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        <balance>9758.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>227751.7200000000</valUSD>
        <pctVal>0.6947850535</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="113875.860000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Regions Financial Corp</name>
        <lei>CW05CS5KW59QTC0DG824</lei>
        <title>Regions Financial Corp (pfd) 5.70% Series C</title>
        <cusip>7591EP704</cusip>
        <identifiers>
          <isin value="US7591EP7044"/>
          <ticker value="RF"/>
          <other otherDesc="SEDOL" value="BJMXZX7"/>
        </identifiers>
        <balance>5784.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>142286.4000000000</valUSD>
        <pctVal>0.4340624257</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="71143.200000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RenaissanceRe Holdings Ltd</name>
        <lei>EK6GB9U3U58PDI411C94</lei>
        <title>RenaissanceRe Holdings Ltd (pfd) 5.75% Series F</title>
        <cusip>75968N309</cusip>
        <identifiers>
          <isin value="US75968N3098"/>
          <ticker value="RNR"/>
          <other otherDesc="SEDOL" value="BFMZ665"/>
        </identifiers>
        <balance>20242.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>469614.4000000000</valUSD>
        <pctVal>1.4326173520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="48720.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 5.85% Series Q</title>
        <cusip>949746556</cusip>
        <identifiers>
          <isin value="US9497465560"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BCD53N9"/>
        </identifiers>
        <balance>27918.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>690970.5000000000</valUSD>
        <pctVal>2.1078917683</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="460572.750000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 6.35% Series A</title>
        <cusip>G0684D305</cusip>
        <identifiers>
          <isin value="BMG0684D3054"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BK1MHD6"/>
        </identifiers>
        <balance>5108.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>126320.8400000000</valUSD>
        <pctVal>0.3853574918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="63160.420000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>State Street Navigator Securities Lending Trust - State Street Navigator Securities Lending Government Money Market Portfolio</name>
        <lei>5493008BJIBKQ5KTIF74</lei>
        <title>State Street Navigator Securities Lending Government Money Market Portfolio</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Series ID" value="S000009767"/>
        </identifiers>
        <balance>2388624.7500000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2388624.7500000000</valUSD>
        <pctVal>7.2867979864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2388624.750000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The (pfd) 5.63% Series G</title>
        <cusip>020002127</cusip>
        <identifiers>
          <isin value="US0200021279"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="BD5F0W2"/>
        </identifiers>
        <balance>4269.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>107365.3500000000</valUSD>
        <pctVal>0.3275314032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The (pfd) 7.99%</title>
        <cusip>020002309</cusip>
        <identifiers>
          <isin value="US0200023093"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="B87XV26"/>
        </identifiers>
        <balance>6759.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>171678.6000000000</valUSD>
        <pctVal>0.5237270010</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The (pfd) 5.10% Series H</title>
        <cusip>020002838</cusip>
        <identifiers>
          <isin value="US0200028381"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="BKDKS91"/>
        </identifiers>
        <balance>6940.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157746.2000000000</valUSD>
        <pctVal>0.4812244755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Electric Power Co Inc</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc (conv) 6.13% 08-15-2023</title>
        <cusip>02557T307</cusip>
        <identifiers>
          <isin value="US02557T3077"/>
          <ticker value="AEP"/>
          <other otherDesc="SEDOL" value="BMH1V51"/>
        </identifiers>
        <balance>3672.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181249.9200000000</valUSD>
        <pctVal>0.5529255075</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>American Equity Investment Life Holding Co</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>American Equity Investment Life Holding Co (pfd) 5.95% Series A</title>
        <cusip>025676503</cusip>
        <identifiers>
          <isin value="US0256765035"/>
          <ticker value="AEL"/>
          <other otherDesc="SEDOL" value="BL4Q3H8"/>
        </identifiers>
        <balance>7460.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166581.8000000000</valUSD>
        <pctVal>0.5081785763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kimco Realty Corp</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty Corp (pfd) 5.25% Series M</title>
        <cusip>49446R711</cusip>
        <identifiers>
          <isin value="US49446R7118"/>
          <ticker value="KIM"/>
          <other otherDesc="SEDOL" value="BD0RST6"/>
        </identifiers>
        <balance>6139.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134259.9300000000</valUSD>
        <pctVal>0.4095766769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MFA Financial Inc</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
        <title>MFA Financial Inc (pfd) 6.50% Series C</title>
        <cusip>55272X508</cusip>
        <identifiers>
