# EDGAR Filing Document

**Accession Number:** 0001619899
**File Stem:** 0001214659-23-002270
**Filing Date:** 2023-2
**Character Count:** 21567
**Document Hash:** 42889c31190d677111de5593df225c2b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-23-002270.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001214659-23-002270

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Bramshill Investments, LLC
- **CENTRAL INDEX KEY:** 0001619899
- **IRS NUMBER:** 900848671
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-18128
- **FILM NUMBER:** 23626858

**BUSINESS ADDRESS:**
- **STREET 1:** 801 LAUREL OAK DR.
- **STREET 2:** SUITE 300A
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34108
- **BUSINESS PHONE:** 2399207310

**MAIL ADDRESS:**
- **STREET 1:** 801 LAUREL OAK DR.
- **STREET 2:** SUITE 300A
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34108

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Bramshill Investments LLC<br>**Address:** 801 LAUREL OAK DR.<br>SUITE 300A<br>NAPLES, FL 34108

**Form 13F File Number:** 028-18128

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Arthur DeGaetano<br>**Title:** Chief Investment Officer<br>**Phone:** 201-708-8150

**Signature, Place, and Date of Signing:**

/s/ Arthur DeGaetano  Naples, FL  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 142

**Form 13F Information Table Value Total:** $852084092

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| iShares iBoxx High Yield Corpo | EXCHANGE TRADED FUND | 464288513 | BBG000R2T3H9 | 15158724 | 205877 | SH |  | SOLE |  | 205877 | 0 | 0 |
| Nuveen AMT-Free Quality Munici | EXCHANGE TRADED FUND | 670657105 | BBG000PC4J09 | 55280133 | 4861929 | SH |  | SOLE |  | 4861929 | 0 | 0 |
| Nuveen Quality Municipal Incom | EXCHANGE TRADED FUND | 67066V101 | BBG000BWLKT7 | 69422315 | 5883247 | SH |  | SOLE |  | 5883247 | 0 | 0 |
| BlackRock MuniYield Quality Fu | EXCHANGE TRADED FUND | 09254E103 | BBG000CR6303 | 28954186 | 2582889 | SH |  | SOLE |  | 2582889 | 0 | 0 |
| Vail Resorts Inc | COMMON STOCK | 91879Q109 | BBG000BCMWM1 | 1592655 | 6682 | SH |  | SOLE |  | 6682 | 0 | 0 |
| BlackRock Credit Allocation In | EXCHANGE TRADED FUND | 092508100 | BBG000QHYF20 | 5076513 | 502625 | SH |  | SOLE |  | 502625 | 0 | 0 |
| Global Partners LP/MA | COMMON STOCK | 37946R109 | BBG000GJQQ22 | 1879805 | 54064 | SH |  | SOLE |  | 54064 | 0 | 0 |
| Annaly Capital Management Inc | COMMON STOCK | 035710839 | BBG000BJFJ98 | 2775203 | 131651 | SH |  | SOLE |  | 131651 | 0 | 0 |
| Invesco Trust for Investment G | EXCHANGE TRADED FUND | 46131M106 | BBG000CQLM15 | 20012696 | 1991313 | SH |  | SOLE |  | 1991313 | 0 | 0 |
| NIKE Inc | COMMON STOCK | 654106103 | BBG000C5HS04 | 748162 | 6394 | SH |  | SOLE |  | 6394 | 0 | 0 |
