0001083839-20-000034.txt : 20200702 0001083839-20-000034.hdr.sgml : 20200702 20200629180320 ACCESSION NUMBER: 0001083839-20-000034 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20200430 FILED AS OF DATE: 20200629 DATE AS OF CHANGE: 20200701 PERIOD START: 20200731 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Nuveen Preferred & Income Securities Fund CENTRAL INDEX KEY: 0001176433 IRS NUMBER: 431969047 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21137 FILM NUMBER: 20997932 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178146 MAIL ADDRESS: STREET 1: 333 WEST WACKER DRIVE CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: Nuveen Preferred Securities Income Fund DATE OF NAME CHANGE: 20160509 FORMER COMPANY: FORMER CONFORMED NAME: NUVEEN QUALITY PREFERRED INCOME FUND 2 DATE OF NAME CHANGE: 20020627 NPORT-P 1 primary_doc.xml NPORT-P false 0001176433 XXXXXXXX Nuveen Preferred & Income Securities Fund 811-21137 0001176433 1V4KW82TOLZ6S7J7N128 333 W. Wacker Dr Chicago 60606 312-917-7700 Nuveen Preferred & Income Securities Fund 1V4KW82TOLZ6S7J7N128 2020-07-31 2020-04-30 N 2395487713.00 685127775.00 1710359938.00 0.00000000 0.00000000 670300000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 Credit Agricole SA 225313AD7 19653000.00000000 PA USD 20881312.50000000 1.220872404461 Long DBT CORP FR Y 2 N/A Variable 7.87500000 N N N N Y Credit Agricole SA Credit Agricole SA 7.875 03/23/2169 USD XXXX N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG AM2522820 6700000.00000000 PA USD 6740334.00000000 0.394088627209 Long DBT CORP CH N 2 N/A Variable 7.12500000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG 7.125 07/29/2168 USD XXXX N N N FARM CREDIT BK OF TEXAS V1EBJIOLRNYDHDF63Z33 Farm Credit Bank of Texas 30767EAC3 4000000.00000000 PA USD 3625000.00000000 0.211943692053 Long DBT USGSE US Y 2 N/A Fixed 6.20000000 N N N N N N DAIRY FARMERS OF AMERICA 1LTUIZEFFT7MUIERI838 Dairy Farmers of America Inc 23385HAA7 6705000.00000000 PA USD 5531625.00000000 0.323418765670 Long DBT CORP US Y 2 N/A Fixed 7.12500000 N N N N N N ING GROEP NV 549300NYKK9MWM7GGW15 ING Groep NV AL2981127 9700000.00000000 PA USD 9675750.00000000 0.565714256106 Long DBT CORP NL N 2 N/A Variable 6.87500000 N N N N Y ING Groep NV ING Groep NV 6.875 04/16/2169 USD XXXX N N N Telephone and Data Systems Inc N/A Telephone and Data Systems Inc 879433845 131945.00000000 NS USD 3119179.80000000 0.182369788411 Long EP CORP US N 1 N N N John Hancock Preferred Income Fund III 549300SKQ7P13U1YJN71 John Hancock Preferred Income Fund III 41021P103 646421.00000000 NS USD 9967811.82000000 0.582790300365 Long EC RF US N 1 N N N M&G PLC 254900TWUJUQ44TQJY84 M&G PLC AU5739902 19800000.00000000 PA USD 21817382.40000000 1.275601814288 Long DBT CORP GB N 2 2048-10-20 Variable 6.50000000 N N N N N N National Rural Utilities Cooperative Finance Corp 4NYF266XZC35SCTGX023 National Rural Utilities Cooperative Finance Corp 637432105 472073.00000000 NS USD 12948962.39000000 0.757089902675 Long EP CORP US N 1 N N N PRUDENTIAL FINANCIAL INC 5PRBRS5FEH7NREC8OR45 Prudential Financial Inc 744320AL6 6225000.00000000 PA USD 6558535.50000000 0.383459373333 Long DBT CORP US N 2 2042-09-15 Fixed 5.87500000 N N N N N N CoBank ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075Q805 47500.00000000 NS USD 4797500.00000000 0.280496513827 Long EP CORP US N 2 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HJQ4 54000000.00000000 PA USD 57973320.00000000 3.389539167281 Long DBT CORP US N 2 N/A Fixed 6.75000000 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967341 346088.00000000 NS USD 9468967.68000000 0.553624267595 Long EP CORP US N 1 N N N VOYA FINANCIAL INC 549300T065Z4KJ686G75 Voya Financial Inc 929089AG5 5000000.00000000 PA USD 4950000.00000000 0.289412765700 Long DBT CORP US N 2 N/A Fixed 6.12500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBA2 63300000.00000000 PA USD 61084500.00000000 3.571441229582 Long DBT CORP GB N 2 N/A Variable 7.75000000 N N N N Y Barclays PLC Barclays PLC 7.75 12/15/2168 USD XXXX N N N Dairy Farmers of America Inc 1LTUIZEFFT7MUIERI838 Dairy Farmers of America Inc 23385H406 32500.00000000 NS USD 2762500.00000000 0.161515710151 Long EP CORP US Y 2 N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BC2 26300000.00000000 PA USD 26365750.00000000 1.541532247933 Long DBT CORP GB N 2 N/A Variable 6.87500000 N N N N Y HSBC Holdings PLC HSBC Holdings PLC 6.875 12/01/2168 USD XXXX N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38145G308 369239.00000000 NS USD 9323284.75000000 0.545106590891 Long EP CORP US N 1 N N N Wells Fargo & Co PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746556 249285.00000000 NS USD 6304417.65000000 0.368601807720 Long EP CORP US N 1 N N N AXIS SPECIALTY FINANCE N/A AXIS Specialty Finance LLC 05463HAC5 1200000.00000000 PA USD 1050000.00000000 0.061390586663 Long DBT CORP US N 2 2040-01-15 Variable 4.90000000 N N N N N N DNB BANK ASA 549300GKFG0RYRRQ1414 DNB Bank ASA ZZ2063381 1250000.00000000 PA USD 851562.50000000 0.049788496624 Long DBT CORP NO N 2 N/A Variable 1.74025000 N N N N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61747S504 80.00000000 NS USD 1680.00000000 0.000098224938 Long EP CORP US N 1 N N N NISOURCE INC 549300D8GOWWH0SJB189 NiSource Inc 65473PAG0 12400000.00000000 PA USD 11408000.00000000 0.666994107295 Long DBT CORP US N 2 N/A Variable 5.65000000 N N N N N N ENTERPRISE PRODUCTS OPER 5493004LGN656HWLDA30 Enterprise Products Operating LLC 29379VBN2 3000000.00000000 PA USD 2699100.00000000 0.157808888061 Long DBT CORP US N 2 2077-08-16 Fixed 5.25000000 N N N N N N AgriBank FCB I0JS1G88CFNZT8P31C22 AgriBank FCB 00850L203 105300.00000000 NS USD 10530000.00000000 0.615659883399 Long EP CORP US N 2 N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AJ7 11000000.00000000 PA USD 11110000.00000000 0.649570874127 Long DBT CORP CH Y 2 N/A Variable 7.50000000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG 7.5 01/17/2169 USD XXXX N N N PS Business Parks Inc N/A PS Business Parks Inc 69360J594 5000.00000000 NS USD 124350.00000000 0.007270399477 Long EP CORP US N 1 N N N State Street Corp 549300ZFEEJ2IP5VME73 State Street Corp 857477608 74642.00000000 NS USD 1951141.88000000 0.114077852073 Long EP CORP US N 1 N N N Northern Trust Corp 549300GLF98S992BC502 Northern Trust Corp 665859856 12000.00000000 NS USD 300720.00000000 0.017582264020 Long EP CORP US N 1 N N N Algonquin Power & Utilities Corp 549300K5VIUTJXQL7X75 Algonquin Power & Utilities Corp 015857808 179646.00000000 NS USD 4909725.18000000 0.287058008721 Long EP CORP CA N 1 N N N PNC Financial Services Group Inc/The CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475857 1592952.00000000 NS USD 41990214.72000000 2.455051348378 Long EP CORP US N 1 N N N ARGENTUM (SWISS RE LTD) 724500RPEZI5VVQQWE89 Argentum Netherlands BV for Swiss Re Ltd LW2260898 2100000.00000000 PA USD 2215151.36000000 0.129513753847 Long DBT CORP NL N 2 2052-08-15 Fixed 5.62500000 N N N N N N SWEDBANK AB M312WZV08Y7LYUC71685 Swedbank AB AL6850542 12000000.00000000 PA USD 11731152.00000000 0.685887908115 Long DBT CORP SE N 2 N/A Variable 6.00000000 N N N N Y Swedbank AB Swedbank AB 6 03/17/2169 USD XXXX N N N PRUDENTIAL FINANCIAL INC 5PRBRS5FEH7NREC8OR45 Prudential Financial Inc 744320AM4 27180000.00000000 PA USD 28049760.00000000 1.639991640169 Long DBT CORP US N 2 2043-06-15 Fixed 5.62500000 N N N N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W578 111690.00000000 NS USD 2891654.10000000 0.169066992026 Long EP CORP US N 1 N N N PS Business Parks Inc N/A PS Business Parks Inc 69360J552 2682.00000000 NS USD 64582.56000000 0.003775963092 Long EP CORP US N 1 N N N DNB BANK ASA 549300GKFG0RYRRQ1414 DNB Bank ASA QZ8551595 13300000.00000000 PA USD 13399750.00000000 0.783446203473 Long DBT CORP NO N 2 N/A Variable 6.50000000 N N N N Y DNB Bank ASA DNB Bank ASA 6.5 03/26/2169 USD XXXX N N N CAPITAL ONE FINANCIAL CO ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040HBH7 16987000.00000000 PA USD 14184145.00000000 0.829307602736 Long DBT CORP US N 2 N/A Fixed 5.55000000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83368JKG4 11350000.00000000 PA USD 11080437.50000000 0.647842436777 Long DBT CORP FR Y 2 N/A Variable 7.37500000 N N N N Y Societe Generale SA Societe Generale SA 7.375 03/13/2169 USD XXXX N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967JZ5 13940000.00000000 PA USD 12844316.00000000 0.750971518604 Long DBT CORP US N 2 N/A Fixed 5.95000000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BL2 1600000.00000000 PA USD 1570664.00000000 0.091832366106 Long DBT CORP GB N 2 N/A Variable 6.00000000 N N N N Y HSBC Holdings PLC HSBC Holdings PLC 6 11/22/2168 USD XXXX N N N AMERICAN INTL