          <isin value="US55272X5086"/>
          <ticker value="MFA"/>
          <other otherDesc="SEDOL" value="BLHGG32"/>
        </identifiers>
        <balance>11179.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>223244.6300000000</valUSD>
        <pctVal>0.6810356128</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.38% Series I</title>
        <cusip>61761J406</cusip>
        <identifiers>
          <isin value="US61761J4067"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BQT2G00"/>
        </identifiers>
        <balance>12661.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321209.5700000000</valUSD>
        <pctVal>0.9798898918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 7.13% Series E</title>
        <cusip>61762V200</cusip>
        <identifiers>
          <isin value="US61762V2007"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BF4YJ94"/>
        </identifiers>
        <balance>21582.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>550772.6400000000</valUSD>
        <pctVal>1.6802006946</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.88% Series F</title>
        <cusip>61763E207</cusip>
        <identifiers>
          <isin value="US61763E2072"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BH5QGM5"/>
        </identifiers>
        <balance>16465.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>417223.1000000000</valUSD>
        <pctVal>1.2727911510</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rithm Capital Corp</name>
        <lei>549300WNTHGEO5LP2G31</lei>
        <title>Rithm Capital Corp (pfd) 6.38% Series C</title>
        <cusip>64828T508</cusip>
        <identifiers>
          <isin value="US64828T5083"/>
          <ticker value="RITM"/>
          <other otherDesc="SEDOL" value="BLCF612"/>
        </identifiers>
        <balance>19468.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>398899.3200000000</valUSD>
        <pctVal>1.2168921727</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NextEra Energy Inc</name>
        <lei>N/A</lei>
        <title>NextEra Energy Inc (conv) 6.219%</title>
        <cusip>65339F739</cusip>
        <identifiers>
          <isin value="US65339F7399"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BMGX880"/>
        </identifiers>
        <balance>2890.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>134023.7500000000</valUSD>
        <pctVal>0.4088561804</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>NiSource Inc (conv) 7.75% 03-01-2024</title>
        <cusip>65473P121</cusip>
        <identifiers>
          <isin value="US65473P1214"/>
          <ticker value="NI"/>
          <other otherDesc="SEDOL" value="BM9V1B5"/>
        </identifiers>
        <balance>1923.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200626.5900000000</valUSD>
        <pctVal>0.6120364582</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>NiSource Inc (pfd) 6.50% Series B</title>
        <cusip>65473P881</cusip>
        <identifiers>
          <isin value="US65473P8813"/>
          <ticker value="NI"/>
          <other otherDesc="SEDOL" value="BGYJZ76"/>
        </identifiers>
        <balance>10466.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262801.2600000000</valUSD>
        <pctVal>0.8017080507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oaktree Capital Group LLC</name>
        <lei>254900T1ODNFOK2L6090</lei>
        <title>Oaktree Capital Group LLC (pfd) 6.63% Series A</title>
        <cusip>674001300</cusip>
        <identifiers>
          <isin value="US6740013007"/>
          <ticker value="OAK"/>
          <other otherDesc="SEDOL" value="BYVNFF5"/>
        </identifiers>
        <balance>22218.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>531232.3800000000</valUSD>
        <pctVal>1.6205906921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Oaktree Capital Group LLC</name>
        <lei>254900T1ODNFOK2L6090</lei>
        <title>Oaktree Capital Group LLC (pfd) 6.55% Series B</title>
        <cusip>674001409</cusip>
        <identifiers>
          <isin value="US6740014096"/>
          <ticker value="OAK"/>
          <other otherDesc="SEDOL" value="BG4SNK2"/>
        </identifiers>
        <balance>22475.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>537602.0000000000</valUSD>
        <pctVal>1.6400220131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Old National Bancorp/IN</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>Old National Bancorp/IN (pfd) 7.00% Series C</title>
        <cusip>68003D303</cusip>
        <identifiers>
          <isin value="US68003D3035"/>
          <ticker value="ONB"/>
          <other otherDesc="SEDOL" value="BMHSYD1"/>
        </identifiers>
        <balance>6073.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>153889.8200000000</valUSD>
        <pctVal>0.4694601069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Qwest Corp</name>
        <lei>549300R2L4N683OO1509</lei>
        <title>Qwest Corp (pfd) 6.75%</title>
        <cusip>74913G873</cusip>
        <identifiers>
          <isin value="US74913G8731"/>
          <ticker value="CTL"/>
          <other otherDesc="SEDOL" value="BD2ZSL0"/>
        </identifiers>
        <balance>9187.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178870.8900000000</valUSD>
        <pctVal>0.5456679795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SCE Trust VI</name>
        <lei>N/A</lei>
        <title>SCE Trust VI (pfd) 5.00%</title>
        <cusip>78410V200</cusip>
        <identifiers>
          <isin value="US78410V2007"/>
          <ticker value="EIX"/>
          <other otherDesc="SEDOL" value="BDC3P68"/>
        </identifiers>
        <balance>13650.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>274911.0000000000</valUSD>
        <pctVal>0.8386503243</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Co/The</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The</title>
