DFP ETF

$20.88

AUM$459M

Holdings245

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DFP ETF

$20.88

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc.

AUM$459M

Holdings245

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Overview Performance Chart Dividends Top Holdings All Holdings Sectors Geography Similar Compare Overlap

Leveraged fundWeights reflect notional exposure via swaps/derivatives and do not sum to 100%.

Net exposure

142.4%

Gross exposure

142.4%

Long

142.4%

Cash & collateral

0.1%

As of Nov 28, 2025

Showing top 50 of 213 holdings · as of Nov 28, 2025

DFP holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Share chg	Sector	Industry
1	—	Liberty Mutual Group IncFinancials · Insurance	5.17%	5.2%	-	$24.22M	-	Financials	Insurance
2	—	Metlife Inc Jr Subordina 144a 04/38 9.25Financials · Insurance	4.41%	9.6%	-	$20.66M	-	Financials	Insurance
Share changes, sector and industry · Pro
3	MS.PF	Morgan Stanley, Series F, Pfd.	3.65%	13.2%	674,994	$17.07M
4	—	Lloyds Bk Gr Plc	3.62%	16.9%	-	$16.96M
5	—	New York Community Bancorp, Inc., Series A., Pfd.	2.69%	19.5%	565,254	$12.62M
6	—	Land O'Lakes Inc 8% /perp	2.47%	22.0%	-	$11.57M
7	—	Banco Santander, S.A. 4.75% Perp	2.41%	24.4%	-	$11.27M
8	Debt	The PNC Financial Services Group, Inc. 6.00% Dec 31/99	2.32%	26.7%	-	$10.85M
9	PFS	Provident Financing Trust I	2.29%	29.0%	-	$10.73M
10	RF	Regions Financial Corp	2.17%	31.2%	418,219	$10.17M
11	—	Citigroup Inc	2.17%	33.4%	-	$10.17M
12	WFC	Wells Fargo & Co	2.07%	35.4%	-	$9.69M
13	ATH	Athene Holding Ltd. Class A	2.01%	37.5%	378,780	$9.41M
14	CMA	Comerica Inc.	1.99%	39.4%	360,660	$9.31M
15	—	Hsbc Holdings Plc	1.97%	41.4%	-	$9.25M
16	DFG	Delphi Financial Group Inc	1.90%	43.3%	358,465	$8.88M
17	—	Synovus Financial Corp	1.62%	44.9%	288,094	$7.61M
18	—	Bnp Paribas Sa	1.60%	46.5%	-	$7.47M
19	—	Keycorp, Series E, Pfd.	1.56%	48.1%	265,788	$7.30M
20	—	Fifth Third Bancorp, Series I, Pfd.	1.52%	49.6%	276,818	$7.11M
21	—	Emera Inc V/R 06/15/76	1.47%	51.1%	-	$6.89M
22	SYF	Synchrony Financial	1.38%	52.5%	279,900	$6.46M
23	Debt	American International Group	1.28%	53.7%	-	$6.01M
24	—	Bank Of Montreal Jr Subordina 11/85 Var	1.28%	55.0%	-	$6.02M
25	—	Standard Chartered Plc	1.26%	56.3%	-	$5.92M
26	—	Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000	1.25%	57.5%	-	$5.83M
27	TSTXX	Blackrock Liquidity Funds T-Fund	1.21%	58.7%	5,686,753	$5.69M
28	—	Banco Bilbao Vizcaya Argentaria Sa 6.125 11/16/2027	1.15%	59.9%	-	$5.36M
29	—	Banco Bilbao Vizcaya Argentaria Sa 9.375	1.15%	61.0%	-	$5.36M
30	—	Enbridge Inc., Callable, 6.000% Jan 15, 2077	1.11%	62.2%	-	$5.22M
31	AQNB	Algonquin Pwr & Utility	1.09%	63.2%	198,232	$5.09M
32	Debt	Bank Of America Corporation 6.13% Dec 31/99	1.09%	64.3%	-	$5.10M
33	—	Keycorp KEY.PR.L	1.07%	65.4%	198,300	$5.01M
34	ESGR	Enstar Group, Ltd.	1.01%	66.4%	141,000	$4.71M
35	—	Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31	1.01%	67.4%	-	$4.71M
36	—	Banco Santander Sa 0 03-01-2024	0.98%	68.4%	-	$4.59M
37	MS.PK	Morgan Stanley, Series K, Pfd.	0.94%	69.3%	177,361	$4.39M
38	—	JPMorgan Chase and Co 3.65	0.93%	70.3%	-	$4.34M
39	WSBC	Wesbanco, Inc.	0.93%	71.2%	169,600	$4.37M
40	—	Paramount Global, 6.37%, Due 03/30/2062	0.92%	72.1%	-	$4.29M
41	MS.PE	Morgan Stanley, Series E, Pfd.	0.91%	73.0%	166,275	$4.28M
42	CFG	Citizens Financial Group Inc.	0.91%	73.9%	164,100	$4.26M
43	—	Dominion Energy Inc 09/11/2023	0.91%	74.9%	-	$4.25M
44	—	Edison International 5 3/71	0.89%	75.7%	-	$4.18M
45	—	Kkr Real Estate Fin Tr 6.5 Cum Pfd	0.89%	76.6%	229,900	$4.15M
46	—	JPMorgan Chase + Co Jr Subordina 12/99 Var12/31/2099	0.86%	77.5%	-	$4.01M
47	—	The Goldman Sachs Group Inc	0.84%	78.3%	-	$3.95M
48	—	Northpointe Bancshares Inc	0.83%	79.2%	157,000	$3.87M
49	FCNCA	First Citizens BancShares Inc	0.81%	80.0%	45,359	$3.79M
50	Debt	Psx V6	0.80%	80.8%	-	$3.76M
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DFP ETF All Holdings

DFP holdings total 245 positions. The top 10 holdings account for 31.2% of the fund, led by Liberty Mutual Group Inc at 5.2%, Metlife Inc Jr Subordina 144a 04/38 9.25 at 4.4%, Morgan Stanley, Series F, Pfd. at 3.6%.

