FPEI ETF

$19.24

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AUM$1.9B

TER0.85%

Holdings176

FPEI ETF

$19.24

First Trust Institutional Preferred Securities and Income ETF

AUM$1.9B

TER0.85%

Holdings176

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Showing top 20 of 176 holdings— Unlock all holdings(as of Jan 31, 2026)

#	Ticker ↕	Name ↕	Weight ↓	Shares ↕	Mkt Value ↕	Share Chg	Sector	Industry
1	BAC V6.625 PERP	Bank Of America Corp. 5Y Us Ti + 2.684 12/31/9999	3.02%	54,821,000	$57.18M	••••••	••••••••	••••••••
2	-	Credit Agricole Sa 7.125% Flt Perp Sr:144A	1.85%	33,354,000	$35.01M	••••••	••••••••	••••••••
3	ENBCN V8.5 01/15/84	Enbridge Inc 8.5% 01/15/2084	1.76%	29,131,000	$33.36M	••••••	••••••••	••••••••
4	-	Ing Groep Nv 7.000% Flt Perp Sr:.	1.76%	31,775,000	$33.27M	••••••	••••••••	••••••••
5	-	US Dollar	1.76%	33,359,554	$33.36M	••••••	••••••••	••••••••
6	TD V8.125 10/31/82	Toronto-Dominion Bank Variable Rate, Due 10/31/2082	1.73%	31,080,000	$32.72M	••••••	••••••••	••••••••
7	BBVASM V7.75 PERP	Banco Bilbao Vizcaya Argentaria Sa 7.75 12/31/2079	1.72%	30,200,000	$32.59M	••••••	••••••••	••••••••
8	-	Citigroup Inc 05/15/2174	1.68%	31,236,000	$31.83M	••••••	••••••••	••••••••
9	SCHW V4 PERP H	Schwab Charles Corp 4/Var Perp	1.50%	30,150,000	$28.47M	••••••	••••••••	••••••••
10	BMO V7.7 05/26/84	Bank Of Montreal (Callable) 7.70% May 26, 2084	1.46%	25,956,000	$27.67M	••••••	••••••••	••••••••
11	-	Eushi Finance Inc Company Guar 04/56 Var	1.38%	26,000,000	$26.15M	••••••	••••••••	••••••••
12	SANTAN V9.625 PERP _	Banco Santander, S.A. 9.625 02-21-2172	1.35%	21,200,000	$25.57M	••••••	••••••••	••••••••
13	BNP V8.5 PERP 144A	Bnp Paribas Sa 8.5 2028/08/14	1.33%	23,450,000	$25.18M	••••••	••••••••	••••••••
14	-	Commerzbank Ag Variable Rate	1.31%	23,400,000	$24.79M	••••••	••••••••	••••••••
15	HSBC V6.95 PERP	Hsbc Holdings Plc 5Y Us Ti + 3.191	1.29%	23,150,000	$24.40M	••••••	••••••••	••••••••
16	CM V7 10/28/85	Canadian Imperial Bank 7.000% Flt 10/28/85	1.28%	23,300,000	$24.17M	••••••	••••••••	••••••••
17	WFC V6.85 PERP	Wells Fargo & Co.,6.85 09/15/2029	1.26%	22,645,000	$23.80M	••••••	••••••••	••••••••
18	JPM V6.875 PERP NN	Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099	1.24%	22,200,000	$23.53M	••••••	••••••••	••••••••
19	AXP V3.55 PERP	American Express Company	1.23%	23,435,000	$23.23M	••••••	••••••••	••••••••
20	BCECN V7 09/15/55	Bell Canada V/R 09/15/55	1.18%	21,286,000	$22.43M	••••••	••••••••	••••••••

156+ more holdings available

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FPEI ETF All Holdings

FPEI holdings total 176 positions. The top 10 holdings account for 18.2% of the fund, led by Bank Of America Corp. 5Y Us Ti + 2.684 12/31/9999 at 3.0%, Credit Agricole Sa 7.125% Flt Perp Sr:144A at 1.9%, Enbridge Inc 8.5% 01/15/2084 at 1.8%.

FPEI portfolio concentration is well-diversified, with the top 10 representing 18.2% of total assets. The largest sector exposure is Financials at 61.1%.

