PREF holdings, by weight
#	Ticker	Name	Weight	Cumulative	Mkt value	Sector	Industry
1	—	Metlife Inc 5.85% Mar 15, 2056 5.85 2056-03-15	2.87%	2.9%	$42.59M	-	-
2	Debt	Bank Of America Corp Jr Subordina 12/99 VarFinancials · Banks	2.52%	5.4%	$37.38M	Financials	Banks
Sector and industry · Pro
3	—	Bank Of Nova Scotia Jr Subordina 10/82 Var	2.52%	7.9%	$37.36M
4	—	Toronto-Dominion Bank Variable Rate, Due 10/31/2082	2.48%	10.4%	$36.84M
5	Debt	JPMorgan Chase & Co	2.36%	12.8%	$34.94M
6	—	PNC Financial Services Group, Inc. 6.2506/15/2023	2.06%	14.8%	$30.51M
7	Debt	Bank Of America Corp. 5Y Us Ti +	1.86%	16.7%	$27.59M
8	Debt	Enbridge Inc	1.84%	18.5%	$27.29M
9	—	Huntington Bancshares Inc. 6.25% Oct 15/30	1.66%	20.2%	$24.67M
10	—	Wells Fargo Co 6.125 6/74	1.65%	21.8%	$24.43M
11	—	Bank Of Montreal Jr Subordina 11/84 Var %	1.50%	23.3%	$22.24M
12	Debt	Wells Fargo & Co	1.49%	24.8%	$22.04M
13	Debt	Et V6	1.44%	26.3%	$21.32M
14	—	Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000	1.38%	27.6%	$20.47M
15	—	Goldman Sachs Group Inc (The) 7.5%/Var Perp	1.37%	29.0%	$20.34M
16	—	Royal Bank Of Canada 6.500% Flt 11/24/85	1.35%	30.4%	$20.08M
17	Debt	Prudential Financial Inc	1.33%	31.7%	$19.78M
18	—	Goldman S Vrn 12/31/2199	1.31%	33.0%	$19.46M
19	—	Meiji Yasuda Life Insura 6.100% Flt 06/11/55 Sr:144A	1.23%	34.2%	$18.21M
20	—	Canadian Imperial Bank Jr Subordina 01/85 Var	1.22%	35.4%	$18.14M
21	—	Nextera Energy Capital Holdings, Inc	1.22%	36.7%	$18.17M
22	—	M&T Bank Corp 3.500000% Maturity: Perpetual	1.18%	37.8%	$17.51M
23	—	Us Bancorp Regd V/R /Perp/ 3.70000000	1.12%	39.0%	$16.57M
24	—	Transcanada Trust Company Guar 03/82 Var	1.11%	40.1%	$16.45M
25	—	Citigroup Inc 7 2079-12-31	1.10%	41.2%	$16.34M
26	—	Wells Fargo and Coperpetual Bonds	1.08%	42.2%	$16.01M
27	—	Electricite De France Sa 144A 9.13% Dec 31, 2079	1.07%	43.3%	$15.86M
28	PCRX	Pacira Biosciences Inc 2.13% May 15, 2029	1.06%	44.4%	$15.72M
29	—	Dominion Energy Inc Jr Subordina 02/56 Var 6.2 2056-02-15	1.04%	45.4%	$15.36M
30	—	JPMorgan Chase Bank, 6.125% Perp., USD	1.04%	46.5%	$15.47M
31	—	Liberty Mutual Gr V/R 12/15/51	1.03%	47.5%	$15.29M
32	—	PNC Financial Servi V/R /Perp/	1.02%	48.5%	$15.14M
33	Debt	American Electric Power Co. Inc. 5Y Us Ti +	0.99%	49.5%	$14.68M
34	—	Dai Ichi Life Insurance Subordinated 144A 12/99 Var	0.95%	50.5%	$14.07M
35	—	Royal Bank Of Canada Jr Subordina 11/84 Var	0.93%	51.4%	$13.85M
36	BNY	Bank Of New York Mellon Corp/The 3.750000% Maturity: Perpetual Callable 12/20/2026 At 100.0000	0.92%	52.3%	$13.60M
37	—	Royal Bk Canada 7.5 5/84	0.92%	53.2%	$13.66M
38	—	Bank Of Montreal Jr Subordina 11/85 Var	0.91%	54.1%	$13.55M
39	—	Toronto-Dominion Bank/The Jr Subordina 07/84 Var 7.25% 2084-07-31	0.89%	55.0%	$13.21M
40	Debt	JPMorgan Chase & Co Jr Sub Rvc	0.88%	55.9%	$13.10M
41	—	Charles Schwab Corp Variable Rate	0.88%	56.8%	$13.03M
42	—	Canadian Imperial Bank 7.000% Flt 10/28/85	0.87%	57.7%	$12.98M
43	—	Metlife Inc Jr Subordina 144a 04/38 9.25	0.83%	58.5%	$12.32M
44	—	Nippon Life Insur V/R 01/21/51	0.83%	59.3%	$12.24M
45	—	Alliant Energy Corp 5.75% Apr 01, 2056	0.82%	60.1%	$12.22M
46	—	Citigroup Inc 7.375 Perp	0.79%	60.9%	$11.70M
47	—	State Street Corp Jr Subordina 12/99 Var	0.78%	61.7%	$11.55M
48	Debt	Truist Financial Corp	0.78%	62.5%	$11.55M
49	Debt	Bp Capital Markets P.L.C	0.77%	63.3%	$11.38M
50	COF	Capital One Financial Co Jr Subordina 12/99 Var	0.76%	64.0%	$11.23M
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PREF ETF All Holdings

PREF holdings total 153 positions. The top 10 holdings account for 21.8% of the fund, led by Metlife Inc 5.85% Mar 15, 2056 5.85 2056-03-15 at 2.9%, Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025 at 2.5%, Bank Of Nova Scotia Jr Subordina 10/82 Var at 2.5%.