DFP portfolio concentration is moderate, with the top 10 representing 31.2% of total assets. The largest sector exposure is Financials at 92.8%.

DFP sectors provide a detailed breakdown. DFP overlap shows how holdings compare to other funds in your portfolio.

Compare DFP

DFP vs SPY DFP vs QQQ DFP vs VOO DFP vs VTI DFP vs IVV DFP vs SCHD DFP vs VYM DFP vs VXUS

DFP ETF Holdings

213 of 245 holdings

Sector

Industry

Sort By

1
Liberty Mutual Group Inc
LIBMUT 7.8 03/15/37 Financials
5.17%
2
Metlife Inc Jr Subordina 144a 04/38 9.25
MET 9.25 04/08/38Financials
4.41%
3
Morgan Stanley, Series F, Pfd.
MS.PFFinancials
3.65%
4
Lloyds Bk Gr Plc
Other
3.62%
5
New York Community Bancorp, Inc., Series A., Pfd.
FLG V6.375 PERP A.Financials
2.69%
6
Land O'Lakes Inc 8% /perp
LLAKES 8 PERP 144AConsumer Staples
2.47%
7
Banco Santander, S.A. 4.75% Perp
SANTANFinancials
2.41%
8
The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099
PNC V6 PERP UFinancials
2.32%
9
Provident Financing Trust I
UNM 7.405 03/15/38Financials
2.29%
10
Regions Financial Corp
RF.PR.CFinancials
2.17%
11
Citigroup Inc
C V4.15 PERP YFinancials
2.17%
12
Wells Fargo & Co
WFC.PR.AFinancials
2.07%
13
Athene Holding Ltd. Class A
ATHUnknown
2.01%
14
Comerica Inc.
CMAFinancials
1.99%
15
Hsbc Holdings Plc
HSBA:LNUnknown
1.97%
16
Delphi Financial Group Inc
DFGUnknown
1.90%
17
Synovus Financial Corp
SNV.PR.EFinancials
1.62%
18
Bnp Paribas Sa
BNP V7.75 PERP 144AFinancials
1.60%
19
Keycorp, Series E, Pfd.
KEY.PIFinancials
1.56%
20
Fifth Third Bancorp, Series I, Pfd.
FITBIFinancials
1.52%
21
Emera Inc V/R 06/15/76
EMACN V6.75 06/15/76Utilities
1.47%
22
Synchrony Financial
SYFFinancials
1.38%
23
American Intl Group 8.175 05/15/2058
Other
1.28%
24
Bank Of Montreal Jr Subordina 11/85 Var
BMO V6.875 11/26/85 Financials
1.28%
25
Standard Chartered Plc
STANLN V7.75 PERP 14Financials
1.26%
26
Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000
ET V7.125 PERP GEnergy
1.25%
27
Blackrock Liquidity Funds T-Fund
TSTXXFinancials
1.21%
28
Banco Bilbao Vizcaya Argentaria Sa 6.125 11/16/2027
BBVASMFinancials
1.15%
29
Banco Bilbao Vizcaya Argentaria Sa 9.375
BBVASMFinancials
1.15%
30
Enbridge Inc., Callable, 6.000% Jan 15, 2077
ENBCN V6 01/15/77 16Energy
1.11%
31
Algonquin Pwr & Utility
AQNBUtilities
1.09%
32
Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099
BAC V6.125 PERP TTFinancials
1.09%
33
Keycorp KEY.PR.L
KEY.PR.LFinancials
1.07%
34
Enstar Group, Ltd.
ESGRFinancials
1.01%
35
Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31
AAGACA V5.25 PERP QIFinancials
1.01%
36
Banco Santander Sa 0 03-01-2024
Other
0.98%
37
Morgan Stanley, Series K, Pfd.
MS.PKFinancials
0.94%
38
Jpmorgan Chase And Co 3.65
JPM V3.65 PERP KKFinancials
0.93%
39
Wesbanco, Inc.
WSBCFinancials
0.93%
40
Paramount Global, 6.37%, Due 03/30/2062
PARA V6.375 03/30/62Communication Services
0.92%
41
Morgan Stanley, Series E, Pfd.
MS.PEFinancials
0.91%
42
Citizens Financial Group Inc.
CFGFinancials
0.91%
43
Dominion Energy Inc 09/11/2023
Other
0.91%
44
Edison Intl 5 3/71
EIX V5 PERP BUtilities
0.89%
45
Kkr Real Estate Fin Tr 6.5 Cum Pfd
KREF.PAFinancials
0.89%
46
Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099
JPM V6.875 PERP NNFinancials
0.86%
47
Goldman Sachs Group Inc/the
GS V7.56 PERP RFinancials
0.84%
48
Northpointe Bancshares Inc
NRTBNC.PUnknown
0.83%
49
First Citizens BancShares Inc
FCNCAFinancials
0.81%
50
Psx V6.2 03/15/56 B Corp
Other
0.80%
51
Eushi Finance Inc 7.63% 12/15/2054
Other
0.79%
52
Arbor Realty Trust Prfd F
ABR.PR.FFinancials
