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        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
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        <lei>254900GLQZAD4N7N5Q19</lei>
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        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
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        <name>ALLIANT ENERGY CORP</name>
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        <name>BANK OF NEW YORK MELLON CORP (THE)</name>
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        <name>STIFEL FINANCIAL CORP</name>
        <lei>549300E5F07FE5GHJX84</lei>
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        <name>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHW V4 PERP I</title>
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        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KEYCORP DEP SHS EACH REP A 1/40TH OWNERSHIP INT IN SHS OF FIXED-RATE PERPL NON CUMULATIVE PFD STOCK SERIES F</title>
        <cusip>493267876</cusip>
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        <assetCat>EP</assetCat>
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        <name>NORTHWEST NATURAL HOLDING COMPANY</name>
        <lei>254900PSJL6ZEC8FR782</lei>
        <title>NWN V7 09/15/55</title>
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        <name>BANK OF HAWAII CORP</name>
        <lei>5493006Q8BQ8AD8M2U33</lei>
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        <name>HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HASI V7.125 11/15/56</title>
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        <name>BRIGHTHOUSE FINANCIAL INC</name>
        <lei>5493003T8SZSHOGGAW52</lei>
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        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
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        <name>FORD MOTOR CO</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR CO 6.000% NOTES DUE DECEMBER 1, 2059</title>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V6.25 PERP</title>
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        <name>ACE CAPITAL TRUST II</name>
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        <title>CB 9.7 04/01/30</title>
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        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>DIGITAL REALTY TRUST INC 5.200% SERIES L CUMULATIVE REDEEMABLE PREFERRED STOCK</title>
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          <isin value="US2538688225"/>
          <ticker value="DLR L"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V4.15 PERP Y</title>
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        <invCountry>US</invCountry>
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        <name>CITIGROUP INC</name>
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        <name>CITIZENS FINANCIAL GROUP INC</name>
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      <invstOrSec>
        <name>F&amp;G ANNUITIES &amp; LIFE INC</name>
        <lei>N/A</lei>
        <title>F&amp;G ANNUITIES &amp; LIFE INC CALLABLE FIXED FOR LIFE JUNIOR SUBORDINATED NOTES DUE JANUARY 15, 2065</title>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>COBANK ACB</name>
        <lei>P0J8I7M2E0A77CKF1705</lei>
        <title>COBKAC V6.25 PERP I</title>
        <cusip>19075QAC6</cusip>
        <identifiers>
          <isin value="US19075QAC69"/>
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        <balance>62000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>62000.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC 5.625% NON-CUMULATIVE PREFERRED STOCK, SERIES E</title>
        <cusip>59156R876</cusip>
        <identifiers>
          <isin value="US59156R8768"/>
          <ticker value="MET E"/>
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        <balance>9476.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>212262.40000000</valUSD>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES</title>
        <cusip>94988U151</cusip>
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          <ticker value="WFC Z"/>
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        <curCd>USD</curCd>
        <valUSD>400758.26000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NI V6.375 03/31/55</title>
        <cusip>65473PAT2</cusip>
        <identifiers>
          <isin value="US65473PAT21"/>
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        <balance>122000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>124339.05000000</valUSD>
        <pctVal>0.141288700155</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2055-03-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHW V5 PERP F</title>
        <cusip>808513AR6</cusip>
        <identifiers>
          <isin value="US808513AR62"/>
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        <balance>322000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>319585.00000000</valUSD>
        <pctVal>0.363150186841</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BROOKFIELD PROPERTY PARTNERS LP</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>BROOKFIELD PROPERTY PARTNERS LP 5.750% CLASS A CUMULATIVE REDEEMABLE PERPETUAL PREFERRED UNITS SERIES 3</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG162491648"/>
          <ticker value="BPYPN"/>
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        <balance>3416.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47482.40000000</valUSD>
        <pctVal>0.053955105626</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP DEP SHS EA REP A 1/1000 TH INT IN SHS SER K NON CUM PER PFD STK</title>
        <cusip>902973759</cusip>
        <identifiers>
          <isin value="US9029737593"/>
          <ticker value="USB P"/>
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        <balance>7905.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>173356.65000000</valUSD>
        <pctVal>0.196988281169</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VORNADO REALTY TRUST</name>
        <lei>N/A</lei>
        <title>VORNADO REALTY TRUST 4.45% SERIES O CUMULATIVE REDEEMABLE PREFERRED SHARES OF BENEFICIAL INTEREST</title>
        <cusip>929042794</cusip>
        <identifiers>
          <isin value="US9290427940"/>
          <ticker value="VNO O"/>
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        <balance>4096.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>61194.24000000</valUSD>
        <pctVal>0.069536116180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V5.125 PERP M</title>
        <cusip>89832QAC3</cusip>
        <identifiers>
          <isin value="US89832QAC33"/>
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        <balance>168000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>167160.00000000</valUSD>
        <pctVal>0.189946916258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CULLEN/FROST BANKERS INC</name>
        <lei>529900V2E9G9AY665O34</lei>
        <title>CULLEN/FROST BANKERS INC DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 4.450% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES B</title>
        <cusip>229899307</cusip>
        <identifiers>
          <isin value="US2298993070"/>
          <ticker value="CFR B"/>
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        <balance>2084.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34781.96000000</valUSD>
        <pctVal>0.039523367093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>PUBLIC STORAGE DEPOSITARY SHARES EACH REPRESENTING 1/1000 OF A 4.125% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES M</title>
        <cusip>74460W537</cusip>
        <identifiers>
          <isin value="US74460W5379"/>
          <ticker value="PSA M"/>
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        <balance>3560.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56639.60000000</valUSD>
        <pctVal>0.064360596782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PPL CAPITAL FUNDING INC</name>
        <lei>549300MROK5WY0D2NU17</lei>
        <title>PPL V0 03/30/67 A</title>
        <cusip>69352PAC7</cusip>
        <identifiers>
          <isin value="US69352PAC77"/>
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        <balance>105000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104606.25000000</valUSD>
        <pctVal>0.118865964398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-03-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.63743000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/4000TH INTEREST IN A SHARE OF PERPETUAL PREFERRED STOCK, SERIES I</title>
        <cusip>89832Q810</cusip>
        <identifiers>
          <isin value="US89832Q8107"/>
          <ticker value="TFC I"/>
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        <balance>2372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46277.72000000</valUSD>
        <pctVal>0.052586206062</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>REGIONS FINANCIAL CORP DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 5.700% FIXED-TO-FLOATING RATE NON-CUMULATIVE PERPETUAL PREF</title>
        <cusip>7591EP704</cusip>
        <identifiers>
          <isin value="US7591EP7044"/>
          <ticker value="RF C"/>
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        <balance>5923.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144639.66000000</valUSD>
        <pctVal>0.164356648633</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES A</title>
        <cusip>59156R504</cusip>
        <identifiers>
          <isin value="US59156R5046"/>
          <ticker value="MET A"/>
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        <balance>8265.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>184144.20000000</valUSD>
        <pctVal>0.209246368370</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SE</title>
        <cusip>14040H733</cusip>
        <identifiers>
          <isin value="US14040H7338"/>
          <ticker value="COF N"/>
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        <balance>2109.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>33174.57000000</valUSD>
        <pctVal>0.037696860909</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES I</title>
        <cusip>61761J406</cusip>
        <identifiers>
          <isin value="US61761J4067"/>
          <ticker value="MS I"/>
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        <balance>9885.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>248113.50000000</valUSD>
        <pctVal>0.281935835170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V6.75 06/15/54</title>
        <cusip>65339KDB3</cusip>
        <identifiers>
          <isin value="US65339KDB35"/>
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        <balance>304000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>317399.26000000</valUSD>
        <pctVal>0.360666491144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WAFD INC</name>
        <lei>N/A</lei>
        <title>WAFD INC DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 4.875% FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES A</title>
        <cusip>938824307</cusip>
        <identifiers>
          <isin value="US9388243076"/>
          <ticker value="WAFDP"/>
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        <balance>4168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>67521.60000000</valUSD>
        <pctVal>0.076726009217</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>METLIFE INC 4.75% DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES F</title>
        <cusip>59156R850</cusip>
        <identifiers>
          <isin value="US59156R8503"/>
          <ticker value="MET F"/>
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        <balance>14030.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>259835.60000000</valUSD>
        <pctVal>0.295255868354</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ASSURANT INC</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
        <title>ASSURANT INC 5.25% SUBORDINATED NOTES DUE JANUARY 15, 2061</title>
        <cusip>04621X306</cusip>
