# EDGAR Filing Document

**Accession Number:** 0001710607
**File Stem:** 0001145549-25-048379
**Filing Date:** 2025-7
**Character Count:** 78274
**Document Hash:** 8893cad3c9689cde80af51f7ed12547e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048379.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001145549-25-048379

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY ETF TRUST
- **CENTRAL INDEX KEY:** 0001710607

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23305
- **FILM NUMBER:** 251153176

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** (816) 531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** American Century ETF Trust
- **DATE OF NAME CHANGE:** 20170628

## Series and Classes Contracts Data

### American Century Quality Preferred ETF (Series ID: S000070041)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000222949 | American Century Quality Preferred ETF | QPFF            |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**American Century**<sup>®</sup> **Quality Preferred ETF (QPFF)**

**May 31, 2025**

------

---

| |
|:---|
| **<u>Quality Preferred ETF - Schedule of Investments</u>** |
| **MAY 31, 2025 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares/Principal<br>Amount ($)** | **Value ($)** |
| **PREFERRED SECURITIES — 65.3%** | | |
| **Automobiles — 2.1%** | | |
| Ford Motor Co., 6.00% | 22317 | 462408 |
| Ford Motor Co., 6.20% | 14510 | 300357 |
| Ford Motor Co., 6.50% | 30196 | 655857 |
|  |  | 1418622 |
| **Banks — 17.8%** |  |  |
| Bank of America Corp., 5.00% | 37998 | 743241 |
| Bank of America Corp., 5.08% | 10959 | 223673 |
| Bank of America Corp., 5.24% | 14404 | 290817 |
| Bank of America Corp., 5.875% | 850000 | 856363 |
| Citizens Financial Group, Inc., 5.00% | 16520 | 313384 |
| First Citizens BancShares, Inc., 5.625%<sup>(1)</sup> | 7735 | 166457 |
| Huntington Bancshares, Inc., 4.50% | 17301 | 295501 |
| JPMorgan Chase & Co., 4.20% | 28090 | 498036 |
| JPMorgan Chase & Co., 4.55% | 18588 | 350570 |
| JPMorgan Chase & Co., 4.625% | 18804 | 358592 |
| JPMorgan Chase & Co., 4.75% | 25546 | 506322 |
| M&T Bank Corp., 7.50%<sup>(1)</sup> | 38957 | 1012103 |
| PNC Financial Services Group, Inc., 5.00% | 85000 | 84595 |
| PNC Financial Services Group, Inc., 6.20%<sup>(1)</sup> | 437000 | 444202 |
| PNC Financial Services Group, Inc., 6.25% | 467000 | 469991 |
| Regions Financial Corp., 4.45%<sup>(1)</sup> | 16845 | 284849 |
| Regions Financial Corp., 5.70% | 21927 | 497304 |
| Regions Financial Corp., 6.95%<sup>(1)</sup> | 27616 | 703932 |
| Truist Financial Corp., 4.75% | 27447 | 508044 |
| Truist Financial Corp., 5.125% | 179000 | 176219 |
| Truist Financial Corp., 5.25% | 34648 | 722064 |
| U.S. Bancorp, 5.12% | 63636 | 1307083 |
| Wells Fargo & Co., 3.90% | 63000 | 62070 |
| Wells Fargo & Co., 4.75% | 25872 | 475269 |
| Wells Fargo & Co., 5.625%<sup>(1)</sup> | 29665 | 656486 |
|  |  | 12007167 |
| **Capital Markets — 10.6%** |  |  |
| Affiliated Managers Group, Inc., 4.20% | 20614 | 304469 |
| Affiliated Managers Group, Inc., 4.75% | 13868 | 226742 |
| Affiliated Managers Group, Inc., 5.875% | 46217 | 942827 |
| Brookfield Finance, Inc., 4.625% | 7327 | 117892 |
| Brookfield Oaktree Holdings LLC, 6.55% | 21532 | 461861 |
| Brookfield Oaktree Holdings LLC, 6.625% | 21282 | 441814 |
| Morgan Stanley, 4.25%<sup>(1)</sup> | 38091 | 646785 |
| Morgan Stanley, 5.22% | 2058 | 45605 |
| Morgan Stanley, 5.85% | 48960 | 1126080 |
| Morgan Stanley, 6.375% | 19888 | 489046 |
| Morgan Stanley, 6.50% | 7786 | 199166 |
| State Street Corp., 5.35% | 66036 | 1471282 |
| Stifel Financial Corp., 5.20% | 11795 | 240500 |
| TPG Operating Group II LP, 6.95% | 18162 | 439339 |
|  |  | 7153408 |
| **Chemicals — 0.3%** |  |  |
| EIDP, Inc., 4.50% | 3203 | 216811 |