| Eaton Vance Municipal Bond Fun | EXCHANGE TRADED FUND | 27827X101 | BBG000BD7C95 | 30961223 | 2979906 | SH |  | SOLE |  | 2979906 | 0 | 0 |
| Invesco Municipal Trust | EXCHANGE TRADED FUND | 46131J103 | BBG000BG4S05 | 17476708 | 1765324 | SH |  | SOLE |  | 1765324 | 0 | 0 |
| Kraft Heinz Co/The | COMMON STOCK | 500754106 | BBG005CPNTQ2 | 3368915 | 82754 | SH |  | SOLE |  | 82754 | 0 | 0 |
| BlackRock MuniVest Fund Inc | EXCHANGE TRADED FUND | 09253R105 | BBG000BB8QS6 | 20620476 | 2941580 | SH |  | SOLE |  | 2941580 | 0 | 0 |
| Chesapeake Energy Corp | COMMON STOCK | 165167735 | BBG00Z6DX554 | 4915356 | 52086 | SH |  | SOLE |  | 52086 | 0 | 0 |
| Invesco Municipal Opportunity | EXCHANGE TRADED FUND | 46132C107 | BBG000CT8BC6 | 43155959 | 4354789 | SH |  | SOLE |  | 4354789 | 0 | 0 |
| Pfizer Inc | COMMON STOCK | 717081103 | BBG000BR2B91 | 3379124 | 65947 | SH |  | SOLE |  | 65947 | 0 | 0 |
| abrdn Global Premier Propertie | EXCHANGE TRADED FUND | 00302L108 | BBG000R204N1 | 403966 | 103581 | SH |  | SOLE |  | 103581 | 0 | 0 |
| Walt Disney Co/The | COMMON STOCK | 254687106 | BBG000BH4R78 | 1519357 | 17488 | SH |  | SOLE |  | 17488 | 0 | 0 |
| iShares iBonds Dec 2025 Term C | EXCHANGE TRADED FUND | 46434VBD1 | BBG0088JX9G9 | 373239 | 15347 | SH |  | SOLE |  | 15347 | 0 | 0 |
| Western Asset High Yield Defin | EXCHANGE TRADED FUND | 95768B107 | BBG000BG4925 | 28244112 | 2263150 | SH |  | SOLE |  | 2263150 | 0 | 0 |
| BlackRock Corporate High Yield | EXCHANGE TRADED FUND | 09255P107 | BBG000KS8391 | 38325590 | 4385079 | SH |  | SOLE |  | 4385079 | 0 | 0 |
| San Juan Basin Royalty Trust | COMMON STOCK | 798241105 | BBG000BT1MR4 | 1756944 | 153848 | SH |  | SOLE |  | 153848 | 0 | 0 |
| New Fortress Energy Inc | COMMON STOCK | 644393100 | BBG00MJH9LC4 | 3320722 | 78282 | SH |  | SOLE |  | 78282 | 0 | 0 |
| First Trust High Income Long/S | EXCHANGE TRADED FUND | 33738E109 | BBG0016T3M78 | 11724434 | 1023968 | SH |  | SOLE |  | 1023968 | 0 | 0 |
| BlackRock MuniVest Fund II Inc | EXCHANGE TRADED FUND | 09253T101 | BBG000BH0D73 | 223839 | 21420 | SH |  | SOLE |  | 21420 | 0 | 0 |
| BlackRock Limited Duration Inc | EXCHANGE TRADED FUND | 09249W101 | BBG000PLYMY2 | 9403172 | 719447 | SH |  | SOLE |  | 719447 | 0 | 0 |
| Sibanye Stillwater Ltd | COMMON STOCK | 82575P107 | BBG00RRGP445 | 1781563 | 167126 | SH |  | SOLE |  | 167126 | 0 | 0 |
| Cheniere Energy Partners LP | COMMON STOCK | 16411Q101 | BBG000QMH637 | 1669874 | 29363 | SH |  | SOLE |  | 29363 | 0 | 0 |
| Entergy Corp | COMMON STOCK | 29364G103 | BBG000C1FQS9 | 1902038 | 16907 | SH |  | SOLE |  | 16907 | 0 | 0 |
| Honeywell International Inc | COMMON STOCK | 438516106 | BBG000H556T9 | 106208 | 491 | SH |  | SOLE |  | 491 | 0 | 0 |
| Avangrid Inc | COMMON STOCK | 05351W103 | BBG00B8NWRF5 | 2815620 | 65510 | SH |  | SOLE |  | 65510 | 0 | 0 |
| UnitedHealth Group Inc | COMMON STOCK | 91324P102 | BBG000CH5208 | 92393 | 197 | SH |  | SOLE |  | 197 | 0 | 0 |
| AbbVie Inc | COMMON STOCK | 00287Y109 | BBG0025Y4RY4 | 1950956 | 12072 | SH |  | SOLE |  | 12072 | 0 | 0 |
| Dominion Energy Inc | COMMON STOCK | 25746U109 | BBG000BGVW60 | 2121243 | 34593 | SH |  | SOLE |  | 34593 | 0 | 0 |
| American Electric Power Co Inc | COMMON STOCK | 025537101 | BBG000BB9KF2 | 1899190 | 20002 | SH |  | SOLE |  | 20002 | 0 | 0 |
| VanEck Gold Miners ETF/USA | EXCHANGE TRADED FUND | 92189F106 | BBG000PLNQN7 | 76293 | 2662 | SH |  | SOLE |  | 2662 | 0 | 0 |
| Kimbell Royalty Partners LP | COMMON STOCK | 49435R102 | BBG00FQH6MJ5 | 1826596 | 109377 | SH |  | SOLE |  | 109377 | 0 | 0 |
| Williams Cos Inc/The | COMMON STOCK | 969457100 | BBG000BWVCP8 | 2266744 | 68898 | SH |  | SOLE |  | 68898 | 0 | 0 |
| CVR Partners LP | COMMON STOCK | 126633205 | BBG001CBC4Y0 | 1697086 | 16873 | SH |  | SOLE |  | 16873 | 0 | 0 |
| BlackRock Municipal Income Fun | EXCHANGE TRADED FUND | 09253X102 | BBG000PRJYW2 | 92068 | 8126 | SH |  | SOLE |  | 8126 | 0 | 0 |
| IBM | COMMON STOCK | 459200101 | BBG000BLNNH6 | 2953759 | 20965 | SH |  | SOLE |  | 20965 | 0 | 0 |
| American Tower Corp | COMMON STOCK | 03027X100 | BBG000B9XYV2 | 45817 | 194 | SH |  | SOLE |  | 194 | 0 | 0 |
| ProShares UltraShort 20 PLUS Year | EXCHANGE TRADED FUND | 74347B201 | BBG000FBND22 | 119438 | 3675 | SH |  | SOLE |  | 3675 | 0 | 0 |
| BlackRock Municipal 2030 Targe | EXCHANGE TRADED FUND | 09257P105 | BBG003BPLZZ6 | 144282 | 6777 | SH |  | SOLE |  | 6777 | 0 | 0 |
| Arch Resources Inc | COMMON STOCK | 03940R107 | BBG00DZB5D77 | 1660362 | 11628 | SH |  | SOLE |  | 11628 | 0 | 0 |
| Hess Midstream LP | COMMON STOCK | 428103105 | BBG00R02H8D5 | 2385462 | 79728 | SH |  | SOLE |  | 79728 | 0 | 0 |
| Oaktree Specialty Lending Corp | COMMON STOCK | 67401P405 | BBG000TKZRB3 | 1636221 | 238169 | SH |  | SOLE |  | 238169 | 0 | 0 |
| Health Care Select Sector SPDR | EXCHANGE TRADED FUND | 81369Y209 | BBG000BHVSG6 | 1295737 | 9538 | SH |  | SOLE |  | 9538 | 0 | 0 |
| Black Stone Minerals LP | COMMON STOCK | 09225M101 | BBG008B5CF29 | 1718378 | 101860 | SH |  | SOLE |  | 101860 | 0 | 0 |
| Agnico Eagle Mines Ltd | COMMON STOCK | 008474108 | BBG000DLVDK3 | 1825057 | 35104 | SH |  | SOLE |  | 35104 | 0 | 0 |
| Deere  Co | COMMON STOCK | 244199105 | BBG000BH1NH9 | 312566 | 729 | SH |  | SOLE |  | 729 | 0 | 0 |
| BlackRock TCP Capital Corp | COMMON STOCK | 09259E108 | BBG001P0TNW2 | 1779366 | 137509 | SH |  | SOLE |  | 137509 | 0 | 0 |
| Invesco Value Municipal Income | EXCHANGE TRADED FUND | 46132P108 | BBG000BWHD72 | 87579 | 7268 | SH |  | SOLE |  | 7268 | 0 | 0 |
| Utilities Select Sector SPDR F | EXCHANGE TRADED FUND | 81369Y886 | BBG000BJ7G75 | 151646 | 2151 | SH |  | SOLE |  | 2151 | 0 | 0 |
| AGCO Corp | COMMON STOCK | 001084102 | BBG000DCCZW2 | 994962 | 7174 | SH |  | SOLE |  | 7174 | 0 | 0 |
| Lululemon Athletica Inc | COMMON STOCK | 550021109 | BBG000R8ZVD1 | 300837 | 939 | SH |  | SOLE |  | 939 | 0 | 0 |
| Sabine Royalty Trust | COMMON STOCK | 785688102 | BBG000BSL500 | 1858452 | 21749 | SH |  | SOLE |  | 21749 | 0 | 0 |
| Southwestern Energy Co | COMMON STOCK | 845467109 | BBG000BTR593 | 6 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BlackRock Debt Strategies Fund | EXCHANGE TRADED FUND | 09255R202 | BBG000BQW8K4 | 304 | 33 | SH |  | SOLE |  | 33 | 0 | 0 |
| Blackstone Senior Floating Rat | EXCHANGE TRADED FUND | 09256U105 | BBG000QFYDY4 | 4972 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| iShares iBonds Dec 2023 Term C | EXCHANGE TRADED FUND | 46434VAX8 | BBG0088JLVL7 | 75440 | 3014 | SH |  | SOLE |  | 3014 | 0 | 0 |
| Apple Inc | COMMON STOCK | 037833100 | BBG000B9XRY4 | 6886 | 53 | SH |  | SOLE |  | 53 | 0 | 0 |
| Pimco Dynamic Income Fund | EXCHANGE TRADED FUND | 72201Y101 | BBG002Q8P7Z8 | 11088 | 600 | SH |  | SOLE |  | 600 | 0 | 0 |
| Invesco Senior Income Trust | EXCHANGE TRADED FUND | 46131H107 | BBG000BS65V3 | 37013 | 9664 | SH |  | SOLE |  | 9664 | 0 | 0 |
| Antero Midstream Corp | COMMON STOCK | 03676B102 | BBG00GBNZ4M0 | 1377807 | 127693 | SH |  | SOLE |  | 127693 | 0 | 0 |
| Alphabet Inc | COMMON STOCK | 02079K305 | BBG009S39JX6 | 49762 | 564 | SH |  | SOLE |  | 564 | 0 | 0 |
| iShares MBS ETF | EXCHANGE TRADED FUND | 464288588 | BBG000QN3H90 | 111207 | 1199 | SH |  | SOLE |  | 1199 | 0 | 0 |
| Energy Select Sector SPDR Fund | EXCHANGE TRADED FUND | 81369Y506 | BBG000BJ20S2 | 142576 | 1630 | SH |  | SOLE |  | 1630 | 0 | 0 |
| Viper Energy Partners LP | COMMON STOCK | 92763M105 | BBG006G57XG0 | 1546742 | 48655 | SH |  | SOLE |  | 48655 | 0 | 0 |
| Invesco QQQ Trust Series 1 | EXCHANGE TRADED FUND | 46090E103 | BBG000BSWKH7 | 32752 | 123 | SH |  | SOLE |  | 123 | 0 | 0 |
| Global X Nasdaq 100 Covered Ca | EXCHANGE TRADED FUND | 37954Y483 | BBG00MVW9587 | 63401 | 3985 | SH |  | SOLE |  | 3985 | 0 | 0 |
| iShares Trust iShares 1-5 Year | EXCHANGE TRADED FUND | 464288646 | BBG000QN2BW8 | 370910 | 7445 | SH |  | SOLE |  | 7445 | 0 | 0 |
| Blackstone Strategic Credit Fu | EXCHANGE TRADED FUND | 09257R101 | BBG002W5R785 | 158097 | 14943 | SH |  | SOLE |  | 14943 | 0 | 0 |
| Alibaba Group Holding Ltd | COMMON STOCK | 01609W102 | BBG006G2JVL2 | 59549 | 676 | SH |  | SOLE |  | 676 | 0 | 0 |
| BlackRock MuniYield Quality Fu | EXCHANGE TRADED FUND | 09254F100 | BBG000CKP7P1 | 158514 | 13665 | SH |  | SOLE |  | 13665 | 0 | 0 |
| iShares US Aerospace  Defense | EXCHANGE TRADED FUND | 464288760 | BBG000PB38X0 | 312201 | 2791 | SH |  | SOLE |  | 2791 | 0 | 0 |
| ProShares Short Russell2000 | EXCHANGE TRADED FUND | 74348A210 | BBG000BFC544 | 3149218 | 128017 | SH |  | SOLE |  | 128017 | 0 | 0 |
| Berkshire Hathaway Inc | COMMON STOCK | 084670702 | BBG000DWG505 | 981684 | 3178 | SH |  | SOLE |  | 3178 | 0 | 0 |
| Nuveen New Jersey Quality Muni | EXCHANGE TRADED FUND | 67069Y102 | BBG000D61W81 | 248374 | 21980 | SH |  | SOLE |  | 21980 | 0 | 0 |
| Invesco DB US Dollar Index Bul | EXCHANGE TRADED FUND | 46141D203 | BBG000Q7R318 | 293868 | 10567 | SH |  | SOLE |  | 10567 | 0 | 0 |
| Microsoft Corp | COMMON STOCK | 594918104 | BBG000BPH459 | 145811 | 608 | SH |  | SOLE |  | 608 | 0 | 0 |
| Simon Property Group Inc | COMMON STOCK | 828806109 | BBG000BJ2D31 | 281952 | 2400 | SH |  | SOLE |  | 2400 | 0 | 0 |
| Pioneer Natural Resources Co | COMMON STOCK | 723787107 | BBG000BXRPH1 | 1139666 | 4990 | SH |  | SOLE |  | 4990 | 0 | 0 |
| PayPal Holdings Inc | COMMON STOCK | 70450Y103 | BBG0077VNXV6 | 184246 | 2587 | SH |  | SOLE |  | 2587 | 0 | 0 |
| MP Materials Corp | COMMON STOCK | 553368101 | BBG00TJGL0F0 | 78424 | 3230 | SH |  | SOLE |  | 3230 | 0 | 0 |
| FLEX LNG Ltd | COMMON STOCK | G35947202 | BBG000R0MG54 | 2277512 | 69670 | SH |  | SOLE |  | 69670 | 0 | 0 |
| American Financial Group Inc/O | COMMON STOCK | 025932104 | BBG000DPKKK0 | 1759930 | 12820 | SH |  | SOLE |  | 12820 | 0 | 0 |
| ProShares UltraPro Short QQQ | EXCHANGE TRADED FUND | 74347G432 | BBG000QBB5Z4 | 114177 | 2114 | SH |  | SOLE |  | 2114 | 0 | 0 |
| Altria Group Inc | COMMON STOCK | 02209S103 | BBG000BP6LJ8 | 921879 | 20168 | SH |  | SOLE |  | 20168 | 0 | 0 |
| MPLX LP | COMMON STOCK | 55336V100 | BBG0035TJGV4 | 1007860 | 30690 | SH |  | SOLE |  | 30690 | 0 | 0 |
| Uber Technologies Inc | COMMON STOCK | 90353T100 | BBG002B04MT8 | 146748 | 5934 | SH |  | SOLE |  | 5934 | 0 | 0 |
| iShares iBonds Dec 2024 Term C | EXCHANGE TRADED FUND | 46434VBG4 | BBG0088JX096 | 468327 | 19178 | SH |  | SOLE |  | 19178 | 0 | 0 |
| Financial Select Sector SPDR F | EXCHANGE TRADED FUND | 81369Y605 | BBG000BJ29X7 | 850520 | 24869 | SH |  | SOLE |  | 24869 | 0 | 0 |
| Delek Logistics Partners LP | COMMON STOCK | 24664T103 | BBG0036D62Z9 | 1536283 | 33951 | SH |  | SOLE |  | 33951 | 0 | 0 |
| Gaming and Leisure Properties | COMMON STOCK | 36467J108 | BBG003MSMCS6 | 1746109 | 33521 | SH |  | SOLE |  | 33521 | 0 | 0 |
| New Mountain Finance Corp | COMMON STOCK | 647551100 | BBG000BG22J4 | 1546559 | 125025 | SH |  | SOLE |  | 125025 | 0 | 0 |
| Atlantica Sustainable Infrastr | COMMON STOCK | G0751N103 | BBG0068Q7716 | 2697252 | 104141 | SH |  | SOLE |  | 104141 | 0 | 0 |
| Western Asset High Income Oppo | EXCHANGE TRADED FUND | 95766K109 | BBG000BLHMB1 | 32050434 | 8114034 | SH |  | SOLE |  | 8114034 | 0 | 0 |
