# EDGAR Filing Document

**Accession Number:** 0001004244
**File Stem:** 0001004244-25-000004
**Filing Date:** 2025-11
**Character Count:** 17930
**Document Hash:** b89eb2f122a8cc3daebf16f32c1e561a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004244-25-000004.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001004244-25-000004

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW ENGLAND ASSET MANAGEMENT INC
- **CENTRAL INDEX KEY:** 0001004244

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

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-05194
- **FILM NUMBER:** 251487458

**BUSINESS ADDRESS:**
- **STREET 1:** 74 BATTERSON PARK ROAD
- **STREET 2:** POND VIEW COPORATE CENTER
- **CITY:** FARMINGTON
- **STATE:** CT
- **ZIP:** 06032
- **BUSINESS PHONE:** 8606768722

**MAIL ADDRESS:**
- **STREET 1:** 74 BATTERSON PARK ROAD
- **STREET 2:** POND VIEW CORPORATE CENTER
- **CITY:** FARMINGTON
- **STATE:** CT
- **ZIP:** 06032

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GENERAL RE NEW ENGLAND ASSET MANAGEMENT INC
- **DATE OF NAME CHANGE:** 19990426

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

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

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

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** NEW ENGLAND ASSET MANAGEMENT INC<br>**Address:** 74 BATTERSON PARK ROAD<br>POND VIEW CORPORATE CENTER<br>FARMINGTON, CT 06032

**Form 13F File Number:** 028-05194

**CRD Number (if applicable):** 000105900

**SEC File Number (if applicable):** 801-22445

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

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

**Name:** William E. Rotatori<br>**Title:** CEO<br>**Phone:** 860-676-8722

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

/s/  William E. Rotatori  Farmington, CT  11-14-2025<br>[Signature]  [City, State]  [Date]

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

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

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

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

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 127

**Form 13F Information Table Value Total:** $765101139

      (round to nearest dollar)