        <identifiers>
          <isin value="US04621X3061"/>
          <ticker value="AIZN"/>
        </identifiers>
        <balance>3452.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>67003.32000000</valUSD>
        <pctVal>0.076137078326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD BRP HOLDINGS (CANADA) INC</name>
        <lei>549300NSPD7QJ50GZW26</lei>
        <title>BROOKFIELD BRP HOLDINGS (CANADA) INC 4.875% PERPETUAL SUBORDINATED NOTES</title>
        <cusip>11259P208</cusip>
        <identifiers>
          <isin value="US11259P2083"/>
          <ticker value="BEPI"/>
        </identifiers>
        <balance>3560.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>55322.40000000</valUSD>
        <pctVal>0.062863838717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>PUBLIC STORAGE DEPOSITARY SHARES EACH REPRESENTING 1/1000 OF A 5.15% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES F</title>
        <cusip>74460W685</cusip>
        <identifiers>
          <isin value="US74460W6856"/>
          <ticker value="PSA F"/>
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        <balance>3113.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>62758.08000000</valUSD>
        <pctVal>0.071313135716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY 1/1000TH DEPOSITARY SHARES OF FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES A</title>
        <cusip>61747S504</cusip>
        <identifiers>
          <isin value="US61747S5047"/>
          <ticker value="MS A"/>
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        <balance>15593.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>306870.24000000</valUSD>
        <pctVal>0.348702176234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN V5.75 07/15/80 20-A</title>
        <cusip>29250NBC8</cusip>
        <identifiers>
          <isin value="US29250NBC83"/>
        </identifiers>
        <balance>109000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>110214.81000000</valUSD>
        <pctVal>0.125239072059</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2080-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
          <isMandatoryConvrtbl>N</isMandatoryConvrtbl>
          <isContngtConvrtbl>N</isContngtConvrtbl>
          <dbtSecRefInstruments>
            <dbtSecRefInstrument>
              <name>ENBRIDGE INC.</name>
              <title>ENBRIDGE INC.</title>
              <curCd>CAD</curCd>
              <identifiers>
                <cusip value="29250N493"/>
                <isin value="CA29250N4930"/>
                <ticker value="ENB"/>
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            </dbtSecRefInstrument>
          </dbtSecRefInstruments>
          <currencyInfos>
            <currencyInfo convRatio="1.00000000" curCd="USD"/>
          </currencyInfos>
          <delta>XXXX</delta>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP INC</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>CFG V6.375 PERP C</title>
        <cusip>174610AQ8</cusip>
        <identifiers>
          <isin value="US174610AQ88"/>
        </identifiers>
        <balance>107000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>106866.25000000</valUSD>
        <pctVal>0.121434043070</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>7.09248000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF SERIES L NON-CUMULATIVE PERPETUAL PREFERRED STOCK</title>
        <cusip>902973734</cusip>
        <identifiers>
          <isin value="US9029737346"/>
          <ticker value="USB Q"/>
        </identifiers>
        <balance>7023.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>104783.16000000</valUSD>
        <pctVal>0.119066990415</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>PUBLIC STORAGE DEPOSITARY SHARES EACH REPRESENTING 1/1000 OF A 3.950% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES Q</title>
        <cusip>74460W446</cusip>
        <identifiers>
          <isin value="US74460W4463"/>
          <ticker value="PSA Q"/>
        </identifiers>
        <balance>2228.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>34199.80000000</valUSD>
        <pctVal>0.038861848209</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AXIS CAPITAL HOLDINGS LTD</name>
        <lei>635400VD2NQBYAHMEM55</lei>
        <title>AXIS CAPITAL HOLDINGS LTD DEPOSITARY SHARES EACH REPRESENTING 1/100 TH INTEREST IN A 5.50% SERIES E PREFERRED SHARE</title>
        <cusip>05461T305</cusip>
        <identifiers>
          <isin value="US05461T3059"/>
          <ticker value="AXS E"/>
        </identifiers>
        <balance>6291.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>122989.05000000</valUSD>
        <pctVal>0.139754670860</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GLOBAL NET LEASE INC</name>
        <lei>549300NUYANCT5SU8Z65</lei>
        <title>GLOBAL NET LEASE INC 7.25% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK</title>
        <cusip>379378300</cusip>
        <identifiers>
          <isin value="US3793783008"/>
          <ticker value="GNL A"/>
        </identifiers>
        <balance>2336.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53003.84000000</valUSD>
        <pctVal>0.060229217263</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VERIZON COMMUNICATIONS INC</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>VZ V6.2 05/14/56</title>
        <cusip>92343VHN7</cusip>
        <identifiers>
          <isin value="US92343VHN73"/>
        </identifiers>
        <balance>523000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>531807.58000000</valUSD>
        <pctVal>0.604302523712</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-05-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.20000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V6.375 08/15/55</title>
        <cusip>65339KDE7</cusip>
        <identifiers>
          <isin value="US65339KDE73"/>
        </identifiers>
        <balance>378000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>386367.22000000</valUSD>
        <pctVal>0.439036025258</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TCN V7 10/15/55</title>
        <cusip>87971MCM3</cusip>
        <identifiers>
          <isin value="US87971MCM38"/>
        </identifiers>
        <balance>189000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194760.63000000</valUSD>
        <pctVal>0.221310008835</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>FULTON FINANCIAL CORP</name>
        <lei>5493005QLZ6O1BNC0C11</lei>
        <title>FULTON FINANCIAL CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES</title>
        <cusip>360271308</cusip>
        <identifiers>
          <isin value="US3602713089"/>
          <ticker value="FULTP"/>
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        <balance>2768.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>50626.72000000</valUSD>
        <pctVal>0.057528053028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTHERN COMPANY (THE)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SO V3.75 09/15/51 21-A</title>
        <cusip>842587DJ3</cusip>
        <identifiers>
          <isin value="US842587DJ36"/>
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        <balance>398000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>397033.26000000</valUSD>
        <pctVal>0.451156038459</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AES CORP (THE)</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES V6.95 07/15/55</title>
        <cusip>00130HCL7</cusip>
        <identifiers>
          <isin value="US00130HCL78"/>
        </identifiers>
        <balance>57000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>56350.66000000</valUSD>
        <pctVal>0.064032269060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD PROPERTY PARTNERS LP</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>BROOKFIELD PROPERTY PARTNERS LP 6.50% CLASS A CUMULATIVE REDEEMABLE PERPETUAL PREFERRED UNITS SERIES 1</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG162491499"/>
          <ticker value="BPYPP"/>
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        <balance>2516.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>39073.48000000</valUSD>
        <pctVal>0.044399898501</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC FINANCIAL SERVICES GROUP INC (THE)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC V6.25 PERP W</title>
        <cusip>693475BP9</cusip>
        <identifiers>
          <isin value="US693475BP99"/>
        </identifiers>
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      </invstOrSec>
      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V0 10/01/66</title>
        <cusip>302570AW6</cusip>
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          <isin value="US302570AW69"/>
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        <balance>38000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>34627.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2066-10-01</maturityDt>
          <couponKind>Floating</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CITIZENS FINANCIAL GROUP INC</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>CITIZENS FINANCIAL GROUP INC DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 7.375% FIXED-RATE NON-CUMULATIVE PERPETUAL PREFERRED</title>
        <cusip>174610600</cusip>
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          <isin value="US1746106004"/>
          <ticker value="CFG H"/>
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        <balance>4120.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>106625.60000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BELL CANADA</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>BCECN V6.875 09/15/55</title>
        <cusip>0778FPAP4</cusip>
        <identifiers>
          <isin value="US0778FPAP47"/>
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        <balance>247000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>253768.29000000</valUSD>
        <pctVal>0.288361474812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES</title>
        <cusip>95002Y202</cusip>
        <identifiers>
          <isin value="US95002Y2028"/>
          <ticker value="WFC C"/>
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        <balance>12338.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212213.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BAC CAPITAL TRUST XIV</name>
        <lei>549300QO5OB3VGJT6S64</lei>
        <title>BAC V0 PERP G</title>
        <cusip>05518VAA3</cusip>
        <identifiers>
          <isin value="US05518VAA35"/>
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        <balance>85000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>69700.00000000</valUSD>
        <pctVal>0.079201364340</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.33562000</annualizedRt>
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          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF V3.95 PERP M</title>
        <cusip>14040HCF0</cusip>
        <identifiers>
          <isin value="US14040HCF01"/>
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        <balance>338000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>336310.00000000</valUSD>
        <pctVal>0.382155105329</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.95000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>PUBLIC STORAGE DEPOSITARY SHARES EACH REPRESENTING 1/1000 OF A 4.000% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES P</title>
        <cusip>74460W461</cusip>
        <identifiers>
          <isin value="US74460W4612"/>
          <ticker value="PSA P"/>
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        <balance>7286.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>114900.22000000</valUSD>
        <pctVal>0.130563187762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>AMERICAN ELECTRIC POWER COMPANY INC</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>AEP V5.8 03/15/56 C</title>
        <cusip>02557TAE9</cusip>
        <identifiers>
          <isin value="US02557TAE91"/>
