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      </invstOrSec>
      <invstOrSec>
        <name>RITHM CAPITAL CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp</title>
        <cusip>64828T300</cusip>
        <identifiers>
          <isin value="US64828T3005"/>
          <ticker value="RITM A"/>
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        <balance>465843.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9153814.95000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>WESBANCO INC</name>
        <lei>N/A</lei>
        <title>WesBanco Inc</title>
        <cusip>950810705</cusip>
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          <isin value="US9508107052"/>
          <ticker value="WSBCP"/>
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        <balance>452343.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11362856.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>APTIV PLC</name>
        <lei>N/A</lei>
        <title>Aptiv PLC</title>
        <cusip>000000000</cusip>
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          <isin value="JE00BMHMX696"/>
          <ticker value="APTVPA"/>
          <other otherDesc="SEDOL" value="BMHMX69"/>
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        <balance>864357.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>92762793.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>HEARTLAND FINANCIAL USA</name>
        <lei>549300QF7B0DFZT32C73</lei>
        <title>Heartland Financial USA Inc</title>
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          <isin value="US42234Q2012"/>
          <ticker value="HTLFP"/>
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        <balance>346838.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8882521.18000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VOYA FINANCIAL INC</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>Voya Financial Inc</title>
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          <isin value="US9290892093"/>
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        <balance>910350.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TRITON INTERNATIONAL LTD</name>
        <lei>N/A</lei>
        <title>Triton International Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="BMG9078F1317"/>
          <ticker value="TRTN B"/>
          <other otherDesc="SEDOL" value="BJK4N72"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PACWEST BANCORP</name>
        <lei>549300YI8VMFO7G36V04</lei>
        <title>PacWest Bancorp</title>
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          <isin value="US6952632023"/>
          <ticker value="PACWP"/>
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        <balance>1542347.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHS INC</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc</title>
        <cusip>12542R506</cusip>
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          <isin value="US12542R5063"/>
          <ticker value="CHSCN"/>
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        <balance>1266154.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST REPUBLIC BANK</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank/CA</title>
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          <isin value="US33616C7469"/>
          <ticker value="FRC L"/>
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        <balance>2244328.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36874309.04000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SPIRE INC</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>Spire Inc</title>
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          <isin value="US84857L3096"/>
          <ticker value="SR A"/>
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        <balance>753499.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17014007.42000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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          <isin value="US0605051954"/>
          <ticker value="BAC K"/>
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        <balance>1631123.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37842053.60000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>INVESCO MORTGAGE CAPITAL</name>
        <lei>PV3BDP2HFZL2FNXQBL39</lei>
        <title>Invesco Mortgage Capital Inc</title>
        <cusip>46131B506</cusip>
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          <isin value="US46131B5066"/>
          <ticker value="IVR C"/>
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        <balance>589253.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12091471.56000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN HOMES 4 RENT</name>
        <lei>549300ZJUO7A58PNUW40</lei>
        <title>American Homes 4 Rent</title>
        <cusip>02665T868</cusip>
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          <isin value="US02665T8687"/>
          <ticker value="AMH H"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W461</cusip>
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          <isin value="US74460W4612"/>
          <ticker value="PSA P"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OZK</name>
        <lei>549300VYK2WBD7SST478</lei>
        <title>Bank OZK</title>
        <cusip>06417N202</cusip>
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          <ticker value="OZKAP"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ALGONQUIN PWR &amp; UTILITY</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp</title>
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          <isin value="US0158577090"/>
          <ticker value="AQNA"/>
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        <assetCat>EP</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <ticker value="MS A"/>
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        <fairValLevel>1</fairValLevel>
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        <name>DYNEX CAPITAL INC</name>
        <lei>5CIJ4S9HAEBWILA19B65</lei>
        <title>Dynex Capital Inc</title>
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          <ticker value="DX C"/>
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        <name>BRUNSWICK CORP</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>Brunswick Corp/DE</title>
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          <ticker value="BC A"/>
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        <name>DIGITALBRIDGE GROUP INC</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>DigitalBridge Group Inc</title>
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          <ticker value="DBRG J"/>
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        <fairValLevel>1</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
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          <ticker value="WFC Z"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AGREE REALTY CORP</name>
        <lei>N/A</lei>
        <title>Agree Realty Corp</title>
        <cusip>008492209</cusip>
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          <isin value="US0084922097"/>
          <ticker value="ADC A"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>GFL ENVIRONMENTAL INC</name>
        <lei>549300FYK4MBXWIVZU26</lei>
        <title>GFL Environmental Inc</title>
        <cusip>36168Q120</cusip>
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          <isin value="US36168Q1206"/>
          <ticker value="GFLU"/>
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        <balance>879391.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>56887803.79000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AFFILIATED MANAGERS GROU</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group Inc</title>
        <cusip>008252850</cusip>
        <identifiers>
          <isin value="US0082528508"/>
          <ticker value="MGR"/>
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        <balance>899306.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18687578.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENN VALLEY AUTHORITY</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>Tennessee Valley Authority</title>
        <cusip>880591300</cusip>
        <identifiers>
          <isin value="US8805913006"/>
          <ticker value="TVC"/>
        </identifiers>
        <balance>768070.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17020431.20000000</valUSD>
        <pctVal>0.131720981441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>48128B648</cusip>
        <identifiers>
          <isin value="US48128B6487"/>
          <ticker value="JPM C"/>
        </identifiers>
        <balance>5562383.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>137724603.08000000</valUSD>
        <pctVal>1.065849605872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="22948607.92000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEXTAINER GROUP HOLDINGS</name>
        <lei>529900OHEYRATAFMIT89</lei>
        <title>Textainer Group Holdings Ltd</title>
        <cusip>88314W204</cusip>
        <identifiers>
          <isin value="US88314W2044"/>
          <ticker value="TGH A"/>
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        <balance>452343.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10462693.59000000</valUSD>
        <pctVal>0.080970702328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EI DU PONT DE NEMOUR &amp; C</name>
        <lei>GLU7INWNWH88J9XBXD45</lei>
        <title>EI du Pont de Nemours and Co</title>
        <cusip>263534307</cusip>
        <identifiers>
          <isin value="US2635343070"/>
          <ticker value="CTA B"/>
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        <balance>126023.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9829794.00000000</valUSD>
        <pctVal>0.076072697444</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FARMER MAC</name>
        <lei>549300MS654K78GYF580</lei>
        <title>Federal Agricultural Mortgage Corp</title>
        <cusip>313148843</cusip>
        <identifiers>
          <isin value="US3131488435"/>
          <ticker value="AGM F"/>
        </identifiers>
        <balance>361891.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6912299.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCHANTS BANCORP</name>
        <lei>54930008Y0GPVLF81889</lei>
        <title>Merchants Bancorp/IN</title>
        <cusip>58844R702</cusip>
        <identifiers>
          <isin value="US58844R7026"/>
          <ticker value="MBINN"/>
        </identifiers>
        <balance>591658.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11371666.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>94988U656</cusip>
        <identifiers>
          <isin value="US94988U6560"/>
          <ticker value="WFC Y"/>
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        <balance>1415417.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30841936.43000000</valUSD>
        <pctVal>0.238685500289</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1618997.00000000"/>
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      <invstOrSec>
        <name>HERSHA HOSPITALITY TRUST</name>
        <lei>549300DNC58BIN1VO064</lei>
        <title>Hersha Hospitality Trust</title>
        <cusip>427825708</cusip>
        <identifiers>
          <isin value="US4278257088"/>
          <ticker value="HT E"/>
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        <balance>297564.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5504934.00000000</valUSD>
        <pctVal>0.042602640363</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUITABLE HOLDINGS INC</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings Inc</title>
        <cusip>29452E200</cusip>
        <identifiers>
          <isin value="US29452E2000"/>
          <ticker value="EQH A"/>
        </identifiers>
        <balance>2405345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45244539.45000000</valUSD>
        <pctVal>0.350147130303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MAIDEN HOLDINGS NA LTD</name>
        <lei>N/A</lei>
        <title>Maiden Holdings North America Ltd</title>
        <cusip>56029Q408</cusip>
        <identifiers>
          <isin value="US56029Q4082"/>
          <ticker value="MHNC"/>
        </identifiers>
        <balance>460071.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8584924.86000000</valUSD>
        <pctVal>0.066438665088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>SPIRIT REALTY CAPITAL IN</name>
        <lei>549300LTU6LVPZSHMJ25</lei>
        <title>Spirit Realty Capital Inc</title>
        <cusip>84860W201</cusip>
        <identifiers>
          <isin value="US84860W2017"/>
          <ticker value="SRC A"/>
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        <balance>520185.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11574116.25000000</valUSD>
        <pctVal>0.089571993438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRINITY CAPITAL INC/MD</name>
        <lei>549300YGT4SBRQYDVU48</lei>
        <title>Trinity Capital Inc</title>
        <cusip>896442506</cusip>
        <identifiers>
          <isin value="US8964425065"/>
          <ticker value="TRINL"/>
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        <balance>527380.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13237238.00000000</valUSD>
        <pctVal>0.102442879410</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>LXP INDUSTRIAL TRUST</name>
        <lei>549300S4MH2ICXDBFV43</lei>
        <title>LXP Industrial Trust</title>
        <cusip>529043309</cusip>
        <identifiers>
          <isin value="US5290433094"/>
          <ticker value="LXPPC"/>
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        <balance>145974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6933765.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHS INC</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc</title>
        <cusip>12542R308</cusip>
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          <isin value="US12542R3084"/>
          <ticker value="CHSCO"/>
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        <balance>1612357.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>41244092.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>READY CAPITAL CORP</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Ready Capital Corp</title>
        <cusip>75574U887</cusip>
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          <isin value="US75574U8870"/>
          <ticker value="RC E"/>
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        <balance>346874.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61761J406</cusip>
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          <isin value="US61761J4067"/>
          <ticker value="MS I"/>
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        <balance>3006600.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
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          <isin value="US48128B5497"/>
          <ticker value="JPM L"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENTERGY MISSISSIPPI LLC</name>
        <lei>54930043I78H35DVVW89</lei>
        <title>Entergy Mississippi LLC</title>
        <cusip>29364N108</cusip>
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          <isin value="US29364N1081"/>
          <ticker value="EMP"/>
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        <balance>777838.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15844560.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALTERA INFRASTRUCTURE LP</name>
        <lei>549300ZJBGOCXKXQWE39</lei>
        <title>Altera Infrastructure LP</title>
        <cusip>000000000</cusip>
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          <isin value="MHY1001E1178"/>
          <ticker value="ALINPB"/>
          <other otherDesc="SEDOL" value="BLG5C09"/>
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        <balance>408513.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61762V804</cusip>
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          <isin value="US61762V8046"/>
          <ticker value="MS L"/>
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        <balance>1501919.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WINTRUST FINANCIAL CORP</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>Wintrust Financial Corp</title>
        <cusip>97650W504</cusip>
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          <isin value="US97650W5040"/>
          <ticker value="WTFCP"/>
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        <balance>862124.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22458330.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>94988U128</cusip>
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          <isin value="US94988U1280"/>
          <ticker value="WFC A"/>
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        <balance>2453303.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>45116242.17000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SUMMIT HOTEL PROPERTIES</name>
        <lei>254900OBQWJK6X20LS71</lei>
        <title>Summit Hotel Properties Inc</title>
        <cusip>866082704</cusip>
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          <isin value="US8660827044"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DILLARDS CAP TRUST I</name>
        <lei>N/A</lei>
        <title>Dillard's Capital Trust I</title>
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          <isin value="US25406P2002"/>
          <ticker value="DDT"/>
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        <balance>602925.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15205768.50000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AIR LEASE CORP</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>Air Lease Corp</title>
        <cusip>00912X500</cusip>
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          <isin value="US00912X5005"/>
          <ticker value="AL A"/>
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        <balance>748001.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>READY CAPITAL CORP</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Ready Capital Corp</title>
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          <isin value="US75574U2006"/>
          <ticker value="RCA"/>
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        <balance>346838.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD DTLA FUND OFF</name>
        <lei>N/A</lei>
        <title>Brookfield DTLA Fund Office Trust Investor Inc</title>
        <cusip>112714209</cusip>
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          <isin value="US1127142099"/>
          <ticker value="DTLA"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BRUNSWICK CORP</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