0.77%
53
Huntington Bancshares Inc./Oh
HBANFinancials
0.76%
54
Metlife Inc
MET 10.75 08/01/39Financials
0.74%
55
Kuvare Us Holdings Inc
KUVARE V7 02/17/51 1Financials
0.73%
56
Entergy Corp 7.13% 01Dec2054
ETR V7.125 12/01/54Utilities
0.72%
57
Reinsurance Group of America, Incorporated
RGAFinancials
0.71%
58
Sbl Holdings, Llc 6.5% 12/31/2099
Other
0.71%
59
M&T Bank Corp
MTBFinancials
0.69%
60
Transcanada Trust 5.5% 09/15/2079
TRPCN V5.5 09/15/79Financials
0.69%
61
Royal Bank Of Canada Jr Subordina 11/84 Var
RY V6.35 11/24/84Financials
0.68%
62
Sempra Energy, 4.12%, Due 04/01/2052
SRE V4.125 04/01/52Utilities
0.68%
63
Ally Financial Inc Jr Subordina 12/99 Var 4.7
ALLY V4.7 PERP BFinancials
0.68%
64
American Electric V/R 12/15/54
AEP V6.95 12/15/54Utilities
0.68%
65
Algonquin Power & Utilities Corp., 4.75%,Jan18,2082
AQNCN V4.75 01/18/82Utilities
0.67%
66
Sbl Holdings Inc Sr Unsecured 144a Var
Other
0.67%
67
Umb Financial Corp
UMBFFinancials
0.64%
68
Athene (Ath) / Apollo Global Management (Apo)
APOFinancials
0.64%
69
Duke Energy Corp Jr Subordina 09/54 Var
DUK V6.45 09/01/54Utilities
0.64%
70
Aercap Ireland Capital Dac / Aercap Global Aviation Trust Var.Rt. Corp. Bonds
AER V6.95 03/10/55Financials
0.62%
71
Dime Community Bancshares Inc
DCOMP.PFinancials
0.62%
72
Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029
Other
0.60%
73
Capital One Ficial Corporation 3.95% 12/31/2099
COF V3.95 PERP MFinancials
0.58%
74
Connectone Bancorp Inc
CNOBFinancials
0.58%
75
Energy Transfer
ETEnergy
0.58%
76
Barclays PLC 4.375%
BACR V4.375 PERPFinancials
0.57%
77
Bank Of Nova Scotia/The 8 01-27-2084
BNS V8 01/27/84Financials
0.56%
78
Bank Of Nova Scotia Jr Subordina 10/82 Var
BNS V8.625 10/27/82Financials
0.55%
79
General Motors Financial Co In Jr Subordina 12/99 Var
GM V6.5 PERP BFinancials
0.54%
80
PartnerRe Ltd.
PRE.J:BMUnknown
0.54%
81
Nextera Energy Ca V/R 06/15/54
NEE V6.75 06/15/54Utilities
0.52%
82
Sce Trust Vii
SCE.PRMUtilities
0.52%
83
State Street Corp Jr Subordina 12/99 Var 6.7
STT V6.7 PERP IFinancials
0.52%
84
Citizens Financial Group 12/99 1
CFG V6.375 PERP CFinancials
0.52%
85
Cnp 3.6 11/01/21
Other
0.51%
86
Aes Corp/The 7.6% 15Jan2055
AES V7.6 01/15/55Utilities
0.50%
87
Bank Of Montreal (Callable) 7.70% May 26, 2084
BMO V7.7 05/26/84Financials
0.50%
88
Royal Bank Of Canada 7.5% May 02, 2084
RY V7.5 05/02/84Financials
0.50%
89
Sce Trust V
SCE.PKUtilities
0.49%
90
Societe Generale Jr Subordina 144A 12/99 Var
Other
0.49%
91
F&G Annuities & Life Inc
FGUnknown
0.49%
92
Bell Telephone Company (Nc10.5) 7 09/15/2055
BCECN V7 09/15/55Communication Services
0.49%
93
Global Atlantic Finance Co.
GBLATL 7.95 06/15/33Financials
0.48%
94
PNC FINANCIAL SERVICES REGD V/R 4.62600000
PNC V4.626 06/06/33Financials
0.48%
95
Vodafone Group Plc 7% Apr 04, 2079
VOD V7 04/04/79Communication Services
0.48%
96
Royal Bank Of Canada 6.500% Flt 11/24/85
Other
0.47%
97
Societe Generale Sa
Other
0.47%
98
Liberty Mutual Gr V/R 12/15/51
LIBMUT V4.125 12/15/Financials
0.46%
99
Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025
BAC V6.25 PERPFinancials
0.46%
100
Valley National Bancorp
VLYFinancials
0.45%
101
Wells Fargo + Company Jr Subordina 12/99 Var
WFC V3.9 PERP BBFinancials
0.45%
102
Wintrust Financial Corp
WTFCFinancials
0.44%
103
UBS Group, 4.875% perp., USD
UBS V4.875 PERP 144AFinancials
0.42%
104
Ally Finl Inc 4.7%/Var Perp
ALLY V4.7 PERP CFinancials
0.42%
105
Axis Specialty Finance Llc 4.9% 01/15/2040
AXS V4.9 01/15/40Financials
0.42%
106
Canadian Imperial Bank 7.000% Flt 10/28/85
