Series A, 6.35% to 6/30/2029 then 3 mo. LIBOR USD + 4.25%, Perpetual <sup>(a)</sup> | 75596 | 1873269 |
| &nbsp;&nbsp; Series E, 7.75% to 0 then 5 yr. CMT Rate + 3.96%, Perpetual  | 46428 | 1200628 |
|  Atlantic Union Bankshares Corp., Series A, 6.88%, Perpetual  | 14175 | 349130 |
| Atlanticus Holdings Corp. | – | $– |
| &nbsp;&nbsp; 6.13%, 11/30/2026  | 13733 | 342089 |
| &nbsp;&nbsp; Series \*, 9.25%, 01/31/2029  | 15351 | 392218 |
|  Banc of California, Inc., Series F, 7.75% to 09/01/2027 then 5 yr. CMT Rate + 4.82%, Perpetual  | 47646 | 1200679 |
| Bank of America Corp. | – | $– |
| &nbsp;&nbsp; Series 02, 4.73% (3 mo. Term SOFR + 0.91%), Perpetual <sup>(b)</sup> | 13031 | 256450 |
| &nbsp;&nbsp; Series 4, 4.83% (3 mo. Term SOFR + 1.01%), Perpetual  | 8677 | 182043 |
| &nbsp;&nbsp; Series 5, 4.63% (3 mo. Term SOFR + 0.76%), Perpetual  | 18116 | 358697 |
| &nbsp;&nbsp; Series E, 4.46% (3 mo. Term SOFR + 0.61%), Perpetual <sup>(b)</sup> | 13566 | 273626 |
| &nbsp;&nbsp; Series GG, 6.00%, Perpetual <sup>(b)</sup> | 63288 | 1592959 |
| &nbsp;&nbsp; Series HH, 5.88%, Perpetual  | 39616 | 990796 |
| &nbsp;&nbsp; Series K\*, 6.45% (3 mo. LIBOR USD + 1.33%), 12/15/2066 <sup>(a)</sup> | 49206 | 1270007 |
|  Bank of New York Mellon Corp., Series K, 6.15% to 03/20/2030 then 5 yr. CMT Rate + 2.16%, Perpetual  | 46428 | 1195985 |
| BRC Group Holdings, Inc. | – | $– |
| &nbsp;&nbsp; 5.25%, 08/31/2028  | 37390 | 583284 |
| &nbsp;&nbsp; 5.00%, 12/31/2026  | 19218 | 440861 |
| &nbsp;&nbsp; 6.50%, 09/30/2026  | 16745 | 397191 |
| &nbsp;&nbsp; 6.00%, 01/31/2028  | 20600 | 355556 |
| &nbsp;&nbsp; 5.50%, 03/31/2026  | 9433 | 235448 |
|  Charles Schwab Corp., Series D, 5.95%, Perpetual  | 65627 | 1662332 |
| Chimera Investment Corp. | – | $– |
| &nbsp;&nbsp; 8.88%, 08/15/2030 | 11076 | 276125 |
| &nbsp;&nbsp; Series B, 9.74% (3 mo. Term SOFR + 6.05%), Perpetual | 30170 | 711409 |
| &nbsp;&nbsp; Series C, 8.69% (3 mo. Term SOFR + 5.00%), Perpetual | 24143 | 530180 |
| &nbsp;&nbsp; Series D, 9.29% (3 mo. Term SOFR + 5.60%), Perpetual | 18550 | 431658 |
|  CION Investment Corp., 7.50%, 12/30/2029  | 13858 | 351300 |
|  Citizens Financial Group, Inc., Series I, 6.50% to 10/06/2030 then 5 yr. CMT Rate + 2.63%, Perpetual  | 35090 | 896550 |
|  Comerica, Inc., Series B, 6.88% to 10/01/2030 then 5 yr. CMT Rate + 3.13%, Perpetual  | 35090 | 903568 |
|  Compass Diversified Holdings, Series B, 7.88% to 04/30/2028 then 3 mo. LIBOR USD + 4.99%, Perpetual <sup>(a)</sup> | 17473 | 346315 |
|  ConnectOne Bancorp, Inc., Series A, 5.25% to 09/01/2026 then 5 yr. CMT Rate + 4.42%, Perpetual  | 10630 | 261073 |
|  Crescent Capital BDC, Inc., 5.00%, 05/25/2026 <sup>(e)</sup> | 10361 | 258818 |
|  Dynex Capital, Inc., Series C, 9.38% (3 mo. Term SOFR + 5.72%), Perpetual | 9526 | 246342 |
| Ellington Financial, Inc. | – | $– |
| &nbsp;&nbsp; 10.05% (3 mo. LIBOR USD + 5.20%), Perpetual <sup>(a)</sup> | 10665 | 267478 |
| &nbsp;&nbsp; Series B, 6.25% to 1/30/2027 then 5 yr. CMT Rate + 4.99%, Perpetual | 11177 | 270485 |
| &nbsp;&nbsp; Series C, 8.63% to 4/30/2028 then 5 yr. CMT Rate + 5.13%, Perpetual | 9278 | 236867 |
| Fifth Third Bancorp | – | $– |
| &nbsp;&nbsp; Series A, 6.00%, Perpetual <sup>(b)</sup> | 18464 | 453845 |
| &nbsp;&nbsp; Series I, 7.97% to 12/31/2025 then 3 mo. Term SOFR + 3.97%, Perpetual  | 41764 | 1069158 |
|  First Horizon Corp., Series E, 6.50%, Perpetual  | 12393 | 309825 |
|  Flagstar Bank NA, Series A., 6.38% to 03/17/2027 then 3 mo. LIBOR USD + 3.82%, Perpetual <sup>(a)</sup> | 47821 | 1086493 |
| Gladstone Investment Corp. | – | $– |
| &nbsp;&nbsp; 7.88%, 02/01/2030  | 11743 | 300973 |
| &nbsp;&nbsp; 4.88%, 11/01/2028  | 12476 | 298925 |
| &nbsp;&nbsp; 5.00%, 05/01/2026  | 11858 | 296213 |
| Goldman Sachs Group, Inc. | – | $– |
| &nbsp;&nbsp; Series A, 4.88% (3 mo. Term SOFR + 1.01%), Perpetual  | 69360 | 1397604 |
| &nbsp;&nbsp; Series C, 4.88% (3 mo. Term SOFR + 1.01%), Perpetual <sup>(b)</sup> | 18434 | 375869 |
| &nbsp;&nbsp; Series D, 4.80% (3 mo. Term SOFR + 0.93%), Perpetual  | 116156 | 2337059 |
|  Granite Point Mortgage Trust, Inc., Series A, 7.00% to 01/15/2027 then SOFR + 5.83%, Perpetual | 19081 | 388680 |
|  Hartford Insurance Group, Inc., Series G, 6.00%, Perpetual  | 32022 | 804393 |
|  Huntington Bancshares, Inc., Series J, 6.88% to 04/15/2028 then 5 yr. CMT Rate + 2.70%, Perpetual  | 30170 | 764809 |
|  Invesco Mortgage Capital, Inc., Series C, 7.50% to 09/27/2027 then 3 mo. LIBOR USD + 5.29%, Perpetual <sup>(a)</sup> | 16305 | 405995 |
|  Jackson Financial, Inc., 8.00% to 03/30/2028 then 5 yr. CMT Rate + 3.73%, Perpetual  | 48602 | 1268998 |
| JPMorgan Chase & Co. | – | $– |
| &nbsp;&nbsp; Series DD, 5.75%, Perpetual <sup>(b)</sup> | 120391 | 3009775 |
| &nbsp;&nbsp; Series EE, 6.00%, Perpetual  | 134391 | 3377246 |
|  Kemper Corp., 5.88% to 03/15/2027 then 5 yr. CMT Rate + 4.14%, 03/15/2062  | 13910 | 331267 |
| KeyCorp | – | $– |
| &nbsp;&nbsp; 6.20% to 12/15/2027 then 5 yr. CMT Rate + 3.13%, Perpetual  | 52200 | 1321704 |
| &nbsp;&nbsp; Series E, 6.13% to 12/15/2026 then 3 mo. Term SOFR + 4.15%, Perpetual  | 46428 | 1168593 |
|  M&T Bank Corp., Series H, 5.63% to 12/15/2026 then 3 mo. Term SOFR + 4.28%, Perpetual  | 23214 | 581743 |
|  Merchants Bancorp, 8.25% to 10/01/2027 then 5 yr. CMT Rate + 4.34%, Perpetual  | 13237 | 338602 |
|  MetLife, Inc., Series A, 4.98% (3 mo. Term SOFR + 1.26%), Perpetual  | 55700 | 1213146 |
| MFA Financial, Inc. | – | $– |
| &nbsp;&nbsp; 8.88%, 02/15/2029 | 10665 | 267691 |
| &nbsp;&nbsp; Series C, 9.27% (3 mo. Term SOFR + 5.61%), Perpetual | 25533 | 592366 |
|  Midland States Bancorp, Inc., 7.75% to 09/30/2027 then 5 yr. CMT Rate + 4.71%, Perpetual  | 10665 | 272064 |
| Morgan Stanley | – | $– |
| &nbsp;&nbsp; Series A, 4.63% (3 mo. Term SOFR + 0.96%), Perpetual  | 96142 | 1961297 |
| &nbsp;&nbsp; Series E, 7.13% (3 mo. LIBOR USD + 432.00%), Perpetual <sup>(a)</sup> | 75596 | 1930722 |
| &nbsp;&nbsp; Series F, 6.88% (3 mo. LIBOR USD + 394.00%), Perpetual <sup>(a)</sup> | 74413 | 1878928 |
| &nbsp;&nbsp; Series I, 6.38% (3 mo. LIBOR USD + 370.80%), Perpetual <sup>(a)</sup> | 87856 | 2220121 |
| &nbsp;&nbsp; Series K, 5.85% (3 mo. LIBOR USD + 349.10%), Perpetual <sup>(a)(b)</sup> | 87856 | 2163015 |
|  New Mountain Finance Corp., 8.25%, 11/15/2028  | 10665 | 268118 |
| Old National Bancorp | – | $– |
| &nbsp;&nbsp; Series A, 7.00%, Perpetual  | 9999 | 252475 |
| &nbsp;&nbsp; Series C, 7.00%, Perpetual  | 11381 | 286801 |
