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          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="2452.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PNC Financial Services Group Inc/The</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The (pfd) 6.20% 12/15/2172 Perpetual</title>
        <cusip>693475BF1</cusip>
        <identifiers>
          <isin value="US693475BF18"/>
          <ticker value="PNC"/>
          <other otherDesc="SEDOL" value="BPLHNP0"/>
        </identifiers>
        <balance>836000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>824667.9400000000</valUSD>
        <pctVal>1.1594814907</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="99679.400000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Prudential Financial Inc</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc (pfd) 4.13%</title>
        <cusip>744320888</cusip>
        <identifiers>
          <isin value="US7443208886"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="BLB2465"/>
        </identifiers>
        <balance>14862.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>305414.1000000000</valUSD>
        <pctVal>0.4294116198</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="102750.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 4.00% Series P</title>
        <cusip>74460W461</cusip>
        <identifiers>
          <isin value="US74460W4612"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BM91SN6"/>
        </identifiers>
        <balance>25259.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>488761.6500000000</valUSD>
        <pctVal>0.6871979121</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="38700.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 4.63% Series L</title>
        <cusip>74460W552</cusip>
        <identifiers>
          <isin value="US74460W5528"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BLFGL51"/>
        </identifiers>
        <balance>22048.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>483733.1200000000</valUSD>
        <pctVal>0.6801278089</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="162356.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 4.88% Series I</title>
        <cusip>74460W628</cusip>
        <identifiers>
          <isin value="US74460W6286"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BK598B8"/>
        </identifiers>
        <balance>9223.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>219230.7100000000</valUSD>
        <pctVal>0.3082379442</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="99834.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 5.05% Series G</title>
        <cusip>74460W669</cusip>
        <identifiers>
          <isin value="US74460W6690"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BF7PKX5"/>
        </identifiers>
        <balance>12978.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323152.2000000000</valUSD>
        <pctVal>0.4543513533</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="220066.200000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage</name>
        <lei>N/A</lei>
        <title>Public Storage (pfd) 5.15% Series F</title>
        <cusip>74460W685</cusip>
        <identifiers>
          <isin value="US74460W6856"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BYZ2PF8"/>
        </identifiers>
        <balance>19892.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>490337.8000000000</valUSD>
        <pctVal>0.6894139759</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="135575.000000000000"/>
        </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>42631.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1050427.8400000000</valUSD>
        <pctVal>1.4768994631</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="34496.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 4.45% Series J</title>
        <cusip>808513865</cusip>
        <identifiers>
          <isin value="US8085138654"/>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL" value="BMW32F9"/>
        </identifiers>
        <balance>17302.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>366110.3200000000</valUSD>
        <pctVal>0.5147503850</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="272435.000000000000"/>
        </securityLending>
      </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>2811837.7500000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2811837.7500000000</valUSD>
        <pctVal>3.9534383088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="2811837.750000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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>27312.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>663954.7200000000</valUSD>
        <pctVal>0.9335190216</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>28687.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>674431.3700000000</valUSD>
        <pctVal>0.9482491708</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>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc (pfd) 5.35%</title>
        <cusip>00206R300</cusip>
        <identifiers>
          <isin value="US00206R3003"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BF545Q2"/>
        </identifiers>
        <balance>48912.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1181713.9200000000</valUSD>
        <pctVal>1.6614874316</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>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc (pfd) 4.75% Series C</title>
        <cusip>00206R706</cusip>
        <identifiers>
          <isin value="US00206R7061"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BLL1ZY7"/>
        </identifiers>
        <balance>37012.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>768739.2400000000</valUSD>
        <pctVal>1.0808458493</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>AEGON Funding Co LLC</name>
        <lei>KEIOKM01PSK5VZ5CCI74</lei>
        <title>AEGON Funding Co LLC (pfd) 5.10%</title>
        <cusip>00775V104</cusip>
        <identifiers>
          <isin value="US00775V1044"/>
          <ticker value="AEGON"/>
          <other otherDesc="SEDOL" value="BK59DD5"/>
        </identifiers>
        <balance>16675.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>371352.2500000000</valUSD>
        <pctVal>0.5221205282</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) 4.20%</title>
        <cusip>008252835</cusip>
        <identifiers>
          <isin value="US0082528359"/>
          <ticker value="AMG"/>
          <other otherDesc="SEDOL" value="BL972M4"/>
        </identifiers>