| Crestwood Equity Partners LP | COMMON STOCK | 226344208 | BBG000D3ZFH8 | 3153721 | 120417 | SH |  | SOLE |  | 120417 | 0 | 0 |
| Crown Castle Inc | COMMON STOCK | 22822V101 | BBG000FV1Z23 | 1712998 | 12629 | SH |  | SOLE |  | 12629 | 0 | 0 |
| PIMCO Enhanced Short Maturity | EXCHANGE TRADED FUND | 72201R833 | BBG000PVW5B4 | 3096032 | 31384 | SH |  | SOLE |  | 31384 | 0 | 0 |
| Newmont Corp | COMMON STOCK | 651639106 | BBG000BPWXK1 | 2974308 | 63015 | SH |  | SOLE |  | 63015 | 0 | 0 |
| Petroleo Brasileiro SA | COMMON STOCK | 71654V408 | BBG000BS6FX9 | 1108335 | 104069 | SH |  | SOLE |  | 104069 | 0 | 0 |
| Guggenheim Taxable Municipal B | EXCHANGE TRADED FUND | 401664107 | BBG00184VXQ5 | 1735240 | 106066 | SH |  | SOLE |  | 106066 | 0 | 0 |
| Ares Capital Corp | COMMON STOCK | 04010L103 | BBG000PD6X77 | 1520949 | 82347 | SH |  | SOLE |  | 82347 | 0 | 0 |
| Sabra Health Care REIT Inc | COMMON STOCK | 78573L106 | BBG000MTDW24 | 1745060 | 140391 | SH |  | SOLE |  | 140391 | 0 | 0 |
| Nuveen Credit Strategies Incom | EXCHANGE TRADED FUND | 67073D102 | BBG000PS9HF7 | 1792673 | 352195 | SH |  | SOLE |  | 352195 | 0 | 0 |
| Enterprise Products Partners L | COMMON STOCK | 293792107 | BBG000BR3012 | 1543680 | 64000 | SH |  | SOLE |  | 64000 | 0 | 0 |
| FS KKR Capital Corp | COMMON STOCK | 302635206 | BBG001YCZP63 | 1133685 | 64782 | SH |  | SOLE |  | 64782 | 0 | 0 |
| NextEra Energy Partners LP | COMMON STOCK | 65341B106 | BBG006JNW321 | 3275937 | 46739 | SH |  | SOLE |  | 46739 | 0 | 0 |
| BlackRock MuniHoldings Fund In | EXCHANGE TRADED FUND | 09253N104 | BBG000BBX3V5 | 11494577 | 946835 | SH |  | SOLE |  | 946835 | 0 | 0 |
| Nuveen Taxable Municipal Incom | EXCHANGE TRADED FUND | 67074C103 | BBG000QCLLQ6 | 3258027 | 204137 | SH |  | SOLE |  | 204137 | 0 | 0 |
| Clearway Energy Inc | COMMON STOCK | 18539C204 | BBG008LJ4TF3 | 3116217 | 97779 | SH |  | SOLE |  | 97779 | 0 | 0 |
| Sunoco LP | COMMON STOCK | 86765K109 | BBG00358K8S0 | 1685469 | 39106 | SH |  | SOLE |  | 39106 | 0 | 0 |
| USA Compression Partners LP | COMMON STOCK | 90290N109 | BBG001QYKF35 | 2028581 | 103870 | SH |  | SOLE |  | 103870 | 0 | 0 |
| AT Inc | COMMON STOCK | 00206R102 | BBG000BSJK37 | 3345392 | 181716 | SH |  | SOLE |  | 181716 | 0 | 0 |
| CrossAmerica Partners LP | COMMON STOCK | 22758A105 | BBG002Z9XD93 | 1599071 | 80639 | SH |  | SOLE |  | 80639 | 0 | 0 |
| Apollo Commercial Real Estate | COMMON STOCK | 03762U105 | BBG000NFPF36 | 1734490 | 161198 | SH |  | SOLE |  | 161198 | 0 | 0 |
| Starwood Property Trust Inc | COMMON STOCK | 85571B105 | BBG000M1J270 | 1550608 | 84594 | SH |  | SOLE |  | 84594 | 0 | 0 |
| AGNC Investment Corp | COMMON STOCK | 00123Q104 | BBG000TJ8XZ7 | 1847651 | 178517 | SH |  | SOLE |  | 178517 | 0 | 0 |
| BlackRock Taxable Municipal Bo | EXCHANGE TRADED FUND | 09248X100 | BBG000BGFM15 | 3139582 | 186436 | SH |  | SOLE |  | 186436 | 0 | 0 |
| Magellan Midstream Partners LP | COMMON STOCK | 559080106 | BBG000BCJXW2 | 3464540 | 69001 | SH |  | SOLE |  | 69001 | 0 | 0 |
| Brookfield Renewable Partners | COMMON STOCK | G16258108 | BBG000DJKCL1 | 2586961 | 102090 | SH |  | SOLE |  | 102090 | 0 | 0 |
| Necessity Retail REIT Inc/The | COMMON STOCK | 02607T109 | BBG004Z1PW11 | 1698696 | 286458 | SH |  | SOLE |  | 286458 | 0 | 0 |
| MarketAxess Holdings Inc | COMMON STOCK | 57060D108 | BBG000BJBZ23 | 894400 | 3207 | SH |  | SOLE |  | 3207 | 0 | 0 |
| LyondellBasell Industries NV | COMMON STOCK | N53745100 | BBG000WCFV84 | 1137843 | 13704 | SH |  | SOLE |  | 13704 | 0 | 0 |
| Icahn Enterprises LP | COMMON STOCK | 451100101 | BBG000BB3080 | 3728650 | 73616 | SH |  | SOLE |  | 73616 | 0 | 0 |
| Iron Mountain Inc | COMMON STOCK | 46284V101 | BBG000KCZPC3 | 3027191 | 60726 | SH |  | SOLE |  | 60726 | 0 | 0 |
| Rithm Capital Corp | COMMON STOCK | 64828T201 | BBG003T1GM03 | 1611124 | 197200 | SH |  | SOLE |  | 197200 | 0 | 0 |
| WP Carey Inc | COMMON STOCK | 92936U109 | BBG000BCQM58 | 3340287 | 42742 | SH |  | SOLE |  | 42742 | 0 | 0 |
| Allspring Income Opportunities | EXCHANGE TRADED FUND | 94987B105 | BBG000LL9GC1 | 19351936 | 3028472 | SH |  | SOLE |  | 3028472 | 0 | 0 |
| Digital Realty Trust Inc | COMMON STOCK | 253868103 | BBG000Q5ZRM7 | 2667483 | 26603 | SH |  | SOLE |  | 26603 | 0 | 0 |
| Hannon Armstrong Sustainable I | COMMON STOCK | 41068X100 | BBG0044K5DM4 | 1691881 | 58381 | SH |  | SOLE |  | 58381 | 0 | 0 |
| Global Net Lease Inc | COMMON STOCK | 379378201 | BBG004HXD0G8 | 2482034 | 197457 | SH |  | SOLE |  | 197457 | 0 | 0 |
| First Trust Intermediate Durat | EXCHANGE TRADED FUND | 33718W103 | BBG0043KQ5K1 | 6715745 | 398088 | SH |  | SOLE |  | 398088 | 0 | 0 |
| JPMorgan Ultra-Short Income ET | EXCHANGE TRADED FUND | 46641Q837 | BBG00GP26N50 | 52525562 | 1047787 | SH |  | SOLE |  | 1047787 | 0 | 0 |
| Cohen  Steers Limited Duratio | EXCHANGE TRADED FUND | 19248C105 | BBG002YMSB22 | 14178440 | 745449 | SH |  | SOLE |  | 745449 | 0 | 0 |
| Nuveen Preferred  Income Secu | EXCHANGE TRADED FUND | 67072C105 | BBG000CR36S9 | 13156586 | 1934792 | SH |  | SOLE |  | 1934792 | 0 | 0 |
| Nuveen Preferred  Income Oppo | EXCHANGE TRADED FUND | 67073B106 | BBG000BD4GK6 | 25034646 | 3438825 | SH |  | SOLE |  | 3438825 | 0 | 0 |
| BlackRock Short Maturity Bond | EXCHANGE TRADED FUND | 46431W507 | BBG0059KNK13 | 94567606 | 1919375 | SH |  | SOLE |  | 1919375 | 0 | 0 |
| SPDR S 500 ETF Trust | EXCHANGE TRADED FUND | 78462F103 | BBG000BDTBL9 | 20842817 | 54501 | SH |  | SOLE |  | 54501 | 0 | 0 |

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