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          <isin value="US1170436042"/>
          <ticker value="BC C"/>
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        <balance>693187.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17780246.55000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BERKLEY (WR) CORPORATION</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp</title>
        <cusip>084423870</cusip>
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          <isin value="US0844238701"/>
          <ticker value="WRB H"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16047050.67000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PENN REAL ESTATE INVEST</name>
        <lei>5493001GPBXRIG8WJO70</lei>
        <title>Pennsylvania Real Estate Investment Trust</title>
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          <isin value="US7091026028"/>
          <ticker value="PRETM"/>
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        <balance>520526.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>988999.40000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHIMERA INVESTMENT CORP</name>
        <lei>2JBBQFJOL123LOUBE657</lei>
        <title>Chimera Investment Corp</title>
        <cusip>16934Q604</cusip>
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          <isin value="US16934Q6044"/>
          <ticker value="CIM D"/>
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        <balance>603317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11360459.11000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties</title>
        <cusip>26884U505</cusip>
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          <isin value="US26884U5056"/>
          <ticker value="EPR G"/>
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        <balance>446665.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7499505.35000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
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          <isin value="US9029737593"/>
          <ticker value="USB P"/>
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        <balance>1727895.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>38549337.45000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>URSTADT BIDDLE PROPERTIE</name>
        <lei>549300XXD0YL0AER3Z82</lei>
        <title>Urstadt Biddle Properties Inc</title>
        <cusip>917286874</cusip>
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          <isin value="US9172868740"/>
          <ticker value="UBP K"/>
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        <balance>321632.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6587023.36000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SL GREEN REALTY CORP</name>
        <lei>549300VQZPJU97H3GT17</lei>
        <title>SL Green Realty Corp</title>
        <cusip>78440X507</cusip>
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          <isin value="US78440X5077"/>
          <ticker value="SLG I"/>
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        <balance>693187.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14016241.14000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>MFA FINANCIAL INC</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
        <title>MFA Financial Inc</title>
        <cusip>55272X508</cusip>
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          <isin value="US55272X5086"/>
          <ticker value="MFA C"/>
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        <valUSD>14597299.20000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust Inc</title>
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          <isin value="US2538688308"/>
          <ticker value="DLR K"/>
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        <balance>633322.00000000</balance>
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        <valUSD>14446074.82000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>US CELLULAR CORP</name>
        <lei>549300B164AZXESI6E03</lei>
        <title>United States Cellular Corp</title>
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          <isin value="US9116848014"/>
          <ticker value="UZE"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>RENAISSANCERE HOLDINGS L</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
        <title>RenaissanceRe Holdings Ltd</title>
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        <invCountry>BM</invCountry>
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        <name>KIMCO REALTY CORP</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>FARMER MAC</name>
        <lei>549300MS654K78GYF580</lei>
        <title>Federal Agricultural Mortgage Corp</title>
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          <isin value="US3131488682"/>
          <ticker value="AGM D"/>
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        <fairValLevel>1</fairValLevel>
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        <name>NORTHERN TRUST CORP</name>
        <lei>549300GLF98S992BC502</lei>
        <title>Northern Trust Corp</title>
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          <ticker value="NTRSO"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
        <cusip>902973734</cusip>
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          <ticker value="USB Q"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SITE CENTERS CORP</name>
        <lei>W2AVA6SODOQ1LCYJQR54</lei>
        <title>SITE Centers Corp</title>
        <cusip>82981J877</cusip>
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          <ticker value="SITC A"/>
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        <balance>528107.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11723975.40000000</valUSD>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>AGNC INVESTMENT CORP</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC Investment Corp</title>
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          <isin value="US00123Q8078"/>
          <ticker value="AGNCO"/>
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        <balance>1207703.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24021212.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MORTGAGE TRUST</name>
        <lei>549300JFGR0M7ULHWG48</lei>
        <title>New York Mortgage Trust Inc</title>
        <cusip>649604865</cusip>
        <identifiers>
          <isin value="US6496048652"/>
          <ticker value="NYMTL"/>
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        <balance>433644.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7228845.48000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>FOSSIL GROUP INC</name>
        <lei>DDMY8YZ6L8UEMS1FDM73</lei>
        <title>Fossil Group Inc</title>
        <cusip>34988V304</cusip>
        <identifiers>
          <isin value="US34988V3042"/>
          <ticker value="FOSLL"/>
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        <balance>445262.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7057402.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FRANKLIN BSP REALTY TRST</name>
        <lei>549300LH3QNZK9Y1KC93</lei>
        <title>Franklin BSP Realty Trust Inc</title>
        <cusip>35243J200</cusip>
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          <isin value="US35243J2006"/>
          <ticker value="FBRT E"/>
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        <balance>776407.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13851100.88000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CADENCE BANK</name>
        <lei>Q7C315HKI8VX0SSKBS64</lei>
        <title>Cadence Bank</title>
        <cusip>12740C202</cusip>
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          <isin value="US12740C2026"/>
          <ticker value="CADE A"/>
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        <balance>525804.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10226887.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp</title>
        <cusip>89832Q695</cusip>
        <identifiers>
          <isin value="US89832Q6952"/>
          <ticker value="TFC R"/>
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        <balance>2781155.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53092248.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>060505179</cusip>
        <identifiers>
          <isin value="US0605051798"/>
          <ticker value="MER K"/>
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        <balance>2014701.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>50085466.86000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST CITIZENS BANCSHARE</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>First Citizens BancShares Inc/NC</title>
        <cusip>31959X202</cusip>
        <identifiers>
          <isin value="US31959X2027"/>
          <ticker value="FCNCO"/>
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        <balance>603281.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12276768.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NY COMMUNITY CAP TRUST V</name>
        <lei>N/A</lei>
        <title>New York Community Capital Trust V</title>
        <cusip>64944P307</cusip>
        <identifiers>
          <isin value="US64944P3073"/>
          <ticker value="NYCBPU"/>
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        <balance>218424.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9475233.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PINNACLE FINANCIAL PARTN</name>
        <lei>54930098EZ8JMSAZGS24</lei>
        <title>Pinnacle Financial Partners Inc</title>
        <cusip>72346Q302</cusip>
        <identifiers>
          <isin value="US72346Q3020"/>
          <ticker value="PNFPP"/>
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        <balance>678212.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17396137.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OAKTREE CAPITAL GRP LLC</name>
        <lei>254900T1ODNFOK2L6090</lei>
        <title>Oaktree Capital Group LLC</title>
        <cusip>674001409</cusip>
        <identifiers>
          <isin value="US6740014096"/>
          <ticker value="OAK B"/>
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        <balance>703586.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15035632.82000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06055H400</cusip>
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          <isin value="US06055H4002"/>
          <ticker value="BAC O"/>
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        <balance>2100339.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36860949.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FRANCHISE GROUP INC</name>
        <lei>549300MWCHSL8BSOMV77</lei>
        <title>Franchise Group Inc</title>
        <cusip>35180X204</cusip>
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          <isin value="US35180X2045"/>
          <ticker value="FRGAP"/>
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        <balance>342544.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6970770.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENTERGY LOUISIANA LLC</name>
        <lei>0V5453U14HDZO63CGH17</lei>
        <title>Entergy Louisiana LLC</title>
        <cusip>29364W108</cusip>
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          <isin value="US29364W1080"/>
          <ticker value="ELC"/>
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        <balance>813896.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16497671.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp</title>
        <cusip>89832Q745</cusip>
        <identifiers>
          <isin value="US89832Q7455"/>
          <ticker value="TFC O"/>
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        <balance>1728465.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>36833589.15000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>RLJ LODGING TRUST</name>
        <lei>N/A</lei>
        <title>RLJ Lodging Trust</title>
        <cusip>74965L200</cusip>
        <identifiers>
          <isin value="US74965L2007"/>
          <ticker value="RLJPA"/>
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        <balance>965339.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22965414.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ELANCO ANIMAL HEALTH INC</name>
        <lei>549300SHPNDCE059M934</lei>
        <title>Elanco Animal Health Inc</title>
        <cusip>28414H202</cusip>
        <identifiers>
          <isin value="US28414H2022"/>
          <ticker value="ELAT"/>
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        <balance>828863.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16187694.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38144X609</cusip>
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          <isin value="US38144X6094"/>
          <ticker value="GS C"/>
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        <balance>603316.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11843093.08000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SILVERGATE CAP CORP</name>
        <lei>BPE6FTXDZEBNAGIT2T19</lei>
        <title>Silvergate Capital Corp</title>
        <cusip>82837P507</cusip>
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          <isin value="US82837P5070"/>
          <ticker value="SI A"/>
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        <balance>603281.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6992026.79000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN EQUITY INVESTME</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>American Equity Investment Life Holding Co</title>
        <cusip>025676602</cusip>
        <identifiers>
          <isin value="US0256766025"/>
          <ticker value="AEL B"/>
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        <balance>896885.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20170943.65000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROOKFIELD INFRA FIN ULC</name>
        <lei>N/A</lei>
        <title>Brookfield Infrastructure Finance ULC</title>
        <cusip>11276B109</cusip>
        <identifiers>
          <isin value="US11276B1098"/>
          <ticker value="BIPH"/>
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        <balance>754187.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11606937.93000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CORENERGY INFRASTRUCTURE</name>
        <lei>549300RWMFYIPNXWXM78</lei>
        <title>CorEnergy Infrastructure Trust Inc</title>
        <cusip>21870U304</cusip>
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          <isin value="US21870U3041"/>
          <ticker value="CORR A"/>
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        <balance>383880.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>4376232.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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        <name>PEBBLEBROOK HOTEL TRUST</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>Pebblebrook Hotel Trust</title>
        <cusip>70509V886</cusip>
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          <isin value="US70509V8862"/>
          <ticker value="PEB H"/>
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        <balance>753507.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12432865.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALLSTATE CORP</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The</title>
        <cusip>020002309</cusip>
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      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
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        <name>MERCHANTS BANCORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>OFFICE PPTY INCOME TRST</name>
        <lei>N/A</lei>
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          <isin value="US67623C2089"/>
          <ticker value="OPINL"/>
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        <balance>488641.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BROOKFIELD PROPERTY PART</name>
        <lei>5493004J5Z0TZW83NU62</lei>
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        <cusip>000000000</cusip>
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          <isin value="BMG162491499"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>COMPASS DIVERSIF HOLDING</name>
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          <isin value="US20451Q2030"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DANAHER CORP</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>AFFILIATED MANAGERS GROU</name>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
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          <isin value="US05580M8192"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MIDLAND STATES BANCORP</name>
        <lei>5493006RHXW9TTBWYC94</lei>
        <title>Midland States Bancorp Inc</title>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCE TRUST VI</name>
        <lei>N/A</lei>
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          <isin value="US78410V2007"/>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BIP BERMUDA HOLDINGS I</name>
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        <title>BIP Bermuda Holdings I Ltd</title>
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          <isin value="US05554M1009"/>
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        <assetCat>EP</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp</title>
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          <ticker value="RF B"/>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>ALLSTATE CORP</name>
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        <title>Allstate Corp/The</title>
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        <fairValLevel>1</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <title>Wells Fargo &amp; Co</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BROOKFIELD PROP PFD LP</name>
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        <invCountry>BM</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>APOLLO ASSET MGMNT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>SLM CORP</name>
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        <name>SUMMIT HOTEL PROPERTIES</name>
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        <name>BROOKFIELD FINANCE INC</name>
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        <name>ELLINGTON FINANCIAL</name>
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        <name>DTE ENERGY CO</name>
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        <title>DTE Energy Co</title>
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        <name>COHERENT CORP</name>
