# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0000035402-25-001392
**Filing Date:** 2025-10
**Character Count:** 127652
**Document Hash:** dd3f1f021882d307b19cffaf8c66c843
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-001392.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0000035402-25-001392

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251424435

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Preferred Securities & Income ETF (Series ID: S000072125)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000227886 | Fidelity Preferred Securities & Income ETF | FPFD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Covington Trust

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Preferred Securities and Income ETF

- **b. EDGAR series identifier (if any):** S000072125

- **c. LEI of Series:** 549300ECXORNOGQYEX95

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $64377684.94

**Total Liabilities:** $280244.77

**Net Assets:** $64097440.17

**Cash Not Reported:** $22743.70

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 196.34127460 | **1-Year:** 1725.10916440 | **5-Year:** 5638.56583170 | **10-Year:** 5653.33982220 | **30-Year:** 3028.08607460

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

- **3-Month:** 84.95226000 | **1-Year:** 818.91025800 | **5-Year:** 1322.23562650 | **10-Year:** 1012.60010870 | **30-Year:** 827.24123080

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227886 | 1.56%                | 1.26%                | 1.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-14446.21               | $609115.27                                 |
| Month 2  | $17138.83                | $512318.11                                 |
| Month 3  | $95314.87                | $270831.41                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ENBRIDGE INC                                              | ENBRIDGE INC 6%/VAR 01/15/2077                                          | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |     68000 | PA      | $68185.78     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| HARTFORD INSURANCE GROUP INC/THE                          | HARTFORD INSURANCE GROUP INC/THE                                        | CUSIP: 416518603<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EP               | CORP              | US        |       300 | NS      | $7500.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA TRUST                                         | TRANSCANADA TRUST 5.6%/VAR 03/07/2082                                   | CUSIP: 89356BAG3<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    335000 | PA      | $328007.44    | 0.51%             | 2082-03-07      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                          | T-MOBILE USA INC PFD 6.25% 09/01/2069                                   | CUSIP: 87264A105<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |      8500 | NS      | $210035.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                                   | KEYCORP 6.2%/VAR PERP PFD                                               | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |      3300 | NS      | $81840.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                                           | CMS ENERGY CORP T5Y+NA 06/01/2050                                       | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145063.73    | 0.23%             | 2050-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE SER S 4.1% PFD PERP                                      | CUSIP: 74460W396<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      3400 | NS      | $56406.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MTRS FINL CO INC                                  | GENERAL MTRS FINL CO INC 5.7%/VAR PERP                                  | CUSIP: 37045XDB9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | EP               | CORP              | US        |    252000 | PA      | $247041.55    | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                            | AIR LEASE CORP 4.125%/VAR PERP                                          | CUSIP: 00912XBK9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    261000 | PA      | $255155.71    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| METLIFE INC                                               | METLIFE INC 5.625% PERP PFD                                             | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |      4500 | NS      | $110565.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE SER M 4.125% PFD PERP                                    | CUSIP: 74460W537<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      3300 | NS      | $55275.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 7.125%/VAR PERP                                           | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    220000 | PA      | $225239.08    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 6.5% PFD PERP                                            | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      9200 | NS      | $234692.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                                              | STRATEGY INC 9%/VAR PERP PFD                                            | CUSIP: 594972853<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      1600 | NS      | $156400.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                    | EQUITABLE HOLDINGS INC SER A 5.25% PFD PERP                             | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |      5700 | NS      | $122037.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                    | VENTURE GLOBAL LNG INC 9%/VAR PERP 144A                                 | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    640000 | PA      | $635546.75    | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| AT and T INC                                              | AT and T INC 5.125% PERP PFD                                            | CUSIP: 00206R508<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     18800 | NS      | $386340.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                  | COREBRIDGE FINANCIAL INC 6.375% PFD 12/15/2064                          | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |      4400 | NS      | $105732.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 4.125%/VAR PERP                           | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    779000 | PA      | $756933.34    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                       | DOMINION ENERGY INC 4.35%/VAR PERP                                      | CUSIP: 25746UDM8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EP               | CORP              | US        |    225000 | PA      | $220675.95    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                      | EDISON INTERNATIONAL 5%/VAR PERP                                        | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |    219000 | PA      | $195796.67    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC T5Y+NA 03/01/2053                                   | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263678.75    | 0.41%             | 2053-03-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                           | CVS HEALTH CORP 6.75%/VAR 12/10/2054                                    | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    429000 | PA      | $434880.73    | 0.68%             | 2054-12-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| AES CORP                                                  | AES CORP 6.95%/VAR 07/15/2055                                           | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    140000 | PA      | $135447.82    | 0.21%             | 2055-07-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| SCHWAB CHARLES CORP                                       | SCHWAB CHARLES CORP 4%/VAR PERP                                         | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    831000 | PA      | $759803.83    | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURANCE CO                            | MEIJI YASUDA LIFE INSURANCE CO USSW5+NA 10/20/2045 144A                 | CUSIP: 585270AA9<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $200060.00    | 0.31%             | 2045-10-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO LIFE INS CO                                      | SUMITOMO LIFE INS CO 4%/VAR 09/14/2077 144A                             | CUSIP: 86564CAB6<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |    270000 | PA      | $265829.23    | 0.41%             | 2077-09-14      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 4% PFD PERP                                              | CUSIP: 74460W420<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      3300 | NS      | $53229.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                    | BP CAPITAL MARKETS PLC 6.45%/VAR PERP                                   | CUSIP: 05565QDW5<br>LEI: 549300CRVT18MXX0AG93 | Long             | EP               | CORP              | GB        |    830000 | PA      | $872637.10    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 4.75% PREF PERP                             | CUSIP: 06055H871<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     11500 | NS      | $226205.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL INC                                 | BRIGHTHOUSE FINANCIAL INC SER B 6.75% PFD PERP                          | CUSIP: 10922N509<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |      3700 | NS      | $67858.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                               | METLIFE INC SER F 4.75% PFD PERP                                        | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |      6400 | NS      | $129984.