        <balance>13455.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235866.1500000000</valUSD>
        <pctVal>0.3316273399</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>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>44063.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1069409.0100000000</valUSD>
        <pctVal>1.5035869505</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>Agree Realty Corp</name>
        <lei>N/A</lei>
        <title>Agree Realty Corp (pfd) 4.25% Series A</title>
        <cusip>008492209</cusip>
        <identifiers>
          <isin value="US0084922097"/>
          <ticker value="ADC"/>
          <other otherDesc="SEDOL" value="BMZ4J92"/>
        </identifiers>
        <balance>11838.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>213912.6600000000</valUSD>
        <pctVal>0.3007607764</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) 6.20% Series 19-A</title>
        <cusip>015857808</cusip>
        <identifiers>
          <isin value="US0158578080"/>
          <ticker value="AQNCN"/>
          <other otherDesc="SEDOL" value="BFYWGC0"/>
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        <balance>10551.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>266412.7500000000</valUSD>
        <pctVal>0.3745757990</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>American Equity Investment Life Holding Co</name>
        <lei>549300RK5RZQ740FPL83</lei>
        <title>American Equity Investment Life Holding Co (pfd) 6.63% Series B</title>
        <cusip>025676602</cusip>
        <identifiers>
          <isin value="US0256766025"/>
          <ticker value="AEL"/>
          <other otherDesc="SEDOL" value="BMTD3B5"/>
        </identifiers>
        <balance>7319.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>185024.3200000000</valUSD>
        <pctVal>0.2601438276</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 Homes 4 Rent</name>
        <lei>549300ZJUO7A58PNUW40</lei>
        <title>American Homes 4 Rent (pfd) 5.88% Series G</title>
        <cusip>02665T876</cusip>
        <identifiers>
          <isin value="US02665T8760"/>
          <ticker value="AMH"/>
          <other otherDesc="SEDOL" value="BDFG5B9"/>
        </identifiers>
        <balance>14094.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>337410.3600000000</valUSD>
        <pctVal>0.4743982981</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>Annaly Capital Management Inc</name>
        <lei>2DTL0G3FPRYUT58TI025</lei>
        <title>Annaly Capital Management Inc (pfd) 9.76% Series G</title>
        <cusip>035710862</cusip>
        <identifiers>
          <isin value="US0357108622"/>
          <ticker value="NLY"/>
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        <balance>21379.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>536185.3200000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 5.63% Series B</title>
        <cusip>04686J200</cusip>
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          <isin value="US04686J2006"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BKWG6L8"/>
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        <balance>26120.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>573334.0000000000</valUSD>
        <pctVal>0.8061064687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <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>11284.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>282777.0400000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 4.88% Series D</title>
        <cusip>04686J408</cusip>
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          <isin value="US04686J4085"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BMC8G63"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>200032.0000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 6.35% Series A</title>
        <cusip>04686J861</cusip>
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          <isin value="US04686J8615"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BPSKDY1"/>
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        <curCd>USD</curCd>
        <valUSD>263261.6600000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>
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          <isin value="US8574927062"/>
          <ticker value="GVMXX"/>
          <other otherDesc="SEDOL" value="B284MN4"/>
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        <balance>1914288.2700000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1914288.2700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <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"/>
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        <balance>21817.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>452266.4100000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>USB Capital IX</name>
        <lei>N/A</lei>
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        <cusip>91731KAA8</cusip>
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          <isin value="US91731KAA88"/>
          <ticker value="USB"/>
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        <curCd>USD</curCd>
        <valUSD>405022.3100000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC 4.13 06/04/2081</title>
        <cusip>92857WBW9</cusip>
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          <isin value="US92857WBW91"/>
          <ticker value="VOD"/>
          <other otherDesc="SEDOL" value="BN0WZK1"/>
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        <balance>566000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>484680.0200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (conv) 7.5% 12/31/2049 Series L</title>
        <cusip>949746804</cusip>
        <identifiers>
          <isin value="US9497468044"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="B3KRSW9"/>
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        <balance>1158.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1371884.9900000000</valUSD>
        <pctVal>1.9288675795</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 5.90% 12/15/2172 Perpetual</title>
        <cusip>949746RG8</cusip>
        <identifiers>
          <isin value="US949746RG83"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BLRVT50"/>
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        <balance>1392000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1388919.0900000000</valUSD>
        <pctVal>1.9528174903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <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"/>