        <cusip>842587107</cusip>
        <identifiers>
          <isin value="US8425871071"/>
          <ticker value="SO"/>
          <other otherDesc="SEDOL" value="2829601"/>
        </identifiers>
        <balance>4059.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>255960.5400000000</valUSD>
        <pctVal>0.7808395804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Co/The</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The (pfd) 4.20% Series C</title>
        <cusip>842587883</cusip>
        <identifiers>
          <isin value="US8425878837"/>
          <ticker value="SO"/>
          <other otherDesc="SEDOL" value="BMGS0L2"/>
        </identifiers>
        <balance>4531.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>88218.5700000000</valUSD>
        <pctVal>0.2691217606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Corp</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp (pfd) 5.90% Series D</title>
        <cusip>857477608</cusip>
        <identifiers>
          <isin value="US8574776089"/>
          <ticker value="STT"/>
          <other otherDesc="SEDOL" value="BK4Z903"/>
        </identifiers>
        <balance>19096.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>477781.9200000000</valUSD>
        <pctVal>1.4575333914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stifel Financial Corp</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp (pfd) 6.25% Series B</title>
        <cusip>860630706</cusip>
        <identifiers>
          <isin value="US8606307069"/>
          <ticker value="SF"/>
          <other otherDesc="SEDOL" value="BJ8J3L3"/>
        </identifiers>
        <balance>5053.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>127082.9500000000</valUSD>
        <pctVal>0.3876824035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Synovus Financial Corp</name>
        <lei>549300EIUS8UN5JTLE54</lei>
        <title>Synovus Financial Corp (pfd) 6.30% Series D</title>
        <cusip>87161C600</cusip>
        <identifiers>
          <isin value="US87161C6003"/>
          <ticker value="SNV"/>
          <other otherDesc="SEDOL" value="BG1FRQ0"/>
        </identifiers>
        <balance>11470.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>286176.5000000000</valUSD>
        <pctVal>0.8730171384</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Cellular Corp</name>
        <lei>N/A</lei>
        <title>United States Cellular Corp (pfd) 6.25%</title>
        <cusip>911684702</cusip>
        <identifiers>
          <isin value="US9116847024"/>
          <ticker value="USM"/>
          <other otherDesc="SEDOL" value="BMGR6C2"/>
        </identifiers>
        <balance>10718.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>194102.9800000000</valUSD>
        <pctVal>0.5921353715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WESCO International Inc</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International Inc (pfd) 10.63% Series A</title>
        <cusip>95082P303</cusip>
        <identifiers>
          <isin value="US95082P3038"/>
          <ticker value="WCC"/>
          <other otherDesc="SEDOL" value="BLFBXS3"/>
        </identifiers>
        <balance>5312.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146983.0400000000</valUSD>
        <pctVal>0.4483901123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aspen Insurance Holdings Ltd</name>
        <lei>549300YX6HECG9XQCQ75</lei>
        <title>Aspen Insurance Holdings Ltd (pfd) 5.63% Series **</title>
        <cusip>G05384204</cusip>
        <identifiers>
          <isin value="BMG053842040"/>
          <ticker value="AHL"/>
          <other otherDesc="SEDOL" value="BKDJPD1"/>
        </identifiers>
        <balance>7055.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148366.6500000000</valUSD>
        <pctVal>0.4526109873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookfield Property Partners LP</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>Brookfield Property Partners LP (pfd) 5.75% Series A</title>
        <cusip>G16249164</cusip>
        <identifiers>
          <isin value="BMG162491648"/>
          <ticker value="BPY"/>
          <other otherDesc="SEDOL" value="BLK7825"/>
        </identifiers>
        <balance>19328.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>338819.8400000000</valUSD>
        <pctVal>1.0336122189</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Triton International Ltd</name>
        <lei>N/A</lei>
        <title>Triton International Ltd (pfd) 6.88%</title>
        <cusip>G9078F206</cusip>
        <identifiers>
          <isin value="BMG9078F2067"/>
          <ticker value="TRTN"/>
          <other otherDesc="SEDOL" value="BMTQTF0"/>
        </identifiers>
        <balance>10719.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>266045.5800000000</valUSD>
        <pctVal>0.8116052539</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGNC Investment Corp</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC Investment Corp (pfd) 6.50% Series E</title>
        <cusip>00123Q807</cusip>
        <identifiers>
          <isin value="US00123Q8078"/>
          <ticker value="AGNC"/>
          <other otherDesc="SEDOL" value="BK71BY6"/>
        </identifiers>
        <balance>13279.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>298379.1300000000</valUSD>
        <pctVal>0.9102427845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AGNC Investment Corp</name>
        <lei>5TRACI5HRMELWV32OF39</lei>
        <title>AGNC Investment Corp (pfd) 6.13% Series F</title>
        <cusip>00123Q872</cusip>
        <identifiers>
          <isin value="US00123Q8722"/>
          <ticker value="AGNC"/>
          <other otherDesc="SEDOL" value="BK8ZYQ0"/>
        </identifiers>
        <balance>13649.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>295227.8700000000</valUSD>
