PFFA ETF

$20.95

AUM$2.5B

TER2.11%

Holdings193

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PFFA ETF

$20.95

Virtus InfraCap US Preferred Stock ETF

AUM$2.5B

TER2.11%

Holdings193

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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

120.1%

Gross exposure

120.1%

Long

120.1%

Cash & collateral

-21.6%

As of Jan 30, 2026

Showing top 50 of 193 holdings · as of Jan 30, 2026

PFFA holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Share chg	Sector	Industry
1	—	Bought INR Sold USD 20260407	2.59%	2.6%	2,221,294	$56.04M	-	-	-
2	—	Forward Foreign Currency Contract	2.48%	5.1%	4,634,420	$53.62M	+66.8K	-	-
Share changes, sector and industry · Pro
3	—	Sold AUD Bought USD 20260402	2.43%	7.5%	806,460	$52.66M
4	—	Sold JPY Bought USD 20260507	2.42%	9.9%	1,159,712	$52.44M
5	TDS	Telephone and Data Systems Inc 6.000%	2.38%	12.3%	2,567,758	$51.64M
6	FCNCA	First Citizens BancShares Inc	2.35%	14.7%	2,050,000	$50.78M
7	—	Global Net Lease Inc 7.500%	2.21%	16.9%	1,942,029	$47.76M
8	—	Flagstar Bank Na 6.375%	2.13%	19.0%	2,028,816	$46.05M
9	RLJ.A	Rlj Lodging Trust 7.800%	2.13%	21.1%	1,815,584	$46.21M
10	Debt	Freddie Mac Pool Sd8212	2.02%	23.1%	2,537,407	$43.77M
11	—	Boeing Co/The 6.000%	1.99%	25.1%	578,963	$43.12M
12	—	Flagstar Bank Na 6.000%	1.96%	27.1%	1,042,285	$42.40M
13	—	Merchants Bancorp/In 7.625%	1.95%	29.0%	1,725,435	$42.29M
14	—	Two Harbors Investment Corp 8.944%	1.93%	31.0%	1,678,511	$41.86M
15	CTBB	Qwest Corp Preferred Stock 09/56 6.5	1.90%	32.9%	2,104,386	$41.04M
16	—	Forward Foreign Currency Contract	1.88%	34.8%	1,636,254	$40.68M
17	Debt	Fannie Mae Pool Ca7529	1.86%	36.6%	2,178,790	$40.31M
18	Debt	Adapthealth Llc	1.80%	38.4%	1,524,125	$38.99M
19	—	Triton International Ltd 7.625%	1.66%	40.1%	1,435,974	$35.99M
20	—	Babcock & Wilcox Enterprises Inc 7.750%	1.65%	41.7%	1,808,556	$35.66M
21	CTDD	Qwest Corp Preferred Stock 06/57 6.75	1.63%	43.3%	1,789,992	$35.28M
22	—	Aimbridge Acquisition Co., Inc., Term Loan, (1-Month Usd Cme Term Sofr + 7.614%) 6.00% Pik and 5.9354% Cash 3/11/2030	1.61%	45.0%	1,564,789	$34.88M
23	Debt	Mexico Government International Bond	1.59%	46.5%	1,376,558	$34.39M
24	—	Mfa Financial Inc 9.292%	1.51%	48.1%	1,412,484	$32.80M
25	—	Strategy Inc 3.921%	1.50%	49.6%	329,632	$32.45M
26	—	Valley National Bancorp 6.25 Pfd Stock Series A	1.47%	51.0%	1,261,673	$31.84M
27	—	Dte Energy Co 6.250%	1.45%	52.5%	1,271,110	$31.45M
28	—	Two Harbors Investment Corp 7.625%	1.44%	53.9%	1,258,990	$31.12M
29	Debt	Brixmor Operating Part	1.36%	55.3%	420,527	$29.39M
30	—	Adamas Trust Inc 10.362%	1.34%	56.6%	1,145,638	$29.04M
31	—	Pennymac Mortgage Investment Trust 9.958%	1.34%	58.0%	1,202,747	$29.00M
32	—	Bought PLN Sold USD 20260415	1.33%	59.3%	386,748	$28.71M
33	Debt	Telstra Group Ltd Mtn Regs 3.5% Sep 03, 2036	1.22%	60.5%	1,098,534	$26.34M
34	—	Sold COP Bought USD 20260617	1.21%	61.7%	370,749	$26.28M
35	—	Global Net Lease Inc 7.250%	1.18%	62.9%	1,092,968	$25.66M
36	—	Bought JPY Sold USD 20251002	1.18%	64.1%	1,092,411	$25.57M
37	—	Vornado Realty Trust 5.250%	1.15%	65.2%	1,409,621	$24.85M
38	Debt	Arthur J Gallagher & Co	1.14%	66.4%	1,236,568	$24.71M
39	Debt	Cascade Funding Mortgage Trust, Series 2024-Hb15, Class M1	1.14%	67.5%	1,126,735	$24.73M
40	—	Saul Centers Inc 6.000%	1.13%	68.6%	1,081,515	$24.39M
41	Debt	Babcock & Wilcox Enterprises Inc	1.05%	69.7%	22,768,968	$22.73M
42	Debt	Cisco Systems Inc Sr Unsecured 02/64 5.35	1.02%	70.7%	1,265,295	$22.16M
43	—	Compass Diversified Holdings 7.875%	1.00%	71.7%	1,064,819	$21.71M
44	IVR	Invesco Mortgage Capital Inc 7.500%	0.96%	72.7%	837,919	$20.83M
45	HPP	Hudson Pacific Properties Inc 4.750%	0.96%	73.6%	1,350,002	$20.83M
46	Debt	Caterpillar Inc	0.94%	74.6%	827,405	$20.36M
47	Debt	Fannie Mae Pool #Ma5699	0.94%	75.5%	812,695	$20.26M
48	—	Global Net Lease Inc 6.875%	0.94%	76.4%	892,195	$20.39M
49	—	Soybean Oil Futures, May-2026,Eth	0.93%	77.4%	858,554	$20.21M
50	—	Forward Foreign Currency Contract	0.91%	78.3%	1,087,044	$19.75M
More holdings · Pro