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        <balance>10800.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>292680.0000000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <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"/>
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        <curCd>USD</curCd>
        <valUSD>306287.5600000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Brookfield Property Partners LP</name>
        <lei>5493004J5Z0TZW83NU62</lei>
        <title>Brookfield Property Partners LP (pfd) 5.75% Series A</title>
        <cusip>G16249164</cusip>
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          <isin value="BMG162491648"/>
          <ticker value="BPY"/>
          <other otherDesc="SEDOL" value="BLK7825"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>486443.2000000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Brookfield Infrastructure Partners LP</name>
        <lei>549300WEH5R2OODI7Y90</lei>
        <title>Brookfield Infrastructure Partners LP (pfd) 5.00% Series 14</title>
        <cusip>G16252275</cusip>
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          <isin value="BMG162522756"/>
          <ticker value="BIP"/>
          <other otherDesc="SEDOL" value="BMT9V97"/>
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        <balance>13868.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245047.5600000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <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"/>
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        <curCd>USD</curCd>
        <valUSD>546543.3600000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The 6.50 05/15/2067</title>
        <cusip>020002AU5</cusip>
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          <isin value="US020002AU59"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="B1XBFQ7"/>
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        <balance>1510000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1524172.8600000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The 8.51 08/15/2053</title>
        <cusip>020002BB6</cusip>
        <identifiers>
          <isin value="US020002BB69"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="BCZM4S0"/>
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        <balance>1005000.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.25% 03/05/2173 Perpetual</title>
        <cusip>060505EH3</cusip>
        <identifiers>
          <isin value="US060505EH35"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BRJSX82"/>
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        <balance>687000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>686890.3500000000</valUSD>
        <pctVal>0.9657664720</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.88% 09/15/2172 Perpetual</title>
        <cusip>060505FL3</cusip>
        <identifiers>
          <isin value="US060505FL38"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BF28VZ8"/>
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        <balance>822000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>797509.0000000000</valUSD>
        <pctVal>1.1212960748</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Huntington Bancshares Inc/OH</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH (pfd) 4.50% Series H</title>
        <cusip>446150823</cusip>
        <identifiers>
          <isin value="US4461508230"/>
          <ticker value="HBAN"/>
          <other otherDesc="SEDOL" value="BKPLQ32"/>
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        <balance>23044.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>448666.6800000000</valUSD>
        <pctVal>0.6308244637</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) 4.20% Series MM</title>
        <cusip>48128B523</cusip>
        <identifiers>
          <isin value="US48128B5232"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BN75VC7"/>
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        <balance>18957.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>377244.3000000000</valUSD>
        <pctVal>0.5304047388</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) 6.13% 07/27/2172 Perpetual</title>
        <cusip>06055HAB9</cusip>
        <identifiers>
          <isin value="US06055HAB96"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BPNXQ46"/>
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        <balance>523000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>523867.8700000000</valUSD>
        <pctVal>0.7365571879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp 4.75 06/01/2050</title>
        <cusip>125896BU3</cusip>
        <identifiers>
          <isin value="US125896BU39"/>
          <ticker value="CMS"/>
          <other otherDesc="SEDOL" value="BLD8NV9"/>
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        <balance>663000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>608455.1900000000</valUSD>
        <pctVal>0.8554867923</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-06-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.750000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Citigroup Inc</name>
        <lei>6SHGI4ZSSLCXXQSBB395</lei>
        <title>Citigroup Inc (pfd) 6.30% 11/15/2172 Perpetual</title>
        <cusip>172967HQ7</cusip>
        <identifiers>
          <isin value="US172967HQ76"/>
          <ticker value="C"/>
          <other otherDesc="SEDOL" value="BNNMZ19"/>
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        <balance>1510000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1508130.6200000000</valUSD>
        <pctVal>2.1204286655</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc 5.75 10/01/2054</title>
        <cusip>25746UBY4</cusip>
        <identifiers>
          <isin value="US25746UBY47"/>
          <ticker value="D"/>
          <other otherDesc="SEDOL" value="BR23ZP5"/>
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        <balance>916000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>917354.4500000000</valUSD>
        <pctVal>1.2897985402</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc (pfd) 4.35% 04/15/2172 Perpetual</title>
        <cusip>25746UDM8</cusip>
        <identifiers>
          <isin value="US25746UDM80"/>
          <ticker value="D"/>
          <other otherDesc="SEDOL" value="BP6NM01"/>
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        <balance>695000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>651818.4700000000</valUSD>
        <pctVal>0.9164554781</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>263000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>244989.3400000000</valUSD>
        <pctVal>0.3444545269</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>RLJ Lodging Trust</name>
        <lei>N/A</lei>
        <title>RLJ Lodging Trust (conv) 1.95%</title>
        <cusip>74965L200</cusip>
        <identifiers>
          <isin value="US74965L2007"/>
          <ticker value="RLJ"/>
          <other otherDesc="SEDOL" value="BF2N465"/>
        </identifiers>
        <balance>20760.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>516924.0000000000</valUSD>
        <pctVal>0.7267941204</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>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"/>
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        <balance>11536.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>267750.5600000000</valUSD>
        <pctVal>0.3764567572</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>27794.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>571166.7000000000</valUSD>
        <pctVal>0.8030592492</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>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra (pfd) 5.75%</title>
        <cusip>816851604</cusip>
        <identifiers>
          <isin value="US8168516040"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="BK8LV34"/>
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        <balance>23087.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>577175.0000000000</valUSD>
        <pctVal>0.8115069071</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>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>14729.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323448.8400000000</valUSD>
        <pctVal>0.4547684286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.88% Series HH</title>
        <cusip>060505195</cusip>
        <identifiers>
          <isin value="US0605051954"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BYVQZ09"/>
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        <balance>12930.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323379.3000000000</valUSD>
        <pctVal>0.4546706555</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>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"/>
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        <balance>8589.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>215498.0100000000</valUSD>
        <pctVal>0.3029897754</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>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"/>
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        <balance>21126.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>511882.9800000000</valUSD>
        <pctVal>0.7197064563</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>Brookfield Infrastructure Finance ULC</name>
        <lei>N/A</lei>
        <title>Brookfield Infrastructure Finance ULC (pfd) 5.00%</title>
        <cusip>11276B109</cusip>
        <identifiers>
          <isin value="US11276B1098"/>
          <ticker value="BIP"/>
          <other otherDesc="SEDOL" value="BNC42V5"/>
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        <balance>14093.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>272699.5500000000</valUSD>
        <pctVal>0.3834150273</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>
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      </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"/>
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        <balance>9516.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235711.3200000000</valUSD>
        <pctVal>0.3314096492</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>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"/>
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        <balance>12160.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>320902.4000000000</valUSD>
        <pctVal>0.4511881390</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>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"/>
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        <balance>12292.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>315289.8000000000</valUSD>
        <pctVal>0.4432968345</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"/>
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        <balance>18575.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>459359.7500000000</valUSD>
        <pctVal>0.6458588989</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"/>
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        <balance>22027.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>399349.5100000000</valUSD>
        <pctVal>0.5614846203</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </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"/>
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        <balance>13221.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>274732.3800000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <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"/>
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        <balance>24585.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>585123.0000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>24449.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>616114.8000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>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"/>
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        <balance>88369.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1831889.3700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Spire Inc</name>
        <lei>549300NXSY15DRY2R511</lei>
        <title>Spire Inc (pfd) 5.90% Series A</title>
        <cusip>84857L309</cusip>
        <identifiers>
          <isin value="US84857L3096"/>
          <ticker value="SR"/>
          <other otherDesc="SEDOL" value="BJV8KN8"/>
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        <balance>9787.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>240858.0700000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>40199.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1002965.0500000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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"/>
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        <balance>10277.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>252505.8900000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Synchrony Financial</name>
        <lei>549300RS7EWPM9MA6C78</lei>
        <title>Synchrony Financial (pfd) 5.63% Series A</title>
        <cusip>87165B202</cusip>
        <identifiers>
          <isin value="US87165B2025"/>
          <ticker value="SYF"/>