PREF portfolio concentration is well-diversified, with the top 10 representing 21.8% of total assets. The largest sector exposure is Financials at 61.2%.

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

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

PREF ETF Holdings

151 of 153 holdings

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Industry

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1
Metlife Inc 5.85% Mar 15, 2056 5.85 2056-03-15
Other
2.87%
2
Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025
BAC V6.25 PERPFinancials
2.52%
3
Bank Of Nova Scotia Jr Subordina 10/82 Var
BNS V8.625 10/27/82Financials
2.52%
4
Toronto-Dominion Bank Variable Rate, Due 10/31/2082
TD V8.125 10/31/82Financials
2.48%
5
Jpmorgan Chase & Co 6.5 04/01/2174
JPM V6.5 PERP OOFinancials
2.36%
6
Pnc Financial Services Group, Inc. 6.2506/15/2023
PNC V6.25 PERP WFinancials
2.06%
7
Bank Of America Corp. 5Y Us Ti + 2.684 12/31/9999
BAC V6.625 PERPFinancials
1.86%
8
Enbridge Inc 8.5% 01/15/2084
ENBCN V8.5 01/15/84Energy
1.84%
9
Huntington Bancshares Inc. 6.25% Oct 15/30
Other
1.66%
10
Wells Fargo Co 6.125 6/74
Other
1.65%
11
Bank Of Montreal Jr Subordina 11/84 Var %
BMO V7.3 11/26/84Financials
1.50%
12
Wells Fargo & Co.,6.85 09/15/2029
WFC V6.85 PERPFinancials
1.49%
13
Et V6.75 02/15/56 Corp
ET V6.75 02/15/56Energy
1.44%
14
Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000
HBAN V5.625 PERP FFinancials
1.38%
15
Goldman Sachs Group Inc (The) 7.5%/Var Perp
GS V7.5 PERP XFinancials
1.37%
16
Royal Bank Of Canada 6.500% Flt 11/24/85
Other
1.35%
17
Prudential Financial Inc 3.7% 10/01/2050
PRU V3.7 10/01/50Financials
1.33%
18
Goldman S Vrn 12/31/2199
GS V6.125 PERP YFinancials
1.31%
19
Meiji Yasuda Life Insura 6.100% Flt 06/11/55 Sr:144A
MYLIFE V6.1 06/11/55Financials
1.23%
20
Canadian Imperial Bank Jr Subordina 01/85 Var
CM V6.95 01/28/85Financials
1.22%
21
Nextera Energy Capital Holdings, Inc
NEE V3.8 03/15/82Utilities
1.22%
22
M&T Bank Corp 3.500000% Maturity: Perpetual
MTB V3.5 PERPFinancials
1.18%
23
Us Bancorp Regd V/R /Perp/ 3.70000000
USB V3.7 PERPFinancials
1.12%
24
Transcanada Trust Company Guar 03/82 Var
TRPCN V5.6 03/07/82Financials
1.11%
25
Citigroup Inc 7 2079-12-31
C V7 PERP DDFinancials
1.10%
26
Wells Fargo And Coperpetual Bonds
WFC V7.625 PERPFinancials
1.08%
27
Electricite De France Sa 144A 9.13% Dec 31, 2079
EDF V9.125 PERP 144AUtilities
1.07%
28
Pacira Biosciences Inc 2.13% May 15, 2029
C V6.75 PERP EEFinancials
1.06%
29
Dominion Energy Inc Jr Subordina 02/56 Var 6.2 2056-02-15
D V6.2 02/15/56Utilities
1.04%
30
Jpmorgan Chase Bank, 6.125% Perp., USD
VOYA V7.758 PERP AFinancials
1.04%
31
Liberty Mutual Gr V/R 12/15/51
LIBMUT V4.125 12/15/Financials
1.03%
32
Pnc Financial Servi V/R /Perp/
PNC V6.2 PERP VFinancials
1.02%
33
American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062
AEP V3.875 02/15/62Utilities
0.99%
34
Dai Ichi Life Insurance Subordinated 144A 12/99 Var
DAIL V6.2 PERP 144AFinancials