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PFFA ETF All Holdings

PFFA holdings total 193 positions. The top 10 holdings account for 23.1% of the fund, led by Bought INR Sold USD 20260407 at 2.6%, Forward Foreign Currency Contract at 2.5%, Sold AUD Bought USD 20260402 at 2.4%.

PFFA portfolio concentration is well-diversified, with the top 10 representing 23.1% of total assets. The largest sector exposure is Financials at 4.6%.

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

Compare PFFA

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

PFFA ETF Holdings

193 of 193 holdings

Sector

Industry

Sort By

1
Bought INR Sold USD 20260407
Other
2.59%
2
Forward Foreign Currency Contract
Other
2.48%
3
Sold AUD Bought USD 20260402
Other
2.43%
4
Sold JPY Bought USD 20260507
Other
2.42%
5
Telephone And Data Systems Inc 6.000%
Other
2.38%
6
First Citizens BancShares Inc
FCNCAFinancials
2.35%
7
Global Net Lease Inc 7.500%
Other
2.21%
8
Flagstar Bank Na 6.375%
Other
2.13%
9
Rlj Lodging Trust 7.800%
RLJ.AUnknown
2.13%
10
Freddie Mac Pool Sd8212 2.50% 5/1/2052
Other
2.02%
11
Boeing Co/The 6.000%
Other
1.99%
12
Flagstar Bank Na 6.000%
Other
1.96%
13
Merchants Bancorp/In 7.625%
Other
1.95%
14
Two Harbors Investment Corp 8.944%
Other
1.93%
15
Qwest Corp Preferred Stock 09/56 6.5
CTBBCommunication Services
1.90%
16
Forward Foreign Currency Contract
Other
1.88%
17
Fannie Mae Pool Ca7529 2.50% 10/1/2050
Other
1.86%
18
Adapthealth Llc 4.625 08/01/2029
Other
1.80%
19
Triton International Ltd 7.625%
Other
1.66%
20
Babcock & Wilcox Enterprises Inc 7.750%
BW.AUnknown
1.65%
21
Qwest Corp Preferred Stock 06/57 6.75
CTDDCommunication Services
1.63%
22
Aimbridge Acquisition Co., Inc., Term Loan, (1-Month Usd Cme Term Sofr + 7.614%) 6.00% Pik And 5.9354% Cash 3/11/2030
Other
1.61%
23
Mexico Government International Bond 0.0675 02/09/2056
Other
1.59%
24
Mfa Financial Inc 9.292%
Other
1.51%
25
Strategy Inc 3.921%
Other
1.50%
26
Valley National Bancorp 6.25 Pfd Stock Series A
VLYPPFinancials
1.47%
27
Dte Energy Co 6.250%
Other
1.45%
28
Two Harbors Investment Corp 7.625%
Other
1.44%
29
Brixmor Operating Part 2.5% 8/16/2031
Other
1.36%
30
Adamas Trust Inc 10.362%
Other
1.34%
31
Pennymac Mortgage Investment Trust 9.958%
Other
1.34%
32
Bought PLN Sold USD 20260415
Other
1.33%
33
Telstra Group Ltd Mtn Regs 3.5% Sep 03, 2036
Other
1.22%
34
Sold COP Bought USD 20260617
Other
1.21%
35
Global Net Lease Inc 7.250%
Other
1.18%
36
Bought JPY Sold USD 20251002
Other
1.18%
37
Vornado Realty Trust 5.250%
Other
1.15%
38
Arthur J Gallagher & Co 4.85 12/15/2029
Other
1.14%
39
Cascade Funding Mortgage Trust, Series 2024-Hb15, Class M1, 4% 8/25/2034
