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      </invstOrSec>
      <invstOrSec>
        <name>Public Storage/new</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"/>
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        <balance>29207.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>532151.5400000000</valUSD>
        <pctVal>0.7274041428</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="14576.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage/new</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"/>
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        <balance>28625.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>512960.0000000000</valUSD>
        <pctVal>0.7011710030</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="53760.000000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Public Storage/new</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"/>
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        <balance>10453.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>233520.0200000000</valUSD>
        <pctVal>0.3192012372</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="116168.000000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Public Storage/new</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 5.60% Series H</title>
        <cusip>74460W644</cusip>
        <identifiers>
          <isin value="US74460W6443"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BGMHQB3"/>
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        <balance>13354.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>337188.5000000000</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>Public Storage/new</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"/>
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        <balance>13340.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>312956.4000000000</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>
          <loanByFundCondition isLoanByFund="Y" loanVal="21114.000000000000"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 5.95% Series D</title>
        <cusip>808513600</cusip>
        <identifiers>
          <isin value="US8085136005"/>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL" value="BYPFT55"/>
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        <balance>35874.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>901154.8800000000</valUSD>
        <pctVal>1.2317991093</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="675853.600000000000"/>
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      <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"/>
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        <balance>19608.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>399022.8000000000</valUSD>
        <pctVal>0.5454289163</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>
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      <invstOrSec>
        <name>Selective Insurance Group Inc</name>
        <lei>549300R3WGJWLE40R258</lei>
        <title>Selective Insurance Group Inc (pfd) 4.60% Series B</title>
        <cusip>816300503</cusip>
        <identifiers>
          <isin value="US8163005031"/>
          <ticker value="SIGI"/>
          <other otherDesc="SEDOL" value="BNHP5W5"/>
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        <balance>13713.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>250673.6400000000</valUSD>
        <pctVal>0.3426487204</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="47528.000000000000"/>
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      <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>100942.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2007736.3800000000</valUSD>
        <pctVal>2.7443982599</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="1989.000000000000"/>
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      <invstOrSec>
        <name>State Street Corp</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp (pfd) 5.35% Series G</title>
        <cusip>857477855</cusip>
        <identifiers>
          <isin value="US8574778556"/>
          <ticker value="STT"/>
          <other otherDesc="SEDOL" value="BYPK477"/>
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        <balance>23681.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>581368.5500000000</valUSD>
        <pctVal>0.7946794474</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="66285.000000000000"/>
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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>24723.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>569865.1500000000</valUSD>
        <pctVal>0.7789553159</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="96810.000000000000"/>
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      <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>1311.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1534646.3000000000</valUSD>
        <pctVal>2.0977259152</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="242361.600000000000"/>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 4.75% Series Z</title>
        <cusip>94988U151</cusip>
        <identifiers>
          <isin value="US94988U1512"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BJVB6B7"/>
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        <balance>28215.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>576150.3000000000</valUSD>
        <pctVal>0.7875465606</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="396290.940000000000"/>
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      <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"/>
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        <balance>5068900.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5068900.0000000000</valUSD>
        <pctVal>6.9287384928</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="5068900.000000000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chart Industries Inc</name>
        <lei>EM7QGKC1GYOF3LSZSL80</lei>
        <title>Chart Industries Inc (conv) 6.75% 12-15-2025</title>
        <cusip>16115Q407</cusip>
        <identifiers>
          <isin value="US16115Q4073"/>
          <ticker value="GTLS"/>
          <other otherDesc="SEDOL" value="BNTBQN9"/>
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        <balance>9895.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>604485.5500000000</valUSD>
        <pctVal>0.8262783441</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>
        <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>291000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>274168.8200000000</valUSD>
        <pctVal>0.3747645558</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc 6.25 03/01/2078</title>
        <cusip>29250NAW5</cusip>
        <identifiers>
          <isin value="US29250NAW56"/>
          <ticker value="ENBCN"/>
          <other otherDesc="SEDOL" value="BDVLN58"/>
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        <balance>373000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>356322.5400000000</valUSD>