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD            | SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD 7.625%/VAR 03/01/2055    | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $202916.22    | 0.32%             | 2055-03-01      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                           | CVS HEALTH CORP 7%/VAR 03/10/2055                                       | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    164000 | PA      | $170741.71    | 0.27%             | 2055-03-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                              | ENBRIDGE INC 6.25%/VAR 03/01/2078                                       | CUSIP: 29250NAW5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |    123000 | PA      | $123769.61    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 6.25%/VAR PERP                                            | CUSIP: 172967KM2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    230000 | PA      | $231390.81    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY                                          | SOUTHERN COMPANY SER A 4.95% PFD 01/30/2080                             | CUSIP: 842587800<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |      7838 | NS      | $168673.76    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORPORATN                             | WESTERN ALLIANCE BANCORPORATN                                           | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |      1500 | NS      | $34155.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST VI                                              | SCE TRUST VI 5% PFD PERP                                                | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      9975 | NS      | $168577.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD                                | RENAISSANCERE HLDGS LTD SER G 4.2% PFD PERP                             | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EP               | CORP              | BM        |      1550 | NS      | $25342.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINL CORP NEW                                     | REGIONS FINL CORP NEW 5.70%/VAR PFD PERP                                | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |      3000 | NS      | $71730.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                       | FIFTH THIRD BANCORP SER K 4.95% PFD PERP                                | CUSIP: 316773860<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |       800 | NS      | $16152.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| STIFEL FINANCIAL CORP                                     | STIFEL FINANCIAL CORP SER D 4.5% PERP PFD                               | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     13000 | NS      | $236535.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AT and T INC                                              | AT and T INC 5.35% 11/01/66 PRFD                                        | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     10600 | NS      | $239348.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                         | ENTERPRISE PRODS OPER LLC 5.25%/VAR 08/16/2077                          | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    126000 | PA      | $124675.78    | 0.19%             | 2077-08-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                    | CENTERPOINT ENERGY INC 6.7%/VAR 05/15/2055                              | CUSIP: 15189TBP1<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    138000 | PA      | $141322.76    | 0.22%             | 2055-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                                   | ENTERGY MISS 4.9% PFD 10/1/66                                           | CUSIP: 29364N108<br>LEI: FKUZOUT82DOBGXFS6K20 | Long             | EP               | CORP              | US        |      8600 | NS      | $181718.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| RAKUTEN GROUP INC                                         | RAKUTEN GROUP INC 8.125%/VAR PERP 144A                                  | CUSIP: 75102WAM0<br>LEI: 529900IMXUCQKUL1H943 | Long             | EP               | CORP              | JP        |    300000 | PA      | $308344.70    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR        | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 6.5%/VAR 01/31/2056  | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    270000 | PA      | $277751.43    | 0.43%             | 2056-01-31      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                    | BP CAPITAL MARKETS PLC T5Y+NA PERP                                      | CUSIP: 05565QDU9<br>LEI: 549300CRVT18MXX0AG93 | Long             | EP               | CORP              | GB        |    125000 | PA      | $124849.65    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                               | BNP PARIBAS 7.375%/VAR PERP 144A                                        | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EP               | CORP              | FR        |    135000 | PA      | $138809.57    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MUENCHENER RUECKVERSICHERUNGS-GESELLSCHAFT AG IN MUENCHEN | MUNICH RE GROUP 5.875%/VAR 05/23/2042 144A                              | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $206787.28    | 0.32%             | 2042-05-23      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION LTD                                         | FTAI AVIATION LTD 8.25% PFD PERP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | KY        |      4000 | NS      | $101000.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERA INC                                                 | EMERA INC 6.75%/VAR 06/15/2076                                          | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $125784.75    | 0.20%             | 2076-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                        | ENERGY TRANSFER LP 7.125%/VAR PERP                                      | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    190000 | PA      | $194974.58    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| NIPPON LIFE INS CO                                        | NIPPON LIFE INS CO 2.75%/VAR 01/21/2051 144A                            | CUSIP: 654579AH4<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $178708.64    | 0.28%             | 2051-01-21      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                        | ATHENE HOLDINGS 5.625% SER B PFD PERP                                   | CUSIP: 04686J200<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |      4300 | NS      | $90988.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CO                                             | FORD MOTOR CO 6.0% 12/01/2059 PFD                                       | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |      5300 | NS      | $112307.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP INC                             | AFFILIATED MANAGERS GRP INC 4.75% 09/30/2060 PFD                        | CUSIP: 008252843<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |      3000 | NS      | $54330.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                                   | KEYCORP 5%/VAR PERP                                                     | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    155000 | PA      | $153224.60    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SCE TRUST V                                               | SCE TRUST V 5.45%/VAR PFD PERP                                          | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1550 | NS      | $36456.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY SER O 4.5% PFD PERP                                      | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     12800 | NS      | $227456.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                          | PARAMOUNT GLOBAL 6.25%/VAR 02/28/2057                                   | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77875.66     | 0.12%             | 2057-02-28      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                                              | STRATEGY INC 8% PC PERP                                                 | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |       600 | NS      | $56730.00     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                             | DTE ENERGY CO 4.375% PFD 10/15/2080                                     | CUSIP: 233331826<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |     10425 | NS      | $184626.75    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                           | BROOKFIELD PROPERTY PARTN LP PFD 6.375% PERP                            | CUSIP: N/A<br>LEI: 5493004J5Z0TZW83NU62       | Long             | EP               | CORP              | BM        |      1700 | NS      | $25534.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                                              | STRATEGY INC SER A 10% PERP PFD                                         | CUSIP: 594972879<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      1200 | NS      | $132960.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORPORATION                                         | QWEST CORPORATION 6.5% 09/01/56 PFD                                     | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |      5900 | NS      | $116938.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                                                   | KEYCORP 5.625% PFD PERP                                                 | CUSIP: 493267868<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |      5400 | NS      | $121176.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINL CORP NEW                                     | REGIONS FINL CORP NEW VAR/6.95% PERP PFD                                | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |      3300 | NS      | $84612.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                | CAPITAL ONE FINANCIAL CORP 3.95%/VAR PERP                               | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    560000 | PA      | $548753.69    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| METLIFE INC                                               | METLIFE INC 10.75%/VAR 08/01/2069                                       | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    128000 | PA      | $171105.92    | 0.27%             | 2069-08-01      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE PARTNERS LP                     | BROOKFIELD INFRA PARTNERS LP 5.125% PFD PERP                            | CUSIP: N/A<br>LEI: 549300WEH5R2OODI7Y90       | Long             | EP               | CORP              | BM        |       825 | NS      | $14182.91     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIFIED HOLDINGS                              | COMPASS DIVERSIFIED HOLDINGS VAR PFD                                    | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |      4000 | NS      | $80400.