0001752724-21-014352.txt : 20210127 0001752724-21-014352.hdr.sgml : 20210127 20210127172151 ACCESSION NUMBER: 0001752724-21-014352 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201130 FILED AS OF DATE: 20210127 PERIOD START: 20201130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FLAHERTY & CRUMRINE TOTAL RETURN FUND INC CENTRAL INDEX KEY: 0001245648 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21380 FILM NUMBER: 21560973 BUSINESS ADDRESS: STREET 1: 301 E COLORADO BLVD STE 800 STREET 2: C/O FLAHERTY & CRUMRINE INC CITY: PASADENA STATE: CA ZIP: 91101 BUSINESS PHONE: (626) 795-7300 MAIL ADDRESS: STREET 1: 301 E COLORADO BLVD STE 800 STREET 2: C/O FLAHERTY & CRUMRINE INC CITY: PASADENA STATE: CA ZIP: 91101 FORMER COMPANY: FORMER CONFORMED NAME: FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETURN FUND INC DATE OF NAME CHANGE: 20030623 NPORT-P 1 primary_doc.xml NPORT-P false 0001245648 XXXXXXXX Flaherty & Crumrine Total Return Fund Incorporated 811-21380 0001245648 254900OFZ9J1RLHWZQ22 301 East Colorado Boulevard Suite 800 Pasadena 91101 626-795-7300 Flaherty & Crumrine Total Return Fund Incorporated 254900OFZ9J1RLHWZQ22 2020-11-30 2020-11-30 N 329575463.07 109387197.81 220188265.26 0.00000000 0.00000000 107900000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N SYNCHRONY FINANCIAL 549300RS7EWPM9MA6C78 Synchrony Financial 87165B202 55500.00000000 NS USD 1447162.50000000 0.657238703566 Long EP CORP US N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48128BAF8 465000.00000000 PA USD 488817.64000000 0.221999859721 Long DBT CORP US N 1 N/A Fixed 5.00000000 N N N N N N MACQUARIE BANK LONDON 4ZHCHI4KYZG2WVRT8631 Macquarie Bank Ltd/London 556079AB7 730000.00000000 PA USD 770759.55000000 0.350045697980 Long DBT CORP AU N 2 N/A Fixed 6.12500000 N N N N N N TRISTATE CAPITAL HLDGS 5493003JKSPN0881WX29 TriState Capital Holdings Inc 89678F506 21000.00000000 NS USD 547747.20000000 0.248763120665 Long EP CORP US N 1 N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 Credit Agricole SA 225313AD7 395000.00000000 PA USD 448769.38000000 0.203811669740 Long DBT CORP FR N 2 N/A Fixed 7.87500000 N N N N N N KEYCORP RKPI3RZGV1V1FJTH5T61 KeyCorp 493267702 114568.00000000 NS USD 3448932.16000000 1.566356025343 Long EP CORP US N 1 N N N HSBC CAPITAL FUNDING USD 213800HMY2DB765NHE46 HSBC Capital Funding Dollar 1 LP 40427LAB0 1400000.00000000 PA USD 2404920.00000000 1.092210793867 Long DBT CORP JE N 2 N/A Fixed 10.17600000 N N N N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 Truist Financial Corp 89832QAF6 585000.00000000 PA USD 662395.50000000 0.300831426787 Long DBT CORP US N 1 N/A Fixed 5.10000000 N N N N N N CULLEN/FROST BANKERS INC 529900V2E9G9AY665O34 Cullen/Frost Bankers Inc 229899307 31000.00000000 NS USD 789725.00000000 0.358658986239 Long EP CORP US N 1 N N N EVEREST REINSURANCE HLDG N/A Everest Reinsurance Holdings Inc 299808AE5 1519000.00000000 PA USD 1377733.00000000 0.625706823373 Long DBT CORP US N 2 2037-05-15 Floating 2.60600000 N N N N N N QWEST CORP 549300R2L4N683OO1509 Qwest Corp 74913G873 41820.00000000 NS USD 1119680.32000000 0.508510441588 Long EP CORP US N 1 N N N ACE CAPITAL TRUST II N/A ACE Capital Trust II 00440FAA2 1550000.00000000 PA USD 2352637.85000000 1.068466499439 Long DBT CORP US N 2 2030-04-01 Fixed 9.70000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AAQ6 2000000.00000000 PA USD 2036250.00000000 0.924776802976 Long DBT CORP FR N 2 N/A Fixed 7.62500000 N N N N N N ASSURANT INC H3F39CAXWQRVWURFXL38 Assurant Inc 04621X306 28000.00000000 NS USD 769020.00000000 0.349255669502 Long EP CORP US N 1 N N N CNO FINANCIAL GROUP INC 11XPYHB76MPM4Y4P2897 CNO Financial Group Inc 12621E301 16100.00000000 NS USD 419646.50000000 0.190585315481 Long EP CORP US N 1 N N N M&T BANK CORPORATION 549300WYXDDBYRASEG81 M&T Bank Corp 55261FAG9 3500000.00000000 