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

FPEI ETF Holdings

171 of 176 holdings

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1
Bank Of America Corp. 5Y Us Ti + 2.684 12/31/9999
BAC V6.625 PERPFinancials
3.02%
2
Credit Agricole Sa 7.125% Flt Perp Sr:144A
Other
1.85%
3
Enbridge Inc 8.5% 01/15/2084
ENBCN V8.5 01/15/84Energy
1.76%
4
Ing Groep Nv 7.000% Flt Perp Sr:.
Other
1.76%
5
US Dollar
Other
1.76%
6
Toronto-Dominion Bank Variable Rate, Due 10/31/2082
TD V8.125 10/31/82Financials
1.73%
7
Banco Bilbao Vizcaya Argentaria Sa 7.75 12/31/2079
BBVASM V7.75 PERPFinancials
1.72%
8
Citigroup Inc 05/15/2174
Other
1.68%
9
Schwab Charles Corp 4/Var Perp
SCHW V4 PERP HFinancials
1.50%
10
Bank Of Montreal (Callable) 7.70% May 26, 2084
BMO V7.7 05/26/84Financials
1.46%
11
Eushi Finance Inc Company Guar 04/56 Var
Other
1.38%
12
Banco Santander, S.A. 9.625 02-21-2172
SANTAN V9.625 PERP _Financials
1.35%
13
Bnp Paribas Sa 8.5 2028/08/14
BNP V8.5 PERP 144AFinancials
1.33%
14
Commerzbank Ag Variable Rate
Other
1.31%
15
Hsbc Holdings Plc 5Y Us Ti + 3.191
HSBC V6.95 PERPFinancials
1.29%
16
Canadian Imperial Bank 7.000% Flt 10/28/85
CM V7 10/28/85Financials
1.28%
17
Wells Fargo & Co.,6.85 09/15/2029
WFC V6.85 PERPFinancials
1.26%
18
Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099
JPM V6.875 PERP NNFinancials
1.24%
19
American Express Company
AXP V3.55 PERPFinancials
1.23%
20
Bell Canada V/R 09/15/55
BCECN V7 09/15/55Communication Services
1.18%
21
Wells Fargo & Co., Class A, Series L, Conv. Pfd.
WFC.PRLFinancials
1.15%
22
Hartford Financial Services Group Inc/the
HIG F 02/12/47 ICONFinancials
1.14%
23
Barclays Plc 8 12/71
BACR V8 PERPFinancials
1.13%
24
Bank Of Nova Scotia Jr Subordina 10/82 Var
BNS V8.625 10/27/82Financials
1.09%
25
Hsbc Holdings Plc 8 Perp
HSBC V8 PERPFinancials
1.09%
26
Lloyds Banking Group Plc 8.0000% Mat 06/27/2172
LLOYDS V8 PERPFinancials
1.08%
27
Societe Generale Regd V/R /Perp/ 144A P/P 10.00000000
SOCGEN V10 PERP 144AFinancials
1.08%
28
American Electric Power Jr Subordina 03/56 Var
Other
1.07%
29
Goldman Sachs Group Inc (The) 7.5%/Var Perp
GS V7.5 PERP XFinancials
1.01%
30
Aes Corporation (The) 6.95% Jul 15, 2055
AES V6.95 07/15/55Utilities
0.99%
31
Sempra 6.4% 01Oct2054
SRE V6.4 10/01/54Utilities
0.98%
32
American Electric Power Company, Inc.,6.95 12/15/2054
AEP V6.95 12/15/54Utilities
0.97%
33
Societe Generale Sa
SOCGEN V9.375 PERP 1Financials
0.97%
34
Huntington Bancshares Inc. 6.25% Oct 15/30
Other
0.95%
35
Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31
AAGACA V5.25 PERP QIFinancials
0.94%
36
Banco Santander Sa 0.08% Dec 31/99
SANTAN V8 PERPFinancials
0.94%
37
Credit Agricole Sa 6.7% 09-23-2034
ACAFP V6.7 PERP 144AFinancials
0.92%
38
Dominion Energy Inc Regd V/R Ser B 7.00000000
D V7 06/01/54 BUtilities
0.91%
39
Corporate Bonds
BNP V4.625 PERP 144AFinancials
0.89%
40
ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR
RY V6.75 08/24/85Financials
0.85%
41
Bank Of Nova Scotia/The 8 01-27-2084
BNS V8 01/27/84Financials
0.83%
42
Barclays Plc 7.625% Flt Perp
BACR V7.625 PERPFinancials
0.82%
43
Global Atlantic Fin Co Company Guar 144A 03/56 Var