        <pctVal>0.9006294725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AES Corp/The</name>
        <lei>2NUNNB7D43COUIRE5295</lei>
        <title>AES Corp/The (conv) 6.88% 02-15-2024</title>
        <cusip>00130H204</cusip>
        <identifiers>
          <isin value="US00130H2040"/>
          <ticker value="AES"/>
          <other otherDesc="SEDOL" value="BMWFLV4"/>
        </identifiers>
        <balance>1950.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>178191.0000000000</valUSD>
        <pctVal>0.5435938902</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>Affiliated Managers Group Inc</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group Inc (pfd) 4.20%</title>
        <cusip>008252835</cusip>
        <identifiers>
          <isin value="US0082528359"/>
          <ticker value="AMG"/>
          <other otherDesc="SEDOL" value="BL972M4"/>
        </identifiers>
        <balance>6315.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>108744.3000000000</valUSD>
        <pctVal>0.3317380624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Affiliated Managers Group Inc</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group Inc (pfd) 5.88%</title>
        <cusip>008252850</cusip>
        <identifiers>
          <isin value="US0082528508"/>
          <ticker value="AMG"/>
          <other otherDesc="SEDOL" value="BJVJZF8"/>
        </identifiers>
        <balance>20977.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>488134.7900000000</valUSD>
        <pctVal>1.4891161137</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Algonquin Power &amp; Utilities Corp</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp (pfd) 6.88%</title>
        <cusip>015857709</cusip>
        <identifiers>
          <isin value="US0158577090"/>
          <ticker value="AQNCN"/>
          <other otherDesc="SEDOL" value="BG0V242"/>
        </identifiers>
        <balance>10112.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>246429.4400000000</valUSD>
        <pctVal>0.7517637700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Algonquin Power &amp; Utilities Corp</name>
        <lei>549300K5VIUTJXQL7X75</lei>
        <title>Algonquin Power &amp; Utilities Corp (pfd) 6.20% Series 19-A</title>
        <cusip>015857808</cusip>
        <identifiers>
          <isin value="US0158578080"/>
          <ticker value="AQNCN"/>
          <other otherDesc="SEDOL" value="BFYWGC0"/>
        </identifiers>
        <balance>5175.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119853.0000000000</valUSD>
        <pctVal>0.3656265385</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The 5.75 08/15/2053</title>
        <cusip>020002BB6</cusip>
        <identifiers>
          <isin value="US020002BB69"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="BCZM4S0"/>
        </identifiers>
        <balance>499000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>489624.6100000000</valUSD>
        <pctVal>1.4936609956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-08-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.750000000000000</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>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.25% 03/05/2171 Perpetual</title>
        <cusip>060505EH3</cusip>
        <identifiers>
          <isin value="US060505EH35"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BRJSX82"/>
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        <balance>344000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>344860.0000000000</valUSD>
        <pctVal>1.0520384810</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>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.88% 09/15/2171 Perpetual</title>
        <cusip>060505FL3</cusip>
        <identifiers>
          <isin value="US060505FL38"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BF28VZ8"/>
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        <balance>343000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>320773.6000000000</valUSD>
        <pctVal>0.9785599109</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>Enbridge Inc 5.50 07/15/2077</title>
        <cusip>29250NAS4</cusip>
        <identifiers>
          <isin value="US29250NAS45"/>
          <ticker value="ENBCN"/>
          <other otherDesc="SEDOL" value="BF7GX73"/>
        </identifiers>
        <balance>131000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>121100.5300000000</valUSD>
        <pctVal>0.3694322845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</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>General Electric Co</name>
        <lei>3C7474T6CDKPR9K6YT90</lei>
        <title>General Electric Co (pfd) 8.10% 06/15/2171 Perpetual</title>
        <cusip>369604BQ5</cusip>
        <identifiers>
          <isin value="US369604BQ57"/>
          <ticker value="GE"/>
          <other otherDesc="SEDOL" value="BYZLD06"/>
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        <balance>168000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>168408.3200000000</valUSD>
        <pctVal>0.5137506036</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>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 6.75% 08/01/2171 Perpetual</title>
        <cusip>46625HJQ4</cusip>
        <identifiers>
          <isin value="US46625HJQ48"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BJ3Q687"/>
        </identifiers>
        <balance>450000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>452250.0000000000</valUSD>
        <pctVal>1.3796450821</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>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 6.00% 02/01/2172 Perpetual</title>
        <cusip>48126HAA8</cusip>
        <identifiers>
          <isin value="US48126HAA86"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BCFQYL5"/>
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        <balance>471000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>470872.8300000000</valUSD>