---

------

---

| | | |
|:---|:---|:---|
| **Consumer Finance — 6.1%** | | |
| Capital One Financial Corp., 4.25% | 7553 | 122736 |
| Capital One Financial Corp., 4.375% | 22679 | 370802 |
| Capital One Financial Corp., 4.80% | 55928 | 993841 |
| Capital One Financial Corp., 5.00% | 47255 | 886031 |
| Synchrony Financial, 8.25% | 70289 | 1754413 |
|  |  | 4127823 |
| **Diversified Telecommunication Services — 2.1%** |  |  |
| AT&T, Inc., 4.75% | 38089 | 721786 |
| AT&T, Inc., 5.00% | 30183 | 601849 |
| AT&T, Inc., 5.35% | 4425 | 97527 |
|  |  | 1421162 |
| **Electric Utilities — 5.1%** |  |  |
| BIP Bermuda Holdings I Ltd., 5.125% | 14991 | 241205 |
| Brookfield Infrastructure Finance ULC, 5.00% | 20474 | 330246 |
| SCE Trust IV, 5.375% | 14628 | 333518 |
| SCE Trust V, 5.45% | 38075 | 873060 |
| SCE Trust VII, 7.50% | 36985 | 847326 |
| Southern Co., 4.20% | 48506 | 842549 |
|  |  | 3467904 |
| **Financial Services — 2.3%** |  |  |
| Equitable Holdings, Inc., 4.30% | 20672 | 341088 |
| Equitable Holdings, Inc., 5.25% | 39625 | 782594 |
| Jackson Financial, Inc., 8.00%<sup>(1)</sup> | 15550 | 403989 |
|  |  | 1527671 |
| **Independent Power and Renewable Electricity Producers — 2.5%** |  |  |
| Tennessee Valley Authority, 2.22% | 43755 | 1016429 |
| Tennessee Valley Authority, 5.86% | 11234 | 265347 |
| Vistra Corp., 8.00%<sup>(2)</sup> | 360000 | 369697 |
|  |  | 1651473 |
| **Insurance — 9.2%** |  |  |
| American Financial Group, Inc., 5.125% | 11381 | 205541 |
| American Financial Group, Inc., 5.625% | 10057 | 200235 |
| Arch Capital Group Ltd., 4.55% | 22233 | 375960 |
| Arch Capital Group Ltd., 5.45% | 15392 | 314612 |
| Assurant, Inc., 5.25% | 17623 | 348230 |
| Athene Holding Ltd., 4.875% | 29098 | 493502 |
| Athene Holding Ltd., 7.75% | 22105 | 561467 |
| Axis Capital Holdings Ltd., 5.50% | 48089 | 964665 |
| F&G Annuities & Life, Inc., 7.30% | 30051 | 698686 |
| F&G Annuities & Life, Inc., 7.95% | 15129 | 386092 |
| Globe Life, Inc., 4.25% | 12922 | 198999 |
| Lincoln National Corp., 9.00% | 16373 | 437159 |
| Reinsurance Group of America, Inc., 5.75% | 17595 | 434245 |
| RenaissanceRe Holdings Ltd., 5.75% | 11566 | 245083 |
| W.R. Berkley Corp., 5.10% | 8411 | 161071 |
| W.R. Berkley Corp., 5.70%<sup>(1)</sup> | 8790 | 189952 |
|  |  | 6215499 |
| **Oil, Gas and Consumable Fuels — 1.4%** |  |  |
| Energy Transfer LP, 6.625% | 359000 | 354923 |
| Energy Transfer LP, 7.125% | 588000 | 591997 |
|  |  | 946920 |
| **Retail REITs — 0.7%** |  |  |
| Agree Realty Corp., 4.25% | 12299 | 212158 |