Other
0.82%
44
Nordea Ba Vrn 12/31/2199
Other
0.82%
45
Banco Bilbao Vizcaya Argentaria S.A., 9.375%
BBVASM V9.375 PERPFinancials
0.81%
46
Bank Nova Scoti 7.35 4/85
BNS V7.35 04/27/85Financials
0.78%
47
Natwest Group Plcperpetual Bonds
NWG V8.125 PERPFinancials
0.78%
48
The Toronto-Dominion Bank 6.35% Oct 31/85
Other
0.78%
49
Metlife Inc Subordinated 03/55 Var
MET V6.35 03/15/55 GFinancials
0.77%
50
Centerpoint Energy Inc Jr Subordina 02/55 Var %
CNP V6.85 02/15/55 BUtilities
0.76%
51
Deutsche Bank Ag Variable Rate
DBK:SGUnknown
0.74%
52
Bank Of Montreal Jr Subordina 11/84 Var %
BMO V7.3 11/26/84Financials
0.71%
53
State Street Corp Jr Subordina 12/99 Var
STT V6.7 PERP JFinancials
0.70%
54
Enbridge Inc 7.63 01/15/2083
ENBCN V7.625 01/15/8Energy
0.69%
55
Royal Bank Of Canada Jr Subordina 11/84 Var
RY V6.35 11/24/84Financials
0.68%
56
Telus Corp V/R 10/15/55
TCN V7 10/15/55Communication Services
0.68%
57
Corebridge Financial Inc 6.375 2054-09-15
CRBG V6.375 09/15/54Financials
0.67%
58
Pnc Financial Servi V/R /Perp/
PNC V6.2 PERP VFinancials
0.67%
59
Cnp Assurances V/R /Perp/ 4.875 12/31/2500
Other
0.67%
60
Wells Fargo + Company Jr Subordina 12/99 Var
WFC V7.625 PERPFinancials
0.66%
61
Citizens Financial Group Jr Subordina 12/99 Var
CFG V4 PERP GFinancials
0.66%
62
SPIRE INC Variable rate, due 06/01/2056
Other
0.66%
63
Dominion Energy Inc Jr Subordina 05/55 Var
D V6.625 05/15/55Utilities
0.63%
64
Air Lease Vrn 12/31/99
AL V6 PERP DIndustrials
0.61%
65
Duke Energy Corp Jr Subordina 09/54 Var
DUK V6.45 09/01/54Utilities
0.61%
66
Nextera Energy Ca V/R 06/15/54
NEE V6.75 06/15/54Utilities
0.61%
67
Mitsubishi Ufj Fin Grp Variable Rate
Other
0.60%
68
Dominion Energy Inc Jr Subordina 02/56 Var 6.2 2056-02-15
D V6.2 02/15/56Utilities
0.59%
69
The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099
PNC V6 PERP UFinancials
0.59%
70
Rogers Communications In Regd V/R 7.12500000 7.125 04/15/2055
RCICN V7.125 04/15/5Communication Services
0.59%
71
Entergy Corp V/R 12/01/54
ETR V7.125 12/01/54Utilities
0.56%
72
Banco Mercantil Del Norte, S.a.
BANORT V7.5 PERP 144Financials
0.55%
73
Global Atlantic Fin Co 7.95% 15Oct2054
GBLATL V7.95 10/15/5Financials
0.55%
74
Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual
LLAKES 7.25 PERP 144Consumer Staples
0.55%
75
Meiji Yasuda Life Insura 6.100% Flt 06/11/55 Sr:144A
MYLIFE V6.1 06/11/55Financials
0.55%
76
Bnp Paribas Sa
BNP V7.75 PERP 144AFinancials
0.54%
77
State Street Corp Jr Subordina 12/99 Var 6.7
STT V6.7 PERP IFinancials
0.54%
78
Royal Bank Of Canada 6.500% Flt 11/24/85
Other
0.54%
79
Telus Corp V/R 06/09/56 2056-06-09
Other
0.53%
80
Athene Holding Ltd Jr Subordina 06/55 Var
ATH V6.875 06/28/55Financials
0.52%
81
Jpmorgan Chase And Co 3.65
JPM V3.65 PERP KKFinancials
0.52%
82
Ing Groep Nv Variable Rate
Financials
0.51%
83
Goldman Sachs Group, Inc. (The), Series W
GS V7.5 PERP WFinancials
0.49%
84
Land O'Lakes Inc 8% /perp
LLAKES 8 PERP 144AConsumer Staples
0.48%
85
Citigroup Inc Jr Subordina 12/99 Var 6.875 07/23/2025 6.875 2025-07-23
C V6.875 PERP GGFinancials
0.47%
86
Hsbc Holdings Plc Jr Subordina 12/99 Var 1 12/31/2099