        <pctVal>0.4870614332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2078-03-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.250000000000000</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>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc 7.38 01/15/2083</title>
        <cusip>29250NBN4</cusip>
        <identifiers>
          <isin value="US29250NBN49"/>
          <ticker value="ENBCN"/>
          <other otherDesc="SEDOL" value="BMGCGM7"/>
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        <balance>357000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>354518.1700000000</valUSD>
        <pctVal>0.4845950188</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2083-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>7.375000000000000</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>EIDP Inc</name>
        <lei>GLU7INWNWH88J9XBXD45</lei>
        <title>EIDP Inc (pfd) 4.50% Series B</title>
        <cusip>263534307</cusip>
        <identifiers>
          <isin value="US2635343070"/>
          <ticker value="CTVA"/>
          <other otherDesc="SEDOL" value="2287748"/>
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        <balance>3395.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>242844.3500000000</valUSD>
        <pctVal>0.3319467726</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>35138.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>865448.9400000000</valUSD>
        <pctVal>1.1829922437</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>Energy Transfer LP</name>
        <lei>MTLVN9N7JE8MIBIJ1H73</lei>
        <title>Energy Transfer LP (pfd) 6.25% 02/15/2173 Perpetual</title>
        <cusip>29273VAJ9</cusip>
        <identifiers>
          <isin value="US29273VAJ98"/>
          <ticker value="ET"/>
          <other otherDesc="SEDOL" value="BMHR7V7"/>
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        <balance>377000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>356058.8600000000</valUSD>
        <pctVal>0.4867010059</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>Enstar Finance LLC</name>
        <lei>N/A</lei>
        <title>Enstar Finance LLC 5.75 09/01/2040</title>
        <cusip>29360AAA8</cusip>
        <identifiers>
          <isin value="US29360AAA88"/>
          <ticker value="ESGR"/>
          <other otherDesc="SEDOL" value="BMW4BX3"/>
        </identifiers>
        <balance>186000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>183003.6900000000</valUSD>
        <pctVal>0.2501498769</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2040-09-01</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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enstar Group Ltd</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>Enstar Group Ltd (pfd) 7.00% Series D</title>
        <cusip>29359U109</cusip>
        <identifiers>
          <isin value="US29359U1097"/>
          <ticker value="ESGR"/>
          <other otherDesc="SEDOL" value="BFXXB52"/>
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        <balance>19016.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>477491.7600000000</valUSD>
        <pctVal>0.6526890524</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>Enstar Group Ltd</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>Enstar Group Ltd (pfd) 7.00% Series E</title>
        <cusip>29359U208</cusip>
        <identifiers>
          <isin value="US29359U2087"/>
          <ticker value="ESGR"/>
          <other otherDesc="SEDOL" value="BGT0PD0"/>
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        <balance>15111.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>367348.4100000000</valUSD>
        <pctVal>0.5021328234</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>Enstar Finance LLC</name>
        <lei>N/A</lei>
        <title>Enstar Finance LLC 5.50 01/15/2042</title>
        <cusip>29360AAB6</cusip>
        <identifiers>
          <isin value="US29360AAB61"/>
          <ticker value="ESGR"/>
          <other otherDesc="SEDOL" value="BPLFC57"/>
        </identifiers>
        <balance>187000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182718.0200000000</valUSD>
        <pctVal>0.2497593913</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enterprise Products Operating LLC</name>
        <lei>5493004LGN656HWLDA30</lei>
        <title>Enterprise Products Operating LLC 5.38 02/15/2078</title>
        <cusip>29379VBR3</cusip>
        <identifiers>
          <isin value="US29379VBR33"/>
          <ticker value="EPD"/>
          <other otherDesc="SEDOL" value="BYWF668"/>
        </identifiers>
        <balance>184000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>171208.4300000000</valUSD>
        <pctVal>0.2340267986</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2078-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.375000000000000</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>Equitable Holdings Inc</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings Inc (pfd) 4.30% Series C</title>
        <cusip>29452E408</cusip>
        <identifiers>
          <isin value="US29452E4089"/>
          <ticker value="EQH"/>
          <other otherDesc="SEDOL" value="BMF1DS0"/>
        </identifiers>
        <balance>22222.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>414884.7400000000</valUSD>
        <pctVal>0.5671107870</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>F&amp;G Annuities &amp; Life Inc</name>
        <lei>N/A</lei>
        <title>F&amp;G Annuities &amp; Life Inc (pfd) 7.95%</title>
        <cusip>30190A203</cusip>
        <identifiers>
          <isin value="US30190A2033"/>
          <ticker value="FG"/>
          <other otherDesc="SEDOL" value="BNKG9F6"/>
        </identifiers>
        <balance>16286.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>420993.1000000000</valUSD>
        <pctVal>0.5754603755</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>Fifth Third Bancorp</name>
        <lei>THRNG6BD57P9QWTQLG42</lei>
        <title>Fifth Third Bancorp (pfd) 4.50% 09/30/2172 Perpetual</title>
        <cusip>316773DB3</cusip>
        <identifiers>
          <isin value="US316773DB33"/>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL" value="BN4PXW4"/>
        </identifiers>
        <balance>186000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>179822.1200000000</valUSD>
        <pctVal>0.2458009518</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>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The (pfd) 6.34% Series A</title>
        <cusip>38143Y665</cusip>
        <identifiers>
          <isin value="US38143Y6656"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="B07GC93"/>
        </identifiers>
        <balance>31044.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>729534.0000000000</valUSD>
        <pctVal>0.9972085280</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>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>15094.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>353048.6600000000</valUSD>
        <pctVal>0.4825863285</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>16401.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>413305.2000000000</valUSD>