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        <balance>320000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>318728.80000000</valUSD>
        <pctVal>0.362177271372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.80000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP 5.875% NON-CUMULATIVE PREFERRED STOCK.</title>
        <cusip>060505195</cusip>
        <identifiers>
          <isin value="US0605051954"/>
          <ticker value="BAC K"/>
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        <balance>8301.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>203789.55000000</valUSD>
        <pctVal>0.231569733118</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRITON INTERNATIONAL LTD</name>
        <lei>N/A</lei>
        <title>TRITON INTERNATIONAL LTD 8.00% SERIES B CUMULATIVE REDEEMABLE PERPETUAL PREFERENCE SHARES</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="BMG9078F1317"/>
          <ticker value="TRTN B"/>
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        <balance>1724.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>43996.48000000</valUSD>
        <pctVal>0.049993991996</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V6.1 PERP PP</title>
        <cusip>48128BAR2</cusip>
        <identifiers>
          <isin value="US48128BAR24"/>
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        <balance>80000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>80700.00000000</valUSD>
        <pctVal>0.091700862299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V5.875 PERP M</title>
        <cusip>61762VAA9</cusip>
        <identifiers>
          <isin value="US61762VAA98"/>
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        <balance>32000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>31680.00000000</valUSD>
        <pctVal>0.035998554122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU V3.7 10/01/50</title>
        <cusip>744320BH4</cusip>
        <identifiers>
          <isin value="US744320BH48"/>
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        <balance>165000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>151874.50000000</valUSD>
        <pctVal>0.172577727526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BRIGHTHOUSE FINANCIAL INC</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>BRIGHTHOUSE FINANCIAL INC DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF THE ISSUERS 4.625% NON-CUMULATIVE PREFERRED STOCK, SE</title>
        <cusip>10922N889</cusip>
        <identifiers>
          <isin value="US10922N8891"/>
          <ticker value="BHFAM"/>
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        <balance>4062.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>44600.76000000</valUSD>
        <pctVal>0.050680646235</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC 5.95 12/15/36 *</title>
        <cusip>949746NL1</cusip>
        <identifiers>
          <isin value="US949746NL15"/>
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        <balance>158000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>161551.92000000</valUSD>
        <pctVal>0.183574354029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2036-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.95000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF SERIES O NON-CUMULATIVE PERPETUAL PREFERRED STOCK</title>
        <cusip>89832Q745</cusip>
        <identifiers>
          <isin value="US89832Q7455"/>
          <ticker value="TFC O"/>
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        <balance>6273.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>132109.38000000</valUSD>
        <pctVal>0.150118265971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CVS HEALTH CORP</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS V6.75 12/10/54</title>
        <cusip>126650EG1</cusip>
        <identifiers>
          <isin value="US126650EG12"/>
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        <balance>129000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>134152.91000000</valUSD>
        <pctVal>0.152440365886</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VOD V7 04/04/79</title>
        <cusip>92857WBQ2</cusip>
        <identifiers>
          <isin value="US92857WBQ24"/>
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        <balance>605000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>627657.25000000</valUSD>
        <pctVal>0.713218228670</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-04-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD INFRASTRUCTURE FINANCE ULC</name>
        <lei>984500CDDWC47U7DBA74</lei>
        <title>BIP V6.75 03/15/55</title>
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      <invstOrSec>
        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <name>ENTERGY CORP</name>
        <lei>4XM3TW50JULSLG8BNC79</lei>
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          <couponKind>Fixed</couponKind>
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        <name>EQUITABLE HOLDINGS INC</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>EQH V6.7 03/28/55</title>
        <cusip>29452EAD3</cusip>
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          <isin value="US29452EAD31"/>
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        <curCd>USD</curCd>
        <valUSD>238270.61000000</valUSD>
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          <maturityDt>2055-03-28</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERICAN ELECTRIC POWER COMPANY INC</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
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        <cusip>02557TAF6</cusip>
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          <isin value="US02557TAF66"/>
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        <curCd>USD</curCd>
        <valUSD>460407.43000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP DEPOSITARY SHARES EACH REPRESENTING 1/1,000TH INTEREST IN A SHARE OF SERIES M NON-CUMULATIVE PERPETUAL PREFERRED STOCK</title>
        <cusip>902973718</cusip>
        <identifiers>
          <isin value="US9029737189"/>
          <ticker value="USB R"/>
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        <balance>10475.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>164143.25000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>F&amp;G ANNUITIES &amp; LIFE INC</name>
        <lei>N/A</lei>
        <title>F&amp;G ANNUITIES &amp; LIFE INC 7.95% SENIOR NOTES DUE 12/15/2053</title>
        <cusip>30190A203</cusip>
        <identifiers>
          <isin value="US30190A2033"/>
          <ticker value="FGN"/>
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        <balance>2264.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56622.64000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BRIGHTHOUSE FINANCIAL INC</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>BRIGHTHOUSE FINANCIAL INC 6.250% JUNIOR SUBORDINATED DEBENTURES DUE SEPTEMBER 15, 2058</title>
        <cusip>10922N202</cusip>
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          <isin value="US10922N2027"/>
          <ticker value="BHFAL"/>
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        <curCd>USD</curCd>
        <valUSD>72802.58000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP DEP SHS EACH REP A 1/1,000TH INT IN A SHARE OF BANK OF AMERICA CORP 5.375% NON-CUMULATIVE PREFERRED STOCK, SERIES KK</title>
        <cusip>06053U601</cusip>
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          <isin value="US06053U6010"/>
          <ticker value="BAC M"/>
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        <balance>13405.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>292229.00000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>VOYA FINANCIAL INC</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>VOYA V7.758 PERP A</title>
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        <identifiers>
          <isin value="US929089AG55"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>49890.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUKE ENERGY CORP 5.625% JUNIOR SUBORDINATED DEBENTURES DUE 2078</title>
        <cusip>26441C402</cusip>
        <identifiers>
          <isin value="US26441C4024"/>
          <ticker value="DUKB"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>145805.44000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC 5.625% JUNIOR SUBORDINATED NOTES DUE 2058</title>
        <cusip>744320805</cusip>
        <identifiers>
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          <ticker value="PRS"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>CVS HEALTH CORP</name>
        <lei>549300EJG376EN5NQE29</lei>
        <title>CVS V7 03/10/55</title>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>VOYA FINANCIAL INC</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>VOYA V4.7 01/23/48</title>
        <cusip>929089AF7</cusip>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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          <ticker value="MS L"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>ASSOCIATED BANC-CORP</name>
        <lei>549300N3CIN473IW5094</lei>
        <title>ASSOCIATED BANC-CORP FIXED-RATE RESET SUBORDINATED NOTES DUE MARCH 1, 2033</title>
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          <isin value="US0454876006"/>
          <ticker value="ASBA"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>TRANSCANADA PIPELINES LTD</name>
        <lei>5BV01I6231JPDAPMGH09</lei>
        <title>TRPCN V0 05/15/67</title>
        <cusip>89352HAC3</cusip>
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          <isin value="US89352HAC34"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Floating</couponKind>
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      <invstOrSec>
        <name>MELLON CAPITAL IV</name>
        <lei>N/A</lei>
        <title>BNY V0 PERP 1</title>
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          <isin value="US58551TAA51"/>
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        <balance>134000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>113062.50000000</valUSD>
        <pctVal>0.128474953454</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>DTE ENERGY COMPANY</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE ENERGY COMPANY 6.250% JUNIOR SUBORDINATED DEBENTURES DUE ON OCTOBER 1, 2085</title>
        <cusip>233331792</cusip>
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          <isin value="US2333317921"/>
          <ticker value="DTK"/>
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        <balance>5528.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>135657.12000000</valUSD>
        <pctVal>0.154149626779</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TRITON INTERNATIONAL LTD</name>
        <lei>N/A</lei>
        <title>TRITON INTERNATIONAL LTD 7.375% SERIES C CUMULATIVE REDEEMABLE PERPETUAL PREFERENCE SHARES</title>
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          <ticker value="TRTN C"/>
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        <curCd>USD</curCd>
        <valUSD>59068.24000000</valUSD>
        <pctVal>0.067120304120</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHERN COMPANY (THE)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SOUTHERN COMPANY (THE) SERIES 2017B 5.25% JUNIOR SUBORDINATED NOTES DUE DECEMBER 1, 2077</title>
        <cusip>842587404</cusip>
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          <isin value="US8425874042"/>
          <ticker value="SOJC"/>
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        <curCd>USD</curCd>
        <valUSD>131938.30000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
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        <cusip>74460W578</cusip>
        <identifiers>
          <isin value="US74460W5783"/>
          <ticker value="PSA K"/>
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        <curCd>USD</curCd>
        <valUSD>59008.60000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>KEYCORP</name>
        <lei>RKPI3RZGV1V1FJTH5T61</lei>