---

------

---

| | | |
|:---|:---|:---|
| Kimco Realty Corp., 5.25% | 13279 | 269431 |
|  |  | 481589 |
| **Specialized REITs — 3.5%** |  |  |
| EPR Properties, 5.75% | 10563 | 209781 |
| National Storage Affiliates Trust, 6.00%<sup>(1)</sup> | 11644 | 270956 |
| Public Storage, 3.875% | 15266 | 235707 |
| Public Storage, 3.90% | 5583 | 86257 |
| Public Storage, 4.00% | 26078 | 415944 |
| Public Storage, 4.00% | 26875 | 428388 |
| Public Storage, 4.10% | 13410 | 217913 |
| Public Storage, 4.875% | 9418 | 182615 |
| Public Storage, 5.60% | 12340 | 279254 |
|  |  | 2326815 |
| **Wireless Telecommunication Services — 1.6%** |  |  |
| U.S. Cellular Corp., 5.50% | 22576 | 498252 |
| U.S. Cellular Corp., 6.25% | 22674 | 548258 |
|  |  | 1046510 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $47,443,473) |  | **44009374** |
| **CONVERTIBLE PREFERRED SECURITIES — 19.1%** |  |  |
| **Aerospace and Defense — 3.5%** |  |  |
| Boeing Co., 6.00%, 10/15/27 | 34924 | 2370816 |
| **Banks — 3.0%** |  |  |
| Wells Fargo & Co., 7.50% | 1778 | 2027291 |
| **Capital Markets — 2.8%** |  |  |
| Ares Management Corp., 6.75%, 10/1/27 | 35897 | 1890695 |
| **Electric Utilities — 4.9%** |  |  |
| NextEra Energy, Inc., 6.93%, 9/1/25 | 71820 | 2887757 |
| NextEra Energy, Inc., 7.30%, 6/1/27 | 8418 | 399687 |
|  |  | 3287444 |
| **Financial Services — 2.3%** |  |  |
| Apollo Global Management, Inc., 6.75%, 7/31/26 | 21676 | 1518968 |
| **Machinery — 0.8%** |  |  |
| Chart Industries, Inc., 6.75%, 12/15/25 | 9250 | 544501 |
| **Technology Hardware, Storage and Peripherals — 1.8%** |  |  |
| Hewlett Packard Enterprise Co., 7.625%, 9/1/27 | 24200 | 1239524 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $13,486,846) |  | **12879239** |
| **CORPORATE BONDS — 12.4%** |  |  |
| **Banks — 2.0%** |  |  |
| JPMorgan Chase & Co., 8.75%, 9/1/30 | 1141000 | 1340615 |
| **Diversified Telecommunication Services — 0.8%** |  |  |
| Bell Telephone Co. of Canada or Bell Canada, VRN, 7.00%, 9/15/55 | 550000 | 552861 |
| **Electric Utilities — 0.9%** |  |  |
| American Electric Power Co., Inc., VRN, 6.95%, 12/15/54 | 571000 | 585297 |
| **Financial Services — 0.2%** |  |  |
| Corebridge Financial, Inc., VRN, 6.875%, 12/15/52 | 163000 | 165540 |
| **Gas Utilities — 1.6%** |  |  |
| Northwest Natural Holding Co., VRN, 7.00%, 9/15/55 | 1050000 | 1049038 |
| **Insurance — 4.7%** |  |  |
| ACE Capital Trust II, 9.70%, 4/1/30 | 366000 | 436338 |
| Aegon Ltd., VRN, 5.50%, 4/11/48 | 191000 | 190113 |
| Allstate Corp., VRN, 6.50%, 5/15/67 | 1098999 | 1103719 |
| Athene Holding Ltd., VRN, 6.625%, 10/15/54 | 891000 | 878384 |
| MetLife Capital Trust IV, 7.875%, 12/15/67<sup>(2)</sup> | 171000 | 185901 |

---

------

---

| | | |
|:---|:---|:---|
| MetLife, Inc., 9.25%, 4/8/68<sup>(2)</sup> | 159000 | 186615 |
| Nippon Life Insurance Co., VRN, 3.40%, 1/23/50<sup>(2)</sup> | 175000 | 161219 |
|  |  | 3142289 |
| **Multi-Utilities — 0.2%** |  |  |
| NiSource, Inc., VRN, 6.375%, 3/31/55 | 116000 | 115100 |
| **Oil, Gas and Consumable Fuels — 1.8%** |  |  |
| Enbridge, Inc., VRN, 5.50%, 7/15/77 | 275000 | 268588 |
| Enbridge, Inc., VRN, 7.375%, 1/15/83 | 334000 | 340076 |
| Enbridge, Inc., VRN, 8.25%, 1/15/84 | 213000 | 223816 |
| Enbridge, Inc., VRN, 8.50%, 1/15/84 | 266000 | 289307 |
| Enterprise Products Operating LLC, VRN, 5.375%, 2/15/78 | 87000 | 84648 |
|  |  | 1206435 |
| **Wireless Telecommunication Services — 0.2%** |  |  |
| Vodafone Group PLC, VRN, 5.125%, 6/4/81 | 223000 | 165403 |
| **TOTAL CORPORATE BONDS**<br>(Cost $8,229,886) |  | **8322578** |
| **SHORT-TERM INVESTMENTS — 4.8%** |  |  |
| **Money Market Funds — 4.8%** |  |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 897065 | 897065 |
| State Street Navigator Securities Lending Government Money Market Portfolio<sup>(3)</sup> | 2355753 | 2355753 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $3,252,818) |  | **3252818** |
| **TOTAL INVESTMENT SECURITIES — 101.6%**<br>(Cost $72,413,023) |  | **68464009** |
| **OTHER ASSETS AND LIABILITIES — (1.6)%** |  | **(1089745)** |
| **TOTAL NET ASSETS — 100.0%** |  | $**67374264** |

---

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |

---

(1)Security, or a portion thereof, is on loan. At the period end, the aggregate value of securities on loan was $2,527,368. The amount of securities on loan indicated may not correspond with the securities on loan identified because securities with pending sales are in the process of recall from the brokers.