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        <title>Coherent Corp</title>
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          <ticker value="IIVIP"/>
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        <name>EL PASO ENERGY CAP TRST</name>
        <lei>N/A</lei>
        <title>El Paso Energy Capital Trust I</title>
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          <ticker value="EPPC"/>
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        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc</title>
        <cusip>744320805</cusip>
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          <ticker value="PRS"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KIMCO REALTY CORP</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty Corp</title>
        <cusip>49446R711</cusip>
        <identifiers>
          <isin value="US49446R7118"/>
          <ticker value="KIM M"/>
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        <balance>788419.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16044326.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group Inc</title>
        <cusip>174610204</cusip>
        <identifiers>
          <isin value="US1746102045"/>
          <ticker value="CFG D"/>
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        <balance>899497.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21138179.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MORTGAGE TRUST</name>
        <lei>549300JFGR0M7ULHWG48</lei>
        <title>New York Mortgage Trust Inc</title>
        <cusip>649604881</cusip>
        <identifiers>
          <isin value="US6496048819"/>
          <ticker value="NYMTN"/>
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        <balance>461856.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8128665.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHIMERA INVESTMENT CORP</name>
        <lei>2JBBQFJOL123LOUBE657</lei>
        <title>Chimera Investment Corp</title>
        <cusip>16934Q406</cusip>
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          <isin value="US16934Q4064"/>
          <ticker value="CIM B"/>
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        <balance>974092.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19296762.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLOBAL NET LEASE INC</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>Global Net Lease Inc</title>
        <cusip>379378409</cusip>
        <identifiers>
          <isin value="US3793784097"/>
          <ticker value="GNL B"/>
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        <balance>352974.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6865344.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALGONQUIN PWR &amp; UTILITY</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp</title>
        <cusip>015857808</cusip>
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          <isin value="US0158578080"/>
          <ticker value="AQNB"/>
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        <balance>1049474.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>22374785.68000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>REINSURANCE GRP OF AMER</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America Inc</title>
        <cusip>759351802</cusip>
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          <isin value="US7593518027"/>
          <ticker value="RZB"/>
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        <balance>1201195.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust Inc</title>
        <cusip>253868855</cusip>
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          <isin value="US2538688555"/>
          <ticker value="DLR J"/>
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        <balance>602925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12673483.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FEDERAL REALTY INVS TRST</name>
        <lei>N/A</lei>
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        <cusip>313745200</cusip>
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          <isin value="US3137452005"/>
          <ticker value="FRT C"/>
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        <balance>452335.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9128120.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273V407</cusip>
        <identifiers>
          <isin value="US29273V4077"/>
          <ticker value="ET C"/>
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        <balance>1356416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>29529176.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLOBAL SHIP LEASE INC</name>
        <lei>254900GLZ0J5N8UZM071</lei>
        <title>Global Ship Lease Inc</title>
        <cusip>000000000</cusip>
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          <isin value="MHY271831213"/>
          <ticker value="GSL B"/>
          <other otherDesc="SEDOL" value="BQ1VYX4"/>
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        <balance>323635.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8006729.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ALLSTATE CORP</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The</title>
        <cusip>020002838</cusip>
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          <isin value="US0200028381"/>
          <ticker value="ALL H"/>
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        <balance>3457607.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>68495194.67000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SYNOVUS FINANCIAL CORP</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>Synovus Financial Corp</title>
        <cusip>87161C600</cusip>
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          <isin value="US87161C6003"/>
          <ticker value="SNV D"/>
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        <balance>595553.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14197983.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W628</cusip>
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          <isin value="US74460W6286"/>
          <ticker value="PSA I"/>
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        <balance>953489.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19212803.35000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MFA FINANCIAL INC</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
        <title>MFA Financial Inc</title>
        <cusip>55272X409</cusip>
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          <isin value="US55272X4097"/>
          <ticker value="MFA B"/>
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        <balance>603284.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10798783.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AES CORP/THE</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES Corp/The</title>
        <cusip>00130H204</cusip>
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          <isin value="US00130H2040"/>
          <ticker value="AESC"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NECESSITY RETAIL REIT IN</name>
        <lei>549300GN4H0K3IUS8983</lei>
        <title>Necessity Retail REIT Inc/The</title>
        <cusip>02607T406</cusip>
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          <ticker value="RTLPP"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENTERGY ARKANSAS LLC</name>
        <lei>549300A0I5ONUIFMLP35</lei>
        <title>Entergy Arkansas LLC</title>
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          <isin value="US29364D1000"/>
          <ticker value="EAI"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KeyCorp</title>
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          <isin value="US4932677028"/>
          <ticker value="KEY I"/>
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      <invstOrSec>
        <name>WINTRUST FINANCIAL CORP</name>
        <lei>Q774KI4AW80FHFW33O61</lei>
        <title>Wintrust Financial Corp</title>
        <cusip>97650W405</cusip>
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          <ticker value="WTFCM"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>ZIONS BANCORP NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>Zions Bancorp NA</title>
        <cusip>989701859</cusip>
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          <ticker value="ZIONO"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties</title>
        <cusip>26884U307</cusip>
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          <ticker value="EPRPE"/>
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        <balance>259844.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6685786.12000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ALLSTATE CORP</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The</title>
        <cusip>020002127</cusip>
        <identifiers>
          <isin value="US0200021279"/>
          <ticker value="ALL G"/>
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        <balance>1728816.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>37567171.68000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc</title>
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      <invstOrSec>
        <name>COWEN INC</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc</title>
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          <isin value="US7443208886"/>
          <ticker value="PFH"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FULTON FINANCIAL CORP</name>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARMADA HOFFLER PROPERTIE</name>
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        <title>Armada Hoffler Properties Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NEXTERA ENERGY INC</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NUSTAR ENERGY LP</name>
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          <isin value="US67058H3003"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KEYCORP</name>
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          <isin value="US4932678430"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AGNC INVESTMENT CORP</name>
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          <ticker value="AGNCM"/>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>RITHM CAPITAL CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp</title>
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          <isin value="US64828T5083"/>
          <ticker value="RITM C"/>
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        <balance>1196850.00000000</balance>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STIFEL FINANCIAL CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SEAPEAK LLC</name>
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        <title>Seapeak LLC</title>
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          <other otherDesc="SEDOL" value="BZ0BDR5"/>
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        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>PITNEY BOWES INC</name>
        <lei>549300N2O26NW4ST6W55</lei>
        <title>Pitney Bowes Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp</title>
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      <invstOrSec>
        <name>KKR GROUP FIN CO IX LLC</name>
        <lei>N/A</lei>
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        <name>BRIGHTHOUSE FINANCIAL IN</name>
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        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W669</cusip>
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          <ticker value="PSA G"/>
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        <name>WEBSTER FINANCIAL CORP</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>Webster Financial Corp</title>
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        <name>JPMORGAN CHASE &amp; CO</name>
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        <title>JPMorgan Chase &amp; Co</title>
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        <name>BANK OF AMERICA CORP</name>
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        <title>First Horizon Corp</title>
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        <name>FIRST REPUBLIC BANK</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank/CA</title>
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        <name>AMERICAN INTL GROUP</name>
        <lei>ODVCVCQG2BP6VHV36M30</lei>
        <title>American International Group Inc</title>
        <cusip>026874768</cusip>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMORGAN CHASE &amp; CO</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co</title>
        <cusip>48128B622</cusip>
        <identifiers>
          <isin value="US48128B6222"/>
          <ticker value="JPM J"/>
        </identifiers>
        <balance>2706031.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>52118157.06000000</valUSD>
        <pctVal>0.403342002219</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc</title>
        <cusip>65473P121</cusip>
        <identifiers>
          <isin value="US65473P1214"/>
          <ticker value="NIMC"/>
        </identifiers>
        <balance>648345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>66948104.70000000</valUSD>
        <pctVal>0.518110848843</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ATLAS CORP</name>
        <lei>N/A</lei>
        <title>Atlas Corp</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MHY0436Q1171"/>
          <ticker value="ATCO D"/>
          <other otherDesc="SEDOL" value="BLH91B4"/>
        </identifiers>
        <balance>382898.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9227841.80000000</valUSD>
        <pctVal>0.071414194164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61762V200</cusip>
        <identifiers>
          <isin value="US61762V2007"/>
          <ticker value="MS E"/>
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        <balance>2593250.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65220237.50000000</valUSD>
        <pctVal>0.504738898349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W685</cusip>
        <identifiers>
          <isin value="US74460W6856"/>
          <ticker value="PSA F"/>
        </identifiers>
        <balance>844274.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17797295.92000000</valUSD>
        <pctVal>0.137733131319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VALLEY NATIONAL BANCORP</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp</title>
        <cusip>919794206</cusip>
        <identifiers>
          <isin value="US9197942066"/>
          <ticker value="VLYPP"/>
        </identifiers>
        <balance>346838.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8438568.54000000</valUSD>
        <pctVal>0.065306014694</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NGL ENERGY PARTNERS LP</name>
        <lei>5299005YSRP46BE8Z459</lei>
        <title>NGL Energy Partners LP</title>
        <cusip>62913M206</cusip>
        <identifiers>
          <isin value="US62913M2061"/>
          <ticker value="NGL B"/>
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        <balance>938489.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8671638.36000000</valUSD>
        <pctVal>0.067109740174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TRITON INTERNATIONAL LTD</name>
        <lei>N/A</lei>
        <title>Triton International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9078F2067"/>
          <ticker value="TRTN D"/>
          <other otherDesc="SEDOL" value="BMTQTF0"/>
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        <balance>452343.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9865600.83000000</valUSD>
        <pctVal>0.076349806216</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SELECTIVE INSURANCE GROU</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>Selective Insurance Group Inc</title>
        <cusip>816300503</cusip>
        <identifiers>
          <isin value="US8163005031"/>
          <ticker value="SIGIP"/>
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        <balance>602925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10098993.75000000</valUSD>
        <pctVal>0.078156032164</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
        <cusip>902973668</cusip>
        <identifiers>
          <isin value="US9029736686"/>
          <ticker value="USB S"/>
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        <balance>1350572.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24755984.76000000</valUSD>
        <pctVal>0.191586368806</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DTE ENERGY CO</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co</title>
        <cusip>233331818</cusip>
        <identifiers>
          <isin value="US2333318184"/>
          <ticker value="DTG"/>
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        <balance>844290.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14732860.50000000</valUSD>
        <pctVal>0.114017490020</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ACRES COMMERCIAL REALTY</name>
        <lei>549300RUJWPCMY4JFR46</lei>
        <title>ACRES Commercial Realty Corp</title>
        <cusip>00489Q201</cusip>
        <identifiers>
          <isin value="US00489Q2012"/>
          <ticker value="ACR C"/>
        </identifiers>
        <balance>361901.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7154782.77000000</valUSD>
        <pctVal>0.055370806849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="67218.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
        <cusip>14040H733</cusip>
        <identifiers>
          <isin value="US14040H7338"/>
          <ticker value="COF N"/>
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        <balance>1275146.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>19879526.14000000</valUSD>
        <pctVal>0.153847494401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773886</cusip>
        <identifiers>
          <isin value="US3167738869"/>
          <ticker value="FITBP"/>
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        <balance>603317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13508267.63000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="24629.00000000"/>
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      <invstOrSec>
        <name>BERKLEY (WR) CORPORATION</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp</title>
        <cusip>084423888</cusip>
        <identifiers>
          <isin value="US0844238883"/>
          <ticker value="WRB G"/>
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        <balance>754058.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13965154.16000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="40744.00000000"/>