PA USD 3867045.00000000 1.756244818693 Long DBT CORP US N 2 N/A Fixed 6.45000000 N N N N N N EMERA INC NQZVQT2P5IUF2PGA1Q48 Emera Inc 290876AD3 2940000.00000000 PA USD 3372606.30000000 1.531692116297 Long DBT CORP CA N 2 2076-06-15 Fixed 6.75000000 N N N N N N FIRST CITIZENS BANCSHARE 549300N3Z00ZHE2XC526 First Citizens BancShares Inc/NC 319626305 19620.00000000 NS USD 513651.60000000 0.233278371757 Long EP CORP US N 1 N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83370RAA6 1000000.00000000 PA USD 1039400.00000000 0.472050587606 Long DBT CORP FR N 1 N/A Fixed 5.37500000 N N N N N N SOUTHERN CO 549300FC3G3YU2FBZD92 Southern Co/The 842587800 16070.00000000 NS USD 441041.15000000 0.200301841462 Long EP CORP US N 1 N N N FIRST HORIZON NATIONAL TF3RXI1ZB1TQ30H9JV10 First Horizon National Corp 320517402 18000.00000000 NS USD 487980.00000000 0.221619439811 Long EP CORP US N 1 N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AN8 280000.00000000 PA USD 293510.00000000 0.133299565103 Long DBT CORP CH N 2 N/A Fixed 5.10000000 N N N N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AK4 1000000.00000000 PA USD 1126445.00000000 0.511582667073 Long DBT CORP CH N 2 N/A Fixed 7.25000000 N N N N N N FIFTH THIRD BANCORP THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773886 68236.00000000 NS USD 1858537.11000000 0.844067283878 Long EP CORP US N 1 N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 05946KAG6 1000000.00000000 PA USD 1058879.56000000 0.480897362422 Long DBT CORP ES N 1 N/A Fixed 6.50000000 N N N N N N EQUITABLE HOLDINGS INC 549300FIBAKMNHPZ4009 Equitable Holdings Inc 29452EAA9 150000.00000000 PA USD 157500.00000000 0.071529697467 Long DBT CORP US N 2 N/A Fixed 4.95000000 N N N N N N SCE TRUST V N/A SCE Trust V 78409W201 42740.00000000 NS USD 1038795.70000000 0.471776140646 Long EP CORP US N 1 N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BL2 500000.00000000 PA USD 542650.00000000 0.246448192577 Long DBT CORP GB N 1 N/A Fixed 6.00000000 N N N N N N PULTE GROUP INC N/A PulteGroup Inc 745867AM3 2160000.00000000 PA USD 3225474.00000000 1.464870980381 Long DBT CORP US N 2 2032-06-15 Fixed 7.87500000 N N N N N N NY COMMUNITY BANCORP INC 529900HVXOTLY61GL030 New York Community Bancorp Inc 649445202 235200.00000000 NS USD 6363336.00000000 2.889952374385 Long EP CORP US N 1 N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 Banco Bilbao Vizcaya Argentaria SA 05946KAF8 3000000.00000000 PA USD 3114000.00000000 1.414244304219 Long DBT CORP ES N 1 N/A Fixed 6.12500000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC 853254BH2 1500000.00000000 PA USD 1633860.00000000 0.742028644474 Long DBT CORP GB N 2 N/A Fixed 7.75000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AAN3 7830000.00000000 PA USD 9068666.85000000 4.118596801374 Long DBT CORP FR N 2 N/A Fixed 7.37500000 N N N N N N DEUTSCHE BANK AG 7LTWFZYICNSX8D621K86 Deutsche Bank AG 251525AX9 400000.00000000 PA USD 396000.00000000 0.179846096490 Long DBT CORP DE N 2 N/A Fixed 6.00000000 N N N N N N WESBANCO INC 0001070448 WesBanco Inc 950810705 49000.00000000 NS USD 1350685.00000000 0.613422789995 Long EP CORP US N 1 N N N AXA SA F5WCUMTUM4RKZ1MAIE39 AXA SA 054536AC1 620000.00000000 PA USD 867426.50000000 0.393947651558 Long DBT CORP FR N 2 N/A Fixed 6.37900000 N N N N N N RENAISSANCERE HOLDINGS L EK6GB9U3U58PDI411C94 RenaissanceRe Holdings Ltd 75968N309 16900.00000000 NS USD 467687.22000000 0.212403335594 Long EP CORP BM N 1 N N N DCP MIDSTREAM OPERATING 549300Y6CTBSE0QIPL28 DCP Midstream Operating LP 23311RAH9 750000.00000000 PA USD 603221.25000000 0.273957038213 Long DBT CORP US N 2 2043-05-21 Fixed 5.85000000 N N N N N N REGIONS FINANCIAL CORP CW05CS5KW59QTC0DG824 Regions Financial Corp 7591EPAR1 775000.00000000 PA USD 848625.00000000 0.385408822308 Long DBT CORP US N 1 N/A Fixed 5.75000000 N N N