(2)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $903,432, which represented 1.3% of total net assets.

(3)Investment of cash collateral from securities on loan. At the period end, the aggregate value of the collateral held by the fund was $2,600,012, which includes securities collateral of $244,259.

------

**SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS** 

**1. Investment Valuations**

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the fund's NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

**2. Fair Value Measurements**

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

------

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** |
| **Assets** | **Assets** | **Assets** | **Assets** |
| **Investment Securities** | **Investment Securities** | **Investment Securities** | **Investment Securities** |
| Preferred Securities | $40599317 | $3410057 |  |
| Convertible Preferred Securities |  | 12879239 |  |
| Corporate Bonds |  | 8322578 |  |
| Short-Term Investments | 3252818 |  |  |
|  | $43852135 | $24611874 |  |

---

*This schedule of investments provides information about the fund's portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund's most recent annual or semiannual shareholder report.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Century ETF Trust

- **b. Investment Company Act file number:** 811-23305

- **c. CIK number of Registrant:** 0001710607

- **d. LEI of Registrant:** 5493006IKK34YJD98183

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

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

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

- **a. Name of Series:** American Century Quality Preferred ETF

- **b. EDGAR series identifier (if any):** S000070041

- **c. LEI of Series:** 549300BYIWEVK2FM3C85

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

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

- **b. Date as of which information is reported:** 2025-05-31

**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:** $69773621.31

**Total Liabilities:** $2396667.00

**Net Assets:** $67376954.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222949 | -3.04%               | -1.13%               | 0.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-29309.75               | $-2681231.25                               |
| Month 2  | $-223804.91              | $-839089.95                                |
| Month 3  | $-386257.36              | $552138.56                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                                                                                                      | AT&T Inc (pfd) 5.35%                                                        | CUSIP: 00206R300<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |      4425 | NS      | $97527.00     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                                                                                      | AT&T Inc (pfd) 5.00% Series A                                               | CUSIP: 00206R508<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     30183 | NS      | $601849.02    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                                                                                      | AT&T Inc (pfd) 4.75% Series C                                               | CUSIP: 00206R706<br>LEI: 549300Z40J86GGSTL398 | Long             | EP               | CORP              | US        |     38089 | NS      | $721786.55    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                                                                                                 | Affiliated Managers Group Inc (pfd) 4.20%                                   | CUSIP: 008252835<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     20614 | NS      | $304468.78    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                                                                                                 | Affiliated Managers Group Inc (pfd) 4.75%                                   | CUSIP: 008252843<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     13868 | NS      | $226741.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                                                                                                 | Affiliated Managers Group Inc (pfd) 5.88%                                   | CUSIP: 008252850<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EP               | CORP              | US        |     46217 | NS      | $942826.80    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                                                                                             | Agree Realty Corp (pfd) 4.25% Series A                                      | CUSIP: 008492209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     12299 | NS      | $212157.75    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                                                                                               | American Financial Group Inc/OH (pfd) 5.63%                                 | CUSIP: 025932872<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |     10057 | NS      | $200234.87    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                                                                                               | American Financial Group Inc/OH (pfd) 5.13%                                 | CUSIP: 025932880<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EP               | CORP              | US        |     11381 | NS      | $205540.86    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                                                                                                  | Apollo Global Management Inc (conv) 6.75% 07-31-2026                        | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |     21676 | NS      | $1518967.70   | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                            | Energy Transfer LP (pfd) 6.25% 02/15/2174 Perpetual                         | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    359000 | NS      | $354922.51    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                                                            | Energy Transfer LP (pfd) 7.13% 05/15/2174 Perpetual                         | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |    588000 | NS      | $591997.22    | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                                                                             | Enterprise Products Operating LLC 5.38 02/15/2078                           | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     87000 | PA      | $84648.08     | 0.13%             | 2078-02-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Tennessee Valley Authority                                                                                                    | Tennessee Valley Authority (pfd) 2.22% Series A                             | CUSIP: 880591409<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | CORP              | US        |     43755 | NS      | $1016428.65   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                                                                                                         | Truist Financial Corp (pfd) 4.75% Series R                                  | CUSIP: 89832Q695<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     27447 | NS      | $508043.97    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                                                                                                        | Arch Capital Group Ltd (pfd) 5.45% Series F                                 | CUSIP: 03939A107<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |     15392 | NS      | $314612.48    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                                                                                                        | Arch Capital Group Ltd (pfd) 4.55% Series G                                 | CUSIP: 03939A404<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EP               | CORP              | BM        |     22233 | NS      | $375960.03    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                                                                                                         | Truist Financial Corp (pfd) 5.25% Series O                                  | CUSIP: 89832Q745<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |     34648 | NS      | $722064.32    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                                                                                                    | US Bancorp (pfd) 5.12% Series B*                                            | CUSIP: 902973155<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |     63636 | NS      | $1307083.44   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                                                                                                          | Ares Management Corp (conv) 6.75% 10-01-2027                                | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     35897 | NS      | $1890694.99   | 2.