# EDGAR Filing Document

**Accession Number:** 0001378872
**File Stem:** 0001378872-25-000351
**Filing Date:** 2025-10
**Character Count:** 98645
**Document Hash:** 33f8b8eb8cfec63216680aed5a717237
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001378872-25-000351.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001378872-25-000351

**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:** Invesco Exchange-Traded Fund Trust II
- **CENTRAL INDEX KEY:** 0001378872

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21977
- **FILM NUMBER:** 251422081

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** 800-983-0903

**MAIL ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Exchange-Traded Fund Trust II
- **DATE OF NAME CHANGE:** 20070919

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PowerShares Global Exchange-Traded Fund Trust
- **DATE OF NAME CHANGE:** 20061023

## Series and Classes Contracts Data

### Invesco Preferred ETF (Series ID: S000019228)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000053049 | Invesco Preferred ETF | PGX             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Exchange-Traded Fund Trust II

- **b. Investment Company Act file number:** 811-21977

- **c. CIK number of Registrant:** 0001378872

- **d. LEI of Registrant:** O540V2L4S174Y60FMD36

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

  - **Street Address 1:** 3500 Lacey Road

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

  - **Telephone number:** 800-983-0903

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

- **a. Name of Series:** Invesco Preferred ETF

- **b. EDGAR series identifier (if any):** S000019228

- **c. LEI of Series:** 549300J11Q08WEERN210

**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:** $3941979690.47

**Total Liabilities:** $88139456.70

**Net Assets:** $3853840233.77

**Cash Not Reported:** $31231.05

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000053049 | 1.29%                | 2.67%                | 1.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-27691753.21            | $52010039.21                               |
| Month 2  | $-28397606.84            | $125204457.97                              |
| Month 3  | $-14454293.32            | $44907269.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| U.S. Bancorp                                       | U.S. Bancorp, Series K, Pfd.                               | CUSIP: 902973759<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |    827570 | NS      | $19720993.10  | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Valley National Bancorp                            | Valley National Bancorp, Series C, Pfd.                    | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    218413 | NS      | $5611029.97   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Reinsurance Group of America, Inc.                 | Reinsurance Group of America, Inc., Pfd.                   | CUSIP: 759351885<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |   1017308 | NS      | $26002392.48  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp.                                       | Kemper Corp., Pfd.                                         | CUSIP: 488401308<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EP               | CORP              | US        |    216402 | NS      | $5122235.34   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                                   | CMS Energy Corp., Pfd.                                     | CUSIP: 125896845<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    905796 | NS      | $21394901.52  | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley                                     | Morgan Stanley, Series K, Pfd.                             | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1462976 | NS      | $35813652.48  | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| Ford Motor Co.                                     | Ford Motor Co., Pfd.                                       | CUSIP: 345370845<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |   1079681 | NS      | $23256328.74  | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| First Citizens BancShares, Inc.                    | First Citizens BancShares, Inc., Series A, Pfd.            | CUSIP: 319626305<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |    512368 | NS      | $10959551.52  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Finance ULC              | Brookfield Infrastructure Finance ULC, Pfd.                | CUSIP: 11276B109<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    366474 | NS      | $6211734.30   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp., Pfd.   | CUSIP: 637432105<br>LEI: 4NYF266XZC35SCTGX023 | Long             | EP               | CORP              | US        |    359708 | NS      | $8499900.04   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp                                  | Merchants Bancorp, Pfd.                                    | CUSIP: 58844R884<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    201066 | NS      | $5078927.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley, Series L, Pfd.                             | CUSIP: 61762V804<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |    737541 | NS      | $15222846.24  | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| TPG Operating Group II, L.P.                       | TPG Operating Group II, L.P., Pfd.                         | CUSIP: 872652102<br>LEI: 2549001H9RJQNZT7MU11 | Long             | EP               | CORP              | US        |    575877 | NS      | $14581205.64  | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| New Mountain Finance Corp.                         | New Mountain Finance Corp., Pfd.                           | CUSIP: 647551308<br>LEI: 549300L1MPTT1H7SES77 | Long             | EP               | CORP              | US        |    167157 | NS      | $4222385.82   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Brunswick Corp.                                    | Brunswick Corp., Pfd.                                      | CUSIP: 117043604<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |    334751 | NS      | $8251612.15   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Telephone and Data Systems, Inc.                   | Telephone and Data Systems, Inc., Series VV, Pfd.          | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    996792 | NS      | $18640010.40  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Globe Life Inc.                                    | Globe Life Inc., Pfd.                                      | CUSIP: 37959E300<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EP               | CORP              | US        |    473362 | NS      | $7909879.02   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                         | Cullen/Frost Bankers, Inc., Series B, Pfd.                 | CUSIP: 229899307<br>LEI: 529900V2E9G9AY665O34 | Long             | EP               | CORP              | US        |    207813 | NS      | $3767649.69   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Athene Holding Ltd.                                | Athene Holding Ltd., Series D, Pfd.                        | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    832281 | NS      | $14789633.37  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd, Inc.                                         | WaFd, Inc., Series A, Pfd.                                 | CUSIP: 938824307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    426389 | NS      | $7205974.10   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Affiliated Managers Group, Inc.                    | Affiliated Managers Group, Inc., Pfd.                      | CUSIP: 008252827<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    646969 | NS      | $15993073.68  | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Equitable Holdings, Inc.                           | Equitable Holdings, Inc., Series A, Pfd.                   | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |   1158055 | NS      | $24770796.45  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp., Series SS, Pfd.                     | CUSIP: 06055H871<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    998164 | NS      | $19623904.24  | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Property Partners L.P.                  | Brookfield Property Partners L.P., Series A, Pfd.          | CUSIP: G16249164<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |    417192 | NS      | $5640435.84   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                                 | Agree Realty Corp., Series A, Pfd.                         | CUSIP: 008492209<br>LEI: 98450090H010B37OEB68 | Long             | EP               | CORP              | US        |    249390 | NS      | $4496501.70   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| American Financial Group, Inc.                     | American Financial Group, Inc., Pfd.                       | CUSIP: 025932807<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    181430 | NS      | $4053146.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial, Inc.                        | Brighthouse Financial, Inc., Series B, Pfd.                | CUSIP: 10922N509<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    583151 | NS      | $10776630.48  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series J, Pfd.                             | CUSIP: 74460W594<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    297657 | NS      | $5655483.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                               | Vornado Realty Trust, Series L, Pfd.                       | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    378353 | NS      | $6817921.06   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Capital One Financial Corp.                        | Capital One Financial Corp., Series N, Pfd.                | CUSIP: 14040H733<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    615146 | NS      | $10531299.52  | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| AXIS Capital Holdings Ltd.                         | AXIS Capital Holdings Ltd., Series E, Pfd.                 | CUSIP: 05461T305<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EP               | CORP              | BM        |    795714 | NS      | $16702036.86  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series N, Pfd.                             | CUSIP: 74460W511<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    406231 | NS      | $6353452.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                     | Public Storage, Series R, Pfd.                             | CUSIP: 74460W420<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    620427 | NS      | $10007487.51  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                           | Bank OZK, Series A, Pfd.                                   | CUSIP: 06417N202<br>LEI: 549300VYK2WBD7SST478 | Long             | EP               | CORP              | US        |    506629 | NS      | $8643090.74   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings, Inc.                           | Equitable Holdings, Inc., Series C, Pfd.                   | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |    438081 | NS      | $7600705.35   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Associated Banc-Corp                               | Associated Banc-Corp, Series F, Pfd.                       | CUSIP: 045487402<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |    151704 | NS      | $3208539.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Regions Financial Corp.                            | Regions Financial Corp., Series E, Pfd.                    | CUSIP: 7591EP886<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    575615 | NS      | $10510729.90  | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| EPR Properties                                     | EPR Properties, Series G, Pfd.                             | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    217416 | NS      | $4661399.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| SCE Trust II                                       | SCE Trust II, Pfd.                                         | CUSIP: 78407R204<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    252208 | NS      | $4264837.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BIP Bermuda Holdings I                             | BIP Bermuda Holdings I, Pfd.                               | CUSIP: 05554M100<br>LEI: 549300Y8SLOLKXX0MZ44 | Long             | EP               | CORP              | BM        |    435838 | NS      | $7618448.24   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| F&G Annuities & Life, Inc.                         | F&G Annuities & Life, Inc., Pfd.                           | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    552748 | NS      | $13304644.36  | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Apollo Global Management, Inc.                     | Apollo Global Management, Inc., Pfd.                       | CUSIP: 03769M205<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    868251 | NS      | $22965238.95  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp.                                   | CMS Energy Corp., Pfd.                                     | CUSIP: 125896860<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    290737 | NS      | $6541582.50   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Triton International Ltd.                          | Triton International Ltd., Pfd.                            | CUSIP: EP0585000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    205824 | NS      | $4964474.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc., Series N, Pfd.      | CUSIP: 65339K860<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |    987865 | NS      | $22967861.25  | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Alliance Bancorporation                    | Western Alliance Bancorporation, Series A, Pfd.            | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |    433823 | NS      | $9878149.71   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley                                     | Morgan Stanley, Series E, Pfd.                             | CUSIP: 61762V200<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1166651 | NS      | $29784600.03  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Triton International Ltd.                          | Triton International Ltd., Pfd.                            | CUSIP: EP0573691<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    209646 | NS      | $5358551.76   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Flagstar Financial, Inc.                           | Flagstar Financial, Inc., Series A., Pfd.                  | CUSIP: 649445202<br>LEI: 529900HVXOTLY61GL030 | Long             | EP               | CORP              | US        |    747279 | NS      | $16156171.98  | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield BRP Holdings (Canada) Inc.              | Brookfield BRP Holdings (Canada) Inc., Pfd.                | CUSIP: 11259P109<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |    509877 | NS      | $8117241.84   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                 | Southern Co. (The), Pfd.                                   | CUSIP: 842587867<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |    812953 | NS      | $21258720.95  | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| CMS Energy Corp.                                   | CMS Energy Corp., Pfd.                                     | CUSIP: 125896852<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    407243 | NS      | $9667948.82   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| CNO Financial Group, Inc.                          | CNO Financial Group, Inc., Pfd.                            | CUSIP: 12621E301<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EP               | CORP              | US        |    224301 | NS      | $4510693.11   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Vornado Realty Trust                               | Vornado Realty Trust, Series M, Pfd.                       | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    480622 | NS      | $8372435.24   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| U.S. Bancorp                                       | U.S. Bancorp, Series O, Pfd.                               | CUSIP: 902973668<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |    640996 | NS      | $12428912.44  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| First Citizens BancShares, Inc.                    | First Citizens BancShares, Inc., Series C, Pfd.            | CUSIP: 31959X202<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |    274809 | NS      | $6224423.85   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| KeyCorp                                            | KeyCorp, Series F, Pfd.                                    | CUSIP: 493267876<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    608819 | NS      | $13582751.89  | 0.35%             |  |  |  | No            |                  1 | On Loan: —       |