        <pctVal>0.5649516953</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"/>
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        <balance>15547.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>369396.7200000000</valUSD>
        <pctVal>0.5049326822</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"/>
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        <balance>14136.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205254.7200000000</valUSD>
        <pctVal>0.2805650692</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 Oaktree Holdings LLC</name>
        <lei>254900T1ODNFOK2L6090</lei>
        <title>Brookfield Oaktree Holdings LLC (pfd) 6.55% Series B</title>
        <cusip>674001409</cusip>
        <identifiers>
          <isin value="US6740014096"/>
          <ticker value="OAK"/>
          <other otherDesc="SEDOL" value="BG4SNK2"/>
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        <balance>20915.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>441724.8000000000</valUSD>
        <pctVal>0.6037987778</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>Public Storage/new</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 3.88% Series N</title>
        <cusip>74460W511</cusip>
        <identifiers>
          <isin value="US74460W5114"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BLFKCL6"/>
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        <balance>16203.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>283552.5000000000</valUSD>
        <pctVal>0.3875912173</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>Realty Income Corp</name>
        <lei>549300CUWDAUZSH43859</lei>
        <title>Realty Income Corp (pfd) 6.00% Series A</title>
        <cusip>756109880</cusip>
        <identifiers>
          <isin value="US7561098804"/>
          <ticker value="O"/>
          <other otherDesc="SEDOL" value="BPLDNF8"/>
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        <balance>11091.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>260638.5000000000</valUSD>
        <pctVal>0.3562698036</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) 6.38% Series B</title>
        <cusip>7591EP506</cusip>
        <identifiers>
          <isin value="US7591EP5063"/>
          <ticker value="RF"/>
          <other otherDesc="SEDOL" value="BLZHDQ9"/>
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        <balance>23618.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>603203.7200000000</valUSD>
        <pctVal>0.8245261958</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>24086.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>552773.7000000000</valUSD>
        <pctVal>0.7555928136</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>Reinsurance Group of America Inc</name>
        <lei>LORM1GNEU1DKEW527V90</lei>
        <title>Reinsurance Group of America Inc (pfd) 5.75%</title>
        <cusip>759351802</cusip>
        <identifiers>
          <isin value="US7593518027"/>
          <ticker value="RGA"/>
          <other otherDesc="SEDOL" value="BYT3Q98"/>
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        <balance>19048.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>474485.6800000000</valUSD>
        <pctVal>0.6485800066</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>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"/>
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        <balance>22538.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>510936.4600000000</valUSD>
        <pctVal>0.6984050026</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>Goldman Sachs Group Inc/The</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Huntington Bancshares Inc/OH</name>
        <lei>549300XTVCVV9I7B5T19</lei>
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          <isin value="US4461507737"/>
          <ticker value="HBAN"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Jackson Financial Inc</name>
        <lei>213800WXW2KG1N4CO374</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
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        <curCd>USD</curCd>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
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          <isin value="US48128B6222"/>
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        <assetCat>EP</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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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>
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          <isin value="US48128B6552"/>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 6.88% 06/01/2173 Perpetual</title>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Kimco Realty Corp</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty Corp (pfd) 5.25% Series M</title>
        <cusip>49446R711</cusip>
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          <isin value="US49446R7118"/>
          <ticker value="KIM"/>
          <other otherDesc="SEDOL" value="BD0RST6"/>
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        <curCd>USD</curCd>
        <valUSD>311439.9000000000</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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        <name>M&amp;T Bank Corp</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp (pfd) 3.50% 03/01/2173 Perpetual</title>
        <cusip>55261FAN4</cusip>
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          <isin value="US55261FAN42"/>
          <ticker value="MTB"/>
          <other otherDesc="SEDOL" value="BPCKX47"/>
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        <curCd>USD</curCd>
        <valUSD>179921.7900000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MFA Financial Inc</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
        <title>MFA Financial Inc (pfd) 6.50% Series C</title>
        <cusip>55272X508</cusip>
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          <isin value="US55272X5086"/>
          <ticker value="MFA"/>
          <other otherDesc="SEDOL" value="BLHGG32"/>
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        <curCd>USD</curCd>
        <valUSD>261897.5700000000</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>Meiji Yasuda Life Insurance Co</name>
        <lei>549300SLU4LP6YMRLK07</lei>
        <title>Meiji Yasuda Life Insurance Co 5.20 10/20/2045</title>
        <cusip>585270AA9</cusip>
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          <ticker value="MYLIFE"/>
          <other otherDesc="SEDOL" value="BYNK2S6"/>
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        <curCd>USD</curCd>
        <valUSD>182345.5100000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Meiji Yasuda Life Insurance Co</name>
        <lei>549300SLU4LP6YMRLK07</lei>
        <title>Meiji Yasuda Life Insurance Co 5.10 04/26/2048</title>
        <cusip>585270AC5</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>MetLife Capital Trust IV</name>
        <lei>N/A</lei>
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        <cusip>591560AA5</cusip>