        <title>KEYCORP DEPOSITARY SHARES EACH REPRESENTING A 1/40TH OWNERSHIP INTEREST IN A SHARE OF FIXED-TO-FLOATING RATE PERPETUAL NON-CUMULATIVE PREFERRED STOCK,</title>
        <cusip>493267702</cusip>
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          <isin value="US4932677028"/>
          <ticker value="KEY I"/>
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        <balance>6897.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>174494.10000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V6.5 08/15/55 .</title>
        <cusip>65339KDF4</cusip>
        <identifiers>
          <isin value="US65339KDF49"/>
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        <balance>218000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>226222.52000000</valUSD>
        <pctVal>0.257060720639</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>AFFILIATED MANAGERS GROUP INC</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>AFFILIATED MANAGERS GROUP INC FIXED JUNIOR SUBORDINATED NOTES DUE MARCH 30, 2064</title>
        <cusip>008252827</cusip>
        <identifiers>
          <isin value="US0082528276"/>
          <ticker value="MGRE"/>
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        <balance>5497.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>130883.57000000</valUSD>
        <pctVal>0.148725356008</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SOUTHERN COMPANY (THE)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SOUTHERN COMPANY (THE) CALLABLE JUNIOR SUBORDINATED NOTES DUE 10/15/2060</title>
        <cusip>842587883</cusip>
        <identifiers>
          <isin value="US8425878837"/>
          <ticker value="SOJE"/>
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        <balance>8867.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>150029.64000000</valUSD>
        <pctVal>0.170481379907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>GLOBE LIFE INC</name>
        <lei>5493001JFHKQOPP6XA71</lei>
        <title>GLOBE LIFE INC 4.250% JUNIOR SUBORDINATED DEBENTURES DUE JUNE 15, 2061</title>
        <cusip>37959E300</cusip>
        <identifiers>
          <isin value="US37959E3009"/>
          <ticker value="GL D"/>
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        <balance>4564.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>71289.68000000</valUSD>
        <pctVal>0.081007746333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CENTERPOINT ENERGY INC</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
        <title>CNP V6.7 05/15/55</title>
        <cusip>15189TBP1</cusip>
        <identifiers>
          <isin value="US15189TBP12"/>
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        <balance>89000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>91521.90000000</valUSD>
        <pctVal>0.103997982023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-05-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.70000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>ATHENE HOLDING LTD DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF THE ISSUERS 4.875% FIXED-RATE PERPETUAL NON-CUMULATIVE PREFE</title>
        <cusip>04686J408</cusip>
        <identifiers>
          <isin value="US04686J4085"/>
          <ticker value="ATH D"/>
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        <balance>6439.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>105213.26000000</valUSD>
        <pctVal>0.119555720785</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TCN V6.375 06/09/56 .</title>
        <cusip>87971MCQ4</cusip>
        <identifiers>
          <isin value="US87971MCQ42"/>
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        <balance>227000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>227169.91000000</valUSD>
        <pctVal>0.258137256946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>W. R. BERKLEY CORP</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W. R. BERKLEY CORP 4.125% SUBORDINATED DEBENTURES DUE MARCH 30, 2061</title>
        <cusip>084423870</cusip>
        <identifiers>
          <isin value="US0844238701"/>
          <ticker value="WRB H"/>
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        <balance>4168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>65604.32000000</valUSD>
        <pctVal>0.074547369449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WELLS FARGO &amp; COMPANY DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL CLASS A PREFERRED STOCK, SERIES</title>
        <cusip>94988U128</cusip>
        <identifiers>
          <isin value="US94988U1280"/>
          <ticker value="WFC A"/>
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        <balance>13787.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253680.80000000</valUSD>
        <pctVal>0.288262058350</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU V5.7 09/15/48</title>
        <cusip>744320BF8</cusip>
        <identifiers>
          <isin value="US744320BF81"/>
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        <balance>440000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>443002.56000000</valUSD>
        <pctVal>0.503391781326</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-09-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.70000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>PUBLIC STORAGE DEPOSITARY SHARES EACH REPRESENTING 1/1000 OF A 3.900% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES O</title>
        <cusip>74460W487</cusip>
        <identifiers>
          <isin value="US74460W4877"/>
          <ticker value="PSA O"/>
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        <balance>2372.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>35935.80000000</valUSD>
        <pctVal>0.040834496250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PNC FINANCIAL SERVICES GROUP INC (THE)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC V5 PERP S</title>
        <cusip>693475AQ8</cusip>
        <identifiers>
          <isin value="US693475AQ81"/>
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        <balance>141000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>141352.50000000</valUSD>
        <pctVal>0.160621389569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COBANK ACB</name>
        <lei>P0J8I7M2E0A77CKF1705</lei>
        <title>COBKAC V6.45 PERP K</title>
        <cusip>19075QAE2</cusip>
        <identifiers>
          <isin value="US19075QAE26"/>
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        <balance>250000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>249333.70000000</valUSD>
        <pctVal>0.283322370389</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.45000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TFC V5.1 PERP Q</title>
        <cusip>89832QAF6</cusip>
        <identifiers>
          <isin value="US89832QAF63"/>
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        <balance>495000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>493143.75000000</valUSD>
        <pctVal>0.560368117878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SE</title>
        <cusip>14040H824</cusip>
        <identifiers>
          <isin value="US14040H8245"/>
          <ticker value="COF I"/>
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        <balance>11104.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>202759.04000000</valUSD>
        <pctVal>0.230398746060</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUK V3.25 01/15/82</title>
        <cusip>26441CBP9</cusip>
        <identifiers>
          <isin value="US26441CBP95"/>
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        <balance>53000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>52205.00000000</valUSD>
        <pctVal>0.059321480995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2082-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MS V0 PERP N</title>
        <cusip>61745VAB9</cusip>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>EMERA US FINANCE LLC</name>
        <lei>NQZVQT2P5IUF2PGA1Q48</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CENTERPOINT ENERGY INC</name>
        <lei>21TPXMRRHFKOBHDC8J74</lei>
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          <isin value="US15189TBS50"/>
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        <valUSD>145786.18000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MERCHANTS BANCORP (INDIANA)</name>
        <lei>54930008Y0GPVLF81889</lei>
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        <cusip>58844R884</cusip>
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          <isin value="US58844R8842"/>
          <ticker value="MBINM"/>
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        <curCd>USD</curCd>
        <valUSD>64744.80000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>COREBRIDGE FINANCIAL INC</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>COREBRIDGE FINANCIAL INC 6.375% JUNIOR SUBORDINATED NOTES DUE DECEMBER 15,2064.</title>
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          <isin value="US21871X2080"/>
          <ticker value="CRBD"/>
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        <curCd>USD</curCd>
        <valUSD>164694.90000000</valUSD>
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        <invCountry>US</invCountry>
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        <name>AFFILIATED MANAGERS GROUP INC</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>AFFILIATED MANAGERS GROUP INC 5.875% JUNIOR SUBORDINATED NOTES DUE MARCH 30, 2059</title>
        <cusip>008252850</cusip>
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          <isin value="US0082528508"/>
          <ticker value="MGR"/>
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        <valUSD>83485.04000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NI V6.95 11/30/54</title>
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          <isin value="US65473PAR64"/>
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        <curCd>USD</curCd>
        <valUSD>117039.35000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-11-30</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AGREE REALTY CORP</name>
        <lei>98450090H010B37OEB68</lei>
        <title>AGREE REALTY CORP DEPOSITARY SHARES EACH REPRESENTING 1/1000TH OF A SHARE OF 4.250% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK</title>
        <cusip>008492209</cusip>
        <identifiers>
          <isin value="US0084922097"/>
          <ticker value="ADC A"/>
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        <balance>682.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>11641.74000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TCN V6.625 06/09/56 ...</title>
        <cusip>87971MCR2</cusip>
        <identifiers>
          <isin value="US87971MCR25"/>
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        <balance>224000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>223352.19000000</valUSD>
        <pctVal>0.253799113005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-09</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET F 11/01/66 *</title>
        <cusip>29273RBA6</cusip>
        <identifiers>
          <isin value="US29273RBA68"/>
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        <balance>65000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65105.82000000</valUSD>
        <pctVal>0.073980914928</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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      <invstOrSec>
        <name>BRIGHTHOUSE FINANCIAL INC</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>BRIGHTHOUSE FINANCIAL INC DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 6.600% NON-CUMULATIVE PREFERRED STOCK,SERIES A</title>
        <cusip>10922N301</cusip>
        <identifiers>
          <isin value="US10922N3017"/>
          <ticker value="BHFAP"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>75015.65000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY DEPOSITARY SHARES EACH REPRESENTING 1/1,000 TH OF A SHARE OF FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES K</title>
        <cusip>61762V606</cusip>