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      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp</title>
        <cusip>7591EP704</cusip>
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          <isin value="US7591EP7044"/>
          <ticker value="RF C"/>
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        <balance>1502514.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34227268.92000000</valUSD>
        <pctVal>0.264884561455</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROOKFIELD FIN I UK PLC</name>
        <lei>213800JCKNPJE9FDCJ76</lei>
        <title>Brookfield Finance I UK Plc</title>
        <cusip>11272B103</cusip>
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          <isin value="US11272B1035"/>
          <ticker value="BNJ"/>
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        <balance>693187.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10321554.43000000</valUSD>
        <pctVal>0.079878427493</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967341</cusip>
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          <isin value="US1729673418"/>
          <ticker value="C K"/>
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        <balance>4495427.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112520537.81000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DCP MIDSTREAM LP</name>
        <lei>52990024YYS3MLGW0E91</lei>
        <title>DCP Midstream LP</title>
        <cusip>23311P209</cusip>
        <identifiers>
          <isin value="US23311P2092"/>
          <ticker value="DCP B"/>
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        <balance>486264.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11913468.00000000</valUSD>
        <pctVal>0.092198233927</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W594</cusip>
        <identifiers>
          <isin value="US74460W5940"/>
          <ticker value="PSA J"/>
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        <balance>779967.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15053363.10000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARBOR REALTY TRUST INC</name>
        <lei>549300ASFUWYQO0RW077</lei>
        <title>Arbor Realty Trust Inc</title>
        <cusip>038923850</cusip>
        <identifiers>
          <isin value="US0389238504"/>
          <ticker value="ABR F"/>
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        <balance>855257.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15488704.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPASS DIVERSIF HOLDING</name>
        <lei>5299001SM1LBYANJRR58</lei>
        <title>Compass Diversified Holdings</title>
        <cusip>20451Q401</cusip>
        <identifiers>
          <isin value="US20451Q4010"/>
          <ticker value="CODI C"/>
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        <balance>346838.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7914843.16000000</valUSD>
        <pctVal>0.061252908151</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TWO HARBORS INV CORP</name>
        <lei>549300ZUIBT6KH4HU823</lei>
        <title>Two Harbors Investment Corp</title>
        <cusip>90187B507</cusip>
        <identifiers>
          <isin value="US90187B5075"/>
          <ticker value="TWO C"/>
        </identifiers>
        <balance>889810.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>16648345.10000000</valUSD>
        <pctVal>0.128841410078</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
        <title>B Riley Financial Inc</title>
        <cusip>05580M827</cusip>
        <identifiers>
          <isin value="US05580M8275"/>
          <ticker value="RILYK"/>
        </identifiers>
        <balance>625539.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13949519.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF HAWAII CORP</name>
        <lei>5493006Q8BQ8AD8M2U33</lei>
        <title>Bank of Hawaii Corp</title>
        <cusip>062545207</cusip>
        <identifiers>
          <isin value="US0625452075"/>
          <ticker value="BOH A"/>
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        <balance>542597.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9446613.77000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust Inc</title>
        <cusip>253868822</cusip>
        <identifiers>
          <isin value="US2538688225"/>
          <ticker value="DLR L"/>
        </identifiers>
        <balance>1040285.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>21024159.85000000</valUSD>
        <pctVal>0.162705805562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PARAMOUNT GLOBAL</name>
        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>Paramount Global</title>
        <cusip>92556H305</cusip>
        <identifiers>
          <isin value="US92556H3057"/>
          <ticker value="PARAP"/>
        </identifiers>
        <balance>753499.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>18664170.23000000</valUSD>
        <pctVal>0.144441864697</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3316703.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>BRIGHTHOUSE FINANCIAL IN</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>Brighthouse Financial Inc</title>
        <cusip>10922N509</cusip>
        <identifiers>
          <isin value="US10922N5095"/>
          <ticker value="BHFAO"/>
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        <balance>1208683.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>27823882.66000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TENN VALLEY AUTHORITY</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>Tennessee Valley Authority</title>
        <cusip>880591409</cusip>
        <identifiers>
          <isin value="US8805914095"/>
          <ticker value="TVE"/>
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        <balance>626876.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13709778.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>USGA</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FORD MOTOR COMPANY</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co</title>
        <cusip>345370811</cusip>
        <identifiers>
          <isin value="US3453708113"/>
          <ticker value="F D"/>
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        <balance>1806520.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>42182242.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BABCOCK &amp; WILCOX ENTERPR</name>
        <lei>5493006H661OZN2C0T54</lei>
        <title>Babcock &amp; Wilcox Enterprises Inc</title>
        <cusip>05614L407</cusip>
        <identifiers>
          <isin value="US05614L4077"/>
          <ticker value="BW A"/>
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        <balance>577975.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8525131.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc</title>
        <cusip>65339K860</cusip>
        <identifiers>
          <isin value="US65339K8606"/>
          <ticker value="NEE N"/>
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        <balance>2067119.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47254340.34000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
        <cusip>14040H774</cusip>
        <identifiers>
          <isin value="US14040H7742"/>
          <ticker value="COF K"/>
        </identifiers>
        <balance>375220.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6565974.78000000</valUSD>
        <pctVal>0.050814026505</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRAVELCENTERS OF AMERICA</name>
        <lei>529900FQY3V2OO9M4Z65</lei>
        <title>TravelCenters of America Inc</title>
        <cusip>894174408</cusip>
        <identifiers>
          <isin value="US8941744083"/>
          <ticker value="TANNZ"/>
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        <balance>301761.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7601359.59000000</valUSD>
        <pctVal>0.058826861300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARGO GROUP INTERNATIONAL</name>
        <lei>549300M4T8Y5TTWI6O03</lei>
        <title>Argo Group International Holdings Ltd</title>
        <cusip>040128209</cusip>
        <identifiers>
          <isin value="US0401282092"/>
          <ticker value="ARGO A"/>
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        <balance>452343.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8277876.90000000</valUSD>
        <pctVal>0.064062423372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARAH SOLUTIONS INC</name>
        <lei>549300I6O29493834F54</lei>
        <title>Charah Solutions Inc</title>
        <cusip>15957P204</cusip>
        <identifiers>
          <isin value="US15957P2048"/>
          <ticker value="CHRB"/>
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        <balance>406914.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4113900.54000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc</title>
        <cusip>172967358</cusip>
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          <isin value="US1729673582"/>
          <ticker value="C J"/>
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        <balance>2856352.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71865816.32000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TPG RE FINANCE TRUST INC</name>
        <lei>N/A</lei>
        <title>TPG RE Finance Trust Inc</title>
        <cusip>87266M206</cusip>
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          <isin value="US87266M2061"/>
          <ticker value="TRTX C"/>
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        <balance>606912.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10657374.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NY COMMUNITY BANCORP INC</name>
        <lei>529900HVXOTLY61GL030</lei>
        <title>New York Community Bancorp Inc</title>
        <cusip>649445202</cusip>
        <identifiers>
          <isin value="US6494452021"/>
          <ticker value="NYCB A"/>
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        <balance>1546485.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33574189.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GEORGIA POWER CO</name>
        <lei>D981X4Z4RWS7PDMJUZ03</lei>
        <title>Georgia Power Co</title>
        <cusip>373334440</cusip>
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          <isin value="US3733344408"/>
          <ticker value="GPJA"/>
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        <balance>813896.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19150972.88000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CHARLES SCHWAB CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The</title>
        <cusip>808513600</cusip>
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          <isin value="US8085136005"/>
          <ticker value="SCHW D"/>
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        <balance>2255024.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>53196016.16000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UNUM GROUP</name>
        <lei>549300E32YFDO6TZ8R31</lei>
        <title>Unum Group</title>
        <cusip>91529Y601</cusip>
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          <isin value="US91529Y6014"/>
          <ticker value="UNMA"/>
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        <balance>899609.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>21527643.37000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATLANTICUS HOLDINGS CORP</name>
        <lei>N/A</lei>
        <title>Atlanticus Holdings Corp</title>
        <cusip>04914Y300</cusip>
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          <isin value="US04914Y3009"/>
          <ticker value="ATLCL"/>
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        <balance>452343.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>GLADSTONE COMMER</name>
        <lei>529900EVVV534W8R0T32</lei>
        <title>Gladstone Commercial Corp</title>
        <cusip>376536884</cusip>
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          <isin value="US3765368846"/>
          <ticker value="GOODO"/>
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        <balance>301761.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6014096.73000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD PROPERTY PART</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>Brookfield Property Partners LP</title>
        <cusip>000000000</cusip>
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          <isin value="BMG162491564"/>
          <ticker value="BPYPO"/>
          <other otherDesc="SEDOL" value="BK1KVK5"/>
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        <balance>754187.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11471184.27000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PENNYMAC MTGE INVESTMENT</name>
        <lei>549300BSSOQO1ZWDUJ97</lei>
        <title>PennyMac Mortgage Investment Trust</title>
        <cusip>70931T400</cusip>
        <identifiers>
          <isin value="US70931T4004"/>
          <ticker value="PMT B"/>
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        <balance>588328.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12372537.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp</title>
        <cusip>125896852</cusip>
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          <isin value="US1258968528"/>
          <ticker value="CMSC"/>
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        <balance>844290.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BLACKROCK CASH FUNDS</name>
        <lei>N/A</lei>
        <title>BLACKROCK CASH FUNDS</title>
        <cusip>000000000</cusip>
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          <other otherDesc="INTERNAL" value="980SNC002"/>
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        <curCd>USD</curCd>
        <valUSD>108675635.39000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
        <cusip>902973866</cusip>
        <identifiers>
          <isin value="US9029738666"/>
          <ticker value="USB A"/>
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        <balance>94062.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>76725432.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38144G804</cusip>
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          <isin value="US38144G8042"/>
          <ticker value="GS D"/>
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        <balance>4058968.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74847369.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
        <title>B Riley Financial Inc</title>
        <cusip>05580M801</cusip>
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          <isin value="US05580M8010"/>
          <ticker value="RILYN"/>
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        <balance>504459.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11077919.64000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06055H806</cusip>
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          <isin value="US06055H8060"/>
          <ticker value="BAC Q"/>
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        <balance>2486961.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>42153988.95000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CARLYLE FINANCE LLC</name>
        <lei>N/A</lei>
        <title>Carlyle Finance LLC</title>
        <cusip>14314C105</cusip>
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          <isin value="US14314C1053"/>
          <ticker value="CGABL"/>
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        <balance>1500420.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24291799.80000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OLD NATL BANCORP</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>Old National Bancorp/IN</title>
        <cusip>68003D204</cusip>
        <identifiers>
          <isin value="US68003D2045"/>
          <ticker value="ONBPP"/>
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        <balance>325880.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8212176.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARGO GROUP US INC</name>
        <lei>N/A</lei>
        <title>Argo Group US Inc</title>
        <cusip>040130205</cusip>
        <identifiers>
          <isin value="US0401302056"/>
          <ticker value="ARGD"/>
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        <balance>433389.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8494424.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FIRST CITIZENS BANCSHARE</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>First Citizens BancShares Inc/NC</title>
        <cusip>319626305</cusip>
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          <isin value="US3196263053"/>
          <ticker value="FCNCP"/>
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        <balance>1034075.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20143781.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ATLAS CORP</name>
        <lei>N/A</lei>
        <title>Atlas Corp</title>
        <cusip>000000000</cusip>
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          <isin value="MHY0436Q1411"/>
          <ticker value="ATCO H"/>
          <other otherDesc="SEDOL" value="BLH91G9"/>
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        <balance>674106.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14543836.95000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHATHAM LODGING</name>
        <lei>N/A</lei>
        <title>Chatham Lodging Trust</title>
        <cusip>16208T201</cusip>
        <identifiers>
          <isin value="US16208T2015"/>
          <ticker value="CLDT A"/>
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        <balance>361561.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7245682.44000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>STEEL PARTNERS HLDS LP</name>
        <lei>5493009U8Z59G5SIZ389</lei>
        <title>Steel Partners Holdings LP</title>
        <cusip>85814R206</cusip>
        <identifiers>
          <isin value="US85814R2067"/>
          <ticker value="SPLP A"/>
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        <balance>484049.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11118605.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE T</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust</title>
        <cusip>25525P305</cusip>
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          <isin value="US25525P3055"/>
          <ticker value="DHCNL"/>
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        <balance>747964.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8624024.92000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARBOR REALTY TRUST INC</name>
        <lei>549300ASFUWYQO0RW077</lei>