HSBC V7.05 PERPFinancials
0.47%
87
Pnc Financial Services Group, Inc. 6.2506/15/2023
PNC V6.25 PERP WFinancials
0.47%
88
First Citizens Bancshares 8.27142 03/15/2174 8.27142 2174-03-15
Other
0.47%
89
Land O' Lakes Inc
LLAKES 7 PERP 144AConsumer Staples
0.46%
90
Nomura Holdings Inc 7 Dec 31, 2079
NOMURA V7 PERPFinancials
0.46%
91
Southern Co 6.375 3/15/2055 6.38 2055-03-15
SO V6.375 03/15/55 2Utilities
0.46%
92
Swedbank Ab
SWED.A:STUnknown
0.45%
93
Ares Fice Co. Iii Llc 4.125% 6/30/2051
ARES V4.125 06/30/51Financials
0.44%
94
Eushi Finance Inc Company Guar 12/54 Var
EMACN V7.625 12/15/5Financials
0.44%
95
Goldman Sachs Group Inc Jr Subordina 12/99 Var
GS V6.125 PERP YFinancials
0.44%
96
Nisource Inc Variable Rate, Due 03/31/2055
NI V6.375 03/31/55Utilities
0.44%
97
Bbvasm V8.45 06/29/38 144A
BBVASM V8.45 06/29/3Financials
0.43%
98
Banco Santander Sa
SANTAN V9.625 PERP *Financials
0.41%
99
Bnp Paribas 8.000000% Maturity: Perpetual 8 2172-08-22
BNP V8 PERP 144AFinancials
0.40%
100
Barclays Plc 9.625%
BACR V9.625 PERPFinancials
0.40%
101
Metlife Capital Trust Iv
MET 7.875 12/15/37Financials
0.38%
102
Liberty Mutual Gr V/R 12/15/51
LIBMUT V4.125 12/15/Financials
0.37%
103
Allianz Se 6.550% Flt Perp Sr:144A
Other
0.37%
104
Entergy Corp Variable Rate, Due 06/15/2056
Other
0.37%
105
Citigroup Inc 6.95 5/73
C V6.95 PERP FFFinancials
0.36%
106
Lancashire Holdings Limited 2041-09-18
Other
0.36%
107
Sumitomo Mitsui Finl Grp Regd V/R /Perp/ 6.60000000
SUMIBK V6.6 PERPFinancials
0.34%
108
Credit Suisse Group Ag Jr Subordina 144A 9.75 12/31/2099
CS 9.75 PERP 144AFinancials
0.33%
109
Bank Of N Vrn 10/27/85
Other
0.33%
110
Altagas Ltd V/R 10/15/54
ALACN V7.2 10/15/54 Utilities
0.32%
111
Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000
ET V7.125 PERP GEnergy
0.32%
112
Canadian Imperial Bank Jr Subordina 01/85 Var
CM V6.95 01/28/85Financials
0.31%
113
Intned V7.25 Perp 7.25% 12-31-2099
Other
0.31%
114
Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099
BAC V6.125 PERP TTFinancials
0.29%
115
Corebridg Vrn 12/31/99 2099-12-31
Other
0.29%
116
Citigroup Inc. 7%
C V7 PERP DDFinancials
0.28%
117
Natwest Group Plc 5.125 05/12/2027
Other
0.28%
118
American National Group Inc 7% Dec 01, 2055
ANGINC V7 12/01/55Financials
0.27%
119
Hsbc Holdings Plc 5Y Us Ti + 3.298 12/31/9999
HSBC V6.875 PERP ***Financials
0.25%
120
Banco Mercantil Del Norte (Nc10.5) 144A 8.75% Dec 31, 2079
BANORT V8.75 PERP 14Financials
0.24%
121
Nextera Energy Capital (Nc10.25) 6.5% Aug 15, 2055
NEE V6.5 08/15/55 .Utilities
0.24%
122
Compeer Financial Aca Compeer Financial Aca 0 1900-01-00
Other
0.24%
123
Assurant Inc 7% 03/27/2048
AIZ V7 03/27/48Financials
0.23%
124
Goldman Sachs Group Inc/The 6.85% Dec 31, 2079
GS V6.85 PERPFinancials
0.23%
125
Liberty Mutual Group Inc. 4.30 02/01/2061
LIBMUT 4.3 02/01/61 Financials
0.23%
126
Lincoln National, 9.25% perp., USD
LNC V9.25 PERP CFinancials
0.23%
127
Nippon Life Insurance 6.500% Flt 04/30/55 Sr:144A
NIPLIF V6.5 04/30/55Financials
0.23%
128
Prudential Financial Inc 6% 01Sep2052
PRU V6 09/01/52Financials
0.23%
129
Capital Farm Credit Aca Regd V/R /Perp/ 144A P/P Ser 1 5.00000000