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Assurant Inc                                                                                                                  | Assurant Inc (pfd) 5.25%                                                    | CUSIP: 04621X306<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EP               | CORP              | US        |     17623 | NS      | $348230.48    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Cellular Corp                                                                                                   | United States Cellular Corp (pfd) 6.25%                                     | CUSIP: 911684702<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     22674 | NS      | $548257.32    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Cellular Corp                                                                                                   | United States Cellular Corp (pfd) 5.50%                                     | CUSIP: 911684884<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     22576 | NS      | $498252.32    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                                                                                              | Wells Fargo & Co (conv) 7.5% 12/31/2049 Series L                            | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      1778 | NS      | $2027291.66   | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                                                              | Wells Fargo & Co (pfd) 4.75% Series Z                                       | CUSIP: 94988U151<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     25872 | NS      | $475268.64    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                                                                                              | Wells Fargo & Co (pfd) 5.63% Series Y                                       | CUSIP: 94988U656<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     29665 | NS      | $656486.45    | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Athene Holding Ltd                                                                                                            | Athene Holding Ltd (pfd) 4.88% Series D                                     | CUSIP: 04686J408<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     29098 | NS      | $493502.08    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Athene Holding Ltd                                                                                                            | Athene Holding Ltd (pfd) 7.75% Series E                                     | CUSIP: 04686J507<br>LEI: 549300H316CT32FQXI76 | Long             | EP               | CORP              | US        |     22105 | NS      | $561467.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                                                                                                     | Axis Capital Holdings Ltd (pfd) 5.50% Series E                              | CUSIP: 05461T305<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |     48089 | NS      | $964665.34    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BIP Bermuda Holdings I Ltd                                                                                                    | BIP Bermuda Holdings I Ltd (pfd) 5.13%                                      | CUSIP: 05554M100<br>LEI: 549300Y8SLOLKXX0MZ44 | Long             | EP               | CORP              | BM        |     14991 | NS      | $241205.19    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                                                                          | Bank of America Corp (pfd) 5.08% Series 5                                   | CUSIP: 060505583<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     10959 | NS      | $223673.19    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                                                                          | Bank of America Corp (pfd) 5.24% Series 02                                  | CUSIP: 060505625<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     14404 | NS      | $290816.76    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                                                                          | Bank of America Corp (pfd) 5.00% Series LL                                  | CUSIP: 06055H202<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     37998 | NS      | $743240.88    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                                                                                                              | W R Berkley Corp (pfd) 5.70%                                                | CUSIP: 084423706<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |      8790 | NS      | $189951.90    | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| W R Berkley Corp                                                                                                              | W R Berkley Corp (pfd) 5.10%                                                | CUSIP: 084423805<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |      8411 | NS      | $161070.65    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                                                                                                 | Boeing Co/The (conv) 6.00% 10-15-2027                                       | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     23704 | NS      | $1609146.04   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Finance Inc                                                                                                        | Brookfield Finance Inc (pfd) 4.63% Series 50                                | CUSIP: 11271L102<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |      7327 | NS      | $117891.43    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Finance ULC                                                                                         | Brookfield Infrastructure Finance ULC (pfd) 5.00%                           | CUSIP: 11276B109<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |     20474 | NS      | $330245.62    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                                                                                    | Capital One Financial Corp (pfd) 4.25% Series N                             | CUSIP: 14040H733<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |      7553 | NS      | $122736.25    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                                                                                                                 | Ford Motor Co (pfd) 6.00%                                                   | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |     22317 | NS      | $462408.24    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                                                                                                                 | Ford Motor Co (pfd) 6.20%                                                   | CUSIP: 345370845<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |     14510 | NS      | $300357.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                                                                                                | Globe Life Inc (pfd) 4.25%                                                  | CUSIP: 37959E300<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EP               | CORP              | US        |     12922 | NS      | $198998.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co                                                                                                 | Hewlett Packard Enterprise Co (conv) 7.63% 09-01-2027                       | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     24200 | NS      | $1239524.00   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| ACE Capital Trust II                                                                                                          | ACE Capital Trust II 9.70 04/01/2030                                        | CUSIP: 00440FAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    366000 | PA      | $436338.24    | 0.65%             | 2030-04-01      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Aegon Ltd                                                                                                                     | Aegon Ltd 5.50 04/11/2048                                                   | CUSIP: 007924AJ2<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | DBT              | CORP              | NL        |    191000 | PA      | $190113.45    | 0.28%             | 2048-04-11      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Allstate Corp/The                                                                                                             | Allstate Corp/The 6.50 05/15/2067                                           | CUSIP: 020002AU5<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $1103719.11   | 1.64%             | 