GROUP ODVCVCQG2BP6VHV36M30 American International Group Inc 026874DM6 13300000.00000000 PA USD 13509736.48000000 0.789876807790 Long DBT CORP US N 2 2048-04-01 Fixed 5.75000000 N N N N N N National Retail Properties Inc 5493008JKH5SOTI0JS97 National Retail Properties Inc 637417874 3000.00000000 NS USD 72810.00000000 0.004256998680 Long EP CORP US N 1 N N N DNB BANK ASA 549300GKFG0RYRRQ1414 DNB Bank ASA ZZ2018849 1250000.00000000 PA USD 851562.50000000 0.049788496624 Long DBT CORP NO N 2 N/A Variable 1.86325000 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967317 8214.00000000 NS USD 209785.56000000 0.012265579620 Long EP CORP US N 1 N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83367TBU2 4550000.00000000 PA USD 4268491.50000000 0.249566854623 Long DBT CORP FR Y 2 N/A Variable 6.75000000 N N N N Y Societe Generale SA Societe Generale SA 6.75 10/06/2168 USD XXXX N N N AMERICAN INTL GROUP ODVCVCQG2BP6VHV36M30 American International Group Inc 026874BS5 13605000.00000000 PA USD 16734150.00000000 0.978399319827 Long DBT CORP US N 2 2058-05-15 Fixed 8.17500000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83368JFA3 73300000.00000000 PA USD 74399500.00000000 4.349932335704 Long DBT CORP FR Y 2 N/A Variable 8.00000000 N N N N Y Societe Generale SA Societe Generale SA 8 03/29/2169 USD XXXX N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA 054536AA5 16550000.00000000 PA USD 22980018.74000000 1.343577935231 Long DBT CORP FR N 2 2030-12-15 Fixed 8.60000000 N N N N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W628 8331.00000000 NS USD 212940.36000000 0.012450032023 Long EP CORP US N 1 N N N Hartford Financial Services Group Inc/The IU7C3FTM7Y3BQM112U94 Hartford Financial Services Group Inc/The 416518603 3839.00000000 NS USD 102462.91000000 0.005990722053 Long EP CORP US N 1 N N N ALLSTATE CORP OBT0W1ED8G0NWVOLOJ77 Allstate Corp/The 020002BB6 4400000.00000000 PA USD 4473471.90000000 0.261551489871 Long DBT CORP US N 2 2053-08-15 Fixed 5.75000000 N N N N N N CITIZENS FINANCIAL GROUP 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610AH8 24389000.00000000 PA USD 20608705.00000000 1.204933800314 Long DBT CORP US N 2 N/A Fixed 5.33300000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967KD2 13000000.00000000 PA USD 12615200.00000000 0.737575741791 Long DBT CORP US N 2 N/A Fixed 6.12500000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505EL4 19300000.00000000 PA USD 20554500.00000000 1.201764584362 Long DBT CORP US N 2 N/A Fixed 6.50000000 N N N N N N SKANDINAVISKA ENSKILDA F3JS33DEI6XQ4ZBPTN86 Skandinaviska Enskilda Banken AB AM8872617 1000000.00000000 PA USD 990750.00000000 0.057926403559 Long DBT CORP SE N 2 N/A Variable 5.62500000 N N N N Y Skandinaviska Enskilda Banken AB Skandinaviska Enskilda Ba 5.625 05/13/2168 USD XXXX N N N NEXTERA ENERGY CAPITAL UMI46YPGBLUE4VGNNT48 NextEra Energy Capital Holdings Inc 65339KAV2 1600000.00000000 PA USD 1598449.02000000 0.093456879133 Long DBT CORP US N 2 2077-12-01 Fixed 4.80000000 N N N N N N CLOVERIE PLC ZURICH INS 5493002N598MXOKUEF55 Cloverie PLC for Zurich Insurance Co Ltd JK5179706 14550000.00000000 PA USD 16058893.20000000 0.938918928303 Long DBT CORP IE N 2 2046-06-24 Fixed 5.62500000 N N N N N N Southern Co/The 549300FC3G3YU2FBZD92 Southern Co/The 842587404 86891.00000000 NS USD 2268724.01000000 0.132645998049 Long EP CORP US N 1 N N N NEXTERA ENERGY CAPITAL UMI46YPGBLUE4VGNNT48 NextEra Energy Capital Holdings Inc 302570AX4 11450000.00000000 PA USD 8424448.79000000 0.492554146225 Long DBT CORP US N 2 2067-06-15 Fixed 2.86550000 N N N N N N DUKE ENERGY CORP I1BZKREC126H0VB1BL91 Duke Energy Corp 26441CBG9 7800000.00000000 PA USD 7722000.00000000 0.451483914492 Long DBT CORP US N 2 N/A Variable 4.87500000 N N N N N N WILLOW NO.2 FOR ZURICH I 549300B0B1XTFDS6V025 Willow No 2 Ireland PLC for Zurich Insurance Co Ltd EK8618358 8700000.00000000 PA USD 8834815.20000000 0.516547131613 Long DBT CORP IE N 2 2045-10-01 Fixed 4.25000000 N N N N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc 59156RAV0 3000000.00000000 PA USD 4567710.00000000 0.267061330104 Long DBT CORP US N 2 2039-08-01 Fixed 10.75000000 N N N N N N MetLife Inc C4BXATY60WC6XEOZDX54 MetLife Inc 59156R850 30000.00000000 NS USD 742500.00000000 0.043411914855 Long EP CORP US N 1 N N N STATE STREET CORP 549300ZFEEJ2IP5VME73 State Street Corp 857477AQ6 2600000.00000000 PA USD 2465060.00000000 0.144125218629 Long DBT CORP US N 2 N/A Fixed 5.25000000 N N N N N N KEYCORP CAPITAL III N/A KeyCorp Capital III 49326QAA4 8000000.00000000 PA USD 9947146.32000000 0.581582045919 Long DBT CORP US N 2 2029-07-15 Fixed 7.75000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48126HAC4 7000000.00000000 PA USD 7175000.00000000 0.419502342202 Long DBT CORP US N 2 N/A Fixed 6.10000000 N N N N N N STANLEY BLACK & DECKER I 549300DJ09SMTO561131 Stanley Black & Decker Inc 854502AM3 5700000.00000000 PA USD 5501741.97000000 0.321671587819 Long DBT CORP US N 2 2060-03-15 Variable 4.00000000 N N N N N N MACQUARIE BANK LONDON 4ZHCHI4KYZG2WVRT8631 Macquarie Bank Ltd/London 556079AB7 5075000.00000000 PA USD 4897375.00000000 0.286335927964 Long DBT CORP AU Y 2 N/A Fixed 6.12500000 N N N N Y Macquarie Bank Ltd/London Macquarie Bank Ltd/London 6.125 09/08/2168 USD XXXX N N N BlackRock Credit Allocation Income Trust WU48CSUCFTU86AQUYZ93 BlackRock Credit Allocation Income Trust 092508100 723135.00000000 NS USD 9429680.40000000 0.551327249340 Long EC RF US N 1 N N N Vornado Realty Trust N/A Vornado Realty Trust 929042844 6765.00000000 NS USD 155933.25000000 0.009116984474 Long EP CORP US N 1 N N N Affiliated Managers Group Inc 2JE75BUE3T1BLCYYGK54 Affiliated Managers Group Inc 008252850 125445.00000000 NS USD 3164977.35000000 0.185047444089 Long EP CORP US N 1 N N N COBANK ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075QAC6 14000000.00000000 PA USD 14070000.00000000 0.822633861294 Long DBT CORP US N 2 N/A Fixed 6.25000000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 Banco Santander SA AX1003505 5000000.00000000 PA USD 4868750.00000000 0.284662303637 Long DBT CORP ES N 2 N/A Variable 7.50000000 N N N N Y Banco Santander SA Banco Santander SA 7.5 05/08/2169 USD XXXX N N N Entergy Texas Inc LWXX58X12AJXISQ28573 Entergy Texas Inc 29365T302 16000.00000000 NS USD 403760.00000000 0.023606726925 Long EP CORP US N 1 N N N HARTFORD FINL SVCS GRP IU7C3FTM7Y3BQM112U94 Hartford Financial Services Group Inc/The 416515BC7 5521000.00000000 PA USD 4306380.00000000 0.251782090092 Long DBT CORP US Y 2 2047-02-12 Variable 3.81675000 N N N N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W644 193083.00000000 NS USD 5288543.37000000 0.309206457220 Long EP CORP US N 1 N N N ROYAL BK SCOTLND GRP PLC 2138005O9XJIJN4JPN90 Royal Bank of Scotland Group PLC 780097BB6 5600000.00000000 PA USD 5712000.00000000 0.333964791450 Long DBT CORP GB N 2 N/A Variable 8.62500000 N N N N Y Royal Bank of Scotland Group PLC Royal Bank of Scotland Gr 8.625 09/30/2168 USD XXXX N N N ROYAL BK SCOTLND GRP PLC 2138005O9XJIJN4JPN90 Royal Bank of Scotland Group PLC 780099CJ4 72886000.00000000 PA USD 69560940.68000000 4.067035197359 Long DBT CORP GB N 2 N/A Variable 7.50000000 N N N N Y Royal Bank of Scotland Group PLC Royal Bank of Scotland Gr 7.5 09/30/2168 USD XXXX N N N HBOS CAPITAL FUNDING LP 213800KYUD5TC7VH5419 HBOS Capital Funding LP EC9026716 4400000.00000000 PA USD 4389563.20000000 0.256645580995 Long DBT CORP JE N 2 N/A Fixed 6.85000000 N N N N N N Reinsurance Group of America Inc LORM1GNEU1DKEW527V90 Reinsurance Group of America Inc 759351703 368524.00000000 NS USD 9334712.92000000 0.545774764282 Long EP CORP US N 1 N N N AIG LIFE HOLDINGS INC 5493001FBIY3WQ6U5014 AIG Life Holdings Inc 00138GAA7 9800000.00000000 PA USD 12833274.34000000 0.750325943380 Long DBT CORP US N 2 2030-07-01 Fixed 8.50000000 N N N N N N PROGRESSIVE CORP 529900TACNVLY9DCR586 Progressive Corp/The 743315AU7 3890000.00000000 PA USD 3770654.80000000 0.220459724074 Long DBT CORP US N 2 N/A Fixed 5.37500000 N N N N N N ALLSTATE CORP OBT0W1ED8G0NWVOLOJ77 Allstate Corp/The 020002AU5 1100000.00000000 PA USD 1256167.00000000 0.073444599121 Long DBT CORP US N 2 2057-05-15 Fixed 6.50000000 N N N N N N United States Cellular Corp N/A United States Cellular Corp 911684603 11573.00000000 NS USD 297194.64000000 0.017376146002 Long EP CORP US N 1 N N N ARGENTUM (SWISS RE LTD) 724500RPEZI5VVQQWE89 Argentum Netherlands BV for Swiss Re Ltd QJ6582267 6210000.00000000 PA USD 6551550.00000000 0.383050950530 Long DBT CORP NL N 2 2050-08-15 Fixed 5.75000000 N N N N N N Prologis Inc 529900DFH19P073LZ636 Prologis Inc 74340W202 80301.00000000 NS USD 6102876.00000000 0.356818226643 Long EP CORP US N 2 N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA EJ9873484 