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          <ticker value="MET"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 6.40 12/15/2066</title>
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      <invstOrSec>
        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 10.75 08/01/2069</title>
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      <invstOrSec>
        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 9.25 04/08/2068</title>
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        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
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      <invstOrSec>
        <name>Mitsui Sumitomo Insurance Co Ltd</name>
        <lei>5493006KRZ0SJO41LZ83</lei>
        <title>Mitsui Sumitomo Insurance Co Ltd (pfd) 4.95% 09/06/2172 Perpetual</title>
        <cusip>606839AB4</cusip>
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          <ticker value="MSINS"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.29% Series A</title>
        <cusip>61747S504</cusip>
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          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="B1802M4"/>
        </identifiers>
        <balance>52524.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1211728.6800000000</valUSD>
        <pctVal>1.6563260565</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.38% Series I</title>
        <cusip>61761J406</cusip>
        <identifiers>
          <isin value="US61761J4067"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BQT2G00"/>
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        <balance>13760.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>347440.0000000000</valUSD>
        <pctVal>0.4749197857</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 5.85% Series K</title>
        <cusip>61762V606</cusip>
        <identifiers>
          <isin value="US61762V6065"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BYYYY81"/>
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        <balance>27605.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>675770.4000000000</valUSD>
        <pctVal>0.9237184365</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.50% Series P</title>
        <cusip>61762V853</cusip>
        <identifiers>
          <isin value="US61762V8533"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BQH5ZL5"/>
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        <balance>13370.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>343341.6000000000</valUSD>
        <pctVal>0.4693176350</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>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 4.25% Series O</title>
        <cusip>61762V861</cusip>
        <identifiers>
          <isin value="US61762V8616"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BMF4W82"/>
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        <balance>22877.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>433519.1500000000</valUSD>
        <pctVal>0.5925823792</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>Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen</name>
        <lei>529900MUF4C20K50JS49</lei>
        <title>Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen 5.88 05/23/2042</title>
        <cusip>62582PAA8</cusip>
        <identifiers>
          <isin value="US62582PAA84"/>
          <ticker value="MUNRE"/>
          <other otherDesc="SEDOL" value="BMBW1J4"/>
        </identifiers>
        <balance>200000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>199959.0000000000</valUSD>
        <pctVal>0.2733262878</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2042-05-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.875000000000000</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>National Storage Affiliates Trust</name>
        <lei>N/A</lei>
        <title>National Storage Affiliates Trust (pfd) 6.00% Series A</title>
        <cusip>637870205</cusip>
        <identifiers>
          <isin value="US6378702053"/>
          <ticker value="NSA"/>
          <other otherDesc="SEDOL" value="BF0M624"/>
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        <balance>12358.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293626.0800000000</valUSD>
        <pctVal>0.4013609112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NextEra Energy Inc</name>
        <lei>N/A</lei>
        <title>NextEra Energy Inc (conv) 6.93% 09-01-2025</title>
        <cusip>65339F713</cusip>
        <identifiers>
          <isin value="US65339F7134"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BQV3827"/>
        </identifiers>
        <balance>39541.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1795359.1100000000</valUSD>
        <pctVal>2.4540972941</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>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc (pfd) 5.65% Series N</title>
        <cusip>65339K860</cusip>
        <identifiers>
          <isin value="US65339K8606"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BH3JGK4"/>
        </identifiers>
        <balance>13509.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>330700.3200000000</valUSD>
        <pctVal>0.4520381220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc 4.80 12/01/2077</title>
        <cusip>65339KAV2</cusip>
        <identifiers>
          <isin value="US65339KAV26"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BF3BKY8"/>
        </identifiers>
        <balance>187000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>172340.4300000000</valUSD>
        <pctVal>0.2355741426</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.800000000000000</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>NextEra Energy Capital Holdings Inc</name>
        <lei>UMI46YPGBLUE4VGNNT48</lei>
        <title>NextEra Energy Capital Holdings Inc 3.80 03/15/2082</title>
        <cusip>65339KCB4</cusip>
        <identifiers>
          <isin value="US65339KCB44"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BNM2D83"/>
        </identifiers>
        <balance>199000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181763.3600000000</valUSD>
        <pctVal>0.2484544554</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2082-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.800000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookfield Oaktree Holdings LLC</name>
        <lei>254900T1ODNFOK2L6090</lei>
        <title>Brookfield Oaktree Holdings LLC (pfd) 6.63% Series A</title>
        <cusip>674001300</cusip>
        <identifiers>
          <isin value="US6740013007"/>
          <ticker value="OAK"/>
          <other otherDesc="SEDOL" value="BYVNFF5"/>
        </identifiers>
        <balance>25447.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>547110.5000000000</valUSD>
        <pctVal>0.7478517195</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) 6.50% Series E</title>
        <cusip>00123Q807</cusip>
        <identifiers>
          <isin value="US00123Q8078"/>
          <ticker value="AGNC"/>
          <other otherDesc="SEDOL" value="BK71BY6"/>
        </identifiers>
        <balance>14746.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>368355.0800000000</valUSD>