**List of Other Included Managers:**

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

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

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBOTT LABS | COM | 002824100 | BBG001S5N9M6 | 2027182 | 15135 | SH |  | SOLE |  | 15135 | 0 | 0 |
| ABBVIE INC | COM | 00287Y109 | BBG0025Y4RZ3 | 5178392 | 22365 | SH |  | SOLE |  | 22365 | 0 | 0 |
| ALEXANDRIA REAL ESTATE EQ IN | COM | 015271109 | BBG001S6CPH6 | 3735716 | 44825 | SH |  | SOLE |  | 44825 | 0 | 0 |
| ALLIANT ENERGY CORP | COM | 018802108 | BBG001S8ZQ30 | 5793215 | 85940 | SH |  | SOLE |  | 85940 | 0 | 0 |
| ALPHABET INC | CAP STK CL A | 02079K305 | BBG009S39JY5 | 1262905 | 5195 | SH |  | SOLE |  | 5195 | 0 | 0 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 | BBG001S5NFD2 | 3864938 | 34355 | SH |  | SOLE |  | 34355 | 0 | 0 |
| AMERICAN EXPRESS CO | COM | 025816109 | BBG001S5P034 | 2770214 | 8340 | SH |  | SOLE |  | 8340 | 0 | 0 |
| AMGEN INC | COM | 031162100 | BBG001S5NNL6 | 6061656 | 21480 | SH |  | SOLE |  | 21480 | 0 | 0 |
| APPLE INC | COM | 037833100 | BBG001S5N8V8 | 861159 | 3382 | SH |  | SOLE |  | 0 | 0 | 3382 |
| ARES CAPITAL CORP | COM | 04010L103 | BBG001SL96Z9 | 4610619 | 225900 | SH |  | OTR |  | 0 | 0 | 225900 |
| AT INC | COM | 00206R102 | BBG001S5VWH2 | 8624355 | 305395 | SH |  | SOLE |  | 284995 | 0 | 20400 |
| BANK AMERICA CORP | 7.25%CNV PFD L | 060505682 |  | 12076800 | 9435 | SH |  | OTR |  | 0 | 0 | 9435 |
| BANK AMERICA CORP | COM | 060505104 | BBG001S5P0Y0 | 8715357 | 168935 | SH |  | SOLE |  | 168935 | 0 | 0 |
| BECTON DICKINSON  CO | COM | 075887109 | BBG001S5P374 | 6860716 | 36655 | SH |  | SOLE |  | 36655 | 0 | 0 |
| BLACKROCK TCP CAPITAL CORP | COM | 09259E108 | BBG001V17VG7 | 1054211 | 170034 | SH |  | OTR |  | 0 | 0 | 170034 |
| BNY MELLON ETF TRUST | CORE BOND ETF | 09661T602 | BBG00RYR57H4 | 4260 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 | BBG001S8N8J6 | 1805624 | 40036 | SH |  | SOLE |  | 40036 | 0 | 0 |
| BROADCOM INC | COM | 11135F101 | BBG00KHY5SY8 | 2111424 | 6400 | SH |  | SOLE |  | 6400 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 | BBG001S67ZC5 | 5355176 | 34485 | SH |  | SOLE |  | 34485 | 0 | 0 |
| CISCO SYS INC | COM | 17275R102 | BBG001S6HC62 | 7593320 | 110981 | SH |  | SOLE |  | 110981 | 0 | 0 |
| CMS ENERGY CORP | COM | 125896100 | BBG001S5PYJ3 | 6114646 | 83465 | SH |  | SOLE |  | 83465 | 0 | 0 |
| COCA COLA CO | COM | 191216100 | BBG001S5SMQ8 | 5979478 | 90161 | SH |  | SOLE |  | 90161 | 0 | 0 |
| CONOCOPHILLIPS | COM | 20825C104 | BBG001S5TZM2 | 1135080 | 12000 | SH |  | SOLE |  | 12000 | 0 | 0 |
| CRH PLC | ORD | G25508105 | BBG001S61NK9 | 7763525 | 64750 | SH |  | SOLE |  | 64750 | 0 | 0 |
| CSX CORP | COM | 126408103 | BBG001S5Q7Q3 | 7413600 | 208775 | SH |  | SOLE |  | 208775 | 0 | 0 |
| CVS HEALTH CORP | COM | 126650100 | BBG001S5QBD8 | 7214069 | 95690 | SH |  | SOLE |  | 95690 | 0 | 0 |
| DBX ETF TR | XTRACKERS LOW | 233051267 | BBG00JQCHVS6 | 5438 | 115 | SH |  | SOLE |  | 0 | 0 | 115 |
| DISNEY WALT CO | COM | 254687106 | BBG001S5QHF3 | 1304728 | 11395 | SH |  | SOLE |  | 11395 | 0 | 0 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 | BBG001S5QNR7 | 8963831 | 72435 | SH |  | SOLE |  | 72435 | 0 | 0 |
| EDISON INTL | COM | 281020107 | BBG001S7MY75 | 3595964 | 65050 | SH |  | SOLE |  | 65050 | 0 | 0 |
| EOG RES INC | COM | 26875P101 | BBG001S5ZB93 | 1313486 | 11715 | SH |  | SOLE |  | 11715 | 0 | 0 |
| EXELON CORP | COM | 30161N101 | BBG001SBJMT2 | 5504498 | 122295 | SH |  | SOLE |  | 122295 | 0 | 0 |