2067-05-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                                                                                                | American Electric Power Co Inc 6.95 12/15/2054                              | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    439000 | PA      | $449992.12    | 0.67%             | 2054-12-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Athene Holding Ltd                                                                                                            | Athene Holding Ltd 6.63 10/15/2054                                          | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    891000 | PA      | $878384.03    | 1.30%             | 2054-10-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                                                                          | Bank of America Corp (pfd) 6.30% 09/10/2173 Perpetual                       | CUSIP: 060505EU4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |   1129000 | NS      | $1140452.58   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                                                                          | Bank of America Corp (pfd) 5.88% 09/15/2173 Perpetual                       | CUSIP: 060505FL3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |    850000 | NS      | $856363.10    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                                                                           | JPMorgan Chase & Co 8.75 09/01/2030                                         | CUSIP: 06423AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1141000 | PA      | $1340614.81   | 1.99%             | 2030-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc                                                                                                      | Corebridge Financial Inc 6.88 12/15/2052                                    | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    163000 | PA      | $165540.18    | 0.25%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                                                                  | Enbridge Inc 5.50 07/15/2077                                                | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $268588.40    | 0.40%             | 2077-07-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                                                                  | Enbridge Inc 7.38 01/15/2083                                                | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    334000 | PA      | $340075.46    | 0.50%             | 2083-01-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                                                                  | Enbridge Inc 8.25 01/15/2084                                                | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    213000 | PA      | $223815.93    | 0.33%             | 2084-01-15      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Inc/OH                                                                                                  | Huntington Bancshares Inc/OH (pfd) 4.50% Series H                           | CUSIP: 446150823<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EP               | CORP              | US        |     17301 | NS      | $295501.08    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                                                                                                         | Jackson Financial Inc (pfd) 8.00%                                           | CUSIP: 46817M206<br>LEI: 213800WXW2KG1N4CO374 | Long             | EP               | CORP              | US        |     15550 | NS      | $403989.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Co/The                                                                                                               | Southern Co/The (pfd) 4.20% Series C                                        | CUSIP: 842587883<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |     48506 | NS      | $842549.22    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                                                                                             | State Street Corp (pfd) 5.35% Series G                                      | CUSIP: 857477855<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EP               | CORP              | US        |     66036 | NS      | $1471282.08   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                                                                                                         | Stifel Financial Corp (pfd) 5.20%                                           | CUSIP: 860630607<br>LEI: 549300E5F07FE5GHJX84 | Long             | EP               | CORP              | US        |     11795 | NS      | $240500.05    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                                                                                           | Synchrony Financial (pfd) 8.25% Series B                                    | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     40307 | NS      | $1006062.72   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                                                                           | JPMorgan Chase & Co (pfd) 4.20% Series MM                                   | CUSIP: 48128B523<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     28090 | NS      | $498035.70    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                                                                           | JPMorgan Chase & Co (pfd) 4.63% Series LL                                   | CUSIP: 48128B549<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     18804 | NS      | $358592.28    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                                                                           | JPMorgan Chase & Co (pfd) 4.55% Series JJ                                   | CUSIP: 48128B580<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     18588 | NS      | $350569.68    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                                                                           | JPMorgan Chase & Co (pfd) 4.75% Series GG                                   | CUSIP: 48128B622<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |     25546 | NS      | $506321.72    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                                                                                                             | Kimco Realty Corp (pfd) 5.25% Series M                                      | CUSIP: 49446R711<br>LEI: 549300EA7I6T15IBYS12 | Long             | EP               | CORP              | US        |     13279 | NS      | $269430.91    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                                                                                                         | Lincoln National Corp (pfd) 9.00% Series D                                  | CUSIP: 534187885<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EP               | CORP              | US        |     34534 | NS      | $922057.80    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                                                                                                                 | M&T Bank Corp (pfd) 7.50% Series J                                          | CUSIP: 55261F864<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |     38957 | NS      | $1012102.86   | 1.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Morgan Stanley                                                                                                                | Morgan Stanley (pfd) 5.22% Series A                                         | CUSIP: 61747S504<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      2058 | NS      | $45605.28     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                                                                | Morgan Stanley (pfd) 6.38% Series I                                         | CUSIP: 61761J406<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     19888 | NS      | $489045.92    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                                                                | Morgan Stanley (pfd) 5.85% Series K                                         | CUSIP: 61762V606<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     31481 | NS      | $724063.