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          <isin value="US61762V6065"/>
          <ticker value="MS K"/>
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        <curCd>USD</curCd>
        <valUSD>328810.41000000</valUSD>
        <pctVal>0.373633186247</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>BELL CANADA</name>
        <lei>5493000G3EFX9S7TDE29</lei>
        <title>BCECN V7 09/15/55</title>
        <cusip>0778FPAQ2</cusip>
        <identifiers>
          <isin value="US0778FPAQ20"/>
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        <curCd>USD</curCd>
        <valUSD>301045.17000000</valUSD>
        <pctVal>0.342083044364</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.00000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>PUBLIC STORAGE</name>
        <lei>254900GLQZAD4N7N5Q19</lei>
        <title>PUBLIC STORAGE DEP SHS EACH REPRESENTING 1/1000 OF A 4.700% CUMULATIVE PREFERRED SHARE OF BENEFICIAL INTEREST, SERIES J</title>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>EMERA US FINANCE LLC</name>
        <lei>N/A</lei>
        <title>EMACN V6.65 10/01/56 A</title>
        <cusip>29103HAA5</cusip>
        <identifiers>
          <isin value="US29103HAA59"/>
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        <curCd>USD</curCd>
        <valUSD>30516.09000000</valUSD>
        <pctVal>0.034675982243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>COF V5.5 PERP O</title>
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        <curCd>USD</curCd>
        <valUSD>77577.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V6.875 PERP NN</title>
        <cusip>48128BAQ4</cusip>
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          <isin value="US48128BAQ41"/>
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        <curCd>USD</curCd>
        <valUSD>617287.50000000</valUSD>
        <pctVal>0.701434895128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.87500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>SOUTHERN COMPANY (THE)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SOUTHERN COMPANY (THE) CALLABLE JUNIOR SUBORDINATED NOTES DUE MARCH 15, 2085</title>
        <cusip>842587867</cusip>
        <identifiers>
          <isin value="US8425878670"/>
          <ticker value="SOJF"/>
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        <balance>6315.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159580.05000000</valUSD>
        <pctVal>0.181333682662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS V6.5 06/01/55</title>
        <cusip>125896BY5</cusip>
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          <isin value="US125896BY50"/>
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        <balance>326000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>335113.49000000</valUSD>
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        <name>TEXAS CAPITAL BANCSHARES INC</name>
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        <name>AFFILIATED MANAGERS GROUP INC</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
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        <name>KEYCORP</name>
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        <name>NEVADA POWER COMPANY</name>
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        <name>SUMISHO AIR LEASE CORP</name>
        <lei>5493004NW4M4P8TMMK63</lei>
        <title>SUMIAL V4.125 PERP C</title>
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        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V6.125 PERP TT</title>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>VORNADO REALTY TRUST</name>
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        <invCountry>US</invCountry>
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        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
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        <name>SCE TRUST II</name>
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        <name>METLIFE INC</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MET V5.875 PERP D</title>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <title>NEXTERA ENERGY CAPITAL HOLDINGS INC SERIES U JUNIOR SUBORDINATED DEBENTURES DUE JUNE 1, 2085</title>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <name>KKR &amp; CO. INC</name>
        <lei>54930013V5I303TF9571</lei>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <lei>549300GRNBWY8HIICT41</lei>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>SEMPRA</name>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <name>SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD</name>
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        <name>ALGONQUIN POWER &amp; UTILITIES CORP</name>
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        <name>RENAISSANCERE HOLDINGS LTD</name>
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        <name>GENERAL MOTORS FINANCIAL COMPANY INC</name>
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        <name>CMS ENERGY CORP</name>
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        <name>ASPEN INSURANCE HOLDINGS LTD</name>
        <lei>549300YX6HECG9XQCQ75</lei>
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        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <name>SUMISHO AIR LEASE CORP</name>
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        <name>METLIFE INC</name>
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        <name>DOMINION ENERGY INC</name>
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        <name>GENERAL MOTORS FINANCIAL COMPANY INC</name>
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        <name>CITIGROUP INC</name>
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        <name>CENTERPOINT ENERGY INC</name>
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        <name>BANK OF AMERICA CORP</name>
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        <name>HUNTINGTON BANCSHARES INC</name>
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        <name>COREBRIDGE FINANCIAL INC</name>
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        <name>ASPEN INSURANCE HOLDINGS LTD</name>
        <lei>549300YX6HECG9XQCQ75</lei>
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        <name>AT&amp;T INC</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T INC 5.350% GLOBAL NOTES DUE 2066</title>
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        <name>EQUITABLE HOLDINGS INC</name>
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        <name>DTE ENERGY COMPANY</name>
        <lei>549300IX8SD6XXD71I78</lei>
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        <cusip>233331826</cusip>
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        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
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        <name>AXIS SPECIALTY FINANCE LLC</name>
        <lei>N/A</lei>
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        <name>EVERSOURCE ENERGY</name>
        <lei>SJ7XXD41SQU3ZNWUJ746</lei>
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        <name>XCEL ENERGY INC</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>XEL V5.75 12/03/56</title>
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        <name>SOUTHERN COMPANY (THE)</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>SO V6 04/01/58</title>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>SPIRE INC (US)</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SPIRE INC (US) 6.375% JUNIOR SUBORDINATED NOTES DUE 2086</title>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <title>NEE V5.65 05/01/79</title>
        <cusip>65339KBK5</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>ENTERGY NEW ORLEANS LLC</name>
        <lei>1Q8BAFRNDFTDI3IGJH73</lei>
        <title>ENTERGY NEW ORLEANS LLC FIRST MORTGAGE BONDS, 5.50% SERIES DUE APRIL 1, 2066</title>
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          <ticker value="ENO"/>
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        <assetCat>EP</assetCat>
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        <name>CARLYLE FINANCE LLC</name>
        <lei>N/A</lei>
        <title>CARLYLE FINANCE LLC CARLYLE FINANCE L.L.C. 4.625% SUBORDINATED NOTES DUE MAY 15, 2061</title>
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        <name>HUNTINGTON BANCSHARES INC</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HUNTINGTON BANCSHARES INC DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 6.875% SERIES J NON-CUMULATIVE PERPETUAL PREFERRED STOC</title>
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        <assetCat>EP</assetCat>
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        <name>SPIRE INC (US)</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SR V6.25 06/01/56</title>
        <cusip>84857LAD3</cusip>
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        <name>FIRST HORIZON CORP</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>FIRST HORIZON CORP DEPOSITARY SHARESEACH REPRESENTING 1/4,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES H</title>
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          <ticker value="FHN H"/>
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        <assetCat>EP</assetCat>
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        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN V7.375 01/15/83</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>DUKE ENERGY CORP</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>DUK V6.45 09/01/54</title>
        <cusip>26441CCG8</cusip>
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        <valUSD>304137.50000000</valUSD>
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        <name>BROOKFIELD FINANCE INC</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>BROOKFIELD FINANCE INC SUBORDINATED NOTES DUE OCTOBER 16, 2080</title>
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          <ticker value="BNH"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>TRUIST FINANCIAL CORP</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>TRUIST FINANCIAL CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF SERIES R NON-CUMULATIVE PERPETUAL PREFERRED STOCK</title>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>SPIRE INC (US)</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>SR V6.45 06/01/56</title>
        <cusip>84857LAE1</cusip>
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        <name>SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD</name>
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        <name>AMERICAN HOMES 4 RENT</name>
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        <name>QWEST CORP</name>
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        <name>NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP</name>
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        <name>EUSHI FINANCE INC</name>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <lei>5KYC8KF17ROCY24M3H09</lei>
        <title>PARA V6.25 02/28/57</title>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <name>BANK OF HAWAII CORP</name>
        <lei>5493006Q8BQ8AD8M2U33</lei>
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        <lei>Q774KI4AW80FHFW33O61</lei>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPM V0 PERP II</title>
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        <name>STATE STREET CORP</name>
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        <lei>549300FIBAKMNHPZ4009</lei>
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        <name>AMERICAN NATIONAL GROUP INC</name>
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        <name>FIRST HORIZON CORP</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
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        <name>ALLY FINANCIAL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY V7.1 PERP D</title>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <cusip>94988U656</cusip>
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          <ticker value="WFC Y"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>QWEST CORP</name>