        <title>Arbor Realty Trust Inc</title>
        <cusip>038923868</cusip>
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          <isin value="US0389238686"/>
          <ticker value="ABR E"/>
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        <balance>425511.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7067737.71000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARCELORMITTAL SA</name>
        <lei>2EULGUTUI56JI9SAL165</lei>
        <title>ArcelorMittal SA</title>
        <cusip>03938L302</cusip>
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          <isin value="US03938L3024"/>
          <ticker value="MTCN"/>
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        <balance>1828086.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113231646.84000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>LU</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VORNADO REALTY TRUST</name>
        <lei>N/A</lei>
        <title>Vornado Realty Trust</title>
        <cusip>929042844</cusip>
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          <isin value="US9290428443"/>
          <ticker value="VNO L"/>
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        <balance>904678.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp</title>
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          <isin value="US1258968452"/>
          <ticker value="CMSD"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>AMERICAN HOMES 4 RENT</name>
        <lei>549300ZJUO7A58PNUW40</lei>
        <title>American Homes 4 Rent</title>
        <cusip>02665T876</cusip>
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          <isin value="US02665T8760"/>
          <ticker value="AMH G"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REINSURANCE GRP OF AMER</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America Inc</title>
        <cusip>759351885</cusip>
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          <isin value="US7593518852"/>
          <ticker value="RZC"/>
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        <balance>2104586.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>NATIONAL STORAGE AFFILIA</name>
        <lei>N/A</lei>
        <title>National Storage Affiliates Trust</title>
        <cusip>637870205</cusip>
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          <isin value="US6378702053"/>
          <ticker value="NSA A"/>
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        <balance>674364.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>15075407.22000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CARECLOUD INC</name>
        <lei>549300GEO5Y45G5I3070</lei>
        <title>CareCloud Inc</title>
        <cusip>14167R209</cusip>
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          <isin value="US14167R2094"/>
          <ticker value="MTBCP"/>
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        <balance>341210.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9141015.90000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial</title>
        <cusip>87165B202</cusip>
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          <isin value="US87165B2025"/>
          <ticker value="SYF A"/>
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        <balance>2253692.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>38650817.80000000</valUSD>
        <pctVal>0.299118370991</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co</title>
        <cusip>949746556</cusip>
        <identifiers>
          <isin value="US9497465560"/>
          <ticker value="WFC Q"/>
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        <balance>3622555.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>83354990.55000000</valUSD>
        <pctVal>0.645083607709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHIMERA INVESTMENT CORP</name>
        <lei>2JBBQFJOL123LOUBE657</lei>
        <title>Chimera Investment Corp</title>
        <cusip>16934Q307</cusip>
        <identifiers>
          <isin value="US16934Q3074"/>
          <ticker value="CIM A"/>
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        <balance>435500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8017555.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NiSource Inc</title>
        <cusip>65473P881</cusip>
        <identifiers>
          <isin value="US65473P8813"/>
          <ticker value="NI B"/>
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        <balance>1502164.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>36487563.56000000</valUSD>
        <pctVal>0.282376963664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PACIFIC GAS&amp;ELEC</name>
        <lei>1HNPXZSMMB7HMBMVBS46</lei>
        <title>Pacific Gas and Electric Co</title>
        <cusip>694308206</cusip>
        <identifiers>
          <isin value="US6943082064"/>
          <ticker value="PCG A"/>
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        <balance>313765.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6331777.70000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc</title>
        <cusip>00206R409</cusip>
        <identifiers>
          <isin value="US00206R4092"/>
          <ticker value="TBC"/>
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        <balance>2480469.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56306646.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSOC BANC-CORP</name>
        <lei>549300N3CIN473IW5094</lei>
        <title>Associated Banc-Corp</title>
        <cusip>045487402</cusip>
        <identifiers>
          <isin value="US0454874027"/>
          <ticker value="ASB F"/>
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        <balance>301990.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6193814.90000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1763.86000000"/>
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      <invstOrSec>
        <name>GREAT AJAX CORP</name>
        <lei>5493004ID2QQWNGDYC18</lei>
        <title>Great Ajax Corp</title>
        <cusip>38983D409</cusip>
        <identifiers>
          <isin value="US38983D4097"/>
          <ticker value="AJXA"/>
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        <balance>349516.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8367413.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="16758.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KeyCorp</title>
        <cusip>493267876</cusip>
        <identifiers>
          <isin value="US4932678760"/>
          <ticker value="KEY J"/>
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        <balance>1275430.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26503435.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DCP MIDSTREAM LP</name>
        <lei>52990024YYS3MLGW0E91</lei>
        <title>DCP Midstream LP</title>
        <cusip>23311P308</cusip>
        <identifiers>
          <isin value="US23311P3082"/>
          <ticker value="DCP C"/>
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        <balance>331627.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8002159.51000000</valUSD>
        <pctVal>0.061928648688</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHS INC</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc</title>
        <cusip>12542R803</cusip>
        <identifiers>
          <isin value="US12542R8034"/>
          <ticker value="CHSCL"/>
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        <balance>1554946.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40381947.62000000</valUSD>
        <pctVal>0.312515570875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHARLES SCHWAB CORP</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The</title>
        <cusip>808513865</cusip>
        <identifiers>
          <isin value="US8085138654"/>
          <ticker value="SCHW J"/>
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        <balance>1803142.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33358127.00000000</valUSD>
        <pctVal>0.258158279061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CLARIVATE PLC</name>
        <lei>549300WDHIIODXFO0R55</lei>
        <title>Clarivate PLC</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="JE00BM91P354"/>
          <ticker value="CLVTPA"/>
          <other otherDesc="SEDOL" value="BM91P35"/>
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        <balance>1080329.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>40922862.52000000</valUSD>
        <pctVal>0.316701706976</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EQUITY COMMONWEALTH</name>
        <lei>549300YPGVU9PR4L0606</lei>
        <title>Equity Commonwealth</title>
        <cusip>294628201</cusip>
        <identifiers>
          <isin value="US2946282017"/>
          <ticker value="EQCPD"/>
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        <balance>366115.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9172096.04000000</valUSD>
        <pctVal>0.070982778172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>OLD NATL BANCORP</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>Old National Bancorp/IN</title>
        <cusip>68003D303</cusip>
        <identifiers>
          <isin value="US68003D3035"/>
          <ticker value="ONBPO"/>
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        <balance>369534.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9271608.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROOKFIELD BRP HOLDINGS</name>
        <lei>549300NSPD7QJ50GZW26</lei>
        <title>Brookfield BRP Holdings Canada Inc</title>
        <cusip>11259P208</cusip>
        <identifiers>
          <isin value="US11259P2083"/>
          <ticker value="BEPI"/>
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        <balance>783954.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11281098.06000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NUSTAR ENERGY LP</name>
        <lei>5493003BMLTUIEG2LG44</lei>
        <title>NuStar Energy LP</title>
        <cusip>67058H409</cusip>
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          <isin value="US67058H4092"/>
          <ticker value="NS C"/>
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        <balance>520185.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>12260760.45000000</valUSD>
        <pctVal>0.094885927431</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W446</cusip>
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          <isin value="US74460W4463"/>
          <ticker value="PSA Q"/>
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        <balance>424979.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6978155.18000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>READY CAPITAL CORP</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Ready Capital Corp</title>
        <cusip>75574U606</cusip>
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          <isin value="US75574U6064"/>
          <ticker value="RCC"/>
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        <balance>607372.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14012072.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W644</cusip>
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          <isin value="US74460W6443"/>
          <ticker value="PSA H"/>
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        <balance>859249.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20011909.21000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUDSON PACIFIC PROPERTIE</name>
        <lei>N/A</lei>
        <title>Hudson Pacific Properties Inc</title>
        <cusip>444097307</cusip>
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          <isin value="US4440973075"/>
          <ticker value="HPP C"/>
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        <balance>1281129.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>16052546.37000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD PROPERTY PART</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>Brookfield Property Partners LP</title>
        <cusip>000000000</cusip>
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          <isin value="BMG162491648"/>
          <ticker value="BPYPN"/>
          <other otherDesc="SEDOL" value="BLK7825"/>
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        <balance>858382.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11613908.46000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06053U601</cusip>
        <identifiers>
          <isin value="US06053U6010"/>
          <ticker value="BAC M"/>
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        <balance>2674076.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55995151.44000000</valUSD>
        <pctVal>0.433346030835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>FORD MOTOR COMPANY</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co</title>
        <cusip>345370837</cusip>
        <identifiers>
          <isin value="US3453708378"/>
          <ticker value="F C"/>
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        <balance>2405345.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>51498436.45000000</valUSD>
        <pctVal>0.398545989356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WEBSTER FINANCIAL CORP</name>
        <lei>KMRURHT0VWKYS6Z5KU67</lei>
        <title>Webster Financial Corp</title>
        <cusip>947890505</cusip>
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          <isin value="US9478905055"/>
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      <invstOrSec>
        <name>BRAEMAR HOTELS &amp; RESORTS</name>
        <lei>549300JDUUEBN868C776</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AMERICAN FINANCIAL GROUP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ASPEN INSURANCE HLDG LTD</name>
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        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>KEYCORP</name>
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          <isin value="US4932678687"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>JPMORGAN CHASE &amp; CO</name>
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          <isin value="US48128B5802"/>
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        <fairValLevel>1</fairValLevel>
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        <name>SABRE CORP</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CITIGROUP CAPITAL XIII</name>
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        <name>TRAVELCENTERS OF AMERICA</name>
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        <name>WELLS FARGO &amp; COMPANY</name>
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        <name>AMERICAN FINANCIAL GROUP</name>
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        <name>PUBLIC STORAGE</name>
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        <name>PUBLIC STORAGE</name>
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        <name>SCE TRUST IV</name>
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        <name>B RILEY FINANCIAL INC</name>
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        <name>AGNC INVESTMENT CORP</name>
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        <name>RITHM CAPITAL CORP</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp</title>
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        <name>SUNSTONE HOTEL INVESTORS</name>
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        <title>Sunstone Hotel Investors Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
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          <isin value="US9029731554"/>
          <ticker value="USB H"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
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          <isin value="US95002Y2028"/>
          <ticker value="WFC C"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VORNADO REALTY TRUST</name>
        <lei>N/A</lei>
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          <isin value="US9290427940"/>
          <ticker value="VNO O"/>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN FINANCIAL GROUP</name>
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          <isin value="US0259328641"/>
          <ticker value="AFGE"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>US CELLULAR CORP</name>
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          <isin value="US9116848840"/>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARMOUR RESIDENTIAL REIT</name>
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          <isin value="US0423156068"/>
          <ticker value="ARR C"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SIRIUSPOINT LTD</name>
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          <isin value="BMG8192H1557"/>
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        <assetCat>EP</assetCat>
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        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GLADSTONE LAND CORP</name>
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          <ticker value="LANDO"/>
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        <balance>448816.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>UNITED COMMUNITY BANK</name>
        <lei>549300GVW0FV66X3U703</lei>
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          <ticker value="UCBIO"/>
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        <balance>304781.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESTERN ALLIANCE BANCORP</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>Western Alliance Bancorp</title>
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          <isin value="US9576384062"/>
          <ticker value="WAL A"/>
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        <balance>898701.00000000</balance>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KEMPER CORP</name>
        <lei>549300FNI1JKTRY2PV09</lei>
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          <isin value="US4884013081"/>
          <ticker value="KMPB"/>
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        <curCd>USD</curCd>
        <valUSD>8229130.90000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENTERGY NEW ORLEANS LLC</name>
        <lei>1Q8BAFRNDFTDI3IGJH73</lei>
        <title>Entergy New Orleans LLC</title>
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          <isin value="US29364P1030"/>
          <ticker value="ENO"/>
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        <curCd>USD</curCd>
        <valUSD>7333862.90000000</valUSD>
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        <fairValLevel>1</fairValLevel>
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        <name>SUNSTONE HOTEL INVESTORS</name>
        <lei>529900ZQ2V52V96ATF67</lei>