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                                                                | Morgan Stanley (pfd) 6.50% Series P                                         | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |      7786 | NS      | $199165.88    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                                                                | Morgan Stanley (pfd) 4.25% Series O                                         | CUSIP: 61762V861<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     38091 | NS      | $646785.18    | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| National Storage Affiliates Trust                                                                                             | National Storage Affiliates Trust (pfd) 6.00% Series A                      | CUSIP: 637870205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     11644 | NS      | $270955.88    | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| NextEra Energy Inc                                                                                                            | NextEra Energy Inc (conv) 7.30% 06-01-2027                                  | CUSIP: 65339F663<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |      8418 | NS      | $399686.64    | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                                                                                            | NextEra Energy Inc (conv) 6.93% 09-01-2025                                  | CUSIP: 65339F713<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     71820 | NS      | $2887882.20   | 4.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Oaktree Holdings LLC                                                                                               | Brookfield Oaktree Holdings LLC (pfd) 6.63% Series A                        | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |     21282 | NS      | $441814.32    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Oaktree Holdings LLC                                                                                               | Brookfield Oaktree Holdings LLC (pfd) 6.55% Series B                        | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |     21532 | NS      | $461861.40    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage/new                                                                                                            | Public Storage (pfd) 4.10% Series S                                         | CUSIP: 74460W396<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     13410 | NS      | $217912.50    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage/new                                                                                                            | Public Storage (pfd) 4.00% Series R                                         | CUSIP: 74460W420<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     26875 | NS      | $428387.50    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage/new                                                                                                            | Public Storage (pfd) 4.00% Series P                                         | CUSIP: 74460W461<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     26078 | NS      | $415944.10    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage/new                                                                                                            | Public Storage (pfd) 3.90% Series O                                         | CUSIP: 74460W487<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      5583 | NS      | $86257.35     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage/new                                                                                                            | Public Storage (pfd) 3.88% Series N                                         | CUSIP: 74460W511<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     15266 | NS      | $235707.04    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage/new                                                                                                            | Public Storage (pfd) 4.88% Series I                                         | CUSIP: 74460W628<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |      9418 | NS      | $182615.02    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage/new                                                                                                            | Public Storage (pfd) 5.60% Series H                                         | CUSIP: 74460W644<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EP               | CORP              | US        |     12340 | NS      | $279254.20    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                                                                                                        | Regions Financial Corp (pfd) 5.70% Series C                                 | CUSIP: 7591EP704<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     21927 | NS      | $497304.36    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                                                                                                        | Regions Financial Corp (pfd) 6.95%                                          | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     27616 | NS      | $703931.84    | 1.04%             |  |  |  | No            |                  1 | On Loan: —       |
| Regions Financial Corp                                                                                                        | Regions Financial Corp (pfd) 4.45% Series E                                 | CUSIP: 7591EP886<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |     16845 | NS      | $284848.95    | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Reinsurance Group of America Inc                                                                                              | Reinsurance Group of America Inc (pfd) 5.75%                                | CUSIP: 759351802<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EP               | CORP              | US        |     17595 | NS      | $434244.60    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                                                                                                    | RenaissanceRe Holdings Ltd (pfd) 5.75% Series F                             | CUSIP: 75968N309<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EP               | CORP              | BM        |     11566 | NS      | $245083.54    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust VII                                                                                                                 | SCE Trust VII (pfd) 7.50% Series M                                          | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     36985 | NS      | $847326.35    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust IV                                                                                                                  | SCE Trust IV (pfd) 5.38% Series J                                           | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     14628 | NS      | $333518.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Trust V                                                                                                                   | SCE Trust V (pfd) 5.45% Series K                                            | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     38075 | NS      | $873059.75    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Capital Trust IV                                                                                                      | MetLife Capital Trust IV 7.88 12/15/2067                                    | CUSIP: 591560AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $185901.11    | 0.28%             | 2067-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                                                                                                   | MetLife Inc 9.25 04/08/2068                                                 | CUSIP: 59156RBS6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    159000 | PA      | $186614.64    | 0.28%             | 2068-04-08      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Mitsui Sumitomo Insurance Co Ltd                                                                                              | Mitsui Sumitomo Insurance Co Ltd (pfd) 4.95% 09/06/2173 Perpetual           | CUSIP: 606839AB4<br>LEI: 5493006KRZ0SJO41LZ83 | Long             | EP               | CORP              | JP        |    190000 | NS      | $186467.81    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp                                                                             | National Rural Utilities Cooperative Finance Corp 5.25 04/20/2046           | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1479000 | PA      | $1464539.52   | 2.17%             | 2046-04-20      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co                                                                                                      | Nippon Life Insurance Co 3.40 01/23/2050                                    | CUSIP: 654579AG6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    175000 | PA      | $161218.87    | 0.24%             | 2050-01-23      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Northwest Natural Holding Co                                                                                                  | Northwest Natural Holding Co 7.00 09/15/2055                                | CUSIP: 66765NAA3<br>LEI: 254900PSJL6ZEC8FR782 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1049037.47   | 1.56%             | 2055-09-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                                                                          | PNC Financial Services Group Inc/The (pfd) 5.00% 05/01/2174 Perpetual       | CUSIP: 693475AQ8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |     85000 | NS      | $84594.73     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                                                                          | PNC Financial Services Group Inc/The (pfd) 6.00% 08/15/2173 Perpetual       | CUSIP: 693475BD6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    166000 | NS      | $166722.60    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                                                                          | PNC Financial Services Group Inc/The (pfd) 6.20% 12/15/2173 Perpetual       | CUSIP: 693475BF1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    437000 | NS      | $444201.76    | 0.66%             |  |  |  | No            |                  2 | On Loan: —       |