0.95%
35
Royal Bank Of Canada Jr Subordina 11/84 Var
RY V6.35 11/24/84Financials
0.93%
36
Bank Of New York Mellon Corp/The 3.750000% Maturity: Perpetual Callable 12/20/2026 At 100.0000
BK V3.75 PERP IFinancials
0.92%
37
Royal Bk Canada 7.5 5/84
RY V7.5 05/02/84Financials
0.92%
38
Bank Of Montreal Jr Subordina 11/85 Var
BMO V6.875 11/26/85 Financials
0.91%
39
Toronto-Dominion Bank/The Jr Subordina 07/84 Var 7.25% 2084-07-31
TD V7.25 07/31/84Financials
0.89%
40
Jpmorgan Chase & Co Jr Sub Rvc 0 01/00/1900
Other
0.88%
41
Charles Schwab Corp Variable Rate
Other
0.88%
42
Canadian Imperial Bank 7.000% Flt 10/28/85
CM V7 10/28/85Financials
0.87%
43
Metlife Inc Jr Subordina 144a 04/38 9.25
MET 9.25 04/08/38Financials
0.83%
44
Nippon Life Insur V/R 01/21/51
NIPLIF V2.75 01/21/5Financials
0.83%
45
Alliant Energy Corp 5.75% Apr 01, 2056
Other
0.82%
46
Citigroup Inc 7.375 Perp
C V7.375 PERP ZFinancials
0.79%
47
State Street Corp Jr Subordina 12/99 Var
STT V6.7 PERP JFinancials
0.78%
48
Truist Financial Corp 4.8 12/31/2099
TFC V6.669 PERP NFinancials
0.78%
49
Bp Capital Markets P.L.C. 6.125 06/17/2173
BPLN V6.125 PERPFinancials
0.77%
50
Capital One Financial Co Jr Subordina 12/99 Var
COF V3.95 PERP MFinancials
0.76%
51
Reinsurance Grp Of Amer Subordinated 09/55 Var
RGA V6.65 09/15/55Financials
0.75%
52
Bp Capital Markets Plc 6.45 2034-03-01
BPLN V6.45 PERPFinancials
0.71%
53
Dominion Energy, Inc. 6.625 05/14/2055
D V6.625 05/15/55Utilities
0.68%
54
Sempra 6.4 09/30/2054
SRE V6.4 10/01/54Utilities
0.67%
55
Dominion Energy Inc 6.88% 01Feb2055
D V6.875 02/01/55 AUtilities
0.65%
56
Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099
JPM V6.875 PERP NNFinancials
0.65%
57
Corebridge Financial, Inc. 6.88% Dec 01/30
Other
0.64%
58
Enbridge Inc 7.63 01/15/2083
ENBCN V7.625 01/15/8Energy
0.64%
59
Farm Credit Bk Of Texas Jr Subordina 12/99 Var
FARMCB V7 PERP 6Financials
0.64%
60
Keycorp Capital Iii
Other
0.64%
61
State Street Corp Jr Subordina 12/99 Var 6.7
STT V6.7 PERP IFinancials
0.63%
62
Psx V5.875 03/15/56 A Corp
Other
0.61%
63
ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR
RY V6.75 08/24/85Financials
0.61%
64
Altagas Ltd 7.2% 15Oct2054
ALACN V7.2 10/15/54 Utilities
0.59%
65
American Electric Power Jr Subordina 03/56 Var
Other
0.59%
66
Phillips 66 Company 0 03/14/2056
Other
0.59%
67
Bank Of N Vrn 10/27/85
Other
0.58%
68
Citigroup Inc 05/15/2174
Other
0.58%
69
Nippon Life Insurance 6.5% 04/30/2055
Other
0.58%
70
Net Other Assets
Other
0.58%
71
Citigroup Inc 6.95%
C V6.95 PERP FFFinancials
0.57%
72
Citizens Financial Group Jr Subordina 12/99 Var
CFG V4 PERP GFinancials
0.56%
73
Vodafone Group Plc 5.13% 2081/06/04 Variable Rate, Callable, USD
VOD V5.125 06/04/81Communication Services
0.55%
74
Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01
NEE V6.7 09/01/54Utilities
0.54%
75
Entergy Corp Jr Subordina 06/56 Var 06/15/2056
Other
0.53%
76
Algonquin Power & Utilities Corp., 4.75%, Jan 18, 2082
AQNCN V4.75 01/18/82Utilities
0.52%
77
Keycorp Capital I
Other
0.51%
78
Corebridge Financial Inc 6.88 12/15/2052
CRBG V6.875 12/15/52Financials
0.48%
79
Meiji Yasuda Life Insura Subordinated 144A 09/54 Var
MYLIFE V5.8 09/11/54Financials
0.48%
80
State Street Corp 6.45% 06/15/2173
STT V6.45 PERPFinancials
0.48%
81
Sempra Jr Subordina 04/55 Var %
SRE V6.55 04/01/55Utilities
0.45%
82
Trpcn 6 3/8 10/17/56 6 2056-10-17
Other
0.45%
83
Bank Nova Scoti 7.35 4/85
BNS V7.35 04/27/85Financials
0.44%
84
American Express Co Jr Subordina 12/99 Var
AXP V3.55 PERPFinancials
0.43%
85
Bp Capital Markets Plc
BPLN V4.875 PERPFinancials
0.43%
86
Bank Of Montreal (Callable) 7.70% May 26, 2084
BMO V7.7 05/26/84Financials
0.43%
87
Exelon Corporation 6.5% Mar 15, 2055
EXC V6.5 03/15/55Utilities
0.43%
88
Nisource, Inc. 6.95 11/30/2054
NI V6.95 11/30/54Utilities
0.43%
89
The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099
PNC V6 PERP UFinancials
0.41%
90
Truist Financial Corp
TFC V5.1 PERP QFinancials
0.41%
91
Spire Inc. 0% 05/31/2056
Other
0.40%
92
Sumitomo Life Insur 5.875% Flt 09/10/55 Sr:144A
Other
0.40%
93
Telus Corp 7% 15Oct2055
TCN V7 10/15/55Communication Services
0.39%
94
Bank Of Ny Mellon Corp Jr Subordina 12/99 Var 5.625% 12/31/2099 5.625 2099-12-31
Other
0.38%
95
American Electric V/R 12/15/54
AEP V6.95 12/15/54Utilities
0.37%
96
Duke Energy Corp 6.45 09/01/2054
DUK V6.45 09/01/54Utilities
0.37%
97
Verizon Communications 1% 05/14/2058
Other
0.36%
98
Transcanada Trust 5.5% 09/15/2079
TRPCN V5.5 09/15/79Financials
0.35%
99
Allianz Se 6.35 09-06-2053
ALVGR V6.35 09/06/53Financials
0.35%
100
Prudential Financial Inc 5.13 03/01/2052
PRU V5.125 03/01/52Financials
0.35%
101
Bank Of Nova Scotia/The 8 01-27-2084
BNS V8 01/27/84Financials
0.34%
102
Centerpoint Energy, Inc. 05/15/2055
CNP V6.7 05/15/55Utilities
0.33%
103
Evergy Inc Subordinated 06/55 Var
EVRG V6.65 06/01/55Utilities
0.33%
104
Suntrust Capital I
TFC F 05/15/27 AFinancials
0.32%
105
Us Bancorp 5.3 12/31/2099
USB V5.3 PERP JFinancials
0.32%
106
Corebridge Financial Inc Jr Subordina 09/54 Var
CRBG V6.375 09/15/54Financials
0.31%
107
Goldman Sachs Group Inc/The 6.85% Dec 31, 2079
GS V6.85 PERPFinancials
0.31%
108
Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099
BAC V6.125 PERP TTFinancials
0.30%
109
Bank Of Montreal 4.8 12/31/2099
BMO V6.709 PERPFinancials
0.29%
110
Sumitomo Life Insur Subordinated 144A 04/81 Var
SUMILF V3.375 04/15/Financials
0.29%
111
Nippon Life Insurance Regd V/R 144A P/P 2.90000000
NIPLIF V2.9 09/16/51Financials
0.28%
112
us dollar001/00/1900
Other
0.28%
113
Emera Us Finance V/R 10/01/56
Other
0.27%
114
Transcanada Pipel V/R 06/01/65
TRPCN V7 06/01/65Energy
0.27%
115
Telus Corp Jr Subordina 10/55 Var
TCN V6.625 10/15/55 Communication Services
0.26%
116
Telus Corp (Nc10.25) 6.63% Jun 09, 2056 6.63 2056-06-09
Other
0.26%
117
Enterprise Products Operating Company Guar 08/77 Var
EPD V5.25 08/16/77 EEnergy
0.25%
118
Pnc Financial Services Group, Inc.
PNC V3.4 PERP TFinancials
0.25%
119
American Electric Power Company, Inc. 7.05 12/15/2054
AEP V7.05 12/15/54 *Utilities
0.24%
120
Enbridge Inc Regd V/r Ser 20-a 5.75000000
ENBCN V5.75 07/15/80Energy
0.24%
121
Eushi Finance Inc Company Guar 12/54 Var
EMACN V7.625 12/15/5Financials
0.24%
122
Eversource Energy 6.10% 08/15/2031 6.1
Other
0.24%
123
Swiss Re Subordinated Finance Plc 144A 6.19% Apr 01, 2046
SRENVX V6.191 04/01/Financials
0.24%
124
Cms Energy Corp. 4.7499984 06-01-2050
CMS V4.75 06/01/50Utilities
0.22%
125
Wec Energy Group Inc 5.6 05/15/2056
Other
0.22%
126
Huntington Bancshares Incorporated 4.45% Oct 15/27
HBAN V4.45 PERP GFinancials
0.21%
127
Royal Bank Of Canada 6.5 05/24/2086 6.5
Other
0.21%
128
Cms Energy Corporation 3.75% Dec 01, 2050
CMS V3.75 12/01/50Utilities
0.19%
129
Energy Transfer Lp Energy Transfer Lp
ET V6.5 02/15/56Energy
0.19%
130
Northern Trust Corp 4.600000% Maturity: Perpetual
NTRS V4.6 PERP DFinancials
0.19%
131
Xcel Energy Inc 5.75 12/03/2056 5.75 2056-12-03
Other
0.17%
132
Cobank Acb 6.45% 12/31/2049
COBKAC V6.45 PERP KFinancials
0.15%
133
Duke Energy Corp. 5Y Us Ti + 2.321 01/15/2082
DUKUtilities
0.15%
134
Southern Co 6.375 03/15/2055
SO V6.375 03/15/55 2Utilities
0.15%
135
Citigroup Incperpetual Bonds
C V7.125 PERP CCFinancials
0.14%
136
Emera Inc 2076/06/15
EMACN V6.75 06/15/76Utilities
0.14%
137
Schwab Charles Corp 4/Var Perp
SCHW V4 PERP HFinancials
0.13%
138
Eversource Energy V/R 08/15/56 2056-08-15
Other
0.12%
139
American Electric V/R 03/15/56
Other
0.11%
140
Equitable Holdings Inc 6.700% Flt 03/28/55
EQH V6.7 03/28/55Financials
0.11%
141
Eushi Finance Inc Company Guar 04/56 Var
Other
0.10%
142
The Charles Schwab Corporation 5.00% Dec 31/99 5% 12/31/2099
SCHW V5 PERP KFinancials
0.10%
143
State Street Institutional US Government Money Market Fund
GVMXXFinancials
0.09%
144
Citigroup Inc 6.875 11/73 6.88 2173-11-15
C V6.875 PERP GGFinancials
0.08%
145
Swiss Re Subordinated Finance Plc 5.698% 04/05/2035
SRENVX V5.698 04/05/Financials
0.07%
146
Nisource Inc Jr Subordina 07/56 Var
Other
0.05%
147
Canadian Vrn 07/28/86
Other
0.03%
148
Telus Corp Jr Subordina 06/56 Var
Other
0.03%
149
Reinsurance Grp Of Amer Variable Rate, Due 09/15/2056
Other
0.02%
150
CenterPoint Energy Inc 5.95 04/01/2056
CNPUnknown
0.01%
151
Citigroup Inc Variable Rate
Other
0.01%

#	Company	Ticker	Weight
1	Metlife Inc 5.85% Mar 15, 2056 5.85 2056-03-15	-	2.870%
2	Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025	BAC V6.25 PERP	2.520%
3	Bank Of Nova Scotia Jr Subordina 10/82 Var	BNS V8.625 10/27/82	2.520%
4	Toronto-Dominion Bank Variable Rate, Due 10/31/2082	TD V8.125 10/31/82	2.480%
5	Jpmorgan Chase & Co 6.5 04/01/2174	JPM V6.5 PERP OO	2.360%
6	Pnc Financial Services Group, Inc. 6.2506/15/2023	PNC V6.25 PERP W	2.060%
7	Bank Of America Corp. 5Y Us Ti + 2.684 12/31/9999	BAC V6.625 PERP	1.860%
8	Enbridge Inc 8.5% 01/15/2084	ENBCN V8.5 01/15/84	1.840%
9	Huntington Bancshares Inc. 6.25% Oct 15/30	-	1.660%
10	Wells Fargo Co 6.125 6/74	-	1.650%
11	Bank Of Montreal Jr Subordina 11/84 Var %	BMO V7.3 11/26/84	1.500%
12	Wells Fargo & Co.,6.85 09/15/2029	WFC V6.85 PERP	1.490%
13	Et V6.75 02/15/56 Corp	ET V6.75 02/15/56	1.440%
14	Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000	HBAN V5.625 PERP F	1.380%
15	Goldman Sachs Group Inc (The) 7.5%/Var Perp	GS V7.5 PERP X	1.370%
16	Royal Bank Of Canada 6.500% Flt 11/24/85	-	1.350%
17	Prudential Financial Inc 3.7% 10/01/2050	PRU V3.7 10/01/50	1.330%
18	Goldman S Vrn 12/31/2199	GS V6.125 PERP Y	1.310%
19	Meiji Yasuda Life Insura 6.100% Flt 06/11/55 Sr:144A	MYLIFE V6.1 06/11/55	1.230%
20	Canadian Imperial Bank Jr Subordina 01/85 Var	CM V6.95 01/28/85	1.220%
21	Nextera Energy Capital Holdings, Inc	NEE V3.8 03/15/82	1.220%
22	M&T Bank Corp 3.500000% Maturity: Perpetual	MTB V3.5 PERP	1.180%
23	Us Bancorp Regd V/R /Perp/ 3.70000000	USB V3.7 PERP	1.120%
24	Transcanada Trust Company Guar 03/82 Var	TRPCN V5.6 03/07/82	1.110%
25	Citigroup Inc 7 2079-12-31	C V7 PERP DD	1.100%
26	Wells Fargo And Coperpetual Bonds	WFC V7.625 PERP	1.080%
27	Electricite De France Sa 144A 9.13% Dec 31, 2079	EDF V9.125 PERP 144A	1.070%
28	Pacira Biosciences Inc 2.13% May 15, 2029	C V6.75 PERP EE	1.060%
29	Dominion Energy Inc Jr Subordina 02/56 Var 6.2 2056-02-15	D V6.2 02/15/56	1.040%
30	Jpmorgan Chase Bank, 6.125% Perp., USD	VOYA V7.758 PERP A	1.040%
31	Liberty Mutual Gr V/R 12/15/51	LIBMUT V4.125 12/15/	1.030%
32	Pnc Financial Servi V/R /Perp/	PNC V6.2 PERP V	1.020%
33	American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062	AEP V3.875 02/15/62	0.990%
34	Dai Ichi Life Insurance Subordinated 144A 12/99 Var	DAIL V6.2 PERP 144A	0.950%
35	Royal Bank Of Canada Jr Subordina 11/84 Var	RY V6.35 11/24/84	0.930%
36	Bank Of New York Mellon Corp/The 3.750000% Maturity: Perpetual Callable 12/20/2026 At 100.0000	BK V3.75 PERP I	0.920%
37	Royal Bk Canada 7.5 5/84	RY V7.5 05/02/84	0.920%
38	Bank Of Montreal Jr Subordina 11/85 Var	BMO V6.875 11/26/85	0.910%
39	Toronto-Dominion Bank/The Jr Subordina 07/84 Var 7.25% 2084-07-31	TD V7.25 07/31/84	0.890%
40	Jpmorgan Chase & Co Jr Sub Rvc 0 01/00/1900	-	0.880%
41	Charles Schwab Corp Variable Rate	-	0.880%
42	Canadian Imperial Bank 7.000% Flt 10/28/85	CM V7 10/28/85	0.870%
43	Metlife Inc Jr Subordina 144a 04/38 9.25	MET 9.25 04/08/38	0.830%
44	Nippon Life Insur V/R 01/21/51	NIPLIF V2.75 01/21/5	0.830%
45	Alliant Energy Corp 5.75% Apr 01, 2056	-	0.820%
46	Citigroup Inc 7.375 Perp	C V7.375 PERP Z	0.790%
47	State Street Corp Jr Subordina 12/99 Var	STT V6.7 PERP J	0.780%
48	Truist Financial Corp 4.8 12/31/2099	TFC V6.669 PERP N	0.780%
49	Bp Capital Markets P.L.C. 6.125 06/17/2173	BPLN V6.125 PERP	0.770%
50	Capital One Financial Co Jr Subordina 12/99 Var	COF V3.95 PERP M	0.760%
51	Reinsurance Grp Of Amer Subordinated 09/55 Var	RGA V6.65 09/15/55	0.750%
52	Bp Capital Markets Plc 6.45 2034-03-01	BPLN V6.45 PERP	0.710%
53	Dominion Energy, Inc. 6.625 05/14/2055	D V6.625 05/15/55	0.680%
54	Sempra 6.4 09/30/2054	SRE V6.4 10/01/54	0.670%
55	Dominion Energy Inc 6.88% 01Feb2055	D V6.875 02/01/55 A	0.650%
56	Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099	JPM V6.875 PERP NN	0.650%
57	Corebridge Financial, Inc. 6.88% Dec 01/30	-	0.640%
58	Enbridge Inc 7.63 01/15/2083	ENBCN V7.625 01/15/8	0.640%
59	Farm Credit Bk Of Texas Jr Subordina 12/99 Var	FARMCB V7 PERP 6	0.640%
60	Keycorp Capital Iii	-	0.640%
61	State Street Corp Jr Subordina 12/99 Var 6.7	STT V6.7 PERP I	0.630%
62	Psx V5.875 03/15/56 A Corp	-	0.610%
63	ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR	RY V6.75 08/24/85	0.610%
64	Altagas Ltd 7.2% 15Oct2054	ALACN V7.2 10/15/54	0.590%
65	American Electric Power Jr Subordina 03/56 Var	-	0.590%
66	Phillips 66 Company 0 03/14/2056	-	0.590%
67	Bank Of N Vrn 10/27/85	-	0.580%
68	Citigroup Inc 05/15/2174	-	0.580%
69	Nippon Life Insurance 6.5% 04/30/2055	-	0.580%
70	Net Other Assets	-	0.580%
71	Citigroup Inc 6.95%	C V6.95 PERP FF	0.570%
72	Citizens Financial Group Jr Subordina 12/99 Var	CFG V4 PERP G	0.560%
73	Vodafone Group Plc 5.13% 2081/06/04 Variable Rate, Callable, USD	VOD V5.125 06/04/81	0.550%
74	Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01	NEE V6.7 09/01/54	0.540%
75	Entergy Corp Jr Subordina 06/56 Var 06/15/2056	-	0.530%
76	Algonquin Power & Utilities Corp., 4.75%, Jan 18, 2082	AQNCN V4.75 01/18/82	0.520%
77	Keycorp Capital I	-	0.510%
78	Corebridge Financial Inc 6.88 12/15/2052	CRBG V6.875 12/15/52	0.480%
79	Meiji Yasuda Life Insura Subordinated 144A 09/54 Var	MYLIFE V5.8 09/11/54	0.480%
80	State Street Corp 6.45% 06/15/2173	STT V6.45 PERP	0.480%
81	Sempra Jr Subordina 04/55 Var %	SRE V6.55 04/01/55	0.450%
82	Trpcn 6 3/8 10/17/56 6 2056-10-17	-	0.450%
83	Bank Nova Scoti 7.35 4/85	BNS V7.35 04/27/85	0.440%
84	American Express Co Jr Subordina 12/99 Var	AXP V3.55 PERP	0.430%
85	Bp Capital Markets Plc	BPLN V4.875 PERP	0.430%
86	Bank Of Montreal (Callable) 7.70% May 26, 2084	BMO V7.7 05/26/84	0.430%
87	Exelon Corporation 6.5% Mar 15, 2055	EXC V6.5 03/15/55	0.430%
88	Nisource, Inc. 6.95 11/30/2054	NI V6.95 11/30/54	0.430%
89	The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099	PNC V6 PERP U	0.410%
90	Truist Financial Corp	TFC V5.1 PERP Q	0.410%
91	Spire Inc. 0% 05/31/2056	-	0.400%
92	Sumitomo Life Insur 5.875% Flt 09/10/55 Sr:144A	-	0.400%
93	Telus Corp 7% 15Oct2055	TCN V7 10/15/55	0.390%
94	Bank Of Ny Mellon Corp Jr Subordina 12/99 Var 5.625% 12/31/2099 5.625 2099-12-31	-	0.380%
95	American Electric V/R 12/15/54	AEP V6.95 12/15/54	0.370%
96	Duke Energy Corp 6.45 09/01/2054	DUK V6.45 09/01/54	0.370%
97	Verizon Communications 1% 05/14/2058	-	0.360%
98	Transcanada Trust 5.5% 09/15/2079	TRPCN V5.5 09/15/79	0.350%
99	Allianz Se 6.35 09-06-2053	ALVGR V6.35 09/06/53	0.350%
100	Prudential Financial Inc 5.13 03/01/2052	PRU V5.125 03/01/52	0.350%
101	Bank Of Nova Scotia/The 8 01-27-2084	BNS V8 01/27/84	0.340%
102	Centerpoint Energy, Inc. 05/15/2055	CNP V6.7 05/15/55	0.330%
103	Evergy Inc Subordinated 06/55 Var	EVRG V6.65 06/01/55	0.330%
104	Suntrust Capital I	TFC F 05/15/27 A	0.320%
105	Us Bancorp 5.3 12/31/2099	USB V5.3 PERP J	0.320%
106	Corebridge Financial Inc Jr Subordina 09/54 Var	CRBG V6.375 09/15/54	0.310%
107	Goldman Sachs Group Inc/The 6.85% Dec 31, 2079	GS V6.85 PERP	0.310%
108	Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099	BAC V6.125 PERP TT	0.300%
109	Bank Of Montreal 4.8 12/31/2099	BMO V6.709 PERP	0.290%
110	Sumitomo Life Insur Subordinated 144A 04/81 Var	SUMILF V3.375 04/15/	0.290%
111	Nippon Life Insurance Regd V/R 144A P/P 2.90000000	NIPLIF V2.9 09/16/51	0.280%
112	us dollar001/00/1900	-	0.280%
113	Emera Us Finance V/R 10/01/56	-	0.270%
114	Transcanada Pipel V/R 06/01/65	TRPCN V7 06/01/65	0.270%
115	Telus Corp Jr Subordina 10/55 Var	TCN V6.625 10/15/55	0.260%
116	Telus Corp (Nc10.25) 6.63% Jun 09, 2056 6.63 2056-06-09	-	0.260%
117	Enterprise Products Operating Company Guar 08/77 Var	EPD V5.25 08/16/77 E	0.250%
118	Pnc Financial Services Group, Inc.	PNC V3.4 PERP T	0.250%
119	American Electric Power Company, Inc. 7.05 12/15/2054	AEP V7.05 12/15/54 *	0.240%
120	Enbridge Inc Regd V/r Ser 20-a 5.75000000	ENBCN V5.75 07/15/80	0.240%
121	Eushi Finance Inc Company Guar 12/54 Var	EMACN V7.625 12/15/5	0.240%
122	Eversource Energy 6.10% 08/15/2031 6.1	-	0.240%
123	Swiss Re Subordinated Finance Plc 144A 6.19% Apr 01, 2046	SRENVX V6.191 04/01/	0.240%
124	Cms Energy Corp. 4.7499984 06-01-2050	CMS V4.75 06/01/50	0.220%
125	Wec Energy Group Inc 5.6 05/15/2056	-	0.220%
126	Huntington Bancshares Incorporated 4.45% Oct 15/27	HBAN V4.45 PERP G	0.210%
127	Royal Bank Of Canada 6.5 05/24/2086 6.5	-	0.210%
128	Cms Energy Corporation 3.75% Dec 01, 2050	CMS V3.75 12/01/50	0.190%
129	Energy Transfer Lp Energy Transfer Lp	ET V6.5 02/15/56	0.190%
130	Northern Trust Corp 4.600000% Maturity: Perpetual	NTRS V4.6 PERP D	0.190%
131	Xcel Energy Inc 5.75 12/03/2056 5.75 2056-12-03	-	0.170%
132	Cobank Acb 6.45% 12/31/2049	COBKAC V6.45 PERP K	0.150%
133	Duke Energy Corp. 5Y Us Ti + 2.321 01/15/2082	DUK	0.150%
134	Southern Co 6.375 03/15/2055	SO V6.375 03/15/55 2	0.150%
135	Citigroup Incperpetual Bonds	C V7.125 PERP CC	0.140%
136	Emera Inc 2076/06/15	EMACN V6.75 06/15/76	0.140%
137	Schwab Charles Corp 4/Var Perp	SCHW V4 PERP H	0.130%
138	Eversource Energy V/R 08/15/56 2056-08-15	-	0.120%
139	American Electric V/R 03/15/56	-	0.110%
140	Equitable Holdings Inc 6.700% Flt 03/28/55	EQH V6.7 03/28/55	0.110%
141	Eushi Finance Inc Company Guar 04/56 Var	-	0.100%
142	The Charles Schwab Corporation 5.00% Dec 31/99 5% 12/31/2099	SCHW V5 PERP K	0.100%
143	State Street Institutional US Government Money Market Fund	GVMXX	0.090%
144	Citigroup Inc 6.875 11/73 6.88 2173-11-15	C V6.875 PERP GG	0.080%
145	Swiss Re Subordinated Finance Plc 5.698% 04/05/2035	SRENVX V5.698 04/05/	0.070%
146	Nisource Inc Jr Subordina 07/56 Var	-	0.050%
147	Canadian Vrn 07/28/86	-	0.030%
148	Telus Corp Jr Subordina 06/56 Var	-	0.030%
149	Reinsurance Grp Of Amer Variable Rate, Due 09/15/2056	-	0.020%
150	CenterPoint Energy Inc 5.95 04/01/2056	CNP	0.010%
151	Citigroup Inc Variable Rate	-	0.010%