9000000.00000000 PA USD 8825580.00000000 0.516007175093 Long DBT CORP FR N 2 N/A Variable 7.87500000 N N N N Y Societe Generale SA Societe Generale SA 7.875 06/18/2168 USD XXXX N N N ACE CAPITAL TRUST II N/A ACE Capital Trust II 00440FAA2 3598000.00000000 PA USD 5021620.66000000 0.293600226971 Long DBT CORP US N 2 2030-04-01 Fixed 9.70000000 N N N N N N BNSF FUNDING TRUST I N/A BNSF Funding Trust I 05567SAA0 25485000.00000000 PA USD 26185837.50000000 1.531013263244 Long DBT CORP US N 2 2055-12-15 Fixed 6.61300000 N N N N N N STATE STREET BANK AND TRUST COMPANY 549300H47WTHXPU08X20 Fixed Income Clearing Corp 85748R009 95561808.00000000 PA USD 95561808.00000000 5.587233767398 Long RA CORP US N 2 Repurchase N 0.00000000 2020-05-01 95561808.00000000 USD 97474734.96000000 USD UST N N N Equitable Holdings Inc 549300FIBAKMNHPZ4009 Equitable Holdings Inc 29452E200 237400.00000000 NS USD 5726088.00000000 0.334788477722 Long EP CORP US N 1 N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc 59156RBS6 36531000.00000000 PA USD 48220920.00000000 2.819343398348 Long DBT CORP US Y 2 2038-04-08 Fixed 9.25000000 N N N N N N LIBERTY MUTUAL INSURANCE CNC20I6IOMGF7KY49D67 Liberty Mutual Insurance Co 53079QAD9 6150000.00000000 PA USD 9706177.17000000 0.567493248312 Long DBT CORP US Y 2 2097-10-15 Fixed 7.69700000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC 853254BA7 16622000.00000000 PA USD 16721732.00000000 0.977673273822 Long DBT CORP GB Y 2 N/A Variable 7.50000000 N N N N Y Standard Chartered PLC Standard Chartered PLC 7.5 04/02/2169 USD XXXX N N N TRUIST FIN CORP 549300DRQQI75D2JP341 Truist Financial Corp 89832QAD1 34192000.00000000 PA USD 31964733.12000000 1.868889255987 Long DBT CORP US N 2 N/A Variable 4.80000000 N N N N N N DTE Energy Co 549300IX8SD6XXD71I78 DTE Energy Co 233331859 280000.00000000 NS USD 7151200.00000000 0.418110822237 Long EP CORP US N 1 N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC 53944YAJ2 4500000.00000000 PA USD 4342500.00000000 0.253893926273 Long DBT CORP GB N 2 N/A Variable 6.75000000 N N N N Y Lloyds Banking Group PLC Lloyds Banking Group PLC 6.75 09/27/2168 USD XXXX N N N Fifth Third Bancorp THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773860 50000.00000000 NS USD 1205000.00000000 0.070453006599 Long EP CORP US N 1 N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC 853254BH2 13000000.00000000 PA USD 13162500.00000000 0.769574854249 Long DBT CORP GB Y 2 N/A Variable 7.75000000 N N N N Y Standard Chartered PLC Standard Chartered PLC 7.75 04/02/2169 USD XXXX N N N CORESTATES CAPTL III N/A Corestates Capital III 21869MAA5 6100000.00000000 PA USD 5205580.18000000 0.304355829690 Long DBT CORP US Y 2 2027-02-15 Variable 2.26163000 N N N N N N KeyCorp RKPI3RZGV1V1FJTH5T61 KeyCorp 493267702 722103.00000000 NS USD 20522167.26000000 1.199874178764 Long EP CORP US N 1 N N N STATE STREET CORP 549300ZFEEJ2IP5VME73 State Street Corp 857477AY9 10000000.00000000 PA USD 8000000.00000000 0.467737803152 Long DBT CORP US N 2 2047-06-15 Variable 1.74050000 N N N N N N DANSKE BANK A/S MAES062Z21O4RZ2U7M96 Danske Bank A/S AM9264657 11588000.00000000 PA USD 10950660.00000000 0.640254706433 Long DBT CORP DK N 2 N/A Variable 6.12500000 N N N N Y Danske Bank A/S Danske Bank A/S 6.125 09/28/2168 USD XXXX N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG UV4180070 35100000.00000000 PA USD 36284625.00000000 2.121461348213 Long DBT CORP CH N 2 N/A Variable 6.87500000 N N N N Y UBS Group AG UBS Group AG 6.875 08/07/2168 USD XXXX N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967MK4 6200000.00000000 PA USD 5394000.00000000 0.315372213775 Long DBT CORP US N 2 N/A Fixed 4.70000000 N N N N N N NextEra Energy Capital Holdings Inc UMI46YPGBLUE4VGNNT48 NextEra Energy Capital Holdings Inc 65339K860 197288.00000000 NS USD 5247860.80000000 0.306827860230 Long EP CORP US N 1 N N N NEXTERA ENERGY CAPITAL UMI46YPGBLUE4VGNNT48 NextEra Energy Capital Holdings Inc 302570AW6 1000000.00000000 PA USD 775000.00000000 0.045312099680 Long DBT CORP US N 2 2066-10-01 Fixed 3.50088000 N N N N N N Arch Capital Group Ltd 549300AYR4P8AFKDCE43 Arch Capital Group Ltd 03939A107 9678.00000000 NS USD 241175.76000000 0.014100877519 Long EP CORP BM N 1 N N N HSBC CAPITAL FUNDING USD 213800HMY2DB765NHE46 HSBC Capital Funding Dollar 1 LP 40427LAB0 30000000.00000000 PA USD 45300000.00000000 2.648565310350 Long DBT CORP JE Y 2 N/A Fixed 10.17600000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38148BAB4 5000000.00000000 PA USD 4643750.00000000 0.271507177923 Long DBT CORP US N 2 N/A Fixed 5.37500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBG9 26000000.00000000 PA USD 25935000.00000000 1.516347490594 Long DBT CORP GB N 2 N/A Variable 8.00000000 N N N N Y Barclays PLC Barclays PLC 8 09/15/2168 USD XXXX N N N Regions Financial Corp CW05CS5KW59QTC0DG824 Regions Financial Corp 7591EP704 189200.00000000 NS USD 5015692.00000000 0.293253594671 Long EP CORP US N 1 N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG EJ9764584 17400000.00000000 PA USD 18378750.00000000 1.074554518710 Long DBT CORP CH N 2 N/A Variable 7.50000000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG 7.5 06/11/2168 USD XXXX N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC 539439AF6 2450000.00000000 PA USD 2695000.00000000 0.157569172436 Long DBT CORP GB Y 2 N/A Fixed 6.65700000 N N N N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 Charles Schwab Corp/The 808513BD6 37687000.00000000 PA USD 39100262.50000000 2.286083860554 Long DBT CORP US N 2 N/A Variable 5.37500000 N N N N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 22546DAB2 58000000.00000000 PA USD 61262500.00000000 3.581848395703 Long DBT CORP CH Y 2 N/A Variable 7.50000000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG 7.5 06/11/2168 USD XXXX N N N Prudential PLC 5493001Z3ZE83NGK8Y12 Prudential PLC EP0125823 237686.00000000 NS USD 6077631.02000000 0.355342222708 Long EP CORP GB N 1 N N N Voya Financial Inc 549300T065Z4KJ686G75 Voya Financial Inc 929089209 39705.00000000 NS USD 1025977.20000000 0.059986040201 Long EP CORP US N 1 N N N NORDEA BANK ABP 529900ODI3047E2LIV03 Nordea Bank Abp 65557DAL5 18988000.00000000 PA USD 18456336.00000000 1.079090756860 Long DBT CORP FI N 2 N/A Variable 6.12500000 N N N N Y Nordea Bank Abp Nordea Bank Abp 6.125 03/23/2169 USD XXXX N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967GF2 1000000.00000000 PA USD 1010760.00000000 0.059096332739 Long DBT CORP US N 2 N/A Fixed 5.90000000 N N N N N N SVENSKA HANDELSBANKEN AB NHBDILHZTYCNBV5UYZ31 Svenska Handelsbanken AB EK7554448 786000.00000000 PA USD 779122.50000000 0.045553130817 Long DBT CORP SE N 2 N/A Variable 5.25000000 N N N N Y Svenska Handelsbanken AB Svenska Handelsbanken AB 5.25 03/01/2169 USD XXXX N N N CITIGROUP GLOBAL MARKETS INC. MBNUM2BPBDO7JBLYG310 Morgan Stanley N/A 1.00000000 NC USD -59747742.80000000 -3.49328474507 N/A DIR CORP US N 2 CITIGROUP GLOBAL MARKETS INC. MBNUM2BPBDO7JBLYG310 N/A N/A Y 2027-07-01 0.00000000 USD 0.00000000 USD 521000000.00000000 USD -59295312.18000000 N N N American Financial Group Inc/OH 549300AFOM7IVKIU1G39 American Financial Group Inc/OH 025932807 92866.00000000 NS USD 2494380.76000000 0.145839522113 Long EP CORP US N 1 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967JM4 11500000.00000000 PA USD 11587515.00000000 0.677489851261 Long DBT CORP US N 2 N/A Fixed 5.95000000 N N N N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc 59156RBP2 4652000.00000000 PA USD 4233320.00000000 0.247510474605 Long DBT CORP US N 2 N/A Fixed 5.25000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AGF4 5500000.00000000 PA USD 5733750.00000000 0.335236453603 Long DBT CORP FR Y 2 N/A Variable 7.00000000 N N N N Y BNP Paribas SA BNP Paribas SA 7 02/16/2169 USD XXXX N N N LIBERTY MUTUAL GROUP INC QUR0DG15Z6FFGYCHH861 Liberty Mutual Group Inc 53079EAN4 30860000.00000000 PA USD 33791700.00000000 1.975706940348 Long DBT CORP US Y 2 2037-03-15 Fixed 7.80000000 N N N N N N American International Group Inc ODVCVCQG2BP6VHV36M30 American International Group Inc 026874768 4087.00000000 NS USD 105853.30000000 0.006188948749 Long EP CORP US N 1 N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505260 146274.00000000 NS USD 3803124.00000000 0.222358108109 Long EP CORP US N 1 N N N WEC ENERGY GROUP INC 549300IGLYTZUK3PVP70 WEC Energy Group Inc 976657AH9 3000000.00000000 PA USD 2446134.84000000 0.143018717034 Long DBT CORP US N 2 2067-05-15 Fixed 3.80425000 N N N N N N Synovus Financial Corp 549300EIUS8UN5JTLE54 Synovus Financial Corp 87161C709 13157.00000000 NS USD 283270.21000000 0.016562023215 Long EP CORP US N 1 N N N Interstate Power & Light Co EF9UQIIO4KY2BWOK3P26 Interstate Power & Light Co 461070856 