        <title>Sunstone Hotel Investors Inc</title>
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          <isin value="US8678928040"/>
          <ticker value="SHO H"/>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LIBERTY BROADBAND CORP</name>
        <lei>549300MIX43II8JLN536</lei>
        <title>Liberty Broadband Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc</title>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>SYNOVUS FINANCIAL CORP</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>Synovus Financial Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>PARTNERRE LTD</name>
        <lei>7LLHQS68KCIGNZBR7918</lei>
        <title>PartnerRe Ltd</title>
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        <invCountry>BM</invCountry>
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        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
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          <ticker value="PSA M"/>
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        <name>ASSURANT INC</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
        <title>Assurant Inc</title>
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          <ticker value="AIZN"/>
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        <name>FIRST REPUBLIC BANK</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank/CA</title>
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        <name>FAT BRANDS INC</name>
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        <title>FAT Brands Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
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        <title>Bank of America Corp</title>
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        <name>ATLANTIC UNION BANKSHARE</name>
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        <title>Atlantic Union Bankshares Corp</title>
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          <ticker value="AUBAP"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP</title>
        <cusip>29273V605</cusip>
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          <isin value="US29273V6056"/>
          <ticker value="ET E"/>
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        <balance>2405345.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>52653002.05000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TELEPHONE &amp; DATA SYS</name>
        <lei>N/A</lei>
        <title>Telephone and Data Systems Inc</title>
        <cusip>879433787</cusip>
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          <isin value="US8794337878"/>
          <ticker value="TDS U"/>
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        <balance>1266154.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>18637786.88000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
        <cusip>61762V853</cusip>
        <identifiers>
          <isin value="US61762V8533"/>
          <ticker value="MS P"/>
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        <balance>3006600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75916650.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MORTGAGE TRUST</name>
        <lei>549300JFGR0M7ULHWG48</lei>
        <title>New York Mortgage Trust Inc</title>
        <cusip>649604873</cusip>
        <identifiers>
          <isin value="US6496048736"/>
          <ticker value="NYMTM"/>
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        <balance>558853.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10232598.43000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SCE TRUST II</name>
        <lei>N/A</lei>
        <title>SCE Trust II</title>
        <cusip>78407R204</cusip>
        <identifiers>
          <isin value="US78407R2040"/>
          <ticker value="SCE G"/>
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        <balance>663237.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11812250.97000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FIRST EAGLE ALTERNATIVE</name>
        <lei>ZPFGW6VV73M9CW4FN909</lei>
        <title>First Eagle Alternative Capital BDC Inc</title>
        <cusip>26943B407</cusip>
        <identifiers>
          <isin value="US26943B4077"/>
          <ticker value="FCRX"/>
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        <balance>336554.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7760935.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The</title>
        <cusip>38143Y665</cusip>
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          <isin value="US38143Y6656"/>
          <ticker value="GS A"/>
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        <balance>2254100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41497981.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SIGNATURE BANK NEW YORK</name>
        <lei>VLP5AP0XK2GM6GKD1007</lei>
        <title>Signature Bank/New York NY</title>
        <cusip>82669G203</cusip>
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          <isin value="US82669G2030"/>
          <ticker value="SBNYP"/>
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        <balance>2193502.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33714125.74000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARCH CAPITAL GROUP LTD</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>Arch Capital Group Ltd</title>
        <cusip>03939A107</cusip>
        <identifiers>
          <isin value="US03939A1079"/>
          <ticker value="ACGLO"/>
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        <balance>989301.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20082810.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLOBAL NET LEASE INC</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>Global Net Lease Inc</title>
        <cusip>379378300</cusip>
        <identifiers>
          <isin value="US3793783008"/>
          <ticker value="GNL A"/>
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        <balance>512663.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>10781302.89000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIGHTHOUSE FINANCIAL IN</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>Brighthouse Financial Inc</title>
        <cusip>10922N889</cusip>
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          <isin value="US10922N8891"/>
          <ticker value="BHFAM"/>
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        <balance>1050343.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15965213.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>UMH PROPERTIES INC</name>
        <lei>529900OM5K3PJ11F0Q09</lei>
        <title>UMH Properties Inc</title>
        <cusip>903002509</cusip>
        <identifiers>
          <isin value="US9030025095"/>
          <ticker value="UMH D"/>
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        <balance>649029.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14440895.25000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>NEWTEK BUSINESS SERVICES</name>
        <lei>549300YLU78IA8GKJ688</lei>
        <title>Newtek Business Services Corp</title>
        <cusip>652526708</cusip>
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          <isin value="US6525267083"/>
          <ticker value="NEWTZ"/>
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        <balance>301762.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7492750.46000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BABCOCK &amp; WILCOX ENTERPR</name>
        <lei>5493006H661OZN2C0T54</lei>
        <title>Babcock &amp; Wilcox Enterprises Inc</title>
        <cusip>05614L506</cusip>
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          <isin value="US05614L5066"/>
          <ticker value="BWNB"/>
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        <balance>456415.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9420405.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ASSOC BANC-CORP</name>
        <lei>549300N3CIN473IW5094</lei>
        <title>Associated Banc-Corp</title>
        <cusip>045487204</cusip>
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          <isin value="US0454872047"/>
          <ticker value="ASB E"/>
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        <balance>302041.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6675106.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD INFRASTRUCTUR</name>
        <lei>549300WEH5R2OODI7Y90</lei>
        <title>Brookfield Infrastructure Partners LP</title>
        <cusip>000000000</cusip>
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          <isin value="BMG162522756"/>
          <ticker value="BIP B"/>
          <other otherDesc="SEDOL" value="BMT9V97"/>
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        <balance>603469.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9287387.91000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SAUL CENTERS INC</name>
        <lei>N/A</lei>
        <title>Saul Centers Inc</title>
        <cusip>804395879</cusip>
        <identifiers>
          <isin value="US8043958797"/>
          <ticker value="BFS E"/>
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        <balance>331627.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6529735.63000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>OAKTREE CAPITAL GRP LLC</name>
        <lei>254900T1ODNFOK2L6090</lei>
        <title>Oaktree Capital Group LLC</title>
        <cusip>674001300</cusip>
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          <isin value="US6740013007"/>
          <ticker value="OAK A"/>
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        <balance>543093.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIGITALBRIDGE GROUP INC</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>DigitalBridge Group Inc</title>
        <cusip>25401T405</cusip>
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          <isin value="US25401T4058"/>
          <ticker value="DBRG I"/>
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        <balance>976252.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHS INC</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc</title>
        <cusip>12542R704</cusip>
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          <isin value="US12542R7044"/>
          <ticker value="CHSCM"/>
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        <balance>1479292.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35547386.76000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>060505591</cusip>
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          <isin value="US0605055914"/>
          <ticker value="BML J"/>
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        <balance>403657.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7685629.28000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
        <cusip>14040H782</cusip>
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          <isin value="US14040H7825"/>
          <ticker value="COF J"/>
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        <balance>3758354.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>65395359.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W511</cusip>
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          <isin value="US74460W5114"/>
          <ticker value="PSA N"/>
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        <balance>851811.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>13858964.97000000</valUSD>
        <pctVal>0.107254419477</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EQUITABLE HOLDINGS INC</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings Inc</title>
        <cusip>29452E408</cusip>
        <identifiers>
          <isin value="US29452E4089"/>
          <ticker value="EQH C"/>
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        <balance>899237.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15907502.53000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FTAI AVIATION LTD</name>
        <lei>N/A</lei>
        <title>FTAI Aviation Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="KYG3730V1398"/>
          <ticker value="FTAIN"/>
          <other otherDesc="SEDOL" value="BM8J6R1"/>
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        <balance>320477.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6249301.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STATE STREET CORP</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp</title>
        <cusip>857477855</cusip>
        <identifiers>
          <isin value="US8574778556"/>
          <ticker value="STT G"/>
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        <balance>1502250.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>35317897.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>06055H202</cusip>
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          <isin value="US06055H2022"/>
          <ticker value="BAC N"/>
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        <balance>2504233.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>48707331.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CULLEN/FROST BANKERS INC</name>
        <lei>529900V2E9G9AY665O34</lei>
        <title>Cullen/Frost Bankers Inc</title>
        <cusip>229899307</cusip>
        <identifiers>
          <isin value="US2298993070"/>
          <ticker value="CFR B"/>
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        <balance>452229.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8366236.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCE TRUST V</name>
        <lei>N/A</lei>
        <title>SCE Trust V</title>
        <cusip>78409W201</cusip>
        <identifiers>
          <isin value="US78409W2017"/>
          <ticker value="SCE K"/>
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        <balance>897749.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17452240.56000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ALTERA INFRASTRUCTURE LP</name>
        <lei>549300ZJBGOCXKXQWE39</lei>
        <title>Altera Infrastructure LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="MHY1001E1095"/>
          <ticker value="ALINPA"/>
          <other otherDesc="SEDOL" value="BLG58Q7"/>
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        <balance>463501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301275.65000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMPASS DIVERSIF HOLDING</name>
        <lei>5299001SM1LBYANJRR58</lei>
        <title>Compass Diversified Holdings</title>
        <cusip>20451Q302</cusip>
        <identifiers>
          <isin value="US20451Q3020"/>
          <ticker value="CODI B"/>
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        <balance>301762.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6958631.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRITON INTERNATIONAL LTD</name>
        <lei>N/A</lei>
        <title>Triton International Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9078F1499"/>
          <ticker value="TRTN C"/>
          <other otherDesc="SEDOL" value="BK26FC2"/>
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        <balance>527622.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12135306.00000000</valUSD>
        <pctVal>0.093915036442</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>060505229</cusip>
        <identifiers>
          <isin value="US0605052291"/>
          <ticker value="BAC B"/>
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        <balance>2590178.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61957057.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="4020952.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY INC</name>
        <lei>N/A</lei>
        <title>NextEra Energy Inc</title>
        <cusip>65339F770</cusip>
        <identifiers>
          <isin value="US65339F7704"/>
          <ticker value="NEEPP"/>
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        <balance>3758366.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190549156.20000000</valUSD>
        <pctVal>1.474658401572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>B RILEY FINANCIAL INC</name>
        <lei>N/A</lei>
        <title>B Riley Financial Inc</title>
        <cusip>05580M793</cusip>
        <identifiers>
          <isin value="US05580M7939"/>
          <ticker value="RILYG"/>
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        <balance>973366.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>20435819.17000000</valUSD>
        <pctVal>0.158152641727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd</title>
        <cusip>04686J309</cusip>
        <identifiers>
          <isin value="US04686J3095"/>
          <ticker value="ATH C"/>
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        <balance>1804016.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43188143.04000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ARCH CAPITAL GROUP LTD</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>Arch Capital Group Ltd</title>
        <cusip>03939A404</cusip>
        <identifiers>
          <isin value="US03939A4040"/>
          <ticker value="ACGLN"/>
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        <balance>1500465.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>25913030.55000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>GLOBE LIFE INC</name>
        <lei>5493001JFHKQOPP6XA71</lei>
        <title>Globe Life Inc</title>
        <cusip>37959E300</cusip>
        <identifiers>
          <isin value="US37959E3009"/>
          <ticker value="GL D"/>
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        <balance>972856.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17414122.40000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>STIFEL FINANCIAL CORP</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp</title>
        <cusip>860630862</cusip>
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          <isin value="US8606308620"/>
          <ticker value="SF D"/>
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        <balance>905079.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14617025.85000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST REPUBLIC BANK</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank/CA</title>
        <cusip>336158803</cusip>
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          <isin value="US3361588037"/>
          <ticker value="FRC I"/>
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        <balance>907814.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19245656.80000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HUNTINGTON BANCSHARES</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH</title>
        <cusip>446150823</cusip>
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          <isin value="US4461508230"/>
          <ticker value="HBANP"/>