| EXXON MOBIL CORP | COM | 30231G102 | BBG001S69V32 | 4544389 | 40305 | SH |  | SOLE |  | 40305 | 0 | 0 |
| FIFTH THIRD BANCORP | COM | 316773100 | BBG001S5R6S2 | 6438143 | 144515 | SH |  | SOLE |  | 144515 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | NASDAQ CYB ETF | 33734X846 | BBG009K1H2W7 | 87412 | 1150 | SH |  | SOLE |  | 0 | 0 | 1150 |
| FIRSTENERGY CORP | COM | 337932107 | BBG001S5R3N4 | 5072961 | 110715 | SH |  | SOLE |  | 110715 | 0 | 0 |
| GENERAL MLS INC | COM | 370334104 | BBG001S5RKR2 | 1559743 | 30935 | SH |  | SOLE |  | 30935 | 0 | 0 |
| GOLDMAN SACHS ETF TR | ACCESS HIG YLD | 381430453 | BBG00H5VPNM6 | 5504 | 120 | SH |  | SOLE |  | 0 | 0 | 120 |
| GOLUB CAP BDC INC | COM | 38173M102 | BBG001T63BY7 | 3188072 | 232876 | SH |  | OTR |  | 0 | 0 | 232876 |
| HOME DEPOT INC | COM | 437076102 | BBG001S5RTW7 | 3609838 | 8909 | SH |  | SOLE |  | 8909 | 0 | 0 |
| HONEYWELL INTL INC | COM | 438516106 | BBG001S5X1N1 | 1004085 | 4770 | SH |  | SOLE |  | 4770 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 | BBG001S5S399 | 4080034 | 14460 | SH |  | SOLE |  | 14460 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | BBG001V0MBC0 | 5128 | 245 | SH |  | SOLE |  | 0 | 0 | 245 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 | BBG001STKGB3 | 5458 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 | BBG00KJR2NN7 | 12897704 | 67990 | SH |  | SOLE |  | 14165 | 0 | 53825 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 | BBG001S9GN63 | 3978652 | 6627 | SH |  | SOLE |  | 0 | 0 | 6627 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 | BBG003HC3DG9 | 323008 | 4900 | SH |  | SOLE |  | 0 | 0 | 4900 |
| ISHARES TR | 0-5YR INVT GR CP | 46434V100 | BBG005DW0468 | 5083 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| ISHARES TR | 10+ YR INVST GRD | 464289511 | BBG001T5MKD1 | 5154 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| ISHARES TR | BROAD USD HIGH | 46435U853 | BBG00J2DS0J6 | 2007818 | 53145 | SH |  | SOLE |  | 0 | 0 | 53145 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 | BBG003H6TRS0 | 48720726 | 558020 | SH |  | SOLE |  | 12700 | 0 | 545320 |
| ISHARES TR | CORE MSCI EURO | 46434V738 | BBG006MJ8984 | 1790875 | 26290 | SH |  | SOLE |  | 0 | 0 | 26290 |
| ISHARES TR | CORE MSCI INTL | 46435G326 | BBG00G9DM0M7 | 33718299 | 420585 | SH |  | SOLE |  | 0 | 0 | 420585 |
| ISHARES TR | CORE S MCP ETF | 464287507 | BBG001SFC7V0 | 15707103 | 240685 | SH |  | SOLE |  | 58645 | 0 | 182040 |
| ISHARES TR | CORE S SCP ETF | 464287804 | BBG001SFC7W9 | 5242185 | 44115 | SH |  | SOLE |  | 8900 | 0 | 35215 |
| ISHARES TR | CORE S ETF | 464287200 | BBG001SFB7R6 | 26092661 | 38985 | SH |  | SOLE |  | 15625 | 0 | 23360 |
| ISHARES TR | CORE US AGGBD ET | 464287226 | BBG001SM1QT8 | 5013 | 50 | SH |  | SOLE |  | 0 | 0 | 50 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 | BBG001V1QYX1 | 5109 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| ISHARES TR | IBOXX HI YD ETF | 464288513 | BBG001ST0ZQ7 | 3961260 | 48790 | SH |  | SOLE |  | 0 | 0 | 48790 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 | BBG001S60QR6 | 2786750 | 25000 | SH |  | SOLE |  | 0 | 0 | 25000 |
| ISHARES TR | MBS ETF | 464288588 | BBG001SSD8B1 | 589835 | 6199 | SH |  | SOLE |  | 0 | 0 | 6199 |
| ISHARES TR | MSCI USA MIN VOL | 46429B697 | BBG0025X2G81 | 2773331 | 29150 | SH |  | SOLE |  | 0 | 0 | 29150 |