114962.00000000 NS USD 2954523.40000000 0.172742785559 Long EP CORP US N 1 N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38144GAB7 7600000.00000000 PA USD 7068000.00000000 0.413246349085 Long DBT CORP US N 2 N/A Variable 4.95000000 N N N N N N NATIONWIDE FINANCIAL SER 5493001H7AZNDS6BKJ36 Nationwide Financial Services Inc 638612AJ0 41904000.00000000 PA USD 46541566.38000000 2.721156251731 Long DBT CORP US N 2 2037-05-15 Fixed 6.75000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967GD7 10250000.00000000 PA USD 10202132.50000000 0.596490380377 Long DBT CORP US N 2 N/A Fixed 5.95000000 N N N N N N Capital One Financial Corp ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040H782 130000.00000000 NS USD 2874300.00000000 0.168052345950 Long EP CORP US N 1 N N N METLIFE CAPITAL TRUST IV N/A MetLife Capital Trust IV 591560AA5 29600000.00000000 PA USD 36704000.00000000 2.145981040863 Long DBT CORP US Y 2 2037-12-15 Fixed 7.87500000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 Bank of America Corp 06051GHP7 2861000.00000000 PA USD 3446316.45000000 0.201496560661 Long DBT CORP US N 2 2027-06-15 Fixed 8.05000000 N N N N N N ROYAL BK SCOTLND GRP PLC 2138005O9XJIJN4JPN90 Royal Bank of Scotland Group PLC 780099CK1 14250000.00000000 PA USD 14823562.50000000 0.866692569830 Long DBT CORP GB N 2 N/A Variable 8.00000000 N N N N Y Royal Bank of Scotland Group PLC Royal Bank of Scotland Gr 8 09/30/2168 USD XXXX N N N Dairy Farmers of America Inc 1LTUIZEFFT7MUIERI838 Dairy Farmers of America Inc 23385H208 91900.00000000 NS USD 7811500.00000000 0.456716731165 Long EP CORP US Y 2 N N N Hartford Financial Services Group Inc/The IU7C3FTM7Y3BQM112U94 Hartford Financial Services Group Inc/The 416518504 287580.00000000 NS USD 7689889.20000000 0.449606485111 Long EP CORP US N 1 N N N EVEREST REINSURANCE HLDG N/A Everest Reinsurance Holdings Inc 299808AE5 1200000.00000000 PA USD 918161.82000000 0.053682374078 Long DBT CORP US N 2 2037-05-15 Fixed 4.07675000 N N N N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 Credit Agricole SA 225313AJ4 31550000.00000000 PA USD 35020500.00000000 2.047551466912 Long DBT CORP FR Y 2 N/A Variable 8.12500000 N N N N Y Credit Agricole SA Credit Agricole SA 8.125 03/23/2169 USD XXXX N N N SITE Centers Corp W2AVA6SODOQ1LCYJQR54 SITE Centers Corp 82981J802 69865.00000000 NS USD 1402190.55000000 0.081982190932 Long EP CORP US N 1 N N N BARCLAYS BANK PLC G5GSEF7VJP5I7OUK5573 Barclays Bank PLC 06740L8C2 7000000.00000000 PA USD 7341250.00000000 0.429222518424 Long DBT CORP GB N 2 2022-11-21 Fixed 7.62500000 N N N N Y Barclays Bank PLC Barclays Bank PLC 7.625 11/21/2022 USD XXXX N N N NORDEA BANK ABP 529900ODI3047E2LIV03 Nordea Bank Abp 65559CAA9 26400000.00000000 PA USD 26565000.00000000 1.553181842592 Long DBT CORP FI Y 2 N/A Variable 6.62500000 N N N N Y Nordea Bank Abp Nordea Bank Abp 6.625 09/26/2168 USD XXXX N N N AT&T Inc 549300Z40J86GGSTL398 AT&T Inc 00206R706 578314.00000000 NS USD 13307005.14000000 0.778023668840 Long EP CORP US N 1 N N N Morgan Stanley 7PDDXEMZ0ZV0CEDU4D16 Morgan Stanley N/A 1.00000000 NC USD -14004221.75000000 -0.81878798952 N/A DIR CORP US N 2 Morgan Stanley 7PDDXEMZ0ZV0CEDU4D16 N/A N/A Y 2028-07-01 0.00000000 USD 0.00000000 USD 90000000.00000000 USD -13898313.00000000 N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG QZ1261762 14500000.00000000 PA USD 14601500.00000000 0.853709191591 Long DBT CORP CH N 2 N/A Variable 7.12500000 N N N N Y UBS Group AG UBS Group AG 7.125 08/10/2168 USD XXXX N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG 90352JAF0 3000000.00000000 PA USD 3086100.00000000 0.180435704288 Long DBT CORP CH Y 2 N/A Variable 7.00000000 N N N N Y UBS Group AG UBS Group AG 7 07/31/2168 USD XXXX N N N VOYA FINANCIAL INC 549300T065Z4KJ686G75 Voya Financial Inc 45685EAG1 24870000.00000000 PA USD 24372600.00000000 1.424998297639 Long DBT CORP US N 2 2053-05-15 Fixed 5.65000000 N N N N N N AT&T Inc 549300Z40J86GGSTL398 AT&T Inc 00206R508 15700.00000000 NS USD 395169.00000000 0.023104434991 Long EP CORP US N 1 N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W107 428.00000000 NS USD 10721.40000000 0.000626850510 Long EP CORP US N 1 N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA EJ5119353 900000.00000000 PA USD 893250.00000000 0.052225849083 Long DBT CORP FR N 2 N/A Fixed 5.50000000 N N N N N N LINCOLN NATIONAL CORP EFQMQROEDSNBRIP7LE47 Lincoln National Corp 534187AU3 10390000.00000000 PA USD 6857400.00000000 0.400933151417 Long DBT CORP US N 2 2067-04-20 Fixed 3.17525000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC QZ2259237 4700000.00000000 PA USD 4728200.00000000 0.276444735108 Long DBT CORP GB N 2 N/A Variable 7.50000000 N N N N Y Standard Chartered PLC Standard Chartered PLC 7.5 04/02/2169 USD XXXX N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC QZ3177313 31100000.00000000 PA USD 30789000.00000000 1.800147402657 Long DBT CORP GB N 2 N/A Variable 7.87500000 N N N N Y Barclays PLC Barclays PLC 7.875 12/15/2168 USD XXXX N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 Charles Schwab Corp/The 808513AE5 18700000.00000000 PA USD 19494750.00000000 1.139803942250 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N UNICREDIT SPA 549300TRUWO2CD2G5692 UniCredit SpA EK1429340 15000000.00000000 PA USD 13588620.00000000 0.794488908334 Long DBT CORP IT N 2 N/A Variable 8.00000000 N N N N Y UniCredit SpA UniCredit SpA 8 06/03/2168 USD XXXX N N N AIG LIFE HOLDINGS INC 5493001FBIY3WQ6U5014 AIG Life Holdings Inc 00138GAC3 5000000.00000000 PA USD 6250000.00000000 0.365420158712 Long DBT CORP US Y 2 2046-03-15 Fixed 8.12500000 N N N N N N Southern Co/The 549300FC3G3YU2FBZD92 Southern Co/The 842587800 190878.00000000 NS USD 4708960.26000000 0.275319840893 Long EP CORP US N 1 N N N SOUTHERN CO 549300FC3G3YU2FBZD92 Southern Co/The 842587CY1 6000000.00000000 PA USD 6039201.00000000 0.353095326066 Long DBT CORP US N 2 2057-03-15 Fixed 5.50000000 N N N N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AL2 3000000.00000000 PA USD 2955000.00000000 0.172770651039 Long DBT CORP CH Y 2 N/A Variable 6.37500000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG 6.375 02/21/2169 USD XXXX N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225436AA2 4900000.00000000 PA USD 5022500.00000000 0.293651639541 Long DBT CORP CH Y 2 N/A Variable 6.25000000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG 6.25 12/18/2168 USD XXXX N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC 539439AG4 48428000.00000000 PA USD 47459440.00000000 2.774821775555 Long DBT CORP GB N 2 N/A Variable 7.50000000 N N N N Y Lloyds Banking Group PLC Lloyds Banking Group PLC 7.5 06/27/2168 USD XXXX N N N Telephone and Data Systems Inc N/A Telephone and Data Systems Inc 879433795 1860.00000000 NS USD 44379.60000000 0.002594752076 Long EP CORP US N 1 N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AAQ6 58750000.00000000 PA USD 59778125.00000000 3.495061108008 Long DBT CORP FR Y 2 N/A Variable 7.62500000 N N N N Y BNP Paribas SA BNP Paribas SA 7.625 09/30/2168 USD XXXX N N N DANSKE BANK A/S MAES062Z21O4RZ2U7M96 Danske Bank A/S AT2149405 600000.00000000 PA USD 586500.00000000 0.034291027693 Long DBT CORP DK N 2 N/A Fixed 7.00000000 N N N N Y Danske Bank A/S Danske Bank A/S 7 12/26/2168 USD XXXX N N N Public Storage 549300LMZF40TKJ6DM64 Public Storage 74460W875 2979.00000000 NS USD 75309.12000000 0.004403115293 Long EP CORP US N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48128B655 5274.00000000 NS USD 140552.10000000 0.008217691310 Long EP CORP US N 1 N N N LINCOLN NATIONAL CORP EFQMQROEDSNBRIP7LE47 Lincoln National Corp 534187AS8 2400000.00000000 PA USD 1632000.00000000 0.095418511843 Long DBT CORP US N 2 2066-05-17 Fixed 4.04925000 N N N N N N Fifth Third Bancorp THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773605 84563.00000000 NS USD 2257832.10000000 0.132009178292 Long EP CORP US N 1 N N N Allstate Corp/The OBT0W1ED8G0NWVOLOJ77 Allstate Corp/The 020002309 608741.00000000 NS USD 15784654.13000000 0.922884930785 Long EP CORP US N 1 N N N Telephone and Data Systems Inc N/A Telephone and Data Systems Inc 879433837 42523.00000000 NS USD 1041813.50000000 0.060911944723 Long EP CORP US N 1 N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AK4 12000000.00000000 PA USD 11970000.00000000 0.699852687966 Long DBT CORP CH Y 2 N/A Variable 7.25000000 N N N N Y Credit Suisse Group AG Credit Suisse Group AG 7.25 03/12/2169 USD XXXX N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JP Morgan Chase & Company 48126HAA8 4000000.00000000 PA USD 4040000.00000000 0.236207590591 Long DBT CORP US N 2 N/A Fixed 6.00000000 N N N N N N CITIZENS FINANCIAL GROUP 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610AQ8 3400000.00000000 