CM V7 10/28/85Financials
0.42%
107
Evergy Inc Subordinated 06/55 Var
EVRG V6.65 06/01/55Utilities
0.42%
108
Fifth Third Bancorp
FITBFinancials
0.42%
109
Bank Of Nova Scotia Jr Subordina 12/99 Var
Other
0.41%
110
Nextera Energy 1.875% 01/15/27
NEE 1.875 01/15/27Utilities
0.41%
111
Sempra 5.5 08/01/2033
SRE 5.5 08/01/33Utilities
0.41%
112
Northwest Natural Holdi Jr Subordina 09/55 Var 7% 09/15/2055
NWN V7 09/15/55Utilities
0.40%
113
Voya Financial Inc
VOYA.PR.BFinancials
0.40%
114
Xcel Energy, Inc
XELUtilities
0.40%
115
Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000
BANORT V6.625 PERP 1Financials
0.40%
116
Bank Of New York Mellon Corp
BKFinancials
0.40%
117
Corebridge Financial Inc Variable Rate, Due 09/15/2054
CRBG V6.375 09/15/54Financials
0.40%
118
Dte Energy Company
DTEUtilities
0.40%
119
General Motors Financial Co Inc (Pfd) 5.70% 03/30/2172 Perpetual
GM V5.7 PERP CFinancials
0.40%
120
American Express Co 3.55 Perpetl 9/15/2174
AXP V3.55 PERPFinancials
0.39%
121
Nisource Inc. 6.95 11/30/2054
NI V6.95 11/30/54Utilities
0.39%
122
Pnc Financial Servi V/R /Perp/
PNC V6.2 PERP VFinancials
0.39%
123
Ing Groep Nv
INTNED V3.875 PERPFinancials
0.38%
124
Rogers Communications, Inc.
RCICN V5.25 03/15/82Communication Services
0.38%
125
Texas Capital Bancshares Inc
TCBIFinancials
0.38%
126
Dominion Energy Inc 4.350000% Maturity: Perpetual Callable 01/15/2027 At 100.0000
D V4.35 PERP CUtilities
0.38%
127
Fmc Corp V/R 11/01/55
FMC V8.45 11/01/55Materials
0.38%
128
Banco Mercantil Del Norte, S.a.
BANORT V7.5 PERP 144Financials
0.37%
129
South Bow Canadian Infrastructure Holdings Ltd 0.075 03/01/2055
SOBOCNUtilities
0.37%
130
Affiliated Managers Group Inc.
AMGFinancials
0.36%
131
American National Group Inc
AEL.PRAUnknown
0.36%
132
Banco Mercantil Del Norte Variable Rate
BANORTFinancials
0.36%
133
Credit Agricole Sa 7.13% Sep 23/35
Other
0.36%
134
Enstar Finance Ll V/R 01/15/42
ESGR V5.5 01/15/42Financials
0.36%
135
Goldman Sachs Group Inc Regd V/r /perp/ Ser Q 5.50000000
GS V7.379 PERP QFinancials
0.36%
136
Hsbc Holdings Plc 6 05/22/2027
HSBC V6 PERP *Financials
0.36%
137
Altagas Ltd V/R 10/15/54
ALACN V7.2 10/15/54 Utilities
0.35%
138
Cvs Health Corp 7% 10Mar2055
CVS V7 03/10/55Health Care
0.35%
139
Canadian Imperial Bank Jr Subordina 01/85 Var
CM V6.95 01/28/85Financials
0.35%
140
M&T Bank Corp 3.500000% Maturity: Perpetual
MTB V3.5 PERPFinancials
0.35%
141
Tpg Operating Group Ii Lp
TPGXLFinancials
0.35%
142
Qwest Corp Preferred Stock 06/57 6.75
CTDDCommunication Services
0.34%
143
Sce Trust Viii
EIX 6.95 PERP NUtilities
0.34%
144
Spire Inc. 0% 05/31/2056
Other
0.34%
145
Stifel Finl Corp
SFFinancials
0.34%
146
Adamas Trust, Inc. Common Stock
ADAM:ILUnknown
0.34%
147
American Electric Power Co Inc 0.0605 03/f15/2056
Other
0.33%
148
Entergy Corp Variable Rate, Due 06/15/2056
Other
0.33%
149
Equitable Holdings Inc
Other
0.33%
150
Farm Credit Bk Of Texas Jr Subordina 12/99 Var
FARMCB V7 PERP 6Financials
0.33%
151
Bbva Bancomer Sa V/R 09/13/34
BBVASM V5.875 09/13/Financials
0.32%
152
Aercap Ireland Cap/Globa Company Guar 01/56 Var
AER V6.5 01/31/56Financials
0.31%
153
ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR
RY V6.75 08/24/85Financials
0.31%
154
Sunoco LP 7.88 03/18/2174
Other
0.31%
155
Telus Corp V/R 10/15/55
TCN V7 10/15/55Communication Services
0.30%
156
Ubs Group Ag 144A 4.375000% Maturity: Perpetual
UBS V4.375 PERP 144AFinancials
0.30%
157
Bnp Paribas Sa
BNP V9.25 PERP 144AFinancials
0.30%
158
Citigroup Inc 3.88% 12/31/2099
C V3.875 PERP XFinancials