| PennyMac Mortgage Investment Trust | – | $– |
| &nbsp;&nbsp; 9.00%, 02/15/2030 | 16019 | 403999 |
| &nbsp;&nbsp; 9.00%, 06/15/2030 | 9720 | 247957 |
|  Pinnacle Financial Partners, Inc., Series C, 6.75%, Perpetual  | 19594 | 487499 |
| Ready Capital Corp. | – | $– |
| &nbsp;&nbsp; 5.75%, 02/15/2026 | 12247 | 305195 |
| &nbsp;&nbsp; 9.00%, 12/15/2029 | 12054 | 253857 |
|  Redwood Trust, Inc., 9.50%, 12/01/2030 | 7180 | 179787 |
| Regions Financial Corp. | – | $– |
| &nbsp;&nbsp; 6.95% to 9/15/2029 then 5 yr. CMT Rate + 2.77%, Perpetual  | 46428 | 1181593 |
| &nbsp;&nbsp; Series C, 5.70% to 8/15/2029 then 3 mo. Term SOFR + 3.41%, Perpetual  | 46428 | 1147236 |
| Reinsurance Group of America, Inc. | – | $– |
| &nbsp;&nbsp; 7.13% to 10/15/2027 then 5 yr. CMT Rate + 3.46%, 10/15/2052  | 61477 | 1564590 |
| &nbsp;&nbsp; 5.75% to 6/15/2026 then 3 mo. LIBOR USD + 4.04%, 06/15/2056 <sup>(a)</sup> | 37122 | 928792 |
| Rithm Capital Corp. | – | $– |
| &nbsp;&nbsp; Series A, 9.92% (3 mo. Term SOFR + 6.06%), Perpetual | 9768 | 246154 |
| &nbsp;&nbsp; Series B, 9.75% (3 mo. Term SOFR + 5.90%), Perpetual | 26115 | 656531 |
| &nbsp;&nbsp; Series C, 9.08% (3 mo. Term SOFR + 5.23%), Perpetual | 36928 | 905105 |
| &nbsp;&nbsp; Series D, 7.00% to 11/15/2026 then 5 yr. CMT Rate + 6.22%, Perpetual | 43152 | 1064560 |
| &nbsp;&nbsp; Series F, 8.75% to 2/15/2031 then 5 yr. CMT Rate + 5.01%, Perpetual | 23000 | 569710 |
|  Saratoga Investment Corp., Series 2027, 6.00%, 04/30/2027  | 9788 | 243917 |
|  SiriusPoint Ltd., Series B, 8.00% to 02/26/2026 then 5 yr. CMT Rate + 7.30%, Perpetual  | 18550 | 471170 |
|  State Street Corp., Series G, 5.35% (3 mo. LIBOR USD + 370.90%), Perpetual <sup>(a)</sup> | 46428 | 1087808 |
|  Synchrony Financial, Series B, 8.25% to 05/15/2029 then 5 yr. CMT Rate + 4.04%, Perpetual  | 41956 | 1090017 |
| Trinity Capital, Inc. | – | $– |
| &nbsp;&nbsp; 7.88%, 09/30/2029  | 11052 | 280721 |
| &nbsp;&nbsp; 7.88%, 03/30/2029  | 10825 | 274197 |
|  Truist Financial Corp., Series I, 4.00% (3 mo. Term SOFR + 0.79%), Perpetual  | 16019 | 319739 |
| Two Harbors Investment Corp. | – | $– |
| &nbsp;&nbsp; 9.38%, 08/15/2030 | 10665 | 271851 |
| &nbsp;&nbsp; Series A, 8.13% to 4/27/2027 then 3 mo. LIBOR USD + 5.66%, Perpetual <sup>(a)</sup> | 11722 | 289065 |
| &nbsp;&nbsp; Series B, 7.63% to 7/27/2027 then 3 mo. LIBOR USD + 5.35%, Perpetual <sup>(a)</sup> | 23577 | 581409 |
| &nbsp;&nbsp; Series C, 8.93% (3 mo. Term SOFR + 5.27%), Perpetual | 22412 | 558955 |
| US Bancorp | – | $– |
| &nbsp;&nbsp; Series A, 4.95% (3 mo. Term SOFR + 1.28%), Perpetual  | 1279 | 995638 |
| &nbsp;&nbsp; Series B\*, 4.53% (3 mo. Term SOFR + 0.86%), Perpetual  | 87356 | 1688591 |
| Valley National Bancorp | – | $– |
| &nbsp;&nbsp; Series A, 7.77% (3 mo. Term SOFR + 4.11%), Perpetual  | 10665 | 268758 |
| &nbsp;&nbsp; Series B, 7.53% (3 mo. Term SOFR + 3.84%), Perpetual  | 9282 | 233628 |
|  Voya Financial, Inc., Series B, 5.35% to 09/15/2029 then 5 yr. CMT Rate + 3.21%, Perpetual  | 27850 | 678983 |
|  WesBanco, Inc., Series B, 7.38% to 10/01/2030 then 5 yr. CMT Rate + 3.80%, Perpetual <sup>(b)</sup> | 17418 | 445901 |
|  Western Alliance Bancorp, Series A, 4.25% to 09/30/2026 then 5 yr. CMT Rate + 3.45%, Perpetual  | 27850 | 645563 |
|  |  | 89620830 |
| **Industrials - 0.2%** | **Industrials - 0.2%** |  |
|  FTAI Aviation Ltd., Series C, 8.25% to 06/15/2026 then 5 yr. CMT Rate + 7.38%, Perpetual  | 9745 | 248887 |
| Triton International Ltd. | – | $– |
| &nbsp;&nbsp; 7.38%, Perpetual  | 14559 | 362810 |
| &nbsp;&nbsp; 8.00%, Perpetual  | 13331 | 337808 |
|  |  | 949505 |
| **Information Technology - 0.0% <sup>(f)</sup>** | **Information Technology - 0.0% <sup>(f)</sup>** |  |
|  Soluna Holdings, Inc., Series A, 9.00%, Perpetual  | 11475 | 115324 |
| **Real Estate - 0.1%** | **Real Estate - 0.1%** |  |
|  Global Net Lease, Inc., Series D, 7.50%, Perpetual | 16993 | 419557 |
| **Utilities - 1.4%** | **Utilities - 1.4%** |  |
|  Algonquin Power & Utilities Corp., Series 19-A, 8.53% (3 mo. LIBOR USD + 4.01%), 07/01/2079 <sup>(a)</sup> | 32486 | 840088 |
| Duke Energy Corp. | – | $– |
| &nbsp;&nbsp; 5.63%, 09/15/2078  | 46241 | 1138453 |
| &nbsp;&nbsp; Series A, 5.75%, Perpetual  | 87856 | 2215728 |
|  SCE Trust V, Series K, 5.45% to 03/15/2026 then 3 mo. Term SOFR + 4.05%, Perpetual <sup>(b)</sup> | 10568 | 265680 |
|  Spire, Inc., Series A, 5.90%, Perpetual  | 23000 | 575000 |
| Tennessee Valley Authority | – | $– |
| &nbsp;&nbsp; Series A, 2.22% (30 yr. CMT Rate + 0.84%), 05/01/2029  | 19340 | 473830 |
| &nbsp;&nbsp; Series D, 2.13% (30 yr. CMT Rate + 0.94%), 06/01/2028  | 23803 | 579841 |
|  |  | 6088620 |
| **TOTAL PREFERRED STOCKS** (Cost $99,395,816) | **TOTAL PREFERRED STOCKS** (Cost $99,395,816) | 104605086 |
| **U.S. GOVERNMENT AGENCY ISSUES - 0.7%** | **Par** | **Value**  |
| CoBank ACB | CoBank ACB | CoBank ACB |
| &nbsp;&nbsp; 4.25% to 01/01/2027 then 5 yr. CMT Rate + 3.05%, Perpetual | 900000 | 884667 |
| &nbsp;&nbsp; 6.45% to 10/01/2027 then 5 yr. CMT Rate + 3.49%, Perpetual | 835000 | 841528 |
| &nbsp;&nbsp; 7.25% to 07/01/2029 then 5 yr. CMT Rate + 2.88%, Perpetual | 675000 | 690463 |
| &nbsp;&nbsp; 7.13% to 01/01/2030 then 5 yr. CMT Rate + 2.82%, Perpetual | 675000 | 698076 |
| **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $3,094,960) | **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $3,094,960) | 3114734 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 6.3%** | **Units** | **Value**  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77% <sup>(g)</sup> | 27916729 | 27916729 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $27,916,729) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $27,916,729) | 27916729 |
| **MONEY MARKET FUNDS - 1.2%** | **Shares** | **Value**  |
| Invesco Government & Agency Portfolio - Institutional Class, 3.61% <sup>(g)</sup> | 5217737 | 5217737 |
| **TOTAL MONEY MARKET FUNDS** (Cost $5,217,737) | **TOTAL MONEY MARKET FUNDS** (Cost $5,217,737) | 5217737 |
| **TOTAL INVESTMENTS - 106.5% (**Cost $462,638,869**)** | **TOTAL INVESTMENTS - 106.5% (**Cost $462,638,869**)** | 470118835 |
| Liabilities in Excess of Other Assets - (6.5)% | Liabilities in Excess of Other Assets - (6.5)% | (28605833) |
| **TOTAL NET ASSETS - 100.0%** |  | $441513002 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LIBOR - London Interbank Offered Rate |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

