DFP ETF

$20.29

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AUM$463M

Holdings245

DFP ETF

$20.29

Flaherty & Crumrine Dynamic Preferred and Income Fund Inc.

AUM$463M

Holdings245

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

Net exposure

144.4%

Gross exposure

144.4%

Long

144.4%

Cash & collateral

0.1%

As of Nov 28, 2025

Showing top 20 of 245 holdings— Unlock all holdings(as of Nov 28, 2025)

#	Ticker ↕	Name ↕	Weight ↓	Shares ↕	Mkt Value ↕	Share Chg	Sector	Industry
1	LIBMUT 7.8 03/15/37	Liberty Mutual Group Inc	5.17%	-	$24.22M	••••••	••••••••	••••••••
2	MET 9.25 04/08/38	Metlife Inc Jr Subordina 144a 04/38 9.25	4.41%	-	$20.66M	••••••	••••••••	••••••••
3	MS.PF	Morgan Stanley, Series F, Pfd.	3.65%	674,994	$17.07M	••••••	••••••••	••••••••
4	-	Lloyds Bk Gr Plc	3.62%	-	$16.96M	••••••	••••••••	••••••••
5	FLG V6.375 PERP A.	New York Community Bancorp, Inc., Series A., Pfd.	2.69%	565,254	$12.62M	••••••	••••••••	••••••••
6	LLAKES 8 PERP 144A	Land O'Lakes Inc 8% /perp	2.47%	-	$11.57M	••••••	••••••••	••••••••
7	SANTAN V4.75 PERP 00	Banco Santander, S.A. 4.75% Perp	2.41%	-	$11.27M	••••••	••••••••	••••••••
8	PNC V6 PERP U	The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099	2.32%	-	$10.85M	••••••	••••••••	••••••••
9	UNM 7.405 03/15/38	Provident Financing Trust I	2.29%	-	$10.73M	••••••	••••••••	••••••••
10	C V4.15 PERP Y	Citigroup Inc	2.17%	-	$10.17M	••••••	••••••••	••••••••
11	RF.PR.C	Regions Financial Corp	2.17%	418,219	$10.17M	••••••	••••••••	••••••••
12	WFC.PR.A	Wells Fargo & Co	2.07%	-	$9.69M	••••••	••••••••	••••••••
13	ATH	Athene Holding Ltd. Class A	2.01%	378,780	$9.41M	••••••	••••••••	••••••••
14	CMA	Comerica Inc.	1.99%	360,660	$9.31M	••••••	••••••••	••••••••
15	HSBA:LN	Hsbc Holdings Plc	1.97%	-	$9.25M	••••••	••••••••	••••••••
16	DFG	Delphi Financial Group Inc	1.90%	358,465	$8.88M	••••••	••••••••	••••••••
17	SOCGEN V9.375 PERP 1	Societe Generale Sa	1.72%	-	$8.05M	••••••	••••••••	••••••••
18	SNV	Synovus Financial Corp	1.62%	288,094	$7.61M	••••••	••••••••	••••••••
19	BNP V7.75 PERP 144A	Bnp Paribas Sa	1.60%	-	$7.47M	••••••	••••••••	••••••••
20	KEY.PI	Keycorp, Series E, Pfd.	1.56%	265,788	$7.30M	••••••	••••••••	••••••••

225+ more holdings available

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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 95.3%.