0.30%
159
Corebridge Financial, Inc. 6.88% Dec 01/30
Other
0.29%
160
Fortegra Group Inc/The 9.25 11/15/2064
Other
0.29%
161
Lincoln National Corp.
LNCFinancials
0.29%
162
Lincoln National, 9.25% perp., USD
LNC V9.25 PERP CFinancials
0.29%
163
Western Alliance Bancorp
WAL.PR.AFinancials
0.28%
164
American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062
AEP V3.875 02/15/62Utilities
0.28%
165
Cobank Acb
COBKACFinancials
0.28%
166
Edison International 5Y Us Ti + 4.698 12/31/2049
EIX V5.375 PERP AUtilities
0.28%
167
Cadence Bancorp Common Stock
CADEFinancials
0.27%
168
Bank Of Montreal Jr Subordina 11/84 Var %
BMO V7.3 11/26/84Financials
0.26%
169
Barclays Plc 8 12/71
A3K745Financials
0.26%
170
First Horizon Natl Corp 6.5 Pfd
FHN.PEFinancials
0.26%
171
Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01
NEE V6.7 09/01/54Utilities
0.26%
172
Toronto-Dominion Bank/The
Other
0.26%
173
Tpg Re Finance Trust, Inc.
TRTXFinancials
0.25%
174
Universal Insurance Holdings, Inc.
Other
0.25%
175
British Telecommunications Plc
BRITEL V4.875 11/23/Communication Services
0.25%
176
Cms Energy Corp 6.5 2055-06-01
CMS V6.5 06/01/55Utilities
0.25%
177
Exelon Corporation 6.5% Mar 15, 2055
EXC V6.5 03/15/55Utilities
0.25%
178
Athene Holding Ltd Pref
ATH 4.875 PERP DFinancials
0.24%
179
Perpetual Bonds
ACAFPUnknown
0.23%
180
Toronto-Dominion Bank Variable Rate, Due 10/31/2082
TD V8.125 10/31/82Financials
0.23%
181
Renaissancere Holdings L /Pfd/
RNR.GUnknown
0.23%
182
Qwest Corp Preferred Stock 09/56 6.5
CTBBCommunication Services
0.22%
183
Standard Chartered Plc
Other
0.22%
184
Corporate Bonds
BNP V4.625 PERP 144AFinancials
0.22%
185
Compeer Financial Aca
AGSTAR V4.875 PERP QFinancials
0.21%
186
Jackson Financial Inc., Pfd.
JXN V8 PERPFinancials
0.21%
187
Prudential Financial Inc Mtn 3 Mar 10, 2040
PRU 3 03/10/40 MTNFinancials
0.21%
188
Southern Co Sr Unsecured 07/36 4.25
SO 4.25 07/01/36Utilities
0.21%
189
Pnc Financial Services Jr Subordina 12/99 Var
PNC V3.4 PERP TFinancials
0.20%
190
Washington Fed Hwy Grnt Antic
WAFDFinancials
0.20%
191
Wells Fargo & Co., Class A, Series L, Conv. Pfd.
WFC.PRLFinancials
0.20%
192
Natwest Group Pl
NWG V4.6 PERP .*.Financials
0.19%
193
Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000
HBAN V5.625 PERP FFinancials
0.18%
194
Sce Trust Iv
SCE.PJUtilities
0.18%
195
Morgan Stanley 5.3% 12/31/2049
MS V0 PERP NFinancials
0.17%
196
Natwest Group, 3.073% 22may2028
NWG V3.073 05/22/28Financials
0.16%
197
Cno Financial Group Inc
CNOFinancials
0.16%
198
Citigroup, Inc. Pref
C V4 PERP WFinancials
0.15%
199
Everest Reinsurance Holdings Inc
Other
0.15%
200
Wells Fargo + Co New 4.25 Pfd
WFC.DFinancials
0.15%
201
Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual
LLAKES 7.25 PERP 144Consumer Staples
0.14%
202
Stifel Financial Corp Preferred Stock
SF.DFinancials
0.14%
203
General Motors Financial Co Inc
GMFinancials
0.14%
204
Carlyle Finance Llc
CGABLFinancials
0.13%
205
Arch Capital Group Ltd 5.45%
ACGLOFinancials
0.12%
206
Capital One Financial Corporation Depositary Shs Repr 1/40Th 5% Non-Cum Red Perp Pfd Registered Shs
COF.PR.IFinancials
0.12%
207
Arbor Rlty Tr Inc 6.375 Cum Pfd
ABR.PDFinancials
0.11%
208
Fulton Financial Corp
FULTFinancials
0.11%
209
Vistra Corp Regd V/R /Perp/ 144A P/P 7.00000000
VST V7 PERP 144AUtilities
0.10%
210
Societe Generale Sa
SOCGENFinancials
0.06%
211
Societe Generale Jr Subordina 144A 12/99 Var
SOCGENUnknown
0.06%
212
Annaly Capital Mgmt Ser F
NLY.FFinancials
0.06%
213
Assurant, Inc.
AIZNFinancials
0.03%