CFCFCS V5 PERP 1Financials
0.22%
130
Citigroup Inc 7.2 2072-08-15
C V7.2 PERP BBFinancials
0.22%
131
Barclays PLC 4.375%
BACR V4.375 PERPFinancials
0.21%
132
Transcanada Trust Company Guar 03/82 Var
TRPCN V5.6 03/07/82Financials
0.21%
133
Axis Specialty Finance Llc
AXS V4.9 01/15/40Financials
0.20%
134
Banco Mercantil Del Norte Variable Rate
BANORTFinancials
0.19%
135
Banco Mercantil De Norte Jr Subordina 144A Var 12/99 8.37
BANORT V8.375 PERP 1Financials
0.19%
136
Bbva Mexico Sa Institucion De Banc 7.625 02/11/2035
BBVASM V7.625 02/11/Financials
0.19%
137
Sempra V/R 10/01/54
SRE V6.875 10/01/54Utilities
0.19%
138
Metlife Inc Jr Subordina 144a 04/38 9.25
MET 9.25 04/08/38Financials
0.18%
139
Telus Corp 6.63% 15Oct2055
TCN V6.625 10/15/55 Communication Services
0.18%
140
American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062
AEP V3.875 02/15/62Utilities
0.17%
141
Banco De Credito E Inversiones 8.75%/Var 12/31/2199 144A
BCICI V8.75 PERP 144Financials
0.17%
142
Citigroup Inc
C V4.15 PERP YFinancials
0.16%
143
Cobank Acb Regd V/R /Perp/ 7.25000000 07/01/2172
CKNQPFinancials
0.16%
144
Goldman Sachs Group Inc/The
GS V3.8 PERP TFinancials
0.15%
145
Credit Suisse Group Ag
CS 6.375 PERP 144AFinancials
0.14%
146
Lloyds Banking Group Plc 6.63 12/31/2079
Other
0.14%
147
Bnp Paribas Sa 7.375 2034-09-10
BNP V7.375 PERP 144AFinancials
0.13%
148
Kuvare Us Holdings Inc
KUVARE V7 02/17/51 1Financials
0.13%
149
Land O'Lakes Capital Trust I 7.45% 03/15/2028
LLAKES 7.45 03/15/28Consumer Staples
0.12%
150
Algonquin Pwr & Utility Regd V/R 4.75000000 01-18-2082
AQNCN V4.75 01/18/82Utilities
0.11%
151
Credit Suisse Group Ag 5.25% 12/31/2099
CS 5.25 PERP 144AFinancials
0.11%
152
Farm Credit Bk Of Texas Jr Subordina 12/99 Var
FARMCB V7 PERP 6Financials
0.11%
153
Assured Guaranty Municipal Holdings Inc
AGO V6.4 12/15/66 14Financials
0.11%
154
Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000
BANORT V6.625 PERP 1Financials
0.10%
155
Credit Suisse Group Ag Regd V/r /perp/ 144a P/p 7.50000000
CS 7.5 PERP 144aFinancials
0.08%
156
Farm Credit Bk Of Texas Regd V/R /Perp/ 7.75000000
FARMCB V7.75 PERPFinancials
0.08%
157
Assured Guaranty Municipal Holdings Inc 6.4 12/15/2036
Other
0.08%
158
Bnp Paribas Sa 9.25% Nov 17/27
BNP V9.25 PERP 144AFinancials
0.06%
159
Bank Of Montreal Jr Subordina 11/85 Var
BMO V6.875 11/26/85 Financials
0.06%
160
Dairy Farmers Of America Inc
DFAINC 7.125 PERPConsumer Staples
0.06%
161
Banc Credito Invers V/R /Perp 8.75%
BCICI V8.75 PERP REGFinancials
0.05%
162
Bbva Bancomer Sa V/R 09/13/34
BBVASM V5.875 09/13/Financials
0.04%
163
Cobank Acb 6.45% 12/31/2049
COBKAC V6.45 PERP KFinancials
0.04%
164
Credit Suisse Group Ag, Floating Rate, Perpetual
CS 6.25 PERP 144AFinancials
0.04%
165
Farm Credit Bank of Texas
FCTX.ZFinancials
0.04%
166
Morgan Stanley 5.88% 12/31/2049
MS V5.875 PERP MFinancials
0.04%
167
Jpmorgan Chase Bank, 6.125% Perp., USD
VOYA V7.758 PERP AFinancials
0.04%
168
Compeer Financial Aca
AGSTAR V4.875 PERP QFinancials
0.03%
169
Land O'Lakes Inc /Pfd
Other
0.02%
170
Dominion Energy Inc 6.88% 01Feb2055
D V6.875 02/01/55 AUtilities
0.01%
171
205702987.Srdlc
Other
0.00%