(b) All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $27,313,031.

(c) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(d) Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of
 January 31, 2026.

(e) Affiliated security as defined by the Investment Company Act of 1940.

(f) Represents less than 0.05% of net assets.

(g) The rate shown represents the 7-day annualized yield as of January 31, 2026.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
AAM Low Duration Preferred and Income Securities ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $329264549 | $– | $329264549 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 104605086 | – | – | 104605086 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 3114734 | – | 3114734 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 27916729 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 5217737 | – | – | 5217737 |
| Total Investments | $109822823 | $332379283 | $– | $470118835 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of
 $27,916,729 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | **AAM Low Duration Preferred and Income Securities ETF - Transactions with Affiliates** | |
|  | **Value as of** <br> **October 31, 2025** | **Additions** | **Reductions** | **Realized Gain (Loss)** | **Net Change in Unrealized Appreciation (Depreciation)** | **Value as of** <br> **January 31, 2026** | **Shares as of January 31, 2026** | **Dividend /** <br> **Interest Income** | **Capital Gain Distributions from Underlying Funds** |
| Crescent Capital BDC, Inc. | $283521 | $– | $(24944) | $1430 | $(1343) | $258818 | 10361 | $3520 | $– |
|  | $**–** | $**–** | $**(24944)** | $**1430** | $**(1343)** | $**258818** | **10361** | $**3520** | $**–** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

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

  - **Street Address 1:** 615 E Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