| ISHARES TR | PFD AND INCM SEC | 464288687 | BBG001SNVWC8 | 189720 | 6000 | SH |  | SOLE |  | 0 | 0 | 6000 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 | BBG001SFC7Y7 | 912189 | 3770 | SH |  | SOLE |  | 0 | 0 | 3770 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 5247043 | 36925 | SH |  | SOLE |  | 7000 | 0 | 29925 |
| ISHARES TR | SELECT DIVID ETF | 464287168 | BBG001SDJVG2 | 401433 | 2825 | SH |  | OTR |  | 0 | 0 | 2825 |
| ISHARES U S ETF TR | SHORT DURATION B | 46431W507 | BBG0059KNK04 | 5128 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| JOHNSON  JOHNSON | COM | 478160104 | BBG001S5SHQ9 | 11890799 | 64129 | SH |  | DFND |  | 64129 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 | BBG001S8CRC3 | 14251127 | 45180 | SH |  | SOLE |  | 41865 | 0 | 3315 |
| JPMORGAN CHASE FINL CO LLC | CAL LKD 44 | 48133Q309 | BBG01L70PZ45 | 2737980 | 92750 | SH |  | OTR |  | 0 | 0 | 92750 |
| KEYCORP | COM | 493267108 | BBG001S5SKV6 | 8512921 | 455480 | SH |  | SOLE |  | 455480 | 0 | 0 |
| KINDER MORGAN INC DEL | COM | 49456B101 | BBG001TG2YZ5 | 3552622 | 125490 | SH |  | SOLE |  | 125490 | 0 | 0 |
| KRAFT HEINZ CO | COM | 500754106 | BBG005CPNTR1 | 4066797 | 156175 | SH |  | SOLE |  | 156175 | 0 | 0 |
| LAMAR ADVERTISING CO NEW | CL A | 512816109 | BBG001S8KJC2 | 7149940 | 58405 | SH |  | SOLE |  | 58405 | 0 | 0 |
| LOCKHEED MARTIN CORP | COM | 539830109 | BBG001S7PS57 | 9170488 | 18370 | SH |  | SOLE |  | 18370 | 0 | 0 |
| MCDONALDS CORP | COM | 580135101 | BBG001S5T110 | 3097247 | 10192 | SH |  | SOLE |  | 10192 | 0 | 0 |
| MEDTRONIC PLC | SHS | G5960L103 | BBG001S5T2S9 | 1672891 | 17565 | SH |  | SOLE |  | 17565 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 | BBG001S5TC52 | 5501612 | 65550 | SH |  | SOLE |  | 65550 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 | BBG001S5TD05 | 1929364 | 3725 | SH |  | SOLE |  | 3725 | 0 | 0 |
| MOLSON COORS BEVERAGE CO | CL B | 60871R209 | BBG001S5VQ21 | 4062998 | 89790 | SH |  | SOLE |  | 89790 | 0 | 0 |
| MONDELEZ INTL INC | CL A | 609207105 | BBG001SHHZJ3 | 1155695 | 18500 | SH |  | SOLE |  | 18500 | 0 | 0 |
| NXP SEMICONDUCTORS N V | COM | N6596X109 | BBG001SF62F6 | 4972485 | 21835 | SH |  | SOLE |  | 21835 | 0 | 0 |
| PEPSICO INC | COM | 713448108 | BBG001S695T1 | 3945240 | 28092 | SH |  | SOLE |  | 28092 | 0 | 0 |
| PFIZER INC | COM | 717081103 | BBG001S5V466 | 4778086 | 187523 | SH |  | SOLE |  | 187523 | 0 | 0 |
| PGIM ETF TR | PGIM ULTRA SH BD | 69344A107 | BBG00KJQ1QS8 | 4983 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| PIMCO ETF TR | ENHAN SHRT MA AC | 72201R833 | BBG001T618D9 | 5035 | 50 | SH |  | SOLE |  | 0 | 0 | 50 |
| PNC FINL SVCS GROUP INC | COM | 693475105 | BBG001S5V947 | 4307939 | 21440 | SH |  | SOLE |  | 21440 | 0 | 0 |
| PPL CORP | COM | 69351T106 | BBG001S5VC31 | 9976345 | 268470 | SH |  | SOLE |  | 268470 | 0 | 0 |
| PROCTER AND GAMBLE CO | COM | 742718109 | BBG001S5V4L9 | 7167773 | 46650 | SH |  | SOLE |  | 46650 | 0 | 0 |
| PUBLIC SVC ENTERPRISE GRP IN | COM | 744573106 | BBG001S5V3C1 | 6465897 | 77473 | SH |  | SOLE |  | 77473 | 0 | 0 |
| QUALCOMM INC | COM | 747525103 | BBG001S6VS70 | 7578696 | 45556 | SH |  | SOLE |  | 45556 | 0 | 0 |
| REALTY INCOME CORP | COM | 756109104 | BBG001S884K0 | 4366850 | 71835 | SH |  | SOLE |  | 71835 | 0 | 0 |
| RTX CORPORATION | COM | 75513E101 | BBG001S5X5Q9 | 4802371 | 28700 | SH |  | SOLE |  | 28700 | 0 | 0 |
| SCHWAB STRATEGIC TR | US AGGREGATE B | 808524839 | BBG001WBMLH8 | 4694 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 | BBG001T5XQV6 | 1045040 | 39675 | SH |  | SOLE |  | 0 | 0 | 39675 |