        <pctVal>0.5035088524</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>15272.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>367291.6000000000</valUSD>
        <pctVal>0.5020551692</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>55433.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1283828.2800000000</valUSD>
        <pctVal>1.7548798402</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"/>
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        <balance>41947.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>845232.0500000000</valUSD>
        <pctVal>1.1553575411</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Affiliated Managers Group Inc</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group Inc (pfd) 5.88%</title>
        <cusip>008252850</cusip>
        <identifiers>
          <isin value="US0082528508"/>
          <ticker value="AMG"/>
          <other otherDesc="SEDOL" value="BJVJZF8"/>
        </identifiers>
        <balance>50393.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1124771.7600000000</valUSD>
        <pctVal>1.5374636290</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>13414.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>230854.9400000000</valUSD>
        <pctVal>0.3155583083</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 Financial Group Inc/OH</name>
        <lei>549300AFOM7IVKIU1G39</lei>
        <title>American Financial Group Inc/OH (pfd) 5.63%</title>
        <cusip>025932872</cusip>
        <identifiers>
          <isin value="US0259328724"/>
          <ticker value="AFG"/>
          <other otherDesc="SEDOL" value="BMWJ1L6"/>
        </identifiers>
        <balance>10902.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>245513.0400000000</valUSD>
        <pctVal>0.3355946361</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 Financial Group Inc/OH</name>
        <lei>549300AFOM7IVKIU1G39</lei>
        <title>American Financial Group Inc/OH (pfd) 5.13%</title>
        <cusip>025932880</cusip>
        <identifiers>
          <isin value="US0259328807"/>
          <ticker value="AFG"/>
          <other otherDesc="SEDOL" value="BJQY934"/>
        </identifiers>
        <balance>12397.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>255006.2900000000</valUSD>
        <pctVal>0.3485710701</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>Apollo Global Management Inc</name>
        <lei>N/A</lei>
        <title>Apollo Global Management Inc (conv) 6.75% 07-31-2026</title>
        <cusip>03769M304</cusip>
        <identifiers>
          <isin value="US03769M3043"/>
          <ticker value="APO"/>
          <other otherDesc="SEDOL" value="BQVW6Z3"/>
        </identifiers>
        <balance>18628.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1209329.7600000000</valUSD>
        <pctVal>1.6530469448</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>Arch Capital Group Ltd</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>Arch Capital Group Ltd (pfd) 5.45% Series F</title>
        <cusip>03939A107</cusip>
        <identifiers>
          <isin value="US03939A1079"/>
          <ticker value="ACGL"/>
          <other otherDesc="SEDOL" value="BF956G8"/>
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        <balance>16739.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>375288.3800000000</valUSD>
        <pctVal>0.5129860610</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Arch Capital Group Ltd</name>
        <lei>549300AYR4P8AFKDCE43</lei>
        <title>Arch Capital Group Ltd (pfd) 4.55% Series G</title>
        <cusip>03939A404</cusip>
        <identifiers>
          <isin value="US03939A4040"/>
          <ticker value="ACGL"/>
          <other otherDesc="SEDOL" value="BNYBNX3"/>
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        <balance>23770.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>464465.8000000000</valUSD>
        <pctVal>0.6348837158</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Assurant Inc</name>
        <lei>H3F39CAXWQRVWURFXL38</lei>
        <title>Assurant Inc (pfd) 5.25%</title>
        <cusip>04621X306</cusip>
        <identifiers>
          <isin value="US04621X3061"/>
          <ticker value="AIZ"/>
          <other otherDesc="SEDOL" value="BLD4BS0"/>
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        <balance>13627.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>286575.8100000000</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>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 5.63% Series B</title>
        <cusip>04686J200</cusip>
        <identifiers>
          <isin value="US04686J2006"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BKWG6L8"/>
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        <balance>29602.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>643843.5000000000</valUSD>
        <pctVal>0.8800771848</pctVal>
        <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>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 4.88% Series D</title>
        <cusip>04686J408</cusip>
        <identifiers>
          <isin value="US04686J4085"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BMC8G63"/>
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        <balance>31405.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>602661.9500000000</valUSD>
        <pctVal>0.8237856441</pctVal>
        <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>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 7.75% Series E</title>
        <cusip>04686J507</cusip>
        <identifiers>
          <isin value="US04686J5074"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BPLKV33"/>
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        <balance>23667.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>618892.0500000000</valUSD>
        <pctVal>0.8459707569</pctVal>
        <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>Athene Holding Ltd</name>
        <lei>549300H316CT32FQXI76</lei>
        <title>Athene Holding Ltd (pfd) 6.35% Series A</title>
        <cusip>04686J861</cusip>
        <identifiers>
          <isin value="US04686J8615"/>
          <ticker value="ATH"/>
          <other otherDesc="SEDOL" value="BPSKDY1"/>
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        <balance>12116.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>293570.6800000000</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>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>25891.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>549407.0200000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BIP Bermuda Holdings I Ltd</name>
        <lei>549300Y8SLOLKXX0MZ44</lei>
        <title>BIP Bermuda Holdings I Ltd (pfd) 5.13%</title>
        <cusip>05554M100</cusip>
        <identifiers>
          <isin value="US05554M1009"/>
          <ticker value="BIP"/>
          <other otherDesc="SEDOL" value="BPVC0M1"/>
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        <balance>15926.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>288897.6400000000</valUSD>
        <pctVal>0.3948975515</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>