N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc 59156RBS6 5335000.00000000 PA USD 8142469.81000000 3.697958108887 Long DBT CORP US N 2 2038-04-08 Fixed 9.25000000 N N N N N N ENBRIDGE INC 98TPTUM4IVMFCZBCUR27 Enbridge Inc 29250NBC8 380000.00000000 PA USD 414803.66000000 0.188385906719 Long DBT CORP CA N 1 2080-07-15 Fixed 5.75000000 N N N N N N CITIZENS FINANCIAL GROUP 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610204 49100.00000000 NS USD 1363752.50000000 0.619357484101 Long EP CORP US N 1 N N N ANNALY CAPITAL MGMT 2DTL0G3FPRYUT58TI025 Annaly Capital Management Inc 035710870 4540.00000000 NS USD 108120.10000000 0.049103479639 Long EP CORP US N 1 N N N BANCO MERCANTIL DE NORTE 549300QTVYRPFHS0J362 Banco Mercantil del Norte SA/Grand Cayman 05962GAJ8 710000.00000000 PA USD 774539.00000000 0.351762160933 Long DBT CORP MX N 2 N/A Fixed 7.62500000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 General Motors Financial Co Inc 37045XCA2 610000.00000000 PA USD 626775.00000000 0.284654134161 Long DBT CORP US N 1 N/A Fixed 5.75000000 N N N N N N CAPITAL ONE FINANCIAL CO ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp 14040H824 19820.00000000 NS USD 514031.70000000 0.233450996760 Long EP CORP US N 1 N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 BBVA Bancomer SA/Texas 05533UAG3 670000.00000000 PA USD 734782.30000000 0.333706384912 Long DBT CORP MX N 2 2034-09-13 Fixed 5.87500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746465 106200.00000000 NS USD 3016611.00000000 1.370014426717 Long EP CORP US N 1 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967341 227619.00000000 NS USD 6496246.26000000 2.950314473993 Long EP CORP US N 1 N N N DIME COMMUNITY BANCSHRS 0002487650 Dime Community Bancshares Inc 25432G208 39000.00000000 NS USD 971880.00000000 0.441385919841 Long EP CORP US N 1 N N N OCEAN SPRAY CRANBERRIES F58I6BK23LKYT8F1SB71 Ocean Spray Cranberries Inc 675022404 34700.00000000 NS USD 2784675.00000000 1.264679112990 Long EP CORP US N 2 N N N DCP MIDSTREAM LP 52990024YYS3MLGW0E91 DCP Midstream LP 23311PAA8 1550000.00000000 PA USD 1141187.50000000 0.518278073834 Long DBT CORP US N 2 N/A Fixed 7.37500000 N N N N N N AERCAP HOLDINGS NV 549300SZYINBBLJQU475 AerCap Holdings NV 00774YAA7 2530000.00000000 PA USD 2395517.85000000 1.087940743423 Long DBT CORP NL N 2 2079-10-10 Fixed 5.87500000 N N N N N N COBANK ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075Q862 17500.00000000 NS USD 1895250.00000000 0.860740692862 Long EP USGA US N 2 N N N ATHENE HOLDING LTD 549300H316CT32FQXI76 Athene Holding Ltd 04686J309 31000.00000000 NS USD 855445.00000000 0.388506171748 Long EP CORP BM N 1 N N N PROVIDENT FINANCING TR I N/A Provident Financing Trust I 743863AA0 5803000.00000000 PA USD 6720684.45000000 3.052244606252 Long DBT CORP US N 2 2038-03-15 Fixed 7.40500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 94988U128 41000.00000000 NS USD 1051445.00000000 0.477520906374 Long EP CORP US N 1 N N N BlackRock Liquidity Funds T-Fund 5493002L9DNZ83RX7V61 BlackRock Liquidity Funds T-Fund 09248U718 1192260.61000000 NS USD 1192260.61000000 0.541473274514 Long STIV RF US N 1 N N N TRANSCANADA TRUST N/A Transcanada Trust 89356BAE8 2250000.00000000 PA USD 2465504.64000000 1.119725720663 Long DBT CORP CA N 1 2079-09-15 Fixed 5.50000000 N N N N N N SOUTHERN CO 549300FC3G3YU2FBZD92 Southern Co/The 842587DF1 900000.00000000 PA USD 941912.15000000 0.427775816702 Long DBT CORP US N 1 2051-01-15 Fixed 4.00000000 N N N N N N NISOURCE INC 549300D8GOWWH0SJB189 NiSource Inc 65473PAG0 440000.00000000 PA USD 451215.60000000 0.204922637211 Long DBT CORP US N 2 N/A Fixed 5.65000000 N N N N N N AUST & NZ BANKING GRP/UK JHE42UYNWWTJB8YTTU19 Australia & New Zealand Banking Group Ltd/United Kingdom 05254HAA2 2550000.00000000 PA USD 2947659.75000000 1.338699747018 Long DBT CORP AU N 2 N/A