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

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
SANTAN V4.75 PERP 00Financials
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
Citigroup Inc
C V4.15 PERP YFinancials
2.17%
11
Regions Financial Corp
RF.PR.CFinancials
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
Societe Generale Sa
SOCGEN V9.375 PERP 1Financials
1.72%
18
Synovus Financial Corp
SNVFinancials
1.62%
19
Bnp Paribas Sa
BNP V7.75 PERP 144AFinancials
1.60%
20
Keycorp, Series E, Pfd.
KEY.PIFinancials
1.56%
21
Fifth Third Bancorp - Series I
FITBIFinancials
1.52%
22
Banco Bilbao Vizcaya Argentaria Sa 6.125 11/16/2027
BBVASM V6.125 PERPFinancials
1.51%
23
Emera Inc V/R 06/15/76
EMACN V6.75 06/15/76Utilities
1.47%
24
Synchrony Financial
SYFFinancials
1.38%
25
Bank Of Montreal Jr Subordina 11/85 Var
BMO V6.875 11/26/85 Financials
1.28%
26
American Intl Group 8.175 05/15/2058
Other
1.28%
27
Standard Chartered Plc
STANLN V7.75 PERP 14Financials
1.26%
28
Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000
ET V7.125 PERP GEnergy
1.25%
29
Blackrock Liquidity Funds T-Fund
TSTXXFinancials
1.21%
30
Banco Bilbao Vizcaya Argentaria Sa 9.375
BBVASM V9.375 PERPFinancials
1.15%
31
Enbridge Inc Subordinated 01/77 Var 01/15/2077
ENBCN V6 01/15/77 16Energy
1.11%
32
Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099
BAC V6.125 PERP TTFinancials
1.09%
33
Algonquin Pwr & Utility Flt 07/01/79 Sr:19-A
AQNBUtilities
1.09%
34
Keycorp KEY.PR.L
KEY.PR.LFinancials
1.07%
35
Enstar Group Ltd
ESGRFinancials
1.01%
36
Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31
AAGACA V5.25 PERP QIFinancials
1.01%
37
Banco Santander Sa 0 03-01-2024
Other
0.98%
38
Morgan Stanley, Series K, Pfd.
MS.PKFinancials
0.94%
39
Jpmorgan Chase And Co 3.65
JPM V3.65 PERP KKFinancials
0.93%
40
WesBanco Inc
WSBCFinancials
0.93%
41
Paramount Global, 6.37%, Due 03/30/2062
PARA V6.375 03/30/62Communication Services
0.92%
42
Citizens Financial Group Inc.
CFGFinancials
0.91%
43
Dominion Energy Inc 09/11/2023
Other
0.91%
44
Morgan Stanley, Series E, Pfd.
MS.PEFinancials
0.91%
45
Edison Intl 5 3/71
EIX V5 PERP BUtilities
0.89%
46
Kkr Real Estate Fin Tr 6.5 Cum Pfd
KREF.PAFinancials
0.89%
47
Jpmorgan Chase & Co., Series Nn 6.875%
JPM V6.875 PERP NNFinancials
0.86%
48
Goldman Sachs Group Inc/the
GS V7.56 PERP RFinancials
0.84%
49
Northpointe Bancshares Inc.
NRTBNCUnknown
0.83%
50
First Citizens BancShares Inc
FCNCAFinancials
0.81%
51
Psx V6.2 03/15/56 B Corp
Other
0.80%
52
Eushi Finance Inc 7.63% 12/15/2054
Other
0.79%
53
Arbor Realty Trust Prfd F
ABR.PR.FFinancials
0.77%
54
Huntington Bancshares Inc./Oh
HBANFinancials
0.76%
55
Metlife Inc 10.75 08/01/2039
MET 10.75 08/01/39Financials
0.74%
56
Kuvare Us Holdings Inc
KUVARE V7 02/17/51 1Financials
0.73%
57
Entergy Corp 7.13% 01Dec2054
ETR V7.125 12/01/54Utilities
0.72%
58
Reinsurance Group Of America, Inc
RGAFinancials
0.71%
59
Sbl Holdings, Llc 6.5% 12/31/2099
Other
0.71%
60
M&T Bank Corp
MTBFinancials
0.69%
61
Transcanada Trust 5.5% 09/15/2079
TRPCN V5.5 09/15/79Financials
0.69%
62
Royal Bank Of Canada Jr Subordina 11/84 Var
RY V6.35 11/24/84Financials
0.68%
63
Sempra Energy, 4.12%, Due 04/01/2052
SRE V4.125 04/01/52Utilities
0.68%
64
Ally Financial Inc. 5Y Us Ti + 3.868 12/31/2049
ALLY V4.7 PERP BFinancials
0.68%
65
American Electric V/R 12/15/54
AEP V6.95 12/15/54Utilities
0.68%
66
Algonquin Power & Utilities Corp 01-18-2082