Other
1.14%
40
Saul Centers Inc 6.000%
Other
1.13%
41
Babcock & Wilcox Enterprises Inc 8.750% 06/30/2030
Other
1.05%
42
Cisco Systems Inc Sr Unsecured 02/64 5.35
Other
1.02%
43
Compass Diversified Holdings 7.875%
Other
1.00%
44
Invesco Mortgage Capital Inc 7.500%
Other
0.96%
45
Hudson Pacific Properties Inc 4.750%
Other
0.96%
46
Caterpillar Inc 3.25 04/09/2050
Other
0.94%
47
Fannie Mae Pool #Ma5699 5.00% 5/1/2055
Other
0.94%
48
Global Net Lease Inc 6.875%
Other
0.94%
49
Soybean Oil Futures, May-2026,Eth
Other
0.93%
50
Forward Foreign Currency Contract
Other
0.91%
51
Digitalbridge Group Inc 7.150%
DBRG.IUnknown
0.91%
52
Cion Investment Corp 7.500%
Other
0.89%
53
Jpmdb 2016-C2 A3A 2.8813% 6/15/2049
Other
0.87%
54
Federal Agricultural Mortgage Corp 6.500%
Other
0.84%
55
Export-Import Bank Of China/The 4.15 46556 2027-06-18
Other
0.82%
56
Amur Equipment Finance Receivables X Llc, Series 2022-1A, Class D
Other
0.78%
57
Rithm Capital Corp 8.750%
Other
0.78%
58
Digitalbridge Group Inc 7.125%
DBRG.PRHUnknown
0.78%
59
Gaslog Partners Lp 8.625%
Other
0.76%
60
Triton International Ltd 6.875%
Other
0.76%
61
Mcdonald'S Corp 3.5 07/01/2027
Other
0.75%
62
Freedom Mortgage Holdings Llc 8.375 04/01/2032
Other
0.75%
63
Synthetic Cash - Zvgi USD
Other
0.73%
64
Bread Financial Holdings Inc 8.625%
Other
0.72%
65
Newtekone Inc 8.625%
Other
0.72%
66
Rpm International Inc 4.55% 3/1/2029
Other
0.72%
67
Epr Properties 5.750%
Other
0.71%
68
Vornado Realty Trust 4.450%
Other
0.69%
69
Chart Industries Inc
GTLSIndustrials
0.67%
70
Forward Foreign Currency Contract
Other
0.67%
71
Ellington Financial Inc 9.128%
Other
0.66%
72
Ladder Capital Finance Holdings Lllp 4.25% 2/1/2027
Other
0.66%
73
Bear Stearns Asset-Backed Securities Trust 4.901% 07/25/2036 4.901 2036-07-25
Other
0.65%
74
Cion Investment Corp 7.500%
Other
0.65%
75
FW3337303.SRDUP
Other
0.64%
76
Romanian Government International Bond 4.000%, 02/14/51
Other
0.64%
77
Summit Hotel Properties Inc 6.250%
Other
0.62%
78
Redwood Trust Inc 9.000%
Other
0.62%
79
Aspen Insurance Holdings Ltd 7.000%
Other
0.62%
80
M&T Bank Corp 6.350%
Other
0.62%
81
Brighthouse Financial Inc. Depositary Shs Repr 1/1000Th 5.375% Non-Cum Red Perp Pfd Rg Shsseries C
BHFANUnknown
0.62%
82
Citigroup, Inc., Series U
C.PRKUnknown
0.58%
83
Global Auto Ho/Aag Fh Uk Sr Unsecured 144A 01/32 8.75
Other
0.57%
84
Bought IDR Sold USD 20260413
Other
0.56%
85
Strategy Inc 8.000%
Other
0.55%
86
Valley National Bancorp 8.250%
Other
0.54%
87
Oglethorpe Power Corp 1St Mortgage 04/47 4.5
Other
0.52%
88
317Uboda2 Pimco Swaption 3.0 Call USD 20260728
Other
0.52%
89
State Of Illinois 5 03/01/2046
Other
0.50%
90