PA USD 3213000.00000000 0.187855195191 Long DBT CORP US N 2 N/A Fixed 6.37500000 N N N N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA 054536AC1 17819000.00000000 PA USD 22006465.00000000 1.286656949281 Long DBT CORP FR Y 2 N/A Fixed 6.37900000 N N N N N N SWISS RE FINANCE LUX 549300CLQZ6TM98LW631 Swiss Re Finance Luxembourg SA 87089NAA8 24400000.00000000 PA USD 26599025.60000000 1.555171225017 Long DBT CORP LU Y 2 2049-04-02 Variable 5.00000000 N N N N N N AON CORP LTS3U8DGK38SETRUWX71 Aon Corp 037389AK9 2299000.00000000 PA USD 2768835.14000000 0.161886108209 Long DBT CORP US N 2 2027-01-01 Fixed 8.20500000 N N N N N N LEGAL & GENERAL GROUP 213800JH9QQWHLO99821 Legal & General Group PLC AM7838908 31200000.00000000 PA USD 32757379.20000000 1.915233073004 Long DBT CORP GB N 2 2047-03-21 Variable 5.25000000 N N N N N N Morgan Stanley IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61762V606 622802.00000000 NS USD 16429516.76000000 0.960588259522 Long EP CORP US N 1 N N N TRANSCANADA TRUST N/A Transcanada Trust 89356BAE8 1500000.00000000 PA USD 1410000.00000000 0.082438787805 Long DBT CORP CA N 2 2079-09-15 Fixed 5.50000000 N N N N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC 539439AE9 1000000.00000000 PA USD 1100000.00000000 0.064313947933 Long DBT CORP GB N 2 N/A Fixed 6.65700000 N N N N N N ENTERPRISE PRODUCTS OPER 5493004LGN656HWLDA30 Enterprise Products Operating LLC 29379VBR3 3400000.00000000 PA USD 2949534.00000000 0.172451069185 Long DBT CORP US N 2 2078-02-15 Fixed 5.37500000 N N N N N N Arch Capital Group Ltd 549300AYR4P8AFKDCE43 Arch Capital Group Ltd 03939A206 44268.00000000 NS USD 1067301.48000000 0.062402156194 Long EP CORP BM N 1 N N N CoBank ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075Q862 53000.00000000 NS USD 5472250.00000000 0.319947274162 Long EP CORP US N 2 N N N ING GROEP NV 549300NYKK9MWM7GGW15 ING Groep NV 456837AF0 26700000.00000000 PA USD 26473050.00000000 1.547805781217 Long DBT CORP NL N 2 N/A Variable 6.50000000 N N N N Y ING Groep NV ING Groep NV 6.5 10/16/2168 USD XXXX N N N Integrys Holding Inc 549300J4ZRR1SZF4ES33 Integrys Holding Inc 45822P204 299756.00000000 NS USD 7493900.00000000 0.438147540380 Long EP CORP US N 2 N N N NORDEA BANK ABP 529900ODI3047E2LIV03 Nordea Bank Abp 65557CAN3 35090000.00000000 PA USD 34107480.00000000 1.994169720783 Long DBT CORP FI Y 2 N/A Variable 6.12500000 N N N N Y Nordea Bank Abp Nordea Bank Abp 6.125 03/23/2169 USD XXXX N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG JK4458820 11700000.00000000 PA USD 11743875.00000000 0.686631786624 Long DBT CORP CH N 2 N/A Variable 6.87500000 N N N N Y UBS Group AG UBS Group AG 6.875 03/22/2169 USD XXXX N N N Duke Energy Corp I1BZKREC126H0VB1BL91 Duke Energy Corp 26441C501 152276.00000000 NS USD 4201294.84000000 0.245638052357 Long EP CORP US N 1 N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 05946KAG6 17800000.00000000 PA USD 16175750.00000000 0.945751221167 Long DBT CORP ES N 2 N/A Variable 6.50000000 N N N N Y Banco Bilbao Vizcaya Argentaria SA Banco Bilbao Vizcaya Arge 6.5 12/05/2168 USD XXXX N N N EMERA INC NQZVQT2P5IUF2PGA1Q48 Emera Inc 290876AD3 7955000.00000000 PA USD 8408474.78000000 0.491620190182 Long DBT CORP CA N 2 2076-06-15 Fixed 6.75000000 N N N N N N DOMINION ENERGY INC ILUL7B6Z54MRYCF6H308 Dominion Energy Inc 25746UDD8 36020000.00000000 PA USD 35029450.00000000 2.048074748579 Long DBT CORP US N 2 N/A Variable 4.65000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 06423AAJ2 3600000.00000000 PA USD 5076053.86000000 0.296782785144 Long DBT CORP US N 2 2030-09-01 Fixed 8.75000000 N N N N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 Bank of America Corp 06053U601 161300.00000000 NS USD 4166379.00000000 0.243596620070 Long EP CORP US N 1 N N N Alabama Power Co 0RL818ELFOHP5JHOFU19 Alabama Power Co 010392462 154334.00000000 NS USD 4122261.14000000 0.241017171205 Long EP CORP US N 1 N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC EH6988461 4469000.00000000 PA USD 4670105.00000000 0.273048081648 Long DBT CORP GB N 2 N/A Fixed 6.41300000 N N N N N N WR Berkley Corp SQOAGCLKBDWNVYV1OV80 WR Berkley Corp 084423607 2836.00000000 NS USD 72261.28000000 0.004224916545 Long EP CORP US N 1 N N N KONINKLIJKE KPN NV 549300YO0JZHAL7FVP81 Koninklijke KPN NV 50048VAA8 1600000.00000000 PA USD 1656000.00000000 0.096821725252 Long DBT CORP NL Y 2 2073-03-28 Variable 7.00000000 N N N N N N PPL CAPITAL FUNDING INC 549300MROK5WY0D2NU17 PPL Capital Funding Inc 69352PAC7 21482000.00000000 PA USD 16326320.00000000 0.954554631295 Long DBT CORP US N 2 2067-03-30 Fixed 4.03963000 N N N N N N Farm Credit Bank of Texas V1EBJIOLRNYDHDF63Z33 Farm Credit Bank of Texas 30767E406 177750.00000000 NS USD 17775000.00000000 1.039254931379 Long EP USGSE US Y 2 N N N Capital One Financial Corp ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040H824 50338.00000000 NS USD 1167841.60000000 0.068280458051 Long EP CORP US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HKK5 10300000.00000000 PA USD 9778562.50000000 0.571725417717 Long DBT CORP US N 2 N/A Fixed 5.30000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AAN3 38585000.00000000 PA USD 40080168.75000000 2.343376260137 Long DBT CORP FR Y 2 N/A Variable 7.37500000 N N N N Y BNP Paribas SA BNP Paribas SA 7.375 02/19/2169 USD XXXX N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 617474AA9 3900000.00000000 PA USD 3588000.00000000 0.209780404713 Long DBT CORP US N 2 N/A Fixed 5.55000000 N N N N N N BANK OF NY MELLON CORP WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp/The 064058AD2 5400000.00000000 PA USD 5170500.00000000 0.302304788899 Long DBT CORP US N 2 N/A Fixed 4.95000000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BN8 4800000.00000000 PA USD 4668000.00000000 0.272925008139 Long DBT CORP GB N 2 N/A Variable 6.25000000 N N N N Y HSBC Holdings PLC HSBC Holdings PLC 6.25 09/23/2168 USD XXXX N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38148BAE8 6000000.00000000 PA USD 6097500.00000000 0.356503906840 Long DBT CORP US N 2 N/A Fixed 5.50000000 N N N N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 Credit Agricole SA JV6342804 4466000.00000000 PA USD 4957260.00000000 0.289837237756 Long DBT CORP FR N 2 N/A Variable 8.12500000 N N N N Y Credit Agricole SA Credit Agricole SA 8.125 03/23/2169 USD XXXX N N N CITIZENS FINANCIAL GROUP 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610AP0 10000000.00000000 PA USD 8550000.00000000 0.499894777119 Long DBT CORP US N 2 N/A Fixed 6.00000000 N N N N N N Wells Fargo & Co PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746804 12640.00000000 NS USD 17681337.60000000 1.033778750727 Long EP CORP US N 1 N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746TB7 25580000.00000000 PA USD 32834723.85000000 1.919755200089 Long DBT CORP US N 2 2029-11-15 Fixed 7.95000000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505EN0 12300000.00000000 PA USD 13020780.00000000 0.761288879066 Long DBT CORP US N 2 N/A Fixed 6.10000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA UV5159024 10000000.00000000 PA USD 10387500.00000000 0.607328303780 Long DBT CORP FR N 2 N/A Variable 7.37500000 N N N N Y BNP Paribas SA BNP Paribas SA 7.375 02/19/2169 USD XXXX N N N LLOYDS BANK PLC H7FNTJ4851HG0EXQ1Z70 Lloyds Bank PLC N/A 13300000.00000000 PA USD 14941220.00000000 0.873571677402 Long DBT CORP GB N 2 N/A Fixed 12.00000000 N N N N N N BNP PARIBAS SECURITIES CORP/BOND R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 913ZLW006 -193000000.00000000 PA USD -193000000.00000000 -11.2841745010 Short RA CORP FR N N/A Reverse repurchase N 1.71625000 2021-09-28 194210371.00 USD 202948653.62 USD CDS 811997.00 USD 20866054.13 USD EQT N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC 853254AB6 25000000.00000000 PA USD 26375000.00000000 1.542073069768 Long DBT CORP GB Y 2 N/A Fixed 7.01400000 N N N N N N INTESA SANPAOLO SPA 2W8N8UU78PMDQKZENC08 Intesa Sanpaolo SpA 46115HAU1 9600000.00000000 PA USD 8928000.00000000 0.521995388318 Long DBT CORP IT Y 2 N/A Variable 7.70000000 N N N N Y Intesa Sanpaolo SpA Intesa Sanpaolo SpA 7.7 03/17/2169 USD XXXX N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475AK1 28700000.00000000 PA USD 29112706.00000000 1.702139143532 Long DBT CORP US N 2 N/A Fixed 6.75000000 N N N N N N 2020-04-30 Nuveen Preferred & Income Securities Fund E. Scott Wickerham E. Scott Wickerham Funds Treasurer XXXX NPORT-EX 2 JPS.htm
JPS
Nuveen Preferred & Income Securities Fund
Portfolio of Investments    April 30, 2020
(Unaudited)
Principal
Amount (000)/
Shares  		  Description (1)     Coupon Maturity Ratings (2) Value
    LONG-TERM INVESTMENTS – 148.1% (96.4% of Total Investments)            