Fixed 6.75000000 N N N N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 UBS Group AG 90352JAF0 2500000.00000000 PA USD 2742362.50000000 1.245462602996 Long DBT CORP CH N 2 N/A Fixed 7.00000000 N N N N N N ENERGY TRANSFER OPERATNG 5493008K8W3OKZE54J59 Energy Transfer Operating LP 29278N400 2100.00000000 NS USD 45580.50000000 0.020700694447 Long EP CORP US N 1 N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 Bank of America Corp 060505FL3 1990000.00000000 PA USD 2233532.96000000 1.014374202622 Long DBT CORP US N 1 N/A Fixed 5.87500000 N N N N N N ENERGY TRANSFER OPERATNG 5493008K8W3OKZE54J59 Energy Transfer Operating LP 29278N301 136020.00000000 NS USD 2830916.25000000 1.285679891549 Long EP CORP US N 1 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967MK4 450000.00000000 PA USD 460541.25000000 0.209157944659 Long DBT CORP US N 1 N/A Fixed 4.70000000 N N N N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 PNC Financial Services Group Inc/The 693475857 176430.00000000 NS USD 4668778.88000000 2.120357719557 Long EP CORP US N 1 N N N CITIZENS FINANCIAL GROUP 2138004JDDA4ZQUPFW65 Citizens Financial Group Inc 174610AQ8 1300000.00000000 PA USD 1326955.50000000 0.602645875988 Long DBT CORP US N 2 N/A Fixed 6.37500000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38148BAE8 830000.00000000 PA USD 914684.90000000 0.415410375716 Long DBT CORP US N 1 N/A Fixed 5.50000000 N N N N N N ASPEN INSURANCE HLDG LTD 549300YX6HECG9XQCQ75 Aspen Insurance Holdings Ltd 000000000 5674.00000000 NS USD 153658.73000000 0.069785158540 Long EP CORP BM N 1 N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBG9 2285000.00000000 PA USD 2548962.83000000 1.157628825945 Long DBT CORP GB N 1 N/A Fixed 8.00000000 N N N N N N VODAFONE GROUP PLC 213800TB53ELEUKM7Q61 Vodafone Group PLC 92857WBQ2 900000.00000000 PA USD 1107646.49000000 0.503045195751 Long DBT CORP GB N 1 2079-04-04 Fixed 7.00000000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 General Motors Financial Co Inc 37045XDB9 800000.00000000 PA USD 880000.00000000 0.399657992200 Long DBT CORP US N 1 N/A Fixed 5.70000000 N N N N N N ENERGY TRANSFER OPERATNG 5493008K8W3OKZE54J59 Energy Transfer Operating LP 29278N509 169000.00000000 NS USD 3817287.50000000 1.733647111253 Long EP CORP US N 1 N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150AV6 405000.00000000 PA USD 420228.00000000 0.190849407666 Long DBT CORP US N 1 N/A Fixed 4.45000000 N N N N N N AMERICAN INTL GROUP ODVCVCQG2BP6VHV36M30 American International Group Inc 026874BS5 2150000.00000000 PA USD 3142768.46000000 1.427309696222 Long DBT CORP US N 2 2058-05-15 Fixed 8.17500000 N N N N N N BANCO MERCANTIL DE NORTE 549300QTVYRPFHS0J362 Banco Mercantil del Norte SA/Grand Cayman 05971PAB4 492000.00000000 PA USD 533451.00000000 0.242270404088 Long DBT CORP MX N 2 N/A Fixed 7.50000000 N N N N N N ZIONS BANCORP NA 8WH0EE09O9V05QJZ3V89 Zions Bancorp NA 989701818 10900.00000000 NS USD 308851.50000000 0.140267011793 Long EP CORP US N 1 N N N VALLEY NATIONAL BANCORP 549300ET52S1UBIB9762 Valley National Bancorp 919794305 38203.00000000 NS USD 974367.52000000 0.442515643987 Long EP CORP US N 1 N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBN4 980000.00000000 PA USD 1055985.10000000 0.479582823704 Long DBT CORP GB N 1 N/A Fixed 6.12500000 N N N N N N FULTON FINANCIAL CORP 5493005QLZ6O1BNC0C11 Fulton Financial Corp 360271308 11400.00000000 NS USD 302727.00000000 0.137485528414 Long EP CORP US N 1 N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38144GAB7 300000.00000000 PA USD 314625.00000000 0.142889086132 Long DBT CORP US N 2 N/A Fixed 4.95000000 N N N N N N ZIONS BANCORP NA 8WH0EE09O9V05QJZ3V89 Zions Bancorp NA 989701859 5000.00000000 NS USD 144075.00000000 0.065432642302 Long EP CORP US N 1 N N N DCP MIDSTREAM LP 52990024YYS3MLGW0E91 DCP Midstream LP 23311P209 5200.00000000 