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

- **a. Name of Series:** AAM Low Duration Preferred and Income Securities ETF

- **b. EDGAR series identifier (if any):** S000066987

- **c. LEI of Series:** 5493002CPVU78CYSG396

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

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

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $471623525.64

**Total Liabilities:** $30092318.51

**Net Assets:** $441531207.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 296.134696000000 | **1-Year:** 7713.242547000000 | **5-Year:** 19622.784886000000 | **10-Year:** 207.391885000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 90.016694000000 | **1-Year:** 3085.481295000000 | **5-Year:** 11178.748400000000 | **10-Year:** 40.078276000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215601 | 0.09%                | 0.63%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $246695.59               | $-1609631.69                               |
| Month 2  | $771651.06               | $-513430.32                                |
| Month 3  | $160471.43               | $2172044.58                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   2830000 | PA      | $2784082.12   | 0.63%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AN0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   1135000 | PA      | $1174063.36   | 0.27%             |  |  |  | No            | 2                  | On Loan: —       |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AR1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   1085000 | PA      | $1102263.44   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| BELL CANADA                               | Bell Telephone Co of Canada or Bell Canada                | CUSIP: 0778FPAP4<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |   2220000 | PA      | $2300070.96   | 0.52%             | 2055-09-15      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1660000 | PA      | $1669807.28   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2450000 | PA      | $2446051.09   | 0.55%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1070000 | PA      | $1062776.43   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PC9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1385000 | PA      | $1434136.57   | 0.32%             |  |  |  | No            | 2                  | On Loan: —       |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     87856 | NS      | $2163014.72   | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61762VAA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    835000 | PA      | $831331.01    | 0.19%             |  |  |  | No            | 2                  | On Loan: —       |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     74413 | NS      | $1878928.25   | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| PG&E CORP                                 | PG&E Corp                                                 | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   3285000 | PA      | $3390280.90   | 0.77%             | 2055-03-15      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                  | PennyMac Mortgage Investment Trust                        | CUSIP: 70931T707<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     16019 | NS      | $403999.18    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                  | PennyMac Mortgage Investment Trust                        | CUSIP: 70931T806<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |      9720 | NS      | $247957.20    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| PHILLIPS 66 CO                            | Phillips 66 Co                                            | CUSIP: 718547AZ5<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2216382.13   | 0.50%             | 2056-03-15      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  27916729 | NS      | $27916729.38  | 6.32%             |  |  |  | No            | N/A                | On Loan: No      |
| CHS INC                                   | CHS Inc                                                   | CUSIP: 12542R308<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     47609 | NS      | $1246879.71   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| CHS INC                                   | CHS Inc                                                   | CUSIP: 12542R506<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     38979 | NS      | $992015.55    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| CHS INC                                   | CHS Inc                                                   | CUSIP: 12542R704<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     45723 | NS      | $1146732.84   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| CHS INC                                   | CHS Inc                                                   | CUSIP: 12542R803<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |     48044 | NS      | $1242898.28   | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     30170 | NS      | $711408.60    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     24143 | NS      | $530180.28    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     18550 | NS      | $431658.50    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                                   | CUSIP: 16934Q869<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     11076 | NS      | $276124.68    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| CION INVESTMENT CORP                      | CION Investment Corp                                      | CUSIP: 17259U303<br>LEI: 549300XN70JLF94XKX80 | Long             | EP               | CORP              | US        |     13858 | NS      | $351300.30    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475AQ8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   1195000 | PA      | $1199702.33   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   3285000 | PA      | $3234235.42   | 0.73%             |  |  |  | No            | 2                  | On Loan: No      |
| PINNACLE FINANCL PARTNRS                  | Pinnacle Financial Partners Inc                           | CUSIP: 72348N505<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     19594 | NS      | $487498.72    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| PLAINS ALL AMERICAN PIPE                  | Plains All American Pipeline LP                           | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | EP               | CORP              | US        |   1740000 | PA      | $1736758.21   | 0.39%             |  |  |  | No            | 2                  | On Loan: —       |
| AES CORP/THE                              | AES Corp/The                                              | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2115000 | PA      | $2144470.41   | 0.49%             | 2055-01-15      | Variable      | 7.60%                 | No            | 2                  | On Loan: No      |
| ACRES COMMERCIAL REALTY                   | ACRES Commercial Realty Corp                              | CUSIP: 00489Q201<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |     11129 | NS      | $277112.10    | 0.06%             |  |  |  | No            | 1                  | 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        |   1135000 | PA      | $1167161.36   | 0.26%             | 2056-01-31      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| AEGON LTD                                 | Aegon Ltd                                                 | CUSIP: 007924AJ2<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | DBT              | CORP              | BM        |   1790000 | PA      | $1811385.13   | 0.41%             | 2048-04-11      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| ASSOC BANC-CORP                           | Associated Banc-Corp                                      | CUSIP: 045487600<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |     27850 | NS      | $695136.00    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| ASSURANT INC                              | Assurant Inc                                              | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |    885000 | PA      | $911210.84    | 0.21%             | 2048-03-27      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                                        | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     46428 | NS      | $1200628.08   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                                        | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     53381 | NS      | $1349471.68   | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| ATHENE HOLDING LTD                        | Athene Holding Ltd                                        | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     75596 | NS      | $1873268.88   | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| ATLANTIC UNION BANKSHARE                  | Atlantic Union Bankshares Corp                            | CUSIP: 04911A206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     14175 | NS      | $349130.25    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ATLANTICUS HOLDINGS CORP                  | Atlanticus Holdings Corp                                  | CUSIP: 04914Y300<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13733 | NS      | $342089.03    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| ATLANTICUS HOLDINGS CORP                  | Atlanticus Holdings Corp                                  | CUSIP: 04914Y409<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15351 | NS      | $392218.05    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| BAC CAPITAL TRUST XIV                     | BAC Capital Trust XIV                                     | CUSIP: 05518VAA3<br>LEI: 549300QO5OB3VGJT6S64 | Long             | DBT              | CORP              | US        |    555000 | PA      | $456192.52    | 0.10%             | 2026-02-17      | Variable      | 4.38%                 | No            | 2                  | On Loan: No      |
| BANC OF CALIFORNIA INC                    | Banc of California Inc                                    | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |     47646 | NS      | $1200679.20   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505179<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     49206 | NS      | $1270006.86   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505195<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     39616 | NS      | $990796.16    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| CMS ENERGY CORP                           | CMS Energy Corp                                           | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1121138.70   | 0.25%             | 2050-06-01      | Variable      | 4.75%                 | No            | 2                  | On Loan: No      |
| CMS ENERGY CORP                           | CMS Energy Corp                                           | CUSIP: 125896BV1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    830000 | PA      | $765576.89    | 0.17%             | 2050-12-01      | Variable      | 3.75%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967QJ3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2750000 | PA      | $2800253.64   | 0.63%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2215000 | PA      | $2281733.52   | 0.52%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2900000 | PA      | $2962513.10   | 0.67%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     35090 | NS      | $896549.50    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610AP0<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    675000 | PA      | $674858.25    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    675000 | PA      | $671753.67    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP                  | Citizens Financial Group Inc                              | CUSIP: 174610BD6<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    675000 | PA      | $670991.51    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAD4<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    900000 | PA      | $884667.12    | 0.20%             | 2027-01-01      | Variable      | 4.25%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAE2<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    835000 | PA      | $841528.03    | 0.19%             | 2027-10-01      | Variable      | 6.45%                 | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                      | Edison International                                      | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |    925000 | PA      | $922684.91    | 0.21%             |  |  |  | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                      | Edison International                                      | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1179763.43   | 0.27%             | 2053-06-15      | Variable      | 8.12%                 | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                      | Edison International                                      | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1072792.38   | 0.24%             | 2054-06-15      | Variable      | 7.88%                 | No            | 2                  | On Loan: No      |
| ELLINGTON FINANCIAL                       | Ellington Financial Inc                                   | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |     10665 | NS      | $267478.20    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                  | Enterprise Products Operating LLC                         | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1501953.36   | 0.34%             | 2078-02-15      | Variable      | 5.38%                 | No            | 2                  | On Loan: No      |
| EUSHI FINANCE INC                         | EUSHI Finance Inc                                         | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1707157.00   | 0.39%             | 2056-04-01      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| EVERGY INC                                | Evergy Inc                                                | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1167807.18   | 0.26%             | 2055-06-01      | Variable      | 6.65%                 | No            | 2                  | On Loan: No      |
| FMC CORP                                  | FMC Corp                                                  | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1363449.47   | 0.31%             | 2055-11-01      | Variable      | 8.45%                 | No            | 2                  | On Loan: —       |