    $1,000 PAR (OR SIMILAR) INSTITUTIONAL PREFERRED – 66.8% (43.5% of Total Investments)            
    Banks  –  23.1%            
$12,300   Bank of America Corp     6.100% N/A (3) BBB $13,020,780
19,300   Bank of America Corp, (4)     6.500% N/A (3) BBB 20,554,500
13,000   Citigroup Inc     6.125% N/A (3) BBB- 12,615,200
6,200   Citigroup Inc     4.700% N/A (3) BBB- 5,394,000
11,500   Citigroup Inc     5.950% N/A (3) BBB- 11,587,515
13,940   Citigroup Inc     5.950% N/A (3) BBB- 12,844,316
24,389   Citizens Financial Group Inc, (3-Month LIBOR reference rate + 3.960% spread), (5)     5.333% N/A (3) BB+ 20,608,705
3,400   Citizens Financial Group Inc, (6)     6.375% N/A (3) BB+ 3,213,000
14,000   CoBank ACB, 144A, (4)     6.250% N/A (3) BBB+ 14,070,000
6,100   Corestates Capital III, 144A, (6)     0.962% 2/15/27 A1 5,205,580
1,250   DNB Bank ASA     0.613% 2/18/69 Baa2 851,563
1,250   DNB Bank ASA     1.740% 2/24/69 Baa2 851,563
4,400   HBOS Capital Funding LP, Reg S     6.850% 6/23/68 AA 4,389,563
30,000   HSBC Capital Funding Dollar 1 LP, 144A, (4)     10.176% N/A (3) Baa2 45,300,000
54,000   JPMorgan Chase & Co, (4)     6.750% N/A (3) BBB+ 57,973,320
10,300   JPMorgan Chase & Co, (3-Month LIBOR reference rate + 3.800% spread), (5)     4.487% N/A (3) BBB+ 9,778,562
7,000   JPMorgan Chase & Co, (6)     6.100% N/A (3) BBB+ 7,175,000
8,000   KeyCorp Capital III     7.750% 7/15/29 Baa2 9,947,146
13,300   Lloyds Bank PLC, Reg S     12.000% 6/16/68 Baa3 14,941,220
2,450   Lloyds Banking Group PLC, Reg S, 144A     6.657% N/A (3) Baa3 2,695,000
28,700   PNC Financial Services Group Inc, (4)     6.750% N/A (3) Baa2 29,112,706
25,000   Standard Chartered PLC, 144A, (4)     7.014% N/A (3) BBB- 26,375,000
35,592   Truist Financial Corp, (4)     4.800% N/A (3) Baa2 33,273,537
25,580   Wells Fargo & Co, (6)     7.950% 11/15/29 Baa1 32,834,724
    Total Banks           394,612,500
    Capital Markets  –  5.6%            
5,400   Bank of New York Mellon Corp/The, (4)     4.950% N/A (3) Baa1 5,170,500
18,700   Charles Schwab Corp, (4)     7.000% N/A (3) BBB 19,494,750
37,687   Charles Schwab Corp     5.375% N/A (3) BBB 39,100,262
5,000   Goldman Sachs Group Inc, (3-Month LIBOR reference rate + 3.922% spread), (5), (6)     4.370% N/A (3) BBB- 4,643,750
6,000   Goldman Sachs Group Inc     5.500% N/A (3) BBB- 6,097,500
1
JPS Nuveen Preferred & Income Securities Fund (continued)
  Portfolio of Investments April 30, 2020
  (Unaudited)
Principal
Amount (000)/
Shares  		  Description (1)     Coupon Maturity Ratings (2) Value
    Capital Markets (continued)            
$7,600   Goldman Sachs Group Inc/The     4.950% N/A (3) BBB- $7,068,000
3,900   Morgan Stanley     5.550% N/A (3) BBB- 3,588,000
10,000   State Street Corp     1.313% 6/15/47 A3 8,000,000
2,600   State Street Corp     5.250% N/A (3) Baa1 2,465,060
    Total Capital Markets           95,627,822
    Consumer Finance  –  0.8%            
16,987   Capital One Financial Corp, (3-Month LIBOR reference rate + 3.800% spread), (4), (5)     4.150% N/A (3) Baa3 14,184,145
    Diversified Financial Services  –  2.8%            
2,861   Bank of America Corp, (6)     8.050% 6/15/27 Baa2 3,446,316
10,250   Citigroup Inc     5.950% N/A (3) BBB- 10,202,133
1,000   Citigroup Inc     5.900% N/A (3) BBB- 1,010,760
4,000   JP Morgan Chase & Company     6.000% N/A (3) BBB+ 4,040,000
24,870   Voya Financial Inc, (4), (6)     5.650% 5/15/53 BBB- 24,372,600
5,000   Voya Financial Inc     6.125% N/A (3) BBB- 4,950,000
    Total Diversified Financial Services           48,021,809
    Electric Utilities  –  2.9%            
7,800   Duke Energy Corp     4.875% N/A (3) BBB 7,722,000
7,955   Emera Inc, (6)     6.750% 6/15/76 BB+ 8,408,475
1,000   NextEra Energy Capital Holdings Inc, (6)     3.501% 10/01/66 BBB 775,000
11,450   NextEra Energy Capital Holdings Inc, (6)     2.438% 6/15/67 BBB 8,424,449
1,600   NextEra Energy Capital Holdings Inc, (4)     4.800% 12/01/77 BBB 1,598,449
21,482   PPL Capital Funding Inc, (6)     4.040% 3/30/67 BBB 16,326,320
6,000   Southern Co/The     5.500% 3/15/57 BBB 6,039,201
    Total Electric Utilities           49,293,894
    Food Products  –  0.3%            
6,705   Dairy Farmers of America Inc, 144A, (6)     7.125% N/A (3) BB+ 5,531,625
    Insurance  –  26.0%            
3,598   ACE Capital Trust II     9.700% 4/01/30 BBB+ 5,021,621
9,800   AIG Life Holdings Inc, (6)     8.500% 7/01/30 Baa2 12,833,274
4,400   Allstate Corp/The, (6)     5.750% 8/15/53 Baa1 4,473,472
1,100   Allstate Corp/The, (4)     6.500% 5/15/57 Baa1 1,256,167
13,300   American International Group Inc, (6)     5.750% 4/01/48 Baa2 13,509,737
13,605   American International Group Inc, (6)     8.175% 5/15/58 Baa2 16,734,150
2,299   Aon Corp, (6)     8.205% 1/01/27 BBB 2,768,835
6,210   Argentum Netherlands BV for Swiss Re Ltd, Reg S, (6)     5.750% 8/15/50 BBB+ 6,551,550
2,100   Argentum Netherlands BV for Swiss Re Ltd, Reg S     5.625% 8/15/52 BBB+ 2,215,151
16,550   AXA SA, (4), (6)     8.600% 12/15/30 A3 22,980,019
2
Principal
Amount (000)/
Shares  		  Description (1)     Coupon Maturity Ratings (2) Value
    Insurance (continued)            
$17,819   AXA SA, 144A, (6)     6.379% N/A (3) Baa1 $22,006,465
900   AXA SA, Reg S     5.500% 7/22/68 A3 893,250
1,200   AXIS Specialty Finance LLC     4.900% 1/15/40 BBB 1,050,000
14,550   Cloverie PLC for Zurich Insurance Co Ltd, Reg S     5.625% 6/24/46 A 16,058,893
1,200   Everest Reinsurance Holdings Inc, (6)     2.777% 5/15/37 BBB 918,162
5,521   Hartford Financial Services Group Inc/The, 144A, (6)     2.517% 2/12/47 BBB- 4,306,380
31,200   Legal & General Group PLC, Reg S     5.250% 3/21/47 A3 32,757,379
30,860   Liberty Mutual Group Inc, 144A, (6)     7.800% 3/15/37 Baa3 33,791,700
2,400   Lincoln National Corp     2.743% 5/17/66 BBB 1,632,000
10,390   Lincoln National Corp, (6)     3.175% 4/20/67 BBB 6,857,400
19,800   M&G PLC, Reg S     6.500% 10/20/48 A3 21,817,382
29,600   MetLife Capital Trust IV, 144A, (4), (6)     7.875% 12/15/37 BBB 36,704,000
36,531   MetLife Inc, 144A, (6)     9.250% 4/08/38 BBB 48,220,920
3,000   MetLife Inc, (6)     10.750% 8/01/39 BBB 4,567,710
4,652   MetLife Inc     3.888% N/A (3) BBB 4,233,320
41,904   Nationwide Financial Services Inc, (6)     6.750% 5/15/37 Baa2 46,541,566
3,890   Progressive Corp/The     5.375% N/A (3) BBB+ 3,770,655
6,225   Prudential Financial Inc, (6)     5.875% 9/15/42 BBB+ 6,558,536
27,180   Prudential Financial Inc, (6)     5.625% 6/15/43 BBB+ 28,049,760
24,400   Swiss Re Finance Luxembourg SA, 144A, (4)     5.000% 4/02/49 A 26,599,026
8,700   Willow No 2 Ireland PLC for Zurich Insurance Co Ltd, Reg S     4.250% 10/01/45 A 8,834,815
    Total Insurance           444,513,295
    Machinery  –  0.3%            
5,700   Stanley Black & Decker Inc     4.000% 3/15/60 BBB+ 5,501,742
    Multi-Utilities  –  2.9%            
36,020   Dominion Energy Inc, (4)     4.650% N/A (3) BBB- 35,029,450
12,400   NiSource Inc     5.650% N/A (3) BBB- 11,408,000
3,000   WEC Energy Group Inc, (6)     2.505% 5/15/67 BBB 2,446,135
    Total Multi-Utilities           48,883,585
    Oil, Gas & Consumable Fuels  –  0.4%            
3,000   Enterprise Products Operating LLC, (6)     5.250% 8/16/77 Baa2 2,699,100
3,400   Enterprise Products Operating LLC     5.375% 2/15/78 Baa2 2,949,534
3
JPS Nuveen Preferred & Income Securities Fund (continued)
  Portfolio of Investments April 30, 2020
  (Unaudited)
Principal
Amount (000)/
Shares  		  Description (1)     Coupon Maturity Ratings (2) Value
    Oil, Gas & Consumable Fuels (continued)            
$1,500   Transcanada Trust, (6)     5.500% 9/15/79 BBB $1,410,000
    Total Oil, Gas & Consumable Fuels           7,058,634
    Road & Rail  –  1.5%            
25,485   BNSF Funding Trust I, (4)     6.613% 12/15/55 A- 26,185,837
    U.S. Agency  –  0.2%            
4,000   Farm Credit Bank of Texas, 144A     6.200% N/A (3) BBB+ 3,625,000
    Total $1,000 Par (or similar) Institutional Preferred (cost $1,101,635,974)           1,143,039,888
    
Principal
Amount (000) 		  Description (1) Coupon Maturity Ratings (2) Value
    CONTINGENT CAPITAL SECURITIES – 58.2% (37.9% of Total Investments) (7)        
    Banks – 47.5%        
$17,800   Banco Bilbao Vizcaya Argentaria SA, (4) 6.500% N/A (3) BB+ $16,175,750
5,000   Banco Santander SA, Reg S, (6) 7.500% N/A (3) Ba1 4,868,750
7,000   Barclays Bank PLC, (6) 7.625% N/A (3) BBB+ 7,341,250
26,000   Barclays PLC 8.000% N/A (3) BBB- 25,935,000
63,300   Barclays PLC 7.750% N/A (3) BBB- 61,084,500
31,100   Barclays PLC, Reg S 7.875% N/A (3) BBB- 30,789,000
58,750   BNP Paribas SA, 144A 7.625% N/A (3) BBB- 59,778,125
5,500   BNP Paribas SA, 144A 7.000% N/A (3) BBB- 5,733,750
10,000   BNP Paribas SA 7.375% N/A (3) BBB- 10,387,500