          <other otherDesc="SEDOL" value="BK77YC3"/>
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        <balance>33207.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>622963.3200000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 8.87% 02/01/2173 Perpetual</title>
        <cusip>48126HAA8</cusip>
        <identifiers>
          <isin value="US48126HAA86"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BCFQYL5"/>
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        <balance>947000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>953314.6000000000</valUSD>
        <pctVal>1.3403584399</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 4.75% Series GG</title>
        <cusip>48128B622</cusip>
        <identifiers>
          <isin value="US48128B6222"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BK57WX2"/>
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        <balance>17072.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>386680.8000000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>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>19858.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>498038.6400000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>KKR Group Finance Co IX LLC</name>
        <lei>N/A</lei>
        <title>KKR Group Finance Co IX LLC (pfd) 4.63%</title>
        <cusip>48253M104</cusip>
        <identifiers>
          <isin value="US48253M1045"/>
          <ticker value="KKR"/>
          <other otherDesc="SEDOL" value="BN2D5N5"/>
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        <balance>19719.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>401676.0300000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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"/>
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        <balance>23445.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.28% Series A</title>
        <cusip>61747S504</cusip>
        <identifiers>
          <isin value="US61747S5047"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="B1802M4"/>
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        <balance>33810.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>767487.0000000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>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"/>
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        <balance>26160.0000000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.50% Series P</title>
        <cusip>61762V853</cusip>
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          <isin value="US61762V8533"/>
          <ticker value="MS"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>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"/>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc (pfd) 5.65% Series N</title>
        <cusip>65339K860</cusip>
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          <isin value="US65339K8606"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BH3JGK4"/>
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        <curCd>USD</curCd>
        <valUSD>680587.2000000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Nippon Life Insurance Co</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
        <title>Nippon Life Insurance Co 5.10 10/16/2044</title>
        <cusip>654579AD3</cusip>
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          <ticker value="NIPLIF"/>
          <other otherDesc="SEDOL" value="BRJGGH6"/>
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        <balance>646000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>641844.9300000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Variable</couponKind>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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      <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"/>
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        <curCd>USD</curCd>
        <valUSD>533544.9600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <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"/>
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        <balance>46859.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1051984.5500000000</valUSD>
        <pctVal>1.4790881943</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>47385.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1066162.5000000000</valUSD>
        <pctVal>1.4990223639</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>12344.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>300329.5200000000</valUSD>
        <pctVal>0.4222627104</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>Prudential Financial Inc</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc (pfd) 5.95%</title>
        <cusip>744320870</cusip>
        <identifiers>
          <isin value="US7443208704"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="BQB5JR5"/>
        </identifiers>
        <balance>13708.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>353392.2400000000</valUSD>
        <pctVal>0.4968687897</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>Prudential Financial Inc</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc 6.00 09/01/2052</title>
        <cusip>744320BK7</cusip>
        <identifiers>
          <isin value="US744320BK76"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="BPH2N04"/>
        </identifiers>
        <balance>1959000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1956669.3800000000</valUSD>
        <pctVal>2.7510732739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-09-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.000000000000000</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>Public Storage</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 4.00% Series R</title>
        <cusip>74460W420</cusip>
        <identifiers>
          <isin value="US74460W4208"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BMQ85K6"/>
        </identifiers>
        <balance>25773.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>498449.8200000000</valUSD>
        <pctVal>0.7008194599</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>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra (pfd) 4.88% 10/15/2172 Perpetual</title>
        <cusip>816851BK4</cusip>
        <identifiers>
          <isin value="US816851BK46"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="BMVT1B7"/>
        </identifiers>
        <balance>608000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>596724.5800000000</valUSD>
        <pctVal>0.8389935779</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) 8.19% 12/17/2172 Perpetual</title>