#	Company	Ticker	Weight
1	Bank Of America Corp. 5Y Us Ti + 2.684 12/31/9999	BAC V6.625 PERP	3.020%
2	Credit Agricole Sa 7.125% Flt Perp Sr:144A	-	1.850%
3	Enbridge Inc 8.5% 01/15/2084	ENBCN V8.5 01/15/84	1.760%
4	Ing Groep Nv 7.000% Flt Perp Sr:.	-	1.760%
5	US Dollar	-	1.760%
6	Toronto-Dominion Bank Variable Rate, Due 10/31/2082	TD V8.125 10/31/82	1.730%
7	Banco Bilbao Vizcaya Argentaria Sa 7.75 12/31/2079	BBVASM V7.75 PERP	1.720%
8	Citigroup Inc 05/15/2174	-	1.680%
9	Schwab Charles Corp 4/Var Perp	SCHW V4 PERP H	1.500%
10	Bank Of Montreal (Callable) 7.70% May 26, 2084	BMO V7.7 05/26/84	1.460%
11	Eushi Finance Inc Company Guar 04/56 Var	-	1.380%
12	Banco Santander, S.A. 9.625 02-21-2172	SANTAN V9.625 PERP _	1.350%
13	Bnp Paribas Sa 8.5 2028/08/14	BNP V8.5 PERP 144A	1.330%
14	Commerzbank Ag Variable Rate	-	1.310%
15	Hsbc Holdings Plc 5Y Us Ti + 3.191	HSBC V6.95 PERP	1.290%
16	Canadian Imperial Bank 7.000% Flt 10/28/85	CM V7 10/28/85	1.280%
17	Wells Fargo & Co.,6.85 09/15/2029	WFC V6.85 PERP	1.260%
18	Jpmorgan Chase + Co Jr Subordina 12/99 Var12/31/2099	JPM V6.875 PERP NN	1.240%
19	American Express Company	AXP V3.55 PERP	1.230%
20	Bell Canada V/R 09/15/55	BCECN V7 09/15/55	1.180%
21	Wells Fargo & Co., Class A, Series L, Conv. Pfd.	WFC.PRL	1.150%
22	Hartford Financial Services Group Inc/the	HIG F 02/12/47 ICON	1.140%
23	Barclays Plc 8 12/71	BACR V8 PERP	1.130%
24	Bank Of Nova Scotia Jr Subordina 10/82 Var	BNS V8.625 10/27/82	1.090%
25	Hsbc Holdings Plc 8 Perp	HSBC V8 PERP	1.090%
26	Lloyds Banking Group Plc 8.0000% Mat 06/27/2172	LLOYDS V8 PERP	1.080%
27	Societe Generale Regd V/R /Perp/ 144A P/P 10.00000000	SOCGEN V10 PERP 144A	1.080%
28	American Electric Power Jr Subordina 03/56 Var	-	1.070%
29	Goldman Sachs Group Inc (The) 7.5%/Var Perp	GS V7.5 PERP X	1.010%
30	Aes Corporation (The) 6.95% Jul 15, 2055	AES V6.95 07/15/55	0.990%
31	Sempra 6.4% 01Oct2054	SRE V6.4 10/01/54	0.980%
32	American Electric Power Company, Inc.,6.95 12/15/2054	AEP V6.95 12/15/54	0.970%
33	Societe Generale Sa	SOCGEN V9.375 PERP 1	0.970%
34	Huntington Bancshares Inc. 6.25% Oct 15/30	-	0.950%
35	Amer Agcredit Aca Jr Subordina 144A Var 5.25% 2099-12-31	AAGACA V5.25 PERP QI	0.940%
36	Banco Santander Sa 0.08% Dec 31/99	SANTAN V8 PERP	0.940%
37	Credit Agricole Sa 6.7% 09-23-2034	ACAFP V6.7 PERP 144A	0.920%
38	Dominion Energy Inc Regd V/R Ser B 7.00000000	D V7 06/01/54 B	0.910%
39	Corporate Bonds	BNP V4.625 PERP 144A	0.890%
40	ROYAL BANK OF CANADA JR SUBORDINA 08/85 VAR	RY V6.75 08/24/85	0.850%
41	Bank Of Nova Scotia/The 8 01-27-2084	BNS V8 01/27/84	0.830%
42	Barclays Plc 7.625% Flt Perp	BACR V7.625 PERP	0.820%
43	Global Atlantic Fin Co Company Guar 144A 03/56 Var	-	0.820%
44	Nordea Ba Vrn 12/31/2199	-	0.820%
45	Banco Bilbao Vizcaya Argentaria S.A., 9.375%	BBVASM V9.375 PERP	0.810%
46	Bank Nova Scoti 7.35 4/85	BNS V7.35 04/27/85	0.780%
47	Natwest Group Plcperpetual Bonds	NWG V8.125 PERP	0.780%
48	The Toronto-Dominion Bank 6.35% Oct 31/85	-	0.780%
49	Metlife Inc Subordinated 03/55 Var	MET V6.35 03/15/55 G	0.770%
50	Centerpoint Energy Inc Jr Subordina 02/55 Var %	CNP V6.85 02/15/55 B	0.760%
51	Deutsche Bank Ag Variable Rate	DBK:SG	0.740%
52	Bank Of Montreal Jr Subordina 11/84 Var %	BMO V7.3 11/26/84	0.710%
53	State Street Corp Jr Subordina 12/99 Var	STT V6.7 PERP J	0.700%
54	Enbridge Inc 7.63 01/15/2083	ENBCN V7.625 01/15/8	0.690%
55	Royal Bank Of Canada Jr Subordina 11/84 Var	RY V6.35 11/24/84	0.680%
56	Telus Corp V/R 10/15/55	TCN V7 10/15/55	0.680%
57	Corebridge Financial Inc 6.375 2054-09-15	CRBG V6.375 09/15/54	0.670%
58	Pnc Financial Servi V/R /Perp/	PNC V6.2 PERP V	0.670%
59	Cnp Assurances V/R /Perp/ 4.875 12/31/2500	-	0.670%