#	Company	Ticker	Weight
1	Liberty Mutual Group Inc	LIBMUT 7.8 03/15/37	5.170%
2	Metlife Inc Jr Subordina 144a 04/38 9.25	MET 9.25 04/08/38	4.410%
3	Morgan Stanley, Series F, Pfd.	MS.PF	3.650%
4	Lloyds Bk Gr Plc	-	3.620%
5	New York Community Bancorp, Inc., Series A., Pfd.	FLG V6.375 PERP A.	2.690%
6	Land O'Lakes Inc 8% /perp	LLAKES 8 PERP 144A	2.470%
7	Banco Santander, S.A. 4.75% Perp	SANTAN	2.410%
8	The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099	PNC V6 PERP U	2.320%
9	Provident Financing Trust I	UNM 7.405 03/15/38	2.290%
10	Regions Financial Corp	RF.PR.C	2.170%
11	Citigroup Inc	C V4.15 PERP Y	2.170%
12	Wells Fargo & Co	WFC.PR.A	2.070%
13	Athene Holding Ltd. Class A	ATH	2.010%
14	Comerica Inc.	CMA	1.990%
15	Hsbc Holdings Plc	HSBA:LN	1.970%
16	Delphi Financial Group Inc	DFG	1.900%
17	Synovus Financial Corp	SNV.PR.E	1.620%
18	Bnp Paribas Sa	BNP V7.75 PERP 144A	1.600%
19	Keycorp, Series E, Pfd.	KEY.PI	1.560%
20	Fifth Third Bancorp, Series I, Pfd.	FITBI	1.520%
21	Emera Inc V/R 06/15/76	EMACN V6.75 06/15/76	1.470%
22	Synchrony Financial	SYF	1.380%
23	American Intl Group 8.175 05/15/2058	-	1.280%
24	Bank Of Montreal Jr Subordina 11/85 Var	BMO V6.875 11/26/85	1.280%
25	Standard Chartered Plc	STANLN V7.75 PERP 14	1.260%
26	Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000	ET V7.125 PERP G	1.250%
27	Blackrock Liquidity Funds T-Fund	TSTXX	1.210%
28	Banco Bilbao Vizcaya Argentaria Sa 6.125 11/16/2027	BBVASM	1.150%
29	Banco Bilbao Vizcaya Argentaria Sa 9.375	BBVASM	1.150%
30	Enbridge Inc., Callable, 6.000% Jan 15, 2077	ENBCN V6 01/15/77 16	1.110%
31	Algonquin Pwr & Utility	AQNB	1.090%
32	Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099	BAC V6.125 PERP TT	1.090%
33	Keycorp KEY.PR.L	KEY.PR.L	1.070%
34	Enstar Group, Ltd.	ESGR	1.010%
35	Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31	AAGACA V5.25 PERP QI	1.010%
36	Banco Santander Sa 0 03-01-2024	-	0.980%
37	Morgan Stanley, Series K, Pfd.	MS.PK	0.940%
38	Jpmorgan Chase And Co 3.65	JPM V3.65 PERP KK	0.930%
39	Wesbanco, Inc.	WSBC	0.930%
40	Paramount Global, 6.37%, Due 03/30/2062	PARA V6.375 03/30/62	0.920%
41	Morgan Stanley, Series E, Pfd.	MS.PE	0.910%
42	Citizens Financial Group Inc.	CFG	0.910%
43	Dominion Energy Inc 09/11/2023	-	0.910%
44	Edison Intl 5 3/71	EIX V5 PERP B	0.890%
45	Kkr Real Estate Fin Tr 6.5 Cum Pfd	KREF.PA	0.890%
46	Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099	JPM V6.875 PERP NN	0.860%
47	Goldman Sachs Group Inc/the	GS V7.56 PERP R	0.840%
48	Northpointe Bancshares Inc	NRTBNC.P	0.830%
49	First Citizens BancShares Inc	FCNCA	0.810%
50	Psx V6.2 03/15/56 B Corp	-	0.800%
51	Eushi Finance Inc 7.63% 12/15/2054	-	0.790%
52	Arbor Realty Trust Prfd F	ABR.PR.F	0.770%
53	Huntington Bancshares Inc./Oh	HBAN	0.760%
54	Metlife Inc	MET 10.75 08/01/39	0.740%
55	Kuvare Us Holdings Inc	KUVARE V7 02/17/51 1	0.730%
56	Entergy Corp 7.13% 01Dec2054	ETR V7.125 12/01/54	0.720%
57	Reinsurance Group of America, Incorporated	RGA	0.710%
58	Sbl Holdings, Llc 6.5% 12/31/2099	-	0.710%
59	M&T Bank Corp	MTB	0.690%
60	Transcanada Trust 5.5% 09/15/2079	TRPCN V5.5 09/15/79	0.690%
61	Royal Bank Of Canada Jr Subordina 11/84 Var	RY V6.35 11/24/84	0.680%
62	Sempra Energy, 4.12%, Due 04/01/2052	SRE V4.125 04/01/52	0.680%
63	Ally Financial Inc Jr Subordina 12/99 Var 4.7	ALLY V4.7 PERP B	0.680%
64	American Electric V/R 12/15/54	AEP V6.95 12/15/54	0.680%
65	Algonquin Power & Utilities Corp., 4.75%,Jan18,2082	AQNCN V4.75 01/18/82	0.670%
66	Sbl Holdings Inc Sr Unsecured 144a Var	-	0.670%
67	Umb Financial Corp	UMBF	0.640%
68	Athene (Ath) / Apollo Global Management (Apo)	APO	0.640%
69	Duke Energy Corp Jr Subordina 09/54 Var	DUK V6.45 09/01/54	0.640%
70	Aercap Ireland Capital Dac / Aercap Global Aviation Trust Var.Rt. Corp. Bonds	AER V6.95 03/10/55	0.620%
71	Dime Community Bancshares Inc	DCOMP.P	0.620%
72	Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029	-	0.600%
73	Capital One Ficial Corporation 3.95% 12/31/2099	COF V3.95 PERP M	0.580%