| FIFTH THIRD BANCORP                       | Fifth Third Bancorp                                       | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     41764 | NS      | $1069158.40   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| FIFTH THIRD BANCORP                       | Fifth Third Bancorp                                       | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     18464 | NS      | $453845.12    | 0.10%             |  |  |  | No            | 1                  | On Loan: —       |
| FIFTH THIRD BANCORP                       | Fifth Third Bancorp                                       | CUSIP: 316773CM0<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |   1370000 | PA      | $1374029.17   | 0.31%             |  |  |  | No            | 2                  | On Loan: No      |
| FIRST CITIZENS BANCSHARE                  | First Citizens BancShares Inc/NC                          | CUSIP: 31959XAA1<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |    740000 | PA      | $756268.16    | 0.17%             |  |  |  | No            | 2                  | On Loan: —       |
| FIRST CITIZENS BANCSHARE                  | First Citizens BancShares Inc/NC                          | CUSIP: 31959XAG8<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |   1125000 | PA      | $1150251.75   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| FIRST HORIZON CORP                        | First Horizon Corp                                        | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |     12393 | NS      | $309825.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GENERAL MOTORS FINL CO                    | General Motors Financial Co Inc                           | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | EP               | CORP              | US        |   2230000 | PA      | $2217204.48   | 0.50%             |  |  |  | No            | 2                  | On Loan: —       |
| GENERAL MOTORS FINL CO                    | General Motors Financial Co Inc                           | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | EP               | CORP              | US        |   1135000 | PA      | $1150673.22   | 0.26%             |  |  |  | No            | 2                  | On Loan: —       |
| GENERAL MOTORS FINL CO                    | General Motors Financial Co Inc                           | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | EP               | CORP              | US        |   1080000 | PA      | $1085285.66   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |     30170 | NS      | $764809.50    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |   1135000 | PA      | $1153696.91   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |   1080000 | PA      | $1064712.38   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                              | CUSIP: 446150BG8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |   1705000 | PA      | $1704702.99   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| SOLUNA HOLDINGS INC                       | Soluna Holdings Inc                                       | CUSIP: 583543202<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     11475 | NS      | $115323.75    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |      9768 | NS      | $246153.60    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     26115 | NS      | $656531.10    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     36928 | NS      | $905105.28    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                                        | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     43152 | NS      | $1064559.84   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| FLAGSTAR BANK NA                          | Flagstar Bank NA                                          | CUSIP: 649445202<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EP               | CORP              | US        |     47821 | NS      | $1086493.12   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                                          | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     14183 | NS      | $317131.88    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   2215000 | PA      | $2229215.87   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   2810000 | PA      | $2852922.75   | 0.65%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES                    | PNC Financial Services Group Inc/The                      | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   3305000 | PA      | $3413522.98   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                  | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1620445.79   | 0.37%             | 2047-09-15      | Variable      | 4.50%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                  | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2259538.58   | 0.51%             | 2048-09-15      | Variable      | 5.70%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                  | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1642616.27   | 0.37%             | 2050-10-01      | Variable      | 3.70%                 | No            | 2                  | On Loan: No      |
| READY CAPITAL CORP                        | Ready Capital Corp                                        | CUSIP: 75574U606<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |     12247 | NS      | $305195.24    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| READY CAPITAL CORP                        | Ready Capital Corp                                        | CUSIP: 75574U838<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |     12054 | NS      | $253857.24    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| REDWOOD TRUST INC                         | Redwood Trust Inc                                         | CUSIP: 758075857<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |      7180 | NS      | $179787.20    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| REGIONS FINANCIAL CORP                    | Regions Financial Corp                                    | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     46428 | NS      | $1147235.88   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| REGIONS FINANCIAL CORP                    | Regions Financial Corp                                    | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     46428 | NS      | $1181592.60   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| REINSURANCE GRP OF AMER                   | Reinsurance Group of America Inc                          | CUSIP: 759351802<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     37122 | NS      | $928792.44    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| REINSURANCE GRP OF AMER                   | Reinsurance Group of America Inc                          | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     61477 | NS      | $1564589.65   | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| ROGERS COMMUNICATIONS IN                  | Rogers Communications Inc                                 | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   2475000 | PA      | $2567248.20   | 0.58%             | 2055-04-15      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| SARATOGA INVESTMENT CORP                  | Saratoga Investment Corp                                  | CUSIP: 80349A802<br>LEI: 54930023WJCWPAGSWE41 | Long             | EP               | CORP              | US        |      9788 | NS      | $243916.96    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    835000 | PA      | $847012.31    | 0.19%             | 2055-04-01      | Variable      | 6.62%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1769873.16   | 0.40%             | 2056-04-01      | Variable      | 6.38%                 | No            | 2                  | On Loan: —       |
| SIERRA PACIFIC POWER CO                   | Sierra Pacific Power Co                                   | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    955000 | PA      | $950283.54    | 0.22%             | 2055-12-15      | Variable      | 6.20%                 | No            | 2                  | On Loan: —       |
| SOUTH BOW CAN INFRA HOLD                  | South Bow Canadian Infrastructure Holdings Ltd            | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1042478.04   | 0.24%             | 2055-03-01      | Variable      | 7.62%                 | No            | 2                  | On Loan: No      |
| SOUTHERN CO                               | Southern Co/The                                           | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2212839.48   | 0.50%             | 2051-09-15      | Variable      | 3.75%                 | No            | 2                  | On Loan: No      |
| SPIRE INC                                 | Spire Inc                                                 | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996525.84    | 0.23%             | 2056-06-01      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |     46428 | NS      | $1087808.04   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   3285000 | PA      | $3407392.53   | 0.77%             |  |  |  | No            | 2                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   1875000 | PA      | $1961671.88   | 0.44%             |  |  |  | No            | 2                  | On Loan: No      |
| STATE STREET CORP                         | State Street Corp                                         | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |   1640000 | PA      | $1695192.56   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| SYNCHRONY FINANCIAL                       | Synchrony Financial                                       | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     41956 | NS      | $1090016.88   | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| T-MOBILE USA INC                          | T-Mobile USA Inc                                          | CUSIP: 87264A105<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |     34658 | NS      | $871648.70    | 0.20%             |  |  |  | No            | 1                  | On Loan: —       |
| TELUS CORP                                | TELUS Corp                                                | CUSIP: 87971MCL5<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |   1515000 | PA      | $1549435.95   | 0.35%             | 2055-10-15      | Variable      | 6.62%                 | No            | 2                  | On Loan: No      |
| TELUS CORP                                | TELUS Corp                                                | CUSIP: 87971MCQ4<br>LEI: 894500WE70KKZRQMBU11 | Long             | DBT              | CORP              | CA        |   1725000 | PA      | $1742827.88   | 0.39%             | 2056-06-09      | Variable      | 6.38%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                | CUSIP: 880591300<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | USGA              | US        |     23803 | NS      | $579841.08    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                | CUSIP: 880591409<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | USGA              | US        |     19340 | NS      | $473830.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                         | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   1725000 | PA      | $1717283.56   | 0.39%             | 2082-03-07      | Variable      | 5.60%                 | No            | 2                  | On Loan: No      |
| TRINITY CAPITAL INC/MD                    | Trinity Capital Inc                                       | CUSIP: 896442605<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |     10825 | NS      | $274197.25    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| TRINITY CAPITAL INC/MD                    | Trinity Capital Inc                                       | CUSIP: 896442704<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |     11052 | NS      | $280720.80    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                     | CUSIP: 89832Q810<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     16019 | NS      | $319739.24    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| TRUIST FIN CORP                           | Truist Financial Corp                                     | CUSIP: 89832QAC3<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   1080000 | PA      | $1080211.68   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                     | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   3740000 | PA      | $3746043.84   | 0.85%             |  |  |  | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL CORP                     | Truist Financial Corp                                     | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   2210000 | PA      | $2224360.58   | 0.50%             |  |  |  | No            | 2                  | On Loan: —       |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     11722 | NS      | $289064.52    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     23577 | NS      | $581408.82    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     22412 | NS      | $558955.28    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                               | CUSIP: 90187B887<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     10665 | NS      | $271850.85    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973155<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     87356 | NS      | $1688591.48   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973866<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      1469 | NS      | $1143543.05   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973AZ9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   2230000 | PA      | $2232143.03   | 0.51%             |  |  |  | No            | 2                  | On Loan: No      |
| US BANCORP                                | US Bancorp                                                | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   3305000 | PA      | $3259008.94   | 0.74%             |  |  |  | No            | 2                  | On Loan: —       |
| USB CAPITAL IX                            | USB Capital IX                                            | CUSIP: 91731KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1216810.25   | 0.28%             | 2026-03-04      | Variable      | 4.95%                 | No            | 2                  | On Loan: No      |