Brighthouse Financial Inc. Depositary Shs Repr 11000Th 4.625 % NonCum Red Perp Pfd Rg Shs Series
BHFAMUnknown
0.50%
91
Freddie Mac Pool Rj1797 6.50% 6/1/2054
Other
0.49%
92
Finastra Us Tl 09/13/29
Other
0.48%
93
First Busey Corp 8.250%
Other
0.48%
94
Fannie Mae Remics 0.05 03/25/2052
Other
0.47%
95
F&G Annuities & Life Inc 7.300%
Other
0.46%
96
Ramaco Resources Inc 8.250%
Other
0.46%
97
Smyrna Ready Mix Concrete Llc 6.72 2029-04-02
Other
0.43%
98
Humana Inc Sr Unsecured 03/33 5.875
Other
0.42%
99
Newtekone Inc 8.500%
Other
0.42%
100
Annaly Capital Management Inc 8.875%
Other
0.42%
101
Enterprise Financial Services Corp. Pfd.
EFSCPUnknown
0.41%
102
Rithm Capital Corp 9.084%
Other
0.40%
103
Brighthouse Financial Inc Preferred Stock 6.6
BHFAPFinancials
0.39%
104
Chimera Investment Corp 8.000%
Other
0.39%
105
Braemar Hotels & Resorts Inc 5.500%
Other
0.39%
106
Navient Corp 6 Pfd
JSMFinancials
0.38%
107
Oxford Square Capital Corp 7.750%
Other
0.38%
108
Brighthouse Financial, Inc., Series B, 6.750%
BHFAOUnknown
0.38%
109
South Africa (Republic Of), Series R-2035, 8.875% 2/28/2035
Other
0.37%
110
Merchants Bancorp/In 6.000%
Other
0.37%
111
SCE Trust VIII 6.950%
Other
0.36%
112
Redwood Trust Inc 9.125%
Other
0.36%
113
Triton International Ltd 7.500%
TRTG:BMUnknown
0.36%
114
Applied Materials Inc Sr Unsecured 01/31 4
Other
0.35%
115
Brookfield Brp Holdings Canada Inc 7.250%
Other
0.34%
116
Ramaco Resources Inc 8.375%
Other
0.34%
117
Adamas Trust Inc 9.125%
Other
0.33%
118
Sound Point Meridian Capital Inc 8.000%
Other
0.32%
119
Legal & General Group Plc 5.125 2048-11-14 5.125 11/14/2048
Other
0.30%
120
Franklin Bsp Realty Trust Inc 7.500%
Other
0.28%
121
Rithm Property Trust Inc 9.875%
Other
0.27%
122
Axiata Spv2 Bhd
Other
0.26%
123
South Australian Government Financing Authority 3 2027-09-20
Other
0.25%
124
Ford Motor Co 6.000%
F.CUnknown
0.25%
125
Tpg Mortgage Investment Trust Inc 9.500%
Other
0.24%
126
Babcock & Wilcox Enterprises Inc 6.500%
Other
0.23%
127
Regency Centers Corp 5.875%
Other
0.23%
128
Us 2Yr Note (Cbt) Mar26
Other
0.21%
129
Armour Residential Reit Inc 7.000%
Other
0.21%
130
Agnc Investment Corp 8.750%
Other
0.20%
131
Hewlett Packard Enterprise Co 7.625%
Other
0.19%
132
Anheuser-Busch Inbev Sa/Nv,2.875,2032-04-02
Other
0.19%
133
Summit Hotel Properties Inc 5.875%
Other
0.19%
134
Post Holdings, Inc. 6.25% 2/15/2032
Other
0.19%
135
Liberty Broadband Corp.
LBRDPCommunication Services
0.18%
136
Us 2Yr Note (Cbt) Jun26 Financial Commodity Future.
Other
0.18%
137
Valley National Bancorp 7.529%
VLYPOUnknown
0.17%
138
American Express Co 4.44 05/03/2030
Other
0.16%
139
Synthetic Cash - Tgs USD
Other
0.15%
140
Venator Material, Llc, Term Loan, (Usd-Sofr + 10.00%) 8.00% Pik And 2.00% Cash 10/12/2028