NS USD 109746.00000000 0.049841893195 Long EP CORP US N 1 N N N PARTNERRE LTD 7LLHQS68KCIGNZBR7918 PartnerRe Ltd 000000000 13539.00000000 NS USD 348131.01000000 0.158106068726 Long EP CORP BM N 1 N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 Bank of America Corp 06055H400 32000.00000000 NS USD 838720.00000000 0.380910399112 Long EP CORP US N 1 N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38148B108 57668.00000000 NS USD 1637482.86000000 0.743673991012 Long EP CORP US N 1 N N N PEOPLE'S UNITED FIN INC ROPY7PEPIPIDJNF0BO69 People's United Financial Inc 712704204 23066.00000000 NS USD 645199.85000000 0.293021905249 Long EP CORP US N 1 N N N TRANSCANADA TRUST N/A Transcanada Trust 89356BAB4 300000.00000000 PA USD 333325.56000000 0.151382072794 Long SN CORP CA N 2 2076-08-15 Fixed 5.87500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746556 81100.00000000 NS USD 2130805.18000000 0.967719681829 Long EP CORP US N 1 N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61762V200 86900.00000000 NS USD 2536611.00000000 1.152019158243 Long EP CORP US N 1 N N N ENSTAR FINANCE LLC N/A Enstar Finance LLC 29360AAA8 575000.00000000 PA USD 599178.74000000 0.272121104770 Long DBT CORP US N 2 2040-09-01 Fixed 5.75000000 N N N N N N QBE INSURANCE GROUP LTD 549300D2FBW76FPUSG65 QBE Insurance Group Ltd 74737EAA2 5300000.00000000 PA USD 6055568.00000000 2.750177441495 Long DBT CORP AU N 2 2043-11-24 Fixed 7.50000000 N N N N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 Truist Financial Corp 89832QAE9 1175000.00000000 PA USD 1289562.50000000 0.585663590417 Long DBT CORP US N 2 N/A Fixed 4.95000000 N N N N N N COBANK ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075Q870 9984.00000000 NS USD 1033344.00000000 0.469300213969 Long EP USGA US N 2 N N N VOYA FINANCIAL INC 549300T065Z4KJ686G75 Voya Financial Inc 929089209 33000.00000000 NS USD 921772.50000000 0.418629257518 Long EP CORP US N 1 N N N STATE STREET CORP 549300ZFEEJ2IP5VME73 State Street Corp 857477608 20947.00000000 NS USD 593166.67000000 0.269390682241 Long EP CORP US N 1 N N N SYNOVUS FINANCIAL CORP 549300EIUS8UN5JTLE54 Synovus Financial Corp 87161C709 91848.00000000 NS USD 2470848.97000000 1.122152884524 Long EP CORP US N 1 N N N ASPEN INSURANCE HLDG LTD 549300YX6HECG9XQCQ75 Aspen Insurance Holdings Ltd 000000000 25000.00000000 NS USD 654125.00000000 0.297075322895 Long EP CORP BM N 1 N N N SBL HOLDINGS INC N/A SBL Holdings Inc 78397DAA6 1300000.00000000 PA USD 1082250.00000000 0.491511206885 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N FIRST HORIZON BANK COOWI3L2W9TPYR3WJX37 First Horizon Bank 337158AJ8 1000000.00000000 PA USD 1166905.37000000 0.529958019616 Long DBT CORP US N 2 2030-05-01 Fixed 5.75000000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 Standard Chartered PLC 853254BA7 3510000.00000000 PA USD 3671477.55000000 1.667426529594 Long DBT CORP GB N 2 N/A Fixed 7.50000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967JM4 1120000.00000000 PA USD 1209123.31000000 0.549131584543 Long DBT CORP US N 1 N/A Fixed 5.95000000 N N N N N N AXIS CAPITAL HLDGS LTD N/A Axis Capital Holdings Ltd 05461T305 1631.00000000 NS USD 42251.06000000 0.019188606599 Long EP CORP BM N 1 N N N METLIFE INC C4BXATY60WC6XEOZDX54 MetLife Inc 59156RAV0 4130000.00000000 PA USD 7085914.80000000 3.218116456675 Long DBT CORP US N 2 2039-08-01 Fixed 10.75000000 N N N N N N NISOURCE INC 549300D8GOWWH0SJB189 NiSource Inc 65473P881 40000.00000000 NS USD 1122900.00000000 0.509972681184 Long EP CORP US N 1 N N N ALGONQUIN PWR & UTILITY 549300K5VIUTJXQL7X75 Algonquin Power & Utilities Corp 015857808 54010.00000000 NS USD 1502693.23000000 0.682458362722 Long EP CORP CA N 1 N N N FIRST HORIZON BANK COOWI3L2W9TPYR3WJX37 First Horizon Bank 337158208 875.00000000 NS USD 694531.25000000 0.315426096472 Long EP CORP US N 2 N N N LEHMAN