| VALLEY NATIONAL BANCORP                   | Valley National Bancorp                                   | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     10665 | NS      | $268758.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| VALLEY NATIONAL BANCORP                   | Valley National Bancorp                                   | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |      9282 | NS      | $233627.94    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| VALLEY NATIONAL BANCORP                   | Valley National Bancorp                                   | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     13910 | NS      | $362494.60    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| VODAFONE GROUP PLC                        | Vodafone Group PLC                                        | CUSIP: 92857WBW9<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   2225000 | PA      | $2093761.94   | 0.47%             | 2081-06-04      | Variable      | 4.12%                 | No            | 2                  | On Loan: No      |
| VOYA FINANCIAL INC                        | Voya Financial Inc                                        | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |     27850 | NS      | $678983.00    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| VOYA FINANCIAL INC                        | Voya Financial Inc                                        | CUSIP: 929089AF7<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |    780000 | PA      | $747259.50    | 0.17%             | 2048-01-23      | Variable      | 4.70%                 | No            | 2                  | On Loan: No      |
| WEC ENERGY GROUP INC                      | WEC Energy Group Inc                                      | CUSIP: 92939UAU0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1382347.15   | 0.31%             | 2056-05-15      | Variable      | 5.62%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                     | Wells Fargo & Co                                          | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   7800000 | PA      | $7791356.82   | 1.76%             |  |  |  | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY                     | Wells Fargo & Co                                          | CUSIP: 95002YAC7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   4415000 | PA      | $4617403.56   | 1.05%             |  |  |  | No            | 2                  | On Loan: —       |
| WESBANCO INC                              | WesBanco Inc                                              | CUSIP: 950810887<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     17418 | NS      | $445900.80    | 0.10%             |  |  |  | No            | 1                  | On Loan: —       |
| WESTERN ALLIANCE BANCORP                  | Western Alliance Bancorp                                  | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |     27850 | NS      | $645563.00    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| FTAI AVIATION LTD                         | FTAI Aviation Ltd                                         | CUSIP: EP0602243<br>LEI: N/A                  | Long             | EP               | CORP              | KY        |      9745 | NS      | $248887.30    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| SIRIUSPOINT LTD                           | SiriusPoint Ltd                                           | CUSIP: EP0598912<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EP               | CORP              | BM        |     18550 | NS      | $471170.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| TRITON INTERNATIONAL LTD                  | Triton International Ltd                                  | CUSIP: EP0573691<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     13331 | NS      | $337807.54    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| TRITON INTERNATIONAL LTD                  | Triton International Ltd                                  | CUSIP: EP0580365<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     14559 | NS      | $362810.28    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| TSAKOS ENERGY NAVIGATION                  | Tsakos Energy Navigation Ltd                              | CUSIP: EP0526210<br>LEI: 549300IFUTS62LRRCU54 | Long             | EP               | CORP              | BM        |      9016 | NS      | $239014.16    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| GASLOG PARTNERS LP                        | GasLog Partners LP                                        | CUSIP: EP0528133<br>LEI: 5299004R0RSGEG82BS06 | Long             | EP               | CORP              | MH        |     11805 | NS      | $302917.48    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| TEEKAY LNG PARTNERS                       | Seapeak LLC                                               | CUSIP: EP0537951<br>LEI: 549300CP38L0UER0I397 | Long             | EP               | CORP              | MH        |     15292 | NS      | $395756.96    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                            | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   3355000 | PA      | $3355667.65   | 0.76%             | 2056-03-15      | Variable      | 5.80%                 | No            | 2                  | On Loan: No      |
| AMERICAN NATIONAL GROUP                   | American National Group Inc                               | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1136148.75   | 0.26%             | 2055-12-01      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO                       | American Express Co                                       | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | EP               | CORP              | US        |   3515000 | PA      | $3478264.38   | 0.79%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERICAN INTL GROUP                       | American International Group Inc                          | CUSIP: 026874DM6<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    720000 | PA      | $734347.44    | 0.17%             | 2048-04-01      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc                             | CUSIP: 035710847<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     41075 | NS      | $1052752.25   | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc                             | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     39443 | NS      | $990019.30    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc                             | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     62857 | NS      | $1626110.59   | 0.37%             |  |  |  | No            | 1                  | On Loan: —       |
| AON CORP                                  | Aon Corp                                                  | CUSIP: 037389AK9<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1242613.54   | 0.28%             | 2027-01-01      | Fixed         | 8.21%                 | No            | 2                  | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT                  | Apollo Global Management Inc                              | CUSIP: 03769M205<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |     53440 | NS      | $1408678.40   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                  | Aptiv Swiss Holdings Ltd                                  | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   1095000 | PA      | $1143654.14   | 0.26%             | 2054-12-15      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| ARBOR REALTY TRUST INC                    | Arbor Realty Trust Inc                                    | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     26333 | NS      | $589069.21    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| CVS HEALTH CORP                           | CVS Health Corp                                           | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4980000 | PA      | $5212297.08   | 1.18%             | 2055-03-10      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1660000 | PA      | $1740584.70   | 0.39%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PJ4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    615000 | PA      | $637759.31    | 0.14%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1920000 | PA      | $1987157.76   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| CITIGROUP INC                             | Citigroup Inc                                             | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   1660000 | PA      | $1692792.07   | 0.38%             |  |  |  | No            | 2                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAF9<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    675000 | PA      | $690462.23    | 0.16%             | 2029-07-01      | Variable      | 7.25%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                                | CoBank ACB                                                | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    675000 | PA      | $698076.23    | 0.16%             | 2030-01-01      | Variable      | 7.12%                 | No            | 2                  | On Loan: No      |
| COMERICA INC                              | Comerica Inc                                              | CUSIP: 200340701<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |     35090 | NS      | $903567.50    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPASS DIVERSIF HOLDING                  | Compass Diversified Holdings                              | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |     17473 | NS      | $346314.86    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| COMPEER FINANCIAL ACA                     | Compeer Financial ACA                                     | CUSIP: 20453QAC6<br>LEI: 54930020HTACTODKHT04 | Long             | EP               | CORP              | US        |    650000 | PA      | $668687.53    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| CONNECTONE BANCORP INC                    | ConnectOne Bancorp Inc                                    | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |     10630 | NS      | $261072.80    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| COREBRIDGE FINANCIAL INC                  | Corebridge Financial Inc                                  | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2274890.83   | 0.52%             | 2052-12-15      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| COREBRIDGE FINANCIAL INC                  | Corebridge Financial Inc                                  | CUSIP: 21871XAU3<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |   1125000 | PA      | $1168839.00   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| CRESCENT CAPITAL BDC INC                  | Crescent Capital BDC Inc                                  | CUSIP: 225655208<br>LEI: 549300VPIZMU6OEE0V68 | Long             | EP               | CORP              | US        |     10361 | NS      | $258817.78    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| DENTSPLY SIRONA INC                       | DENTSPLY SIRONA Inc                                       | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1159848.09   | 0.26%             | 2055-09-12      | Variable      | 8.38%                 | No            | 2                  | On Loan: —       |
| DILLARDS CAP TRUST I                      | Dillard's Capital Trust I                                 | CUSIP: 25406P200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18550 | NS      | $484155.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| DOMINION ENERGY INC                       | Dominion Energy Inc                                       | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EP               | CORP              | US        |   1640000 | PA      | $1628227.26   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                       | Dominion Energy Inc                                       | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2322414.30   | 0.53%             | 2055-02-01      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                       | Dominion Energy Inc                                       | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3214286.03   | 0.73%             | 2056-02-15      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| DUKE ENERGY CORP                          | Duke Energy Corp                                          | CUSIP: 26441C402<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |     46241 | NS      | $1138453.42   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| DUKE ENERGY CORP                          | Duke Energy Corp                                          | CUSIP: 26441C501<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |     87856 | NS      | $2215728.32   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| DUKE ENERGY CORP                          | Duke Energy Corp                                          | CUSIP: 26441CBP9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1106697.64   | 0.25%             | 2082-01-15      | Variable      | 3.25%                 | No            | 2                  | On Loan: No      |