AQNCN V4.75 01/18/82Utilities
0.67%
67
Sbl Holdings Inc Sr Unsecured 144a Var
Other
0.67%
68
Duke Energy Corp Jr Subordina 09/54 Var
DUK V6.45 09/01/54Utilities
0.64%
69
Umb Financial Corp
UMBFFinancials
0.64%
70
Athene (Ath) / Apollo Global Management (Apo)
APOFinancials
0.64%
71
Aercap Ireland Capital Dac / Aercap Global Aviation Trust Var.Rt. Corp. Bonds
AER V6.95 03/10/55Financials
0.62%
72
Dime Community Bancshares Inc
DCOMP.PFinancials
0.62%
73
Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029
Other
0.60%
74
Capital One Ficial Corporation 3.95% 12/31/2099
COF V3.95 PERP MFinancials
0.58%
75
ConnectOne Bancorp Inc
CNOBP.PFinancials
0.58%
76
Energy Transfer
ETEnergy
0.58%
77
Barclays PLC 4.375%
BACR V4.375 PERPFinancials
0.57%
78
Bank Of Nova Scotia/The 8 01-27-2084
BNS V8 01/27/84Financials
0.56%
79
Bank Of Nova Scotia Jr Subordina 10/82 Var
BNS V8.625 10/27/82Financials
0.55%
80
General Motors Financial Co In Jr Subordina 12/99 Var
GM V6.5 PERP BFinancials
0.54%
81
PartnerRe Ltd.
PRE.J:BMUnknown
0.54%
82
Citizens Financial Group 12/99 1
CFG V6.375 PERP CFinancials
0.52%
83
Nextera Energy Ca V/R 06/15/54
NEE V6.75 06/15/54Utilities
0.52%
84
Sce Trust Vii
SCE.PRMUtilities
0.52%
85
State Street Corp Jr Subordina 12/99 Var 6.7
STT V6.7 PERP IFinancials
0.52%
86
Cnp 3.6 11/01/21
Other
0.51%
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
Aes Corp/The 7.6% 15Jan2055
AES V7.6 01/15/55Utilities
0.50%
90
Bell Telephone Company (Nc10.5) 7 09/15/2055
BCECN V7 09/15/55Communication Services
0.49%
91
F&G Annuities & Life Inc
FGFinancials
0.49%
92
Sce Trust V
SCE.PKUtilities
0.49%
93
Societe Generale Jr Subordina 144A 12/99 Var
Other
0.49%
94
Global Atlantic Finance Co.
GBLATL 7.95 06/15/33Financials
0.48%
95
PNC FINANCIAL SERVICES REGD V/R 4.62600000
PNC V4.626 06/06/33Financials
0.48%
96
Vodafone Group Pl V/R 04/04/79
VOD V7 04/04/79Communication Services
0.48%
97
Royal Bank Of Canada 6.500% Flt 11/24/85
Other
0.47%
98
Societe Generale Sa
Other
0.47%
99
Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025
BAC V6.25 PERPFinancials
0.46%
100
Liberty Mutual Gr V/R 12/15/51
LIBMUT V4.125 12/15/Financials
0.46%
101
Valley National Bancorp
VLYFinancials
0.45%
102
Wells Fargo + Company Jr Subordina 12/99 Var
WFC V3.9 PERP BBFinancials
0.45%
103
Wintrust Financial Corp
WTFCFinancials
0.44%
104
Axis Capital Holdings Ltd. 4.9 1/15/2040
AXS V4.9 01/15/40Financials
0.42%
105
Canadian Imperial Bank 7.000% Flt 10/28/85
CM V7 10/28/85Financials
0.42%
106
Evergy Inc Subordinated 06/55 Var
EVRG V6.65 06/01/55Utilities
0.42%
107
Fifth Third Bancorp
FITBFinancials
0.42%
108
UBS Group, 4.875% perp., USD
UBS V4.875 PERP 144AFinancials
0.42%
109
Ally Finl Inc 4.7%/Var Perp
ALLY V4.7 PERP CFinancials
0.42%
110
Bank Of Nova Scotia Jr Subordina 12/99 Var
Other
0.41%
111
Nextera Energy Capital Holdings Inc. 1.875 01/15/2027
NEE 1.875 01/15/27Utilities
0.41%
112
Sempra 5.5 08/01/2033
SRE 5.5 08/01/33Utilities
0.41%
113
Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000
BANORT V6.625 PERP 1Financials
0.40%
114
Bank Of New York Mellon Corp
BKFinancials
0.40%
115
Corebridge Financial Inc Variable Rate, Due 09/15/2054
CRBG V6.375 09/15/54Financials
0.40%
116
Dte Energy Company
DTEUtilities
0.40%
117
General Motors Financial Co Inc (Pfd) 5.70% 03/30/2172 Perpetual
GM V5.7 PERP CFinancials
0.40%
118
Northwest Natural Holdi Jr Subordina 09/55 Var 7% 09/15/2055