38,585   BNP Paribas SA, Reg S, 144A, (6) 7.375% N/A (3) BBB- 40,080,169
19,653   Credit Agricole SA, 144A, (4) 7.875% N/A (3) BBB 20,881,312
31,550   Credit Agricole SA, 144A 8.125% N/A (3) BBB 35,020,500
4,466   Credit Agricole SA, Reg S, (6) 8.125% N/A (3) BBB 4,957,260
11,588   Danske Bank A/S, Reg S, (6) 6.125% N/A (3) BBB- 10,950,660
600   Danske Bank A/S, Reg S 7.000% N/A (3) BBB- 586,500
13,300   DNB Bank ASA, Reg S 6.500% N/A (3) BBB 13,399,750
4,800   HSBC Holdings PLC, (6) 6.250% N/A (3) BBB 4,668,000
1,600   HSBC Holdings PLC, (6) 6.000% N/A (3) BBB 1,570,664
26,300   HSBC Holdings PLC, (4) 6.875% N/A (3) BBB 26,365,750
26,700   ING Groep NV 6.500% N/A (3) BBB 26,473,050
9,700   ING Groep NV, Reg S, (6) 6.875% N/A (3) BBB 9,675,750
9,600   Intesa Sanpaolo SpA, 144A 7.700% N/A (3) BB- 8,928,000
48,428   Lloyds Banking Group PLC 7.500% N/A (3) Baa3 47,459,440
4,500   Lloyds Banking Group PLC, (6) 6.750% N/A (3) Baa3 4,342,500
5,075   Macquarie Bank Ltd/London, 144A, (6) 6.125% N/A (3) BB+ 4,897,375
26,400   Nordea Bank Abp, 144A 6.625% N/A (3) BBB+ 26,565,000
35,090   Nordea Bank Abp, 144A, (4) 6.125% N/A (3) BBB+ 34,107,480
4
Principal
Amount (000) 		  Description (1) Coupon Maturity Ratings (2) Value
    Banks (continued)        
$18,988   Nordea Bank Abp, Reg S, (4) 6.125% N/A (3) BBB+ $18,456,336
72,886   Royal Bank of Scotland Group PLC, (6) 7.500% N/A (3) BBB- 69,560,941
14,250   Royal Bank of Scotland Group PLC 8.000% N/A (3) BBB- 14,823,562
5,600   Royal Bank of Scotland Group PLC 8.625% N/A (3) BBB- 5,712,000
1,000   Skandinaviska Enskilda Banken AB, Reg S 5.625% N/A (3) BBB+ 990,750
4,550   Societe Generale SA, 144A 6.750% N/A (3) BB+ 4,268,492
11,350   Societe Generale SA, 144A, (6) 7.375% N/A (3) BB+ 11,080,437
73,300   Societe Generale SA, 144A, (4) 8.000% N/A (3) BB+ 74,399,500
9,000   Societe Generale SA, Reg S 7.875% N/A (3) BBB- 8,825,580
16,622   Standard Chartered PLC, 144A 7.500% N/A (3) BBB- 16,721,732
13,000   Standard Chartered PLC, 144A, (4) 7.750% N/A (3) BBB- 13,162,500
4,700   Standard Chartered PLC, Reg S 7.500% N/A (3) BBB- 4,728,200
786   Svenska Handelsbanken AB, Reg S, (6) 5.250% N/A (3) A- 779,123
12,000   Swedbank AB, Reg S, (6) 6.000% N/A (3) BBB 11,731,152
15,000   UniCredit SpA, Reg S 8.000% N/A (3) BB- 13,588,620
815,417   Total Banks       811,851,710
    Capital Markets – 10.7%        
58,000   Credit Suisse Group AG, 144A, (4), (6) 7.500% N/A (3) BB+ 61,262,500
4,900   Credit Suisse Group AG, 144A 6.250% N/A (3) BB+ 5,022,500
11,000   Credit Suisse Group AG, 144A 7.500% N/A (3) BB+ 11,110,000
3,000   Credit Suisse Group AG, 144A 6.375% N/A (3) BB+ 2,955,000
12,000   Credit Suisse Group AG, 144A 7.250% N/A (3) BB+ 11,970,000
17,400   Credit Suisse Group AG, Reg S 7.500% N/A (3) BB+ 18,378,750
6,700   Credit Suisse Group AG, Reg S 7.125% N/A (3) BB+ 6,740,334
3,000   UBS Group AG, 144A, (6) 7.000% N/A (3) BBB 3,086,100
35,100   UBS Group AG, Reg S, (6) 6.875% N/A (3) BBB 36,284,625
14,500   UBS Group AG, Reg S 7.125% N/A (3) BBB 14,601,500
11,700   UBS Group AG, Reg S 6.875% N/A (3) BBB 11,743,875
177,300   Total Capital Markets       183,155,184
$992,717   Total Contingent Capital Securities (cost $1,003,681,238)       995,006,894
    
Shares   Description (1)     Coupon   Ratings (2) Value
    $25 PAR (OR SIMILAR) RETAIL PREFERRED – 18.8% (12.2% of Total Investments)            
    Banks – 7.2%            
161,300   Bank of America Corp     5.375%   BBB $4,166,379
146,274   Bank of America Corp     6.000%   BBB 3,803,124
346,088   Citigroup Inc     6.875%   BBB- 9,468,968
8,214   Citigroup Inc     6.300%   BBB- 209,785
47,500   CoBank ACB, 144A, (8)     6.250%   BBB+ 4,797,500
53,000   CoBank ACB, (8)     6.200%   BBB+ 5,472,250
5
JPS Nuveen Preferred & Income Securities Fund (continued)
  Portfolio of Investments April 30, 2020
  (Unaudited)
Shares   Description (1)     Coupon   Ratings (2) Value
    Banks (continued)            
177,750   Farm Credit Bank of Texas, 144A, (4), (6), (8)     6.750%   Baa1 $17,775,000
84,563   Fifth Third Bancorp     6.625%   Baa3 2,257,832
50,000   Fifth Third Bancorp     4.950%   Baa3 1,205,000
9,474   JPMorgan Chase & Co     5.750%   BBB+ 252,482
722,103   KeyCorp     6.125%   Baa3 20,522,167
1,592,952   PNC Financial Services Group Inc/The, (6)     6.125%   Baa2 41,990,215
189,200   Regions Financial Corp, (6)     5.700%   BB+ 5,015,692
13,157   Synovus Financial Corp     5.875%   BB- 283,270
249,285   Wells Fargo & Co     5.850%   Baa2 6,304,418
    Total Banks           123,524,082
    Capital Markets – 1.8%            
125,445   Affiliated Managers Group Inc     5.875%   Baa1 3,164,977
369,239   Goldman Sachs Group Inc     5.500%   Ba1 9,323,285
80   Morgan Stanley     4.000%   BBB- 1,680
622,802   Morgan Stanley     5.850%   BBB- 16,429,517
12,000   Northern Trust Corp     4.700%   BBB+ 300,720
74,642   State Street Corp     5.900%   Baa1 1,951,142
    Total Capital Markets           31,171,321
    Consumer Finance – 0.2%            
50,338   Capital One Financial Corp, (6)     5.000%   Baa3 1,167,842
130,000   Capital One Financial Corp, (6)     4.800%   Baa3 2,874,300
    Total Consumer Finance           4,042,142
    Diversified Financial Services – 1.8%            
105,300   AgriBank FCB, (4), (8)     6.875%   BBB+ 10,530,000
237,400   Equitable Holdings Inc, (6)     5.250%   BBB- 5,726,088
472,073   National Rural Utilities Cooperative Finance Corp     5.500%   A3 12,948,963
39,705   Voya Financial Inc, (6)     5.350%   BBB- 1,025,977
    Total Diversified Financial Services           30,231,028
    Diversified Telecommunication Services – 0.8%            
578,314   AT&T Inc, (6)     4.750%   BBB 13,307,005
15,700   AT&T Inc, (6)     5.000%   BBB 395,169
    Total Diversified Telecommunication Services           13,702,174
    Electric Utilities – 1.8%            
154,334   Alabama Power Co     5.000%   A3 4,122,261
152,276   Duke Energy Corp, (6)     5.750%   BBB 4,201,295
16,000   Entergy Texas Inc, (6)     5.375%   BBB- 403,760
299,756   Integrys Holding Inc, (6), (8)     6.000%   BBB 7,493,900
114,962   Interstate Power & Light Co     5.100%   BBB 2,954,523
197,288   NextEra Energy Capital Holdings Inc     5.650%   BBB 5,247,861
86,891   Southern Co/The     5.250%   BBB 2,268,724
6
Shares   Description (1)     Coupon   Ratings (2) Value
    Electric Utilities (continued)            
190,878   Southern Co/The     4.950%   BBB $4,708,960
    Total Electric Utilities           31,401,284
    Equity Real Estate Investment Trust – 1.0%            
3,000   National Retail Properties Inc     5.200%   Baa2 72,810
80,301   Prologis Inc, (8)     8.540%   BBB 6,102,876
5,000   PS Business Parks Inc     5.250%   BBB 124,350
2,682   PS Business Parks Inc     4.875%   Baa2 64,583
428   Public Storage     5.200%   A3 10,722
2,979   Public Storage     5.200%   A3 75,309
193,083   Public Storage     5.600%   A3 5,288,543
8,331   Public Storage, (6)     4.875%   A3 212,940
111,690   Public Storage, (6)     4.750%   A3 2,891,654
69,865   SITE Centers Corp, (6)     6.250%   Ba1 1,402,191
6,765   Vornado Realty Trust, (6)     5.400%   Baa3 155,933
    Total Equity Real Estate Investment Trust           16,401,911
    Food Products – 0.6%            
91,900   Dairy Farmers of America Inc, 144A, (8)     7.875%   BB+ 7,811,500
32,500   Dairy Farmers of America Inc, 144A, (8)     7.875%   BB+ 2,762,500
    Total Food Products           10,574,000
    Insurance – 2.6%            
608,741   Allstate Corp/The, (6)     5.100%   Baa1 15,784,654
92,866   American Financial Group Inc/OH     5.875%   Baa2 2,494,381
4,087   American International Group Inc     5.850%   Baa3 105,853
44,268   Arch Capital Group Ltd     5.250%   BBB 1,067,302
9,678   Arch Capital Group Ltd     5.450%   BBB 241,176
287,580   Hartford Financial Services Group Inc, (6)     7.875%   Baa2 7,689,889
3,839   Hartford Financial Services Group Inc/The     6.000%   BBB- 102,463
30,000   MetLife Inc     4.750%   BBB 742,500
236,786   Prudential PLC     6.750%   BBB+ 6,054,618
368,524   Reinsurance Group of America Inc, (6)     6.200%   BBB+ 9,334,713
2,836   WR Berkley Corp     5.750%   Baa2 72,261
    Total Insurance           43,689,810
    Multi-Utilities – 0.7%            
179,646   Algonquin Power & Utilities Corp     6.200%   BB+ 4,909,725
280,000   DTE Energy Co     5.250%   BBB- 7,151,200
    Total Multi-Utilities           12,060,925
    Wireless Telecommunication Services – 0.3%            
1,860   Telephone and Data Systems Inc     5.875%   BB+ 44,379
42,523   Telephone and Data Systems Inc, (6)     7.000%   BB+ 1,041,813
131,945   Telephone and Data Systems Inc     6.875%   BB+ 3,119,180
7
JPS Nuveen Preferred & Income Securities Fund (continued)