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        <balance>1500274.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>25444647.04000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BABCOCK &amp; WILCOX ENTERPR</name>
        <lei>5493006H661OZN2C0T54</lei>
        <title>Babcock &amp; Wilcox Enterprises Inc</title>
        <cusip>05614L308</cusip>
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          <isin value="US05614L3087"/>
          <ticker value="BWSN"/>
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        <balance>482209.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11611592.72000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENSTAR GROUP LTD</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>Enstar Group Ltd</title>
        <cusip>29359U208</cusip>
        <identifiers>
          <isin value="US29359U2087"/>
          <ticker value="ESGRO"/>
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        <balance>330275.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7338710.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MAIDEN HOLDING LTD</name>
        <lei>5493000GQUKNWGNXRZ91</lei>
        <title>Maiden Holdings Ltd</title>
        <cusip>560292302</cusip>
        <identifiers>
          <isin value="US5602923022"/>
          <ticker value="MHLA"/>
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        <balance>331885.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>5774799.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>POPULAR CAPITAL TRUST II</name>
        <lei>N/A</lei>
        <title>Popular Capital Trust II</title>
        <cusip>73317H206</cusip>
        <identifiers>
          <isin value="US73317H2067"/>
          <ticker value="BPOPM"/>
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        <balance>392015.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9886618.30000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <loanByFundCondition isLoanByFund="Y" loanVal="317772.00000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>ISTAR INC</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>iStar Inc</title>
        <cusip>45031U804</cusip>
        <identifiers>
          <isin value="US45031U8045"/>
          <ticker value="STAR I"/>
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        <balance>377048.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9222594.08000000</valUSD>
        <pctVal>0.071373582101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EPR PROPERTIES</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties</title>
        <cusip>26884U208</cusip>
        <identifiers>
          <isin value="US26884U2087"/>
          <ticker value="EPRPC"/>
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        <balance>405099.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7279629.03000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TWO HARBORS INV CORP</name>
        <lei>549300ZUIBT6KH4HU823</lei>
        <title>Two Harbors Investment Corp</title>
        <cusip>90187B200</cusip>
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          <isin value="US90187B2007"/>
          <ticker value="TWO A"/>
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        <balance>431616.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>8757488.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ELLINGTON FINANCIAL</name>
        <lei>60GS1D1R1YY5G1W7IT74</lei>
        <title>Ellington Financial Inc</title>
        <cusip>28852N307</cusip>
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          <isin value="US28852N3070"/>
          <ticker value="EFC B"/>
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        <balance>363463.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>6382410.28000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CHIMERA INVESTMENT CORP</name>
        <lei>2JBBQFJOL123LOUBE657</lei>
        <title>Chimera Investment Corp</title>
        <cusip>16934Q505</cusip>
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          <isin value="US16934Q5053"/>
          <ticker value="CIM C"/>
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        <balance>784389.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NATIONAL RURAL UTIL COOP</name>
        <lei>4NYF266XZC35SCTGX023</lei>
        <title>National Rural Utilities Cooperative Finance Corp</title>
        <cusip>637432105</cusip>
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          <isin value="US6374321056"/>
          <ticker value="NRUC"/>
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        <balance>753499.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CEDAR REALTY TRUST INC</name>
        <lei>54930056URX93R2RSN82</lei>
        <title>Cedar Realty Trust Inc</title>
        <cusip>150602506</cusip>
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          <isin value="US1506025063"/>
          <ticker value="CDR C"/>
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        <balance>372257.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTH JERSEY INDUSTRIES</name>
        <lei>549300DJYWYT5VXLFA46</lei>
        <title>South Jersey Industries Inc</title>
        <cusip>838518207</cusip>
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          <isin value="US8385182071"/>
          <ticker value="SJIJ"/>
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        <balance>602925.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp</title>
        <cusip>7591EP886</cusip>
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          <isin value="US7591EP8869"/>
          <ticker value="RF E"/>
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        <balance>1206561.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TEXTAINER GROUP HOLDINGS</name>
        <lei>529900OHEYRATAFMIT89</lei>
        <title>Textainer Group Holdings Ltd</title>
        <cusip>88314W303</cusip>
        <identifiers>
          <isin value="US88314W3034"/>
          <ticker value="TGH B"/>
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        <balance>452343.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd</title>
        <cusip>04686J200</cusip>
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          <isin value="US04686J2006"/>
          <ticker value="ATH B"/>
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        <balance>1035654.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>20578444.98000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN FINANCIAL GROUP</name>
        <lei>549300AFOM7IVKIU1G39</lei>
        <title>American Financial Group Inc/OH</title>
        <cusip>025932807</cusip>
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          <isin value="US0259328070"/>
          <ticker value="AFGB"/>
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        <balance>381032.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ARBOR REALTY TRUST INC</name>
        <lei>549300ASFUWYQO0RW077</lei>
        <title>Arbor Realty Trust Inc</title>
        <cusip>038923876</cusip>
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          <isin value="US0389238769"/>
          <ticker value="ABR D"/>
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        <balance>685432.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61762V6065"/>
          <ticker value="MS K"/>
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        <balance>3006600.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>69181866.00000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
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          <isin value="US14040H8245"/>
          <ticker value="COF I"/>
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        <balance>4509942.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>81178956.00000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST REPUBLIC BANK</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank/CA</title>
        <cusip>33616C720</cusip>
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          <isin value="US33616C7204"/>
          <ticker value="FRC M"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp</title>
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          <ticker value="DUKB"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>UNITED STATES CELLULAR C</name>
        <lei>549300B164AZXESI6E03</lei>
        <title>United States Cellular Corp</title>
        <cusip>911684702</cusip>
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          <ticker value="UZD"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>CNO FINANCIAL GROUP INC</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp</title>
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          <ticker value="TFC I"/>
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        <fairValLevel>1</fairValLevel>
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        <name>AT&amp;T INC</name>
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        <title>AT&amp;T Inc</title>
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          <ticker value="T C"/>
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        <fairValLevel>1</fairValLevel>
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        <name>HOEGH LNG PARTNERS LP</name>
        <lei>254900MBE287MBFU8W82</lei>
        <title>Hoegh LNG Partners LP</title>
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          <ticker value="HMLP A"/>
          <other otherDesc="SEDOL" value="BF2H2G3"/>
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        <invCountry>NO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
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          <ticker value="BAC S"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>STIFEL FINANCIAL CORP</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp</title>
        <cusip>860630706</cusip>
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          <ticker value="SF B"/>
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        <valUSD>11099570.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc</title>
        <cusip>29250N477</cusip>
        <identifiers>
          <isin value="US29250N4777"/>
          <ticker value="ENBA"/>
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        <balance>1803343.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44001569.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD RENEWABLE PAR</name>
        <lei>VA8DFMRI2GY8Y7V79H93</lei>
        <title>Brookfield Renewable Partners LP</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG162582313"/>
          <ticker value="BEP A"/>
          <other otherDesc="SEDOL" value="BL0FH99"/>
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        <balance>600800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11319072.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NUSTAR ENERGY LP</name>
        <lei>5493003BMLTUIEG2LG44</lei>
        <title>NuStar Energy LP</title>
        <cusip>67058H201</cusip>
        <identifiers>
          <isin value="US67058H2013"/>
          <ticker value="NS A"/>
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        <balance>683042.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15402597.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ISTAR INC</name>
        <lei>QFFLKWYYS3UPWD86E794</lei>
        <title>iStar Inc</title>
        <cusip>45031U408</cusip>
        <identifiers>
          <isin value="US45031U4085"/>
          <ticker value="STAR D"/>
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        <balance>301761.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7480655.19000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AXIS CAPITAL HLDGS LTD</name>
        <lei>N/A</lei>
        <title>Axis Capital Holdings Ltd</title>
        <cusip>05461T305</cusip>
        <identifiers>
          <isin value="US05461T3059"/>
          <ticker value="AXS E"/>
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        <balance>1652800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32394880.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ASPEN INSURANCE HLDG LTD</name>
        <lei>549300YX6HECG9XQCQ75</lei>
        <title>Aspen Insurance Holdings Ltd</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG053841547"/>
          <ticker value="AHL C"/>
          <other otherDesc="SEDOL" value="B94QMV1"/>
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        <balance>821292.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>19119677.76000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CO</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp</title>
        <cusip>14040H758</cusip>
        <identifiers>
          <isin value="US14040H7585"/>
          <ticker value="COF L"/>
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        <balance>2028235.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>32289501.20000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QWEST CORP</name>
        <lei>549300R2L4N683OO1509</lei>
        <title>Qwest Corp</title>
        <cusip>74913G873</cusip>
        <identifiers>
          <isin value="US74913G8731"/>
          <ticker value="CTDD"/>
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        <balance>1982995.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34504113.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BRIGHTHOUSE FINANCIAL IN</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>Brighthouse Financial Inc</title>
        <cusip>10922N707</cusip>
        <identifiers>
          <isin value="US10922N7075"/>
          <ticker value="BHFAN"/>
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        <balance>1727264.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>30071666.24000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PG&amp;E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PG&amp;E Corp</title>
        <cusip>69331C140</cusip>
        <identifiers>
          <isin value="US69331C1403"/>
          <ticker value="PCGU"/>
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        <balance>1202688.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173475717.12000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIVERSIFIED HEALTHCARE T</name>
        <lei>N/A</lei>
        <title>Diversified Healthcare Trust</title>
        <cusip>25525P206</cusip>
        <identifiers>
          <isin value="US25525P2065"/>
          <ticker value="DHCNI"/>
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        <balance>1055252.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11396721.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AGNC INVESTMENT CORP</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC Investment Corp</title>
        <cusip>00123Q500</cusip>
        <identifiers>
          <isin value="US00123Q5009"/>
          <ticker value="AGNCN"/>
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        <balance>975000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24638250.00000000</valUSD>
        <pctVal>0.190675220437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>DIGITALBRIDGE GROUP INC</name>
        <lei>549300XG87L902AGBO89</lei>
        <title>DigitalBridge Group Inc</title>
        <cusip>25401T504</cusip>
        <identifiers>
          <isin value="US25401T5048"/>
          <ticker value="DBRG H"/>
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        <balance>633543.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11973899.35000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SVB FINANCIAL GROUP</name>
        <lei>549300D2KJ20JMXE7542</lei>
        <title>SVB Financial Group</title>
        <cusip>78486Q200</cusip>
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          <isin value="US78486Q2003"/>
          <ticker value="SIVBP"/>
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        <balance>1047983.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17972908.45000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD BRP HOLDINGS</name>
        <lei>549300NSPD7QJ50GZW26</lei>
        <title>Brookfield BRP Holdings Canada Inc</title>
        <cusip>11259P109</cusip>
        <identifiers>
          <isin value="US11259P1093"/>
          <ticker value="BEPH"/>
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        <balance>1054694.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>14628605.78000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>AMERICAN EQUITY INVESTME</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>American Equity Investment Life Holding Co</title>
        <cusip>025676503</cusip>
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          <isin value="US0256765035"/>
          <ticker value="AEL A"/>
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        <balance>1200132.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>24134654.52000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TRITON INTERNATIONAL LTD</name>
        <lei>N/A</lei>
        <title>Triton International Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="BMG9078F1564"/>
          <ticker value="TRTN E"/>
          <other otherDesc="SEDOL" value="BLCGQK4"/>
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        <balance>527630.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>BM</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc</title>
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          <isin value="US00206R3003"/>
          <ticker value="TBB"/>
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        <balance>3976274.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp</title>
        <cusip>902973718</cusip>
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          <isin value="US9029737189"/>
          <ticker value="USB R"/>
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        <balance>2254810.00000000</balance>
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        <valUSD>36618114.40000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VALLEY NATIONAL BANCORP</name>
        <lei>549300ET52S1UBIB9762</lei>
        <title>Valley National Bancorp</title>
        <cusip>919794305</cusip>
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          <isin value="US9197943056"/>
          <ticker value="VLYPO"/>
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        <valUSD>7574226.20000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc</title>
        <cusip>59156R850</cusip>
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          <isin value="US59156R8503"/>
          <ticker value="MET F"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTH JERSEY INDUSTRIES</name>
        <lei>549300DJYWYT5VXLFA46</lei>
        <title>South Jersey Industries Inc</title>
        <cusip>838518306</cusip>
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          <isin value="US8385183061"/>
          <ticker value="SJIV"/>