NWN V7 09/15/55Utilities
0.40%
119
Voya Financial Inc.
VOYAFinancials
0.40%
120
Xcel Energy, Inc
XELUtilities
0.40%
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
American Express Company
AXP V3.55 PERPFinancials
0.39%
124
Dominion Energy Inc 4.350000% Maturity: Perpetual Callable 01/15/2027 At 100.0000
D V4.35 PERP CUtilities
0.38%
125
Fmc Corp V/R 11/01/55
FMC V8.45 11/01/55Materials
0.38%
126
Ing Groep Nv
INTNED V3.875 PERPFinancials
0.38%
127
Rogers Communications, Inc.
RCICN V5.25 03/15/82Communication Services
0.38%
128
Texas Capital Bancshares Inc
TCBIFinancials
0.38%
129
Banco Mercantil Del Norte, S.a.
BANORT V7.5 PERP 144Financials
0.37%
130
South Bow Canadian Infrastructure Holdings Ltd 0.075 03/01/2055
SOBOCNUtilities
0.37%
131
Banco Mercantil Del Norte Variable Rate
BANORTFinancials
0.36%
132
Credit Agricole Sa 7.13% Sep 23/35
Other
0.36%
133
Enstar Finance Ll V/R 01/15/42
ESGR V5.5 01/15/42Financials
0.36%
134
Goldman Sachs Group Inc/The Goldman Sachs Group Inc/The (Pfd) 5.50% 02/10/2173 Perpetual
GS V7.379 PERP QFinancials
0.36%
135
Hsbc Holdings Plc 6 05/22/2027
HSBC V6 PERP *Financials
0.36%
136
Sales Tax Securitization Corp 5.25% 01/01/2043
Other
0.36%
137
American National Group Inc
AEL.PRAUnknown
0.36%
138
Altagas Ltd V/R 10/15/54
ALACN V7.2 10/15/54 Utilities
0.35%
139
Cvs Health Corp 7% 10Mar2055
CVS V7 03/10/55Health Care
0.35%
140
Canadian Imperial Bank Jr Subordina 01/85 Var
CM V6.95 01/28/85Financials
0.35%
141
M&T Bank Corp 3.500000% Maturity: Perpetual
MTB V3.5 PERPFinancials
0.35%
142
Tpg Operating Group Ii Lp
TPGXLFinancials
0.35%
143
Adamas Trust, Inc.
ADAMLFinancials
0.34%
144
Qwest Corp Preferred Stock 06/57 6.75
CTDDCommunication Services
0.34%
145
Sce Trust Viii
EIX 6.95 PERP NUtilities
0.34%
146
Spire Inc. 0% 05/31/2056
Other
0.34%
147
Stifel Financial Corporation
SFFinancials
0.34%
148
Entergy Corp Jr Subordina 06/56 Var 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
American Electric Power Jr Subordina 03/56 Var
Other
0.33%
152
Bbva Bancomer Sa V/R 09/13/34
BBVASM V5.875 09/13/Financials
0.32%
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
Aercap Ireland Cap/Globa Company Guar 01/56 Var
AER V6.5 01/31/56Financials
0.31%
156
Bnp Paribas Sa 9.25% Nov 17/27
BNP V9.25 PERP 144AFinancials
0.30%
157
Citigroup Inc 3.88% 12/31/2099
C V3.875 PERP XFinancials
0.30%
158
Telus Corp V/R 10/15/55
TCN V7 10/15/55Communication Services
0.30%
159
Ubs Group Ag 144A 4.375000% Maturity: Perpetual
UBS V4.375 PERP 144AFinancials
0.30%
160
Corebridge Financial, Inc. 6.88% Dec 01/30
Other
0.29%
161
Fortegra Group Inc/The 9.25 11/15/2064
Other
0.29%
162
Lincoln National Corp.
LNCFinancials
0.29%
163
Lincoln National, 9.25% perp., USD
LNC V9.25 PERP CFinancials
0.29%
164
Cobank, Acb 6.25 09/30/2173
COBKACFinancials
0.28%
165
Edison International 5Y Us Ti + 4.698 12/31/2049
EIX V5.375 PERP AUtilities
0.28%
166
Western Alliance Bancorp Common Stock Usd 0.0001
WALFinancials
0.28%
167
American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062
AEP V3.875 02/15/62Utilities
0.28%
168
Cadence Bancorp Common Stock
CADEFinancials
0.27%
169
Bank Of Montreal Jr Subordina 11/84 Var %
BMO V7.3 11/26/84Financials
0.26%
170
Barclays Plc 8 12/71
BACR V8 PERPFinancials
0.26%
171
First Horizon Natl Corp 6.5 Pfd
FHN.PEFinancials
0.26%
172
Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01
NEE V6.7 09/01/54Utilities