        <pctVal>1.4364563498</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>Progressive Corp/The</name>
        <lei>529900TACNVLY9DCR586</lei>
        <title>Progressive Corp/The (pfd) 5.38% 09/15/2167 Perpetual</title>
        <cusip>743315AU7</cusip>
        <identifiers>
          <isin value="US743315AU74"/>
          <ticker value="PGR"/>
          <other otherDesc="SEDOL" value="BDFZ914"/>
        </identifiers>
        <balance>357000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>354322.5000000000</valUSD>
        <pctVal>1.0809050185</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>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
          <ticker value="GVMXX"/>
          <other otherDesc="SEDOL" value="B284MN4"/>
        </identifiers>
        <balance>2218230.4500000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2218230.4500000000</valUSD>
        <pctVal>6.7669889029</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sempra Energy</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra Energy (pfd) 4.88% 10/15/2171 Perpetual</title>
        <cusip>816851BK4</cusip>
        <identifiers>
          <isin value="US816851BK46"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="BMVT1B7"/>
        </identifiers>
        <balance>300000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>283537.1200000000</valUSD>
        <pctVal>0.8649653802</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>State Street Corp</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp (pfd) 5.63% 12/15/2171 Perpetual</title>
        <cusip>857477BA0</cusip>
        <identifiers>
          <isin value="US857477BA04"/>
          <ticker value="STT"/>
          <other otherDesc="SEDOL" value="BYVLT68"/>
        </identifiers>
        <balance>554000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>537380.0000000000</valUSD>
        <pctVal>1.6393447744</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>Sumitomo Life Insurance Co</name>
        <lei>549300I5OQCDADQSPI57</lei>
        <title>Sumitomo Life Insurance Co 6.50 09/20/2073</title>
        <cusip>86564CAA8</cusip>
        <identifiers>
          <isin value="US86564CAA80"/>
          <ticker value="SUMILF"/>
          <other otherDesc="SEDOL" value="BDXGD17"/>
        </identifiers>
        <balance>466000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>464853.2600000000</valUSD>
        <pctVal>1.4180929001</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2073-09-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.500000000000000</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>Transcanada Trust</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>Transcanada Trust 5.30 03/15/2077</title>
        <cusip>89356BAC2</cusip>
        <identifiers>
          <isin value="US89356BAC28"/>
          <ticker value="TRPCN"/>
          <other otherDesc="SEDOL" value="BDZV3W1"/>
        </identifiers>
        <balance>349000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>309737.5000000000</valUSD>
        <pctVal>0.9448929102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.300000000000000</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>Truist Financial Corp</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp (pfd) 4.80% 03/01/2172 Perpetual</title>
        <cusip>89832QAD1</cusip>
        <identifiers>
          <isin value="US89832QAD16"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BKPF2H0"/>
        </identifiers>
        <balance>236000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>224653.6700000000</valUSD>
        <pctVal>0.6853340652</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>USB Capital IX</name>
        <lei>N/A</lei>
        <title>USB Capital IX (pfd) 5.81% 10/15/2171 Perpetual</title>
        <cusip>91731KAA8</cusip>
        <identifiers>
          <isin value="US91731KAA88"/>
          <ticker value="USB"/>
          <other otherDesc="SEDOL" value="B11FJM5"/>
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        <balance>253000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>214931.7300000000</valUSD>
        <pctVal>0.6556760736</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>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 5.90% 12/15/2171 Perpetual</title>
        <cusip>949746RG8</cusip>
        <identifiers>
          <isin value="US949746RG83"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BLRVT50"/>
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        <balance>692000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>678803.5600000000</valUSD>
        <pctVal>2.0707749989</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>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp (pfd) 5.88%</title>
        <cusip>125896852</cusip>
        <identifiers>
          <isin value="US1258968528"/>
          <ticker value="CMS"/>
          <other otherDesc="SEDOL" value="BFXBC20"/>
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        <balance>6374.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>156545.4400000000</valUSD>
        <pctVal>0.4775614072</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp (pfd) 4.38% Series L</title>
        <cusip>14040H758</cusip>
        <identifiers>
          <isin value="US14040H7585"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BMX47S9"/>
        </identifiers>
        <balance>10819.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197013.9900000000</valUSD>
        <pctVal>0.6010157709</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chimera Investment Corp</name>
        <lei>2JBBQFJOL123LOUBE657</lei>
        <title>Chimera Investment Corp (pfd) 7.75% Series C</title>
        <cusip>16934Q505</cusip>
        <identifiers>
          <isin value="US16934Q5053"/>
          <ticker value="CIM"/>
          <other otherDesc="SEDOL" value="BGHCHV0"/>