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PREFERRED LP                          | BROOKFIELD PROPERTY PREFERRED LP 6.25% 07/26/81 PFD                     | CUSIP: N/A<br>LEI: 254900N07TR905Y0G344       | Long             | EP               | CORP              | BM        |      4700 | NS      | $74542.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                           | BROOKFIELD PROPERTY PARTN LP 5.75% PFD PERP                             | CUSIP: N/A<br>LEI: 5493004J5Z0TZW83NU62       | Long             | EP               | CORP              | BM        |      1900 | NS      | $25859.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 6.25%/VAR PERP                           | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    160000 | PA      | $161829.76    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                              | ENBRIDGE INC 5.5%/VAR 07/15/2077                                        | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |    126000 | PA      | $125475.42    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                              | NEXTERA ENERGY CAP HLDGS INC 6.7%/VAR 09/01/2054                        | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143809.40    | 0.22%             | 2054-09-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP DEL SER L 3.75% PFD PERP                                     | CUSIP: 902973734<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      3500 | NS      | $54565.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC/OH                              | HUNTINGTON BANCSHARES INC/OH 5.625%/VAR PERP                            | CUSIP: 446150AT1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |    226000 | PA      | $230343.27    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 3.4%/VAR PERP                            | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    195000 | PA      | $188587.62    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                        | ALLY FINL INC 4.7%/VAR PERP                                             | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |    685000 | PA      | $624678.49    | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP NEW                                      | DUKE ENERGY CORP NEW SER A 5.75% PFD PERP                               | CUSIP: 26441C501<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |      6400 | NS      | $158144.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 6.25%/VAR PERP                              | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    584000 | PA      | $584521.39    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE CO LTD                            | DAI-ICHI LIFE INSURANCE CO LTD 4%/VAR PERP 144A                         | CUSIP: 23380YAD9<br>LEI: 3538001235ACEIORUV72 | Long             | EP               | CORP              | JP        |    200000 | PA      | $198553.22    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| ASSURANT INC                                              | ASSURANT INC 01/15/2026 5.25% PFD                                       | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |      2500 | NS      | $51225.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                        | ENERGY TRANSFER LP T5Y+NA 05/15/2054                                    | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     35000 | PA      | $37289.35     | 0.06%             | 2054-05-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERN PIPELINE LP                              | PLAINS ALL AMERN PIPELINE LP FRN TSFR3M+437.161 PERP                    | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | EP               | CORP              | US        |    285000 | PA      | $285103.46    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLSFARGO SER CC 4.375% PFD PERP                                       | CUSIP: 95002Y202<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     15400 | NS      | $275044.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| M and T BANK CORP                                         | M and T BANK CORP 7.5% PFD PERP                                         | CUSIP: 55261F864<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |      4100 | NS      | $111028.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC                                       | DOMINION ENERGY INC 6.625%/VAR 05/15/2055                               | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512206.00    | 0.80%             | 2055-05-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP NEW                                      | DUKE ENERGY CORP 5.625% PFD 09/15/2078                                  | CUSIP: 26441C402<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |     13500 | NS      | $331020.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP                                       | NORTHERN TRUST CORP 4.6%/VAR PERP                                       | CUSIP: 665859AQ7<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |    155000 | PA      | $153668.04    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SCHWAB CHARLES CORP                                       | SCHWAB CHARLES 4.45% PERP PFD                                           | CUSIP: 808513865<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |      4500 | NS      | $87615.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PARTNER RE FIN B LLC                                      | PARTNER RE FIN B LLC T5Y+NA 10/01/2050                                  | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |     67000 | PA      | $62736.90     | 0.10%             | 2050-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC 5.7%/VAR 09/15/2048                                 | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121906.56    | 0.19%             | 2048-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 3.875%/VAR PERP                                           | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    400000 | PA      | $395332.80    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 6.625%/VAR PERP                             | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     30000 | PA      | $30885.24     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC T5Y+NA 03/01/2052                                   | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146988.95    | 0.23%             | 2052-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY SER L 4.875% PFD PERP                                    | CUSIP: 61762V804<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      5400 | NS      | $111456.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC T5Y+NA 03/15/2054                                   | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    120000 | PA      | $126127.20    | 0.20%             | 2054-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                             | DTE ENERGY CO 5.25% PFD 12/1/77 PAR= 25                                 | CUSIP: 233331859<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |      5000 | NS      | $113600.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VODAFONE GRP PLC                                          | VODAFONE GROUP PLC USSW5+NA 04/04/2079                                  | CUSIP: 92857WBQ2<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $422070.40    | 0.66%             | 2079-04-04      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC                             | APOLLO GLOBAL MANAGEMENT INC SER A PC 6.75% 07/31/2026                  | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |       800 | NS      | $57413.80     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                | CAPITAL ONE FINANCIAL CORP 4.25% PERP PFD                               | CUSIP: 14040H733<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |      3300 | NS      | $56496.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT, INC                             | APOLLO ASSET MANAGEMENT INC 07.625/VAR 09/15/53 PFD                     | CUSIP: 03769M205<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |      4100 | NS      | $107994.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                    | BP CAPITAL MARKETS PLC 4.875%/VAR PERP                                  | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | EP               | CORP              | GB        |    525000 | PA      | $520427.54    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 5.875%/VAR PERP                                          | CUSIP: 61762VAA9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    435000 | PA      | $433859.34    | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ALTAGAS LTD                                               | ALTAGAS LTD 7.2%/VAR 10/15/2054 144A                                    | CUSIP: 021361AD2<br>LEI: DR5LKEURSR8SXLM64266 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $202663.80    | 0.32%             | 2054-10-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 6%/VAR PERP                              | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    170000 | PA      | $171137.98    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| PG and E CORP                                             | PG and E CORP 7.375%/VAR 03/15/2055                                     | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    271000 | PA      | $268936.17    | 0.42%             | 2055-03-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS INC                                 | ROGERS COMMUNICATIONS INC 7%/VAR 04/15/2055                             | CUSIP: 775109DG3<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    158000 | PA      | $162073.24    | 0.25%             | 2055-04-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                    | US ULTRA BOND CBT FUT DEC25 WNZ5                                        | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         1 | NC      | $-445.23      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                  | DIGITAL RLTY TR INC SER L 5.2% PERP PFD                                 | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     12600 | NS      | $267120.