BROS HLDG-ESCROW N/A LEHMAN BROS HLDG-ESCROW 000000000 20000.00000000 NS USD 0.00000000 0.000000 Long EP CORP US N N/A N N N DELPHI FINANCIAL GROUP 5493001NGT0EEYMZG011 Delphi Financial Group Inc 247131303 224200.00000000 NS USD 4484000.00000000 2.036439132987 Long EP CORP US N 2 N N N ATHENE HOLDING LTD 549300H316CT32FQXI76 Athene Holding Ltd 000000000 120000.00000000 NS USD 3384600.00000000 1.537139136821 Long EP CORP BM N 1 N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HJQ4 4791000.00000000 PA USD 5352401.47000000 2.430829573810 Long DBT CORP US N 1 N/A Fixed 6.75000000 N N N N N N STERLING BANCORP/DE 549300LQK6SKH5ZXO648 Sterling Bancorp/DE 85917A209 13416.00000000 NS USD 365539.04000000 0.166012044087 Long EP CORP US N 1 N N N DISCOVER FINANCIAL SVS Z1YLO2USPORE63VVUL20 Discover Financial Services 254709AQ1 880000.00000000 PA USD 972400.00000000 0.441622081381 Long DBT CORP US N 2 N/A Fixed 6.12500000 N N N N N N ZIONS BANCORP NA 8WH0EE09O9V05QJZ3V89 Zions Bancorp NA 989701BF3 1800000.00000000 PA USD 1876500.00000000 0.852225252687 Long DBT CORP US N 2 N/A Fixed 7.20000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 000000000 3220000.00000000 PA USD 3396932.56000000 1.542740052921 Long DBT CORP GB N 1 N/A Fixed 7.87500000 N N N N N N COMED FINANCING III N/A ComEd Financing III 20035AAA2 3394000.00000000 PA USD 4014289.24000000 1.823116792922 Long DBT CORP US N 2 2033-03-15 Fixed 6.35000000 N N N N N N APOLLO MANAGEMENT HOLDIN 5493006XQW0V5K38YM64 Apollo Management Holdings LP 03765HAE1 440000.00000000 PA USD 449714.35000000 0.204240834301 Long DBT CORP US N 2 2050-01-14 Fixed 4.95000000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61762V606 213700.00000000 NS USD 6244314.00000000 2.835897722626 Long EP CORP US N 1 N N N SOUTHERN CAL EDISON 9R1Z5I36FERIBVKW4P77 Southern California Edison Co 842400FU2 600000.00000000 PA USD 606274.99000000 0.275343915028 Long DBT CORP US N 2 N/A Fixed 6.25000000 N N N N N N LAND O'LAKES INC 4ONCJWH5BBCYSJIJYX61 Land O' Lakes Inc 514666AM8 4350000.00000000 PA USD 4151183.25000000 1.885288139719 Long DBT CORP US N 2 N/A Fixed 7.25000000 N N N N N N TEXAS CAPITAL BANCSHARES 549300466Q2SXRX0YM48 Texas Capital Bancshares Inc 882228307 175067.00000000 NS USD 4504473.91000000 2.045737498626 Long EP CORP US N 1 N N N ENBRIDGE INC 98TPTUM4IVMFCZBCUR27 Enbridge Inc 29250NAN5 1500000.00000000 PA USD 1584119.82000000 0.719438803030 Long DBT CORP CA N 1 2077-01-15 Fixed 6.00000000 N N N N N N COBANK ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075Q805 25000.00000000 NS USD 2637500.00000000 1.197838584579 Long EP USGA US N 2 N N N FT REAL ESTATE SECS CO 0002671824 FT Real Estate Securities Co Inc 302663208 3.00000000 NS USD 3907500.00000000 1.774617732414 Long EP CORP US N 2 N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AL2 1500000.00000000 PA USD 1671877.50000000 0.759294550972 Long DBT CORP CH N 2 N/A Fixed 6.37500000 N N N N N N ENERGY TRANSFER OPERATNG 5493008K8W3OKZE54J59 Energy Transfer Operating LP 29278NAT0 901000.00000000 PA USD 855724.75000000 0.388633222115 Long DBT CORP US N 2 N/A Fixed 7.12500000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746RN3 1250000.00000000 PA USD 1371862.50000000 0.623040695824 Long DBT CORP US N 2 N/A Fixed 5.87500000 N N N N N N ENTERPRISE PRODUCTS OPER 5493004LGN656HWLDA30 Enterprise Products Operating LLC 29379VBN2 1000000.00000000 PA USD 988145.06000000 0.448772807594 Long DBT CORP US N 1 2077-08-16 Fixed 5.25000000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61763E207 89000.00000000 NS USD 2535610.00000000 1.151564547277 Long EP CORP US N 1 N N N COBANK ACB P0J8I7M2E0A77CKF1705 CoBank ACB 19075QAC6 609000.00000000 PA USD 663810.00000000 0.301473831594 Long DBT USGA US N 2 N/A Fixed 6.25000000 N N N N N N BANCORP SOUTH Q7C315HKI8VX0SSKBS64 BancorpSouth Bank 05971J201 