        </identifiers>
        <balance>6669.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133646.7600000000</valUSD>
        <pctVal>0.4077061253</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chimera Investment Corp</name>
        <lei>2JBBQFJOL123LOUBE657</lei>
        <title>Chimera Investment Corp (pfd) 8.00% Series D</title>
        <cusip>16934Q604</cusip>
        <identifiers>
          <isin value="US16934Q6044"/>
          <ticker value="CIM"/>
          <other otherDesc="SEDOL" value="BHRS1F7"/>
        </identifiers>
        <balance>11941.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>253149.2000000000</valUSD>
        <pctVal>0.7722632367</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc (pfd) 6.88% Series K</title>
        <cusip>172967341</cusip>
        <identifiers>
          <isin value="US1729673418"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BG05028"/>
        </identifiers>
        <balance>21621.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>543768.1500000000</valUSD>
        <pctVal>1.6588326234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc (pfd) 7.13% Series J</title>
        <cusip>172967358</cusip>
        <identifiers>
          <isin value="US1729673582"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BDX8YP4"/>
        </identifiers>
        <balance>21254.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>540701.7600000000</valUSD>
        <pctVal>1.6494782180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citizens Financial Group Inc</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group Inc (pfd) 6.35% Series D</title>
        <cusip>174610204</cusip>
        <identifiers>
          <isin value="US1746102045"/>
          <ticker value="CFG"/>
          <other otherDesc="SEDOL" value="BGPFT82"/>
        </identifiers>
        <balance>11613.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294970.2000000000</valUSD>
        <pctVal>0.8998434180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DCP Midstream LP</name>
        <lei>52990024YYS3MLGW0E91</lei>
        <title>DCP Midstream LP (pfd) 7.88% Series B</title>
        <cusip>23311P209</cusip>
        <identifiers>
          <isin value="US23311P2092"/>
          <ticker value="DCP"/>
          <other otherDesc="SEDOL" value="BDT8TJ7"/>
        </identifiers>
        <balance>16148.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>405153.3200000000</valUSD>
        <pctVal>1.2359707804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DTE Energy Co</name>
        <lei>549300IX8SD6XXD71I78</lei>
        <title>DTE Energy Co (pfd) 4.38% Series G</title>
        <cusip>233331826</cusip>
        <identifiers>
          <isin value="US2333318267"/>
          <ticker value="DTE"/>
          <other otherDesc="SEDOL" value="BMY4XS0"/>
        </identifiers>
        <balance>6620.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>133790.2000000000</valUSD>
        <pctVal>0.4081437069</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Digital Realty Trust Inc</name>
        <lei>549300HKCZ31D08NEI41</lei>
        <title>Digital Realty Trust Inc (pfd) 5.25% Series J</title>
        <cusip>253868855</cusip>
        <identifiers>
          <isin value="US2538688555"/>
          <ticker value="DLR"/>
          <other otherDesc="SEDOL" value="BD0YJ83"/>
        </identifiers>
        <balance>5017.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>112882.5000000000</valUSD>
        <pctVal>0.3443621581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc</title>
        <cusip>25746U109</cusip>
        <identifiers>
          <isin value="US25746U1097"/>
          <ticker value="D"/>
          <other otherDesc="SEDOL" value="2542049"/>
        </identifiers>
        <balance>2040.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>113464.8000000000</valUSD>
        <pctVal>0.3461385369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc (pfd) 6.38% Series B</title>
        <cusip>29250N477</cusip>
        <identifiers>
          <isin value="US29250N4777"/>
          <ticker value="ENBCN"/>
          <other otherDesc="SEDOL" value="BF5FN05"/>
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        <balance>17117.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>428780.8500000000</valUSD>
        <pctVal>1.3080495102</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enstar Group Ltd</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>Enstar Group Ltd (pfd) 7.00% Series E</title>
        <cusip>29359U208</cusip>
        <identifiers>
          <isin value="US29359U2087"/>
          <ticker value="ESGR"/>
          <other otherDesc="SEDOL" value="BGT0PD0"/>
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        <balance>11783.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>285855.5800000000</valUSD>
        <pctVal>0.8720381319</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp (pfd) 6.00% Series A</title>
        <cusip>316773886</cusip>
        <identifiers>
          <isin value="US3167738869"/>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL" value="BJGTMK7"/>
        </identifiers>
        <balance>6492.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>159378.6000000000</valUSD>
        <pctVal>0.4862043155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Citizens BancShares Inc/NC</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>First Citizens BancShares Inc/NC (pfd) 5.38% Series A</title>
        <cusip>319626305</cusip>
        <identifiers>
          <isin value="US3196263053"/>
          <ticker value="FCNCA"/>
          <other otherDesc="SEDOL" value="BLHLTL6"/>
        </identifiers>
        <balance>3915.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86130.0000000000</valUSD>
        <pctVal>0.2627503171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Republic Bank/CA</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank/CA (pfd) 4.00% Series M</title>