| KeyCorp                                            | KeyCorp, Series E, Pfd.                                    | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    720138 | NS      | $17974644.48  | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Athene Holding Ltd.                                | Athene Holding Ltd., Series E, Pfd.                        | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    723601 | NS      | $18734029.89  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Property Partners L.P.                  | Brookfield Property Partners L.P., Series A2, Pfd.         | CUSIP: G16249156<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |    366752 | NS      | $5501280.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California, Inc.                           | Banc of California, Inc., Series F, Pfd.                   | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |    738325 | NS      | $18214477.75  | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co., Series DD, Pfd.                      | CUSIP: 48128B655<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2453997 | NS      | $61423544.91  | 1.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Qwest Corp.                                        | Qwest Corp., Pfd.                                          | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |   1399443 | NS      | $27848915.70  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series S, Pfd.                             | CUSIP: 74460W396<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    471252 | NS      | $7808645.64   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Prudential Financial, Inc.                         | Prudential Financial, Inc., Pfd.                           | CUSIP: 744320805<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |    809142 | NS      | $19921076.04  | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co., Series MM, Pfd.                      | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2886120 | NS      | $53566387.20  | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |
| M&T Bank Corp.                                     | M&T Bank Corp., Series J, Pfd.                             | CUSIP: 55261F864<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |   1083037 | NS      | $29350302.70  | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| KKR & Co. Inc.                                     | KKR & Co. Inc., Series T, Pfd.                             | CUSIP: 48251W609<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    853549 | NS      | $21791105.97  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc.                                  | Pitney Bowes Inc., Pfd.                                    | CUSIP: 724479506<br>LEI: 549300N2O26NW4ST6W55 | Long             | EP               | CORP              | US        |    620640 | NS      | $12090067.20  | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Co. (The)                                 | Southern Co. (The), Series 2020, Pfd.                      | CUSIP: 842587800<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |   1439171 | NS      | $30970959.92  | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| SL Green Realty Corp.                              | SL Green Realty Corp., Series I, Pfd.                      | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               | CORP              | US        |    335578 | NS      | $7718294.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                     | Public Storage, Series M, Pfd.                             | CUSIP: 74460W537<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    320634 | NS      | $5373825.84   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of Hawaii Corp.                               | Bank of Hawaii Corp., Pfd.                                 | CUSIP: 062540307<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EP               | CORP              | US        |    238138 | NS      | $6334470.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Prudential Financial, Inc.                         | Prudential Financial, Inc., Pfd.                           | CUSIP: 744320870<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |    437286 | NS      | $11050217.22  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| AT&T Inc.                                          | AT&T Inc., Series A, Pfd.                                  | CUSIP: 00206R508<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |   1729585 | NS      | $35508380.05  | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Assurant, Inc.                                     | Assurant, Inc., Pfd.                                       | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |    364619 | NS      | $7441873.79   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc., Series U, Pfd.      | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |   1255873 | NS      | $31660558.33  | 0.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Duke Energy Corp.                                  | Duke Energy Corp., Pfd.                                    | CUSIP: 26441C402<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |    721247 | NS      | $17670551.50  | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Stifel Financial Corp.                             | Stifel Financial Corp., Series D, Pfd.                     | CUSIP: 860630862<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    446533 | NS      | $8104573.95   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Brunswick Corp.                                    | Brunswick Corp., Pfd.                                      | CUSIP: 117043406<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EP               | CORP              | US        |    268604 | NS      | $6575425.92   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| U.S. Bancorp                                       | U.S. Bancorp, Series L, Pfd.                               | CUSIP: 902973734<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |    716178 | NS      | $11179538.58  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley, Series P, Pfd.                             | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1441171 | NS      | $36778683.92  | 0.95%             |  |  |  | No            |                  1 | On Loan: —       |
| T-Mobile USA, Inc.                                 | T-Mobile USA, Inc., Pfd.                                   | CUSIP: 87264A303<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |    735863 | NS      | $16733524.62  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                             | Lincoln National Corp., Series D, Pfd.                     | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |    723720 | NS      | $19431882.00  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                     | DTE Energy Co., Pfd.                                       | CUSIP: 233331818<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |    403233 | NS      | $7080771.48   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                | Fifth Third Bancorp, Series A, Pfd.                        | CUSIP: 316773886<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    288117 | NS      | $6949382.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Regions Financial Corp.                            | Regions Financial Corp., Pfd.                              | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    731550 | NS      | $18793519.50  | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Charles Schwab Corp. (The)                         | Charles Schwab Corp. (The), Series D, Pfd.                 | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   1079812 | NS      | $27211262.40  | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| Athene Holding Ltd.                                | Athene Holding Ltd., Series A, Pfd.                        | CUSIP: 04686J861<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |   1247852 | NS      | $31034079.24  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Selective Insurance Group, Inc.                    | Selective Insurance Group, Inc., Series B, Pfd.            | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |    289254 | NS      | $5015664.36   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Property Partners L.P.                  | Brookfield Property Partners L.P., Series A-1, Pfd.        | CUSIP: G16249149<br>LEI: 5493004J5Z0TZW83NU62 | Long             | EP               | CORP              | BM        |    265535 | NS      | $4041442.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                             | Stifel Financial Corp., Series B, Pfd.                     | CUSIP: 860630706<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    226204 | NS      | $5682244.48   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners L.P.            | Brookfield Infrastructure Partners L.P., Series 14, Pfd.   | CUSIP: G16252275<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | BM        |    292684 | NS      | $4905383.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corp.                             | Fulton Financial Corp., Series A, Pfd.                     | CUSIP: 360271308<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EP               | CORP              | US        |    285504 | NS      | $5584458.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                     | Public Storage, Series L, Pfd.                             | CUSIP: 74460W552<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    821615 | NS      | $15339552.05  | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                     | Public Storage, Series G, Pfd.                             | CUSIP: 74460W669<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    532139 | NS      | $10908849.50  | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Vornado Realty Trust                               | Vornado Realty Trust, Series N, Pfd.                       | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    432140 | NS      | $7527878.80   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Old National Bancorp                               | Old National Bancorp, Series A, Pfd.                       | CUSIP: 68003D204<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |    158113 | NS      | $3981285.34   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust VII                                      | SCE Trust VII, Series M, Pfd.                              | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    807423 | NS      | $18772584.75  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease, Inc.                             | Global Net Lease, Inc., Series B, Pfd.                     | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    202166 | NS      | $4587146.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Finance Inc.                            | Brookfield Finance Inc., Series 50, Pfd.                   | CUSIP: 11271L102<br>LEI: 549300XH8D8K6OYWGD17 | Long             | EP               | CORP              | CA        |    572663 | NS      | $9334406.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Webster Financial Corp.                            | Webster Financial Corp., Series F, Pfd.                    | CUSIP: 947890505<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |    218404 | NS      | $4389920.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Qwest Corp.                                        | Qwest Corp., Pfd.                                          | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |    950162 | NS      | $18908223.80  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.                    | Affiliated Managers Group, Inc., Pfd.                      | CUSIP: 008252850<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    431898 | NS      | $9303082.92   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Oaktree Holdings, LLC                   | Brookfield Oaktree Holdings, LLC, Series B, Pfd.           | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |    337860 | NS      | $7243718.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co., Series DD, Pfd.                         | CUSIP: 95002Y400<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   1809138 | NS      | $31967468.46  | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| American National Group Inc.                       | American National Group Inc., Pfd.                         | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    435108 | NS      | $11051743.20  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Arch Capital Group Ltd.                            | Arch Capital Group Ltd., Series G, Pfd.                    | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |    721849 | NS      | $12718979.38  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series F, Pfd.                             | CUSIP: 74460W685<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    399768 | NS      | $8463088.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Brighthouse Financial, Inc.                        | Brighthouse Financial, Inc., Series A, Pfd.                | CUSIP: 10922N301<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    615067 | NS      | $11132712.70  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                              | Bank of America Corp., Series PP, Pfd.                     | CUSIP: 06055H608<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1322884 | NS      | $22727147.12  | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Renewable Partners L.P.                 | Brookfield Renewable Partners L.P., Series 17, Pfd.        | CUSIP: EP0586206<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EP               | CORP              | BM        |    287384 | NS      | $5213145.76   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp., Series L, Pfd.                | CUSIP: 14040H758<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    974516 | NS      | $16625242.96  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| CMS Energy Corp.                                   | CMS Energy Corp., Series C, Pfd.                           | CUSIP: 125896837<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |    333659 | NS      | $6172691.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Merchants Bancorp                                  | Merchants Bancorp, Series C, Pfd.                          | CUSIP: 58844R702<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    284904 | NS      | $5706627.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Infrastructure Partners L.P.            | Brookfield Infrastructure Partners L.P., Series 13, Pfd.   | CUSIP: G16252267<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EP               | CORP              | BM        |    289793 | NS      | $5007623.04   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular Capital Trust II                           | Popular Capital Trust II, Pfd.                             | CUSIP: 73317H206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     97357 | NS      | $2433925.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co.                                     | Ford Motor Co., Pfd.                                       | CUSIP: 345370811<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |    864397 | NS      | $20140450.10  | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Allstate Corp. (The)                               | Allstate Corp. (The), Series H, Pfd.                       | CUSIP: 020002838<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |   1664330 | NS      | $36365610.50  | 0.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Texas Capital Bancshares, Inc.                     | Texas Capital Bancshares, Inc., Series B, Pfd.             | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |    436666 | NS      | $9008419.58   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Voya Financial, Inc.                               | Voya Financial, Inc., Series B, Pfd.                       | CUSIP: 929089209<br>LEI: 549300T065Z4KJ686G75 | Long             | EP               | CORP              | US        |    433728 | NS      | $10244655.36  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp.                                      | Navient Corp., Pfd.                                        | CUSIP: 63938C405<br>LEI: 54930067J0ZNOEBRW338 | Long             | EP               | CORP              | US        |    440521 | NS      | $8317036.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp.                            | Regions Financial Corp., Series C, Pfd.                    | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    717203 | NS      | $17155495.76  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust VI                                       | SCE Trust VI, Pfd.                                         | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    697737 | NS      | $11756868.45  | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                              | Bank of America Corp., Series QQ, Pfd.                     | CUSIP: 06055H806<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1882684 | NS      | $33342333.64  | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| RenaissanceRe Holdings Ltd.                        | RenaissanceRe Holdings Ltd., Series F, Pfd.                | CUSIP: 75968N309<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |    362155 | NS      | $8119515.10   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| American Homes 4 Rent                              | American Homes 4 Rent, Series H, Pfd.                      | CUSIP: 02665T868<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |    166436 | NS      | $4057709.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Aspen Insurance Holdings Ltd.                      | Aspen Insurance Holdings Ltd., Pfd.                        | CUSIP: G05384162<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    361441 | NS      | $7850498.52   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Ford Motor Co.                                     | Ford Motor Co., Pfd.                                       | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |   1147225 | NS      | $24229392.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                      | Aspen Insurance Holdings Ltd., Pfd.                        | CUSIP: G05384204<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    361395 | NS      | $7882024.95   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co., Series LL, Pfd.                      | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2657756 | NS      | $53713248.76  | 1.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Affiliated Managers Group, Inc.                    | Affiliated Managers Group, Inc., Pfd.                      | CUSIP: 008252843<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    394083 | NS      | $7168369.77   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Digital Realty Trust, Inc.                         | Digital Realty Trust, Inc., Series L, Pfd.                 | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |    482869 | NS      | $10236822.80  | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| SCE Trust VIII                                     | SCE Trust VIII, Series N, Pfd.                             | CUSIP: 80620A208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    514412 | NS      | $11265622.80  | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Old National Bancorp                               | Old National Bancorp, Series C, Pfd.                       | CUSIP: 68003D303<br>LEI: 549300MMK90CL5KMVX16 | Long             | EP               | CORP              | US        |    173538 | NS      | $4361009.94   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial, Inc.                        | Brighthouse Financial, Inc., Series D, Pfd.                | CUSIP: 10922N889<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    506283 | NS      | $6819632.01   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Argo Group US, Inc.                                | Argo Group US, Inc., Pfd.                                  | CUSIP: 040130106<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    204682 | NS      | $5106815.90   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley, Series O, Pfd.                             | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1881806 | NS      | $33439692.62  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                     | DTE Energy Co., Series G, Pfd.                             | CUSIP: 233331826<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |    332669 | NS      | $5904874.75   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Pacific Gas And Electric Co.                       | Pacific Gas And Electric Co., Series A, Pfd.               | CUSIP: 694308206<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | EP               | CORP              | US        |    152642 | NS      | $3414601.54   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp.                                | First Horizon Corp., Series F, Pfd.                        | CUSIP: 320517865<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |    208825 | NS      | $3800615.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley, Series Q, Pfd.                             | CUSIP: 61762V838<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1445111 | NS      | $37471728.23  | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Capital One Financial Corp.                        | Capital One Financial Corp., Series J, Pfd.                | CUSIP: 14040H782<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   1809271 | NS      | $34032387.51  | 0.88%             |  |  |  | No            |                  1 | On Loan: —       |
| Entergy Louisiana, LLC                             | Entergy Louisiana, LLC, Pfd.                               | CUSIP: 29364W108<br>LEI: 0V5453U14HDZO63CGH17 | Long             | EP               | CORP              | US        |    383440 | NS      | $7933373.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Jackson Financial Inc.                             | Jackson Financial Inc., Pfd.                               | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |    787677 | NS      | $20558369.70  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Synchrony Financial                                | Synchrony Financial, Series A, Pfd.                        | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |   1079011 | NS      | $21170195.82  | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| American Homes 4 Rent                              | American Homes 4 Rent, Series G, Pfd.                      | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |    170478 | NS      | $3946565.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp.                             | Truist Financial Corp., Series R, Pfd.                     | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |   1327377 | NS      | $26043136.74  | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Private Prime Fund                         | Invesco Private Prime Fund                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  46054253 | NS      | $46054253.13  | 1.20%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Corp.                                 | State Street Corp., Series G, Pfd.                         | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |    721851 | NS      | $16602573.00  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield BRP Holdings (Canada) Inc.              | Brookfield BRP Holdings (Canada) Inc., Pfd.                | CUSIP: 11259P307<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |    216633 | NS      | $5435321.97   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Carlyle Finance L.L.C.                             | Carlyle Finance L.L.C., Pfd.                               | CUSIP: 14314C105<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    723296 | NS      | $13214617.92  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Unum Group                                         | Unum Group, Pfd.                                           | CUSIP: 91529Y601<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EP               | CORP              | US        |    435135 | NS      | $10247429.25  | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                              | Bank of America Corp., Series HH, Pfd.                     | CUSIP: 060505195<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1235564 | NS      | $30814966.16  | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                              | Bank of America Corp., Series K, Pfd.                      | CUSIP: 060505179<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1509907 | NS      | $38849907.11  | 1.01%             |  |  |  | No            |                  1 | On Loan: —       |
| U.S. Bancorp                                       | U.S. Bancorp, Series M, Pfd.                               | CUSIP: 902973718<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   1078879 | NS      | $17974124.14  | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| American Financial Group, Inc.                     | American Financial Group, Inc., Pfd.                       | CUSIP: 025932880<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    294629 | NS      | $5692232.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp.                                | First Horizon Corp., Series E, Pfd.                        | CUSIP: 320517402<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EP               | CORP              | US        |    219038 | NS      | $5403667.46   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp., Series I, Pfd.                | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |   2170840 | NS      | $42808964.80  | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley                                     | Morgan Stanley, Series F, Pfd.                             | CUSIP: 61763E207<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1228028 | NS      | $31142790.08  | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Wells Fargo & Co.                                  | Wells Fargo & Co., Series Y, Pfd.                          | CUSIP: 94988U656<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |    992496 | NS      | $23869528.80  | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Merchants Bancorp                                  | Merchants Bancorp, Pfd.                                    | CUSIP: 58844R850<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    333409 | NS      | $7598391.11   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Eidp, Inc.                                         | Eidp, Inc., Series B, Pfd.                                 | CUSIP: 263534307<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | EP               | CORP              | US        |     61377 | NS      | $4339353.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Group Finance Co. IX LLC                       | KKR Group Finance Co. IX LLC, Pfd.                         | CUSIP: 48253M104<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    720099 | NS      | $13206615.66  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series H, Pfd.                             | CUSIP: 74460W644<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    383734 | NS      | $8983212.94   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Prudential Financial, Inc.                         | Prudential Financial, Inc., Pfd.                           | CUSIP: 744320888<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EP               | CORP              | US        |    719512 | NS      | $12771338.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.                      | Aspen Insurance Holdings Ltd., Pfd.                        | CUSIP: EP0607309<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    326825 | NS      | $8301355.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co., Series GG, Pfd.                      | CUSIP: 48128B622<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   1300692 | NS      | $26716213.68  | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Wells Fargo & Co.                                  | Wells Fargo & Co., Series Z, Pfd.                          | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   2912676 | NS      | $56680674.96  | 1.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Brookfield Property Preferred L.P.                 | Brookfield Property Preferred L.P., Pfd.                   | CUSIP: G1624R107<br>LEI: 254900N07TR905Y0G344 | Long             | EP               | CORP              | BM        |    971196 | NS      | $15257489.16  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                               | Associated Banc-Corp, Pfd.                                 | CUSIP: 045487600<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |    436046 | NS      | $10709289.76  | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| AT&T Inc.                                          | AT&T Inc., Series C, Pfd.                                  | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |   2533477 | NS      | $49706818.74  | 1.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Digital Realty Trust, Inc.                         | Digital Realty Trust, Inc., Series K, Pfd.                 | CUSIP: 253868830<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |    291343 | NS      | $7184518.38   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                     | Public Storage, Series K, Pfd.                             | CUSIP: 74460W578<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    291940 | NS      | $5640280.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Associated Banc-Corp                               | Associated Banc-Corp, Series E, Pfd.                       | CUSIP: 045487204<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |    138975 | NS      | $3012978.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile USA, Inc.                                 | T-Mobile USA, Inc., Pfd.                                   | CUSIP: 87264A204<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |    730594 | NS      | $16635625.38  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| AEGON Funding Co. LLC                              | AEGON Funding Co. LLC, Pfd.                                | CUSIP: 00775V104<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | EP               | CORP              | US        |   1337456 | NS      | $27230604.16  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                      | MetLife, Inc., Series F, Pfd.                              | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   1447509 | NS      | $29442333.06  | 0.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Hudson Pacific Properties, Inc.                    | Hudson Pacific Properties, Inc., Series C, Pfd.            | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     91619 | NS      | $1392608.80   | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Truist Financial Corp.                             | Truist Financial Corp., Series O, Pfd.                     | CUSIP: 89832Q745<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |    822877 | NS      | $17897574.75  | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Northern Trust Corp.                               | Northern Trust Corp., Series E, Pfd.                       | CUSIP: 665859856<br>LEI: 549300GLF98S992BC502 | Long             | EP               | CORP              | US        |    580008 | NS      | $11750962.08  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease, Inc.                             | Global Net Lease, Inc., Series A, Pfd.                     | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    245198 | NS      | $5786672.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Vornado Realty Trust                               | Vornado Realty Trust, Series O, Pfd.                       | CUSIP: 929042794<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    484833 | NS      | $7068865.14   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| QVC, Inc.                                          | QVC, Inc., Pfd.                                            | CUSIP: 747262301<br>LEI: 549300WBLU5NKPX5X472 | Long             | EP               | CORP              | US        |    316163 | NS      | $3161630.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co. (The)                                 | Southern Co. (The), Series C, Pfd.                         | CUSIP: 842587883<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |   1080277 | NS      | $19661041.40  | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Athene Holding Ltd.                                | Athene Holding Ltd., Pfd.                                  | CUSIP: 04686J838<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    832477 | NS      | $21103291.95  | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley                                     | Morgan Stanley, Series I, Pfd.                             | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |   1453787 | NS      | $36649970.27  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Finance I (UK) PLC                      | Brookfield Finance I (UK) PLC, Pfd.                        | CUSIP: 11272B103<br>LEI: 213800JCKNPJE9FDCJ76 | Long             | EP               | CORP              | GB        |    331817 | NS      | $5202890.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| KeyCorp                                            | KeyCorp, Series G, Pfd.                                    | CUSIP: 493267868<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    647695 | NS      | $14579614.45  | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co., Series EE, Pfd.                      | CUSIP: 48128B648<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2667970 | NS      | $67819797.40  | 1.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                              | Bank of America Corp., Series GG, Pfd.                     | CUSIP: 060505229<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1943131 | NS      | $49044626.44  | 1.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Capital One Financial Corp.                        | Capital One Financial Corp., Series K, Pfd.                | CUSIP: 14040H774<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |    182236 | NS      | $3344030.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile USA, Inc.                                 | T-Mobile USA, Inc., Pfd.                                   | CUSIP: 87264A105<br>LEI: 549300V2JRLO5DIFGE82 | Long             | EP               | CORP              | US        |    677694 | NS      | $16718710.98  | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Wintrust Financial Corp.                           | Wintrust Financial Corp., Series F, Pfd.                   | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    613197 | NS      | $16194532.77  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Triton International Ltd.                          | Triton International Ltd., Series E, Pfd.                  | CUSIP: EP0599514<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    263082 | NS      | $5435274.12   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Georgia Power Co.                                  | Georgia Power Co., Series 2017, Pfd.                       | CUSIP: 373334440<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | EP               | CORP              | US        |    392323 | NS      | $8827267.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Entergy Mississippi, LLC                           | Entergy Mississippi, LLC, Pfd.                             | CUSIP: 29364N108<br>LEI: 54930043I78H35DVVW89 | Long             | EP               | CORP              | US        |    377995 | NS      | $7971914.55   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Comerica Inc.                                      | Comerica Inc., Series B, Pfd.                              | CUSIP: 200340701<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |    210400 | NS      | $5323120.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial, Inc.                        | Brighthouse Financial, Inc., Pfd.                          | CUSIP: 10922N202<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    540832 | NS      | $10356932.80  | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Spire Inc.                                         | Spire Inc., Series A, Pfd.                                 | CUSIP: 84857L309<br>LEI: 549300NXSY15DRY2R511 | Long             | EP               | CORP              | US        |    361544 | NS      | $8868674.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Kimco Realty Corp.                                 | Kimco Realty Corp., Series M, Pfd.                         | CUSIP: 49446R711<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |    376994 | NS      | $8045051.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Fifth Third Bancorp                                | Fifth Third Bancorp, Series K, Pfd.                        | CUSIP: 316773860<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |    358655 | NS      | $7244831.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                               | Allstate Corp. (The), Series J, Pfd.                       | CUSIP: 020002788<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |    866735 | NS      | $23609861.40  | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Synchrony Financial                                | Synchrony Financial, Series B, Pfd.                        | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    721529 | NS      | $18651524.65  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Government & Agency Portfolio              | Invesco Government & Agency Portfolio, Institutional Class | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   2022396 | NS      | $2022396.43   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield BRP Holdings (Canada) Inc.              | Brookfield BRP Holdings (Canada) Inc., Pfd.                | CUSIP: 11259P208<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |    380283 | NS      | $6346923.27   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Sempra                                             | Sempra, Pfd.                                               | CUSIP: 816851604<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |   1087630 | NS      | $24645695.80  | 0.64%             |  |  |  | No            |                  1 | On Loan: —       |
| KeyCorp                                            | KeyCorp, Pfd.                                              | CUSIP: 493267843<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |    863987 | NS      | $21426877.60  | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| F&G Annuities & Life, Inc.                         | F&G Annuities & Life, Inc., Pfd.                           | CUSIP: 30190A203<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    502508 | NS      | $13075258.16  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Co. (The)                                 | Southern Co. (The), Pfd.                                   | CUSIP: 842587404<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |    645761 | NS      | $14723350.80  | 0.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Allstate Corp. (The)                               | Allstate Corp. (The), Series I, Pfd.                       | CUSIP: 020002812<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EP               | CORP              | US        |    433876 | NS      | $8768633.96   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| Arch Capital Group Ltd.                            | Arch Capital Group Ltd., Series F, Pfd.                    | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |    480103 | NS      | $10216591.84  | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Entergy Arkansas, LLC                              | Entergy Arkansas, LLC, Pfd.                                | CUSIP: 29364D100<br>LEI: 549300A0I5ONUIFMLP35 | Long             | EP               | CORP              | US        |    437099 | NS      | $9117885.14   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Oaktree Holdings, LLC                   | Brookfield Oaktree Holdings, LLC, Series A, Pfd.           | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |    265483 | NS      | $5673371.71   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                                | UMB Financial Corp., Pfd.                                  | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |    434101 | NS      | $11395151.25  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co., Series JJ, Pfd.                      | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   2155831 | NS      | $42362079.15  | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Triton International Ltd.                          | Triton International Ltd., Pfd.                            | CUSIP: EP0607697<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    221386 | NS      | $5656412.30   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Cadence Bank                                       | Cadence Bank, Series A, Pfd.                               | CUSIP: 12740C202<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EP               | CORP              | US        |    257395 | NS      | $5441330.30   | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Citizens Financial Group, Inc.                     | Citizens Financial Group, Inc., Pfd.                       | CUSIP: 174610600<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    577090 | NS      | $15223634.20  | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Private Government Fund                    | Invesco Private Government Fund                            | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  17766560 | NS      | $17766560.23  | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Stifel Financial Corp.                             | Stifel Financial Corp., Pfd.                               | CUSIP: 860630607<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    327435 | NS      | $6957993.75   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group, Inc.                     | Citizens Financial Group, Inc., Series E, Pfd.             | CUSIP: 174610402<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    651083 | NS      | $13028170.83  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Triton International Ltd.                          | Triton International Ltd., Pfd.                            | CUSIP: EP0580365<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    254482 | NS      | $6412946.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                     | DTE Energy Co., Series E, Pfd.                             | CUSIP: 233331859<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |    578637 | NS      | $13129273.53  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Wells Fargo & Co.                                  | Wells Fargo & Co., Series AA, Pfd.                         | CUSIP: 94988U128<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   1693423 | NS      | $32445984.68  | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Telephone and Data Systems, Inc.                   | Telephone and Data Systems, Inc., Series UU, Pfd.          | CUSIP: 879433787<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    602880 | NS      | $12660480.00  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc.                         | Huntington Bancshares Inc., Series C, Pfd.                 | CUSIP: 446150781<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |    258518 | NS      | $5806314.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp., Series NN, Pfd.                     | CUSIP: 06055H400<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1555754 | NS      | $28548085.90  | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of Hawaii Corp.                               | Bank of Hawaii Corp., Series A, Pfd.                       | CUSIP: 062545207<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EP               | CORP              | US        |    261674 | NS      | $4513876.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series I, Pfd.                             | CUSIP: 74460W628<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    405509 | NS      | $7980417.12   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| W. R. Berkley Corp.                                | W. R. Berkley Corp., Pfd.                                  | CUSIP: 084423870<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    435542 | NS      | $7700382.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Public Storage                                     | Public Storage, Series Q, Pfd.                             | CUSIP: 74460W446<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    206631 | NS      | $3324692.79   | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Hancock Whitney Corp.                              | Hancock Whitney Corp., Pfd.                                | CUSIP: 410120406<br>LEI: 549300GRNBWY8HIICT41 | Long             | EP               | CORP              | US        |    251745 | NS      | $5936147.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp.                             | Stifel Financial Corp., Series C, Pfd.                     | CUSIP: 860630870<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |    328266 | NS      | $7986711.78   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Wells Fargo & Co.                                  | Wells Fargo & Co., Series CC, Pfd.                         | CUSIP: 95002Y202<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |   1510485 | NS      | $26977262.10  | 0.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                              | Bank of America Corp., Series LL, Pfd.                     | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1878242 | NS      | $39029868.76  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Finance ULC              | Brookfield Infrastructure Finance ULC, Pfd.                | CUSIP: 11276B208<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    229935 | NS      | $5884036.65   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| QVC, Inc.                                          | QVC, Inc., Pfd.                                            | CUSIP: 747262400<br>LEI: 549300WBLU5NKPX5X472 | Long             | EP               | CORP              | US        |    714151 | NS      | $7105802.45   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series O, Pfd.                             | CUSIP: 74460W487<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    260961 | NS      | $4125793.41   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Realty Investment Trust                    | Federal Realty Investment Trust, Series C, Pfd.            | CUSIP: 313745200<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EP               | CORP              | US        |    216889 | NS      | $4504784.53   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of New York Mellon Corp. (The)                | Bank of New York Mellon Corp. (The), Series K, Pfd.        | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |    715156 | NS      | $18508237.28  | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Kimco Realty Corp.                                 | Kimco Realty Corp., Series L, Pfd.                         | CUSIP: 49446R737<br>LEI: 254900ARY41P4V1JL861 | Long             | EP               | CORP              | US        |    319156 | NS      | $6734191.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| W. R. Berkley Corp.                                | W. R. Berkley Corp., Pfd.                                  | CUSIP: 084423805<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    431903 | NS      | $8819459.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| American Financial Group, Inc.                     | American Financial Group, Inc., Pfd.                       | CUSIP: 025932864<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    296557 | NS      | $5180850.79   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| AT&T Inc.                                          | AT&T Inc., Pfd.                                            | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |   1914182 | NS      | $43203087.74  | 1.12%             |  |  |  | No            |                  1 | On Loan: —       |
| RenaissanceRe Holdings Ltd.                        | RenaissanceRe Holdings Ltd., Series G, Pfd.                | CUSIP: G7498P127<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |    719076 | NS      | $11771274.12  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.                         | Digital Realty Trust, Inc., Series J, Pfd.                 | CUSIP: 253868855<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |    320166 | NS      | $7072466.94   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Affiliated Managers Group, Inc.                    | Affiliated Managers Group, Inc., Pfd.                      | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |    292454 | NS      | $4746528.42   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp. (The)                         | Charles Schwab Corp. (The), Series J, Pfd.                 | CUSIP: 808513865<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    866448 | NS      | $16809091.20  | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank of America Corp.                              | Bank of America Corp., Series KK, Pfd.                     | CUSIP: 06053U601<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   2000047 | NS      | $44721050.92  | 1.16%             |  |  |  | No            |                  1 | On Loan: —       |
| M&T Bank Corp.                                     | M&T Bank Corp., Series H, Pfd.                             | CUSIP: 55261F872<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    367623 | NS      | $9098669.25   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Athene Holding Ltd.                                | Athene Holding Ltd., Series B, Pfd.                        | CUSIP: 04686J200<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |    499541 | NS      | $10570287.56  | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| American Financial Group, Inc.                     | American Financial Group, Inc., Pfd.                       | CUSIP: 025932872<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |    215691 | NS      | $4624415.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| MetLife, Inc.                                      | MetLife, Inc., Series E, Pfd.                              | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   1163264 | NS      | $28616294.40  | 0.74%             |  |  |  | No            |                  1 | On Loan: —       |
| Hartford Insurance Group, Inc. (The)               | Hartford Insurance Group, Inc. (The), Series G, Pfd.       | CUSIP: 416518603<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EP               | CORP              | US        |    498677 | NS      | $12466925.00  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| W. R. Berkley Corp.                                | W. R. Berkley Corp., Pfd.                                  | CUSIP: 084423706<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    266793 | NS      | $6258963.78   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Brighthouse Financial, Inc.                        | Brighthouse Financial, Inc., Series C, Pfd.                | CUSIP: 10922N707<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    834668 | NS      | $12469939.92  | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Corebridge Financial, Inc.                         | Corebridge Financial, Inc., Pfd.                           | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |    861892 | NS      | $20685408.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Citizens Financial Group, Inc.                     | Citizens Financial Group, Inc., Series I, Pfd.             | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    391075 | NS      | $9862911.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                     | Public Storage, Series P, Pfd.                             | CUSIP: 74460W461<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |    876168 | NS      | $14132589.84  | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Huntington Bancshares Inc.                         | Huntington Bancshares Inc., Series H, Pfd.                 | CUSIP: 446150823<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |    716446 | NS      | $13096632.88  | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Huntington Bancshares Inc.                         | Huntington Bancshares Inc., Series J, Pfd.                 | CUSIP: 446150773<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |    470510 | NS      | $11913313.20  | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| W. R. Berkley Corp.                                | W. R. Berkley Corp., Pfd.                                  | CUSIP: 084423888<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |    357223 | NS      | $6312130.41   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp., Series A, Pfd.                          | CUSIP: 26441C501<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EP               | CORP              | US        |   1449936 | NS      | $35813419.20  | 0.93%             |  |  |  | No            |                  1 | On Loan: —       |
| Entergy New Orleans, LLC                           | Entergy New Orleans, LLC, Pfd.                             | CUSIP: 29364P103<br>LEI: 1Q8BAFRNDFTDI3IGJH73 | Long             | EP               | CORP              | US        |    319342 | NS      | $7172421.32   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Invesco Exchange-Traded Fund Trust II

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President