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                        | ENERGY TRANSFER LP 6.625%/VAR PERP                                      | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   2120000 | PA      | $2106282.54   | 3.29%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 6.625% PFD PERP Q                                        | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     14500 | NS      | $375695.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                    | EQUITABLE HOLDINGS INC 4.3% PFD PERP                                    | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |      1000 | NS      | $17350.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW 4.25% PERP PFD                                   | CUSIP: 95002Y400<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     15800 | NS      | $279660.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CO                                             | FORD MOTOR CO                                                           | CUSIP: 345370845<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |      2600 | NS      | $56004.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AEGON FUNDING CO LLC                                      | AEGON FDG CO LLC 5.1% 12/15/2049 PFD                                    | CUSIP: 00775V104<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | EP               | CORP              | US        |      3950 | NS      | $80244.25     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 4%/VAR PERP                                               | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    285000 | PA      | $282326.24    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                       | DOMINION ENERGY INC 6%/VAR 02/15/2056                                   | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    307000 | PA      | $309983.28    | 0.48%             | 2056-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 5.85% PFD PERP                                           | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     16000 | NS      | $392640.00    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP                                       | CHARLES SCHWAB CORP NEW 5.95% PFD PERP                                  | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |      4300 | NS      | $108317.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                              | NEXTERA ENERGY CAP HLDGS INC 6.75%/VAR 06/15/2054                       | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    140000 | PA      | $147911.26    | 0.23%             | 2054-06-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 5.6% SER H PFD PERP                                      | CUSIP: 74460W644<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      1500 | NS      | $35100.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                                           | CMS ENERGY CORP 5.875% PREF 10/15/2078                                  | CUSIP: 125896852<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |      2400 | NS      | $56976.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                          | T-MOBILE USA INC PFD 5.5% 03/01/2070                                    | CUSIP: 87264A204<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |      3500 | NS      | $80605.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                         | ENTERPRISE PRODS OPER LLC 4.875%/VAR 08/16/2077                         | CUSIP: 29379VBM4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     33000 | PA      | $32991.48     | 0.05%             | 2077-08-16      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINANCIAL INC 4.125% PFD 09/01/2060                          | CUSIP: 744320888<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |      3100 | NS      | $55056.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                | CAPITAL ONE FINANCIAL CORP SER L 4.375% PFD PERP                        | CUSIP: 14040H758<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |      4900 | NS      | $83496.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON LIFE INS CO                                        | NIPPON LIFE INS CO 6.25%/VAR 09/13/2053 144A                            | CUSIP: 654579AM3<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $210758.37    | 0.33%             | 2053-09-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                                              | ASSURANT INC 7%/VAR 03/27/2048                                          | CUSIP: 04621XAK4<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62419.40     | 0.10%             | 2048-03-27      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE            | BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE 6.875%/VAR 09/15/2055    | CUSIP: 0778FPAP4<br>LEI: 549300O5ZKB2MUUSKB97 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $142983.54    | 0.22%             | 2055-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                   | KEYCORP 5.65% PFD                                                       | CUSIP: 493267876<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |      5300 | NS      | $118190.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COMPANY                                          | SOUTHERN COMPANY 3.75%/VAR 09/15/2051                                   | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393962.84    | 0.61%             | 2051-09-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 4.4%/VAR PERP                             | CUSIP: 38144GAC5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    200000 | PA      | $200693.00    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY                                          | SOUTHERN COMPANY 4.2% PFD 10/15/2060                                    | CUSIP: 842587883<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |     66098 | NS      | $1206288.50   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL                                       | SYNCHRONY FINANCIAL SER A 5.625% PFD PERP                               | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |      4600 | NS      | $90988.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 3.875% PFD PERP                                          | CUSIP: 74460W511<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      3600 | NS      | $56304.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY NEW ORLEANS LLC                                   | ENTERGY NEW ORLEANS INC 5.5% PFD 4/1/2066 25                            | CUSIP: 29364P103<br>LEI: 1Q8BAFRNDFTDI3IGJH73 | Long             | EP               | CORP              | US        |      7400 | NS      | $165982.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD            | SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD 7.5%/VAR 03/01/2055      | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    195000 | PA      | $203812.44    | 0.32%             | 2055-03-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC                          | 7.125% Fixed-Rate Rst Sbd Dbtrs due 2052                                | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |      4000 | NS      | $102240.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON LIFE INS CO                                        | NIPPON LIFE INS CO USISDA05+NA 01/20/2046 144A                          | CUSIP: 654579AE1<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $199467.90    | 0.31%             | 2046-01-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP DEL 4.5% PERP PFD                                            | CUSIP: 902973668<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      2800 | NS      | $54320.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | TRUIST FINANCIAL CORP 4.75% PERP PFD                                    | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |      5900 | NS      | $115640.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                          | T-MOBILE USA INC PFD 5.5% 06/01/2070                                    | CUSIP: 87264A303<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |      3500 | NS      | $79870.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW SER Y 5.625% PFD                                 | CUSIP: 94988U656<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      4700 | NS      | $113740.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                                           | CMS ENERGY CORP SER C 4.2% PFD PERP                                     | CUSIP: 125896837<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |      1600 | NS      | $29744.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 7.625%/VAR PERP                                           | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    220000 | PA      | $230109.00    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                | CAPITAL ONE FINANCIAL CORP SER J 5% PFD PERP                            | CUSIP: 14040H782<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |      7400 | NS      | $139712.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                      | ENTERGY ARK 4.875% PFD 9/1/66                                           | CUSIP: 29364D100<br>LEI: KYX6QEFGFXUFFAWLGG05 | Long             | EP               | CORP              | US        |      8600 | NS      | $179138.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                  | LIBERTY MUTUAL GROUP INC T5Y+NA 12/15/2051 144A                         | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147111.86    | 0.23%             | 2051-12-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | TRUIST FINL CORP SER O 5.25% PFD PERP                                   | CUSIP: 89832Q745<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |      3800 | NS      | $82650.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CADENCE BANK                                              | BANCORPSOUTH BANK 5.5% PFD PERP                                         | CUSIP: 12740C202<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EP               | CORP              | US        |      2000 | NS      | $42640.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 4% PERP PFD                                              | CUSIP: 74460W461<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     20000 | NS      | $322800.