| SHELL PLC | SPON ADS | 780259305 | BBG0147BN6H1 | 6235628 | 87175 | SH |  | SOLE |  | 87175 | 0 | 0 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 | BBG001S8LH99 | 2045093 | 4410 | SH |  | SOLE |  | 0 | 0 | 4410 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 | BBG001S72SM3 | 66753901 | 100204 | SH |  | SOLE |  | 14640 | 0 | 85564 |
| SPDR SERIES TRUST | BLOOMBERG HIGH Y | 78468R622 | BBG001SQS7X7 | 1494935 | 15256 | SH |  | SOLE |  | 0 | 0 | 15256 |
| SPDR SERIES TRUST | PORTFOLIO INTRMD | 78464A375 | BBG001T2HCY9 | 5084 | 150 | SH |  | SOLE |  | 0 | 0 | 150 |
| SPDR SERIES TRUST | PORTFOLIO LN COR | 78464A367 | BBG001SRZBZ6 | 69360 | 3000 | SH |  | SOLE |  | 0 | 0 | 3000 |
| SPDR SERIES TRUST | PORTFOLIO S | 78464A854 | BBG001SPTB87 | 1044272 | 13330 | SH |  | SOLE |  | 0 | 0 | 13330 |
| SPDR SERIES TRUST | PORTFOLIO SH TSR | 78468R101 | BBG0029J2KF1 | 5864 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| SYSCO CORP | COM | 871829107 | BBG001S5WJS8 | 10740430 | 130440 | SH |  | SOLE |  | 130440 | 0 | 0 |
| TEXAS INSTRS INC | COM | 882508104 | BBG001S5WYZ7 | 4425505 | 24087 | SH |  | SOLE |  | 24087 | 0 | 0 |
| THE CAMPBELLS COMPANY | COM | 134429109 | BBG001S5Q2B0 | 2064227 | 65365 | SH |  | SOLE |  | 65365 | 0 | 0 |
| THE CIGNA GROUP | COM | 125523100 | BBG00KXRCDQ9 | 6696048 | 23230 | SH |  | SOLE |  | 23230 | 0 | 0 |
| TIDAL TRUST III | AFFORDABLE HOUS | 74741A106 | BBG01LYMQ3P4 | 5217 | 300 | SH |  | SOLE |  | 0 | 0 | 300 |
| UNILEVER PLC | SPON ADR NEW | 904767704 | BBG001S5X1K4 | 6664258 | 112420 | SH |  | SOLE |  | 112420 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 | BBG001S5X2M0 | 3805557 | 16100 | SH |  | SOLE |  | 16100 | 0 | 0 |
| US BANCORP DEL | COM NEW | 902973304 | BBG001S6T8C1 | 8134422 | 168310 | SH |  | DFND |  | 168310 | 0 | 0 |
| VANECK ETF TRUST | FALLEN ANGEL HG | 92189F437 | BBG002VZY7Y3 | 5500 | 185 | SH |  | SOLE |  | 0 | 0 | 185 |
| VANECK ETF TRUST | IG FLOATING RATE | 92189F486 | BBG001V14Q53 | 5114 | 200 | SH |  | SOLE |  | 0 | 0 | 200 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 | BBG001ST39R1 | 5857 | 75 | SH |  | SOLE |  | 0 | 0 | 75 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 | BBG004N1LGK2 | 4946 | 100 | SH |  | SOLE |  | 0 | 0 | 100 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 | BBG001TC6MC1 | 56694141 | 92580 | SH |  | SOLE |  | 10075 | 0 | 82505 |
| VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | BBG001SHTTV0 | 1866415 | 7340 | SH |  | SOLE |  | 0 | 0 | 7340 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 | BBG001SHTB03 | 24811292 | 75605 | SH |  | SOLE |  | 40320 | 0 | 35285 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 | BBG001T62KZ7 | 5995 | 75 | SH |  | SOLE |  | 0 | 0 | 75 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 | BBG001SS0V24 | 35369994 | 250940 | SH |  | SOLE |  | 159350 | 0 | 91590 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 | BBG001SHTTR5 | 197857 | 265 | SH |  | SOLE |  | 0 | 0 | 265 |
| VERISK ANALYTICS INC | COM | 92345Y106 | BBG001SBRX64 | 7293790 | 29000 | SH |  | OTR |  | 29000 | 0 | 0 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 | BBG001S67QY1 | 8749786 | 199085 | SH |  | SOLE |  | 199085 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 | BBG011386VG3 | 96381 | 4935 | SH |  | SOLE |  | 0 | 0 | 4935 |
| WELLS FARGO CO NEW | COM | 949746101 | BBG001S5XF23 | 11011014 | 131365 | SH |  | DFND |  | 131365 | 0 | 0 |
| WELLS FARGO CO NEW | PERP PFD CNV A | 949746804 |  | 16385200 | 13275 | SH |  | OTR |  | 0 | 0 | 13275 |
| WILLSCOT HLDGS CORP | COM CL A | 971378104 | BBG00B0FS9V7 | 591713 | 28030 | SH |  | SOLE |  | 28030 | 0 | 0 |

---