        <lei>549300R2L4N683OO1509</lei>
        <title>QWEST CORP 6.5% NOTES DUE 2056</title>
        <cusip>74913G881</cusip>
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          <ticker value="CTBB"/>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ALLSTATE CORP (THE)</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>ALL V0 08/15/53 B</title>
        <cusip>020002BB6</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ARCH CAPITAL GROUP LTD</name>
        <lei>549300AYR4P8AFKDCE43</lei>
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        <cusip>03939A404</cusip>
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          <isin value="US03939A4040"/>
          <ticker value="ACGLN"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

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        <fairValLevel>2</fairValLevel>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BAC V5.875 PERP FF</title>
        <cusip>060505FL3</cusip>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>NATIONWIDE FINANCIAL SERVICES INC</name>
        <lei>5493001H7AZNDS6BKJ36</lei>
        <title>NATMUT 6.75 05/15/37</title>
        <cusip>638612AJ0</cusip>
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        <curCd>USD</curCd>
        <valUSD>111091.51000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>AERCAP IRELAND CAPITAL DAC / AERCAP GLOBAL AVIATION TRUST</name>
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        <title>AER V6.5 01/31/56</title>
        <cusip>00774MBQ7</cusip>
        <identifiers>
          <isin value="US00774MBQ78"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-01-31</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
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        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US BANCORP DEPOSITARY SHARES, EACH REPRESENTING 1/1,000TH INTEREST IN A SHARE OF SERIES O NON-CUMULATIVE PERPETUAL PREFERRED STOCK</title>
        <cusip>902973668</cusip>
        <identifiers>
          <isin value="US9029736686"/>
          <ticker value="USB S"/>
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        <curCd>USD</curCd>
        <valUSD>108274.90000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN V6 01/15/77 16-A</title>
        <cusip>29250NAN5</cusip>
        <identifiers>
          <isin value="US29250NAN57"/>
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        <balance>340000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>342550.00000000</valUSD>
        <pctVal>0.389245729625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN V7.625 01/15/83</title>
        <cusip>29250NBP9</cusip>
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          <isin value="US29250NBP96"/>
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        <balance>185000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>201674.61000000</valUSD>
        <pctVal>0.229166488735</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.62500000</annualizedRt>
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        <name>DTE ENERGY COMPANY</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE ENERGY COMPANY JUNIOR SUBORDINATED DEBENTURES</title>
        <cusip>233331859</cusip>
        <identifiers>
          <isin value="US2333318598"/>
          <ticker value="DTW"/>
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        <balance>3703.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>77911.12000000</valUSD>
        <pctVal>0.088531807766</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF BANK OF AMERICA CORPORATION 4.375% NON-CUMULATIVE PREFERR</title>
        <cusip>06055H400</cusip>
        <identifiers>
          <isin value="US06055H4002"/>
          <ticker value="BAC O"/>
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        <balance>10493.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>183522.57000000</valUSD>
        <pctVal>0.208539999014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>SL GREEN REALTY CORP</name>
        <lei>549300VQZPJU97H3GT17</lei>
        <title>SL GREEN REALTY CORP 6.50% SERIES I CUMULATIVE REDEEMABLE PREFERRED STOCK</title>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <cusip>316773860</cusip>
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          <ticker value="FITBO"/>
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        <valUSD>63366.80000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HUNTINGTON BANCSHARES INC</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>HBAN V4.45 PERP G</title>
        <cusip>446150AV6</cusip>
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        <name>SYNCHRONY FINANCIAL</name>
        <lei>549300RS7EWPM9MA6C78</lei>
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        <cusip>87165B400</cusip>
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          <ticker value="SYF B"/>
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      <invstOrSec>
        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>ATHENE HOLDING LTD 6.35%DEP 1/1000TH PERP NON CUM PFD SER A</title>
        <cusip>04686J861</cusip>
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          <isin value="US04686J8615"/>
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        <fairValLevel>2</fairValLevel>
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        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU V6.5 03/15/54</title>
        <cusip>744320BP6</cusip>
        <identifiers>
          <isin value="US744320BP63"/>
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        <curCd>USD</curCd>
        <valUSD>290439.63000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS ENERGY CORP 5.875% OF JUNIOR SUBORDINATED PREFERRED SECURITIES DUE ON 10/15/2078</title>
        <cusip>125896852</cusip>
        <identifiers>
          <isin value="US1258968528"/>
          <ticker value="CMSC"/>
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        <balance>3296.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>74951.04000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLY FINANCIAL INC</name>
        <lei>549300JBN1OSM8YNAI90</lei>
        <title>ALLY V4.7 PERP C</title>
        <cusip>02005NBN9</cusip>
        <identifiers>
          <isin value="US02005NBN93"/>
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        <curCd>USD</curCd>
        <valUSD>355519.13000000</valUSD>
        <pctVal>0.403982785440</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.70000000</annualizedRt>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>XCEL ENERGY INC</name>
        <lei>LGJNMI9GH8XIDG5RCM61</lei>
        <title>XCEL ENERGY INC 6.25% NOTES ISSUED DUE ON OCTOBER 15, 2085</title>
        <cusip>98389B878</cusip>
        <identifiers>
          <isin value="US98389B8789"/>
          <ticker value="XELLL"/>
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        <balance>10224.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245682.72000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>EDISON INTERNATIONAL</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>EIX V7.875 06/15/54</title>
        <cusip>281020AZ0</cusip>
        <identifiers>
          <isin value="US281020AZ01"/>
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        <balance>16000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>16330.10000000</valUSD>
        <pctVal>0.018556186511</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2054-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.87500000</annualizedRt>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF BANK OF AMERICA CORPORATION 4.750% NON-CUMULATIVE PREFERRE</title>
        <cusip>06055H871</cusip>
        <identifiers>
          <isin value="US06055H8714"/>
          <ticker value="BAC S"/>
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        <curCd>USD</curCd>
        <valUSD>127942.08000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PINNACLE FINANCIAL PARTNERS INC</name>
        <lei>N/A</lei>
        <title>PINNACLE FINANCIAL PARTNERS INC FIXED RATE RESET NON-CUM PERP PFD SER B</title>
        <cusip>72348N307</cusip>
        <identifiers>
          <isin value="US72348N3070"/>
          <ticker value="PNFP B"/>
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        <balance>5828.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>155432.76000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FIRST HORIZON CORP</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>FIRST HORIZON CORP DEPOSITARY SHARES EACH REPRESENTING 1/4,000TH INTEREST IN A SHARE OF NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES E</title>
        <cusip>320517402</cusip>
        <identifiers>
          <isin value="US3205174028"/>
          <ticker value="FHN E"/>
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        <balance>2048.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>49418.24000000</valUSD>
        <pctVal>0.056154835456</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>WFC V6.85 PERP</title>
        <cusip>95002YAC7</cusip>
        <identifiers>
          <isin value="US95002YAC75"/>
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        <balance>536000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>552080.00000000</valUSD>
        <pctVal>0.627338439386</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.85000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SIERRA PACIFIC POWER COMPANY</name>
        <lei>QB888G5GSVGE1LD1WV84</lei>
        <title>BRKHEC V6.2 12/15/55</title>
        <cusip>826418BR5</cusip>
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          <isin value="US826418BR51"/>
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        <curCd>USD</curCd>
        <valUSD>177599.73000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <cusip>61762V853</cusip>
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          <isin value="US61762V8533"/>
          <ticker value="MS P"/>
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        <curCd>USD</curCd>
        <valUSD>248545.39000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET V7.125 10/01/54</title>
        <cusip>29273VBC3</cusip>
        <identifiers>
          <isin value="US29273VBC37"/>
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        <balance>328000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>338250.00000000</valUSD>
        <pctVal>0.384359562241</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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      <invstOrSec>
        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>FITB V0 PERP H</title>
        <cusip>316773CM0</cusip>
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          <isin value="US316773CM07"/>
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        <balance>119000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>119446.25000000</valUSD>
        <pctVal>0.135728923463</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
          <couponKind>Floating</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BROOKFIELD INFRASTRUCTURE FINANCE ULC</name>
        <lei>984500CDDWC47U7DBA74</lei>
        <title>BROOKFIELD INFRASTRUCTURE FINANCE ULC 7.25% SUBORDINATED NOTES DUE MAY 31, 2084</title>
        <cusip>11276B208</cusip>
        <identifiers>
          <isin value="US11276B2088"/>
          <ticker value="BIPJ"/>
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        <balance>2120.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53530.00000000</valUSD>
        <pctVal>0.060827102340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>US BANCORP</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>USB V5.3 PERP J</title>
        <cusip>902973AZ9</cusip>
        <identifiers>
          <isin value="US902973AZ90"/>
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        <balance>263000.00000000</balance>
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        <curCd>USD</curCd>
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        <name>DOMINION ENERGY INC</name>
