# EDGAR Filing Document

**Accession Number:** 0001567569
**File Stem:** 0001145549-23-017791
**Filing Date:** 2023-3
**Character Count:** 157850
**Document Hash:** f3520a657828e63e230a78f693e2d0fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017791.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017791

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** First Trust Intermediate Duration Preferred & Income Fund
- **CENTRAL INDEX KEY:** 0001567569
- **IRS NUMBER:** 320405071
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22795
- **FILM NUMBER:** 23755622

**BUSINESS ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187
- **BUSINESS PHONE:** 630-765-8000

**MAIL ADDRESS:**
- **STREET 1:** 120 EAST LIBERTY DRIVE, SUITE 400
- **CITY:** WHEATON
- **STATE:** IL
- **ZIP:** 60187

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Intermediate Duration Preferred & Income Trust
- **DATE OF NAME CHANGE:** 20130130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First Trust Ltd Duration Preferred & Income Trust
- **DATE OF NAME CHANGE:** 20130122

## Nport-Ex

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments

#### January 31, 2023 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **$25 PAR PREFERRED SECURITIES – 24.9%** | **$25 PAR PREFERRED SECURITIES – 24.9%** | **$25 PAR PREFERRED SECURITIES – 24.9%** | **$25 PAR PREFERRED SECURITIES – 24.9%** | **$25 PAR PREFERRED SECURITIES – 24.9%** |
|  | **Automobiles – 0.4%** |  |  |  |
| 183711 | Ford Motor Co. (a) (b)<br>| 6.50% | 08/15/62 | &nbsp;&nbsp;&nbsp;&nbsp;$4477037 |
|  | **Banks – 4.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;3007 | Atlantic Union Bankshares Corp., Series A<br>| 6.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77130 |
| 231902 | Bank of America Corp., Series KK (b)<br>| 5.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5598114 |
| &nbsp;&nbsp;49151 | Bank of America Corp., Series SS (b)<br>| 4.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1069034 |
| &nbsp;&nbsp;37953 | Citizens Financial Group, Inc., Series D (b) (d)<br>| 6.35% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;966663 |
| &nbsp;&nbsp;&nbsp;2028 | Citizens Financial Group, Inc., Series E<br>| 5.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44920 |
| &nbsp;&nbsp;40000 | Fifth Third Bancorp, Series A (b)<br>| 6.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;808 | JPMorgan Chase & Co., Series JJ<br>| 4.55% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17130 |
| 148938 | JPMorgan Chase & Co., Series LL (b)<br>| 4.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3200678 |
| 166790 | KeyCorp (b) (d)<br>| 6.20% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4274828 |
| &nbsp;&nbsp;15498 | Old National Bancorp, Series A (b)<br>| 7.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400313 |
| 192003 | PacWest Bancorp, Series A (b) (d)<br>| 7.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4969038 |
| 270910 | Pinnacle Financial Partners, Inc., Series B (b)<br>| 6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6951551 |
| 601268 | Signature Bank, Series A (e)<br>| 5.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;11400041 |
| &nbsp;&nbsp;52897 | Wells Fargo & Co., Series AA (b)<br>| 4.70% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1141517 |
| 102268 | Wells Fargo & Co., Series Q (b) (d)<br>| 5.85% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2497384 |
| &nbsp;&nbsp;30321 | Wells Fargo & Co., Series Z<br>| 4.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;643715 |
| 153754 | WesBanco, Inc., Series A (b) (d)<br>| 6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3889976 |
| &nbsp;&nbsp;56662 | Western Alliance Bancorp, Series A (b) (d)<br>| 4.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1216533 |
| 179723 | Wintrust Financial Corp., Series E (b) (d)<br>| 6.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4681784 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54039949 |
|  | **Capital Markets – 1.6%** |  |  |  |
| &nbsp;&nbsp;29434 | Affiliated Managers Group, Inc.<br>| 4.75% | 09/30/60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588680 |
| 173946 | Affiliated Managers Group, Inc.<br>| 4.20% | 09/30/61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3094499 |
| 476991 | Carlyle Finance LLC<br>| 4.63% | 05/15/61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9196387 |
| 269834 | KKR Group Finance Co., IX LLC<br>| 4.63% | 04/01/61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5334618 |
| &nbsp;&nbsp;47550 | Morgan Stanley, Series P (b)<br>| 6.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1238202 |
| &nbsp;&nbsp;&nbsp;6178 | Oaktree Capital Group LLC, Series A<br>| 6.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147716 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19600102 |
|  | **Consumer Finance – 0.2%** |  |  |  |
| &nbsp;&nbsp;&nbsp;5726 | Capital One Financial Corp., Series I<br>| 5.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125342 |
| 121459 | Capital One Financial Corp., Series J (b)<br>| 4.80% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2526347 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2651689 |
|  | **Diversified Financial Services – 1.2%** |  |  |  |
| 176854 | Apollo Asset Management, Inc., Series B (b)<br>| 6.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4483249 |
| 480278 | Equitable Holdings, Inc., Series A (b)<br>| 5.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;10863888 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15347137 |
|  | **Diversified Telecommunication Services – 0.5%** |  |  |  |
| 172303 | AT&T, Inc., Series C (b)<br>| 4.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3614917 |
| 136219 | Qwest Corp. (b)<br>| 6.50% | 09/01/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2806111 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6421028 |
|  | **Electric Utilities – 1.1%** |  |  |  |
| 245850 | Brookfield BRP Holdings Canada, Inc.<br>| 4.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4368754 |
| 195763 | Brookfield Infrastructure Finance ULC<br>| 5.00% | 05/24/81 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3942667 |
| 120245 | SCE Trust IV, Series J (b) (d)<br>| 5.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2416925 |
| &nbsp;&nbsp;81831 | SCE Trust V, Series K (b) (d)<br>| 5.45% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1819103 |
| &nbsp;&nbsp;57179 | Southern (The) Co., Series 2020 (a) (b)<br>| 4.95% | 01/30/80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1289958 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13837407 |

---

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** |
|  | **Equity Real Estate Investment Trusts – 0.3%** |  |  |  |
| 168343 | Global Net Lease, Inc., Series A (a)<br>| &nbsp;&nbsp;&nbsp;7.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;$4023398 |
| &nbsp;&nbsp;17466 | National Storage Affiliates Trust, Series A<br>| &nbsp;&nbsp;&nbsp;6.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438222 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4461620 |
|  | **Food Products – 0.6%** |  |  |  |
| 307925 | CHS, Inc., Series 3 (b) (d)<br>| &nbsp;&nbsp;&nbsp;6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7796661 |
|  | **Gas Utilities – 0.2%** |  |  |  |
| 197017 | South Jersey Industries, Inc.<br>| &nbsp;&nbsp;&nbsp;5.63% | 09/16/79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3110898 |
|  | **Independent Power & Renewable Electricity Producers – 0.3%** |  |  |  |
| 161321 | Brookfield Renewable Partners L.P., Series 17 (b)<br>| &nbsp;&nbsp;&nbsp;5.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3386128 |
|  | **Insurance – 8.6%** |  |  |  |
| 467479 | Aegon Funding Co., LLC (b)<br>| &nbsp;&nbsp;&nbsp;5.10% | 12/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;10588399 |
| 501485 | American Equity Investment Life Holding Co., Series A (b) (d)<br>| &nbsp;&nbsp;&nbsp;5.95% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;12045670 |
| 247889 | American Equity Investment Life Holding Co., Series B (b) (d)<br>| &nbsp;&nbsp;&nbsp;6.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6373226 |
| 193648 | AmTrust Financial Services, Inc.<br>| &nbsp;&nbsp;&nbsp;7.25% | 06/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3475982 |
| 210480 | AmTrust Financial Services, Inc.<br>| &nbsp;&nbsp;&nbsp;7.50% | 09/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3623413 |
| 192000 | Arch Capital Group Ltd., Series G (b)<br>| &nbsp;&nbsp;&nbsp;4.55% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3838080 |
| &nbsp;&nbsp;66549 | Aspen Insurance Holdings Ltd. (a) (b)<br>| &nbsp;&nbsp;&nbsp;5.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1472064 |
| 346650 | Aspen Insurance Holdings Ltd.<br>| &nbsp;&nbsp;&nbsp;5.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7647099 |
| &nbsp;&nbsp;21147 | Aspen Insurance Holdings Ltd. (d)<br>| &nbsp;&nbsp;&nbsp;5.95% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522542 |
| &nbsp;&nbsp;43928 | Athene Holding Ltd., Series A (b) (d)<br>| &nbsp;&nbsp;&nbsp;6.35% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1118846 |
| &nbsp;&nbsp;62748 | Athene Holding Ltd., Series D<br>| &nbsp;&nbsp;&nbsp;4.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1255587 |
| 590886 | Athene Holding Ltd., Series E (b) (d)<br>| &nbsp;&nbsp;&nbsp;7.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;15593482 |
| 133393 | CNO Financial Group, Inc.<br>| &nbsp;&nbsp;&nbsp;5.13% | 11/25/60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2425085 |
| 584250 | Delphi Financial Group, Inc., 3 Mo. LIBOR + 3.19% (a) (f)<br>| &nbsp;&nbsp;&nbsp;7.80% | 05/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;13364719 |
| 375307 | Lincoln National Corp., Series D (b) (d)<br>| &nbsp;&nbsp;&nbsp;9.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;10790076 |
| 193528 | Phoenix Cos. (The), Inc.<br>| &nbsp;&nbsp;&nbsp;7.45% | 01/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3476247 |
| 282237 | Prudential Financial, Inc. (a)<br>| &nbsp;&nbsp;&nbsp;5.95% | 09/01/62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7197044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | Reinsurance Group of America, Inc. (d)<br>| &nbsp;&nbsp;&nbsp;7.13% | 10/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53 |
| 126288 | RenaissanceRe Holdings Ltd., Series G<br>| &nbsp;&nbsp;&nbsp;4.20% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2295916 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;107103530 |
|  | **Mortgage Real Estate Investment Trusts – 0.1%** |  |  |  |
| &nbsp;&nbsp;52941 | AGNC Investment Corp., Series F (a) (d)<br>| &nbsp;&nbsp;&nbsp;6.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1143526 |
|  | **Multi-Utilities – 1.7%** |  |  |  |
| &nbsp;&nbsp;60984 | Algonquin Power & Utilities Corp., Series 19-A (b) (d)<br>| &nbsp;&nbsp;&nbsp;6.20% | 07/01/79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1414829 |
| &nbsp;&nbsp;84780 | Brookfield Infrastructure Partners L.P., Series 13<br>| &nbsp;&nbsp;&nbsp;5.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1708317 |
| &nbsp;&nbsp;15000 | DTE Energy Co., Series E (a)<br>| &nbsp;&nbsp;&nbsp;5.25% | 12/01/77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372000 |
| 670375 | Integrys Holding, Inc. (a) (d)<br>| &nbsp;&nbsp;&nbsp;6.00% | 08/01/73 | &nbsp;&nbsp;&nbsp;&nbsp;16491225 |
| &nbsp;&nbsp;38067 | Sempra Energy (b)<br>| &nbsp;&nbsp;&nbsp;5.75% | 07/01/79 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939493 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20925864 |
|  | **Oil, Gas & Consumable Fuels – 1.6%** |  |  |  |
| &nbsp;&nbsp;35235 | Energy Transfer L.P., Series C (b) (d)<br>| &nbsp;&nbsp;&nbsp;7.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840355 |
| &nbsp;&nbsp;&nbsp;1879 | Energy Transfer L.P., Series D (d)<br>| &nbsp;&nbsp;&nbsp;7.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45453 |
| 550446 | Energy Transfer L.P., Series E (b) (d)<br>| &nbsp;&nbsp;&nbsp;7.60% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;13210704 |
| 216564 | NuStar Energy L.P., Series A, 3 Mo. LIBOR + 6.77% (b) (f)<br>| 11.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5418431 |
| &nbsp;&nbsp;&nbsp;9238 | NuStar Logistics L.P., 3 Mo. LIBOR + 6.73% (f)<br>| 11.53% | 01/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231597 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19746540 |
|  | **Real Estate Management & Development – 1.7%** |  |  |  |
| 307185 | Brookfield Property Partners L.P., Series A<br>| &nbsp;&nbsp;&nbsp;5.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5603054 |
| 388145 | Brookfield Property Partners L.P., Series A2<br>| &nbsp;&nbsp;&nbsp;6.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7712441 |

---

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Shares** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** | **$25 PAR PREFERRED SECURITIES (Continued)** |
|  | **Real Estate Management & Development (Continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398983 | Brookfield Property Preferred L.P.<br>| 6.25% | 07/26/81 | &nbsp;&nbsp;&nbsp;&nbsp;$7592647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23528 | DigitalBridge Group, Inc., Series I (b)<br>| 7.15% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1939 | DigitalBridge Group, Inc., Series J<br>| 7.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43143 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21480900 |
|  | **Wireless Telecommunication Services – 0.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75137 | United States Cellular Corp.<br>| 6.25% | 09/01/69 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1486210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253239 | United States Cellular Corp.<br>| 5.50% | 06/01/70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4738102 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6224312 |
|  | **Total $25 Par Preferred Securities<br>** | **Total $25 Par Preferred Securities<br>** | **Total $25 Par Preferred Securities<br>** | &nbsp;&nbsp;&nbsp;&nbsp;311754328 |
|  | (Cost $335,243,217) |  |  |  |
| **$100 PAR PREFERRED SECURITIES – 0.9%** | **$100 PAR PREFERRED SECURITIES – 0.9%** | **$100 PAR PREFERRED SECURITIES – 0.9%** | **$100 PAR PREFERRED SECURITIES – 0.9%** | **$100 PAR PREFERRED SECURITIES – 0.9%** |
|  | **Banks – 0.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54250 | CoBank ACB, Series H (b) (d)<br>| 6.20% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5384313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52000 | Farm Credit Bank of Texas (d) (g)<br>| 6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5203250 |
|  | **Total $100 Par Preferred Securities<br>** | **Total $100 Par Preferred Securities<br>** | **Total $100 Par Preferred Securities<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10587563 |
|  | (Cost $10,672,750) |  |  |  |
| **$1,000 PAR PREFERRED SECURITIES – 4.1%** | **$1,000 PAR PREFERRED SECURITIES – 4.1%** | **$1,000 PAR PREFERRED SECURITIES – 4.1%** | **$1,000 PAR PREFERRED SECURITIES – 4.1%** | **$1,000 PAR PREFERRED SECURITIES – 4.1%** |
|  | **Banks – 3.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6893 | Bank of America Corp., Series L<br>| 7.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8576270 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24423 | Wells Fargo & Co., Series L<br>| 7.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;30723890 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39300160 |
|  | **Diversified Financial Services – 1.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12000 | Compeer Financial ACA (d) (g)<br>| 6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;11922312 |
|  | **Total $1,000 Par Preferred Securities<br>** | **Total $1,000 Par Preferred Securities<br>** | **Total $1,000 Par Preferred Securities<br>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51222472 |
|  | (Cost $54,542,521) |  |  |  |
| **$1,000,000 PAR PREFERRED SECURITIES – 1.1%** | **$1,000,000 PAR PREFERRED SECURITIES – 1.1%** | **$1,000,000 PAR PREFERRED SECURITIES – 1.1%** | **$1,000,000 PAR PREFERRED SECURITIES – 1.1%** | **$1,000,000 PAR PREFERRED SECURITIES – 1.1%** |
|  | **Mortgage Real Estate Investment Trusts – 1.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 | FT Real Estate Securities Co., Inc. (h) (i) (j)<br>| 9.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;14016000 |
|  | (Cost $15,990,000) |  |  |  |
| **Par<br> Amount** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **CAPITAL PREFERRED SECURITIES – 112.8%** | **CAPITAL PREFERRED SECURITIES – 112.8%** | **CAPITAL PREFERRED SECURITIES – 112.8%** | **CAPITAL PREFERRED SECURITIES – 112.8%** | **CAPITAL PREFERRED SECURITIES – 112.8%** |
|  | **Banks – 53.0%** |  |  |  |
| $12935000 | Australia & New Zealand Banking Group Ltd. (b) (d) (g) (k)<br>| 6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;13055748 |
| &nbsp;&nbsp;&nbsp;&nbsp;8800000 | Banco Bilbao Vizcaya Argentaria S.A., Series 9 (b) (d) (k)<br>| 6.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8635088 |
| &nbsp;&nbsp;&nbsp;&nbsp;5000000 | Banco Mercantil del Norte S.A. (d) (g) (k)<br>| 7.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4817975 |
| &nbsp;&nbsp;&nbsp;&nbsp;8000000 | Banco Mercantil del Norte S.A. (d) (g) (k)<br>| 7.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7923120 |
| &nbsp;&nbsp;&nbsp;&nbsp;7400000 | Banco Mercantil del Norte S.A. (d) (g) (k)<br>| 8.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7616076 |
| &nbsp;&nbsp;&nbsp;10800000 | Banco Santander S.A. (d) (k)<br>| 4.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9397818 |
| &nbsp;&nbsp;&nbsp;12400000 | Banco Santander S.A. (b) (d) (k) (l)<br>| 7.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;12349656 |
| &nbsp;&nbsp;&nbsp;25885000 | Bank of America Corp., Series TT (b) (d)<br>| 6.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;25975597 |
| &nbsp;&nbsp;&nbsp;&nbsp;5900000 | Bank of America Corp., Series X (b) (d)<br>| 6.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5911092 |
| &nbsp;&nbsp;&nbsp;&nbsp;3800000 | Bank of Nova Scotia (The) (d)<br>| 4.90% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3699908 |
| &nbsp;&nbsp;&nbsp;15720000 | Bank of Nova Scotia (The) (d)<br>| 8.63% | 10/27/82 | &nbsp;&nbsp;&nbsp;&nbsp;16749192 |
| &nbsp;&nbsp;&nbsp;&nbsp;7300000 | Barclays PLC (d) (k)<br>| 4.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5951897 |
| &nbsp;&nbsp;&nbsp;14300000 | Barclays PLC (b) (d) (k)<br>| 6.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;13674232 |
| &nbsp;&nbsp;&nbsp;41015000 | Barclays PLC (a) (b) (d) (k)<br>| 8.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;40963731 |
| &nbsp;&nbsp;&nbsp;14845000 | Barclays PLC (b) (d) (k)<br>| 8.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;14943719 |

---

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Par<br> Amount** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** |
|  | **Banks (Continued)** |  |  |  |
| &nbsp;&nbsp;&nbsp;$8550000 | BBVA Bancomer S.A. (a) (d) (g) (k)<br>| 5.88% | 09/13/34 | &nbsp;&nbsp;&nbsp;&nbsp;$8247245 |
| &nbsp;&nbsp;&nbsp;10400000 | BNP Paribas S.A. (d) (g) (k)<br>| 4.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8533290 |
| &nbsp;&nbsp;&nbsp;&nbsp;4748000 | BNP Paribas S.A. (b) (d) (g) (k)<br>| 6.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4700520 |
| &nbsp;&nbsp;&nbsp;&nbsp;1285000 | BNP Paribas S.A. (d) (g) (k)<br>| 7.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1293680 |
| &nbsp;&nbsp;&nbsp;&nbsp;8940000 | BNP Paribas S.A. (b) (d) (g) (k)<br>| 7.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9275250 |
| &nbsp;&nbsp;&nbsp;&nbsp;4000000 | BNP Paribas S.A. (b) (d) (g) (k)<br>| 9.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4354000 |
| &nbsp;&nbsp;&nbsp;&nbsp;7370000 | Citigroup, Inc. (b) (d)<br>| 3.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6746498 |
| &nbsp;&nbsp;&nbsp;&nbsp;3022000 | Citigroup, Inc., 3 Mo. LIBOR + 4.07% (b) (f)<br>| 8.87% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3053731 |
| &nbsp;&nbsp;&nbsp;&nbsp;9351000 | Citigroup, Inc., Series M (b) (d)<br>| 6.30% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9234112 |
| &nbsp;&nbsp;&nbsp;&nbsp;8600000 | Citigroup, Inc., Series P (b) (d)<br>| 5.95% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8391659 |
| &nbsp;&nbsp;&nbsp;&nbsp;9905000 | Citigroup, Inc., Series W (b) (d)<br>| 4.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9188287 |
| &nbsp;&nbsp;&nbsp;&nbsp;7381000 | Citigroup, Inc., Series Y (b) (d)<br>| 4.15% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6587543 |
| &nbsp;&nbsp;&nbsp;25000000 | CoBank ACB, Series I (b) (d)<br>| 6.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;24838217 |
| &nbsp;&nbsp;&nbsp;&nbsp;9695000 | CoBank ACB, Series K (b) (d)<br>| 6.45% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9812752 |
| &nbsp;&nbsp;&nbsp;&nbsp;2800000 | Commerzbank AG (d) (k) (l)<br>| 7.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2764191 |
| &nbsp;&nbsp;&nbsp;&nbsp;5000000 | Credit Agricole S.A. (b) (d) (g) (k)<br>| 6.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4951598 |
| &nbsp;&nbsp;&nbsp;28240000 | Credit Agricole S.A. (b) (d) (g) (k)<br>| 8.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;29204255 |
| &nbsp;&nbsp;&nbsp;&nbsp;3000000 | Danske Bank A.S. (d) (k) (l)<br>| 4.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2646195 |
| &nbsp;&nbsp;&nbsp;&nbsp;7080000 | Danske Bank A.S. (b) (d) (k) (l)<br>| 6.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6916275 |
| &nbsp;&nbsp;&nbsp;&nbsp;6740000 | Danske Bank A.S. (b) (d) (k) (l)<br>| 7.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6563277 |
| &nbsp;&nbsp;&nbsp;&nbsp;3450000 | Farm Credit Bank of Texas, Series 3 (b) (d) (g)<br>| 6.20% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3122250 |
| &nbsp;&nbsp;&nbsp;&nbsp;7500000 | Farm Credit Bank of Texas, Series 4 (a) (b) (d) (g)<br>| 5.70% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7050000 |
| &nbsp;&nbsp;&nbsp;16092000 | ING Groep N.V. (d) (k)<br>| 5.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;15240170 |
| &nbsp;&nbsp;&nbsp;10920000 | ING Groep N.V. (b) (d) (k)<br>| 6.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;10688332 |
| &nbsp;&nbsp;&nbsp;16200000 | Intesa Sanpaolo S.p.A. (b) (d) (g) (k)<br>| 7.70% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;15333253 |
| &nbsp;&nbsp;&nbsp;13045000 | Lloyds Banking Group PLC (b) (d) (k)<br>| 6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;12747541 |
| &nbsp;&nbsp;&nbsp;16316502 | Lloyds Banking Group PLC (b) (d) (k)<br>| 7.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;16217298 |
| &nbsp;&nbsp;&nbsp;&nbsp;7912000 | Lloyds Banking Group PLC (b) (d) (k)<br>| 7.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7854638 |
| &nbsp;&nbsp;&nbsp;&nbsp;4627659 | M&T Bank Corp. (b) (d)<br>| 3.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3898803 |
| &nbsp;&nbsp;&nbsp;&nbsp;2000000 | Macquarie Bank Ltd. (d) (g) (k)<br>| 6.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1842724 |
| &nbsp;&nbsp;&nbsp;&nbsp;8400000 | NatWest Group PLC (d) (k)<br>| 6.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8043000 |
| &nbsp;&nbsp;&nbsp;10150000 | NatWest Group PLC (b) (d) (k)<br>| 8.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;10276418 |
| &nbsp;&nbsp;&nbsp;23800000 | Nordea Bank Abp (b) (d) (g) (k)<br>| 6.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;23591750 |
| &nbsp;&nbsp;&nbsp;&nbsp;2680000 | PNC Financial Services Group (The), Inc., Series U (b) (d)<br>| 6.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2673032 |
| &nbsp;&nbsp;&nbsp;16480000 | PNC Financial Services Group (The), Inc., Series V (b) (d)<br>| 6.20% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;16526144 |
| &nbsp;&nbsp;&nbsp;26100000 | Societe Generale S.A. (d) (g) (k)<br>| 5.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;22509410 |
| &nbsp;&nbsp;&nbsp;&nbsp;4710000 | Societe Generale S.A. (b) (d) (g) (k)<br>| 7.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4698225 |
| &nbsp;&nbsp;&nbsp;20300000 | Societe Generale S.A. (d) (g)<br>| 9.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;21847875 |
| &nbsp;&nbsp;&nbsp;19940000 | Standard Chartered PLC (d) (g) (k)<br>| 4.30% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;17126466 |
| &nbsp;&nbsp;&nbsp;&nbsp;3000000 | Standard Chartered PLC (b) (d) (g) (k)<br>| 6.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2955000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65000 | Standard Chartered PLC (d) (l)<br>| 7.01% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65334 |
| &nbsp;&nbsp;&nbsp;&nbsp;9200000 | Standard Chartered PLC (b) (d) (g) (k)<br>| 7.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9453000 |
| &nbsp;&nbsp;&nbsp;10461341 | SVB Financial Group, Series C (d) (m)<br>| 4.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8388620 |
| &nbsp;&nbsp;&nbsp;14346000 | SVB Financial Group, Series D (d) (m)<br>| 4.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;11489711 |
| &nbsp;&nbsp;&nbsp;&nbsp;5800000 | Swedbank AB, Series NC5 (d) (k) (l)<br>| 5.63% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5644125 |
| &nbsp;&nbsp;&nbsp;&nbsp;2779000 | Texas Capital Bancshares, Inc. (b) (d)<br>| 4.00% | 05/06/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2531409 |
| &nbsp;&nbsp;&nbsp;15600000 | Toronto-Dominion Bank (The) (b) (d)<br>| 8.13% | 10/31/82 | &nbsp;&nbsp;&nbsp;&nbsp;16594500 |
| &nbsp;&nbsp;&nbsp;21201000 | UniCredit S.p.A. (b) (d) (k) (l)<br>| 8.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;21002241 |
| &nbsp;&nbsp;&nbsp;&nbsp;5000000 | UniCredit S.p.A. (a) (d) (g)<br>| 5.46% | 06/30/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4379222 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;662757915 |
|  | **Capital Markets – 9.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp;12296000 | Apollo Management Holdings L.P. (a) (b) (d) (g)<br>| 4.95% | 01/14/50 | &nbsp;&nbsp;&nbsp;&nbsp;10579633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000 | Charles Schwab (The) Corp., Series H (d)<br>| 4.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430750 |
| &nbsp;&nbsp;&nbsp;&nbsp;2200000 | Charles Schwab (The) Corp., Series K (b) (d)<br>| 5.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2128500 |

---

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Par<br> Amount** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** |
|  | **Capital Markets (Continued)** |  |  |  |
| $19220000 | Credit Suisse Group AG (d) (g) (k) (n)<br>| 5.25% | (c) | &nbsp;&nbsp;&nbsp;$14463050 |
| &nbsp;&nbsp;&nbsp;15730000 | Credit Suisse Group AG (d) (g) (k) (n)<br>| 6.38% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;12780625 |
| &nbsp;&nbsp;&nbsp;28250000 | Credit Suisse Group AG (b) (d) (g) (k) (n)<br>| 7.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;26223262 |
| &nbsp;&nbsp;&nbsp;&nbsp;6400000 | Credit Suisse Group AG (b) (d) (g) (k) (n)<br>| 9.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6224000 |
| &nbsp;&nbsp;&nbsp;20300000 | Deutsche Bank AG, Series 2020 (b) (d) (k)<br>| 6.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;18526874 |
| &nbsp;&nbsp;&nbsp;&nbsp;7850000 | EFG International AG (d) (k) (l)<br>| 5.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7144560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300000 | Goldman Sachs Group (The), Inc., Series R (b) (d)<br>| 4.95% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288617 |
| &nbsp;&nbsp;&nbsp;10000000 | UBS Group AG (d) (g) (k)<br>| 4.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9014000 |
| &nbsp;&nbsp;&nbsp;&nbsp;9200000 | UBS Group AG (d) (k) (l)<br>| 5.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8752006 |
| &nbsp;&nbsp;&nbsp;&nbsp;4800000 | UBS Group AG (d) (k) (l)<br>| 6.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4777560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;465000 | UBS Group AG (d) (g) (k)<br>| 7.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463242 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;121796679 |
|  | **Consumer Finance – 0.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;5639000 | Ally Financial, Inc., Series B (d)<br>| 4.70% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4655699 |
| &nbsp;&nbsp;&nbsp;&nbsp;3882000 | Ally Financial, Inc., Series C (d)<br>| 4.70% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2989140 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7644839 |
|  | **Diversified Financial Services – 4.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;15000000 | American AgCredit Corp. (b) (d) (g)<br>| 5.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;13218750 |
| &nbsp;&nbsp;&nbsp;&nbsp;9300000 | Ares Finance Co. III LLC (a) (b) (d) (g)<br>| 4.13% | 06/30/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7211458 |
| &nbsp;&nbsp;&nbsp;&nbsp;9350000 | Capital Farm Credit ACA, Series 1 (b) (d) (g)<br>| 5.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8531875 |
| &nbsp;&nbsp;&nbsp;&nbsp;3800000 | Compeer Financial ACA (b) (d) (g)<br>| 4.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3367754 |
| &nbsp;&nbsp;&nbsp;22150000 | Corebridge Financial, Inc. (a) (b) (d) (g)<br>| 6.88% | 12/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;22065391 |
| &nbsp;&nbsp;&nbsp;&nbsp;2224000 | Voya Financial, Inc., Series A (b) (d)<br>| 6.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2222665 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56617893 |
|  | **Electric Utilities – 2.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;7950000 | American Electric Power Co., Inc. (b) (d)<br>| 3.88% | 02/15/62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6822623 |
| &nbsp;&nbsp;&nbsp;&nbsp;5116000 | Edison International, Series B (b) (d)<br>| 5.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4561375 |
| &nbsp;&nbsp;&nbsp;10976000 | Emera, Inc., Series 16-A (a) (b) (d)<br>| 6.75% | 06/15/76 | &nbsp;&nbsp;&nbsp;&nbsp;10821054 |
| &nbsp;&nbsp;&nbsp;&nbsp;1929000 | Southern (The) Co., Series 21-A (b) (d)<br>| 3.75% | 09/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1683720 |
| &nbsp;&nbsp;&nbsp;&nbsp;5110000 | Southern California Edison Co., Series E, 3 Mo. LIBOR + 4.20% (b) (f)<br>| 8.64% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5071675 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28960447 |
|  | **Energy Equipment & Services – 2.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;21650000 | Transcanada Trust (a) (b) (d)<br>| 5.50% | 09/15/79 | &nbsp;&nbsp;&nbsp;&nbsp;19619154 |
| &nbsp;&nbsp;&nbsp;&nbsp;6450000 | Transcanada Trust (a) (d)<br>| 5.60% | 03/07/82 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5780812 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25399966 |
|  | **Food Products – 4.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;6000000 | Dairy Farmers of America, Inc. (b) (h)<br>| 7.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5175000 |
| &nbsp;&nbsp;&nbsp;13788000 | Land O'Lakes Capital Trust I (a) (b) (h)<br>| 7.45% | 03/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;13615650 |
| &nbsp;&nbsp;&nbsp;10000000 | Land O'Lakes, Inc. (b) (g)<br>| 7.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8900000 |
| &nbsp;&nbsp;&nbsp;33000000 | Land O'Lakes, Inc. (b) (g)<br>| 8.00% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;31223280 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58913930 |
|  | **Insurance – 15.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;3000000 | Aegon N.V. (b) (d)<br>| 5.50% | 04/11/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2865537 |
| &nbsp;&nbsp;&nbsp;&nbsp;5683000 | Asahi Mutual Life Insurance Co. (b) (d) (l)<br>| 6.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5698060 |
| &nbsp;&nbsp;&nbsp;17585000 | Assurant, Inc. (a) (b) (d)<br>| 7.00% | 03/27/48 | &nbsp;&nbsp;&nbsp;&nbsp;17484328 |
| &nbsp;&nbsp;&nbsp;&nbsp;5150000 | Assured Guaranty Municipal Holdings, Inc. (a) (d) (g)<br>| 6.40% | 12/15/66 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4913152 |
| &nbsp;&nbsp;&nbsp;&nbsp;9932000 | AXIS Specialty Finance LLC (a) (b) (d)<br>| 4.90% | 01/15/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8456513 |
| &nbsp;&nbsp;&nbsp;&nbsp;8704000 | Enstar Finance LLC (a) (b) (d)<br>| 5.75% | 09/01/40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7810621 |

---

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Par<br> Amount** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** |
|  | **Insurance (Continued)** |  |  |  |
| $17149000 | Enstar Finance LLC (a) (b) (d)<br>| 5.50% | 01/15/42 | &nbsp;&nbsp;&nbsp;$14166870 |
| &nbsp;&nbsp;&nbsp;15300000 | Fortegra Financial Corp. (a) (b) (d) (h)<br>| 8.50% | 10/15/57 | &nbsp;&nbsp;&nbsp;&nbsp;15567755 |
| &nbsp;&nbsp;&nbsp;23121000 | Global Atlantic Fin Co. (a) (d) (g)<br>| 4.70% | 10/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;19936679 |
| &nbsp;&nbsp;&nbsp;13200000 | Hartford Financial Services Group (The), Inc., 3 Mo. LIBOR + 2.13% (a) (b) (f) (g)<br>| 6.73% | 02/12/47 | &nbsp;&nbsp;&nbsp;&nbsp;11322300 |
| &nbsp;&nbsp;&nbsp;&nbsp;8183000 | Kuvare US Holdings, Inc. (b) (d) (g)<br>| 7.00% | 02/17/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8305745 |
| &nbsp;&nbsp;&nbsp;&nbsp;2000000 | La Mondiale SAM (b) (d) (l)<br>| 5.88% | 01/26/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1919292 |
| &nbsp;&nbsp;&nbsp;&nbsp;9500000 | Lancashire Holdings Ltd. (b) (d) (l)<br>| 5.63% | 09/18/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7917025 |
| &nbsp;&nbsp;&nbsp;&nbsp;6700000 | Liberty Mutual Group, Inc. (a) (b) (d) (g)<br>| 4.13% | 12/15/51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5743508 |
| &nbsp;&nbsp;&nbsp;&nbsp;3295000 | Liberty Mutual Group, Inc. (g)<br>| 4.30% | 02/01/61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2151877 |
| &nbsp;&nbsp;&nbsp;&nbsp;4500000 | Lincoln National Corp., Series C (b) (d)<br>| 9.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4983750 |
| &nbsp;&nbsp;&nbsp;&nbsp;2442000 | Nationwide Financial Services Capital Trust (a) (o)<br>| 7.90% | 03/01/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2582415 |
| &nbsp;&nbsp;&nbsp;&nbsp;2910000 | Nationwide Financial Services, Inc. (a) (b)<br>| 6.75% | 05/15/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2872732 |
| &nbsp;&nbsp;&nbsp;16684000 | Prudential Financial, Inc. (a) (b) (d)<br>| 6.00% | 09/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;16665079 |
| &nbsp;&nbsp;&nbsp;14900000 | QBE Insurance Group Ltd. (b) (d) (g)<br>| 5.88% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;14713750 |
| &nbsp;&nbsp;&nbsp;&nbsp;9765000 | QBE Insurance Group Ltd. (b) (d) (l)<br>| 6.75% | 12/02/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9754774 |
| &nbsp;&nbsp;&nbsp;&nbsp;2000000 | QBE Insurance Group Ltd. (d) (l)<br>| 5.88% | 06/17/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1951730 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;187783492 |
|  | **Mortgage Real Estate Investment Trusts – 0.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;600000 | Scentre Group Trust 2 (d) (g)<br>| 4.75% | 09/24/80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560624 |
| &nbsp;&nbsp;&nbsp;&nbsp;5950000 | Scentre Group Trust 2 (a) (b) (d) (g)<br>| 5.13% | 09/24/80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5242442 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5803066 |
|  | **Multi-Utilities – 4.7%** |  |  |  |
| &nbsp;&nbsp;&nbsp;25481000 | Algonquin Power & Utilities Corp. (a) (b) (d)<br>| 4.75% | 01/18/82 | &nbsp;&nbsp;&nbsp;&nbsp;21562787 |
| &nbsp;&nbsp;&nbsp;&nbsp;4491000 | CenterPoint Energy, Inc., Series A (b) (d)<br>| 6.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4420828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990000 | Dominion Energy, Inc., Series B (d)<br>| 4.65% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928521 |
| &nbsp;&nbsp;&nbsp;10400000 | NiSource, Inc. (b) (d)<br>| 5.65% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;10140596 |
| &nbsp;&nbsp;&nbsp;24890000 | Sempra Energy (b) (d)<br>| 4.13% | 04/01/52 | &nbsp;&nbsp;&nbsp;&nbsp;21824705 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58877437 |
|  | **Oil, Gas & Consumable Fuels – 10.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;9000000 | Buckeye Partners L.P., 3 Mo. LIBOR + 4.02% (a) (b) (d) (f)<br>| 8.84% | 01/22/78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7582069 |
| &nbsp;&nbsp;&nbsp;16570000 | DCP Midstream Operating L.P. (b) (d) (g)<br>| 5.85% | 05/21/43 | &nbsp;&nbsp;&nbsp;&nbsp;16381268 |
| &nbsp;&nbsp;&nbsp;27810000 | Enbridge, Inc. (a) (b) (d)<br>| 6.25% | 03/01/78 | &nbsp;&nbsp;&nbsp;&nbsp;26490409 |
| &nbsp;&nbsp;&nbsp;&nbsp;5000000 | Enbridge, Inc. (a) (d)<br>| 7.63% | 01/15/83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5161466 |
| &nbsp;&nbsp;&nbsp;21262000 | Enbridge, Inc., Series 16-A (a) (b) (d)<br>| 6.00% | 01/15/77 | &nbsp;&nbsp;&nbsp;&nbsp;20222999 |
| &nbsp;&nbsp;&nbsp;15150000 | Enbridge, Inc., Series 20-A (b) (d)<br>| 5.75% | 07/15/80 | &nbsp;&nbsp;&nbsp;&nbsp;14374168 |
| &nbsp;&nbsp;&nbsp;12530000 | Energy Transfer L.P., 3 Mo. LIBOR + 3.02% (b) (f)<br>| 7.46% | 11/01/66 | &nbsp;&nbsp;&nbsp;&nbsp;10108109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805000 | Energy Transfer L.P., Series A (d)<br>| 6.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759719 |
| &nbsp;&nbsp;&nbsp;&nbsp;9734000 | Energy Transfer L.P., Series F (b) (d)<br>| 6.75% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9235133 |
| &nbsp;&nbsp;&nbsp;&nbsp;6690000 | Energy Transfer L.P., Series G (b) (d)<br>| 7.13% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6128040 |
| &nbsp;&nbsp;&nbsp;&nbsp;2000000 | Energy Transfer L.P., Series H (d)<br>| 6.50% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1880760 |
| &nbsp;&nbsp;&nbsp;13399000 | Enterprise Products Operating LLC, 3 Mo. LIBOR + 2.78% (b) (f)<br>| 7.54% | 06/01/67 | &nbsp;&nbsp;&nbsp;&nbsp;11926115 |
| &nbsp;&nbsp;&nbsp;&nbsp;4151000 | Enterprise Products Operating LLC, Series D, 3 Mo. LIBOR + 2.99% (b) (f)<br>| 7.63% | 08/16/77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3979315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;990000 | Enterprise Products Operating LLC, Series E (d)<br>| 5.25% | 08/16/77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;864901 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;135094471 |
|  | **Trading Companies & Distributors – 4.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;40945000 | AerCap Holdings N.V. (a) (b) (d)<br>| 5.88% | 10/10/79 | &nbsp;&nbsp;&nbsp;&nbsp;39276082 |
| &nbsp;&nbsp;&nbsp;&nbsp;4863000 | Air Lease Corp., Series B (a) (d)<br>| 4.65% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4328070 |
| &nbsp;&nbsp;&nbsp;&nbsp;7200000 | Aircastle Ltd. (a) (b) (d) (g)<br>| 5.25% | (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5940000 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49544152 |

---

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Par<br> Amount** | **Description** | **Stated<br> Rate** | **Stated<br> Maturity** | **Value** |
| **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** | **CAPITAL PREFERRED SECURITIES (Continued)** |
|  | **Transportation Infrastructure – 1.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;$8406000 | AerCap Global Aviation Trust (a) (b) (d) (g)<br>| 6.50% | 06/15/45 | &nbsp;&nbsp;&nbsp;&nbsp;$8228171 |
| &nbsp;&nbsp;&nbsp;&nbsp;3844000 | BNSF Funding Trust I (a) (d)<br>| 6.61% | 12/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3709460 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11937631 |
|  | **Total Capital Preferred Securities<br>** | **Total Capital Preferred Securities<br>** | **Total Capital Preferred Securities<br>** | &nbsp;&nbsp;1411131918 |
|  | (Cost $1,476,039,739) |  |  |  |
| **Principal<br> Value** | **Description** | **Stated<br> Coupon** | **Stated<br> Maturity** | **Value** |
| **FOREIGN CORPORATE BONDS AND NOTES – 1.8%** | **FOREIGN CORPORATE BONDS AND NOTES – 1.8%** | **FOREIGN CORPORATE BONDS AND NOTES – 1.8%** | **FOREIGN CORPORATE BONDS AND NOTES – 1.8%** | **FOREIGN CORPORATE BONDS AND NOTES – 1.8%** |
|  | **Insurance – 1.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;23795925 | Highlands Holdings Bond Issuer Ltd./Highlands Holdings Bond Co-Issuer, Inc. (b) (g) (p)<br>| 7.63% | 10/15/25 | &nbsp;&nbsp;&nbsp;&nbsp;22106295 |
|  | (Cost $24,551,299) |  |  |  |
| **CORPORATE BONDS AND NOTES – 0.3%** | **CORPORATE BONDS AND NOTES – 0.3%** | **CORPORATE BONDS AND NOTES – 0.3%** | **CORPORATE BONDS AND NOTES – 0.3%** | **CORPORATE BONDS AND NOTES – 0.3%** |
|  | **Insurance – 0.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;4396000 | AmTrust Financial Services, Inc. (a) (b)<br>| 6.13% | 08/15/23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4307222 |
|  | (Cost $4,394,576) |  |  |  |

---

---

| | | |
|:---|:---|:---|
| | **Total Investments – 145.9%<br>**  | |
| <br>**Shares** | (Cost $1,921,434,102)<br>**Description** | &nbsp;&nbsp;&nbsp;1825125798<br>**Value** |
| **REVERSE REPURCHASE AGREEMENT – (8.0)%** | **REVERSE REPURCHASE AGREEMENT – (8.0)%** | **REVERSE REPURCHASE AGREEMENT – (8.0)%** |
| (100000000) | Scotia Bank, due 5/1/23 <br>| &nbsp;&nbsp;&nbsp;&nbsp;(100000000) |
|  | **Outstanding Loan – (39.8)%<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;(497600000) |
|  | **Net Other Assets and Liabilities – 1.9%<br>**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23072699 |
|  | **Net Assets – 100.0%<br>**  | $1250598497 |

---

(a) This security or a portion of this security is segregated as collateral for reverse repurchase agreements. All of these securities are corporate bonds with a remaining contractual
maturity of 30-90 days. At January 31, 2023, securities noted as such are valued at $515,872,575.

(b) All or a portion of this security serves as collateral on the outstanding loan.

(c) Perpetual maturity.

(d) Fixed-to-floating or fixed-to-variable rate security. The interest rate shown reflects the fixed rate in effect at January 31, 2023. At a predetermined date, the fixed rate will
change to a floating rate or a variable rate.

(e) On March 12, 2023, Signature Bank was placed in receivership under the Federal Deposit Insurance Corporation. Since that event, the Fund is valuing this security significantly lower
than the price determined on January 31, 2023.

(f) Floating or variable rate security.

(g) This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the Securities Act of 1933, as amended (the
"1933 Act"), and may be resold in transactions exempt from registration, normally to qualified institutional buyers. Pursuant to procedures adopted by the Fund's Board of Trustees, this security has
been determined to be liquid by Stonebridge Advisors LLC (the "Sub-Advisor"). Although market instability can result in periods of increased overall market illiquidity, liquidity for each security is
determined based on security specific factors and assumptions, which require subjective judgment. At January 31, 2023, securities noted as such amounted to $554,819,622 or 44.4% of net assets.

(h) This security, sold within the terms of a private placement memorandum, is exempt from registration upon resale under Rule 144A of the 1933 Act, and may be resold in transactions
exempt from registration, normally to qualified institutional buyers. See restricted Securities table.

(i) This security is fair valued by the Advisor's Pricing Committee in accordance with procedures approved by the Fund's Board of Trustees, and in accordance with the
provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At January 31, 2023, securities noted as such are valued at $14,016,000 or 1.1% of net assets.

(j) This security's value was determined using significant unobservable inputs.

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)
(k) This security is a contingent convertible capital security which may be subject to conversion into common stock of the issuer under certain circumstances. At January 31, 2023,
securities noted as such amounted to $564,219,480 or 30.5% of managed assets. Of these securities, 5.1% originated in emerging markets, and 94.9% originated in foreign markets.

(l) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the 1933 Act.

(m) On March 10, 2023, Silicon Valley Bank was placed in receivership under the Federal Deposit Insurance Corporation. Prior to that event, the Fund liquidated its position at a price
significantly below where it was priced on January 31, 2023.

(n) As of March 20, 2023, due to market events, the Fund is valuing these securities significantly lower than the price determined on January 31, 2023.

(o) Pursuant to procedures adopted by the Fund's Board of Trustees, this security has been determined to be illiquid by the Sub-Advisor.

(p) These notes are Senior Payment-in-kind ("PIK") Toggle Notes whereby the issuer may, at its option, elect to pay interest on the notes (1) entirely in
cash or (2) entirely in PIK interest. Interest paid in cash will accrue on the notes at a rate of 7.63% per annum ("Cash Interest Rate") and PIK interest will accrue on the notes at a rate per annum equal
to the Cash Interest Rate plus 75 basis points. There were no interest distributions received during the fiscal year-to-date period (November 1, 2022 through January 31, 2023).

LIBOR London Interbank Offered Rate

------

#### Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:

• Level 1 – Level 1 inputs are quoted prices in active markets for identical investments.

• Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived
from observable market data.)

• Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity's own assumptions about the assumptions that market participants would use in
pricing the investment.

The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)
A summary of the inputs used to value the Fund's investments as of January 31, 2023 is as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** | **ASSETS TABLE** |
|  | **Total<br> Value at<br> 1/31/2023** | &nbsp;&nbsp;**Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** |
| $25 Par Preferred Securities: |  |  |  |  |
| &nbsp;&nbsp;Gas Utilities<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3110898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3110898 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| &nbsp;&nbsp;Insurance<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107103530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83163169 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23940361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;Multi-Utilities<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20925864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4434639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16491225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;Other Industry Categories\*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180614036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180614036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| $100 Par Preferred Securities\*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10587563 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5384313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5203250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| $1,000 Par Preferred Securities: |  |  |  |  |
| &nbsp;&nbsp;Banks<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39300160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39300160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;Diversified Financial Services<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11922312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11922312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| $1,000,000 Par Preferred Securities\*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14016000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 14016000 |
| Capital Preferred Securities\*<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1411131918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1411131918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Foreign Corporate Bonds and Notes\*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22106295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22106295 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Corporate Bonds and Notes\*<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4307222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4307222 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments<br>| $1825125798 | &nbsp;&nbsp;$312896317 | $1498213481 | $14016000 |
| **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** | **LIABILITIES TABLE** |
|  | **Total<br> Value at<br> 1/31/2023** | &nbsp;&nbsp;**Level 1<br> Quoted<br> Prices** | **Level 2<br> Significant<br> Observable<br> Inputs** | **Level 3<br> Significant<br> Unobservable<br> Inputs** |
| Reverse Repurchase Agreements<br>| $(100000000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | $(100000000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |

---

\* See Portfolio of Investments for industry breakout.

Level 3 Investments are fair valued by the Advisor's Pricing Committee and are footnoted in the Portfolio of Investments. These values are based on unobservable and non-quantitative inputs.

The following table presents the activity of the Fund's investments measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the period presented.

---

| | |
|:---|:---|
| **Beginning Balance at October 31, 2022** |  |
| &nbsp;&nbsp;$1,000,000 Par Preferred Securities | $13440000 |
| Net Realized Gain (Loss) |  |
| Net Change in Unrealized Appreciation/Depreciation | 576000 |
| Purchases |  |
| Sales |  |
| Transfers In |  |
| Transfers Out |  |
| **Ending Balance at October 31, 2023** |  |
| &nbsp;&nbsp;$1,000,000 Par Preferred Securities | 14016000 |
| Total Level 3 holdings | $14016000 |

---

There was a net change of $576,000 in unrealized appreciation (depreciation) from Level 3 investments held as of January 31, 2023.

------

#### First Trust Intermediate Duration Preferred & Income Fund (FPF)<br>

#### Portfolio of Investments (Continued)

#### January 31, 2023 (Unaudited)

------

#### Restricted Securities
As of January 31, 2023, the Fund held restricted securities as shown in the following table that the Sub-Advisor has deemed illiquid.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Security** | &nbsp;&nbsp;**Acquisition<br> Date** | &nbsp;&nbsp;**Principal<br> Value/Shares** | &nbsp;&nbsp;**Current Price** | &nbsp;&nbsp;**Carrying<br> Cost** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**% of<br> Net<br> Assets** |
| Dairy Farmers of America, Inc., 7.13% | &nbsp;&nbsp;9/15/16 | &nbsp;&nbsp;$6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$86.25 | &nbsp;&nbsp;$6000000 | &nbsp;&nbsp;$5175000 | &nbsp;&nbsp;0.41% |
| Fortegra Financial Corp., 8.50%, 10/15/57 | &nbsp;&nbsp;10/12/17 - 3/12/18 | &nbsp;&nbsp;$15300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101.75 | &nbsp;&nbsp;&nbsp;&nbsp;15343745 | &nbsp;&nbsp;&nbsp;&nbsp;15567755 | &nbsp;&nbsp;1.24 |
| FT Real Estate Securities Co., Inc., 9.50% | &nbsp;&nbsp;6/15/16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12 | &nbsp;&nbsp;&nbsp;&nbsp;1168000 | &nbsp;&nbsp;&nbsp;&nbsp;15990000 | &nbsp;&nbsp;&nbsp;&nbsp;14016000 | &nbsp;&nbsp;1.12 |
| Land O'Lakes Capital Trust I, 7.45%, 03/15/28 | &nbsp;&nbsp;6/6/14 - 2/25/19 | &nbsp;&nbsp;$13788000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98.75 | &nbsp;&nbsp;&nbsp;&nbsp;14271069 | &nbsp;&nbsp;&nbsp;&nbsp;13615650 | &nbsp;&nbsp;1.09 |
|  |  |  |  | &nbsp;&nbsp;$51604814 | &nbsp;&nbsp;$48374405 | &nbsp;&nbsp;3.86% |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Trust Intermediate Duration Preferred & Income Fund

- **b. Investment Company Act file number:** 811-22795

- **c. CIK number of Registrant:** 0001567569

- **d. LEI of Registrant:** 549300EOWPOFA6ZHR675

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

  - **Street Address 1:** 120 East Liberty Drive, Suite 400

  - **City:** Wheaton

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60187

  - **Telephone number:** 630-765-8000

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

- **a. Name of Series:** First Trust Intermediate Duration Preferred & Income Fund

- **c. LEI of Series:** 549300EOWPOFA6ZHR675

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1854600125.78

**Total Liabilities:** $604259660.41

**Net Assets:** $1250340465.37

**Cash Not Reported:** $2155959.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 289.544790553482 | **1-Year:** 37540.927108292572 | **5-Year:** 109401.054979765811 | **10-Year:** 41442.164706580492 | **30-Year:** 69194.234086453113

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

- **3-Month:** 1266.805208232674 | **1-Year:** 29189.963250199694 | **5-Year:** 64937.318782401587 | **10-Year:** 18186.347401233778 | **30-Year:** 61454.221139836201

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 8.15%                | -2.95%               | 13.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15984919.12            | $46908986.82                               |
| Month 2  | $-4594968.63             | $1738432.43                                |
| Month 3  | $-1812724.58             | $101976849.08                              |

**Designated Index Information**

- **Index Name:** The Fund's Designated Reference Portfolio is the Fund's Securities Portfolio.

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Banco Mercantile del Norte SA Grand Cayman Branch                                       | BANCO MERCANTIL DE  V/R /PERP/              | CUSIP: 05971PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   7400000 | PA      | $7616075.93   | 0.61%             | 2500-12-31      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| UniCredit S.p.A.                                                                        | UNICREDIT SPA V/R 06/30/35                  | CUSIP: 904678AS8<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |   5000000 | PA      | $4379221.50   | 0.35%             | 2035-06-30      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Compeer Financial, ACA                                                                  | COMPEER FINANCIAL A V/R /PERP/              | CUSIP: 20453QAA0<br>LEI: 54930020HTACTODKHT04 | Long             | DBT              | CORP              | US        |   3800000 | PA      | $3367753.61   | 0.27%             | 2500-12-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DCP Midstream, LLC                                                                      | DCP MIDSTREAM OPE V/R 05/21/43              | CUSIP: 23311RAH9<br>LEI: VQOHU6HCVU6YY1KUKU03 | Long             | DBT              | CORP              | US        |  16570000 | PA      | $16381267.70  | 1.31%             | 2043-05-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                       | ENTERPRISE PRODUC V/R 08/16/77              | CUSIP: 29379VBM4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   4151000 | PA      | $3979314.64   | 0.32%             | 2077-08-16      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                       | ENTERPRISE PRODUC V/R 08/16/77              | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    990000 | PA      | $864901.26    | 0.07%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Agnc Investment Corp                                                                    | AGNC INVESTMENT CORP /PFD/                  | CUSIP: 00123Q872<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     52941 | NS      | $1143525.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                                                | AT&T INC /PFD/                              | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |    172303 | NS      | $3614916.94   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                                                         | AFFILIATED MANAGERS GROU /PFD/              | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    173946 | NS      | $3094499.34   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                                                               | CNO FINANCIAL GROUP INC /PFD/               | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |    133393 | NS      | $2425084.74   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Mercantile del Norte SA Grand Cayman Branch                                       | BANCO MERCANTIL DE  V/R /PERP/              | CUSIP: 05971PAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   5000000 | PA      | $4817975.00   | 0.39%             | 2500-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Aircastle Limited                                                                       | AIRCASTLE LTD V/R /PERP/                    | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |   7200000 | PA      | $5940000.00   | 0.48%             | 2500-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                                 | ALGONQUIN PWR & U V/R 01/18/82              | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |  25481000 | PA      | $21562786.63  | 1.72%             | 2082-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                           | ENBRIDGE INC V/R 07/15/80                   | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  15150000 | PA      | $14374168.50  | 1.15%             | 2080-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                | LLOYDS BANKING GROU V/R /PERP/              | CUSIP: 539439AG4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  16316502 | PA      | $16217297.67  | 1.30%             | 2500-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                | LLOYDS BANKING GROU V/R /PERP/              | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   7912000 | PA      | $7854638.00   | 0.63%             | 2500-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                       | NATWEST GROUP PLC V/R /PERP/                | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   8400000 | PA      | $8043000.00   | 0.64%             | 2500-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                           | ENBRIDGE INC V/R 01/15/83                   | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5161466.00   | 0.41%             | 2083-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Fortegra Financial Corp                                                                 | FORTEGRA FINANCIA V/R 10/15/57              | CUSIP: 34954WAA2<br>LEI: 5493004Z5XFZNDJRE757 | Long             | DBT              | CORP              | US        |  15300000 | PA      | $15567754.44  | 1.25%             | 2057-10-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                             | GLOBAL ATLANTIC V/R 10/15/51                | CUSIP: 37959GAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23121000 | PA      | $19936679.23  | 1.59%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TransCanada Trust                                                                       | TRANSCANADA TRUST V/R 09/15/79              | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |  21650000 | PA      | $19619153.58  | 1.57%             | 2079-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Aercap Global Aviation Trust                                                            | AERCAP GLOBAL AVI V/R 06/15/45              | CUSIP: 00773HAA5<br>LEI: 635400FBSV8LXXNRV758 | Long             | DBT              | CORP              | US        |   8406000 | PA      | $8228171.07   | 0.66%             | 2045-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                     | ALLY FINANCIAL INC V/R /PERP/               | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   5639000 | PA      | $4655699.38   | 0.37%             | 2500-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AerCap Holdings N.V.                                                                    | AERCAP HOLDINGS N V/R 10/10/79              | CUSIP: 00774YAA7<br>LEI: 549300SZYINBBLJQU475 | Long             | DBT              | CORP              | NL        |  40945000 | PA      | $39276081.80  | 3.14%             | 2079-10-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Aegon Funding Company LLC                                                               | AEGON FUNDING 5.1% 12/15/49                 | CUSIP: 00775V104<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | EP               | CORP              | US        |    470486 | NS      | $10656507.90  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AmTrust Financial Services Inc.                                                         | AMTRUST FINANCIAL 7.5% 9/15/55              | CUSIP: 032359853<br>LEI: 549300SNNS1GRWBTGA28 | Long             | EP               | CORP              | US        |    210480 | NS      | $3623413.20   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                            | CITIZENS FINANCIAL GROUP /PFD/              | CUSIP: 174610204<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     37953 | NS      | $966662.91    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                                                            | CITIZENS FINANCIAL GROUP /PFD/              | CUSIP: 174610402<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |      2028 | NS      | $44920.20     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aegon N.V.                                                                              | AEGON NV V/R 04/11/48                       | CUSIP: 007924AJ2<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $2865536.91   | 0.23%             | 2048-04-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Farm Credit ACA                                                                 | CAPITAL FARM CREDIT V/R /PERP/              | CUSIP: 14019TAA4<br>LEI: 254900S6K5I3OISPS518 | Long             | DBT              | CORP              | US        |   9350000 | PA      | $8531875.00   | 0.68%             | 2500-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobank ACB                                                                              | COBANK ACB /PFD/                            | CUSIP: 19075Q862<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | CORP              | US        |     54250 | NS      | $5384312.50   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Compeer Financial, ACA                                                                  | COMPEER FINANCIAL ACA /PFD/                 | CUSIP: 20453Q201<br>LEI: 54930020HTACTODKHT04 | Long             | EP               | CORP              | US        |     12000 | NS      | $11922312.00  | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                          | CITIGROUP INC V/R /PERP/                    | CUSIP: 172967GD7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3022000 | PA      | $3053731.00   | 0.24%             | 2500-12-31      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                          | CITIGROUP INC V/R /PERP/                    | CUSIP: 172967HQ7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9351000 | PA      | $9234112.50   | 0.74%             | 2500-12-31      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                          | CITIGROUP INC V/R /PERP/                    | CUSIP: 172967JM4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   8600000 | PA      | $8391658.89   | 0.67%             | 2500-12-31      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                          | CITIGROUP INC V/R /PERP/                    | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9905000 | PA      | $9188287.47   | 0.73%             | 2500-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                     | ALLY FINANCIAL INC V/R /PERP/               | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   3882000 | PA      | $2989140.00   | 0.24%             | 2500-12-31      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| American Agcredit ACA                                                                   | AMER AGCREDIT ACA V/R /PERP/                | CUSIP: 02369GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13218750.30  | 1.06%             | 2500-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                          | CITIGROUP INC V/R /PERP/                    | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   7370000 | PA      | $6746498.00   | 0.54%             | 2500-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                          | CITIGROUP INC V/R /PERP/                    | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   7381000 | PA      | $6587542.50   | 0.53%             | 2500-12-31      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                                    | CREDIT AGRICOLE SA V/R /PERP/               | CUSIP: 225313AL9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $4951597.50   | 0.40%             | 2500-12-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Delphi Financial Group, Inc.                                                            | DELPHI FINANCIAL GROUP PFD                  | CUSIP: 247131303<br>LEI: 5493001NGT0EEYMZG011 | Long             | EP               | CORP              | US        |    584250 | NS      | $13364718.75  | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Cobank ACB                                                                              | COBANK ACB V/R /PERP/                       | CUSIP: 19075QAC6<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24838216.75  | 1.99%             | 2500-12-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Cobank ACB                                                                              | COBANK ACB V/R /PERP/                       | CUSIP: 19075QAE2<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | DBT              | CORP              | US        |   9695000 | PA      | $9812752.37   | 0.78%             | 2500-12-31      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corporation                                                       | CAPITAL ONE FINANCIAL CO /PFD/              | CUSIP: 14040H782<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    148032 | NS      | $3079065.60   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corporation                                                       | CAPITAL ONE FINANCIAL CO /PFD/              | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |      5726 | NS      | $125342.14    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                                                        | AMERICAN ELECTRIC V/R 02/15/62              | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   7950000 | PA      | $6822623.06   | 0.55%             | 2062-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Australia and New Zealand Banking Group Ltd. London Branch                              | AUST & NZ BANKING G V/R /PERP/              | CUSIP: 05254HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |  12935000 | PA      | $13055748.23  | 1.04%             | 2500-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Affiliated Managers Group, Inc.                                                         | AFFILIATED 4.75% 9/30/60 /PFD/              | CUSIP: 008252843<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     29434 | NS      | $588680.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico               | BBVA BANCOMER SA  V/R 09/13/34              | CUSIP: 05533UAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   8550000 | PA      | $8247244.50   | 0.66%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Banco Mercantile del Norte SA Grand Cayman Branch                                       | BANCO MERCANTIL DE  V/R /PERP/              | CUSIP: 05962GAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |   8000000 | PA      | $7923120.00   | 0.63%             | 2500-12-31      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                             | BANK OF AMERICA COR V/R /PERP/              | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  25885000 | PA      | $25975597.50  | 2.08%             | 2500-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corporation                                                 | ALGONQUIN PWR & UTILITY /PFD/               | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |     60984 | NS      | $1414828.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Equity Investment Life Holding Company                                         | AMERICAN EQUITY INVESTME /PFD/              | CUSIP: 025676602<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    247889 | NS      | $6373226.19   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse Group AG                                                                  | CREDIT SUISSE GROUP V/R /PERP/              | CUSIP: 225401AJ7<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |  28250000 | PA      | $26223262.23  | 2.10%             | 2500-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                                  | CREDIT SUISSE GROUP V/R /PERP/              | CUSIP: 225401AL2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |  15730000 | PA      | $12780625.00  | 1.02%             | 2500-12-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                                  | CREDIT SUISSE GROUP V/R /PERP/              | CUSIP: 225401AR9<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |  19220000 | PA      | $14463050.00  | 1.16%             | 2500-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                        | DEUTSCHE BANK AG V/R /PERP/                 | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  20300000 | PA      | $18526873.97  | 1.48%             | 2500-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                            | BARCLAYS PLC V/R /PERP/                     | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  14300000 | PA      | $13674232.00  | 1.09%             | 2500-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd.                                                                 | ARCH CAPITAL GROUP LTD /PFD/                | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |    192000 | NS      | $3838080.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd                                                                      | ATHENE HOLDING LTD /PFD/                    | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |    590886 | NS      | $15593481.54  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Financial Services Group, Inc.                                             | HARTFORD FINL SVC V/R 02/12/47              | CUSIP: 416515BC7<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | DBT              | CORP              | US        |  13200000 | PA      | $11322300.00  | 0.91%             | 2047-02-12      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                                                  | INTESA SANPAOLO SPA V/R /PERP/              | CUSIP: 46115HAU1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |  16200000 | PA      | $15333252.70  | 1.23%             | 2500-12-31      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                            | BARCLAYS PLC V/R /PERP/                     | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   7300000 | PA      | $5951897.25   | 0.48%             | 2500-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                       | NATWEST GROUP PLC V/R /PERP/                | CUSIP: 780099CK1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  10150000 | PA      | $10276418.25  | 0.82%             | 2500-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Atlantic Union Bankshares Corp                                                          | ATLANTIC UNION BANKSHARE /PFD/              | CUSIP: 04911A206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      3007 | NS      | $77129.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria, S.A.                                                   | BANCO BILBAO VIZCAY V/R /PERP/              | CUSIP: 05946KAG6<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   8800000 | PA      | $8635088.00   | 0.69%             | 2500-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                  | STANDARD CHARTERED  V/R /PERP/              | CUSIP: 853254BT6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2955000.00   | 0.24%             | 2500-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                                  | STANDARD CHARTERED  V/R /PERP/              | CUSIP: 853254CD0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |  19940000 | PA      | $17126466.00  | 1.37%             | 2500-12-31      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Wesbanco Inc                                                                            | WESBANCO INC /PFD/                          | CUSIP: 950810705<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    153754 | NS      | $3889976.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust IV                                                                            | SCE TRUST IV /PFD/ SER J                    | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    120245 | NS      | $2416924.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Land O'Lakes Capital Trust I                                                            | LAND O LAKES CA 7.45% 03/15/28              | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13788000 | PA      | $13615650.00  | 1.09%             | 2028-03-15      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                                                       | LAND O'LAKES INC 8% /PERP/                  | CUSIP: 514666AK2<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |  33000000 | PA      | $31223280.00  | 2.50%             | 2500-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                                   | BANCO SANTANDER SA V/R /PERP/               | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  10800000 | PA      | $9397817.53   | 0.75%             | 2500-12-31      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                             | BANK OF AMERICA CORP PREFERRED              | CUSIP: 060505682<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      6893 | NS      | $8576270.60   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                                                             | BANK OF AMERICA CORP /PFD/                  | CUSIP: 06053U601<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    231902 | NS      | $5598114.28   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                                                             | BANK OF AMERICA CORP /PFD/                  | CUSIP: 06055H871<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     49151 | NS      | $1069034.25   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Equity Investment Life Holding Company                                         | AMERICAN EQUITY INVESTME /PFD/              | CUSIP: 025676503<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    503304 | NS      | $12089362.08  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AmTrust Financial Services Inc.                                                         | AMTRUST FINANCIAL SERV /PFD/                | CUSIP: 032359861<br>LEI: 549300SNNS1GRWBTGA28 | Long             | EP               | CORP              | US        |    193648 | NS      | $3475981.60   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Infrastructure Finance ULC                                                   | BROOKFIELD INFRASTRUCTURE FIN  NT CAL 81    | CUSIP: 11276B109<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    195763 | NS      | $3942666.82   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckeye Partners LP                                                                     | BUCKEYE PARTNERS  V/R 01/22/78              | CUSIP: 118230AS0<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $7582069.44   | 0.61%             | 2078-01-22      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| CHS Inc                                                                                 | CHS INC /PFD/                               | CUSIP: 12542R704<br>LEI: XEIEFTLYDQ1MZ6TZV015 | Long             | EP               | CORP              | US        |    307925 | NS      | $7796661.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerpoint Energy Inc                                                                  | CENTERPOINT ENERGY  V/R /PERP/              | CUSIP: 15189TAS6<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   4491000 | PA      | $4420828.13   | 0.35%             | 2500-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                              | LIBERTY MUTUAL G 4.3% 02/01/61              | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   3295000 | PA      | $2151877.28   | 0.17%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                              | LIBERTY MUTUAL GR V/R 12/15/51              | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   6700000 | PA      | $5743508.00   | 0.46%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER LP V/R /PERP/               | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1880760.00   | 0.15%             | 2500-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Enstar Finance Llc                                                                      | ENSTAR FINANCE LL V/R 09/01/40              | CUSIP: 29360AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8704000 | PA      | $7810621.44   | 0.62%             | 2040-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lincoln National Corporation                                                            | LINCOLN NATIONAL CO V/R /PERP/              | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4983750.00   | 0.40%             | 2500-12-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                                                    | M&T BANK CORPORATIO V/R /PERP/              | CUSIP: 55261FAN4<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   4627659 | PA      | $3898802.71   | 0.31%             | 2500-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Enstar Finance Llc                                                                      | ENSTAR FINANCE LL V/R 01/15/42              | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17149000 | PA      | $14166870.36  | 1.13%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer Incorporated | HIGHLAND HOLDI 7.625% 10/15/25              | CUSIP: 43103QAA6<br>LEI: 894500QEH89ZMUFQMM46 | Long             | DBT              | CORP              | BM        |  23795925 | PA      | $22106295.35  | 1.77%             | 2025-10-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                          | ING GROEP NV V/R /PERP/                     | CUSIP: 456837AF0<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  10920000 | PA      | $10688332.20  | 0.85%             | 2500-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Banco Santander, S.A.                                                                   | BANCO SANTANDER SA V/R /PERP/               | CUSIP: E2R99CQ59<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  12400000 | PA      | $12349656.00  | 0.99%             | 2500-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Nationwide Financial Services Capital Trust                                             | NATIONWIDE FIN 7.899% 03/01/37              | CUSIP: 638611AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2442000 | PA      | $2582415.00   | 0.21%             | 2037-03-01      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| Nationwide Financial Services, Inc.                                                     | NATIONWIDE FINA 6.75% 05/15/37              | CUSIP: 638612AJ0<br>LEI: 5493001H7AZNDS6BKJ36 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2872731.60   | 0.23%             | 2067-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Apollo Asset Management Inc                                                             | APOLLO ASSET MANAGEMENT /PFD/               | CUSIP: 03769W302<br>LEI: 54930054P2G7ZJB0KM79 | Long             | EP               | CORP              | US        |    176854 | NS      | $4483248.90   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd                                                                      | ATHENE HOLDING LTD /PFD/                    | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |     62748 | NS      | $1255587.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation                                                          | CHARLES SCHWAB CORP V/R /PERP/              | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $430750.00    | 0.03%             | 2500-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Asahi Mutual Life Insurance Co.                                                         | ASAHI MUTUAL LIFE I V/R /PERP/              | CUSIP: J0249NAB6<br>LEI: 549300ZTKF2W3KCEJ782 | Long             | DBT              | CORP              | JP        |   5683000 | PA      | $5698059.95   | 0.46%             | 2500-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Brookfield Property Partners LP                                                         | BROOKFIELD PROPERTY PART /PFD/              | CUSIP: G16249164<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |    307185 | NS      | $5603054.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                                           | ASPEN INSURANCE HOLDINGS LTD   PFD SHS 5.95 | CUSIP: G05384154<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     21147 | NS      | $522542.37    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                                                                 | DIGITALBRIDGE GROUP INC/PFD/                | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |      1939 | NS      | $43142.75     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                                                                 | DIGITALBRIDGE GROUP INC/PFD/                | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |     23528 | NS      | $529615.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                                                                    | EDISON INTERNATIONA V/R /PERP/              | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   5116000 | PA      | $4561374.44   | 0.36%             | 2500-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                               | EMERA INC V/R 06/15/76                      | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |  10976000 | PA      | $10821053.78  | 0.87%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Swedbank AB (publ)                                                                      | SWEDBANK AB V/R /PERP/                      | CUSIP: W9423YGR5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   5800000 | PA      | $5644125.00   | 0.45%             | 2500-12-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commerzbank AG                                                                          | COMMERZBANK AG V/R /PERP/                   | CUSIP: D170472W6<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |   2800000 | PA      | $2764190.80   | 0.22%             | 2500-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER LP /PFD/                    | CUSIP: 29273V407<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     35235 | NS      | $840354.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER LP V/R /PERP/               | CUSIP: 29273VAH3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    805000 | PA      | $759718.75    | 0.06%             | 2500-12-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER LP V/R /PERP/               | CUSIP: 29273VAL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   9734000 | PA      | $9235132.50   | 0.74%             | 2500-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER LP V/R /PERP/               | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   6690000 | PA      | $6128040.00   | 0.49%             | 2500-12-31      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Equitable Holdings Inc                                                                  | EQUITABLE HOLDINGS INC /PFD/                | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |    484396 | NS      | $10957037.52  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                                                                   | SOCIETE GENERALE V/R /PERP/                 | CUSIP: 83367TBF5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4710000 | PA      | $4698225.00   | 0.38%             | 2500-12-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                   | SOCIETE GENERALE V/R /PERP/                 | CUSIP: 83370RAA6<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  26100000 | PA      | $22509409.69  | 1.80%             | 2500-12-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UniCredit S.p.A.                                                                        | UNICREDIT SPA V/R /PERP/                    | CUSIP: T9T20LTJ7<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |  21201000 | PA      | $21002240.63  | 1.68%             | 2500-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| La Mondiale                                                                             | LA MONDIALE V/R 01/26/47                    | CUSIP: F5616KAC8<br>LEI: 969500L0T16HX3R78P61 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $1919292.00   | 0.15%             | 2047-01-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Air Lease Corporation                                                                   | AIR LEASE CORP V/R /PERP/                   | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   4863000 | PA      | $4328070.00   | 0.35%             | 2500-12-31      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AmTrust Financial Services Inc.                                                         | AMTRUST FINANC 6.125% 08/15/23              | CUSIP: 032359AE1<br>LEI: 549300SNNS1GRWBTGA28 | Long             | DBT              | CORP              | US        |   4396000 | PA      | $4307221.64   | 0.34%             | 2023-08-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                               | COREBRIDGE FINANC V/R 12/15/52              | CUSIP: 21871XAN9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |  22150000 | PA      | $22065391.21  | 1.76%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                                  | CREDIT SUISSE GROUP V/R /PERP/              | CUSIP: 225401AX6<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |   6400000 | PA      | $6224000.00   | 0.50%             | 2500-12-31      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Dairy Farmers of America Inc                                                            | DAIRY FARMERS OF 7.125% /PERP/              | CUSIP: 23385HAA7<br>LEI: 1LTUIZEFFT7MUIERI838 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5175000.00   | 0.41%             | 2500-12-31      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                     | DOMINION ENERGY INC V/R /PERP/              | CUSIP: 25746UDD8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    990000 | PA      | $928521.00    | 0.07%             | 2500-12-31      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER L V/R 11/01/66              | CUSIP: 29273RBA6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  12530000 | PA      | $10108109.50  | 0.81%             | 2066-11-01      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                       | ENTERPRISE PRODUC V/R 06/01/67              | CUSIP: 29379VAN3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |  13399000 | PA      | $11926114.93  | 0.95%             | 2067-06-01      | Floating      | 7.54%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                          | ING GROEP NV V/R /PERP/                     | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  16092000 | PA      | $15240169.98  | 1.22%             | 2500-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kuvare United States Holdings Inc                                                       | KUVARE US HOLDING V/R 02/17/51              | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | DBT              | CORP              | US        |   8183000 | PA      | $8305745.00   | 0.66%             | 2051-02-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Land O'Lakes Inc.                                                                       | LAND O'LAKES INC 7.25% /PERP/               | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $8900000.00   | 0.71%             | 2500-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                            | UBS GROUP AG V/R /PERP/                     | CUSIP: 902613AJ7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $9014000.00   | 0.72%             | 2500-12-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UBS Group Funding (Switzerland) AG                                                      | UBS GROUP AG V/R /PERP/                     | CUSIP: 90352JAF0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    465000 | PA      | $463242.30    | 0.04%             | 2500-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                            | UBS GROUP AG V/R /PERP/                     | CUSIP: H42097BR7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   9200000 | PA      | $8752006.00   | 0.70%             | 2500-12-31      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                          | BNP PARIBAS V/R /PERP/                      | CUSIP: 05565AAN3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1285000 | PA      | $1293680.18   | 0.10%             | 2500-12-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                          | BNP PARIBAS V/R /PERP/                      | CUSIP: 05565AHN6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4748000 | PA      | $4700520.00   | 0.38%             | 2500-12-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                     | BANK OF NOVA SCOT V/R 10/27/82              | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  15720000 | PA      | $16749192.17  | 1.34%             | 2082-10-27      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                                                     | BANK OF NOVA SCOTIA V/R /PERP/              | CUSIP: 064159VJ2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   3800000 | PA      | $3699908.00   | 0.30%             | 2500-12-31      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                            | BARCLAYS PLC V/R /PERP/                     | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  14845000 | PA      | $14943719.25  | 1.20%             | 2500-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                                | LLOYDS BANKING GROU V/R /PERP/              | CUSIP: 53944YAJ2<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  13045000 | PA      | $12747541.13  | 1.02%             | 2500-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Nordea Bank ABP                                                                         | NORDEA BANK ABP V/R /PERP/                  | CUSIP: 65559CAA9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  23800000 | PA      | $23591750.00  | 1.89%             | 2500-12-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Old National Bancorp                                                                    | OLD NATL BANCORP /PFD/                      | CUSIP: 68003D204<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |     30996 | NS      | $800626.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd.                                                                | QBE INSURANCE GROUP V/R /PERP/              | CUSIP: 74728GAE0<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |  12900000 | PA      | $12738750.00  | 1.02%             | 2500-12-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                            | SOUTHERN CO 4.95% 01/30/80                  | CUSIP: 842587800<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |     61678 | NS      | $1391455.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield BRP Holdings (Canada) Inc                                                    | BROOKFIELD BRP HOLDINGS /PFD/               | CUSIP: 11259P109<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |    245850 | NS      | $4368754.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                                                           | ENBRIDGE INC V/R 01/15/77                   | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  21262000 | PA      | $20222999.20  | 1.62%             | 2077-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                               | TORONTO-DOMINION  V/R 10/31/82              | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  15600000 | PA      | $16594500.00  | 1.33%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| TransCanada Trust                                                                       | TRANSCANADA TRUST V/R 03/07/82              | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |   6450000 | PA      | $5780812.50   | 0.46%             | 2082-03-07      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                           | ENBRIDGE INC V/R 03/01/78                   | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |  27810000 | PA      | $26490409.10  | 2.12%             | 2078-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER L P                         | CUSIP: 29273V506<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |      1879 | NS      | $45453.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Cellular Corporation                                                      | UNITED STATES 6.25% 09/01/69                | CUSIP: 911684702<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |     75137 | NS      | $1486209.86   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorporation                                                         | WESTERN ALLIANCE BANCORP /PFD/              | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |     56662 | NS      | $1216533.14   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Finance LLC                                                                     | CARLYLE FINANCE 4.625% 5/15/61              | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    476991 | NS      | $9196386.48   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Company                                                                      | DTE ENERGY CO 5.25% 12/01/77                | CUSIP: 233331859<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |     15000 | NS      | $372000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation                                                          | WINTRUST FINANCIAL CORP /PFD/               | CUSIP: 97650W504<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    187048 | NS      | $4872600.40   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                                                                         | DANSKE BANK A/S V/R /PERP/                  | CUSIP: K22274H96<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   6740000 | PA      | $6563277.20   | 0.52%             | 2500-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Nustar Logistics, L.P.                                                                  | NUSTAR LOGISTICS LP /PFD/                   | CUSIP: 67059T204<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | EP               | CORP              | US        |      9450 | NS      | $236911.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Capital Group LLC                                                               | OAKTREE CAPITAL GRP LLC /PFD/               | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |      6178 | NS      | $147715.98    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                                                      | ENERGY TRANSFER L P /PFD/                   | CUSIP: 29273V605<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    550446 | NS      | $13210704.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ft Real Estate Secs Co                                                                  | FT REAL ESTATE SECS /PFD//RES/              | CUSIP: 302663208<br>LEI: 529900HEKOENJHPNN480 | Long             | EP               | CORP              | US        |        12 | NS      | $14016000.00  | 1.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Danske Bank A/S                                                                         | DANSKE BANK A/S V/R /PERP/                  | CUSIP: K222736J8<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   7080000 | PA      | $6916275.00   | 0.55%             | 2500-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UBS Group Funding (Switzerland) AG                                                      | UBS GROUP AG V/R /PERP/                     | CUSIP: H4209UAN6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4800000 | PA      | $4777560.00   | 0.38%             | 2500-12-31      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PacWest Bancorp                                                                         | PACWEST BANCORP /PFD/                       | CUSIP: 695263202<br>LEI: 549300YI8VMFO7G36V04 | Long             | EP               | CORP              | US        |    192617 | NS      | $4984927.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Scentre Group Trust 2                                                                   | SCENTRE GROUP TRU V/R 09/24/80              | CUSIP: 76025LAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |   5950000 | PA      | $5242441.65   | 0.42%             | 2080-09-24      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                                                                | QBE INSURANCE GRO V/R 06/17/46              | CUSIP: Q7787GAE0<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $1951730.00   | 0.16%             | 2046-06-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Lancashire Holdings Limited                                                             | LANCASHIRE HOLDIN V/R 09/18/41              | CUSIP: G5361WAB0<br>LEI: 5493002UNUYXLHOWF752 | Long             | DBT              | CORP              | BM        |   9500000 | PA      | $7917024.50   | 0.63%             | 2041-09-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd.                                                                | QBE INSURANCE GRO V/R 12/02/44              | CUSIP: Q78063AG1<br>LEI: 549300D2FBW76FPUSG65 | Long             | DBT              | CORP              | AU        |   9765000 | PA      | $9754773.90   | 0.78%             | 2044-12-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                                           | ASPEN INSURANCE HLDG /PFD/                  | CUSIP: G05384204<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    346650 | NS      | $7647099.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                                                         | PINNACLE FINANCIAL PARTN /PFD/              | CUSIP: 72346Q302<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EP               | CORP              | US        |    270910 | NS      | $6951550.60   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Property Partners LP                                                         | BROOKFIELD PROPERTY PART /PFD/              | CUSIP: G16249156<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | US        |    388145 | NS      | $7712441.15   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Property Preferred Lp                                                        | BROOKFIELD PPTY /PFD/                       | CUSIP: G1624R107<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |    398983 | NS      | $7592646.49   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial, Inc.                                                              | PRUDENTIAL FIN 5.95% 09/01/62               | CUSIP: 744320870<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |    285288 | NS      | $7274844.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Qwest Corporation                                                                       | QWEST CORP 6.5% 9/1/56                      | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |    136219 | NS      | $2806111.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust V                                                                             | SCE TRUST V PREFERRED                       | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     81831 | NS      | $1819103.13   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                                                                   | WELLS FARGO & CO PREF /PFD/                 | CUSIP: 949746556<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    102268 | NS      | $2497384.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Farm Credit Bank of Texas                                                               | FARM CREDIT BK OF T V/R /PERP/              | CUSIP: 30767EAC3<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | USGSE             | US        |   3450000 | PA      | $3122250.00   | 0.25%             | 2500-12-31      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Farm Credit Bank of Texas                                                               | FARM CREDIT BK OF T V/R /PERP/              | CUSIP: 30767EAD1<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | DBT              | USGSE             | US        |   7500000 | PA      | $7050000.00   | 0.56%             | 2500-12-31      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Assured Guaranty Municipal Holdings Inc                                                 | ASSURED GUARANTY  V/R 12/15/66              | CUSIP: 31769PAB6<br>LEI: 549300WKHOG7BKB8MS12 | Long             | DBT              | CORP              | US        |   5150000 | PA      | $4913151.50   | 0.39%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                               | GOLDMAN SACHS GROUP V/R /PERP/              | CUSIP: 38144GAB7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288616.96    | 0.02%             | 2500-12-31      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                           | NISOURCE INC V/R /PERP/                     | CUSIP: 65473PAG0<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |  10400000 | PA      | $10140596.34  | 0.81%             | 2500-12-31      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc                                                        | PNC FINANCIAL SERVI V/R /PERP/              | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2673032.00   | 0.21%             | 2500-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc                                                        | PNC FINANCIAL SERVI V/R /PERP/              | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  16480000 | PA      | $16526144.00  | 1.32%             | 2500-12-31      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                              | PRUDENTIAL FINANC V/R 09/01/52              | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |  16684000 | PA      | $16665079.01  | 1.33%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SVB Financial Group                                                                     | SVB FINANCIAL GROUP V/R /PERP/              | CUSIP: 78486QAJ0<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |  10461341 | PA      | $8388620.23   | 0.67%             | 2500-12-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SVB Financial Group                                                                     | SVB FINANCIAL GROUP V/R /PERP/              | CUSIP: 78486QAP6<br>LEI: 549300D2KJ20JMXE7542 | Long             | DBT              | CORP              | US        |  14346000 | PA      | $11489711.40  | 0.92%             | 2500-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Apollo Management Holdings, L.P.                                                        | APOLLO MANAGEMENT V/R 01/14/50              | CUSIP: 03765HAE1<br>LEI: 5493006XQW0V5K38YM64 | Long             | DBT              | CORP              | US        |  12296000 | PA      | $10579632.47  | 0.85%             | 2050-01-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Ares Finance Co III LLC                                                                 | ARES FINANCE CO V/R 06/30/51                | CUSIP: 04018VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9300000 | PA      | $7211457.71   | 0.58%             | 2051-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                          | CHARLES SCHWAB CORP V/R /PERP/              | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2128500.00   | 0.17%             | 2500-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                                  | SEMPRA ENERGY V/R 04/01/52                  | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |  24890000 | PA      | $21824705.40  | 1.75%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Farm Credit Bank of Texas                                                               | FARM CREDIT BK OF TEXAS /PFD/               | CUSIP: 30767E406<br>LEI: V1EBJIOLRNYDHDF63Z33 | Long             | EP               | USGSE             | US        |     52000 | NS      | $5203250.00   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                     | MB FINANCIAL INC SER C /PFD/                | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     40000 | NS      | $999600.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                                                                           | ASSURANT INC V/R 03/27/48                   | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |  17585000 | PA      | $17484328.16  | 1.40%             | 2048-03-27      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Axis Specialty Finance LLC                                                              | AXIS SPECIALTY FI V/R 01/15/40              | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9932000 | PA      | $8456513.30   | 0.68%             | 2040-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                          | BNP PARIBAS V/R /PERP/                      | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   8940000 | PA      | $9275250.00   | 0.74%             | 2500-12-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                          | BNP PARIBAS V/R /PERP/                      | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4000000 | PA      | $4354000.00   | 0.35%             | 2500-12-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                          | BNP PARIBAS V/R /PERP/                      | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  10400000 | PA      | $8533290.06   | 0.68%             | 2500-12-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BNSF Funding Trust I                                                                    | BNSF FUNDING TRUS V/R 12/15/55              | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3844000 | PA      | $3709460.00   | 0.30%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                             | BANK OF AMERICA COR V/R /PERP/              | CUSIP: 060505EH3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $5911092.00   | 0.47%             | 2500-12-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                            | BARCLAYS PLC V/R /PERP/                     | CUSIP: 06738EBG9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  41015000 | PA      | $40963731.25  | 3.28%             | 2500-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                                                    | CREDIT AGRICOLE SA V/R /PERP/               | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  28240000 | PA      | $29204254.80  | 2.34%             | 2500-12-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                                                    | MACQUARIE BANK LOND V/R /PERP/              | CUSIP: 556079AB7<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $1842723.54   | 0.15%             | 2500-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                   | SOCIETE GENERALE V/R /PERP/                 | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  20300000 | PA      | $21847875.00  | 1.75%             | 2500-12-31      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                                      | SOUTHERN CAL EDISON V/R 12/31/49 /PERP/     | CUSIP: 842400FU2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   5110000 | PA      | $5071675.00   | 0.41%             | 2500-12-31      | Floating      | 8.64%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                                      | FORD MOTOR COMP 6.5% 08/15/62               | CUSIP: 345370811<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |    183711 | NS      | $4477037.07   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                                                                    | GLOBAL NET LEASE INC /PFD/                  | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    168343 | NS      | $4023397.70   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Companies Inc                                                                   | PHOENIX CO 7.45% 1/15/32 PFD                | CUSIP: 71902E208<br>LEI: 549300Q3ENSFI87YLC32 | Long             | EP               | CORP              | US        |    193528 | NS      | $3476246.70   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Incorporated                                              | REINSURANCE GRP OF AMER /PFD/               | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |         2 | NS      | $53.28        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                                                  | SEMPRA ENER 5.75% 7/1/79 /PFD/              | CUSIP: 816851604<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |     38067 | NS      | $939493.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Signature Bank                                                                          | SIGNATURE BANK NEW YORK /PFD/               | CUSIP: 82669G203<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | EP               | CORP              | US        |    601435 | NS      | $11403207.60  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co.                                                                            | SOUTHERN CO V/R 01/15/51                    | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    210000 | PA      | $200304.30    | 0.02%             | 2051-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                            | SOUTHERN CO V/R 09/15/51                    | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1929000 | PA      | $1683720.24   | 0.13%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| South Jersey Industries Inc                                                             | SOUTH JERSEY INDUSTRIES /PFD/               | CUSIP: 838518207<br>LEI: 549300DJYWYT5VXLFA46 | Long             | EP               | CORP              | US        |    197017 | NS      | $3110898.43   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                                                                  | STANDARD CHARTERED  V/R /PERP/              | CUSIP: 853254CM0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   9200000 | PA      | $9453000.00   | 0.76%             | 2500-12-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| United States Cellular Corporation                                                      | US CELLULAR CORP /PFD/                      | CUSIP: 911684884<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |    253239 | NS      | $4738101.69   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                                                                   | WELLS FARGO & COMPANY /PFD/CV               | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     24423 | NS      | $30723889.77  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                          | TEXAS CAPITAL BAN V/R 05/06/31              | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |   2779000 | PA      | $2531409.44   | 0.20%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Voya Financial Inc                                                                      | VOYA FINANCIAL INC V/R /PERP/               | CUSIP: 929089AG5<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   2224000 | PA      | $2222665.60   | 0.18%             | 2500-12-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company                                                                   | WELLS FARGO & COMPANY /PFD/                 | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     52897 | NS      | $1141517.26   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Company                                                                   | WELLS FARGO & COMPANY /PFD/                 | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     43147 | NS      | $916010.81    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                                                                  | STANDARD CHARTERED  V/R /PERP/              | CUSIP: 853254AC4<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |     65000 | PA      | $65333.85     | 0.01%             | 2500-12-31      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                                                           | ASPEN INSURANCE HLDG LTD /PFD/              | CUSIP: G05384162<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     66549 | NS      | $1472063.88   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| EFG International AG                                                                    | EFG INTERNATIONAL A V/R /PERP/              | CUSIP: H2078CAB4<br>LEI: 506700PR1R98BSF81139 | Long             | DBT              | CORP              | CH        |   7850000 | PA      | $7144559.75   | 0.57%             | 2500-12-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                                      | ATHENE HOLDING LTD /PFD/                    | CUSIP: G0684D305<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | BM        |     43928 | NS      | $1118846.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners LP                                                   | BROOKFIELD INFRASTRUCTUR /PFD/              | CUSIP: G16252267<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | BM        |     84780 | NS      | $1708317.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisconsin Public Service Corporation                                                    | INTEGRYS EN V/R 8/1/73 /PFD/                | CUSIP: 45822P204<br>LEI: 549300J4VEJBU9YKTV37 | Long             | EP               | CORP              | US        |    670375 | NS      | $16491225.00  | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                    | JPMORGAN CHASE & CO /PFD/                   | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    156776 | NS      | $3369116.24   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners L P                                                       | BROOKFIELD RENEWABLE PAR /PFD/              | CUSIP: G16258231<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EP               | CORP              | BM        |    161321 | NS      | $3386127.79   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                                                             | RENAISSANCERE HOLDINGS L /PFD/              | CUSIP: G7498P127<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |    126317 | NS      | $2296443.06   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                                    | JPMORGAN CHASE & CO /PFD/                   | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |      1417 | NS      | $30040.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Group Finance Company IX LLC                                                        | KKR GROUP FIN CO IX LLC /PFD/               | CUSIP: 48253M104<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    269834 | NS      | $5334618.18   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Danske Bank A/S                                                                         | DANSKE BANK A/S V/R /PERP/                  | CUSIP: K2227DL59<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   3000000 | PA      | $2646195.00   | 0.21%             | 2500-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                 | KEYCORP /PFD/                               | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    166790 | NS      | $4274827.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corporation                                                            | LINCOLN NATIONAL CORP /PFD/                 | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |    379619 | NS      | $10914046.25  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                          | MORGAN STANLEY /PFD/                        | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     59310 | NS      | $1544432.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                                                       | NATIONAL STORAGE AFF /PFD/                  | CUSIP: 637870205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     17466 | NS      | $438221.94    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NuStar Energy LP                                                                        | NUSTAR ENERGY LP PREFERRED                  | CUSIP: 67058H201<br>LEI: 5493003BMLTUIEG2LG44 | Long             | EP               | CORP              | US        |    216564 | NS      | $5418431.28   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Scentre Group Trust 2                                                                   | SCENTRE GROUP TRU V/R 09/24/80              | CUSIP: 76025LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AU        |    600000 | PA      | $560624.00    | 0.04%             | 2080-09-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** First Trust Intermediate Duration Preferred & Income Fund

**Signature:** Donald P. Swade

**Name of Signer:** First Trust Intermediate Duration Preferred & Income Fund

**Title:** Treasurer, Chief Financial Officer and Chief Accounting Officer