        <cusip>33616C720</cusip>
        <identifiers>
          <isin value="US33616C7204"/>
          <ticker value="FRC"/>
          <other otherDesc="SEDOL" value="BNT8V57"/>
        </identifiers>
        <balance>5076.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86698.0800000000</valUSD>
        <pctVal>0.2644833161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Republic Bank/CA</name>
        <lei>YWC0TIKBQM2JV8L4IV08</lei>
        <title>First Republic Bank/CA (pfd) 5.13% Series H</title>
        <cusip>33616C811</cusip>
        <identifiers>
          <isin value="US33616C8111"/>
          <ticker value="FRC"/>
          <other otherDesc="SEDOL" value="BF2P6Q5"/>
        </identifiers>
        <balance>17050.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>360948.5000000000</valUSD>
        <pctVal>1.1011184586</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The (pfd) 5.73% Series C</title>
        <cusip>38144X609</cusip>
        <identifiers>
          <isin value="US38144X6094"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="B0N0V47"/>
        </identifiers>
        <balance>7656.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161771.2800000000</valUSD>
        <pctVal>0.4935034845</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The (pfd) 5.50% Series J</title>
        <cusip>38145G308</cusip>
        <identifiers>
          <isin value="US38145G3083"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="B96KM33"/>
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        <balance>19448.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>485422.0800000000</valUSD>
        <pctVal>1.4808406532</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The (pfd) 6.38% Series K</title>
        <cusip>38148B108</cusip>
        <identifiers>
          <isin value="US38148B1089"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="BLTV2N7"/>
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        <balance>9305.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235602.6000000000</valUSD>
        <pctVal>0.7187351430</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Hartford Financial Services Group Inc/The</name>
        <lei>IU7C3FTM7Y3BQM112U94</lei>
        <title>Hartford Financial Services Group Inc/The (pfd) 6.00% Series G</title>
        <cusip>416518603</cusip>
        <identifiers>
          <isin value="US4165186036"/>
          <ticker value="HIG"/>
          <other otherDesc="SEDOL" value="BF5J7D8"/>
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        <balance>19100.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>483230.0000000000</valUSD>
        <pctVal>1.4741534395</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 5.75% Series DD</title>
        <cusip>48128B655</cusip>
        <identifiers>
          <isin value="US48128B6552"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BFY34D0"/>
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        <balance>9750.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242190.0000000000</valUSD>
        <pctVal>0.7388308290</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arch Capital Group Ltd</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>Arch Capital Group Ltd (pfd) 5.45% Series F</title>
        <cusip>03939A107</cusip>
        <identifiers>
          <isin value="US03939A1079"/>
          <ticker value="ACGL"/>
          <other otherDesc="SEDOL" value="BF956G8"/>
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        <balance>7049.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>160153.2800000000</valUSD>
        <pctVal>0.4885675735</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 5.63% Series B</title>
        <cusip>04686J200</cusip>
        <identifiers>
          <isin value="US04686J2006"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BKWG6L8"/>
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        <balance>12809.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>273344.0600000000</valUSD>
        <pctVal>0.8338701782</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 6.38% Series C</title>
        <cusip>04686J309</cusip>
        <identifiers>
          <isin value="US04686J3095"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BMG0ZK2"/>
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        <balance>5489.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138377.6900000000</valUSD>
        <pctVal>0.4221384179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 4.88% Series D</title>
        <cusip>04686J408</cusip>
        <identifiers>
          <isin value="US04686J4085"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BMC8G63"/>
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        <balance>5198.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98346.1600000000</valUSD>
        <pctVal>0.3000172382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axis Capital Holdings Ltd</name>
        <lei>N/A</lei>
        <title>Axis Capital Holdings Ltd (pfd) 5.50% Series E</title>
        <cusip>05461T305</cusip>
        <identifiers>
          <isin value="US05461T3059"/>
          <ticker value="AXS"/>
          <other otherDesc="SEDOL" value="BD2Z8N2"/>
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        <balance>7205.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>157645.4000000000</valUSD>
        <pctVal>0.4809169725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.88% Series HH</title>
        <cusip>060505195</cusip>
        <identifiers>
          <isin value="US0605051954"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BYVQZ09"/>
        </identifiers>
        <balance>6326.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>158023.4800000000</valUSD>
        <pctVal>0.4820703528</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.00% Series GG</title>