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        <name>EPR PROPERTIES</name>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
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        <name>JP MORGAN CHASE &amp; COMPANY</name>
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        <name>WELLS FARGO &amp; COMPANY</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
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        <name>T-MOBILE USA INC</name>
        <lei>549300V2JRLO5DIFGE82</lei>
        <title>T-MOBILE USA INC 5.500% SENIOR NOTES DUE ON JUNE 1, 2070</title>
        <cusip>87264A303</cusip>
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          <ticker value="TMUSI"/>
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        <name>FIFTH THIRD BANCORP</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
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        <name>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>SCHW V5 PERP K</title>
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        <name>AMERICAN FINANCIAL GROUP INC</name>
        <lei>549300AFOM7IVKIU1G39</lei>
        <title>AMERICAN FINANCIAL GROUP INC 5.625% SUBORDINATED DEBENTURES DUE 1-JUN-2060</title>
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        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
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        <name>NORTHERN TRUST CORP</name>
        <lei>549300GLF98S992BC502</lei>
        <title>NTRS V4.6 PERP D</title>
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        <invCountry>US</invCountry>
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        <name>APOLLO GLOBAL MANAGEMENT INC</name>
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        <title>APOLLO GLOBAL MANAGEMENT INC FIXED-RATE RESETTABLE JUNIOR SUBORDINATED NOTES DUE 9/15/2053</title>
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        <name>BP CAPITAL MARKETS PLC</name>
        <lei>549300CRVT18MXX0AG93</lei>
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        <issuerCat>CORP</issuerCat>
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        <name>STIFEL FINANCIAL CORP</name>
        <lei>549300E5F07FE5GHJX84</lei>
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        <name>REINSURANCE GROUP OF AMERICA INC</name>
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        <name>M&amp;T BANK CORP</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>MTB V3.5 PERP</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>KKR GROUP FINANCE CO IX LLC</name>
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        <title>KKR GROUP FINANCE CO IX LLC 4.625% SUBORDINATED NOTES DUE APRIL 1, 2061</title>
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        <issuerCat>CORP</issuerCat>
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        <name>CITIGROUP INC</name>
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        <name>NAVIENT CORP</name>
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        <name>ATHENE HOLDING LTD</name>
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              <title>Enbridge Inc.</title>
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        <name>VALLEY NATIONAL BANCORP</name>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
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        <name>BANK OF NEW YORK MELLON CORP (THE)</name>
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        <title>BNY V7.166 PERP H</title>
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        <fairValLevel>2</fairValLevel>
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        <name>ENTERGY MISSISSIPPI LLC</name>
        <lei>54930043I78H35DVVW89</lei>
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          <isin value="US29364N1081"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>CMS ENERGY CORP</name>
        <lei>549300IA9XFBAGNIBW29</lei>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALLSTATE CORP (THE)</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>ALL V6.5 05/15/57</title>
        <cusip>020002AU5</cusip>
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        <curCd>USD</curCd>
        <valUSD>136319.44000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>AMERICAN EXPRESS COMPANY</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>AXP V3.55 PERP</title>
        <cusip>025816CH0</cusip>
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          <isin value="US025816CH00"/>
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        <balance>462000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>460267.50000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>3.55000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>WESTERN ALLIANCE BANCORP</name>
        <lei>5493003VJXZ5JXT9S762</lei>
        <title>WESTERN ALLIANCE BANCORP DEPOSITARY SHARES EACH REPRESENTING A 1/400TH INTEREST IN A SHARE OF 4.250% FIXED-RATE RESET NON-CUMULATIVE PERPETUAL PREFERR</title>
        <cusip>957638406</cusip>
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          <isin value="US9576384062"/>
          <ticker value="WAL A"/>
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        <balance>4132.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>99829.12000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>FLAGSTAR BANK NA</name>
        <lei>SS1TRMSN6BRNMOREEV51</lei>
        <title>FLAGSTAR BANK NA DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF WFIXED-TO-FLOATING RATE SERIES A NONCUMULATIVE PERPETUAL PREFERR</title>
        <cusip>649445202</cusip>
        <identifiers>
          <isin value="US6494452021"/>
          <ticker value="FLG A"/>
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        <balance>4057.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>94203.54000000</valUSD>
        <pctVal>0.107045177815</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>BANK OF AMERICA CORP</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>BANK OF AMERICA CORP DEPOSITARY SHARES, EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF BANK OF AMERICA CORPORATION 4.250% NON-CUMULATIVE PREFERR</title>
        <cusip>06055H806</cusip>
        <identifiers>
          <isin value="US06055H8060"/>
          <ticker value="BAC Q"/>
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        <balance>12771.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>217107.00000000</valUSD>
        <pctVal>0.246702591218</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>PNC FINANCIAL SERVICES GROUP INC (THE)</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC V6 PERP U</title>
        <cusip>693475BD6</cusip>
        <identifiers>
          <isin value="US693475BD69"/>
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        <balance>343000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>343857.50000000</valUSD>
        <pctVal>0.390731465406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>SEMPRA</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>SRE V6.375 04/01/56</title>
        <cusip>816851BW8</cusip>
        <identifiers>
          <isin value="US816851BW83"/>
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        <balance>191000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192860.82000000</valUSD>
        <pctVal>0.219151220543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.37500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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          <isLoanByFund>N</isLoanByFund>
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        <name>RENAISSANCERE HOLDINGS LTD</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
        <title>RENAISSANCERE HOLDINGS LTD DEP SHS REP 1/1000 INT PFD</title>
        <cusip>75968N309</cusip>
        <identifiers>
          <isin value="US75968N3098"/>
          <ticker value="RNR F"/>
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        <balance>8309.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>175901.53000000</valUSD>
        <pctVal>0.199880074112</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRUDENTIAL FINANCIAL INC 5.950% JUNIOR SUBORDINATED NOTES DUE SEPTEMBER 1, 2062</title>
        <cusip>744320870</cusip>
        <identifiers>
          <isin value="US7443208704"/>
          <ticker value="PRH"/>
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        <balance>3988.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>92202.56000000</valUSD>
        <pctVal>0.104771428231</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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        <name>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>CHARLES SCHWAB CORP (THE) DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 4.450% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES</title>
        <cusip>808513865</cusip>
        <identifiers>
          <isin value="US8085138654"/>
          <ticker value="SCHW J"/>
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        <balance>8229.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>144830.40000000</valUSD>
        <pctVal>0.164573389928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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        <name>BRIGHTHOUSE FINANCIAL INC</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>BRIGHTHOUSE FINANCIAL INC DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF 6.750% NON-CUMULATIVE PREFERRED STOCK, SERIES B</title>
        <cusip>10922N509</cusip>
        <identifiers>
          <isin value="US10922N5095"/>
          <ticker value="BHFAO"/>
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        <balance>4802.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>74431.00000000</valUSD>
        <pctVal>0.084577284781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>PRUDENTIAL FINANCIAL INC</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>PRU V6 09/01/52</title>
        <cusip>744320BK7</cusip>
        <identifiers>
          <isin value="US744320BK76"/>
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        <balance>494000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>505260.24000000</valUSD>
        <pctVal>0.574136303516</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.00000000</annualizedRt>
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        <name>PACIFICORP</name>
        <lei>SGY07Y7FNYBNLM6Z1M11</lei>
        <title>BRKHEC V7.125 08/15/56</title>
        <cusip>695114DG0</cusip>
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          <isin value="US695114DG09"/>
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        <balance>276000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>278011.49000000</valUSD>
        <pctVal>0.315909459259</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2056-08-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.12500000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>ATHENE HOLDING LTD</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>ATHENE HOLDING LTD DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF THE ISSUERS 7.750% FIXED-RATE RESET PERPETUAL NON-CUMULATIV</title>
        <cusip>04686J507</cusip>
        <identifiers>
          <isin value="US04686J5074"/>
          <ticker value="ATH E"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>139998.88000000</valUSD>
        <pctVal>0.159083246803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>BROOKFIELD INFRASTRUCTURE PARTNERS LP</name>
        <lei>549300WEH5R2OODI7Y90</lei>
        <title>BROOKFIELD INFRASTRUCTURE PARTNERS LP 5.00% CLASS A PREFERRED LIMITED PARTNERSHIP UNITS, SERIES 14</title>
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          <isin value="BMG162522756"/>
          <ticker value="BIP B"/>
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        <balance>2768.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>45727.36000000</valUSD>
        <pctVal>0.051960822090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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        <name>ENBRIDGE INC</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>ENBCN V7.2 06/27/54</title>
        <cusip>29250NCF0</cusip>