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        <balance>503271.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34735764.42000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773605</cusip>
        <identifiers>
          <isin value="US3167736053"/>
          <ticker value="FITBI"/>
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        <balance>1351223.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>33131987.96000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>PUBLIC STORAGE</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FTAI AVIATION LTD</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>VORNADO REALTY TRUST</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>FTAI AVIATION LTD</name>
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        <fairValLevel>1</fairValLevel>
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        <fairValLevel>1</fairValLevel>
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        <name>AFFILIATED MANAGERS GROU</name>
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        <fairValLevel>1</fairValLevel>
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        <name>AEGON FUNDING CO LLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>ENSTAR GROUP LTD</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>BECTON DICKINSON AND CO</name>
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        <fairValLevel>1</fairValLevel>
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        <name>APOLLO ASSET MGMNT INC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FNB CORP</name>
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        <fairValLevel>1</fairValLevel>
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        <name>FORD MOTOR COMPANY</name>
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        <name>GLADSTONE INVESTMENT COR</name>
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        <name>METLIFE INC</name>
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        <name>STATE STREET CORP</name>
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        <name>RITHM CAPITAL CORP</name>
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        <name>NEXTERA ENERGY INC</name>
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        <name>RENAISSANCERE HOLDINGS L</name>
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        <name>FIRST REPUBLIC BANK</name>
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        <name>DIAMONDROCK HOSPITALITY</name>
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        <title>DiamondRock Hospitality Co</title>
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        <name>GOLDMAN SACHS GROUP INC</name>
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        <title>Goldman Sachs Group Inc/The</title>
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        <title>Brighthouse Financial Inc</title>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp</title>
        <cusip>060505682</cusip>
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          <isin value="US0605056821"/>
          <ticker value="BACPL"/>
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        <balance>150486.00000000</balance>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd</title>
        <cusip>000000000</cusip>
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          <isin value="BMG0684D3054"/>
          <ticker value="ATH A"/>
          <other otherDesc="SEDOL" value="BK1MHD6"/>
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        <balance>2593250.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>KKR REAL ESTATE FIN</name>
        <lei>549300K23AYZDZ2REL62</lei>
        <title>KKR Real Estate Finance Trust Inc</title>
        <cusip>48251K209</cusip>
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          <isin value="US48251K2096"/>
          <ticker value="KREF A"/>
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        <balance>981040.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
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          <isin value="US29273V5066"/>
          <ticker value="ET D"/>
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        <balance>1335683.00000000</balance>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61762V8616"/>
          <ticker value="MS O"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage</title>
        <cusip>74460W552</cusip>
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          <isin value="US74460W5528"/>
          <ticker value="PSA L"/>
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        <balance>1696666.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>TWO HARBORS INV CORP</name>
        <lei>549300ZUIBT6KH4HU823</lei>
        <title>Two Harbors Investment Corp</title>
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          <isin value="US90187B3096"/>
          <ticker value="TWO B"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>SOUTHERN CO</name>
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        <title>Southern Co/The</title>
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          <isin value="US8425878837"/>
          <ticker value="SOJE"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>PENNYMAC MTGE INVESTMENT</name>
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        <title>PennyMac Mortgage Investment Trust</title>
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          <isin value="US70931T3014"/>
          <ticker value="PMT A"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>FIRST HORIZON CORP</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>First Horizon Corp</title>
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          <isin value="US3205174028"/>
          <ticker value="FHN E"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>UGI CORP</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
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        <fairValLevel>1</fairValLevel>
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        <name>SEMPRA ENERGY</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
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          <ticker value="SREA"/>
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        <fairValLevel>1</fairValLevel>
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        <name>PENN REAL ESTATE INVEST</name>
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          <isin value="US7091027018"/>
          <ticker value="PRETN"/>
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        <name>SEAPEAK LLC</name>
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        <fairValLevel>1</fairValLevel>
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        <name>BERKLEY (WR) CORPORATION</name>
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        <name>ALGONQUIN PWR &amp;</name>
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        <name>URSTADT BIDDLE PROPERTIE</name>
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        <name>BLACKROCK GLOBAL</name>
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        <name>BROOKFIELD INFRASTRUCTUR</name>
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        <name>PEBBLEBROOK HOTEL TRUST</name>
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        <title>Pebblebrook Hotel Trust</title>
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        <name>AT&amp;T INC</name>
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        <title>AT&amp;T Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>GLADSTONE INVESTMENT COR</name>
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        <title>Gladstone Investment Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>BOSTON SCIENTIFIC CORP</name>
        <lei>Y6ZDD9FP4P8JSSJMW954</lei>
        <title>Boston Scientific Corp</title>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN CO</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The</title>
        <cusip>842587800</cusip>
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          <isin value="US8425878001"/>
          <ticker value="SOJD"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>QVC INC</name>
        <lei>549300WBLU5NKPX5X472</lei>
        <title>QVC Inc</title>
        <cusip>747262301</cusip>
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          <isin value="US7472623013"/>
          <ticker value="QVCD"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group Inc</title>
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          <isin value="US1746104025"/>
          <ticker value="CFG E"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>WESCO INTERNATIONAL INC</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International Inc</title>
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          <isin value="US95082P3038"/>
          <ticker value="WCC A"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KKR &amp; CO INC</name>
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          <isin value="US48251W4015"/>
          <ticker value="KKRPC"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GOLDMAN SACHS GROUP INC</name>
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        <title>Goldman Sachs Group Inc/The</title>
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          <isin value="US38148B1089"/>
          <ticker value="GS K"/>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ANNALY CAPITAL MGMT</name>
        <lei>2DTL0G3FPRYUT58TI025</lei>
        <title>Annaly Capital Management Inc</title>
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          <isin value="US0357108622"/>
          <ticker value="NLY G"/>
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        <curCd>USD</curCd>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>CITY OFFICE REIT</name>
        <lei>5493003J7157VP25NL57</lei>
        <title>City Office REIT Inc</title>
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          <isin value="US1785872003"/>
          <ticker value="CIO A"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QWEST CORP</name>
        <lei>549300R2L4N683OO1509</lei>
        <title>Qwest Corp</title>
        <cusip>74913G881</cusip>
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          <isin value="US74913G8814"/>
          <ticker value="CTBB"/>
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        <balance>2939013.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>49081517.10000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>GRANITE POINT MTGE TRST</name>
        <lei>529900VX2HQZ76AYIE02</lei>
        <title>Granite Point Mortgage Trust Inc</title>
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          <isin value="US38741L3050"/>
          <ticker value="GPMT A"/>
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        <balance>620561.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>10642621.15000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley</title>
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          <isin value="US61763E2072"/>
          <ticker value="MS F"/>
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        <balance>2555605.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>QVC INC</name>
        <lei>549300WBLU5NKPX5X472</lei>
        <title>QVC Inc</title>
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          <isin value="US7472624003"/>
          <ticker value="QVCC"/>
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        <balance>1499791.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>17952498.27000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>READY CAPITAL CORP</name>
        <lei>549300MYWGZUG7ZUYO87</lei>
        <title>Ready Capital Corp</title>
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          <ticker value="RCB"/>
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        <balance>309330.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>7225948.80000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>DTE ENERGY CO</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co</title>
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          <ticker value="DTB"/>
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        <balance>693187.00000000</balance>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <name>PEBBLEBROOK HOTEL TRUST</name>
        <lei>5493004Q1NNH6JXCSI52</lei>
        <title>Pebblebrook Hotel Trust</title>
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          <ticker value="PEB E"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>M&amp;T BANK CORPORATION</name>
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        <title>M&amp;T Bank Corp</title>
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          <ticker value="MTB H"/>
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        <assetCat>EP</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>HARTFORD FINL SVCS GRP</name>
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        <title>Hartford Financial Services Group Inc/The</title>
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          <ticker value="HIG G"/>
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        <name>FARMER MAC</name>
        <lei>549300MS654K78GYF580</lei>
        <title>Federal Agricultural Mortgage Corp</title>
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        <name>ANNALY CAPITAL MGMT</name>
        <lei>2DTL0G3FPRYUT58TI025</lei>
        <title>Annaly Capital Management Inc</title>
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          <ticker value="NLY F"/>
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        <name>QURATE RETAIL INC</name>
        <lei>549300PSXEKU4PHLCR04</lei>
        <title>Qurate Retail Inc</title>
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        <name>HERSHA HOSPITALITY TRUST</name>
        <lei>549300DNC58BIN1VO064</lei>
        <title>Hersha Hospitality Trust</title>
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          <ticker value="HT D"/>
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        <name>CONNECTONE BANCORP INC</name>
        <lei>549300E2M5ZYAZKUK134</lei>
        <title>ConnectOne Bancorp Inc</title>
        <cusip>20786W503</cusip>
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          <ticker value="CNOBP"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>SCE TRUST III</name>
        <lei>N/A</lei>
        <title>SCE Trust III</title>
        <cusip>78409B207</cusip>
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          <ticker value="SCE H"/>
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        <balance>828845.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>MERCHANTS BANCORP</name>
        <lei>54930008Y0GPVLF81889</lei>
        <title>Merchants Bancorp/IN</title>
        <cusip>58844R603</cusip>
        <identifiers>
          <isin value="US58844R6036"/>
          <ticker value="MBINO"/>
        </identifiers>
        <balance>377169.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7667845.77000000</valUSD>
        <pctVal>0.059341397318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN CO</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The</title>
        <cusip>842587404</cusip>
        <identifiers>
          <isin value="US8425874042"/>
          <ticker value="SOJC"/>
        </identifiers>
        <balance>1350680.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>28607402.40000000</valUSD>
        <pctVal>0.221392459235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HUNTINGTON BANCSHARES</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH</title>
        <cusip>446150781</cusip>
        <identifiers>
          <isin value="US4461507810"/>
          <ticker value="HBANM"/>
        </identifiers>
        <balance>527910.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11429251.50000000</valUSD>
        <pctVal>0.088450886292</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="12990.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp</title>
        <cusip>316773860</cusip>
        <identifiers>
          <isin value="US3167738604"/>
          <ticker value="FITBO"/>
        </identifiers>
        <balance>754058.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>14990673.04000000</valUSD>
        <pctVal>0.116012699213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON FEDERAL INC</name>
        <lei>N/A</lei>
        <title>Washington Federal Inc</title>
        <cusip>938824307</cusip>
        <identifiers>
          <isin value="US9388243076"/>
          <ticker value="WAFDP"/>
        </identifiers>
        <balance>904670.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>15967425.50000000</valUSD>
        <pctVal>0.123571778719</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>INVESCO MORTGAGE CAPITAL</name>
        <lei>PV3BDP2HFZL2FNXQBL39</lei>
        <title>Invesco Mortgage Capital Inc</title>
        <cusip>46131B407</cusip>
        <identifiers>
          <isin value="US46131B4077"/>
          <ticker value="IVR B"/>
        </identifiers>
        <balance>342282.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6736109.76000000</valUSD>
        <pctVal>0.052130699760</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AMERICAN ELECTRIC POWER</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc</title>
        <cusip>02557T307</cusip>
        <identifiers>
          <isin value="US02557T3077"/>
          <ticker value="AEPPZ"/>
        </identifiers>
        <balance>1277885.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65913308.30000000</valUSD>
        <pctVal>0.510102567748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp</title>
        <cusip>26441C501</cusip>
        <identifiers>
          <isin value="US26441C5013"/>
          <ticker value="DUK A"/>
        </identifiers>
        <balance>3006600.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>70324374.00000000</valUSD>
        <pctVal>0.544239770054</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="100577.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TEXAS CAPITAL BANCSHARES</name>
        <lei>549300466Q2SXRX0YM48</lei>
        <title>Texas Capital Bancshares Inc</title>
        <cusip>88224Q305</cusip>
        <identifiers>
          <isin value="US88224Q3056"/>
          <ticker value="TCBIO"/>
        </identifiers>
        <balance>898436.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>17187080.68000000</valUSD>
        <pctVal>0.133010680439</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="7652.00000000"/>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>





      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2023-02-23</ncom:dateSigned>
      <ncom:nameOfApplicant>iShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Ann Frechette</ncom:signature>
      <ncom:signerName>Ann Frechette</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