34400.00000000 NS USD 905236.00000000 0.411119093440 Long EP CORP US N 1 N N N CREDIT SUISSE GROUP AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 225401AJ7 1100000.00000000 PA USD 1200320.00000000 0.545133501361 Long DBT CORP CH N 2 N/A Fixed 7.50000000 N N N N N N PARTNERRE FINANCE B LLC 549300O0FAGHK2F79881 PartnerRe Finance B LLC 70213BAC5 965000.00000000 PA USD 1003483.76000000 0.455738982645 Long DBT CORP US N 2 2050-10-01 Fixed 4.50000000 N N N N N N SEMPRA ENERGY PBBKGKLRK5S5C0Y4T545 Sempra Energy 816851BK4 1400000.00000000 PA USD 1484000.00000000 0.673968705029 Long DBT CORP US N 1 N/A Fixed 4.87500000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BC2 1370000.00000000 PA USD 1397400.00000000 0.634638725342 Long DBT CORP GB N 1 N/A Fixed 6.87500000 N N N N N N MERCHANTS BANCORP 54930008Y0GPVLF81889 Merchants Bancorp/IN 58844R603 21000.00000000 NS USD 556815.00000000 0.252881323781 Long EP CORP US N 1 N N N NUSTAR LOGISTICS LP N62BF2PKP51FIIOIUN20 NuStar Logistics LP 67059T204 45500.00000000 NS USD 950126.45000000 0.431506396981 Long EP CORP US N 1 N N N ENERGY TRANSFER OPERATNG 5493008K8W3OKZE54J59 Energy Transfer Operating LP 29273RBC2 940000.00000000 PA USD 1241924.08000000 0.564028277589 Long DBT CORP US N 2 2029-11-15 Fixed 8.25000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 Barclays PLC 06738EBA2 1310000.00000000 PA USD 1408781.01000000 0.639807488531 Long DBT CORP GB N 1 N/A Fixed 7.75000000 N N N N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150AT1 1175000.00000000 PA USD 1362412.50000000 0.618748913976 Long DBT CORP US N 2 N/A Fixed 5.62500000 N N N N N N STIFEL FINANCIAL CORP 549300E5F07FE5GHJX84 Stifel Financial Corp 860630706 29000.00000000 NS USD 790685.00000000 0.359094976776 Long EP CORP US N 1 N N N CENTERPOINT ENERGY INC 21TPXMRRHFKOBHDC8J74 CenterPoint Energy Inc 15189TAS6 900000.00000000 PA USD 929807.51000000 0.422278412022 Long DBT CORP US N 1 N/A Fixed 6.12500000 N N N N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150AL8 1400000.00000000 PA USD 1396220.00000000 0.634102820307 Long DBT CORP US N 2 N/A Fixed 5.70000000 N N N N N N PARTNERRE LTD 7LLHQS68KCIGNZBR7918 PartnerRe Ltd 000000000 26750.00000000 NS USD 684933.75000000 0.311067326494 Long EP CORP BM N 1 N N N ARCH CAPITAL GROUP LTD 549300AYR4P8AFKDCE43 Arch Capital Group Ltd 03939A107 14200.00000000 NS USD 378501.00000000 0.171898806484 Long EP CORP BM N 1 N N N SCE TRUST II N/A SCE Trust II 78407R204 176.00000000 NS USD 4346.30000000 0.001973901740 Long EP CORP US N 1 N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 Societe Generale SA 83367TBU2 6000000.00000000 PA USD 6667500.00000000 3.028090526135 Long DBT CORP FR N 2 N/A Fixed 6.75000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625HHA1 2923000.00000000 PA USD 2916354.03000000 1.324482041109 Long DBT CORP US N 1 N/A Floating 3.68438000 N N N N N N LIBERTY MUTUAL GROUP INC QUR0DG15Z6FFGYCHH861 Liberty Mutual Group Inc 53079EAN4 6351000.00000000 PA USD 8138205.19000000 3.696021302674 Long DBT CORP US N 2 2037-03-15 Fixed 7.80000000 N N N N N N COMERICA INC I9Q57JVPWHHZ3ZGBW498 Comerica Inc 200340AU1 1150000.00000000 PA USD 1265000.00000000 0.574508363788 Long DBT CORP US N 1 N/A Fixed 5.62500000 N N N N N N REGIONS FINANCIAL CORP CW05CS5KW59QTC0DG824 Regions Financial Corp 7591EP704 125350.00000000 NS USD 3561506.88000000 1.617482600988 Long EP CORP US N 1 N N N ENSTAR GROUP LTD 213800AMAL5QFXVUCN04 Enstar Group Ltd 29359U109 61000.00000000 NS USD 1711812.50000000 0.777431303152 Long EP CORP BM N 1 N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 General Motors Financial Co Inc 37045XCM6 1000000.00000000 PA USD 1068730.00000000 0.485371006823 Long DBT CORP US N 1 N/A Fixed 6.50000000 N N N N N N WINTRUST FINANCIAL CORP Q774KI4AW80FHFW33O61 Wintrust Financial Corp 97650W504 48000.00000000 NS USD 