| DYNEX CAPITAL INC                         | Dynex Capital Inc                                         | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |      9526 | NS      | $246342.36    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ELLINGTON FINANCIAL                       | Ellington Financial Inc                                   | CUSIP: 28852N307<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |     11177 | NS      | $270484.52    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| ELLINGTON FINANCIAL                       | Ellington Financial Inc                                   | CUSIP: 28852N406<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |      9278 | NS      | $236867.34    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| EMERA INC                                 | Emera Inc                                                 | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2685000 | PA      | $2703341.24   | 0.61%             | 2076-06-15      | Variable      | 6.75%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1630000 | PA      | $1640617.82   | 0.37%             | 2077-01-15      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2230000 | PA      | $2228925.12   | 0.50%             | 2077-07-15      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1870000 | PA      | $1900787.68   | 0.43%             | 2078-03-01      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   2230000 | PA      | $2257185.93   | 0.51%             | 2080-07-15      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                              | Enbridge Inc                                              | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1135000 | PA      | $1169007.78   | 0.26%             | 2083-01-15      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   1165000 | PA      | $1178708.56   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   2000000 | PA      | $2009240.00   | 0.46%             |  |  |  | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VBC3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    835000 | PA      | $862846.42    | 0.20%             | 2054-10-01      | Variable      | 7.12%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                        | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2700129.60   | 0.61%             | 2056-02-15      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| ENSTAR FINANCE LLC                        | Enstar Finance LLC                                        | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1127498.67   | 0.26%             | 2042-01-15      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| ENTERGY CORP                              | Entergy Corp                                              | CUSIP: 29364GAR4<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1376335.21   | 0.31%             | 2056-06-15      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                  | Enterprise Products Operating LLC                         | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2221261.08   | 0.50%             | 2077-08-16      | Variable      | 5.25%                 | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     23214 | NS      | $581742.84    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |   1135000 | PA      | $1133206.81   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261FAL8<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    835000 | PA      | $835000.00    | 0.19%             |  |  |  | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION                      | M&T Bank Corp                                             | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |   1135000 | PA      | $1114761.70   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| MFA FINANCIAL INC                         | MFA Financial Inc                                         | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     25533 | NS      | $592365.60    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| MFA FINANCIAL INC                         | MFA Financial Inc                                         | CUSIP: 55272X706<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     10665 | NS      | $267691.50    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| MELLON CAPITAL IV                         | Mellon Capital IV                                         | CUSIP: 58551TAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1060000 | PA      | $889786.90    | 0.20%             | 2026-03-04      | Variable      | 4.52%                 | No            | 2                  | On Loan: No      |
| MERCHANTS BANCORP                         | Merchants Bancorp/IN                                      | CUSIP: 58844R884<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |     13237 | NS      | $338602.46    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| METLIFE INC                               | MetLife Inc                                               | CUSIP: 59156R504<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |     55700 | NS      | $1213146.00   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| METLIFE INC                               | MetLife Inc                                               | CUSIP: 59156RBT4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   1135000 | PA      | $1154654.80   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| MIDLAND STATES BANCORP                    | Midland States Bancorp Inc                                | CUSIP: 597742303<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EP               | CORP              | US        |     10665 | NS      | $272064.15    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61745VAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    675000 | PA      | $675754.65    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61747S504<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     96142 | NS      | $1961296.80   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     87856 | NS      | $2220121.12   | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                            | Morgan Stanley                                            | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     75596 | NS      | $1930721.84   | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| NGL ENERGY PARTNERS LP                    | NGL Energy Partners LP                                    | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |     29201 | NS      | $711628.37    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| NATIONAL RURAL UTIL COOP                  | National Rural Utilities Cooperative Finance Corp         | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    805000 | PA      | $804391.58    | 0.18%             | 2046-04-20      | Variable      | 5.25%                 | No            | 2                  | On Loan: —       |
| NATIONAL RURAL UTIL COOP                  | National Rural Utilities Cooperative Finance Corp         | CUSIP: 637432PB5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    900000 | PA      | $943722.00    | 0.21%             | 2053-09-15      | Variable      | 7.12%                 | No            | 2                  | On Loan: No      |
| NEVADA POWER CO                           | Nevada Power Co                                           | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    675000 | PA      | $682561.35    | 0.15%             | 2055-05-15      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| NEW MOUNTAIN FINANCE COR                  | New Mountain Finance Corp                                 | CUSIP: 647551308<br>LEI: 549300L1MPTT1H7SES77 | Long             | EP               | CORP              | US        |     10665 | NS      | $268118.10    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KAV2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1248653.83   | 0.28%             | 2077-12-01      | Variable      | 4.80%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KBK5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1091749.32   | 0.25%             | 2079-05-01      | Variable      | 5.65%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KCB4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1332109.71   | 0.30%             | 2082-03-15      | Variable      | 3.80%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2281756.49   | 0.52%             | 2054-09-01      | Variable      | 6.70%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3285000 | PA      | $3392771.00   | 0.77%             | 2055-08-15      | Variable      | 6.38%                 | No            | 2                  | On Loan: No      |
| NISOURCE INC                              | NiSource Inc                                              | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1124822.16   | 0.25%             | 2054-11-30      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| NISOURCE INC                              | NiSource Inc                                              | CUSIP: 65473PAY1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2237690.04   | 0.51%             | 2056-07-15      | Variable      | 5.75%                 | No            | 2                  | On Loan: —       |
| NORTHERN TRUST CORP                       | Northern Trust Corp                                       | CUSIP: 665859AQ7<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |   1065000 | PA      | $1062797.15   | 0.24%             |  |  |  | No            | 2                  | On Loan: No      |
| OLD NATL BANCORP                          | Old National Bancorp/IN                                   | CUSIP: 68003D204<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |      9999 | NS      | $252474.75    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| OLD NATL BANCORP                          | Old National Bancorp/IN                                   | CUSIP: 68003D303<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |     11381 | NS      | $286801.20    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| PACIFICORP                                | PacifiCorp                                                | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1951307.60   | 0.44%             | 2055-09-15      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| PARTNERRE FINANCE B LLC                   | PartnerRe Finance B LLC                                   | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1072274.91   | 0.24%             | 2050-10-01      | Variable      | 4.50%                 | No            | 2                  | On Loan: No      |
| PINNACLE FINANCL PARTNRS                  | Pinnacle Financial Partners Inc                           | CUSIP: 72348N208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18550 | NS      | $471170.00    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| PARAMOUNT GLOBAL                          | Paramount Global                                          | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1349493.75   | 0.31%             | 2057-02-28      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| PARAMOUNT GLOBAL                          | Paramount Global                                          | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2097092.00   | 0.47%             | 2062-03-30      | Variable      | 6.38%                 | No            | 2                  | On Loan: No      |
| BP CAPITAL MARKETS PLC                    | BP Capital Markets PLC                                    | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   5545000 | PA      | $5504681.75   | 1.25%             | 2030-03-22      | Variable      | 4.88%                 | No            | 2                  | On Loan: No      |
| BRC GROUP HOLDINGS INC                    | BRC Group Holdings Inc                                    | CUSIP: 05580M793<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     19218 | NS      | $440860.92    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| BRC GROUP HOLDINGS INC                    | BRC Group Holdings Inc                                    | CUSIP: 05580M801<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     16745 | NS      | $397191.40    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| BRC GROUP HOLDINGS INC                    | BRC Group Holdings Inc                                    | CUSIP: 05580M819<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     37390 | NS      | $583284.00    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| BRC GROUP HOLDINGS INC                    | BRC Group Holdings Inc                                    | CUSIP: 05580M827<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |      9433 | NS      | $235447.68    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| BRC GROUP HOLDINGS INC                    | BRC Group Holdings Inc                                    | CUSIP: 05580M835<br>LEI: 529900LRQ75IKIPK4990 | Long             | EP               | CORP              | US        |     20600 | NS      | $355556.00    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505229<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     63288 | NS      | $1592958.96   | 0.36%             |  |  |  | No            | 1                  | On Loan: —       |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505583<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     18116 | NS      | $358696.80    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505591<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      8677 | NS      | $182043.46    | 0.04%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505625<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     13031 | NS      | $256450.08    | 0.06%             |  |  |  | No            | 1                  | On Loan: —       |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505815<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     13566 | NS      | $273626.22    | 0.06%             |  |  |  | No            | 1                  | On Loan: —       |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505EU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1215000 | PA      | $1218287.79   | 0.28%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505FL3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2665000 | PA      | $2697896.76   | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1995000 | PA      | $1984741.71   | 0.45%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2430000 | PA      | $2461159.89   | 0.56%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   3635000 | PA      | $3776823.16   | 0.86%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP                      | Bank of America Corp                                      | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2950000 | PA      | $3002659.65   | 0.68%             |  |  |  | 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        |     46428 | NS      | $1195985.28   | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AF7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   2215000 | PA      | $2206437.25   | 0.50%             |  |  |  | No            | 2                  | On Loan: No      |
| BANK OF NY MELLON CORP                    | Bank of New York Mellon Corp/The                          | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   1330000 | PA      | $1327359.02   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| BROOKFIELD INFRA FIN ULC                  | Brookfield Infrastructure Finance ULC                     | CUSIP: 11276BAA7<br>LEI: 984500CDDWC47U7DBA74 | Long             | DBT              | CORP              | CA        |    675000 | PA      | $681138.45    | 0.15%             | 2055-03-15      | Variable      | 6.75%                 | No            | 2                  | On Loan: No      |