Other
0.15%
141
Sold ZAR Bought USD 20251120
Other
0.14%
142
Sunstone Hotel Investors Inc 5.700%
Other
0.14%
143
Epr Properties 9.000%
Other
0.14%
144
Diversified Healthcare Trust 4.375 03/01/2031
Other
0.12%
145
Array Digital Infrastructure Inc 5.500%
Other
0.12%
146
Kaseya Inc Term Loan 8.67 2033-03-20
Other
0.12%
147
Forward Foreign Currency Contract
Other
0.11%
148
Wells Fargo & Company Mtn Regs 3.9 07/22/2032
Other
0.11%
149
Abacus Global Management Inc 9.875%
Other
0.11%
150
Acres Commercial Realty Corp 9.859%
Other
0.10%
151
Adamas Trust Inc 9.875%
Other
0.10%
152
Citizens Financial Group Inc 6.500%
Other
0.08%
153
Brookfield Infrastructure Finance Ulc 7.250%
Other
0.08%
154
Chimera Investment Corp 9.000%
Other
0.08%
155
S&p Smallcap 600 Index Swap Societe Generale
Other
0.08%
156
Eagle Point Institutional Income Fund 8.125%
Other
0.07%
157
Acres Commercial Realty Corp 7.875%
Other
0.07%
158
Cbm4012047.Srdup 19.26 2028-10-10
Other
0.06%
159
Forward Foreign Currency Contract
Other
0.06%
160
Sce Trust Vii 7.500%
Other
0.06%
161
Angel Oak Mortgage Reit Inc 9.500%
Other
0.05%
162
Sce Trust V 5.450%
Other
0.05%
163
Tpg Re Finance Trust Inc 6.250%
Other
0.04%
164
Truist Financial Corp 5.87 06/08/2034
Other
0.04%
165
Arbor Realty Trust Inc 6.375%
Other
0.04%
166
Sold PLN Bought USD 20260415
Other
0.04%
167
Pitney Bowes Inc 6.700%
Other
0.04%
168
Futures
Other
0.04%
169
Office Properties Income Trust 6.375%
Other
0.03%
170
Regions Financial Corp 6.950%
Other
0.03%
171
Aspen Insurance Holdings Ltd 5.625%
Other
0.03%
172
Ois Recfix USD 3.275% 04-18-23/04-18-30 Lch
Other
0.03%
173
The Bank Of New York Mellon Repurchase Agreement 2026-02-02
Other
0.03%
174
Oxford Lane Capital Corp 6.000%
Other
0.02%
175
Drb5384090.Srdup 28.77 2030-05-23
Other
0.02%
176
Birmingham Jefferson Ala Civic 4 07/01/2043
Other
0.02%
177
Arbor Realty Trust Inc 6.250%
Other
0.02%
178
Swp: Ois 3.500000 15-Mar-2028
Other
0.02%
179
Sold BRL Bought USD 20260702
Other
0.02%
180
Midland States Bancorp Inc 7.750%
Other
0.02%
181
Algonquin Power & Utilities Corp - Common
AQN:CAUtilities
0.01%
182
Bought INR Sold USD 20260424
Other
0.01%
183
U.S. Treasury 2.75% 8/15/2047
Other
0.01%
184
Brookfield Oaktree Holdings Llc 6.625%
Other
0.01%
185
Eagle Point Income Co Inc 8.000%
Other
0.01%
186
Ready Capital Corp 6.500%
Other
0.01%
187
Nextera Energy Inc.
NEEUtilities
0.00%
188
Cotton No. 2
Other
0.00%
189
Gladstone Land Corp 6.000%
Other
0.00%
190
General Motors Financial Co., Inc. 5.90% 1/7/2035
Other
0.00%
191
Csmc 2018-J1 A2 Csmc 2018-J1 A2
Other
0.00%
192
Alteo Ltd
ALTG:MUUnknown
0.00%
193
Cash/Cash Equivalents
Other
-25.44%

#	Company	Ticker	Weight
1	Bought INR Sold USD 20260407	-	2.590%
2	Forward Foreign Currency Contract	-	2.480%
3	Sold AUD Bought USD 20260402	-	2.430%
4	Sold JPY Bought USD 20260507	-	2.420%
5	Telephone And Data Systems Inc 6.000%	-	2.380%
6	First Citizens BancShares Inc	FCNCA	2.350%
7	Global Net Lease Inc 7.500%	-	2.210%
8	Flagstar Bank Na 6.375%	-	2.130%
9	Rlj Lodging Trust 7.800%	RLJ.A	2.130%
10	Freddie Mac Pool Sd8212 2.50% 5/1/2052	-	2.020%
11	Boeing Co/The 6.000%	-	1.990%
12	Flagstar Bank Na 6.000%	-	1.960%
13	Merchants Bancorp/In 7.625%	-	1.950%
14	Two Harbors Investment Corp 8.944%	-	1.930%
15	Qwest Corp Preferred Stock 09/56 6.5	CTBB	1.900%
16	Forward Foreign Currency Contract	-	1.880%
17	Fannie Mae Pool Ca7529 2.50% 10/1/2050	-	1.860%
18	Adapthealth Llc 4.625 08/01/2029	-	1.800%
19	Triton International Ltd 7.625%	-	1.660%
20	Babcock & Wilcox Enterprises Inc 7.750%	BW.A	1.650%
21	Qwest Corp Preferred Stock 06/57 6.75	CTDD	1.630%
22	Aimbridge Acquisition Co., Inc., Term Loan, (1-Month Usd Cme Term Sofr + 7.614%) 6.00% Pik And 5.9354% Cash 3/11/2030	-	1.610%
23	Mexico Government International Bond 0.0675 02/09/2056	-	1.590%
24	Mfa Financial Inc 9.292%	-	1.510%
25	Strategy Inc 3.921%	-	1.500%
26	Valley National Bancorp 6.25 Pfd Stock Series A	VLYPP	1.470%
27	Dte Energy Co 6.250%	-	1.450%
28	Two Harbors Investment Corp 7.625%	-	1.440%
29	Brixmor Operating Part 2.5% 8/16/2031	-	1.360%
30	Adamas Trust Inc 10.362%	-	1.340%
31	Pennymac Mortgage Investment Trust 9.958%	-	1.340%
32	Bought PLN Sold USD 20260415	-	1.330%
33	Telstra Group Ltd Mtn Regs 3.5% Sep 03, 2036	-	1.220%
34	Sold COP Bought USD 20260617	-	1.210%
35	Global Net Lease Inc 7.250%	-	1.180%
36	Bought JPY Sold USD 20251002	-	1.180%
37	Vornado Realty Trust 5.250%	-	1.150%
38	Arthur J Gallagher & Co 4.85 12/15/2029	-	1.140%
39	Cascade Funding Mortgage Trust, Series 2024-Hb15, Class M1, 4% 8/25/2034	-	1.140%
40	Saul Centers Inc 6.000%	-	1.130%
41	Babcock & Wilcox Enterprises Inc 8.750% 06/30/2030	-	1.050%
42	Cisco Systems Inc Sr Unsecured 02/64 5.35	-	1.020%
43	Compass Diversified Holdings 7.875%	-	1.000%
44	Invesco Mortgage Capital Inc 7.500%	-	0.960%
45	Hudson Pacific Properties Inc 4.750%	-	0.960%
46	Caterpillar Inc 3.25 04/09/2050	-	0.940%
47	Fannie Mae Pool #Ma5699 5.00% 5/1/2055	-	0.940%
48	Global Net Lease Inc 6.875%	-	0.940%
49	Soybean Oil Futures, May-2026,Eth	-	0.930%
50	Forward Foreign Currency Contract	-	0.910%
51	Digitalbridge Group Inc 7.150%	DBRG.I	0.910%
52	Cion Investment Corp 7.500%	-	0.890%
53	Jpmdb 2016-C2 A3A 2.8813% 6/15/2049	-	0.870%
54	Federal Agricultural Mortgage Corp 6.500%	-	0.840%
55	Export-Import Bank Of China/The 4.15 46556 2027-06-18	-	0.820%
56	Amur Equipment Finance Receivables X Llc, Series 2022-1A, Class D	-	0.780%
57	Rithm Capital Corp 8.750%	-	0.780%
58	Digitalbridge Group Inc 7.125%	DBRG.PRH	0.780%
59	Gaslog Partners Lp 8.625%	-	0.760%
60	Triton International Ltd 6.875%	-	0.760%
61	Mcdonald'S Corp 3.5 07/01/2027	-	0.750%
62	Freedom Mortgage Holdings Llc 8.375 04/01/2032	-	0.750%
63	Synthetic Cash - Zvgi USD	-	0.730%
64	Bread Financial Holdings Inc 8.625%	-	0.720%
65	Newtekone Inc 8.625%	-	0.720%
66	Rpm International Inc 4.55% 3/1/2029	-	0.720%
67	Epr Properties 5.750%	-	0.710%
68	Vornado Realty Trust 4.450%	-	0.690%
69	Chart Industries Inc	GTLS	0.670%
70	Forward Foreign Currency Contract	-	0.670%
71	Ellington Financial Inc 9.128%	-	0.660%
72	Ladder Capital Finance Holdings Lllp 4.25% 2/1/2027	-	0.660%
73	Bear Stearns Asset-Backed Securities Trust 4.901% 07/25/2036 4.901 2036-07-25	-	0.650%
74	Cion Investment Corp 7.500%	-	0.650%
75	FW3337303.SRDUP	-	0.640%
76	Romanian Government International Bond 4.000%, 02/14/51	-	0.640%
77	Summit Hotel Properties Inc 6.250%	-	0.620%
78	Redwood Trust Inc 9.000%	-	0.620%
79	Aspen Insurance Holdings Ltd 7.000%	-	0.620%
80	M&T Bank Corp 6.350%	-	0.620%
81	Brighthouse Financial Inc. Depositary Shs Repr 1/1000Th 5.375% Non-Cum Red Perp Pfd Rg Shsseries C	BHFAN	0.620%
82	Citigroup, Inc., Series U	C.PRK	0.580%
83	Global Auto Ho/Aag Fh Uk Sr Unsecured 144A 01/32 8.75	-	0.570%
84	Bought IDR Sold USD 20260413	-	0.560%
85	Strategy Inc 8.000%	-	0.550%
86	Valley National Bancorp 8.250%	-	0.540%
87	Oglethorpe Power Corp 1St Mortgage 04/47 4.5	-	0.520%
88	317Uboda2 Pimco Swaption 3.0 Call USD 20260728	-	0.520%
89	State Of Illinois 5 03/01/2046	-	0.500%
90	Brighthouse Financial Inc. Depositary Shs Repr 11000Th 4.625 % NonCum Red Perp Pfd Rg Shs Series	BHFAM	0.500%
91	Freddie Mac Pool Rj1797 6.50% 6/1/2054	-	0.490%
92	Finastra Us Tl 09/13/29	-	0.480%
93	First Busey Corp 8.250%	-	0.480%
94	Fannie Mae Remics 0.05 03/25/2052	-	0.470%
95	F&G Annuities & Life Inc 7.300%	-	0.460%
96	Ramaco Resources Inc 8.250%	-	0.460%
97	Smyrna Ready Mix Concrete Llc 6.72 2029-04-02	-	0.430%
98	Humana Inc Sr Unsecured 03/33 5.875	-	0.420%
99	Newtekone Inc 8.500%	-	0.420%
100	Annaly Capital Management Inc 8.875%	-	0.420%
101	Enterprise Financial Services Corp. Pfd.	EFSCP	0.410%
102	Rithm Capital Corp 9.084%	-	0.400%
103	Brighthouse Financial Inc Preferred Stock 6.6	BHFAP	0.390%
104	Chimera Investment Corp 8.000%	-	0.390%
105	Braemar Hotels & Resorts Inc 5.500%	-	0.390%
106	Navient Corp 6 Pfd	JSM	0.380%
107	Oxford Square Capital Corp 7.750%	-	0.380%
108	Brighthouse Financial, Inc., Series B, 6.750%	BHFAO	0.380%
109	South Africa (Republic Of), Series R-2035, 8.875% 2/28/2035	-	0.370%
110	Merchants Bancorp/In 6.000%	-	0.370%
111	SCE Trust VIII 6.950%	-	0.360%
112	Redwood Trust Inc 9.125%	-	0.360%
113	Triton International Ltd 7.500%	TRTG:BM	0.360%
114	Applied Materials Inc Sr Unsecured 01/31 4	-	0.350%
115	Brookfield Brp Holdings Canada Inc 7.250%	-	0.340%
116	Ramaco Resources Inc 8.375%	-	0.340%
117	Adamas Trust Inc 9.125%	-	0.330%
118	Sound Point Meridian Capital Inc 8.000%	-	0.320%
119	Legal & General Group Plc 5.125 2048-11-14 5.125 11/14/2048	-	0.300%
120	Franklin Bsp Realty Trust Inc 7.500%	-	0.280%
121	Rithm Property Trust Inc 9.875%	-	0.270%
122	Axiata Spv2 Bhd	-	0.260%
123	South Australian Government Financing Authority 3 2027-09-20	-	0.250%
124	Ford Motor Co 6.000%	F.C	0.250%
125	Tpg Mortgage Investment Trust Inc 9.500%	-	0.240%
126	Babcock & Wilcox Enterprises Inc 6.500%	-	0.230%
127	Regency Centers Corp 5.875%	-	0.230%
128	Us 2Yr Note (Cbt) Mar26	-	0.210%
129	Armour Residential Reit Inc 7.000%	-	0.210%
130	Agnc Investment Corp 8.750%	-	0.200%
131	Hewlett Packard Enterprise Co 7.625%	-	0.190%
132	Anheuser-Busch Inbev Sa/Nv,2.875,2032-04-02	-	0.190%
133	Summit Hotel Properties Inc 5.875%	-	0.190%
134	Post Holdings, Inc. 6.25% 2/15/2032	-	0.190%
135	Liberty Broadband Corp.	LBRDP	0.180%
136	Us 2Yr Note (Cbt) Jun26 Financial Commodity Future.	-	0.180%
137	Valley National Bancorp 7.529%	VLYPO	0.170%
138	American Express Co 4.44 05/03/2030	-	0.160%
139	Synthetic Cash - Tgs USD	-	0.150%
140	Venator Material, Llc, Term Loan, (Usd-Sofr + 10.00%) 8.00% Pik And 2.00% Cash 10/12/2028	-	0.150%
141	Sold ZAR Bought USD 20251120	-	0.140%
142	Sunstone Hotel Investors Inc 5.700%	-	0.140%
143	Epr Properties 9.000%	-	0.140%
144	Diversified Healthcare Trust 4.375 03/01/2031	-	0.120%
145	Array Digital Infrastructure Inc 5.500%	-	0.120%
146	Kaseya Inc Term Loan 8.67 2033-03-20	-	0.120%
147	Forward Foreign Currency Contract	-	0.110%
148	Wells Fargo & Company Mtn Regs 3.9 07/22/2032	-	0.110%
149	Abacus Global Management Inc 9.875%	-	0.110%
150	Acres Commercial Realty Corp 9.859%	-	0.100%
151	Adamas Trust Inc 9.875%	-	0.100%
152	Citizens Financial Group Inc 6.500%	-	0.080%
153	Brookfield Infrastructure Finance Ulc 7.250%	-	0.080%
154	Chimera Investment Corp 9.000%	-	0.080%
155	S&p Smallcap 600 Index Swap Societe Generale	-	0.080%
156	Eagle Point Institutional Income Fund 8.125%	-	0.070%
157	Acres Commercial Realty Corp 7.875%	-	0.070%
158	Cbm4012047.Srdup 19.26 2028-10-10	-	0.060%
159	Forward Foreign Currency Contract	-	0.060%
160	Sce Trust Vii 7.500%	-	0.060%
161	Angel Oak Mortgage Reit Inc 9.500%	-	0.050%
162	Sce Trust V 5.450%	-	0.050%
163	Tpg Re Finance Trust Inc 6.250%	-	0.040%
164	Truist Financial Corp 5.87 06/08/2034	-	0.040%
165	Arbor Realty Trust Inc 6.375%	-	0.040%
166	Sold PLN Bought USD 20260415	-	0.040%
167	Pitney Bowes Inc 6.700%	-	0.040%
168	Futures	-	0.040%
169	Office Properties Income Trust 6.375%	-	0.030%
170	Regions Financial Corp 6.950%	-	0.030%
171	Aspen Insurance Holdings Ltd 5.625%	-	0.030%
172	Ois Recfix USD 3.275% 04-18-23/04-18-30 Lch	-	0.030%
173	The Bank Of New York Mellon Repurchase Agreement 2026-02-02	-	0.030%
174	Oxford Lane Capital Corp 6.000%	-	0.020%
175	Drb5384090.Srdup 28.77 2030-05-23	-	0.020%
176	Birmingham Jefferson Ala Civic 4 07/01/2043	-	0.020%
177	Arbor Realty Trust Inc 6.250%	-	0.020%
178	Swp: Ois 3.500000 15-Mar-2028	-	0.020%
179	Sold BRL Bought USD 20260702	-	0.020%
180	Midland States Bancorp Inc 7.750%	-	0.020%
181	Algonquin Power & Utilities Corp - Common	AQN:CA	0.010%
182	Bought INR Sold USD 20260424	-	0.010%
183	U.S. Treasury 2.75% 8/15/2047	-	0.010%
184	Brookfield Oaktree Holdings Llc 6.625%	-	0.010%
185	Eagle Point Income Co Inc 8.000%	-	0.010%
186	Ready Capital Corp 6.500%	-	0.010%
187	Nextera Energy Inc.	NEE	0.000%
188	Cotton No. 2	-	0.000%
189	Gladstone Land Corp 6.000%	-	0.000%
190	General Motors Financial Co., Inc. 5.90% 1/7/2035	-	0.000%
191	Csmc 2018-J1 A2 Csmc 2018-J1 A2	-	0.000%
192	Alteo Ltd	ALTG:MU	0.000%
193	Cash/Cash Equivalents	-	-25.440%