  Portfolio of Investments April 30, 2020
  (Unaudited)
Shares   Description (1)     Coupon   Ratings (2) Value
    Wireless Telecommunication Services (continued)            
11,573   United States Cellular Corp, (6)     7.250%   Ba1 $297,195
    Total Wireless Telecommunication Services           4,502,567
    Total $25 Par (or similar) Retail Preferred (cost $313,202,110)           321,301,244
    
Principal Amount (000)   Description (1)     Coupon Maturity Ratings (2) Value
    CORPORATE BONDS – 2.2% (1.4% of Total Investments)            
    Banks – 1.2%            
$10,000   Citizens Financial Group Inc     6.000% 1/06/69 BB+ $8,550,000
3,600   JPMorgan Chase & Co, (4)     8.750% 9/01/30 Baa1 5,076,054
1,000   Lloyds Banking Group PLC     6.657% 5/21/68 Baa3 1,100,000
4,469   Lloyds Banking Group PLC, Reg S     6.413% 4/01/69 Baa3 4,670,105
19,069   Total Banks           19,396,159
    Insurance – 0.9%            
5,000   AIG Life Holdings Inc, 144A, (6)     8.125% 3/15/46 Baa2 6,250,000
6,150   Liberty Mutual Insurance Co, 144A, (6)     7.697% 10/15/97 BBB+ 9,706,177
11,150   Total Insurance           15,956,177
    Wireless Telecommunication Services – 0.1%            
1,600   Koninklijke KPN NV, 144A, (6)     7.000% 3/28/73 BB+ 1,656,000
$31,819   Total Corporate Bonds (cost $34,851,319)           37,008,336
    
Shares   Description (1), (9)           Value
    INVESTMENT COMPANIES – 1.1% (0.7% of Total Investments)            
723,135   BlackRock Credit Allocation Income Trust           $9,429,680
646,421   John Hancock Preferred Income Fund III           9,967,812
    Total Investment Companies (cost $28,324,371)           19,397,492
    
Shares   Description (1)     Coupon   Ratings (2) Value
    CONVERTIBLE PREFERRED SECURITIES – 1.0% (0.7% of Total Investments)            
    Banks – 1.0%            
12,640   Wells Fargo & Co, (4)     7.500%   Baa2 $17,681,338
    Total Convertible Preferred Securities (cost $15,131,410)           17,681,338
    Total Long-Term Investments (cost $2,496,826,422)           2,533,435,192
    
8
Principal Amount (000)   Description (1)     Coupon Maturity   Value
    SHORT-TERM INVESTMENTS – 5.6% (3.6% of Total Investments)            
    REPURCHASE AGREEMENTS – 5.6% (3.6% of Total Investments)            
$95,562   Repurchase Agreement with Fixed Income Clearing Corporation, dated 4/30/20, repurchase price $95,561,808, collaterized by $94,440,000 U.S. Treasury Notes, 1.500%, due 10/31/24, value $97,474,735     0.000% 5/01/20   $95,561,808
    Total Short-Term Investments (cost $95,561,808)           95,561,808
    Total Investments (cost $2,592,388,230) – 153.7%           2,628,997,000
    Borrowings – (39.2)% (10), (11)           (670,300,000)
    Reverse Repurchase Agreements – (11.3)% (12)           (193,000,000)
    Other Assets Less Liabilities – (3.2)%           (55,338,613)
    Net Assets Applicable to Common Shares – 100%           $1,710,358,387
Investments in Derivatives
Interest Rate Swaps - OTC Uncleared            
Counterparty Notional
Amount 		Fund
Pay/Receive
Floating Rate 		Floating Rate Index Fixed Rate
(Annualized) 		Fixed Rate
Payment
Frequency 		Effective
Date (13) 		Optional
Termination
Date 		Maturity
Date 		Value Unrealized
Appreciation
(Depreciation)
Morgan Stanley Capital Services LLC $521,000,000 Receive 1-Month LIBOR 1.994% Monthly 6/01/18 7/01/25 7/01/27 $(59,747,743) $(59,747,743)
Morgan Stanley Capital Services LLC 90,000,000 Receive 1-Month LIBOR 2.364 Monthly 7/01/19 7/01/26 7/01/28 (14,004,222) (14,004,222)
Total $611,000,000               $(73,751,965) $(73,751,965)
Part F of Form N-PORT was prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and in conformity with the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) related to interim filings. Part F of Form N-PORT does not include all information and footnotes required by U.S. GAAP for complete financial statements. Certain footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted from this report pursuant to the rules of the SEC. For a full set of the Fund’s notes to financial statements, please refer to the Fund’s most recently filed annual or semi-annual report.
Fair Value Measurements
The Fund's investments in securities are recorded at their estimated fair value. Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
Level 1  –     Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
Level 2  –     Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, credit spreads, etc.).
Level 3  –     Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
9
JPS Nuveen Preferred & Income Securities Fund (continued)
  Portfolio of Investments April 30, 2020
  (Unaudited)
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
  Level 1 Level 2 Level 3 Total
Long-Term Investments:        
$1,000 Par (or similar) Institutional Preferred $ — $1,143,039,888 $ — $1,143,039,888
Contingent Capital Securities  — 995,006,894  — 995,006,894
$25 Par (or similar) Retail Preferred 258,555,718 62,745,526  — 321,301,244
Corporate Bonds  — 37,008,336  — 37,008,336
Investment Companies 19,397,492  —  — 19,397,492
Convertible Preferred Securities 17,681,338  —  — 17,681,338
Short-Term Investments:        
Repurchase Agreements  — 95,561,808  — 95,561,808
Investments in Derivatives:        
Interest Rate Swaps*  — (73,751,965)  — (73,751,965)
Total $295,634,548 $2,259,610,487 $ — $2,555,245,035
    
* Represents net unrealized appreciation (depreciation).
    
  For Fund portfolio compliance purposes, the Fund’s industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for purposes of this report, which may combine industry sub-classifications into sectors for reporting ease.  
(1) All percentages shown in the Portfolio of Investments are based on net assets applicable to common shares unless otherwise noted.  
(2) For financial reporting purposes, the ratings disclosed are the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. This treatment of split-rated securities may differ from that used for other purposes, such as for Fund investment policies. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any of these national rating agencies.  
(3) Perpetual security. Maturity date is not applicable.  
(4) Investment, or portion of investment, is hypothecated. The total value of investments hypothecated as of the end of the reporting period was $589,174,803.  
(5) Variable rate security. The rate shown is the coupon as of the end of the reporting period.  
(6) Investment, or portion of investment, has been pledged to collateralize the net payment obligations for investments in derivatives and/or reverse repurchase agreements. As of the end of the reporting period, investments with a value $438,792,992 have been pledged as collateral for reverse repurchase agreements.  
(7) Contingent Capital Securities (“CoCos”) are hybrid securities with loss absorption characteristics built into the terms of the security for the benefit of the issuer. For example, the terms may specify an automatic write-down of principal or a mandatory conversion into the issuer’s common stock under certain adverse circumstances, such as the issuer’s capital ratio falling below a specified level.  
(8) For fair value measurement disclosure purposes, investment classified as Level 2.  
(9) A copy of the most recent financial statements for these investment companies can be obtained directly from the Securities and Exchange Commission on its website at http://www.sec.gov.  
(10) Borrowings as a percentage of Total Investments is 25.5%.  
(11) The Fund may pledge up to 100% of its eligible investments (excluding any investments separately pledged as collateral for specific investments in derivatives, when applicable) in the Portfolio of Investments as collateral for borrowings. As of the end of the reporting period, investments with a value of $1,459,299,738 have been pledged as collateral for borrowings.  
(12) Reverse Repurchase Agreements as a percentage of Total Investments is 7.3%.  
(13) Effective date represents the date on which both the Fund and counterparty commence interest payment accruals on each contract.  
144A Investment is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These investments may only be resold in transactions exempt from registration, which are normally those transactions with qualified institutional buyers.  
LIBOR London Inter-Bank Offered Rate  
N/A Not Applicable.  
Reg S Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United States without registering those securities with the Securities and Exchange Commission. Specifically, Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers and sales of securities by both foreign and domestic issuers that are made outside the United States.  
10