| BRUNSWICK CORP                            | Brunswick Corp/DE                                         | CUSIP: 117043604<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |     16941 | NS      | $421153.26    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                  | Capital One Financial Corp                                | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   2230000 | PA      | $2213509.37   | 0.50%             |  |  |  | No            | 2                  | On Loan: —       |
| CAPITAL ONE FINANCIAL CO                  | Capital One Financial Corp                                | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   1300000 | PA      | $1304509.70   | 0.30%             |  |  |  | No            | 2                  | On Loan: No      |
| CENTERPOINT ENERGY INC                    | CenterPoint Energy Inc                                    | CUSIP: 15189TBH9<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    835000 | PA      | $875442.39    | 0.20%             | 2055-02-15      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| CENTERPOINT ENERGY INC                    | CenterPoint Energy Inc                                    | CUSIP: 15189TBP1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1108891.08   | 0.25%             | 2055-05-15      | Variable      | 6.70%                 | No            | 2                  | On Loan: No      |
| CENTERPOINT ENERGY INC                    | CenterPoint Energy Inc                                    | CUSIP: 15189TBS5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1511467.50   | 0.34%             | 2056-04-01      | Variable      | 5.95%                 | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |     65627 | NS      | $1662331.91   | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513AR6<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   1090000 | PA      | $1084138.31   | 0.25%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   4930000 | PA      | $4625031.68   | 1.05%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   4540000 | PA      | $4521906.28   | 1.02%             |  |  |  | No            | 2                  | On Loan: No      |
| CHARLES SCHWAB CORP                       | Charles Schwab Corp/The                                   | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   1640000 | PA      | $1642558.40   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     30170 | NS      | $771748.60    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     21822 | NS      | $544677.12    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     37382 | NS      | $952493.36    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     13910 | NS      | $349280.10    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                                      | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     53381 | NS      | $1340930.72   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| AES CORP/THE                              | AES Corp/The                                              | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1094891.73   | 0.25%             | 2055-07-15      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                            | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    675000 | PA      | $671666.31    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                            | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    675000 | PA      | $668715.95    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                            | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    675000 | PA      | $649780.72    | 0.15%             |  |  |  | No            | 2                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY                   | Algonquin Power & Utilities Corp                          | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     32486 | NS      | $840087.96    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY                   | Algonquin Power & Utilities Corp                          | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   1640000 | PA      | $1628095.90   | 0.37%             | 2082-01-18      | Variable      | 4.75%                 | No            | 2                  | On Loan: No      |
| ALLIANT ENERGY CORP                       | Alliant Energy Corp                                       | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1628080.15   | 0.37%             | 2056-04-01      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| ALLSTATE CORP                             | Allstate Corp/The                                         | CUSIP: 020002309<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |     43700 | NS      | $1141444.00   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                        | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |   3030000 | PA      | $3011562.75   | 0.68%             |  |  |  | No            | 2                  | On Loan: —       |
| ALLY FINANCIAL INC                        | Ally Financial Inc                                        | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |   2225000 | PA      | $2132683.42   | 0.48%             |  |  |  | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                            | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1616416.14   | 0.37%             | 2062-02-15      | Variable      | 3.88%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                            | CUSIP: 025537AZ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    900000 | PA      | $942153.30    | 0.21%             | 2054-12-15      | Variable      | 7.05%                 | No            | 2                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                                          | CUSIP: 649604816<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |      8557 | NS      | $218973.63    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                                          | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     13300 | NS      | $308161.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                                          | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     15454 | NS      | $391913.44    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| SCE TRUST V                               | SCE Trust V                                               | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     26220 | NS      | $659170.80    | 0.15%             |  |  |  | No            | 1                  | On Loan: —       |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2194461.41   | 0.50%             | 2052-04-01      | Variable      | 4.12%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                    | Sempra                                                    | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2526748.25   | 0.57%             | 2054-10-01      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA PIPELINES                     | TransCanada PipeLines Ltd                                 | CUSIP: 89352HBG3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   1645000 | PA      | $1699622.23   | 0.38%             | 2065-06-01      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                         | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   2610000 | PA      | $2616198.75   | 0.59%             | 2076-08-15      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                         | CUSIP: 89356BAC2<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   3285000 | PA      | $3293107.38   | 0.75%             | 2077-03-15      | Variable      | 5.30%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                         | Transcanada Trust                                         | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   2450000 | PA      | $2444329.48   | 0.55%             | 2079-09-15      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| SEAPEAK LLC                               | Seapeak LLC                                               | CUSIP: EP0515908<br>LEI: 549300CP38L0UER0I397 | Long             | EP               | CORP              | MH        |     11423 | NS      | $291743.42    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GLADSTONE INVESTMENT COR                  | Gladstone Investment Corp                                 | CUSIP: 376546800<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |     11858 | NS      | $296212.84    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GLADSTONE INVESTMENT COR                  | Gladstone Investment Corp                                 | CUSIP: 376546867<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |     11743 | NS      | $300973.09    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GLADSTONE INVESTMENT COR                  | Gladstone Investment Corp                                 | CUSIP: 376546883<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |     12476 | NS      | $298924.96    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| GLOBAL NET LEASE INC                      | Global Net Lease Inc                                      | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     16993 | NS      | $419557.17    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   4185000 | PA      | $4361474.00   | 0.99%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1640000 | PA      | $1626633.51   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38143Y665<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     69360 | NS      | $1397604.00   | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144G804<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    116156 | NS      | $2337058.72   | 0.53%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1285000 | PA      | $1285299.65   | 0.29%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAC5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    805000 | PA      | $805398.13    | 0.18%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAE1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1450000 | PA      | $1442001.80   | 0.33%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144GAG6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1640000 | PA      | $1625266.57   | 0.37%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38144X609<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     18434 | NS      | $375869.26    | 0.09%             |  |  |  | No            | 1                  | On Loan: —       |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38148BAC2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1405000 | PA      | $1407402.55   | 0.32%             |  |  |  | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC                   | Goldman Sachs Group Inc/The                               | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1145000 | PA      | $1145231.23   | 0.26%             |  |  |  | No            | 2                  | On Loan: No      |
| GRANITE POINT MTGE TRST                   | Granite Point Mortgage Trust Inc                          | CUSIP: 38741L305<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EP               | CORP              | US        |     19081 | NS      | $388679.97    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| HA SUSTAINABLE INF CAP                    | HA Sustainable Infrastructure Capital Inc                 | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1180125.00   | 0.27%             | 2056-06-01      | Variable      | 8.00%                 | No            | 2                  | On Loan: No      |
| HARTFORD INSUR GRP INC/T                  | Hartford Insurance Group Inc/The                          | CUSIP: 416518603<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EP               | CORP              | US        |     32022 | NS      | $804392.64    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| INVESCO MORTGAGE CAPITAL                  | Invesco Mortgage Capital Inc                              | CUSIP: 46131B506<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |     16305 | NS      | $405994.50    | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| JACKSON FINANCIAL INC                     | Jackson Financial Inc                                     | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     48602 | NS      | $1268998.22   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   5435000 | PA      | $5655231.96   | 1.28%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    134391 | NS      | $3377245.83   | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128B655<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    120391 | NS      | $3009775.00   | 0.68%             |  |  |  | No            | 1                  | On Loan: —       |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAD3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2285000 | PA      | $2306287.06   | 0.52%             |  |  |  | No            | 2                  | On Loan: —       |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2665000 | PA      | $2674458.09   | 0.61%             |  |  |  | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO                       | JPMorgan Chase & Co                                       | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   3630000 | PA      | $3626844.08   | 0.82%             |  |  |  | No            | 2                  | On Loan: No      |
| KEMPER CORP                               | Kemper Corp                                               | CUSIP: 488401308<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EP               | CORP              | US        |     13910 | NS      | $331266.65    | 0.08%             |  |  |  | No            | 1                  | On Loan: No      |
| KEYCORP                                   | KeyCorp                                                   | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     46428 | NS      | $1168592.76   | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| KEYCORP                                   | KeyCorp                                                   | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     52200 | NS      | $1321704.00   | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| KEYCORP                                   | KeyCorp                                                   | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |   1180000 | PA      | $1175728.64   | 0.27%             |  |  |  | No            | 2                  | On Loan: No      |
| Invesco Government & Agency Po            | Invesco Government & Agency Portfolio                     | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   5217737 | NS      | $5217737.03   | 1.18%             | 2031-12-31      | Fixed         | 0.06%                 | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer