# EDGAR Filing Document

**Accession Number:** 0001245648
**File Stem:** 0001752724-23-010034
**Filing Date:** 2023-1
**Character Count:** 84793
**Document Hash:** 5c08252a2bb6e80923b90a37cfccad33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-010034.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-010034

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FLAHERTY & CRUMRINE TOTAL RETURN FUND INC
- **CENTRAL INDEX KEY:** 0001245648
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21380
- **FILM NUMBER:** 23549019

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INC
- **DATE OF NAME CHANGE:** 20030623

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Flaherty & Crumrine Total Return Fund Inc

- **b. Investment Company Act file number:** 811-21380

- **c. CIK number of Registrant:** 0001245648

- **d. LEI of Registrant:** 254900OFZ9J1RLHWZQ22

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

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

  - **City:** Pasadena

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 91101

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

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

- **a. Name of Series:** Flaherty & Crumrine Total Return Fund Incorporated

- **c. LEI of Series:** 254900OFZ9J1RLHWZQ22

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $300211124.98

**Total Liabilities:** $120181265.83

**Net Assets:** $180029859.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 8987.00000000 | **1-Year:** 31200.00000000 | **5-Year:** 36418.00000000 | **10-Year:** 34802.00000000 | **30-Year:** 14358.00000000

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

- **3-Month:** 5118.00000000 | **1-Year:** 20443.00000000 | **5-Year:** 26644.00000000 | **10-Year:** 29658.00000000 | **30-Year:** 11541.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -10.21%              | -2.03%               | 7.11%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-21371.86               | $-12516944.93                              |
| Month 2  | $-20369.64               | $-4296992.73                               |
| Month 3  | $166.22                  | $7379241.50                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                          | CUSIP: 37045XCM6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $869620.80    | 0.48%             | N/A             | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| DELPHI FINANCIAL GROUP           | Delphi Financial Group Inc                               | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |    224200 | NS      | $4960425.00   | 2.76%             |  |  |  | No            | 2                  | On Loan: No      |
| COMED FINANCING III              | ComEd Financing III                                      | CUSIP: 20035AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3394000 | PA      | $3538410.80   | 1.97%             | 2033-03-15      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                          | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    800000 | PA      | $695000.00    | 0.39%             | N/A             | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| CREDIT AGRICOLE SA               | Credit Agricole SA                                       | CUSIP: 225313AD7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    395000 | PA      | $393025.00    | 0.22%             | N/A             | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| WASHINGTON FEDERAL INC           | Washington Federal Inc                                   | CUSIP: 938824307<br>LEI: 0003065617           | Long             | EP               | CORP              | US        |     25000 | NS      | $471500.00    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| AMERICAN INTL GROUP              | American International Group Inc                         | CUSIP: 026874BS5<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2391231.38   | 1.33%             | 2058-05-15      | Fixed         | 8.18%                 | No            | 2                  | On Loan: No      |
| STANDARD CHARTERED PLC           | Standard Chartered PLC                                   | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2420000 | PA      | $2309138.30   | 1.28%             | N/A             | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| STIFEL FINANCIAL CORP            | Stifel Financial Corp                                    | CUSIP: 860630706<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     29000 | NS      | $729350.00    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                       | CUSIP: 29273V605<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    187800 | NS      | $4326912.00   | 2.40%             |  |  |  | No            | 1                  | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                         | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    925000 | PA      | $806484.38    | 0.45%             | N/A             | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| SYNOVUS FINANCIAL CORP           | Synovus Financial Corp                                   | CUSIP: 87161C709<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EP               | CORP              | US        |     91848 | NS      | $2213536.80   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| VISTRA CORP                      | Vistra Corp                                              | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    185000 | PA      | $165715.36    | 0.09%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| TRUIST FINANCIAL CORP            | Truist Financial Corp                                    | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    585000 | PA      | $527085.00    | 0.29%             | N/A             | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                         | CUSIP: 949746RN3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1226750.00   | 0.68%             | N/A             | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| ARBOR REALTY TRUST INC           | Arbor Realty Trust Inc                                   | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     15892 | NS      | $289870.08    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| EDISON INTERNATIONAL             | Edison International                                     | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1733000 | PA      | $1433345.29   | 0.80%             | N/A             | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                       | CoBank ACB                                               | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | USGA              | US        |    609000 | PA      | $586356.35    | 0.33%             | N/A             | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                           | CUSIP: 05565AAN3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   7830000 | PA      | $7776716.85   | 4.32%             | N/A             | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| CARLYLE FINANCE LLC              | Carlyle Finance LLC                                      | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15400 | NS      | $259336.00    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| NORTHPOINTE BANCSHARES I         | Northpointe Bancshares Inc                               | CUSIP: 66661N308<br>LEI: 549300EYMKMD4WKEKP72 | Long             | EP               | CORP              | US        |     67000 | NS      | $1623075.00   | 0.90%             |  |  |  | Yes           | 2                  | On Loan: No      |
| ZIONS BANCORP NA                 | Zions Bancorp NA                                         | CUSIP: 989701BF3<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1827000.00   | 1.01%             | N/A             | Fixed         | 7.20%                 | No            | 2                  | On Loan: No      |
| ANNALY CAPITAL MGMT              | Annaly Capital Management Inc                            | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |      4540 | NS      | $110776.00    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    800000 | PA      | $647600.00    | 0.36%             | N/A             | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| WEBSTER FINANCIAL CORP           | Webster Financial Corp                                   | CUSIP: 947890703<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |     13416 | NS      | $330704.40    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| ING GROEP NV                     | ING Groep NV                                             | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    775000 | PA      | $553873.88    | 0.31%             | N/A             | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| SBL HOLDINGS INC                 | SBL Holdings Inc                                         | CUSIP: 78397DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1067978.72   | 0.59%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| QWEST CORP                       | Qwest Corp                                               | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     41820 | NS      | $842673.00    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| PULTEGROUP INC                   | PulteGroup Inc                                           | CUSIP: 745867AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2378358.68   | 1.32%             | 2032-06-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| METLIFE CAPITAL TRUST IV         | MetLife Capital Trust IV                                 | CUSIP: 591560AA5<br>LEI: 0004254959           | Long             | DBT              | CORP              | US        |    577000 | PA      | $621717.50    | 0.35%             | 2037-12-15      | Fixed         | 7.88%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                      | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    850000 | PA      | $716125.00    | 0.40%             | N/A             | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| SYNCHRONY FINANCIAL              | Synchrony Financial                                      | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     55500 | NS      | $1029525.00   | 0.57%             |  |  |  | No            | 1                  | On Loan: No      |
| VODAFONE GROUP PLC               | Vodafone Group PLC                                       | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $897732.00    | 0.50%             | 2079-04-04      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG         | Banco Bilbao Vizcaya Argentaria SA                       | CUSIP: 05946KAG6<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1000000 | PA      | $948382.25    | 0.53%             | N/A             | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| ALLY FINANCIAL INC               | Ally Financial Inc                                       | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1011225.00   | 0.56%             | N/A             | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                      | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1540000 | PA      | $1584275.00   | 0.88%             | N/A             | Fixed         | 9.38%                 | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                     | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1366625.00   | 0.76%             | N/A             | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                             | CUSIP: 06738EBG9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2285000 | PA      | $2205025.00   | 1.22%             | N/A             | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                         | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |       325 | NS      | $386795.50    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| ARBOR REALTY TRUST INC           | Arbor Realty Trust Inc                                   | CUSIP: 038923850<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     61000 | NS      | $1213900.00   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| METLIFE INC                      | MetLife Inc                                              | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   5335000 | PA      | $6189136.81   | 3.44%             | 2038-04-08      | Fixed         | 9.25%                 | No            | 2                  | On Loan: No      |
| COMPEER FINANCIAL ACA            | Compeer Financial ACA                                    | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |    285000 | PA      | $252581.47    | 0.14%             | N/A             | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| AERCAP HOLDINGS NV               | AerCap Holdings NV                                       | CUSIP: 00774YAA7<br>LEI: 549300SZYINBBLJQU475 | Long             | DBT              | CORP              | NL        |   2530000 | PA      | $2348447.20   | 1.30%             | 2079-10-10      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| METLIFE INC                      | MetLife Inc                                              | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   4130000 | PA      | $5462214.10   | 3.03%             | 2039-08-01      | Fixed         | 10.75%                | No            | 2                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY          | Algonquin Power & Utilities Corp                         | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $657504.00    | 0.37%             | 2082-01-18      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                   | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    125350 | NS      | $2900599.00   | 1.61%             |  |  |  | No            | 1                  | On Loan: No      |
| DCP MIDSTREAM OPERATING          | DCP Midstream Operating LP                               | CUSIP: 23311RAH9<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    750000 | PA      | $735177.92    | 0.41%             | 2043-05-21      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| AMERICAN EXPRESS CO              | American Express Co                                      | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    775000 | PA      | $618062.50    | 0.34%             | N/A             | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                      | CUSIP: 48126HAA8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    750000 | PA      | $744375.00    | 0.41%             | N/A             | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| UNIVERSAL INSURANCE HLDS         | Universal Insurance Holdings Inc                         | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |    500000 | PA      | $441599.56    | 0.25%             | 2026-11-30      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                            | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    600000 | PA      | $502125.00    | 0.28%             | N/A             | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| CENTERPOINT ENERGY INC           | CenterPoint Energy Inc                                   | CUSIP: 15189TAS6<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    900000 | PA      | $851280.82    | 0.47%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| CADENCE BANK                     | Cadence Bank                                             | CUSIP: 12740C202<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EP               | CORP              | US        |     23546 | NS      | $510477.28    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| ALGONQUIN PWR & UTILITY          | Algonquin Power & Utilities Corp                         | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     54010 | NS      | $1214144.80   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| HEARTLAND FINANCIAL USA          | Heartland Financial USA Inc                              | CUSIP: 42234Q201<br>LEI: 549300QF7B0DFZT32C73 | Long             | EP               | CORP              | US        |     42600 | NS      | $1129752.00   | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| TRANSCANADA TRUST                | Transcanada Trust                                        | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   2250000 | PA      | $1926562.50   | 1.07%             | 2079-09-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP             | Bank of America Corp                                     | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2231000.00   | 1.24%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| ZIONS BANCORP NA                 | Zions Bancorp NA                                         | CUSIP: 989701818<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EP               | CORP              | US        |     10900 | NS      | $277078.00    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| CREDIT AGRICOLE SA               | Credit Agricole SA                                       | CUSIP: 225313AP0<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    480000 | PA      | $377269.76    | 0.21%             | N/A             | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| CNO FINANCIAL GROUP INC          | CNO Financial Group Inc                                  | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |     16100 | NS      | $291571.00    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| SCE TRUST II                     | SCE Trust II                                             | CUSIP: 78407R204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       176 | NS      | $3263.04      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| ASSURANT INC                     | Assurant Inc                                             | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |     19300 | NS      | $413985.00    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER         | Enterprise Products Operating LLC                        | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $812353.96    | 0.45%             | 2077-08-16      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| AXA SA                           | AXA SA                                                   | CUSIP: 054536AC1<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |    620000 | PA      | $602848.30    | 0.33%             | N/A             | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| KUVARE US HOLDINGS INC           | Kuvare US Holdings Inc                                   | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1010000.00   | 0.56%             | 2051-02-17      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| TPG RE FINANCE TRUST INC         | TPG RE Finance Trust Inc                                 | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     28200 | NS      | $467835.18    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| NY COMMUNITY BANCORP INC         | New York Community Bancorp Inc                           | CUSIP: 649445202<br>LEI: 529900HVXOTLY61GL030 | Long             | EP               | CORP              | US        |    235200 | NS      | $5644800.00   | 3.14%             |  |  |  | No            | 1                  | On Loan: No      |
| INDIANAPOLIS P&L                 | Indianapolis Power & Light Co                            | CUSIP: 455434878<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | EP               | CORP              | US        |     17800 | NS      | $1802250.00   | 1.00%             |  |  |  | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                     | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    760000 | PA      | $735300.00    | 0.41%             | N/A             | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                             | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $350261.39    | 0.19%             | N/A             | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| QBE INSURANCE GROUP LTD          | QBE Insurance Group Ltd                                  | CUSIP: 74737EAA2<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |   5300000 | PA      | $5293375.00   | 2.94%             | 2043-11-24      | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC         | Prudential Financial Inc                                 | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $983789.59    | 0.55%             | 2052-09-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                               | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     17820 | NS      | $346242.60    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| RAYMOND JAMES FINANCIAL          | Raymond James Financial Inc                              | CUSIP: 754730406<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EP               | CORP              | US        |     21000 | NS      | $523320.00    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| CREDIT SUISSE GROUP AG           | Credit Suisse Group AG                                   | CUSIP: 225401AL2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1500000 | PA      | $963450.00    | 0.54%             | N/A             | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                            | CUSIP: 172967341<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    227619 | NS      | $5697303.57   | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| FT REAL ESTATE SECS CO           | FT Real Estate Securities Co Inc                         | CUSIP: 302663208<br>LEI: 0002671824           | Long             | EP               | CORP              | US        |         3 | NS      | $3921000.00   | 2.18%             |  |  |  | No            | 2                  | On Loan: No      |
| DIME COMMUNITY BANCSHARE         | Dime Community Bancshares Inc                            | CUSIP: 25432X201<br>LEI: 0002487650           | Long             | EP               | CORP              | US        |     39000 | NS      | $812760.00    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                             | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1068603.70   | 0.59%             | N/A             | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| FULTON FINANCIAL CORP            | Fulton Financial Corp                                    | CUSIP: 360271308<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EP               | CORP              | US        |     11400 | NS      | $235296.00    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                | CUSIP: 05971PAB4<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |   1077000 | PA      | $944949.03    | 0.52%             | N/A             | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| BANCO SANTANDER SA               | Banco Santander SA                                       | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6200000 | PA      | $4823768.58   | 2.68%             | N/A             | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| LIBERTY MUTUAL INSURANCE         | Liberty Mutual Insurance Co                              | CUSIP: 53079QAD9<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3331988.43   | 1.85%             | 2097-10-15      | Fixed         | 7.70%                 | No            | 2                  | On Loan: No      |
| FIFTH THIRD BANCORP              | Fifth Third Bancorp                                      | CUSIP: 316773605<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    169409 | NS      | $4347034.94   | 2.41%             |  |  |  | No            | 1                  | On Loan: No      |
| LLOYDS BANKING GROUP PLC         | Lloyds Banking Group PLC                                 | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2750000 | PA      | $2648153.81   | 1.47%             | N/A             | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| LINCOLN NATIONAL CORP            | Lincoln National Corp                                    | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    530000 | PA      | $557825.00    | 0.31%             | N/A             | Fixed         | 9.25%                 | No            | 2                  | On Loan: No      |
| ENSTAR FINANCE LLC               | Enstar Finance LLC                                       | CUSIP: 29360AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    575000 | PA      | $520652.21    | 0.29%             | 2040-09-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| ASPEN INSURANCE HLDG LTD         | Aspen Insurance Holdings Ltd                             | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     25000 | NS      | $497500.00    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                             | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1373309.51   | 0.76%             | 2077-01-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| GENERAL MOTORS FINL CO           | General Motors Financial Co Inc                          | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    610000 | PA      | $518359.70    | 0.29%             | N/A             | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                         | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     41000 | NS      | $763010.00    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                        | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $443850.00    | 0.25%             | N/A             | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                      | CUSIP: 46625HJQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4791000 | PA      | $4753442.82   | 2.64%             | N/A             | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| BBVA BANCOMER SA TEXAS           | BBVA Bancomer SA/Texas                                   | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    670000 | PA      | $592594.90    | 0.33%             | 2034-09-13      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| TEXAS CAPITAL BANCSHARES         | Texas Capital Bancshares Inc                             | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |     35900 | NS      | $737745.00    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| STANDARD CHARTERED PLC           | Standard Chartered PLC                                   | CUSIP: 853254BX7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $327191.98    | 0.18%             | N/A             | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| FIRST REPUBLIC BANK              | First Republic Bank/CA                                   | CUSIP: 33616C720<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     22000 | NS      | $370480.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| TRUIST FINANCIAL CORP            | Truist Financial Corp                                    | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    870000 | PA      | $841725.00    | 0.47%             | N/A             | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| ALLY FINANCIAL INC               | ALLY FINANCIAL INC                                       | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    925000 | PA      | $618338.74    | 0.34%             | N/A             | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| SIGNATURE BANK NEW YORK          | Signature Bank/New York NY                               | CUSIP: 82669G203<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EP               | CORP              | US        |     63000 | NS      | $1093050.00   | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| LIBERTY MUTUAL GROUP INC         | Liberty Mutual Group Inc                                 | CUSIP: 53079EAN4<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   6351000 | PA      | $6961267.72   | 3.87%             | 2037-03-15      | Fixed         | 7.80%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                         | CUSIP: 949746465<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    106200 | NS      | $2701728.00   | 1.50%             |  |  |  | No            | 1                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                              | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    830000 | PA      | $802896.99    | 0.45%             | N/A             | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| ACE CAPITAL TRUST II             | ACE Capital Trust II                                     | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1782830.64   | 0.99%             | 2030-04-01      | Fixed         | 9.70%                 | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL             | Edison International                                     | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    560000 | PA      | $477114.40    | 0.27%             | N/A             | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| KEYCORP                          | KeyCorp                                                  | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     78103 | NS      | $1939297.49   | 1.08%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                            | CUSIP: 172967MK4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    450000 | PA      | $380416.50    | 0.21%             | N/A             | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                       | CUSIP: 29273V506<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |      2100 | NS      | $48888.00     | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| SOUTHERN CAL EDISON              | Southern California Edison Co                            | CUSIP: 842400FU2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    840000 | PA      | $826574.20    | 0.46%             | N/A             | Floating      | 8.64%                 | No            | 2                  | On Loan: No      |
| TRANSCANADA TRUST                | Transcanada Trust                                        | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $282334.37    | 0.16%             | 2076-08-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                           | CUSIP: 05565AGF4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    560000 | PA      | $519071.32    | 0.29%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CO         | Capital One Financial Corp                               | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $911550.00    | 0.51%             | N/A             | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                           | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    475000 | PA      | $362187.50    | 0.20%             | N/A             | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                            | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    300000 | PA      | $260686.91    | 0.14%             | N/A             | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                             | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    675000 | PA      | $502031.25    | 0.28%             | N/A             | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| PROVIDENT FINANCING TR I         | Provident Financing Trust I                              | CUSIP: 743863AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5803000 | PA      | $6059811.77   | 3.37%             | 2038-03-15      | Fixed         | 7.41%                 | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                              | CUSIP: 38148B108<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     11687 | NS      | $297083.54    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| APOLLO MANAGEMENT HOLDIN         | Apollo Management Holdings LP                            | CUSIP: 03765HAE1<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |    440000 | PA      | $373121.29    | 0.21%             | 2050-01-14      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| RENAISSANCERE HOLDINGS L         | RenaissanceRe Holdings Ltd                               | CUSIP: 75968N309<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |     10400 | NS      | $235144.00    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                       | CUSIP: 29273V407<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    106314 | NS      | $2457979.68   | 1.37%             |  |  |  | No            | 1                  | On Loan: No      |
| SEMPRA ENERGY                    | Sempra Energy                                            | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1302000.00   | 0.72%             | N/A             | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| WINTRUST FINANCIAL CORP          | Wintrust Financial Corp                                  | CUSIP: 97650W504<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |     48000 | NS      | $1209600.00   | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                       | CUSIP: 29273RBC2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    940000 | PA      | $1070264.54   | 0.59%             | 2029-11-15      | Fixed         | 8.25%                 | No            | 2                  | On Loan: No      |
| PNC FINANCIAL SERVICES           | PNC Financial Services Group Inc/The                     | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    400000 | PA      | $308801.32    | 0.17%             | N/A             | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| ENSTAR FINANCE LLC               | Enstar Finance LLC                                       | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $581727.60    | 0.32%             | 2042-01-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| BlackRock Liquidity Funds T-Fund | BlackRock Liquidity Funds T-Fund                         | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   4148812 | NS      | $4148812.50   | 2.30%             |  |  |  | No            | 1                  | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                       | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |     28800 | NS      | $530208.00    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| DCP MIDSTREAM LP                 | DCP Midstream LP                                         | CUSIP: 23311P209<br>LEI: 52990024YYS3MLGW0E91 | Long             | EP               | CORP              | US        |      5200 | NS      | $129740.00    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| AMER AGCREDIT ACA                | American AgCredit Corp                                   | CUSIP: 02369GAA3<br>LEI: 0002558989           | Long             | DBT              | CORP              | US        |    675000 | PA      | $576281.25    | 0.32%             | N/A             | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| FIFTH THIRD BANCORP              | Fifth Third Bancorp                                      | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     67291 | NS      | $1559132.47   | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| HSBC HOLDINGS PLC                | HSBC Holdings PLC                                        | CUSIP: 404280BP3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   4265000 | PA      | $3791883.55   | 2.11%             | N/A             | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                         | CUSIP: 949746556<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     81100 | NS      | $1883142.00   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| EVEREST REINSURANCE HLDG         | Everest Reinsurance Holdings Inc                         | CUSIP: 299808AE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1519000 | PA      | $1296471.16   | 0.72%             | 2037-05-15      | Floating      | 6.99%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                             | CUSIP: 06738EBA2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1310000 | PA      | $1260875.00   | 0.70%             | N/A             | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| LINCOLN NATIONAL CORP            | Lincoln National Corp                                    | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |     21200 | NS      | $561164.00    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                            | CUSIP: 172967358<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    151138 | NS      | $3829836.92   | 2.13%             |  |  |  | No            | 1                  | On Loan: No      |