0.26%
173
Toronto-Dominion Bank/The
Other
0.26%
174
British Telecommunications Plc
BRITEL V4.875 11/23/Communication Services
0.25%
175
Cms Energy Corp V/R 06/01/55
CMS V6.5 06/01/55Utilities
0.25%
176
Exelon Corporation 6.5% Mar 15, 2055
EXC V6.5 03/15/55Utilities
0.25%
177
Tpg Re Finance Trust Inc
TRTXFinancials
0.25%
178
Universal Insurance Holdings, Inc.
Other
0.25%
179
Athene Holding Ltd Pref
ATH 4.875 PERP DFinancials
0.24%
180
Perpetual Bonds
Other
0.23%
181
Toronto-Dominion Bank Variable Rate, Due 10/31/2082
TD V8.125 10/31/82Financials
0.23%
182
Renaissancere Holdings L /Pfd/
RNR.GUnknown
0.23%
183
Corporate Bonds
BNP V4.625 PERP 144AFinancials
0.22%
184
Qwest Corp Preferred Stock 09/56 6.5
CTBBCommunication Services
0.22%
185
Standard Chartered Plc
Other
0.22%
186
Compeer Financial Aca
AGSTAR V4.875 PERP QFinancials
0.21%
187
Jackson Financial Inc., Pfd.
JXN V8 PERPFinancials
0.21%
188
Prudential Financial Inc Mtn 3 Mar 10, 2040
PRU 3 03/10/40 MTNFinancials
0.21%
189
Southern Co/the
SO 4.25 07/01/36Utilities
0.21%
190
Pnc Financial Services Jr Subordina 12/99 Var
PNC V3.4 PERP TFinancials
0.20%
191
Wafd Inc
WAFDFinancials
0.20%
192
Wells Fargo & Co., Class A, Series L, Conv. Pfd.
WFC.PRLFinancials
0.20%
193
Natwest Group Pl
NWG V4.6 PERP .*.Financials
0.19%
194
Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000
HBAN V5.625 PERP FFinancials
0.18%
195
Sce Trust Iv
SCE.PJUtilities
0.18%
196
Morgan Stanley 5.3% 12/31/2049
MS V0 PERP NFinancials
0.17%
197
CNO Financial Group Inc
CNO.PFinancials
0.16%
198
Natwest Group Plc 1Y Us Ti + 2.55 05/22/2028
NWG V3.073 05/22/28Financials
0.16%
199
Citigroup, Inc. Pref
C V4 PERP WFinancials
0.15%
200
Everest Reinsurance Holdings Inc
Other
0.15%
201
Wells Fargo + Co New 4.25 Pfd
WFC.DFinancials
0.15%
202
General Motors Financial Co Inc
GMFinancials
0.14%
203
Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual
LLAKES 7.25 PERP 144Consumer Staples
0.14%
204
Stifel Financial Corp Preferred Stock
SF.DFinancials
0.14%
205
Carlyle Finance LLC
CGABLFinancials
0.13%
206
Arch Capital Group Ltd 5.45%
ACGLOFinancials
0.12%
207
Capital One Financial Corporation Depositary Shs Repr 1/40Th 5% Non-Cum Red Perp Pfd Registered Shs
COF.PR.IFinancials
0.12%
208
Arbor Rlty Tr Inc 6.375 Cum Pfd
ABR.PDFinancials
0.11%
209
Fulton Financial Corp
FULTP.PFinancials
0.11%
210
Vistra Corp Regd V/R /Perp/ 144A P/P 7.00000000
VST V7 PERP 144AUtilities
0.10%
211
Societe Generale 6.75% Perp.
Other
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 V4.75 PERP 00	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	Citigroup Inc	C V4.15 PERP Y	2.170%
11	Regions Financial Corp	RF.PR.C	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	Societe Generale Sa	SOCGEN V9.375 PERP 1	1.720%
18	Synovus Financial Corp	SNV	1.620%
19	Bnp Paribas Sa	BNP V7.75 PERP 144A	1.600%
20	Keycorp, Series E, Pfd.	KEY.PI	1.560%
21	Fifth Third Bancorp - Series I	FITBI	1.520%
22	Banco Bilbao Vizcaya Argentaria Sa 6.125 11/16/2027	BBVASM V6.125 PERP	1.510%
23	Emera Inc V/R 06/15/76	EMACN V6.75 06/15/76	1.470%
24	Synchrony Financial	SYF	1.380%
25	Bank Of Montreal Jr Subordina 11/85 Var	BMO V6.875 11/26/85	1.280%
26	American Intl Group 8.175 05/15/2058	-	1.280%
27	Standard Chartered Plc	STANLN V7.75 PERP 14	1.260%
28	Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000	ET V7.125 PERP G	1.250%
29	Blackrock Liquidity Funds T-Fund	TSTXX	1.210%