1337520.00000000 0.607443815600 Long EP CORP US N 1 N N N QWEST CORP 549300R2L4N683OO1509 Qwest Corp 74913G881 29941.00000000 NS USD 771130.46000000 0.350214149282 Long EP CORP US N 1 N N N AMERICAN EQUITY INVESTME 549300RK5RZQ740FPL83 American Equity Investment Life Holding Co 025676503 67000.00000000 NS USD 1736305.00000000 0.788554738804 Long EP CORP US N 1 N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 Truist Financial Corp 89832Q695 20000.00000000 NS USD 534300.00000000 0.242655983219 Long EP CORP US N 1 N N N MPLX LP 5493000CZJ19CK4P3G36 MPLX LP 55336VAU4 2120000.00000000 PA USD 1934500.00000000 0.878566347627 Long DBT CORP US N 2 N/A Fixed 6.87500000 N N N N N N INDIANAPOLIS P&L 2T85JNP2R2B2GTSFND21 Indianapolis Power & Light Co 455434878 17800.00000000 NS USD 1856718.00000000 0.843241122685 Long EP CORP US N 2 N N N QBE INSURANCE GROUP LTD 549300D2FBW76FPUSG65 QBE Insurance Group Ltd 74728GAE0 675000.00000000 PA USD 740812.50000000 0.336445041303 Long DBT CORP AU N 2 N/A Fixed 5.87500000 N N N N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 Lloyds Banking Group PLC 539439AU3 2750000.00000000 PA USD 3115200.00000000 1.414789292391 Long DBT CORP GB N 1 N/A Fixed 7.50000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 05565AGF4 560000.00000000 PA USD 664756.40000000 0.301903645598 Long DBT CORP FR N 2 N/A Fixed 7.00000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 Citigroup Inc 172967358 155338.00000000 NS USD 4484608.06000000 2.036715287576 Long EP CORP US N 1 N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 Huntington Bancshares Inc/OH 446150708 138172.00000000 NS USD 3551020.40000000 1.612720094691 Long EP CORP US N 1 N N N HEARTLAND FINANCIAL USA 549300QF7B0DFZT32C73 Heartland Financial USA Inc 42234Q201 42600.00000000 NS USD 1204089.00000000 0.546845218376 Long EP CORP US N 1 N N N METLIFE CAPITAL TRUST IV 0004254959 MetLife Capital Trust IV 591560AA5 577000.00000000 PA USD 809300.20000000 0.367549196613 Long DBT CORP US N 2 2037-12-15 Fixed 7.87500000 N N N N N N LAND O'LAKES INC 4ONCJWH5BBCYSJIJYX61 Land O' Lakes Inc 514666AN6 1500000.00000000 PA USD 1413517.50000000 0.641958597716 Long DBT CORP US N 2 N/A Fixed 7.00000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 48126HAA8 750000.00000000 PA USD 789532.54000000 0.358571579220 Long DBT CORP US N 1 N/A Fixed 6.00000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 Wells Fargo & Co 949746804 325.00000000 NS USD 457437.50000000 0.207748355462 Long EP CORP US N 1 N N N FIFTH THIRD BANCORP THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773605 287265.00000000 NS USD 8299804.01000000 3.769412507155 Long EP CORP US N 1 N N N LIBERTY MUTUAL INSURANCE CNC20I6IOMGF7KY49D67 Liberty Mutual Insurance Co 53079QAD9 3000000.00000000 PA USD 4901518.89000000 2.226058179899 Long DBT CORP US N 2 2097-10-15 Fixed 7.69700000 N N N N N N AXIS SPECIALTY FINANCE N/A AXIS Specialty Finance LLC 05463HAC5 880000.00000000 PA USD 910493.19000000 0.413506682077 Long DBT CORP US N 2 2040-01-15 Fixed 4.90000000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 HSBC Holdings PLC 404280BP3 4265000.00000000 PA USD 4774603.53000000 2.168418704948 Long DBT CORP GB N 1 N/A Fixed 6.50000000 N N N N N N ARCH CAPITAL GROUP LTD 549300AYR4P8AFKDCE43 Arch Capital Group Ltd 03939A206 16000.00000000 NS USD 410800.00000000 0.186567617268 Long EP CORP BM N 1 N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 Morgan Stanley 61745VAB9 640000.00000000 PA USD 664000.00000000 0.301560121387 Long DBT CORP US N 2 N/A Fixed 5.30000000 N N N N N N INTEGRYS HOLDING INC 549300J4ZRR1SZF4ES33 Integrys Holding Inc 45822P204 94233.00000000 NS USD 2553365.64000000 1.159628392087 Long EP CORP US N 2 N N N 2021-01-26 Flaherty & Crumrine Total Return Fund Inc Bradford Stone Bradford Stone Chief Financial Officer, Treasurer and Vice President