74	Connectone Bancorp Inc	CNOB	0.580%
75	Energy Transfer	ET	0.580%
76	Barclays PLC 4.375%	BACR V4.375 PERP	0.570%
77	Bank Of Nova Scotia/The 8 01-27-2084	BNS V8 01/27/84	0.560%
78	Bank Of Nova Scotia Jr Subordina 10/82 Var	BNS V8.625 10/27/82	0.550%
79	General Motors Financial Co In Jr Subordina 12/99 Var	GM V6.5 PERP B	0.540%
80	PartnerRe Ltd.	PRE.J:BM	0.540%
81	Nextera Energy Ca V/R 06/15/54	NEE V6.75 06/15/54	0.520%
82	Sce Trust Vii	SCE.PRM	0.520%
83	State Street Corp Jr Subordina 12/99 Var 6.7	STT V6.7 PERP I	0.520%
84	Citizens Financial Group 12/99 1	CFG V6.375 PERP C	0.520%
85	Cnp 3.6 11/01/21	-	0.510%
86	Aes Corp/The 7.6% 15Jan2055	AES V7.6 01/15/55	0.500%
87	Bank Of Montreal (Callable) 7.70% May 26, 2084	BMO V7.7 05/26/84	0.500%
88	Royal Bank Of Canada 7.5% May 02, 2084	RY V7.5 05/02/84	0.500%
89	Sce Trust V	SCE.PK	0.490%
90	Societe Generale Jr Subordina 144A 12/99 Var	-	0.490%
91	F&G Annuities & Life Inc	FG	0.490%
92	Bell Telephone Company (Nc10.5) 7 09/15/2055	BCECN V7 09/15/55	0.490%
93	Global Atlantic Finance Co.	GBLATL 7.95 06/15/33	0.480%
94	PNC FINANCIAL SERVICES REGD V/R 4.62600000	PNC V4.626 06/06/33	0.480%
95	Vodafone Group Plc 7% Apr 04, 2079	VOD V7 04/04/79	0.480%
96	Royal Bank Of Canada 6.500% Flt 11/24/85	-	0.470%
97	Societe Generale Sa	-	0.470%
98	Liberty Mutual Gr V/R 12/15/51	LIBMUT V4.125 12/15/	0.460%
99	Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025	BAC V6.25 PERP	0.460%
100	Valley National Bancorp	VLY	0.450%
101	Wells Fargo + Company Jr Subordina 12/99 Var	WFC V3.9 PERP BB	0.450%
102	Wintrust Financial Corp	WTFC	0.440%
103	UBS Group, 4.875% perp., USD	UBS V4.875 PERP 144A	0.420%
104	Ally Finl Inc 4.7%/Var Perp	ALLY V4.7 PERP C	0.420%
105	Axis Specialty Finance Llc 4.9% 01/15/2040	AXS V4.9 01/15/40	0.420%
106	Canadian Imperial Bank 7.000% Flt 10/28/85	CM V7 10/28/85	0.420%
107	Evergy Inc Subordinated 06/55 Var	EVRG V6.65 06/01/55	0.420%
108	Fifth Third Bancorp	FITB	0.420%
109	Bank Of Nova Scotia Jr Subordina 12/99 Var	-	0.410%
110	Nextera Energy 1.875% 01/15/27	NEE 1.875 01/15/27	0.410%
111	Sempra 5.5 08/01/2033	SRE 5.5 08/01/33	0.410%
112	Northwest Natural Holdi Jr Subordina 09/55 Var 7% 09/15/2055	NWN V7 09/15/55	0.400%
113	Voya Financial Inc	VOYA.PR.B	0.400%
114	Xcel Energy, Inc	XEL	0.400%
115	Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000	BANORT V6.625 PERP 1	0.400%
116	Bank Of New York Mellon Corp	BK	0.400%
117	Corebridge Financial Inc Variable Rate, Due 09/15/2054	CRBG V6.375 09/15/54	0.400%
118	Dte Energy Company	DTE	0.400%
119	General Motors Financial Co Inc (Pfd) 5.70% 03/30/2172 Perpetual	GM V5.7 PERP C	0.400%
120	American Express Co 3.55 Perpetl 9/15/2174	AXP V3.55 PERP	0.390%
121	Nisource Inc. 6.95 11/30/2054	NI V6.95 11/30/54	0.390%
122	Pnc Financial Servi V/R /Perp/	PNC V6.2 PERP V	0.390%
123	Ing Groep Nv	INTNED V3.875 PERP	0.380%
124	Rogers Communications, Inc.	RCICN V5.25 03/15/82	0.380%
125	Texas Capital Bancshares Inc	TCBI	0.380%
126	Dominion Energy Inc 4.350000% Maturity: Perpetual Callable 01/15/2027 At 100.0000	D V4.35 PERP C	0.380%
127	Fmc Corp V/R 11/01/55	FMC V8.45 11/01/55	0.380%
128	Banco Mercantil Del Norte, S.a.	BANORT V7.5 PERP 144	0.370%
129	South Bow Canadian Infrastructure Holdings Ltd 0.075 03/01/2055	SOBOCN	0.370%
130	Affiliated Managers Group Inc.	AMG	0.360%
131	American National Group Inc	AEL.PRA	0.360%
132	Banco Mercantil Del Norte Variable Rate	BANORT	0.360%
133	Credit Agricole Sa 7.13% Sep 23/35	-	0.360%
134	Enstar Finance Ll V/R 01/15/42	ESGR V5.5 01/15/42	0.360%
135	Goldman Sachs Group Inc Regd V/r /perp/ Ser Q 5.50000000	GS V7.379 PERP Q	0.360%
136	Hsbc Holdings Plc 6 05/22/2027	HSBC V6 PERP *	0.360%
137	Altagas Ltd V/R 10/15/54	ALACN V7.2 10/15/54	0.350%
138	Cvs Health Corp 7% 10Mar2055	CVS V7 03/10/55	0.350%
139	Canadian Imperial Bank Jr Subordina 01/85 Var	CM V6.95 01/28/85	0.350%
140	M&T Bank Corp 3.500000% Maturity: Perpetual	MTB V3.5 PERP	0.350%
141	Tpg Operating Group Ii Lp	TPGXL	0.350%
142	Qwest Corp Preferred Stock 06/57 6.75	CTDD	0.340%
143	Sce Trust Viii	EIX 6.95 PERP N	0.340%
144	Spire Inc. 0% 05/31/2056	-	0.340%
145	Stifel Finl Corp	SF	0.340%
146	Adamas Trust, Inc. Common Stock	ADAM:IL	0.340%
147	American Electric Power Co Inc 0.0605 03/f15/2056	-	0.330%
148	Entergy Corp Variable Rate, Due 06/15/2056	-	0.330%
149	Equitable Holdings Inc	-	0.330%
150	Farm Credit Bk Of Texas Jr Subordina 12/99 Var	FARMCB V7 PERP 6	0.330%
151	Bbva Bancomer Sa V/R 09/13/34	BBVASM V5.875 09/13/	0.320%
152	Aercap Ireland Cap/Globa Company Guar 01/56 Var	AER V6.5 01/31/56	0.310%
153	ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR	RY V6.75 08/24/85	0.310%
154	Sunoco LP 7.88 03/18/2174	-	0.310%
155	Telus Corp V/R 10/15/55	TCN V7 10/15/55	0.300%
156	Ubs Group Ag 144A 4.375000% Maturity: Perpetual	UBS V4.375 PERP 144A	0.300%
157	Bnp Paribas Sa	BNP V9.25 PERP 144A	0.300%
158	Citigroup Inc 3.88% 12/31/2099	C V3.875 PERP X	0.300%
159	Corebridge Financial, Inc. 6.88% Dec 01/30	-	0.290%
160	Fortegra Group Inc/The 9.25 11/15/2064	-	0.290%
161	Lincoln National Corp.	LNC	0.290%
162	Lincoln National, 9.25% perp., USD	LNC V9.25 PERP C	0.290%
163	Western Alliance Bancorp	WAL.PR.A	0.280%
164	American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062	AEP V3.875 02/15/62	0.280%
165	Cobank Acb	COBKAC	0.280%
166	Edison International 5Y Us Ti + 4.698 12/31/2049	EIX V5.375 PERP A	0.280%
167	Cadence Bancorp Common Stock	CADE	0.270%
168	Bank Of Montreal Jr Subordina 11/84 Var %	BMO V7.3 11/26/84	0.260%
169	Barclays Plc 8 12/71	A3K745	0.260%
170	First Horizon Natl Corp 6.5 Pfd	FHN.PE	0.260%
171	Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01	NEE V6.7 09/01/54	0.260%
172	Toronto-Dominion Bank/The	-	0.260%
173	Tpg Re Finance Trust, Inc.	TRTX	0.250%
174	Universal Insurance Holdings, Inc.	-	0.250%
175	British Telecommunications Plc	BRITEL V4.875 11/23/	0.250%
176	Cms Energy Corp 6.5 2055-06-01	CMS V6.5 06/01/55	0.250%
177	Exelon Corporation 6.5% Mar 15, 2055	EXC V6.5 03/15/55	0.250%
178	Athene Holding Ltd Pref	ATH 4.875 PERP D	0.240%
179	Perpetual Bonds	ACAFP	0.230%
180	Toronto-Dominion Bank Variable Rate, Due 10/31/2082	TD V8.125 10/31/82	0.230%
181	Renaissancere Holdings L /Pfd/	RNR.G	0.230%
182	Qwest Corp Preferred Stock 09/56 6.5	CTBB	0.220%
183	Standard Chartered Plc	-	0.220%
184	Corporate Bonds	BNP V4.625 PERP 144A	0.220%
185	Compeer Financial Aca	AGSTAR V4.875 PERP Q	0.210%
186	Jackson Financial Inc., Pfd.	JXN V8 PERP	0.210%
187	Prudential Financial Inc Mtn 3 Mar 10, 2040	PRU 3 03/10/40 MTN	0.210%
188	Southern Co Sr Unsecured 07/36 4.25	SO 4.25 07/01/36	0.210%
189	Pnc Financial Services Jr Subordina 12/99 Var	PNC V3.4 PERP T	0.200%
190	Washington Fed Hwy Grnt Antic	WAFD	0.200%
191	Wells Fargo & Co., Class A, Series L, Conv. Pfd.	WFC.PRL	0.200%
192	Natwest Group Pl	NWG V4.6 PERP .*.	0.190%
193	Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000	HBAN V5.625 PERP F	0.180%
194	Sce Trust Iv	SCE.PJ	0.180%
195	Morgan Stanley 5.3% 12/31/2049	MS V0 PERP N	0.170%
196	Natwest Group, 3.073% 22may2028	NWG V3.073 05/22/28	0.160%
197	Cno Financial Group Inc	CNO	0.160%
198	Citigroup, Inc. Pref	C V4 PERP W	0.150%
199	Everest Reinsurance Holdings Inc	-	0.150%
200	Wells Fargo + Co New 4.25 Pfd	WFC.D	0.150%
201	Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual	LLAKES 7.25 PERP 144	0.140%
202	Stifel Financial Corp Preferred Stock	SF.D	0.140%
203	General Motors Financial Co Inc	GM	0.140%
204	Carlyle Finance Llc	CGABL	0.130%
205	Arch Capital Group Ltd 5.45%	ACGLO	0.120%
206	Capital One Financial Corporation Depositary Shs Repr 1/40Th 5% Non-Cum Red Perp Pfd Registered Shs	COF.PR.I	0.120%
207	Arbor Rlty Tr Inc 6.375 Cum Pfd	ABR.PD	0.110%
208	Fulton Financial Corp	FULT	0.110%
209	Vistra Corp Regd V/R /Perp/ 144A P/P 7.00000000	VST V7 PERP 144A	0.100%
210	Societe Generale Sa	SOCGEN	0.060%
211	Societe Generale Jr Subordina 144A 12/99 Var	SOCGEN	0.060%
212	Annaly Capital Mgmt Ser F	NLY.F	0.060%
213	Assurant, Inc.	AIZN	0.030%