        <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>14654.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>364884.6000000000</valUSD>
        <pctVal>0.4987650128</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>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.00% Series GG</title>
        <cusip>060505229</cusip>
        <identifiers>
          <isin value="US0605052291"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BFZNM46"/>
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        <balance>27713.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>695319.1700000000</valUSD>
        <pctVal>0.9504398781</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>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.09% Series 5</title>
        <cusip>060505583</cusip>
        <identifiers>
          <isin value="US0605055831"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="B1VN1F6"/>
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        <balance>12218.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>273194.4800000000</valUSD>
        <pctVal>0.3734327191</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>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.25% Series 02</title>
        <cusip>060505625</cusip>
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          <isin value="US0605056250"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="B06H0T3"/>
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        <balance>16501.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>364672.1000000000</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>
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      <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>9733.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>238361.1700000000</valUSD>
        <pctVal>0.3258186616</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>
        <name>W R Berkley Corp</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp (pfd) 5.10%</title>
        <cusip>084423805</cusip>
        <identifiers>
          <isin value="US0844238057"/>
          <ticker value="WRB"/>
          <other otherDesc="SEDOL" value="BJBK4B0"/>
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        <balance>9329.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>198241.2500000000</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>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>10783.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269575.0000000000</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>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>13930.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>359394.0000000000</valUSD>
        <pctVal>0.4912598477</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>
        <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>21051.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>514275.9300000000</valUSD>
        <pctVal>0.7029697631</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>
        <name>Prudential Financial Inc</name>
        <lei>5PRBRS5FEH7NREC8OR45</lei>
        <title>Prudential Financial Inc 6.00 09/01/2052</title>
        <cusip>744320BK7</cusip>
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          <isin value="US744320BK76"/>
          <ticker value="PRU"/>
          <other otherDesc="SEDOL" value="BPH2N04"/>
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        <balance>538000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>526245.5600000000</valUSD>
        <pctVal>0.7193311899</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>QBE Insurance Group Ltd</name>
        <lei>549300D2FBW76FPUSG65</lei>
        <title>QBE Insurance Group Ltd (pfd) 5.88% 11/12/2172 Perpetual</title>
        <cusip>74728GAE0</cusip>
        <identifiers>
          <isin value="US74728GAE08"/>
          <ticker value="QBEAU"/>
          <other otherDesc="SEDOL" value="BMHCRJ0"/>
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        <balance>184000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181986.0800000000</valUSD>
        <pctVal>0.2487588940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SCE Trust IV</name>
        <lei>N/A</lei>
        <title>SCE Trust IV (pfd) 5.38% Series J</title>
        <cusip>78409G206</cusip>
        <identifiers>
          <isin value="US78409G2066"/>
          <ticker value="EIX"/>
          <other otherDesc="SEDOL" value="BYX6KN5"/>
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        <balance>15584.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>376665.2800000000</valUSD>
        <pctVal>0.5148681616</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>SCE Trust VI</name>
        <lei>N/A</lei>
        <title>SCE Trust VI (pfd) 5.00%</title>
        <cusip>78410V200</cusip>
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          <isin value="US78410V2007"/>
          <ticker value="EIX"/>
          <other otherDesc="SEDOL" value="BDC3P68"/>
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        <balance>1252.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>24351.4000000000</valUSD>
        <pctVal>0.0332862125</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>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 5.00% 06/01/2173 Perpetual</title>
        <cusip>808513AR6</cusip>
        <identifiers>
          <isin value="US808513AR62"/>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL" value="BD6JB53"/>
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        <balance>395000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>357966.8900000000</valUSD>
        <pctVal>0.4893091144</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>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 4.00% 06/01/2173 Perpetual</title>
        <cusip>808513BK0</cusip>
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          <isin value="US808513BK01"/>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL" value="BNGHGM9"/>
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        <balance>183000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>170453.0600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 5.00% 06/01/2173 Perpetual</title>
        <cusip>808513CB9</cusip>
        <identifiers>
          <isin value="US808513CB92"/>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL" value="BP6LTG0"/>
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        <balance>191000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182382.2700000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra (pfd) 5.75%</title>
        <cusip>816851604</cusip>
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          <isin value="US8168516040"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="BK8LV34"/>
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        <balance>7505.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>175692.0500000000</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>Southern Co/The</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The 4.00 01/15/2051</title>
        <cusip>842587DF1</cusip>
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          <isin value="US842587DF14"/>
          <ticker value="SO"/>
          <other otherDesc="SEDOL" value="BMG6YH0"/>
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        <balance>188000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>181534.9100000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-01-15</maturityDt>
          <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>
        <name>State Street Corp</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>State Street Corp (pfd) 8.13% 12/17/2172 Perpetual</title>
        <cusip>857477BA0</cusip>
        <identifiers>
          <isin value="US857477BA04"/>
          <ticker value="STT"/>
          <other otherDesc="SEDOL" value="BYVLT68"/>
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        <balance>181000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>182306.2800000000</valUSD>
        <pctVal>0.2491965791</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>Stifel Financial Corp</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp (pfd) 5.20%</title>
        <cusip>860630607</cusip>
        <identifiers>
          <isin value="US8606306079"/>
          <ticker value="SF"/>
          <other otherDesc="SEDOL" value="BD9FPT0"/>
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        <balance>12562.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>271339.2000000000</valUSD>
        <pctVal>0.3708967152</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>
        <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>11645.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291590.8000000000</valUSD>
        <pctVal>0.3985788633</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>Sumitomo Life Insurance Co</name>
        <lei>549300I5OQCDADQSPI57</lei>
        <title>Sumitomo Life Insurance Co 4.00 09/14/2077</title>
        <cusip>86564CAB6</cusip>
        <identifiers>
          <isin value="US86564CAB63"/>
          <ticker value="SUMILF"/>
          <other otherDesc="SEDOL" value="BDGS600"/>
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        <balance>194000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>182737.3300000000</valUSD>
        <pctVal>0.2497857864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-09-14</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.000000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Sumitomo Life Insurance Co</name>
        <lei>549300I5OQCDADQSPI57</lei>
        <title>Sumitomo Life Insurance Co (pfd) 5.88% 07/18/2172 Perpetual</title>
        <cusip>86564CAE0</cusip>
        <identifiers>
          <isin value="US86564CAE03"/>
          <ticker value="SUMILF"/>
          <other otherDesc="SEDOL" value="BRF20M1"/>
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        <balance>174000.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>169764.7200000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TPG Operating Group II LP</name>
        <lei>2549001H9RJQNZT7MU11</lei>
        <title>TPG Operating Group II LP (pfd) 6.95%</title>
        <cusip>872652102</cusip>
        <identifiers>
          <isin value="US8726521029"/>
          <ticker value="TPG"/>
          <other otherDesc="SEDOL" value="BRC7MJ0"/>
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        <balance>18894.0000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>499935.2400000000</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>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"/>
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        <balance>381000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>355930.0100000000</valUSD>
        <pctVal>0.4865248794</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>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Transcanada Trust</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>Transcanada Trust 5.50 09/15/2079</title>
        <cusip>89356BAE8</cusip>
        <identifiers>
          <isin value="US89356BAE83"/>
          <ticker value="TRPCN"/>
          <other otherDesc="SEDOL" value="BKVJXH3"/>
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        <balance>389000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>357193.5700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2079-09-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Truist Financial Corp</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp (pfd) 6.12% Series I</title>
        <cusip>89832Q810</cusip>
        <identifiers>
          <isin value="US89832Q8107"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BKMF2F1"/>
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        <balance>11492.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>255122.4000000000</valUSD>
        <pctVal>0.3487297823</pctVal>
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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>Truist Financial Corp</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp (pfd) 5.13% 06/15/2172 Perpetual</title>
        <cusip>89832QAC3</cusip>
        <identifiers>
          <isin value="US89832QAC33"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BKP9CW7"/>
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        <balance>197000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>182768.7600000000</valUSD>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp (pfd) 6.19% Series B*</title>
        <cusip>902973155</cusip>
        <identifiers>
          <isin value="US9029731554"/>
          <ticker value="USB"/>
          <other otherDesc="SEDOL" value="B125QN4"/>
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        <balance>47194.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1013727.1200000000</valUSD>
        <pctVal>1.3856754163</pctVal>
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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>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>501000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>501293.7400000000</valUSD>
        <pctVal>0.6852242563</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 3.9% 06/15/2169 Perpetual</title>
        <cusip>949746TD3</cusip>
        <identifiers>
          <isin value="US949746TD35"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BMDJ3N1"/>
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        <balance>191000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>180634.0700000000</valUSD>
        <pctVal>0.2469108157</pctVal>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 4.70% Series AA</title>
        <cusip>94988U128</cusip>
        <identifiers>
          <isin value="US94988U1280"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BMYVT83"/>
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        <balance>8498.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>172849.3200000000</valUSD>
        <pctVal>0.2362697502</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>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 5.63% Series Y</title>
        <cusip>94988U656</cusip>
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        <name>WESCO International Inc</name>