        <identifiers>
          <isin value="US29250NCF06"/>
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        <balance>103000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>109988.60000000</valUSD>
        <pctVal>0.124982025565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-06-27</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.20000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>MORGAN STANLEY DEPOSITARY SHARES, EACH REPRESENTING 1/1,000TH OWNERSHIP INTEREST IN A SHARE OF 4.250% NON-CUMULATIVE PREFERRED STOCK, SERIES O</title>
        <cusip>61762V861</cusip>
        <identifiers>
          <isin value="US61762V8616"/>
          <ticker value="MS O"/>
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        <balance>12407.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>212655.98000000</valUSD>
        <pctVal>0.241644817090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>PUBLIC STORAGE</name>
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        <name>DIGITAL REALTY TRUST INC</name>
        <lei>549300HKCZ31D08NEI41</lei>
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        <name>REGIONS FINANCIAL CORP</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
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        <cusip>7591EP860</cusip>
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        <name>HUMANA INC</name>
        <lei>529900YLDW34GJAO4J06</lei>
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        <cusip>444859CE0</cusip>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET V7.125 PERP G</title>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MORGAN STANLEY</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
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          <ticker value="MS Q"/>
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        <valUSD>335362.08000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>REINSURANCE GROUP OF AMERICA INC</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>RGA V0 12/15/65</title>
        <cusip>759351AE9</cusip>
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          <isin value="US759351AE91"/>
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        <curCd>USD</curCd>
        <valUSD>14422.25000000</valUSD>
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      <invstOrSec>
        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V6.95 PERP FF</title>
        <cusip>17327CAV5</cusip>
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        <curCd>USD</curCd>
        <valUSD>362543.75000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>N/A</maturityDt>
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        <name>BROOKFIELD FINANCE INC</name>
        <lei>549300XH8D8K6OYWGD17</lei>
        <title>BNCN V6.3 01/15/55</title>
        <cusip>11271LAN2</cusip>
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          <isin value="US11271LAN29"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>164807.49000000</valUSD>
        <pctVal>0.187273716808</pctVal>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-01-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.30000000</annualizedRt>
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        <name>CITIZENS FINANCIAL GROUP INC</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>CITIZENS FINANCIAL GROUP INC DEP SHS EA REP 1/40TH NON E</title>
        <cusip>174610402</cusip>
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          <isin value="US1746104025"/>
          <ticker value="CFG E"/>
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        <curCd>USD</curCd>
        <valUSD>113682.50000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>AEGON LTD</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>AEGON V5.5 04/11/48</title>
        <cusip>007924AJ2</cusip>
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          <isin value="US007924AJ23"/>
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        <curCd>USD</curCd>
        <valUSD>201458.60000000</valUSD>
        <pctVal>0.228921032685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <maturityDt>2048-04-11</maturityDt>
          <couponKind>Fixed</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <name>TRITON INTERNATIONAL LTD</name>
        <lei>N/A</lei>
        <title>TRITON INTERNATIONAL LTD 7.5% SERIES G CUMULATIVE REDEEMABLE PERPETUAL PREFERENCE SHARES</title>
        <cusip>000000000</cusip>
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          <isin value="BMG9078F3057"/>
          <ticker value="TRTN G"/>
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        <balance>2248.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>53996.96000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>FORD MOTOR CO</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>FORD MOTOR CO 6.500% NOTES DUE AUGUST 15, 2062</title>
        <cusip>345370811</cusip>
        <identifiers>
          <isin value="US3453708113"/>
          <ticker value="F D"/>
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        <curCd>USD</curCd>
        <valUSD>157727.70000000</valUSD>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>
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        <name>AMERICAN FINANCIAL GROUP INC</name>
        <lei>549300AFOM7IVKIU1G39</lei>
        <title>AMERICAN FINANCIAL GROUP INC 5.125% SUBORDINATED DEBENTURES DUE DECEMBER 15,2059</title>
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          <isin value="US0259328807"/>
          <ticker value="AFGC"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

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        <name>CITIGROUP INC</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>C V7.375 PERP Z</title>
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        <curCd>USD</curCd>
        <valUSD>481944.00000000</valUSD>
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          <couponKind>Fixed</couponKind>
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        <name>CHARLES SCHWAB CORP (THE)</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>CHARLES SCHWAB CORP (THE) DEPOSITARY SHARES, EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF 5.95% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES</title>
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          <isin value="US8085136005"/>
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        <valUSD>218688.60000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
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        <name>NEXTERA ENERGY CAPITAL HOLDINGS INC</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NEE V4.8 12/01/77</title>
        <cusip>65339KAV2</cusip>
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          <isin value="US65339KAV26"/>
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        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>260370.00000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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          <isLoanByFund>N</isLoanByFund>
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        <name>CAPITAL ONE FINANCIAL CORP</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>CAPITAL ONE FINANCIAL CORP DEPOSITARY SHARES EACH REPRESENTING A 1/40TH INTEREST IN A SHARE OF FIXED RATE NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SE</title>
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          <isin value="US14040H7742"/>
          <ticker value="COF K"/>
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        <curCd>USD</curCd>
        <valUSD>29170.08000000</valUSD>
        <pctVal>0.033146486856</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>VOYA FINANCIAL INC</name>
        <lei>549300T065Z4KJ686G75</lei>
        <title>VOYA FINANCIAL INC DEP SHS REP 1/40TH NON CUM</title>
        <cusip>929089209</cusip>
        <identifiers>
          <isin value="US9290892093"/>
          <ticker value="VOYA B"/>
        </identifiers>
        <balance>4168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>99448.48000000</valUSD>
        <pctVal>0.113005097526</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NISOURCE INC</name>
        <lei>549300D8GOWWH0SJB189</lei>
        <title>NI V5.75 07/15/56</title>
        <cusip>65473PAY1</cusip>
        <identifiers>
          <isin value="US65473PAY16"/>
        </identifiers>
        <balance>267000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>266624.73000000</valUSD>
        <pctVal>0.302970478952</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-07-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BROOKFIELD FINANCE I (UK) PLC</name>
        <lei>213800JCKNPJE9FDCJ76</lei>
        <title>BROOKFIELD FINANCE I (UK) PLC 4.50% PERPETUAL SUBORDINATED NOTES</title>
        <cusip>11272B103</cusip>
        <identifiers>
          <isin value="US11272B1035"/>
          <ticker value="BNJ"/>
        </identifiers>
        <balance>2768.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>41464.64000000</valUSD>
        <pctVal>0.047117016641</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>W. R. BERKLEY CORP</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W. R. BERKLEY CORP SUBORDINATED DEBENTURES DUE DECEMBER 30, 2059</title>
        <cusip>084423805</cusip>
        <identifiers>
          <isin value="US0844238057"/>
          <ticker value="WRB F"/>
        </identifiers>
        <balance>4168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>81025.92000000</valUSD>
        <pctVal>0.092071211061</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ENERGY TRANSFER LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>ET V6.5 PERP H</title>
        <cusip>29273VAN0</cusip>
        <identifiers>
          <isin value="US29273VAN01"/>
        </identifiers>
        <balance>115000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>115862.50000000</valUSD>
        <pctVal>0.131656643844</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>N/A</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TELUS CORP</name>
        <lei>894500TX134IMF6NW757</lei>
        <title>TCN V6.625 10/15/55 **</title>
        <cusip>87971MCL5</cusip>
        <identifiers>
          <isin value="US87971MCL54"/>
        </identifiers>
        <balance>230000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>232507.23000000</valUSD>
        <pctVal>0.264202149714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-10-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>VODAFONE GROUP PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>VOD V5.125 06/04/81</title>
        <cusip>92857WBX7</cusip>
        <identifiers>
          <isin value="US92857WBX74"/>
        </identifiers>
        <balance>206000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>162482.50000000</valUSD>
        <pctVal>0.184631788830</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-06-04</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC</name>
        <lei>254900ZZRL7MWL1X8E92</lei>
        <title>HASI V8 06/01/56</title>
        <cusip>41068XAG5</cusip>
        <identifiers>
          <isin value="US41068XAG51"/>
        </identifiers>
        <balance>114000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121173.68000000</valUSD>
        <pctVal>0.137691833259</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2056-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PG&amp;E CORP</name>
        <lei>8YQ2GSDWYZXO2EDN3511</lei>
        <title>PCG V7.375 03/15/55</title>
        <cusip>69331CAM0</cusip>
        <identifiers>
          <isin value="US69331CAM01"/>
        </identifiers>
        <balance>483000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>490850.20000000</valUSD>
        <pctVal>0.557761915737</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.37500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Goldman Sachs ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Allison Frachiolla</ncom:signature>
      <ncom:signerName>Allison Frachiolla</ncom:signerName>
      <ncom:title>Vice President Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