30	Banco Bilbao Vizcaya Argentaria Sa 9.375	BBVASM V9.375 PERP	1.150%
31	Enbridge Inc Subordinated 01/77 Var 01/15/2077	ENBCN V6 01/15/77 16	1.110%
32	Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099	BAC V6.125 PERP TT	1.090%
33	Algonquin Pwr & Utility Flt 07/01/79 Sr:19-A	AQNB	1.090%
34	Keycorp KEY.PR.L	KEY.PR.L	1.070%
35	Enstar Group Ltd	ESGR	1.010%
36	Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31	AAGACA V5.25 PERP QI	1.010%
37	Banco Santander Sa 0 03-01-2024	-	0.980%
38	Morgan Stanley, Series K, Pfd.	MS.PK	0.940%
39	Jpmorgan Chase And Co 3.65	JPM V3.65 PERP KK	0.930%
40	WesBanco Inc	WSBC	0.930%
41	Paramount Global, 6.37%, Due 03/30/2062	PARA V6.375 03/30/62	0.920%
42	Citizens Financial Group Inc.	CFG	0.910%
43	Dominion Energy Inc 09/11/2023	-	0.910%
44	Morgan Stanley, Series E, Pfd.	MS.PE	0.910%
45	Edison Intl 5 3/71	EIX V5 PERP B	0.890%
46	Kkr Real Estate Fin Tr 6.5 Cum Pfd	KREF.PA	0.890%
47	Jpmorgan Chase & Co., Series Nn 6.875%	JPM V6.875 PERP NN	0.860%
48	Goldman Sachs Group Inc/the	GS V7.56 PERP R	0.840%
49	Northpointe Bancshares Inc.	NRTBNC	0.830%
50	First Citizens BancShares Inc	FCNCA	0.810%
51	Psx V6.2 03/15/56 B Corp	-	0.800%
52	Eushi Finance Inc 7.63% 12/15/2054	-	0.790%
53	Arbor Realty Trust Prfd F	ABR.PR.F	0.770%
54	Huntington Bancshares Inc./Oh	HBAN	0.760%
55	Metlife Inc 10.75 08/01/2039	MET 10.75 08/01/39	0.740%
56	Kuvare Us Holdings Inc	KUVARE V7 02/17/51 1	0.730%
57	Entergy Corp 7.13% 01Dec2054	ETR V7.125 12/01/54	0.720%
58	Reinsurance Group Of America, Inc	RGA	0.710%
59	Sbl Holdings, Llc 6.5% 12/31/2099	-	0.710%
60	M&T Bank Corp	MTB	0.690%
61	Transcanada Trust 5.5% 09/15/2079	TRPCN V5.5 09/15/79	0.690%
62	Royal Bank Of Canada Jr Subordina 11/84 Var	RY V6.35 11/24/84	0.680%
63	Sempra Energy, 4.12%, Due 04/01/2052	SRE V4.125 04/01/52	0.680%
64	Ally Financial Inc. 5Y Us Ti + 3.868 12/31/2049	ALLY V4.7 PERP B	0.680%
65	American Electric V/R 12/15/54	AEP V6.95 12/15/54	0.680%
66	Algonquin Power & Utilities Corp 01-18-2082	AQNCN V4.75 01/18/82	0.670%
67	Sbl Holdings Inc Sr Unsecured 144a Var	-	0.670%
68	Duke Energy Corp Jr Subordina 09/54 Var	DUK V6.45 09/01/54	0.640%
69	Umb Financial Corp	UMBF	0.640%
70	Athene (Ath) / Apollo Global Management (Apo)	APO	0.640%
71	Aercap Ireland Capital Dac / Aercap Global Aviation Trust Var.Rt. Corp. Bonds	AER V6.95 03/10/55	0.620%
72	Dime Community Bancshares Inc	DCOMP.P	0.620%
73	Mission Lane Credit Card Master Trust, Series 2024-A, Class A1, 6.20% 8/15/2029	-	0.600%
74	Capital One Ficial Corporation 3.95% 12/31/2099	COF V3.95 PERP M	0.580%
75	ConnectOne Bancorp Inc	CNOBP.P	0.580%
76	Energy Transfer	ET	0.580%
77	Barclays PLC 4.375%	BACR V4.375 PERP	0.570%
78	Bank Of Nova Scotia/The 8 01-27-2084	BNS V8 01/27/84	0.560%
79	Bank Of Nova Scotia Jr Subordina 10/82 Var	BNS V8.625 10/27/82	0.550%
80	General Motors Financial Co In Jr Subordina 12/99 Var	GM V6.5 PERP B	0.540%
81	PartnerRe Ltd.	PRE.J:BM	0.540%
82	Citizens Financial Group 12/99 1	CFG V6.375 PERP C	0.520%
83	Nextera Energy Ca V/R 06/15/54	NEE V6.75 06/15/54	0.520%
84	Sce Trust Vii	SCE.PRM	0.520%
85	State Street Corp Jr Subordina 12/99 Var 6.7	STT V6.7 PERP I	0.520%
86	Cnp 3.6 11/01/21	-	0.510%
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	Aes Corp/The 7.6% 15Jan2055	AES V7.6 01/15/55	0.500%
90	Bell Telephone Company (Nc10.5) 7 09/15/2055	BCECN V7 09/15/55	0.490%
91	F&G Annuities & Life Inc	FG	0.490%