| NUSTAR LOGISTICS LP              | NuStar Logistics LP                                      | CUSIP: 67059T204<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | EP               | CORP              | US        |     45500 | NS      | $1143870.00   | 0.64%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                           | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    213700 | NS      | $5088197.00   | 2.83%             |  |  |  | No            | 1                  | On Loan: No      |
| BNP PARIBAS                      | BNP Paribas SA                                           | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    970000 | PA      | $953025.00    | 0.53%             | N/A             | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| KKR REAL ESTATE FIN              | KKR Real Estate Finance Trust Inc                        | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |     95536 | NS      | $1695764.00   | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| CREDIT SUISSE GROUP AG           | Credit Suisse Group AG                                   | CUSIP: 225401AK4<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $672450.00    | 0.37%             | N/A             | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| FIRST CITIZENS BANCSHARE         | First Citizens BancShares Inc/NC                         | CUSIP: 319626305<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |     19620 | NS      | $392203.80    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| DEUTSCHE BANK AG                 | Deutsche Bank AG                                         | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $342603.41    | 0.19%             | N/A             | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| CREDIT SUISSE GROUP AG           | Credit Suisse Group AG                                   | CUSIP: 225401AJ7<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   1100000 | PA      | $855030.00    | 0.47%             | N/A             | Fixed         | 7.50%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO & COMPANY            | Wells Fargo & Co                                         | CUSIP: 95002Y400<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     53000 | NS      | $899940.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG         | Banco Bilbao Vizcaya Argentaria SA                       | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   3000000 | PA      | $2484989.55   | 1.38%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| DCP MIDSTREAM LP                 | DCP Midstream LP                                         | CUSIP: 23311PAA8<br>LEI: 52990024YYS3MLGW0E91 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1554185.00   | 0.86%             | N/A             | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| EQUITABLE HOLDINGS INC           | Equitable Holdings Inc                                   | CUSIP: 29452EAA9<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142110.00    | 0.08%             | N/A             | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| SOUTHERN CO                      | Southern Co/The                                          | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    832000 | PA      | $669468.80    | 0.37%             | 2051-09-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| HSBC CAPITAL FUNDING USD         | HSBC Capital Funding Dollar 1 LP                         | CUSIP: 40427LAB0<br>LEI: 213800HMY2DB765NHE46 | Long             | DBT              | CORP              | JE        |   1400000 | PA      | $1694126.92   | 0.94%             | N/A             | Fixed         | 10.18%                | No            | 2                  | On Loan: No      |
| SEMPRA ENERGY                    | Sempra Energy                                            | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $779344.40    | 0.43%             | 2052-04-01      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC              | Dominion Energy Inc                                      | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    650000 | PA      | $547625.00    | 0.30%             | N/A             | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| BANCO MERCANTIL DE NORTE         | Banco Mercantil del Norte SA/Grand Cayman                | CUSIP: 05962GAJ8<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    710000 | PA      | $642415.87    | 0.36%             | N/A             | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| NATWEST GROUP PLC                | NatWest Group PLC                                        | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    425000 | PA      | $299021.79    | 0.17%             | N/A             | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| STANDARD CHARTERED PLC           | Standard Chartered PLC                                   | CUSIP: 853254BH2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1489792.43   | 0.83%             | N/A             | Fixed         | 7.75%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                             | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    485000 | PA      | $458325.00    | 0.25%             | N/A             | Fixed         | 8.00%                 | No            | 2                  | On Loan: No      |
| COBANK ACB                       | CoBank ACB                                               | CUSIP: 19075Q862<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | USGA              | US        |     17500 | NS      | $1732500.00   | 0.96%             |  |  |  | No            | 2                  | On Loan: No      |
| LAND O'LAKES INC                 | Land O' Lakes Inc                                        | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1379369.37   | 0.77%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                           | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     35823 | NS      | $914919.42    | 0.51%             |  |  |  | No            | 1                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP         | Citizens Financial Group Inc                             | CUSIP: 174610AQ8<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1205750.00   | 0.67%             | N/A             | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| COMERICA INC                     | Comerica Inc                                             | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1119065.00   | 0.62%             | N/A             | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| GOLDMAN SACHS GROUP INC          | Goldman Sachs Group Inc/The                              | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    300000 | PA      | $272142.65    | 0.15%             | N/A             | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                            | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    450000 | PA      | $364500.00    | 0.20%             | N/A             | Fixed         | 4.15%                 | No            | 2                  | On Loan: No      |
| LAND O'LAKES INC                 | Land O' Lakes Inc                                        | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   4350000 | PA      | $4032096.43   | 2.24%             | N/A             | Fixed         | 7.25%                 | No            | 2                  | On Loan: No      |
| AMERICAN EQUITY INVESTME         | American Equity Investment Life Holding Co               | CUSIP: 025676503<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |     67000 | NS      | $1455240.00   | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| BRITISH TELECOMMUNICATIO         | British Telecommunications PLC                           | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    900000 | PA      | $728124.75    | 0.40%             | 2081-11-23      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| VOYA FINANCIAL INC               | Voya Financial Inc                                       | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |     33000 | NS      | $723360.00    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                             | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    850000 | PA      | $716324.31    | 0.40%             | N/A             | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                           | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     89000 | NS      | $2257930.00   | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| ENSTAR GROUP LTD                 | Enstar Group Ltd                                         | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |     61000 | NS      | $1411540.00   | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |
| NEW YORK MORTGAGE TRUST          | New York Mortgage Trust Inc                              | CUSIP: 649604865<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     30000 | NS      | $553500.00    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                             | CUSIP: 446150AV6<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    405000 | PA      | $359460.41    | 0.20%             | N/A             | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| QWEST CORP                       | Qwest Corp                                               | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |     29941 | NS      | $566483.72    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| AXIS SPECIALTY FINANCE           | AXIS Specialty Finance LLC                               | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    880000 | PA      | $723298.40    | 0.40%             | 2040-01-15      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| ATHENE HOLDING LTD               | Athene Holding Ltd                                       | CUSIP: 000000000<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |    120000 | NS      | $2954400.00   | 1.64%             |  |  |  | No            | 1                  | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                            | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     23066 | NS      | $527980.74    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| GLOBAL ATLANTIC                  | Global Atlantic Fin Co                                   | CUSIP: 37959GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1178179.89   | 0.65%             | 2051-10-15      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| EMERA INC                        | Emera Inc                                                | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2940000 | PA      | $2793000.00   | 1.55%             | 2076-06-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| QBE INSURANCE GROUP LTD          | QBE Insurance Group Ltd                                  | CUSIP: 74728GAE0<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |    675000 | PA      | $620960.12    | 0.34%             | N/A             | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| LEHMAN BROS HLDG-ESCROW          | LEHMAN BROS HLDG-ESCROW                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     20000 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| JPMORGAN CHASE & CO              | JPMorgan Chase & Co                                      | CUSIP: 48128BAF8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    465000 | PA      | $430629.53    | 0.24%             | N/A             | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| REGIONS FINANCIAL CORP           | Regions Financial Corp                                   | CUSIP: 7591EPAR1<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63169.05     | 0.04%             | N/A             | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| WESBANCO INC                     | WesBanco Inc                                             | CUSIP: 950810705<br>LEI: 0001070448           | Long             | EP               | CORP              | US        |     49000 | NS      | $1230390.00   | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| MERCHANTS BANCORP                | Merchants Bancorp/IN                                     | CUSIP: 58844R603<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |     21000 | NS      | $458010.00    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| CREDIT SUISSE GROUP AG           | Credit Suisse Group AG                                   | CUSIP: 225401AN8<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    280000 | PA      | $139300.00    | 0.08%             | N/A             | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| BARCLAYS PLC                     | Barclays PLC                                             | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1720000 | PA      | $1554278.00   | 0.86%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                            | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    725000 | PA      | $556727.50    | 0.31%             | N/A             | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| ENBRIDGE INC                     | Enbridge Inc                                             | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    380000 | PA      | $338853.75    | 0.19%             | 2080-07-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| KEYCORP                          | KeyCorp                                                  | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |     36400 | NS      | $903084.00    | 0.50%             |  |  |  | No            | 1                  | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                                             | CUSIP: 90352JAF0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2500000 | PA      | $2468750.00   | 1.37%             | N/A             | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP               | Energy Transfer LP                                       | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2071000 | PA      | $1744817.50   | 0.97%             | N/A             | Fixed         | 7.12%                 | No            | 2                  | On Loan: No      |
| MPLX LP                          | MPLX LP                                                  | CUSIP: 55336VAU4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2105541.60   | 1.17%             | N/A             | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| NISOURCE INC                     | NiSource Inc                                             | CUSIP: 65473PAG0<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    440000 | PA      | $411400.00    | 0.23%             | N/A             | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| FIRST HORIZON CORP               | First Horizon Corp                                       | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |     21200 | NS      | $527032.00    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| LIBERTY MUTUAL GROUP INC         | Liberty Mutual Group Inc                                 | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    940000 | PA      | $743495.08    | 0.41%             | 2051-12-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| SVB FINANCIAL GROUP              | SVB Financial Group                                      | CUSIP: 78486QAG6<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |    400000 | PA      | $229762.43    | 0.13%             | N/A             | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| SCE TRUST V                      | SCE Trust V                                              | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     44140 | NS      | $871765.00    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                      | CUSIP: 83367TBU2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   6000000 | PA      | $5240220.00   | 2.91%             | N/A             | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| REINSURANCE GRP OF AMER          | Reinsurance Group of America Inc                         | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     61000 | NS      | $1599420.00   | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| MACQUARIE BANK LONDON            | Macquarie Bank Ltd/London                                | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | DBT              | CORP              | AU        |    730000 | PA      | $616706.33    | 0.34%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                      | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $787600.00    | 0.44%             | N/A             | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| STIFEL FINANCIAL CORP            | Stifel Financial Corp                                    | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     21000 | NS      | $376740.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| CONNECTONE BANCORP INC           | ConnectOne Bancorp Inc                                   | CUSIP: 20786W503<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EP               | CORP              | US        |     47900 | NS      | $1036077.00   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| M&T BANK CORPORATION             | M&T Bank Corp                                            | CUSIP: 55261FAG9<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3445487.50   | 1.91%             | N/A             | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| BANK OF AMERICA CORP             | Bank of America Corp                                     | CUSIP: 060505FL3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1990000 | PA      | $1778562.50   | 0.99%             | N/A             | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| DISCOVER FINANCIAL SVS           | Discover Financial Services                              | CUSIP: 254709AQ1<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    880000 | PA      | $861520.00    | 0.48%             | N/A             | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| WESTERN ALLIANCE BANCORP         | Western Alliance Bancorp                                 | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |     25300 | NS      | $541420.00    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| VALLEY NATIONAL BANCORP          | Valley National Bancorp                                  | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |     38203 | NS      | $977232.74    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| MORGAN STANLEY                   | Morgan Stanley                                           | CUSIP: 61745VAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    540000 | PA      | $527536.01    | 0.29%             | N/A             | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| CITIZENS FINANCIAL GROUP         | Citizens Financial Group Inc                             | CUSIP: 174610204<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     49100 | NS      | $1238793.00   | 0.69%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRST HORIZON BANK               | First Horizon Bank                                       | CUSIP: 337158208<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | EP               | CORP              | US        |       875 | NS      | $770000.00    | 0.43%             |  |  |  | No            | 2                  | On Loan: No      |
| SOCIETE GENERALE                 | Societe Generale SA                                      | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $835120.00    | 0.46%             | N/A             | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| SVB FINANCIAL GROUP              | SVB Financial Group                                      | CUSIP: 78486QAJ0<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |    825000 | PA      | $540911.25    | 0.30%             | N/A             | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| SBL HOLDINGS INC                 | SBL Holdings Inc                                         | CUSIP: 78397DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1143750.00   | 0.64%             | N/A             | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| CITIGROUP INC                    | Citigroup Inc                                            | CUSIP: 172967JM4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1045569.66   | 0.58%             | N/A             | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| NISOURCE INC                     | NiSource Inc                                             | CUSIP: 65473P881<br>LEI: 549300D8GOWWH0SJB189 | Long             | EP               | CORP              | US        |     40000 | NS      | $980800.00    | 0.54%             |  |  |  | No            | 1                  | On Loan: No      |
| PARAMOUNT GLOBAL                 | Paramount Global                                         | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1540848.57   | 0.86%             | 2062-03-30      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| HUNTINGTON BANCSHARES            | Huntington Bancshares Inc/OH                             | CUSIP: 446150AL8<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1298500.00   | 0.72%             | N/A             | Fixed         | 5.70%                 | No            | 2                  | On Loan: No      |
| AUST & NZ BANKING GRP/UK         | Australia & New Zealand Banking Group Ltd/United Kingdom | CUSIP: 05254HAA2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   2550000 | PA      | $2527557.68   | 1.40%             | N/A             | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-19

**Name of Applicant:** Flaherty & Crumrine Total Return Fund Inc

**Signature:** Bradford Stone

**Name of Signer:** Bradford Stone

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