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE FINANCE LLC                                       | CARLYLE FINANCE LLC 4.625% 05/15/2061 PFD                               | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      7400 | NS      | $135568.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CELCUITY INC                                              | CELCUITY INC CONV 2.75% 08/01/2031                                      | CUSIP: 15102KAA8<br>LEI: 25490070W7UU7W2SEY87 | Long             | DBT              | CORP              | US        |     10000 | PA      | $13243.77     | 0.02%             | 2031-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 6.125%/VAR PERP                           | CUSIP: 38141GB52<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    480000 | PA      | $480811.20    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD OAKTREE HOLDINGS LLC                           | BROOKFIELD OAKTREE HOLDINGS LLC SER A 6.625% SER A PERP PFD             | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |      7000 | NS      | $152880.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LTD                                 | AXIS CAP HLDGS 5.5% PFD PERP                                            | CUSIP: 05461T305<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EP               | CORP              | BM        |      2800 | NS      | $58744.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP DEL SER K 5.5% PFD PERP                                      | CUSIP: 902973759<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      3500 | NS      | $83440.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORP                                    | WEBSTER FINL CORP WATERBURY CT 5.25% PFD PERP F                         | CUSIP: 947890505<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |       750 | NS      | $15075.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                               | METLIFE INC 6.4%/VAR 12/15/2066                                         | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    319000 | PA      | $334043.72    | 0.52%             | 2066-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST INC                                  | DIGITAL RLTY TR INC 5.25% PFD PERP                                      | CUSIP: 253868855<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |      4350 | NS      | $96135.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE CO LTD                            | DAI-ICHI LIFE INSURANCE CO LTD 6.2%/VAR PERP 144A                       | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | EP               | CORP              | JP        |    260000 | PA      | $269578.14    | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 7.5%/VAR PERP                             | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    160000 | PA      | $167957.60    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                | CAPITAL ONE FINANCIAL CORP PFD 5% PERP                                  | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |      9900 | NS      | $195525.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                         | STATE STREET CORP 6.7%/VAR PERP                                         | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |    250000 | PA      | $258743.25    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 6.85%/VAR PERP                            | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |    680000 | PA      | $700313.64    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO FRN TSFR3M+274.5 PERP                             | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   1005000 | PA      | $1008658.20   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURANCE CO                            | MEIJI YASUDA LIFE INSURANCE CO 5.8%/VAR 09/11/2054 144A                 | CUSIP: 585270AD3<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    150000 | PA      | $152754.45    | 0.24%             | 2054-09-11      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                       | AMERICAN EXPRESS CO 3.55%/VAR PERP                                      | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | EP               | CORP              | US        |    217000 | PA      | $211741.33    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| BERKLEY WR CORP                                           | BERKLEY WR CORP 4.25% PFD 09/30/2060                                    | CUSIP: 084423888<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |      5000 | NS      | $88600.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                  | COREBRIDGE FINANCIAL INC T5Y+NA 09/15/2054                              | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131589.12    | 0.21%             | 2054-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | TRUIST FINANCIAL CORP 5.1%/VAR PERP                                     | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |    403000 | PA      | $399504.06    | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                                       | NORTHERN TRUST CORP SER E 4.7% PFD PERP                                 | CUSIP: 665859856<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |      1500 | NS      | $30360.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON BANCSHARES INC/OH                              | HUNTINGTON BANCSHARES INC SER C 5.7% PFD PERP                           | CUSIP: 446150781<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |      1200 | NS      | $26892.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                      | EDISON INTERNATIONAL 7.875%/VAR 06/15/2054                              | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14828.45     | 0.02%             | 2054-06-15      | Variable      | 0.08%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE                                     | ELECTRICITE DE FRANCE T5Y+NA PERP 144A                                  | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | EP               | CORP              | FR        |    200000 | PA      | $230503.40    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| VORNADO REALTY TRUST                                      | VORNADO RLTY SR L 5.4% PFD PRP                                          | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8800 | NS      | $158488.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GRP INC                                | CITIZENS FINANCIAL GRP INC SER E 5% PFD PERP                            | CUSIP: 174610402<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |      2000 | NS      | $40120.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                              | NEXTERA ENERGY CAP HLDGS INC 6.5% 06/01/2085 PFD                        | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |      4400 | NS      | $111012.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION                                             | CUSIP: 06055H400<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     23200 | NS      | $425720.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION SER PP 4.125% PFD PERP                      | CUSIP: 06055H608<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     25500 | NS      | $438855.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO                                             | DTE ENERGY CO 4.375% 12/01/2081                                         | CUSIP: 233331818<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |      8600 | NS      | $151102.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK NEW YORK MELLON CORP                                 | BANK NEW YORK MELLON CORP 3.75%/VAR PERP                                | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     96000 | PA      | $93056.51     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                            | AIR LEASE CORP 4.65%/VAR PERP                                           | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |    300000 | PA      | $296708.94    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| SCE TRUST II                                              | SCE TRUST II 5.1% PFD PERP                                              | CUSIP: 78407R204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8331 | NS      | $142126.86    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC 5.625% 08/15/2058 PFD                               | CUSIP: 744320805<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |      3800 | NS      | $93518.00     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BP CAPITAL MARKETS PLC                                    | BP CAPITAL MARKETS PLC 6.125%/VAR PERP                                  | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | EP               | CORP              | GB        |    275000 | PA      | $280372.95    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| COMPASS DIVERSIFIED HOLDINGS                              | COMPASS DIVERSIFIED HOLDINGS SER C 7.875% PERP PFD                      | CUSIP: 20451Q401<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |      4000 | NS      | $79800.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 6.375/VAR PREF PERP                                      | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      6400 | NS      | $161408.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFICORP                                                | PACIFICORP 7.375%/VAR 09/15/2055                                        | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     81000 | PA      | $84050.52     | 0.13%             | 2055-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                    | STANDARD CHARTERED PLC 7.625%/VAR PERP 144A                             | CUSIP: 853254DF4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EP               | CORP              | GB        |    200000 | PA      | $208062.60    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 3.9% PFD PERP O                                          | CUSIP: 74460W487<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      3500 | NS      | $55160.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS OPERATING LLC                         | ENTERPRISE PRODS OPER LLC 5.375%/VAR 02/15/2078                         | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66288.61     | 0.10%             | 2078-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURANCE CO                            | MEIJI YASUDA LIFE INSURANCE CO 6.1%/VAR 06/11/2055 144A                 | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    290000 | PA      | $298653.60    | 0.47%             | 2055-06-11      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL INC                                 | BRIGHTHOUSE FINANCIAL INC                                               | CUSIP: 10922N707<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |      4000 | NS      | $59560.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK NEW YORK MELLON CORP                                 | BANK NEW YORK MELLON CORP 3.7%/VAR PERP                                 | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |   1370000 | PA      | $1347582.14   | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLSFARGO CL A SERIES Z 4.75% PFD PERP                                 | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     20800 | NS      | $404976.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                               | METLIFE INC 3.85%/VAR PERP                                              | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |    275000 | PA      | $274137.88    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES LTD                                 | TRANSCANADA PIPELINES LTD 7%/VAR 06/01/2065                             | CUSIP: 89352HBG3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $136932.53    | 0.21%             | 2065-06-01      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 4.55% PERP PFD                                    | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     22900 | NS      | $449756.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN FINL GROUP INC OHIO                              | AMERICAN FINL GROUP INC OHIO 4.5% PFD 09/15/2060                        | CUSIP: 025932864<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |      6000 | NS      | $105060.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD FIN INC                                        | BROOKFIELD CORP 4.625% PFD 10/16/2080                                   | CUSIP: 11271L102<br>LEI: 549300XH8D8K6OYWGD17 | Long             | EP               | CORP              | CA        |      2500 | NS      | $40825.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL INC                                 | BRIGHTHOUSE FINANCIAL INC 6.6% PFD PERP SER A PAR=25                    | CUSIP: 10922N301<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |      3800 | NS      | $68552.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHWAB CHARLES CORP                                       | SCHWAB CHARLES CORP 4%/VAR PERP                                         | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    200000 | PA      | $196986.76    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP DEL 5.3%/VAR PERP                                            | CUSIP: 902973AZ9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |    170000 | PA      | $169479.00    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                              | ENBRIDGE INC 8.5%/VAR 01/15/2084                                        | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1575000 | PA      | $1781662.05   | 2.78%             | 2084-01-15      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER CO INC                            | AMERICAN ELECTRIC POWER INC 3.875%/VAR 02/15/2062                       | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130881.08    | 0.20%             | 2062-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 4.625% PERP PFD                                   | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     12100 | NS      | $244541.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                                             | ALLSTATE CORP SER I 4.75% PFD PERP                                      | CUSIP: 020002812<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |      2000 | NS      | $40360.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                                             | ALLSTATE CORP SER J 7.375% PFD PERP                                     | CUSIP: 020002788<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |      4100 | NS      | $111684.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ATHENE HOLDING LTD                                        | ATHENE HOLDING LTD SER A 6.35%/VAR PFD PERP                             | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |      6000 | NS      | $149220.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                     | ENTERGY LA 4.875% PFD 9/1/66                                            | CUSIP: 29364W108<br>LEI: 0V5453U14HDZO63CGH17 | Long             | EP               | CORP              | US        |      1000 | NS      | $20710.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                                    | ARCH CAPITAL GROUP LTD SER G 4.55% PFD PERP                             | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |      2250 | NS      | $39645.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                               | VISTRA CORP 7%/VAR PERP 144A                                            | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | EP               | CORP              | US        |    470000 | PA      | $475659.74    | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                              | Fidelity Cash Central Fund                                              | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   1814973 | NS      | $1815336.39   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR LEASE CORP                                            | AIR LEASE CORP 6%/VAR PERP                                              | CUSIP: 00912XBQ6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EP               | CORP              | US        |     70000 | PA      | $68769.51     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY                                          | SOUTHERN CO 5.25% 12/01/77 PFD                                          | CUSIP: 842587404<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |      5084 | NS      | $115966.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                     | TRUIST FINANCIAL CORP 5.125%/VAR PERP                                   | CUSIP: 89832QAC3<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     60000 | PA      | $58718.20     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AT and T INC                                              | AT and T INC SER C 4.75% PFD PERP                                       | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     23900 | NS      | $468679.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                | CAPITAL ONE FINANCIAL CORP 5.5%/VAR PERP                                | CUSIP: 14040HDK8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    315000 | PA      | $312324.64    | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                              | NEXTERA ENERGY CAP HLDGS INC 5.65% 03/01/2079 PFD                       | CUSIP: 65339K860<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |      5600 | NS      | $129528.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 6.95%/VAR PERP                                            | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    275000 | PA      | $279232.80    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC T5Y+289 6.875%/VAR PERP                                   | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    735000 | PA      | $747989.66    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY                                          | SOUTHERN CO SER A 6.5% 03/15/2085 PFD                                   | CUSIP: 842587867<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |     20300 | NS      | $530845.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JP MORGAN CHASE 4.75% PFD PERP                                          | CUSIP: 48128B622<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     12500 | NS      | $256250.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL INC                                 | BRIGHTHOUSE FINANCIAL INC 6.25% PFD 09/15/2058                          | CUSIP: 10922N202<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |      1600 | NS      | $31040.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP SER M 4% PFD PERP                                            | CUSIP: 902973718<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |      5300 | NS      | $88192.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW 7.625%/VAR PERP                                  | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     75000 | PA      | $80101.35     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| QWEST CORPORATION                                         | QWEST CORPORATION 6.75% PFD 6/15/57                                     | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |      7400 | NS      | $147408.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VOYA FINANCIAL INC                                        | VOYA FINANCIAL INC SER B 5.35%/VAR PFD PERP                             | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |      5000 | NS      | $117750.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 5% PERP PFD                                 | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |      8700 | NS      | $180786.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS PLC                                              | BARCLAYS PLC 7.625%/VAR PERP                                            | CUSIP: 06738EDC6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EP               | CORP              | GB        |    200000 | PA      | $206588.40    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE FINANCE ULC                     | BROOKFIELD INFRASTRUCTURE FINANCE ULC 7.25% PFD 05/31/2084              | CUSIP: 11276B208<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |      1100 | NS      | $27885.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR and UTILS CORP                              | ALGONQUIN PWR and UTILS CORP 19-A 6.2%/VAR PFD 07/01/2079               | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |      3000 | NS      | $76950.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRISURE LLC / ACRISURE FINANCE INC                       | ACRISURE LLC / ACRISURE FINANCE INC 6% 08/01/2029 144A                  | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $411602.60    | 0.64%             | 2029-08-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                             | AIRCASTLE LTD 5.25%/VAR PERP 144A                                       | CUSIP: 00928QAW1<br>LEI: 549300PNK8AKY3OIKP58 | Long             | EP               | CORP              | BM        |    416000 | PA      | $413337.64    | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO SER MM 4.2% PFD PERP                              | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     15100 | NS      | $279954.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC T5Y+NA 09/01/2052                                   | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206362.00    | 0.32%             | 2052-09-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                        | ATHENE HOLDING LTD SER D 4.875% PFD PERP                                | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |      4000 | NS      | $71320.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                                             | ALLSTATE CORP SER H 5.1% PERP PFD                                       | CUSIP: 020002838<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |     10000 | NS      | $218300.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL INC                                 | BRIGHTHOUSE FINANCIAL INC SER D 0% PFD PERP                             | CUSIP: 10922N889<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |      4000 | NS      | $53760.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                              | NEXTERA ENERGY CAP HLDGS INC 6.375%/VAR 08/15/2055                      | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    263000 | PA      | $271121.70    | 0.42%             | 2055-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES INC/OH                              | HUNTINGTON BANCSHARES INC SER H 4.5% PFD PERP                           | CUSIP: 446150823<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |      3100 | NS      | $56637.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINL CORP NEW                                     | REGIONS FINANCIAL CORP 4.45% PERP PFD                                   | CUSIP: 7591EP886<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |      3600 | NS      | $65736.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA TRUST                                         | TRANSCANADA TRUST 5.5%/VAR 09/15/2079                                   | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    128000 | PA      | $126093.02    | 0.20%             | 2079-09-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                              | NEXTERA ENERGY CAP HLDGS INC 6.5%/VAR 08/15/2055                        | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146635.58    | 0.23%             | 2055-08-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                               | VISTRA CORP 8%/VAR PERP 144A                                            | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | EP               | CORP              | US        |    100000 | PA      | $102077.60    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 4.7% SER J PFD PERP                                      | CUSIP: 74460W594<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      1700 | NS      | $32249.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 6.75%/VAR PERP                                            | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    200000 | PA      | $201620.80    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RENEWABLE PARTNERS LP                          | BROOKFIELD RENEWABLE PARTNERS LP 5.25% PFD PERP                         | CUSIP: N/A<br>LEI: VA8DFMRI2GY8Y7V79H93       | Long             | EP               | CORP              | BM        |      2395 | NS      | $43517.15     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                    | SEMPRA 4.125%/VAR 04/01/2052                                            | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    710000 | PA      | $688101.61    | 1.07%             | 2052-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                              | NAVIENT CORP 6.0% PFD 12/15/2043                                        | CUSIP: 63938C405<br>LEI: 54930067J0ZNOEBRW338 | Long             | EP               | CORP              | US        |      1500 | NS      | $28515.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                                      | EDISON INTERNATIONAL 5.375%/VAR PERP                                    | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |    186000 | PA      | $180731.48    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| ARES FINANCE CO III LLC                                   | ARES FINANCE CO III LLC 4.125%/VAR 06/30/2051 144A                      | CUSIP: 04018VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $73397.38     | 0.11%             | 2051-06-30      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 4.15%/VAR PERP                                            | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |     89000 | PA      | $86865.32     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                            | MORGAN STANLEY 6.875% PFD PERP                                          | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |       600 | NS      | $15210.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                                    | SEMPRA ENERGY 5.75% PFD 07/01/2079                                      | CUSIP: 816851604<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |      5700 | NS      | $129561.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                             | CITIGROUP INC 7%/VAR PERP                                               | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |    270000 | PA      | $283390.11    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                            | PNC FINANCIAL SERVICES GRP INC 6.2%/VAR PERP                            | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    200000 | PA      | $203202.80    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN COMPANY                                          | SOUTHERN COMPANY 6.375%/VAR 03/15/2055                                  | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    135000 | PA      | $141255.09    | 0.22%             | 2055-03-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 4.875% SER I PFD PERP                                    | CUSIP: 74460W628<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      1500 | NS      | $29520.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA TRUST                                         | TRANSCANADA TRUST 5.3%/VAR 03/15/2077                                   | CUSIP: 89356BAC2<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    161000 | PA      | $159960.34    | 0.25%             | 2077-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW 4.7% PFD                                         | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      9400 | NS      | $180198.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL                                          | PARAMOUNT GLOBAL T5Y+NA 03/30/2062                                      | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125208.50    | 0.20%             | 2062-03-30      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INS CO                                        | NIPPON LIFE INS CO 3.4%/VAR 01/23/2050 144A                             | CUSIP: 654579AG6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    100000 | PA      | $93840.77     | 0.15%             | 2050-01-23      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC 3.7%/VAR 10/01/2050                                 | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184774.10    | 0.29%             | 2050-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INS CO                                        | NIPPON LIFE INS CO 6.5%/VAR 04/30/2055 144A                             | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $426537.60    | 0.67%             | 2055-04-30      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                       | FIFTH THIRD BANCORP 4.5%/VAR PERP                                       | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |     50000 | PA      | $49865.24     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                            | US BANCORP DEL 3.7%/VAR PERP                                            | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |    460000 | PA      | $442999.96    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURANCE CO                            | MEIJI YASUDA LIFE INSURANCE CO USISDA05+NA 04/26/2048 144A              | CUSIP: 585270AC5<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $200563.80    | 0.31%             | 2048-04-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                             | GOLDMAN SACHS GROUP INC (THE) 5.3%/VAR PERP                             | CUSIP: 38148BAC2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |     79000 | PA      | $78803.00     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                     | AMERICAN HOMES 4 RENT SER H 6.25% PERP PFD                              | CUSIP: 02665T868<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |      1000 | NS      | $24500.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS INC                              | NEXTERA ENERGY CAP HLDGS INC 5.65%/VAR 05/01/2079                       | CUSIP: 65339KBK5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    234000 | PA      | $233349.46    | 0.36%             | 2079-05-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                                                | UNUM GROUP 6.25% 06/15/2058 PFD                                         | CUSIP: 91529Y601<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EP               | CORP              | US        |      3500 | NS      | $82390.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE and DATA SYSTEMS INC                            | TELEPHONE and DATA SYSTEMS INC 6% PFD PERP                              | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      3500 | NS      | $65450.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCH CAPITAL GROUP LTD                                    | ARCH CAPITAL GR 5.45% PFD PERP                                          | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |      2000 | NS      | $42600.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| M and T BANK CORP                                         | M and T BANK CORP 5.125%/VAR PERP                                       | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     50000 | PA      | $49600.85     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GRP INC                                | CITIZENS FINANCIAL GROUP INC 6.5%/VAR PFD PERP                          | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |      2500 | NS      | $63025.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                                           | CMS ENERGY CORP T5Y+NA 12/01/2050                                       | CUSIP: 125896BV1<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    409000 | PA      | $371750.00    | 0.58%             | 2050-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PROPERTY PARTNERS LP                           | BROOKFIELD PROPERTY PARTN LP 6.5% PERP PFD                              | CUSIP: N/A<br>LEI: 5493004J5Z0TZW83NU62       | Long             | EP               | CORP              | BM        |      1700 | NS      | $26010.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO and CO                                        | WELLS FARGO and CO NEW 3.9%/VAR PERP                                    | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    556000 | PA      | $550652.61    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                        | ALLY FINL INC 4.7%/VAR PERP                                             | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |    310000 | PA      | $301649.00    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| KKR GROUP FINANCE CO IX LLC                               | KKR GROUP FINANCE CO IX LLC 4.625% PFD 04/01/2061                       | CUSIP: 48253M104<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      5000 | NS      | $91750.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 6.5%/VAR PERP                                     | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    255000 | PA      | $261903.62    | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE 3.95% PERP PFD                                           | CUSIP: 74460W446<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      3500 | NS      | $56227.50     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD BRP HOLDINGS CANADA INC                        | BROOKFIELD BRP HOLDINGS CANADA INC 7.25% PFD PERP                       | CUSIP: 11259P307<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |      2100 | NS      | $52682.49     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTIAL FINL INC                                       | PRUDENTIAL FINL INC 4.5%/VAR 09/15/2047                                 | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123013.98    | 0.19%             | 2047-09-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                    | SEMPRA 4.875%/VAR PERP                                                  | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |    170000 | PA      | $169913.57    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 6.125%/VAR PERP                             | CUSIP: 06055HAB9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    100000 | PA      | $100929.54    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                  | LIBERTY MUTUAL GROUP INC 4.3% 02/01/2061 144A                           | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    125000 | PA      | $78672.82     | 0.12%             | 2061-02-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR        | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 6.95%/VAR 03/10/2055 | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $157048.25    | 0.25%             | 2055-03-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                                            | PUBLIC STORAGE SER G 5.05% PFD PERP                                     | CUSIP: 74460W669<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      2600 | NS      | $53378.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANZ SE                                                | ALLIANZ SE 6.35%/VAR 09/06/2053 144A                                    | CUSIP: 018820AC4<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    140000 | PA      | $148561.14    | 0.23%             | 2053-09-06      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| F and G ANNUITIES and LIFE INC                            | F and G ANNUITIES and LIFE INC 7.3% 01/15/2065 PFD                      | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      2100 | NS      | $50526.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRASTRUCTURE PARTNERS LP                     | BROOKFIELD INFRA PARTNERS LP CLASS A 5% PFD PERP                        | CUSIP: N/A<br>LEI: 549300WEH5R2OODI7Y90       | Long             | EP               | CORP              | BM        |       825 | NS      | $13794.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA TRUST                                         | TRANSCANADA TRUST 5.875%/VAR 08/15/2076                                 | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    129000 | PA      | $129079.08    | 0.20%             | 2076-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                               | BANK OF AMERICA CORPORATION 4.250% PFD PERP                             | CUSIP: 06055H806<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     17000 | NS      | $302090.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                              | ENBRIDGE INC 8.25%/VAR 01/15/2084                                       | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |    100000 | PA      | $106517.90    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE            | BELL TELEPHONE CO OF CANADA OR BELL CANADA/THE 7%/VAR 09/15/2055        | CUSIP: 0778FPAQ2<br>LEI: 549300O5ZKB2MUUSKB97 | Long             | DBT              | CORP              | CA        |    140000 | PA      | $143189.90    | 0.22%             | 2055-09-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                             | FORD MOTOR CO 6.5% 08/15/2062 PFD                                       | CUSIP: 345370811<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |      2400 | NS      | $55968.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR and CO INC                                            | KKR and CO LP 6.875% PFD 06/01/2065                                     | CUSIP: 48251W609<br>LEI: 549300JOHU21WRN2Z451 | Long             | EP               | CORP              | US        |      3300 | NS      | $84183.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD OAKTREE HOLDINGS LLC                           | BROOKFIELD OAKTREE HOLDINGS LLC SER B 6.55% PERP PFD                    | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |      7000 | NS      | $149765.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                         | STATECRP 5.35%/VAR PFD PERP                                             | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |      1000 | NS      | $22970.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                              | ENBRIDGE INC 5.75%/VAR 07/15/2080                                       | CUSIP: 29250NBC8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EP               | CORP              | CA        |    126000 | PA      | $125842.17    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                                          | ENSTAR GROUP LTD 7%/VAR PFD                                             | CUSIP: 29359U109<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EP               | CORP              | BM        |      3900 | NS      | $92430.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANZ SE                                                | ALLIANZ SE 5.6%/VAR 09/03/2054 144A                                     | CUSIP: 018820AD2<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    175000 | PA      | $177835.18    | 0.28%             | 2054-09-03      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| PG and E CORP                                             | PG and E CORP SER A PC 6% 12/01/2027                                    | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |      1300 | NS      | $51692.49     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                        | ATHENE HOLDINGS 7.25%/VAR PFD 03/30/2064                                | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |      8800 | NS      | $223080.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE and DATA SYSTEMS INC                            | TELEPHONE and DATA 6.625% PFD PERP                                      | CUSIP: 879433787<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      1500 | NS      | $31605.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP INC                             | AFFILIATED MANAGERS GRP INC 5.875% 03/30/2059 PFD                       | CUSIP: 008252850<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |      2700 | NS      | $58158.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS ENERGY CORP                                           | CMS ENERGY CORP 5.875% PFD 03/01/2079                                   | CUSIP: 125896845<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |      4700 | NS      | $111061.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE and CO                                     | JPMORGAN CHASE and CO 6.875%/VAR PERP                                   | CUSIP: 48128BAQ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |    145000 | PA      | $152364.99    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| SBL HOLDINGS INC                                          | SBL HOLDINGS INC 6.5%/VAR PERP 144A                                     | CUSIP: 78397DAC2<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | EP               | CORP              | US        |     34000 | PA      | $32300.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Stacie M. Smith

**Signature:** Stacie M. Smith

**Name of Signer:** Stacie M. Smith

**Title:** President and Treasurer