| PNC Financial Services Group Inc/The                                                                                          | PNC Financial Services Group Inc/The (pfd) 6.25% 06/15/2173 Perpetual       | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |    467000 | NS      | $469990.67    | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| PartnerRe Finance B LLC                                                                                                       | PartnerRe Finance B LLC 4.50 10/01/2050                                     | CUSIP: 70213BAC5<br>LEI: 549300O0FAGHK2F79881 | Long             | DBT              | CORP              | US        |    332000 | PA      | $307417.46    | 0.46%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund                                                                    | State Street Institutional US Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    897065 | NS      | $897064.66    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Operating Group II LP                                                                                                     | TPG Operating Group II LP (pfd) 6.95%                                       | CUSIP: 872652102<br>LEI: 2549001H9RJQNZT7MU11 | Long             | EP               | CORP              | US        |     18162 | NS      | $439338.78    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennessee Valley Authority                                                                                                    | Tennessee Valley Authority (pfd) 5.93% Series D                             | CUSIP: 880591300<br>LEI: 549300HE1ISW43LNKM54 | Long             | EP               | CORP              | US        |     11234 | NS      | $265347.08    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcanada Trust                                                                                                             | Transcanada Trust 5.50 09/15/2079                                           | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    361000 | PA      | $349617.81    | 0.52%             | 2079-09-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                                                                                         | Truist Financial Corp (pfd) 5.13% 06/15/2173 Perpetual                      | CUSIP: 89832QAC3<br>LEI: 549300DRQQI75D2JP341 | Long             | EP               | CORP              | US        |    179000 | NS      | $176219.32    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                                                                                                            | Vodafone Group PLC 5.13 06/04/2081                                          | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    223000 | PA      | $165403.40    | 0.25%             | 2081-06-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                                                              | Wells Fargo & Co (pfd) 3.9% 06/15/2169 Perpetual                            | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     63000 | NS      | $62069.46     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| EPR Properties                                                                                                                | EPR Properties (pfd) 5.75% Series G                                         | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |     10563 | NS      | $209781.18    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                                                                                        | Equitable Holdings Inc (pfd) 5.25% Series A                                 | CUSIP: 29452E200<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |     39625 | NS      | $782593.75    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                                                                                                        | Equitable Holdings Inc (pfd) 4.30% Series C                                 | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |     20672 | NS      | $341088.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc                                                                                                      | F&G Annuities & Life Inc (pfd) 7.95%                                        | CUSIP: 30190A203<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15129 | NS      | $386092.08    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc                                                                                                      | F&G Annuities & Life Inc (pfd) 7.30%                                        | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30051 | NS      | $698685.75    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC                                                                                              | First Citizens BancShares Inc/NC (pfd) 5.63% Series C                       | CUSIP: 31959X202<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EP               | CORP              | US        |      7735 | NS      | $166457.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Ford Motor Co                                                                                                                 | Ford Motor Co (pfd) 6.50%                                                   | CUSIP: 345370811<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |     30196 | NS      | $655857.12    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                                                                                    | Capital One Financial Corp (pfd) 4.38% Series L                             | CUSIP: 14040H758<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     22679 | NS      | $370801.65    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                                                                                    | Capital One Financial Corp (pfd) 4.80% Series J                             | CUSIP: 14040H782<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     55928 | NS      | $993840.56    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                                                                                                    | Capital One Financial Corp (pfd) 5.00% Series I                             | CUSIP: 14040H824<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EP               | CORP              | US        |     47255 | NS      | $886031.25    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                                                                                                          | Chart Industries Inc (conv) 6.75% 12-15-2025                                | CUSIP: 16115Q407<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EP               | CORP              | US        |      9250 | NS      | $544501.25    | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                                                                  | Citizens Financial Group Inc (pfd) 5.00% Series E                           | CUSIP: 174610402<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |     16520 | NS      | $313384.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| EIDP Inc                                                                                                                      | EIDP Inc (pfd) 4.50% Series B                                               | CUSIP: 263534307<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | EP               | CORP              | US        |      3203 | NS      | $216811.07    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Navigator Securities Lending Trust - State Street Navigator Securities Lending Government Money Market Portfolio | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: N/A<br>LEI: 5493008BJIBKQ5KTIF74       | Long             | STIV             | RF                | US        |   2377797 | NS      | $2377796.75   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** American Century ETF Trust

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer