PFO holdings, by weight
#	Ticker	Name	Weight	Cumulative	Shares	Mkt value	Share chg	Sector	Industry
1	PFS	Provident Financing Trust IFinancials · Diversified Financial Services	3.99%	4.0%	-	$5.39M	-	Financials	Diversified Financial Services
2	—	Metlife Inc Jr Subordina 144a 04/38 9.25Financials · Insurance	2.98%	7.0%	-	$4.02M	-	Financials	Insurance
Share changes, sector and industry · Pro
3	MS.PF	Morgan Stanley, Series F, Pfd.	2.77%	9.7%	148,000	$3.74M
4	—	New York Community Bancorp, Inc., Series A., Pfd.	2.75%	12.5%	166,600	$3.72M
5	—	Land O'Lakes Inc 8% /perp	2.66%	15.2%	-	$3.59M
6	FITB	Fifth Third Bancorp, Series I, Pfd.	2.64%	17.8%	139,104	$3.57M
7	—	Liberty Mutual Group Inc	2.61%	20.4%	-	$3.53M
8	HSBA	Hsbc Holdings Plc Regd V/R /Perp/ 6.50000000	2.60%	23.0%	-	$3.51M
9	DFG	Delphi Financial Group Inc	2.38%	25.4%	129,700	$3.21M
10	MET	Metlife Inc	2.34%	27.7%	-	$3.16M
11	—	Bnp Paribas Sa	2.30%	30.0%	-	$3.11M
12	Debt	Banco Santander, Sa	2.20%	32.2%	-	$2.97M
13	CMA	Comerica Inc.	2.00%	34.2%	104,660	$2.70M
14	RF	Regions Financial Corp	1.97%	36.2%	111,980	$2.66M
15	Debt	The PNC Financial Services Group, Inc. 6.00% Dec 31/99	1.77%	38.0%	-	$2.39M
16	—	Synovus Financial Corp	1.65%	39.6%	84,266	$2.22M
17	—	Athene Holding Ltd Pref	1.65%	41.3%	89,850	$2.22M
18	—	Liberty Mutual Insurance, 7.697% Due October 15, 2097	1.59%	42.9%	-	$2.14M
19	—	Emera Inc 2076/06/15	1.52%	44.4%	-	$2.05M
20	—	Lloyds Bk Gr Plc	1.32%	45.7%	-	$1.78M
21	—	Keycorp, Series E, Pfd.	1.29%	47.0%	69,411	$1.74M
22	WFC	Wells Fargo & Co	1.29%	48.3%	-	$1.75M
23	—	Standard Chartered Plc	1.27%	49.5%	-	$1.71M
24	—	Var.rt. Corp. Bonds	1.25%	50.8%	-	$1.69M
25	—	Citizens Financial Group 12/99 1	1.19%	52.0%	-	$1.61M
26	—	Banco Bilbao Vizcaya Argentaria Sa	1.16%	53.1%	-	$1.56M
27	—	Banco Bilbao Vizcaya Arg 9.38 03-19-2029	1.16%	54.3%	-	$1.56M
28	—	Enbridge, Inc. 7.375 2055-03-15	1.12%	55.4%	-	$1.51M
29	AQNB	Algonquin Pwr & Utility	1.11%	56.5%	58,330	$1.50M
30	—	Banco Santander Sa 0 03-01-2024	1.07%	57.6%	-	$1.45M
31	—	Keycorp KEY.PR.L	1.07%	58.7%	57,300	$1.45M
32	TSTXX	Blackrock Liquidity Funds-t Funds	1.05%	59.7%	1,419,131	$1.42M
33	Debt	Transcanada Trust	1.04%	60.8%	-	$1.41M
34	—	Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31	1.01%	61.8%	-	$1.37M
35	—	Citigroup Inc	0.95%	62.7%	-	$1.28M
36	WSBC	Wesbanco, Inc.	0.94%	63.7%	49,275	$1.27M
37	—	Edison International 5 3/71	0.92%	64.6%	-	$1.24M
38	—	Paramount Global (Usd) Variable Rate, Callable 6.375% Mar 30, 2062	0.92%	65.5%	-	$1.25M
39	—	Dominion Energy Inc 09/11/2023	0.91%	66.4%	-	$1.23M
40	MS.PE	Morgan Stanley, Series E, Pfd.	0.91%	67.3%	48,267	$1.23M
41	—	Peco Energy Capital Trust Iii	0.89%	68.2%	-	$1.21M
42	—	Arbor Realty Trust Prfd F	0.89%	69.1%	53,931	$1.20M
43	—	Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000	0.88%	70.0%	-	$1.18M
44	—	The Goldman Sachs Group Inc	0.84%	70.8%	-	$1.14M
45	—	Northpointe Bancshares Inc	0.84%	71.7%	46,000	$1.13M
46	SYF	Synchrony Finl	0.84%	72.5%	43,400	$1.13M
47	—	Ft Real Estate Secs /pfd//res/	0.83%	73.3%	1	$1.12M
48	—	Kkr Real Estate Fin Tr 6.5 Cum Pfd	0.82%	74.1%	61,284	$1.11M
49	Debt	Phillips 66 Company	0.81%	75.0%	-	$1.09M
50	Debt	Eushi Finance Inc	0.78%	75.7%	-	$1.06M
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PFO ETF All Holdings

PFO holdings total 260 positions. The top 10 holdings account for 27.7% of the fund, led by Provident Financing Trust I at 4.0%, Metlife Inc Jr Subordina 144a 04/38 9.25 at 3.0%, Morgan Stanley, Series F, Pfd. at 2.8%.

PFO portfolio concentration is well-diversified, with the top 10 representing 27.7% of total assets. The largest sector exposure is Financials at 87.2%.

PFO sector allocation provides a detailed breakdown. PFO overlap tool shows how holdings compare to other funds in your portfolio.

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PFO ETF Holdings

209 of 260 holdings

Sector

Industry

Sort By

1
Provident Financing Trust I
UNM 7.405 03/15/38Financials
3.99%
2
Metlife Inc Jr Subordina 144a 04/38 9.25
MET 9.25 04/08/38Financials
2.98%
3
Morgan Stanley, Series F, Pfd.
MS.PFFinancials
2.77%
4
New York Community Bancorp, Inc., Series A., Pfd.
FLG V6.375 PERP A.Financials
2.75%
5
Land O'Lakes Inc 8% /perp
LLAKES 8 PERP 144AConsumer Staples
2.66%
6
Fifth Third Bancorp, Series I, Pfd.
FITBIFinancials
2.64%
7
Liberty Mutual Group Inc
LIBMUT 7.8 03/15/37 Financials
2.61%
8
Hsbc Holdings Plc Regd V/R /Perp/ 6.50000000
HSBA:LNUnknown
2.60%
9
Delphi Financial Group Inc
DFGUnknown
2.38%
10
Metlife Inc
MET 10.75 08/01/39Financials
2.34%
11
Bnp Paribas Sa
BNP V7.75 PERP 144AFinancials
2.30%
12
Banco Santander, Sa 4.75% 12/31/2099
SANTANFinancials
2.20%
13
Comerica Inc.
CMAFinancials
2.00%
14
Regions Financial Corp
RF.PR.CFinancials
1.97%
15
The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099
PNC V6 PERP UFinancials
1.77%
16
Synovus Financial Corp
SNV.PR.EFinancials
1.65%
17
Athene Holding Ltd Pref
ATH 4.875 PERP DFinancials
1.65%
18
Liberty Mutual Insurance, 7.697% Due October 15, 2097
LIBMUT 7.697 10/15/9Financials
1.59%
19
Emera Inc 2076/06/15
EMACN V6.75 06/15/76Utilities
1.52%
20
Lloyds Bk Gr Plc
Other
1.32%
21
Keycorp, Series E, Pfd.
KEY.PIFinancials
1.29%
22
Wells Fargo & Co
WFC.PR.AFinancials
1.29%
23
Standard Chartered Plc
STANLN V7.75 PERP 14Financials
1.27%
24
Var.rt. Corp. Bonds
Other
1.25%
25
Citizens Financial Group 12/99 1
CFG V6.375 PERP CFinancials
1.19%
26
Banco Bilbao Vizcaya Argentaria Sa
BBVASMFinancials
1.16%
27
Banco Bilbao Vizcaya Arg 9.38 03-19-2029
BBVASMFinancials
1.16%
28
Enbridge, Inc. 7.375 2055-03-15
ENBCN V7.375 03/15/5Energy
1.12%
29
Algonquin Pwr & Utility
AQNBUtilities
1.11%
30
Banco Santander Sa 0 03-01-2024
Other
1.07%
31
Keycorp KEY.PR.L
KEY.PR.LFinancials
1.07%
32
Blackrock Liquidity Funds-t Funds
TSTXXFinancials
1.05%
33
Transcanada Trust 5.5% 09/15/2079
TRPCN V5.5 09/15/79Financials
1.04%
34
Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31
AAGACA V5.25 PERP QIFinancials
1.01%
35
Citigroup Inc
C V4.15 PERP YFinancials
0.95%
36
Wesbanco, Inc.
WSBCFinancials
0.94%
37
Edison Intl 5 3/71
EIX V5 PERP BUtilities
0.92%
38
Paramount Global (Usd) Variable Rate, Callable 6.375% Mar 30, 2062
PARA V6.375 03/30/62Communication Services
0.92%
39
Dominion Energy Inc 09/11/2023
Other
0.91%
40
Morgan Stanley, Series E, Pfd.
MS.PEFinancials
0.91%
41
Peco Energy Capital Trust Iii
Other
0.89%
42
Arbor Realty Trust Prfd F
ABR.PR.FFinancials
0.89%
43
Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000
ET V7.125 PERP GEnergy
0.88%
44
Goldman Sachs Group Inc/the
GS V7.56 PERP RFinancials
0.84%
45
Northpointe Bancshares Inc
NRTBNC.PUnknown
0.84%
46
Synchrony Finl
SYFFinancials
0.84%
47
Ft Real Estate Secs /pfd//res/
FHNUnknown
0.83%
48
Kkr Real Estate Fin Tr 6.5 Cum Pfd
KREF.PAFinancials
0.82%
49
Phillips 66 Company 0 03/14/2056
Other
0.81%
50
Eushi Finance Inc 7.63% 12/15/2054
Other
0.78%
51
Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099
JPM V6.875 PERP NNFinancials
0.78%
52
Enbridge Inc 6 01/15/2077
ENBCN V6 01/15/77 16Energy
0.77%
53
Kuvare Us Holdings Inc
KUVARE V7 02/17/51 1Financials
0.76%
54
Enstar Group, Ltd.
ESGRFinancials
0.74%
55
Everest Reinsurance Holdings Inc
Other
0.73%
56
Entergy Corp 7.13% 01Dec2054
ETR V7.125 12/01/54Utilities
0.72%
57
Sbl Holdings, Llc 6.5% 12/31/2099
Other
0.72%
58
PNC Financial Services Group, 3.5% 23jan2024
Other
0.71%
59
Reinsurance Group Of America Inc.
RGAFinancials
0.71%
60
Ally Financial Inc Jr Subordina 12/99 Var 4.7
ALLY V4.7 PERP BFinancials
0.70%
61
Sbl Holdings Inc Sr Unsecured 144a Var
Other
0.69%
62
Sempra Energy 5Y Us Ti + 2.868 04/01/2052
SRE V4.125 04/01/52Utilities
0.69%
63
Royal Bank Of Canada Jr Subordina 11/84 Var
RY V6.35 11/24/84Financials
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%, Jan 18, 2082
AQNCN V4.75 01/18/82Utilities
0.66%
66
Comed Financing Iii
Other
0.66%
67
Umb Financial Corporation
UMBFFinancials
0.65%
68
Duke Energy Corp 6.45 09/01/2054
DUK V6.45 09/01/54Utilities
0.64%
69
Aercap Ireland Ca V/R 03/10/55
AER V6.95 03/10/55Financials
0.63%
70
Nextera Energy Capital Ho 6.68588 06/14/2067
NEE V0 06/15/67Utilities
0.61%
71
Capital One Financial Co Jr Subordina 12/99 Var
COF V3.95 PERP MFinancials
0.60%
72
First Citizens Bancshares Inc, Class A
FCNCAFinancials
0.60%
73
Connectone Bancorp Inc
CNOBFinancials
0.59%
74
Energy Transfer Lp
ETEnergy
0.59%
75
Sce Trust V
SCE.PKUtilities
0.59%
76
Enbridge Inc 8.5% 01/15/2084
ENBCN V8.5 01/15/84Energy
0.58%
77
Huntington Bancshares Inc./Oh
HBANFinancials
0.57%
78
Sold NOK Bought USD 20260407
Other
0.57%
79
Bank Of Nova Scotia/The 8 01-27-2084
BNS V8 01/27/84Financials
0.57%
80
General Motors Financial Co In Jr Subordina 12/99 Var
GM V6.5 PERP BFinancials
0.54%
81
Sce Trust Vii
SCE.PRMUtilities
0.54%
82
Cnp 3.6 11/01/21
Other
0.52%
83
Societe Generale Jr Subordina 144A 12/99 Var
Other
0.52%
84
State Street Corp Jr Subordina 12/99 Var 6.7
STT V6.7 PERP IFinancials
0.52%
85
Aes Corp/The 7.6% 15Jan2055
AES V7.6 01/15/55Utilities
0.51%
86
Bank Of Montreal (Callable) 7.70% May 26, 2084
BMO V7.7 05/26/84Financials
0.51%
87
Bell Canada 7% 15Sep2055
BCECN V7 09/15/55Communication Services
0.50%
88
Royal Bk Canada 7.5 5/84
RY V7.5 05/02/84Financials
0.50%
89
Societe Generale Sa
Other
0.49%
90
Citizens Financial Group Inc.
CFGFinancials
0.48%
91
Global Atlantic Finance Co.
GBLATL 7.95 06/15/33Financials
0.48%
92
Wells Fargo And Coperpetual Bonds
WFC V3.9 PERP BBFinancials
0.48%
93
Apollo Global Management, Inc. (class A)
APOFinancials
0.48%
94
Royal Bank Of Canada 6.500% Flt 11/24/85
Other
0.47%
95
Liberty Mutual Gr V/R 12/15/51
LIBMUT V4.125 12/15/Financials
0.46%
96
Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025
BAC V6.25 PERPFinancials
0.46%
97
Barclays PLC 4.375%
BACR V4.375 PERPFinancials
0.45%
98
Ally Financial Inc. 7Y Us Ti + 3.481 12/31/2049
ALLY V4.7 PERP CFinancials
0.44%
99
Axis Specialty Finance Llc 4.9% 01/15/2040
AXS V4.9 01/15/40Financials
0.44%
100
Wintrust Financial Corp
WTFCFinancials
0.44%
101
UBS Group, 4.875% perp., USD
UBS V4.875 PERP 144AFinancials
0.43%
102
Canadian Imperial Bank 7.000% Flt 10/28/85
CM V7 10/28/85Financials
0.42%
103
Evergy Inc Subordinated 06/55 Var
EVRG V6.65 06/01/55Utilities
0.42%
104
Goldman Sachs Group Inc Regd V/r /perp/ Ser Q 5.50000000
GS V7.379 PERP QFinancials
0.42%
105
Sempra Corporate Bonds
SRE 5.5 08/01/33Utilities
0.42%
106
Corebridge Financial Inc Jr Subordina 09/54 Var
CRBG V6.375 09/15/54Financials
0.41%
107
General Motors Financial Co, Inc
GM V5.7 PERP CFinancials
0.41%
108
Voya Financial Inc
VOYA.PR.BFinancials
0.41%
109
PartnerRe Ltd.
PRE.J:BMUnknown
0.41%
110
Bank Of N Vrn 10/27/85
Other
0.41%
111
American Express Co Jr Subordina 12/99 Var
AXP V3.55 PERPFinancials
0.40%
112
Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000
BANORT V6.625 PERP 1Financials
0.40%
113
Deutsche Telekom Ag
DTEG.N:BEUtilities
0.40%
114
Northwest Natural Holdi Jr Subordina 09/55 Var 7% 09/15/2055
NWN V7 09/15/55Utilities
0.40%
115
Texas Capital Bancshares Inc
TCBIFinancials
0.40%
116
Xcel Energy Inc.
XELUtilities
0.40%
117
Nisource, Inc. 6.95 11/30/2054
NI V6.95 11/30/54Utilities
0.39%
118
Pnc Financial Servi V/R /Perp/
PNC V6.2 PERP VFinancials
0.39%
119
Bank Nova Scoti 7.35 4/85
BNS V7.35 04/27/85Financials
0.39%
120
Dominion Energy Inc Fixed-To-Fltg Cum Red Perp Pfd Registered Shs Series C, 4.35%, 04/15/99
D V4.35 PERP CUtilities
0.38%
121
Fmc Corporation 8.4510/31/2055
FMC V8.45 11/01/55Materials
0.38%
122
Rogers Communications Inc 144A 5.25% Mar 15, 2082
RCICN V5.25 03/15/82Communication Services
0.38%
123
Credit Agricole Sa 7.125% Flt Perp Sr:144A
Other
0.37%
124
Dime Community Bancshares Inc
DCOMP.PFinancials
0.37%
125
Ing Groep Nv
INTNED V3.875 PERPFinancials
0.37%
126
SOUTH BOW CANADIAN INFRASTRUCTURE 7.5 Mar 01, 2055
SOBOCNUtilities
0.37%
127
Affiliated Managers Group Inc Com
AMGFinancials
0.37%
128
American National Group Inc
AEL.PRAUnknown
0.37%
129
Banco Mercantil Del Norte Variable Rate
BANORTFinancials
0.37%
130
Bbva Bancomer Sa V/R 09/13/34
BBVASM V5.875 09/13/Financials
0.36%
131
Enstar Finance Ll V/R 01/15/42
ESGR V5.5 01/15/42Financials
0.36%
132
Hsbc Holdings Plc 6 05/22/2027
HSBC V6 PERP *Financials
0.36%
133
M&t Bank Corp.
MTBFinancials
0.36%
134
M&T Bank Corp 3.500000% Maturity: Perpetual
MTB V3.5 PERPFinancials
0.36%
135
Qwest Corp Preferred Stock 06/57 6.75
CTDDCommunication Services
0.36%
136
Tpg Operating Group Ii Lp
TPGXLFinancials
0.36%
137
Canadian Imperial Bank Jr Subordina 01/85 Var
CM V6.95 01/28/85Financials
0.35%
138
Stifel Financial Corp
SFFinancials
0.35%
139
Vly Valley National Bancorp
VLYFinancials
0.35%
140
Adamas Trust, Inc. Common Stock
ADAM:ILUnknown
0.35%
141
Altagas Ltd 7.2% 15Oct2054
ALACN V7.2 10/15/54 Utilities
0.35%
142
Cvs Health Corp 7% 10Mar2055
CVS V7 03/10/55Health Care
0.35%
143
Sce Trust Viii
EIX 6.95 PERP NUtilities
0.34%
144
Spire Inc. 0% 05/31/2056
Other
0.34%
145
Entergy Corp Jr Subordina 06/56 Var 06/15/2056
Other
0.33%
146
Equitable Holdings Inc
Other
0.33%
147
Farm Credit Bk Of Texas Jr Subordina 12/99 Var
FARMCB V7 PERP 6Financials
0.33%
148
Morgan Stanley 5.3% 12/31/2049
MS V0 PERP NFinancials
0.33%
149
American Electric Power Jr Subordina 03/56 Var
Other
0.33%
150
Sunoco LP 7.88 03/18/2174
Other
0.32%
151
Ubs Group Ag 144A 4.375000% Maturity: Perpetual
UBS V4.375 PERP 144AFinancials
0.32%
152
Citigroup Inc 3.88% 12/31/2099
C V3.875 PERP XFinancials
0.31%
153
Cobank Acb
COBKACFinancials
0.31%
154
ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR
RY V6.75 08/24/85Financials
0.31%
155
Fortegra Group Inc/The 9.25 11/15/2064
Other
0.30%
156
Telus Corp 7% 15Oct2055
TCN V7 10/15/55Communication Services
0.30%
157
Bnp Paribas Sa
BNP V9.25 PERP 144AFinancials
0.30%
158
Cadence Bancorp Common Stock
CADEFinancials
0.30%
159
Aercap Ireland Capital Dac / Aercap Global Aviation Trust 6.5 01/31/2056
AER V6.5 01/31/56Financials
0.29%
160
Corebridge Financial, Inc. 6.88% Dec 01/30
Other
0.29%
161
Edison International 5Y Us Ti + 4.698 12/31/2049
EIX V5.375 PERP AUtilities
0.29%
162
Lincoln National
LNCFinancials
0.29%
163
Lincoln National, 9.25% perp., USD
LNC V9.25 PERP CFinancials
0.29%
164
Metlife Capital Trust Iv
MET 7.875 12/15/37Financials
0.29%
165
Fg 7.3
FGFinancials
0.28%
166
Qwest Corp Preferred Stock 09/56 6.5
CTBBCommunication Services
0.28%
167
Tpg Re Finance Trust Inccommon Stock
TRTXFinancials
0.28%
168
Western Alliance Bancorp
WAL.PR.AFinancials
0.28%
169
Renaissancere Holdings L /Pfd/
RNR.GUnknown
0.27%
170
First Horizon Natl Corp 6.5 Pfd
FHN.PEFinancials
0.26%
171
Toronto-Dominion Bank/The
Other
0.26%
172
Bank Of Montreal Jr Subordina 11/84 Var %
BMO V7.3 11/26/84Financials
0.26%
173
Barclays Plc 8.000000% Maturity: Perpetual
BACR V8 PERPFinancials
0.26%
174
Cms Energy Corp Jr Subordina 06/55 Var
CMS V6.5 06/01/55Utilities
0.25%
175
Exelon Corporation 6.5% Mar 15, 2055
EXC V6.5 03/15/55Utilities
0.25%
176
Universal Insurance Holdings, Inc.
Other
0.25%
177
Axis Capital Holdings Ltd Common Stock
AXSFinancials
0.25%
178
Credit Agricole CIB, 4.75% perp., USD
ACAFPUnknown
0.24%
179
Webster Financial Corp
WBS.PR.GFinancials
0.24%
180
Societe Generale, 9.375% perp., USD
SOCGENFinancials
0.22%
181
Prudential Financial Inc 5.7% 12/14/2036
PRU 5.7 12/14/36 MTNFinancials
0.22%
182
Societe Generale Jr Subordina 144A 12/99 Var
SOCGENUnknown
0.22%
183
Corporate Bonds
BNP V4.625 PERP 144AFinancials
0.22%
184
Bank Of America Corp Jr Subordina 12/49 Var 6.3
BAC V6.3 PERP DDFinancials
0.22%
185
Compeer Financial Aca
AGSTAR V4.875 PERP QFinancials
0.21%
186
Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000
HBAN V5.625 PERP FFinancials
0.21%
187
Jackson Financial Inc., Pfd.
JXN V8 PERPFinancials
0.21%
188
Standard Chartered Plc
Other
0.21%
189
Washingtonfederalinc.
WAFDFinancials
0.21%
190
Huntington Bancshares Incorporated 4.45% Oct 15/27
HBAN V4.45 PERP GFinancials
0.20%
191
Pnc Financial Services Group, Inc.
PNC V3.4 PERP TFinancials
0.20%
192
Wells Fargo & Co., Class A, Series L, Conv. Pfd.
WFC.PRLFinancials
0.20%
193
Bank Of New York Mellon C 5.95 12/19/2173
Other
0.20%
194
Assurant, Inc.
AIZNFinancials
0.19%
195
Capital One Finl Corp 5.0 Pfd
COF.PIFinancials
0.19%
196
Natwest Group Pl
NWG V4.6 PERP .*.Financials
0.19%
197
Natwest Group Plc 3.073% 22/05/2028
NWG V3.073 05/22/28Financials
0.17%
198
Banco Mercantil Del Norte, S.a.
BANORT V7.5 PERP 144Financials
0.17%
199
Cno Financial Servicesancial Group Inc (Cno)
CNOFinancials
0.16%
200
Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual
LLAKES 7.25 PERP 144Consumer Staples
0.16%
201
Citigroup, Inc. Pref
C V4 PERP WFinancials
0.15%
202
Arch Capital Group Ltd 5.45%
ACGLOFinancials
0.15%
203
American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062
AEP V3.875 02/15/62Utilities
0.14%
204
Carlyle Finance Llc
CGABLFinancials
0.14%
205
Fulton Bank, N.A.
FULTFinancials
0.11%
206
Vistra Corp Regd V/R /Perp/ 144A P/P 7.00000000
VST V7 PERP 144AUtilities
0.10%
207
Arbor Rlty Tr Inc 6.375 Cum Pfd
ABR.PDFinancials
0.07%
208
Annaly Capital Mgmt Ser F
NLY.FFinancials
0.06%
209
Lehman Bros Hldg-escrow
LEHUnknown
0.00%

#	Company	Ticker	Weight
1	Provident Financing Trust I	UNM 7.405 03/15/38	3.990%
2	Metlife Inc Jr Subordina 144a 04/38 9.25	MET 9.25 04/08/38	2.980%
3	Morgan Stanley, Series F, Pfd.	MS.PF	2.770%
4	New York Community Bancorp, Inc., Series A., Pfd.	FLG V6.375 PERP A.	2.750%
5	Land O'Lakes Inc 8% /perp	LLAKES 8 PERP 144A	2.660%
6	Fifth Third Bancorp, Series I, Pfd.	FITBI	2.640%
7	Liberty Mutual Group Inc	LIBMUT 7.8 03/15/37	2.610%
8	Hsbc Holdings Plc Regd V/R /Perp/ 6.50000000	HSBA:LN	2.600%
9	Delphi Financial Group Inc	DFG	2.380%
10	Metlife Inc	MET 10.75 08/01/39	2.340%
11	Bnp Paribas Sa	BNP V7.75 PERP 144A	2.300%
12	Banco Santander, Sa 4.75% 12/31/2099	SANTAN	2.200%
13	Comerica Inc.	CMA	2.000%
14	Regions Financial Corp	RF.PR.C	1.970%
15	The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099	PNC V6 PERP U	1.770%
16	Synovus Financial Corp	SNV.PR.E	1.650%
17	Athene Holding Ltd Pref	ATH 4.875 PERP D	1.650%
18	Liberty Mutual Insurance, 7.697% Due October 15, 2097	LIBMUT 7.697 10/15/9	1.590%
19	Emera Inc 2076/06/15	EMACN V6.75 06/15/76	1.520%
20	Lloyds Bk Gr Plc	-	1.320%
21	Keycorp, Series E, Pfd.	KEY.PI	1.290%
22	Wells Fargo & Co	WFC.PR.A	1.290%
23	Standard Chartered Plc	STANLN V7.75 PERP 14	1.270%
24	Var.rt. Corp. Bonds	-	1.250%
25	Citizens Financial Group 12/99 1	CFG V6.375 PERP C	1.190%
26	Banco Bilbao Vizcaya Argentaria Sa	BBVASM	1.160%
27	Banco Bilbao Vizcaya Arg 9.38 03-19-2029	BBVASM	1.160%
28	Enbridge, Inc. 7.375 2055-03-15	ENBCN V7.375 03/15/5	1.120%
29	Algonquin Pwr & Utility	AQNB	1.110%
30	Banco Santander Sa 0 03-01-2024	-	1.070%
31	Keycorp KEY.PR.L	KEY.PR.L	1.070%
32	Blackrock Liquidity Funds-t Funds	TSTXX	1.050%
33	Transcanada Trust 5.5% 09/15/2079	TRPCN V5.5 09/15/79	1.040%
34	Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31	AAGACA V5.25 PERP QI	1.010%
35	Citigroup Inc	C V4.15 PERP Y	0.950%
36	Wesbanco, Inc.	WSBC	0.940%
37	Edison Intl 5 3/71	EIX V5 PERP B	0.920%
38	Paramount Global (Usd) Variable Rate, Callable 6.375% Mar 30, 2062	PARA V6.375 03/30/62	0.920%
39	Dominion Energy Inc 09/11/2023	-	0.910%
40	Morgan Stanley, Series E, Pfd.	MS.PE	0.910%
41	Peco Energy Capital Trust Iii	-	0.890%
42	Arbor Realty Trust Prfd F	ABR.PR.F	0.890%
43	Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000	ET V7.125 PERP G	0.880%
44	Goldman Sachs Group Inc/the	GS V7.56 PERP R	0.840%
45	Northpointe Bancshares Inc	NRTBNC.P	0.840%
46	Synchrony Finl	SYF	0.840%
47	Ft Real Estate Secs /pfd//res/	FHN	0.830%
48	Kkr Real Estate Fin Tr 6.5 Cum Pfd	KREF.PA	0.820%
49	Phillips 66 Company 0 03/14/2056	-	0.810%
50	Eushi Finance Inc 7.63% 12/15/2054	-	0.780%
51	Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099	JPM V6.875 PERP NN	0.780%
52	Enbridge Inc 6 01/15/2077	ENBCN V6 01/15/77 16	0.770%
53	Kuvare Us Holdings Inc	KUVARE V7 02/17/51 1	0.760%
54	Enstar Group, Ltd.	ESGR	0.740%
55	Everest Reinsurance Holdings Inc	-	0.730%
56	Entergy Corp 7.13% 01Dec2054	ETR V7.125 12/01/54	0.720%
57	Sbl Holdings, Llc 6.5% 12/31/2099	-	0.720%
58	PNC Financial Services Group, 3.5% 23jan2024	-	0.710%
59	Reinsurance Group Of America Inc.	RGA	0.710%
60	Ally Financial Inc Jr Subordina 12/99 Var 4.7	ALLY V4.7 PERP B	0.700%
61	Sbl Holdings Inc Sr Unsecured 144a Var	-	0.690%
62	Sempra Energy 5Y Us Ti + 2.868 04/01/2052	SRE V4.125 04/01/52	0.690%
63	Royal Bank Of Canada Jr Subordina 11/84 Var	RY V6.35 11/24/84	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%, Jan 18, 2082	AQNCN V4.75 01/18/82	0.660%
66	Comed Financing Iii	-	0.660%
67	Umb Financial Corporation	UMBF	0.650%
68	Duke Energy Corp 6.45 09/01/2054	DUK V6.45 09/01/54	0.640%
69	Aercap Ireland Ca V/R 03/10/55	AER V6.95 03/10/55	0.630%
70	Nextera Energy Capital Ho 6.68588 06/14/2067	NEE V0 06/15/67	0.610%
71	Capital One Financial Co Jr Subordina 12/99 Var	COF V3.95 PERP M	0.600%
72	First Citizens Bancshares Inc, Class A	FCNCA	0.600%
73	Connectone Bancorp Inc	CNOB	0.590%
74	Energy Transfer Lp	ET	0.590%
75	Sce Trust V	SCE.PK	0.590%
76	Enbridge Inc 8.5% 01/15/2084	ENBCN V8.5 01/15/84	0.580%
77	Huntington Bancshares Inc./Oh	HBAN	0.570%
78	Sold NOK Bought USD 20260407	-	0.570%
79	Bank Of Nova Scotia/The 8 01-27-2084	BNS V8 01/27/84	0.570%
80	General Motors Financial Co In Jr Subordina 12/99 Var	GM V6.5 PERP B	0.540%
81	Sce Trust Vii	SCE.PRM	0.540%
82	Cnp 3.6 11/01/21	-	0.520%
83	Societe Generale Jr Subordina 144A 12/99 Var	-	0.520%
84	State Street Corp Jr Subordina 12/99 Var 6.7	STT V6.7 PERP I	0.520%
85	Aes Corp/The 7.6% 15Jan2055	AES V7.6 01/15/55	0.510%
86	Bank Of Montreal (Callable) 7.70% May 26, 2084	BMO V7.7 05/26/84	0.510%
87	Bell Canada 7% 15Sep2055	BCECN V7 09/15/55	0.500%
88	Royal Bk Canada 7.5 5/84	RY V7.5 05/02/84	0.500%
89	Societe Generale Sa	-	0.490%
90	Citizens Financial Group Inc.	CFG	0.480%
91	Global Atlantic Finance Co.	GBLATL 7.95 06/15/33	0.480%
92	Wells Fargo And Coperpetual Bonds	WFC V3.9 PERP BB	0.480%
93	Apollo Global Management, Inc. (class A)	APO	0.480%
94	Royal Bank Of Canada 6.500% Flt 11/24/85	-	0.470%
95	Liberty Mutual Gr V/R 12/15/51	LIBMUT V4.125 12/15/	0.460%
96	Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025	BAC V6.25 PERP	0.460%
97	Barclays PLC 4.375%	BACR V4.375 PERP	0.450%
98	Ally Financial Inc. 7Y Us Ti + 3.481 12/31/2049	ALLY V4.7 PERP C	0.440%
99	Axis Specialty Finance Llc 4.9% 01/15/2040	AXS V4.9 01/15/40	0.440%
100	Wintrust Financial Corp	WTFC	0.440%
101	UBS Group, 4.875% perp., USD	UBS V4.875 PERP 144A	0.430%
102	Canadian Imperial Bank 7.000% Flt 10/28/85	CM V7 10/28/85	0.420%
103	Evergy Inc Subordinated 06/55 Var	EVRG V6.65 06/01/55	0.420%
104	Goldman Sachs Group Inc Regd V/r /perp/ Ser Q 5.50000000	GS V7.379 PERP Q	0.420%
105	Sempra Corporate Bonds	SRE 5.5 08/01/33	0.420%
106	Corebridge Financial Inc Jr Subordina 09/54 Var	CRBG V6.375 09/15/54	0.410%
107	General Motors Financial Co, Inc	GM V5.7 PERP C	0.410%
108	Voya Financial Inc	VOYA.PR.B	0.410%
109	PartnerRe Ltd.	PRE.J:BM	0.410%
110	Bank Of N Vrn 10/27/85	-	0.410%
111	American Express Co Jr Subordina 12/99 Var	AXP V3.55 PERP	0.400%
112	Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000	BANORT V6.625 PERP 1	0.400%
113	Deutsche Telekom Ag	DTEG.N:BE	0.400%
114	Northwest Natural Holdi Jr Subordina 09/55 Var 7% 09/15/2055	NWN V7 09/15/55	0.400%
115	Texas Capital Bancshares Inc	TCBI	0.400%
116	Xcel Energy Inc.	XEL	0.400%
117	Nisource, Inc. 6.95 11/30/2054	NI V6.95 11/30/54	0.390%
118	Pnc Financial Servi V/R /Perp/	PNC V6.2 PERP V	0.390%
119	Bank Nova Scoti 7.35 4/85	BNS V7.35 04/27/85	0.390%
120	Dominion Energy Inc Fixed-To-Fltg Cum Red Perp Pfd Registered Shs Series C, 4.35%, 04/15/99	D V4.35 PERP C	0.380%
121	Fmc Corporation 8.4510/31/2055	FMC V8.45 11/01/55	0.380%
122	Rogers Communications Inc 144A 5.25% Mar 15, 2082	RCICN V5.25 03/15/82	0.380%
123	Credit Agricole Sa 7.125% Flt Perp Sr:144A	-	0.370%
124	Dime Community Bancshares Inc	DCOMP.P	0.370%
125	Ing Groep Nv	INTNED V3.875 PERP	0.370%
126	SOUTH BOW CANADIAN INFRASTRUCTURE 7.5 Mar 01, 2055	SOBOCN	0.370%
127	Affiliated Managers Group Inc Com	AMG	0.370%
128	American National Group Inc	AEL.PRA	0.370%
129	Banco Mercantil Del Norte Variable Rate	BANORT	0.370%
130	Bbva Bancomer Sa V/R 09/13/34	BBVASM V5.875 09/13/	0.360%
131	Enstar Finance Ll V/R 01/15/42	ESGR V5.5 01/15/42	0.360%
132	Hsbc Holdings Plc 6 05/22/2027	HSBC V6 PERP *	0.360%
133	M&t Bank Corp.	MTB	0.360%
134	M&T Bank Corp 3.500000% Maturity: Perpetual	MTB V3.5 PERP	0.360%
135	Qwest Corp Preferred Stock 06/57 6.75	CTDD	0.360%
136	Tpg Operating Group Ii Lp	TPGXL	0.360%
137	Canadian Imperial Bank Jr Subordina 01/85 Var	CM V6.95 01/28/85	0.350%
138	Stifel Financial Corp	SF	0.350%
139	Vly Valley National Bancorp	VLY	0.350%
140	Adamas Trust, Inc. Common Stock	ADAM:IL	0.350%
141	Altagas Ltd 7.2% 15Oct2054	ALACN V7.2 10/15/54	0.350%
142	Cvs Health Corp 7% 10Mar2055	CVS V7 03/10/55	0.350%
143	Sce Trust Viii	EIX 6.95 PERP N	0.340%
144	Spire Inc. 0% 05/31/2056	-	0.340%
145	Entergy Corp Jr Subordina 06/56 Var 06/15/2056	-	0.330%
146	Equitable Holdings Inc	-	0.330%
147	Farm Credit Bk Of Texas Jr Subordina 12/99 Var	FARMCB V7 PERP 6	0.330%
148	Morgan Stanley 5.3% 12/31/2049	MS V0 PERP N	0.330%
149	American Electric Power Jr Subordina 03/56 Var	-	0.330%
150	Sunoco LP 7.88 03/18/2174	-	0.320%
151	Ubs Group Ag 144A 4.375000% Maturity: Perpetual	UBS V4.375 PERP 144A	0.320%
152	Citigroup Inc 3.88% 12/31/2099	C V3.875 PERP X	0.310%
153	Cobank Acb	COBKAC	0.310%
154	ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR	RY V6.75 08/24/85	0.310%
155	Fortegra Group Inc/The 9.25 11/15/2064	-	0.300%
156	Telus Corp 7% 15Oct2055	TCN V7 10/15/55	0.300%
157	Bnp Paribas Sa	BNP V9.25 PERP 144A	0.300%
158	Cadence Bancorp Common Stock	CADE	0.300%
159	Aercap Ireland Capital Dac / Aercap Global Aviation Trust 6.5 01/31/2056	AER V6.5 01/31/56	0.290%
160	Corebridge Financial, Inc. 6.88% Dec 01/30	-	0.290%
161	Edison International 5Y Us Ti + 4.698 12/31/2049	EIX V5.375 PERP A	0.290%
162	Lincoln National	LNC	0.290%
163	Lincoln National, 9.25% perp., USD	LNC V9.25 PERP C	0.290%
164	Metlife Capital Trust Iv	MET 7.875 12/15/37	0.290%
165	Fg 7.3	FG	0.280%
166	Qwest Corp Preferred Stock 09/56 6.5	CTBB	0.280%
167	Tpg Re Finance Trust Inccommon Stock	TRTX	0.280%
168	Western Alliance Bancorp	WAL.PR.A	0.280%
169	Renaissancere Holdings L /Pfd/	RNR.G	0.270%
170	First Horizon Natl Corp 6.5 Pfd	FHN.PE	0.260%
171	Toronto-Dominion Bank/The	-	0.260%
172	Bank Of Montreal Jr Subordina 11/84 Var %	BMO V7.3 11/26/84	0.260%
173	Barclays Plc 8.000000% Maturity: Perpetual	BACR V8 PERP	0.260%
174	Cms Energy Corp Jr Subordina 06/55 Var	CMS V6.5 06/01/55	0.250%
175	Exelon Corporation 6.5% Mar 15, 2055	EXC V6.5 03/15/55	0.250%
176	Universal Insurance Holdings, Inc.	-	0.250%
177	Axis Capital Holdings Ltd Common Stock	AXS	0.250%
178	Credit Agricole CIB, 4.75% perp., USD	ACAFP	0.240%
179	Webster Financial Corp	WBS.PR.G	0.240%
180	Societe Generale, 9.375% perp., USD	SOCGEN	0.220%
181	Prudential Financial Inc 5.7% 12/14/2036	PRU 5.7 12/14/36 MTN	0.220%
182	Societe Generale Jr Subordina 144A 12/99 Var	SOCGEN	0.220%
183	Corporate Bonds	BNP V4.625 PERP 144A	0.220%
184	Bank Of America Corp Jr Subordina 12/49 Var 6.3	BAC V6.3 PERP DD	0.220%
185	Compeer Financial Aca	AGSTAR V4.875 PERP Q	0.210%
186	Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000	HBAN V5.625 PERP F	0.210%
187	Jackson Financial Inc., Pfd.	JXN V8 PERP	0.210%
188	Standard Chartered Plc	-	0.210%
189	Washingtonfederalinc.	WAFD	0.210%
190	Huntington Bancshares Incorporated 4.45% Oct 15/27	HBAN V4.45 PERP G	0.200%
191	Pnc Financial Services Group, Inc.	PNC V3.4 PERP T	0.200%
192	Wells Fargo & Co., Class A, Series L, Conv. Pfd.	WFC.PRL	0.200%
193	Bank Of New York Mellon C 5.95 12/19/2173	-	0.200%
194	Assurant, Inc.	AIZN	0.190%
195	Capital One Finl Corp 5.0 Pfd	COF.PI	0.190%
196	Natwest Group Pl	NWG V4.6 PERP .*.	0.190%
197	Natwest Group Plc 3.073% 22/05/2028	NWG V3.073 05/22/28	0.170%
198	Banco Mercantil Del Norte, S.a.	BANORT V7.5 PERP 144	0.170%
199	Cno Financial Servicesancial Group Inc (Cno)	CNO	0.160%
200	Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual	LLAKES 7.25 PERP 144	0.160%
201	Citigroup, Inc. Pref	C V4 PERP W	0.150%
202	Arch Capital Group Ltd 5.45%	ACGLO	0.150%
203	American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062	AEP V3.875 02/15/62	0.140%
204	Carlyle Finance Llc	CGABL	0.140%
205	Fulton Bank, N.A.	FULT	0.110%
206	Vistra Corp Regd V/R /Perp/ 144A P/P 7.00000000	VST V7 PERP 144A	0.100%
207	Arbor Rlty Tr Inc 6.375 Cum Pfd	ABR.PD	0.070%
208	Annaly Capital Mgmt Ser F	NLY.F	0.060%
209	Lehman Bros Hldg-escrow	LEH	0.000%