        <cusip>857477BA0</cusip>
        <identifiers>
          <isin value="US857477BA04"/>
          <ticker value="STT"/>
          <other otherDesc="SEDOL" value="BYVLT68"/>
        </identifiers>
        <balance>1400000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1402354.8000000000</valUSD>
        <pctVal>1.9717080720</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>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>707000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>653631.1200000000</valUSD>
        <pctVal>0.9190040605</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>
        </debtSec>
        <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% 03/01/2173 Perpetual</title>
        <cusip>89832QAD1</cusip>
        <identifiers>
          <isin value="US89832QAD16"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BKPF2H0"/>
        </identifiers>
        <balance>474000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>449598.0000000000</valUSD>
        <pctVal>0.6321338977</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>Citizens Financial Group Inc</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group Inc (pfd) 5.00% Series E</title>
        <cusip>174610402</cusip>
        <identifiers>
          <isin value="US1746104025"/>
          <ticker value="CFG"/>
          <other otherDesc="SEDOL" value="BK229B7"/>
        </identifiers>
        <balance>11070.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>235680.3000000000</valUSD>
        <pctVal>0.3313660351</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>13443.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>284185.0200000000</valUSD>
        <pctVal>0.3995635754</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>10279.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>230352.3900000000</valUSD>
        <pctVal>0.3238750042</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Duke Energy Corp</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp (pfd) 5.63%</title>
        <cusip>26441C402</cusip>
        <identifiers>
          <isin value="US26441C4024"/>
          <ticker value="DUK"/>
          <other otherDesc="SEDOL" value="BFNR2X9"/>
        </identifiers>
        <balance>31005.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>782566.2000000000</valUSD>
        <pctVal>1.1002865276</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>El Paso Energy Capital Trust I</name>
        <lei>N/A</lei>
        <title>El Paso Energy Capital Trust I (pfd) 4.75%</title>
        <cusip>283678209</cusip>
        <identifiers>
          <isin value="US2836782092"/>
          <ticker value="KMI"/>
          <other otherDesc="SEDOL" value="2208910"/>
        </identifiers>
        <balance>8757.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>414643.9500000000</valUSD>
        <pctVal>0.5829885727</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>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"/>
        </identifiers>
        <balance>24839.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>618987.8800000000</valUSD>
        <pctVal>0.8702957336</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>13319.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>329245.6800000000</valUSD>
        <pctVal>0.4629187741</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>8335.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>182953.2500000000</valUSD>
        <pctVal>0.2572319072</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>Ford Motor Co</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co (pfd) 6.50%</title>
        <cusip>345370811</cusip>
        <identifiers>
          <isin value="US3453708113"/>
          <ticker value="F"/>
          <other otherDesc="SEDOL" value="BPJK038"/>
        </identifiers>
        <balance>14472.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>365418.0000000000</valUSD>
        <pctVal>0.5137769844</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>Ford Motor Co</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co (pfd) 6.00%</title>
        <cusip>345370837</cusip>
        <identifiers>
          <isin value="US3453708378"/>
          <ticker value="F"/>
          <other otherDesc="SEDOL" value="BJP1KW2"/>
        </identifiers>
        <balance>21126.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>509770.3800000000</valUSD>
        <pctVal>0.7167361449</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>Ford Motor Co</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co (pfd) 6.20%</title>
        <cusip>345370845</cusip>
        <identifiers>
          <isin value="US3453708451"/>
          <ticker value="F"/>
          <other otherDesc="SEDOL" value="BJ029D4"/>
        </identifiers>
        <balance>13719.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>340779.9600000000</valUSD>
        <pctVal>0.4791359490</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>Globe Life Inc</name>
        <lei>5493001JFHKQOPP6XA71</lei>
        <title>Globe Life Inc (pfd) 4.25%</title>
        <cusip>37959E300</cusip>
        <identifiers>
          <isin value="US37959E3009"/>
          <ticker value="GL"/>
          <other otherDesc="SEDOL" value="BKP8TS9"/>
        </identifiers>
        <balance>12475.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>256361.2500000000</valUSD>
        <pctVal>0.3604434099</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) 6.34% Series C</title>
        <cusip>38144X609</cusip>
        <identifiers>
          <isin value="US38144X6094"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="B0N0V47"/>
        </identifiers>
        <balance>15873.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>366666.3000000000</valUSD>
        <pctVal>0.5155320918</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"/>
        </identifiers>
        <balance>19201.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>488473.4400000000</valUSD>
        <pctVal>0.6867926894</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>Hancock Whitney Corp</name>
        <lei>549300GRNBWY8HIICT41</lei>
        <title>Hancock Whitney Corp (pfd) 6.25%</title>
        <cusip>410120406</cusip>
        <identifiers>
          <isin value="US4101204067"/>
          <ticker value="HWC"/>
          <other otherDesc="SEDOL" value="BMXB7Y6"/>
        </identifiers>
        <balance>8707.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>214366.3400000000</valUSD>
        <pctVal>0.3013986496</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>2024-04-19</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>