        <cusip>060505229</cusip>
        <identifiers>
          <isin value="US0605052291"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BFZNM46"/>
        </identifiers>
        <balance>11613.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>292066.9500000000</valUSD>
        <pctVal>0.8909866915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.60% Series 02</title>
        <cusip>060505625</cusip>
        <identifiers>
          <isin value="US0605056250"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="B06H0T3"/>
        </identifiers>
        <balance>7153.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148496.2800000000</valUSD>
        <pctVal>0.4530064398</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Becton Dickinson and Co</name>
        <lei>ICE2EP6D98PQUILVRZ91</lei>
        <title>Becton Dickinson and Co (conv) 6% 06/01/2023</title>
        <cusip>075887406</cusip>
        <identifiers>
          <isin value="US0758874061"/>
          <ticker value="BDX"/>
          <other otherDesc="SEDOL" value="BL6D429"/>
        </identifiers>
        <balance>6300.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>304731.0000000000</valUSD>
        <pctVal>0.9296199569</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>W R Berkley Corp</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp (pfd) 5.70%</title>
        <cusip>084423706</cusip>
        <identifiers>
          <isin value="US0844237067"/>
          <ticker value="WRB"/>
          <other otherDesc="SEDOL" value="BFMXK34"/>
        </identifiers>
        <balance>4033.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>97195.3000000000</valUSD>
        <pctVal>0.2965063961</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>W R Berkley Corp</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp (pfd) 5.10%</title>
        <cusip>084423805</cusip>
        <identifiers>
          <isin value="US0844238057"/>
          <ticker value="WRB"/>
          <other otherDesc="SEDOL" value="BJBK4B0"/>
        </identifiers>
        <balance>4092.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>91333.4400000000</valUSD>
        <pctVal>0.2786240604</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Boston Scientific Corp</name>
        <lei>Y6ZDD9FP4P8JSSJMW954</lei>
        <title>Boston Scientific Corp (conv) 5.50% 06-01-2023</title>
        <cusip>101137206</cusip>
        <identifiers>
          <isin value="US1011372067"/>
          <ticker value="BSX"/>
          <other otherDesc="SEDOL" value="BMH5QL4"/>
        </identifiers>
        <balance>2440.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277115.9300000000</valUSD>
        <pctVal>0.8453767385</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>Brighthouse Financial Inc</name>
        <lei>5493003T8SZSHOGGAW52</lei>
        <title>Brighthouse Financial Inc (pfd) 6.60% Series A</title>
        <cusip>10922N301</cusip>
        <identifiers>
          <isin value="US10922N3017"/>
          <ticker value="BHF"/>
          <other otherDesc="SEDOL" value="BJ0M332"/>
        </identifiers>
        <balance>10348.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>262839.2000000000</valUSD>
        <pctVal>0.8018237914</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brunswick Corp/DE</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>Brunswick Corp/DE (pfd) 6.50%</title>
        <cusip>117043406</cusip>
        <identifiers>
          <isin value="US1170434062"/>
          <ticker value="BC"/>
          <other otherDesc="SEDOL" value="BG87WW0"/>
        </identifiers>
        <balance>7417.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190913.5800000000</valUSD>
        <pctVal>0.5824057087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brunswick Corp/DE</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>Brunswick Corp/DE (pfd) 6.63%</title>
        <cusip>117043505</cusip>
        <identifiers>
          <isin value="US1170435051"/>
          <ticker value="BC"/>
          <other otherDesc="SEDOL" value="BH42ZM7"/>
        </identifiers>
        <balance>6493.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>166740.2400000000</valUSD>
        <pctVal>0.5086619173</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHS Inc</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc (pfd) 7.10% Series 2</title>
        <cusip>12542R506</cusip>
        <identifiers>
          <isin value="US12542R5063"/>
          <ticker value="CHSINC"/>
          <other otherDesc="SEDOL" value="BKJ9QV0"/>
        </identifiers>
        <balance>5696.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>146387.2000000000</valUSD>
        <pctVal>0.4465724280</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHS Inc</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc (pfd) 6.75% Series 3</title>
        <cusip>12542R704</cusip>
        <identifiers>
          <isin value="US12542R7044"/>
          <ticker value="CHSINC"/>
          <other otherDesc="SEDOL" value="BQS2V39"/>
        </identifiers>
        <balance>5752.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>147826.4000000000</valUSD>
        <pctVal>0.4509628873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp (pfd) 5.88%</title>
        <cusip>125896845</cusip>
        <identifiers>
          <isin value="US1258968452"/>
          <ticker value="CMS"/>
          <other otherDesc="SEDOL" value="BJJP666"/>
        </identifiers>
        <balance>9128.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>223088.3200000000</valUSD>
        <pctVal>0.6805587696</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2023-04-26</ncom:dateSigned>
      <ncom:nameOfApplicant>American Century ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Amy R. Bitter</ncom:signature>
      <ncom:signerName>Amy R. Bitter</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