60	Wells Fargo + Company Jr Subordina 12/99 Var	WFC V7.625 PERP	0.660%
61	Citizens Financial Group Jr Subordina 12/99 Var	CFG V4 PERP G	0.660%
62	SPIRE INC Variable rate, due 06/01/2056	-	0.660%
63	Dominion Energy Inc Jr Subordina 05/55 Var	D V6.625 05/15/55	0.630%
64	Air Lease Vrn 12/31/99	AL V6 PERP D	0.610%
65	Duke Energy Corp Jr Subordina 09/54 Var	DUK V6.45 09/01/54	0.610%
66	Nextera Energy Ca V/R 06/15/54	NEE V6.75 06/15/54	0.610%
67	Mitsubishi Ufj Fin Grp Variable Rate	-	0.600%
68	Dominion Energy Inc Jr Subordina 02/56 Var 6.2 2056-02-15	D V6.2 02/15/56	0.590%
69	The Pnc Financial Services Group, Inc. 6.00% Dec 31/99 6% 12/31/2099	PNC V6 PERP U	0.590%
70	Rogers Communications In Regd V/R 7.12500000 7.125 04/15/2055	RCICN V7.125 04/15/5	0.590%
71	Entergy Corp V/R 12/01/54	ETR V7.125 12/01/54	0.560%
72	Banco Mercantil Del Norte, S.a.	BANORT V7.5 PERP 144	0.550%
73	Global Atlantic Fin Co 7.95% 15Oct2054	GBLATL V7.95 10/15/5	0.550%
74	Land O' Lakes Inc 144a 7.250000% Maturity: Perpetual	LLAKES 7.25 PERP 144	0.550%
75	Meiji Yasuda Life Insura 6.100% Flt 06/11/55 Sr:144A	MYLIFE V6.1 06/11/55	0.550%
76	Bnp Paribas Sa	BNP V7.75 PERP 144A	0.540%
77	State Street Corp Jr Subordina 12/99 Var 6.7	STT V6.7 PERP I	0.540%
78	Royal Bank Of Canada 6.500% Flt 11/24/85	-	0.540%
79	Telus Corp V/R 06/09/56 2056-06-09	-	0.530%
80	Athene Holding Ltd Jr Subordina 06/55 Var	ATH V6.875 06/28/55	0.520%
81	Jpmorgan Chase And Co 3.65	JPM V3.65 PERP KK	0.520%
82	Ing Groep Nv Variable Rate	-	0.510%
83	Goldman Sachs Group, Inc. (The), Series W	GS V7.5 PERP W	0.490%
84	Land O'Lakes Inc 8% /perp	LLAKES 8 PERP 144A	0.480%
85	Citigroup Inc Jr Subordina 12/99 Var 6.875 07/23/2025 6.875 2025-07-23	C V6.875 PERP GG	0.470%
86	Hsbc Holdings Plc Jr Subordina 12/99 Var 1 12/31/2099	HSBC V7.05 PERP	0.470%
87	Pnc Financial Services Group, Inc. 6.2506/15/2023	PNC V6.25 PERP W	0.470%
88	First Citizens Bancshares 8.27142 03/15/2174 8.27142 2174-03-15	-	0.470%
89	Land O' Lakes Inc	LLAKES 7 PERP 144A	0.460%
90	Nomura Holdings Inc 7 Dec 31, 2079	NOMURA V7 PERP	0.460%
91	Southern Co 6.375 3/15/2055 6.38 2055-03-15	SO V6.375 03/15/55 2	0.460%
92	Swedbank Ab	SWED.A:ST	0.450%
93	Ares Fice Co. Iii Llc 4.125% 6/30/2051	ARES V4.125 06/30/51	0.440%
94	Eushi Finance Inc Company Guar 12/54 Var	EMACN V7.625 12/15/5	0.440%
95	Goldman Sachs Group Inc Jr Subordina 12/99 Var	GS V6.125 PERP Y	0.440%
96	Nisource Inc Variable Rate, Due 03/31/2055	NI V6.375 03/31/55	0.440%
97	Bbvasm V8.45 06/29/38 144A	BBVASM V8.45 06/29/3	0.430%
98	Banco Santander Sa	SANTAN V9.625 PERP *	0.410%
99	Bnp Paribas 8.000000% Maturity: Perpetual 8 2172-08-22	BNP V8 PERP 144A	0.400%
100	Barclays Plc 9.625%	BACR V9.625 PERP	0.400%
101	Metlife Capital Trust Iv	MET 7.875 12/15/37	0.380%
102	Liberty Mutual Gr V/R 12/15/51	LIBMUT V4.125 12/15/	0.370%
103	Allianz Se 6.550% Flt Perp Sr:144A	-	0.370%
104	Entergy Corp Variable Rate, Due 06/15/2056	-	0.370%
105	Citigroup Inc 6.95 5/73	C V6.95 PERP FF	0.360%
106	Lancashire Holdings Limited 2041-09-18	-	0.360%
107	Sumitomo Mitsui Finl Grp Regd V/R /Perp/ 6.60000000	SUMIBK V6.6 PERP	0.340%
108	Credit Suisse Group Ag Jr Subordina 144A 9.75 12/31/2099	CS 9.75 PERP 144A	0.330%
109	Bank Of N Vrn 10/27/85	-	0.330%
110	Altagas Ltd V/R 10/15/54	ALACN V7.2 10/15/54	0.320%
111	Energy Transfer Lp Regd V/R /Perp/ Ser G 7.12500000	ET V7.125 PERP G	0.320%
112	Canadian Imperial Bank Jr Subordina 01/85 Var	CM V6.95 01/28/85	0.310%
113	Intned V7.25 Perp 7.25% 12-31-2099	-	0.310%
114	Bank Of America Corporation 6.13% Dec 31/99 6.125% 12/31/2099	BAC V6.125 PERP TT	0.290%
115	Corebridg Vrn 12/31/99 2099-12-31	-	0.290%
116	Citigroup Inc. 7%	C V7 PERP DD	0.280%
117	Natwest Group Plc 5.125 05/12/2027	-	0.280%
118	American National Group Inc 7% Dec 01, 2055	ANGINC V7 12/01/55	0.270%
119	Hsbc Holdings Plc 5Y Us Ti + 3.298 12/31/9999	HSBC V6.875 PERP ***	0.250%
120	Banco Mercantil Del Norte (Nc10.5) 144A 8.75% Dec 31, 2079	BANORT V8.75 PERP 14	0.240%
121	Nextera Energy Capital (Nc10.25) 6.5% Aug 15, 2055	NEE V6.5 08/15/55 .	0.240%
122	Compeer Financial Aca Compeer Financial Aca 0 1900-01-00	-	0.240%
123	Assurant Inc 7% 03/27/2048	AIZ V7 03/27/48	0.230%
124	Goldman Sachs Group Inc/The 6.85% Dec 31, 2079	GS V6.85 PERP	0.230%
125	Liberty Mutual Group Inc. 4.30 02/01/2061	LIBMUT 4.3 02/01/61	0.230%
126	Lincoln National, 9.25% perp., USD	LNC V9.25 PERP C	0.230%
127	Nippon Life Insurance 6.500% Flt 04/30/55 Sr:144A	NIPLIF V6.5 04/30/55	0.230%
128	Prudential Financial Inc 6% 01Sep2052	PRU V6 09/01/52	0.230%
129	Capital Farm Credit Aca Regd V/R /Perp/ 144A P/P Ser 1 5.00000000	CFCFCS V5 PERP 1	0.220%
130	Citigroup Inc 7.2 2072-08-15	C V7.2 PERP BB	0.220%
131	Barclays PLC 4.375%	BACR V4.375 PERP	0.210%
132	Transcanada Trust Company Guar 03/82 Var	TRPCN V5.6 03/07/82	0.210%
133	Axis Specialty Finance Llc	AXS V4.9 01/15/40	0.200%
134	Banco Mercantil Del Norte Variable Rate	BANORT	0.190%
135	Banco Mercantil De Norte Jr Subordina 144A Var 12/99 8.37	BANORT V8.375 PERP 1	0.190%
136	Bbva Mexico Sa Institucion De Banc 7.625 02/11/2035	BBVASM V7.625 02/11/	0.190%
137	Sempra V/R 10/01/54	SRE V6.875 10/01/54	0.190%
138	Metlife Inc Jr Subordina 144a 04/38 9.25	MET 9.25 04/08/38	0.180%
139	Telus Corp 6.63% 15Oct2055	TCN V6.625 10/15/55	0.180%
140	American Electric Power Co. Inc. 5Y Us Ti + 2.675 02/15/2062	AEP V3.875 02/15/62	0.170%
141	Banco De Credito E Inversiones 8.75%/Var 12/31/2199 144A	BCICI V8.75 PERP 144	0.170%
142	Citigroup Inc	C V4.15 PERP Y	0.160%
143	Cobank Acb Regd V/R /Perp/ 7.25000000 07/01/2172	CKNQP	0.160%
144	Goldman Sachs Group Inc/The	GS V3.8 PERP T	0.150%
145	Credit Suisse Group Ag	CS 6.375 PERP 144A	0.140%
146	Lloyds Banking Group Plc 6.63 12/31/2079	-	0.140%
147	Bnp Paribas Sa 7.375 2034-09-10	BNP V7.375 PERP 144A	0.130%
148	Kuvare Us Holdings Inc	KUVARE V7 02/17/51 1	0.130%
149	Land O'Lakes Capital Trust I 7.45% 03/15/2028	LLAKES 7.45 03/15/28	0.120%
150	Algonquin Pwr & Utility Regd V/R 4.75000000 01-18-2082	AQNCN V4.75 01/18/82	0.110%
151	Credit Suisse Group Ag 5.25% 12/31/2099	CS 5.25 PERP 144A	0.110%
152	Farm Credit Bk Of Texas Jr Subordina 12/99 Var	FARMCB V7 PERP 6	0.110%
153	Assured Guaranty Municipal Holdings Inc	AGO V6.4 12/15/66 14	0.110%
154	Banco Mercantil De Norte Regd V/R /Perp/ 144A P/P 6.62500000	BANORT V6.625 PERP 1	0.100%
155	Credit Suisse Group Ag Regd V/r /perp/ 144a P/p 7.50000000	CS 7.5 PERP 144a	0.080%
156	Farm Credit Bk Of Texas Regd V/R /Perp/ 7.75000000	FARMCB V7.75 PERP	0.080%
157	Assured Guaranty Municipal Holdings Inc 6.4 12/15/2036	-	0.080%
158	Bnp Paribas Sa 9.25% Nov 17/27	BNP V9.25 PERP 144A	0.060%
159	Bank Of Montreal Jr Subordina 11/85 Var	BMO V6.875 11/26/85	0.060%
160	Dairy Farmers Of America Inc	DFAINC 7.125 PERP	0.060%
161	Banc Credito Invers V/R /Perp 8.75%	BCICI V8.75 PERP REG	0.050%
162	Bbva Bancomer Sa V/R 09/13/34	BBVASM V5.875 09/13/	0.040%
163	Cobank Acb 6.45% 12/31/2049	COBKAC V6.45 PERP K	0.040%
164	Credit Suisse Group Ag, Floating Rate, Perpetual	CS 6.25 PERP 144A	0.040%
165	Farm Credit Bank of Texas	FCTX.Z	0.040%
166	Morgan Stanley 5.88% 12/31/2049	MS V5.875 PERP M	0.040%
167	Jpmorgan Chase Bank, 6.125% Perp., USD	VOYA V7.758 PERP A	0.040%
168	Compeer Financial Aca	AGSTAR V4.875 PERP Q	0.030%
169	Land O'Lakes Inc /Pfd	-	0.020%
170	Dominion Energy Inc 6.88% 01Feb2055	D V6.875 02/01/55 A	0.010%
171	205702987.Srdlc	-	0.000%