92	Sce Trust V	SCE.PK	0.490%
93	Societe Generale Jr Subordina 144A 12/99 Var	-	0.490%
94	Global Atlantic Finance Co.	GBLATL 7.95 06/15/33	0.480%
95	PNC FINANCIAL SERVICES REGD V/R 4.62600000	PNC V4.626 06/06/33	0.480%
96	Vodafone Group Pl V/R 04/04/79	VOD V7 04/04/79	0.480%
97	Royal Bank Of Canada 6.500% Flt 11/24/85	-	0.470%
98	Societe Generale Sa	-	0.470%
99	Bank Of America Corp Jr Subordina 12/99 Var 6.625 07/24/2025	BAC V6.25 PERP	0.460%
100	Liberty Mutual Gr V/R 12/15/51	LIBMUT V4.125 12/15/	0.460%
101	Valley National Bancorp	VLY	0.450%
102	Wells Fargo + Company Jr Subordina 12/99 Var	WFC V3.9 PERP BB	0.450%
103	Wintrust Financial Corp	WTFC	0.440%
104	Axis Capital Holdings Ltd. 4.9 1/15/2040	AXS V4.9 01/15/40	0.420%
105	Canadian Imperial Bank 7.000% Flt 10/28/85	CM V7 10/28/85	0.420%
106	Evergy Inc Subordinated 06/55 Var	EVRG V6.65 06/01/55	0.420%
107	Fifth Third Bancorp	FITB	0.420%
108	UBS Group, 4.875% perp., USD	UBS V4.875 PERP 144A	0.420%
109	Ally Finl Inc 4.7%/Var Perp	ALLY V4.7 PERP C	0.420%
110	Bank Of Nova Scotia Jr Subordina 12/99 Var	-	0.410%
111	Nextera Energy Capital Holdings Inc. 1.875 01/15/2027	NEE 1.875 01/15/27	0.410%
112	Sempra 5.5 08/01/2033	SRE 5.5 08/01/33	0.410%
113	Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000	BANORT V6.625 PERP 1	0.400%
114	Bank Of New York Mellon Corp	BK	0.400%
115	Corebridge Financial Inc Variable Rate, Due 09/15/2054	CRBG V6.375 09/15/54	0.400%
116	Dte Energy Company	DTE	0.400%
117	General Motors Financial Co Inc (Pfd) 5.70% 03/30/2172 Perpetual	GM V5.7 PERP C	0.400%
118	Northwest Natural Holdi Jr Subordina 09/55 Var 7% 09/15/2055	NWN V7 09/15/55	0.400%
119	Voya Financial Inc.	VOYA	0.400%
120	Xcel Energy, Inc	XEL	0.400%
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	American Express Company	AXP V3.55 PERP	0.390%
124	Dominion Energy Inc 4.350000% Maturity: Perpetual Callable 01/15/2027 At 100.0000	D V4.35 PERP C	0.380%
125	Fmc Corp V/R 11/01/55	FMC V8.45 11/01/55	0.380%
126	Ing Groep Nv	INTNED V3.875 PERP	0.380%
127	Rogers Communications, Inc.	RCICN V5.25 03/15/82	0.380%
128	Texas Capital Bancshares Inc	TCBI	0.380%
129	Banco Mercantil Del Norte, S.a.	BANORT V7.5 PERP 144	0.370%
130	South Bow Canadian Infrastructure Holdings Ltd 0.075 03/01/2055	SOBOCN	0.370%
131	Banco Mercantil Del Norte Variable Rate	BANORT	0.360%
132	Credit Agricole Sa 7.13% Sep 23/35	-	0.360%
133	Enstar Finance Ll V/R 01/15/42	ESGR V5.5 01/15/42	0.360%
134	Goldman Sachs Group Inc/The Goldman Sachs Group Inc/The (Pfd) 5.50% 02/10/2173 Perpetual	GS V7.379 PERP Q	0.360%
135	Hsbc Holdings Plc 6 05/22/2027	HSBC V6 PERP *	0.360%
136	Sales Tax Securitization Corp 5.25% 01/01/2043	-	0.360%
137	American National Group Inc	AEL.PRA	0.360%
138	Altagas Ltd V/R 10/15/54	ALACN V7.2 10/15/54	0.350%
139	Cvs Health Corp 7% 10Mar2055	CVS V7 03/10/55	0.350%
140	Canadian Imperial Bank Jr Subordina 01/85 Var	CM V6.95 01/28/85	0.350%
141	M&T Bank Corp 3.500000% Maturity: Perpetual	MTB V3.5 PERP	0.350%
142	Tpg Operating Group Ii Lp	TPGXL	0.350%
143	Adamas Trust, Inc.	ADAML	0.340%
144	Qwest Corp Preferred Stock 06/57 6.75	CTDD	0.340%
145	Sce Trust Viii	EIX 6.95 PERP N	0.340%
146	Spire Inc. 0% 05/31/2056	-	0.340%
147	Stifel Financial Corporation	SF	0.340%
148	Entergy Corp Jr Subordina 06/56 Var 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	American Electric Power Jr Subordina 03/56 Var	-	0.330%
152	Bbva Bancomer Sa V/R 09/13/34	BBVASM V5.875 09/13/	0.320%
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	Aercap Ireland Cap/Globa Company Guar 01/56 Var	AER V6.5 01/31/56	0.310%
156	Bnp Paribas Sa 9.25% Nov 17/27	BNP V9.25 PERP 144A	0.300%
157	Citigroup Inc 3.88% 12/31/2099	C V3.875 PERP X	0.300%
158	Telus Corp V/R 10/15/55	TCN V7 10/15/55	0.300%
159	Ubs Group Ag 144A 4.375000% Maturity: Perpetual	UBS V4.375 PERP 144A	0.300%
160	Corebridge Financial, Inc. 6.88% Dec 01/30	-	0.290%
161	Fortegra Group Inc/The 9.25 11/15/2064	-	0.290%
162	Lincoln National Corp.	LNC	0.290%
163	Lincoln National, 9.25% perp., USD	LNC V9.25 PERP C	0.290%
164	Cobank, Acb 6.25 09/30/2173	COBKAC	0.280%
165	Edison International 5Y Us Ti + 4.698 12/31/2049	EIX V5.375 PERP A	0.280%
166	Western Alliance Bancorp Common Stock Usd 0.0001	WAL	0.280%
167	American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062	AEP V3.875 02/15/62	0.280%
168	Cadence Bancorp Common Stock	CADE	0.270%
169	Bank Of Montreal Jr Subordina 11/84 Var %	BMO V7.3 11/26/84	0.260%
170	Barclays Plc 8 12/71	BACR V8 PERP	0.260%
171	First Horizon Natl Corp 6.5 Pfd	FHN.PE	0.260%
172	Nextera Energy Capital Holding Company Guar 09/54 Var 6.7 2054-09-01	NEE V6.7 09/01/54	0.260%
173	Toronto-Dominion Bank/The	-	0.260%
174	British Telecommunications Plc	BRITEL V4.875 11/23/	0.250%
175	Cms Energy Corp V/R 06/01/55	CMS V6.5 06/01/55	0.250%
176	Exelon Corporation 6.5% Mar 15, 2055	EXC V6.5 03/15/55	0.250%
177	Tpg Re Finance Trust Inc	TRTX	0.250%
178	Universal Insurance Holdings, Inc.	-	0.250%
179	Athene Holding Ltd Pref	ATH 4.875 PERP D	0.240%
180	Perpetual Bonds	-	0.230%
181	Toronto-Dominion Bank Variable Rate, Due 10/31/2082	TD V8.125 10/31/82	0.230%
182	Renaissancere Holdings L /Pfd/	RNR.G	0.230%
183	Corporate Bonds	BNP V4.625 PERP 144A	0.220%
184	Qwest Corp Preferred Stock 09/56 6.5	CTBB	0.220%
185	Standard Chartered Plc	-	0.220%
186	Compeer Financial Aca	AGSTAR V4.875 PERP Q	0.210%
187	Jackson Financial Inc., Pfd.	JXN V8 PERP	0.210%
188	Prudential Financial Inc Mtn 3 Mar 10, 2040	PRU 3 03/10/40 MTN	0.210%
189	Southern Co/the	SO 4.25 07/01/36	0.210%
190	Pnc Financial Services Jr Subordina 12/99 Var	PNC V3.4 PERP T	0.200%
191	Wafd Inc	WAFD	0.200%
192	Wells Fargo & Co., Class A, Series L, Conv. Pfd.	WFC.PRL	0.200%
193	Natwest Group Pl	NWG V4.6 PERP .*.	0.190%
194	Huntington Bancshares Regd V/r /perp/ Ser F 5.62500000	HBAN V5.625 PERP F	0.180%
195	Sce Trust Iv	SCE.PJ	0.180%
196	Morgan Stanley 5.3% 12/31/2049	MS V0 PERP N	0.170%
197	CNO Financial Group Inc	CNO.P	0.160%
198	Natwest Group Plc 1Y Us Ti + 2.55 05/22/2028	NWG V3.073 05/22/28	0.160%
199	Citigroup, Inc. Pref	C V4 PERP W	0.150%
200	Everest Reinsurance Holdings Inc	-	0.150%
201	Wells Fargo + Co New 4.25 Pfd	WFC.D	0.150%
202	General Motors Financial Co Inc	GM	0.140%
203	Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual	LLAKES 7.25 PERP 144	0.140%
204	Stifel Financial Corp Preferred Stock	SF.D	0.140%
205	Carlyle Finance LLC	CGABL	0.130%
206	Arch Capital Group Ltd 5.45%	ACGLO	0.120%
207	Capital One Financial Corporation Depositary Shs Repr 1/40Th 5% Non-Cum Red Perp Pfd Registered Shs	COF.PR.I	0.120%
208	Arbor Rlty Tr Inc 6.375 Cum Pfd	ABR.PD	0.110%
209	Fulton Financial Corp	FULTP.P	0.110%
210	Vistra Corp Regd V/R /Perp/ 144A P/P 7.00000000	VST V7 PERP 144A	0.100%
211	Societe Generale 6.75% Perp.	-	0.060%
212	Annaly Capital Mgmt Ser F	NLY.F	0.060%
213	Assurant, Inc.	AIZN	0.030%