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        <name>Aspen Insurance Holdings Ltd</name>
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        <name>Brookfield Infrastructure Partners LP</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Brookfield Infrastructure Partners LP</name>
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        <cusip>G16252275</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Triton International Ltd</name>
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        <assetCat>EP</assetCat>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>ACE Capital Trust II</name>
        <lei>N/A</lei>
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          <ticker value="CB"/>
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      <invstOrSec>
        <name>Aegon Ltd</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>Aegon Ltd 5.50 04/11/2048</title>
        <cusip>007924AJ2</cusip>
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        <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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          <ticker value="ALL"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>American Electric Power Co Inc</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <couponKind>Variable</couponKind>
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        <name>American Express Co</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co (pfd) 3.55% 09/15/2172 Perpetual</title>
        <cusip>025816CH0</cusip>
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      <invstOrSec>
        <name>Ares Finance Co III LLC</name>
        <lei>N/A</lei>
        <title>Ares Finance Co III LLC 4.13 06/30/2051</title>
        <cusip>04018VAA1</cusip>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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          <couponKind>Variable</couponKind>
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        <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>
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          <ticker value="BAC"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <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>
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          <ticker value="BAC"/>
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        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

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      <invstOrSec>
        <name>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp 4.75 06/01/2050</title>
        <cusip>125896BU3</cusip>
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        <issuerCat>CORP</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp 3.75 12/01/2050</title>
        <cusip>125896BV1</cusip>
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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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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp (pfd) 4.80% Series J</title>
        <cusip>14040H782</cusip>
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          <isin value="US14040H7825"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BK9PWX2"/>
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        <curCd>USD</curCd>
        <valUSD>1145473.2300000000</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>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp (pfd) 3.95% 09/01/2172 Perpetual</title>
        <cusip>14040HCF0</cusip>
        <identifiers>
          <isin value="US14040HCF01"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BMCQHF3"/>
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        <curCd>USD</curCd>
        <valUSD>169428.1600000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Corebridge Financial Inc</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>Corebridge Financial Inc 6.88 12/15/2052</title>
        <cusip>21871XAP4</cusip>
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          <isin value="US21871XAP42"/>
          <ticker value="CRBG"/>
          <other otherDesc="SEDOL" value="BPYS2Z3"/>
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        <curCd>USD</curCd>
        <valUSD>171147.4700000000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2052-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.875000000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Discover Financial Services</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>Discover Financial Services (pfd) 5.50% 04/30/2173 Perpetual</title>
        <cusip>254709AN8</cusip>
        <identifiers>
          <isin value="US254709AN83"/>
          <ticker value="DFS"/>
          <other otherDesc="SEDOL" value="BFLVVG9"/>
        </identifiers>
        <balance>197000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>168168.6400000000</valUSD>
        <pctVal>0.2298716742</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>Discover Financial Services</name>
        <lei>Z1YLO2USPORE63VVUL20</lei>
        <title>Discover Financial Services (pfd) 6.13% 03/23/2173 Perpetual</title>
        <cusip>254709AQ1</cusip>
        <identifiers>
          <isin value="US254709AQ15"/>
          <ticker value="DFS"/>
          <other otherDesc="SEDOL" value="BL57VP4"/>
        </identifiers>
        <balance>182000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>181392.2700000000</valUSD>
        <pctVal>0.2479472082</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>Dominion Energy Inc</name>
        <lei>ILUL7B6Z54MRYCF6H308</lei>
        <title>Dominion Energy Inc (pfd) 4.35% 04/15/2173 Perpetual</title>
        <cusip>25746UDM8</cusip>
        <identifiers>
          <isin value="US25746UDM80"/>
          <ticker value="D"/>
          <other otherDesc="SEDOL" value="BP6NM01"/>
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        <balance>769000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>730521.4700000000</valUSD>
        <pctVal>0.9985583123</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Duke Energy Corp</name>
        <lei>I1BZKREC126H0VB1BL91</lei>
        <title>Duke Energy Corp 3.25 01/15/2082</title>
        <cusip>26441CBP9</cusip>
        <identifiers>
          <isin value="US26441CBP95"/>
          <ticker value="DUK"/>
          <other otherDesc="SEDOL" value="BMGCCK7"/>
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        <balance>193000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>173144.0100000000</valUSD>
        <pctVal>0.2366725654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2082-01-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.250000000000000</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>Nippon Life Insurance Co</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
        <title>Nippon Life Insurance Co 5.10 10/16/2044</title>
        <cusip>654579AD3</cusip>
        <identifiers>
          <isin value="US654579AD34"/>
          <ticker value="NIPLIF"/>
          <other otherDesc="SEDOL" value="BRJGGH6"/>
        </identifiers>
        <balance>537000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>535396.3600000000</valUSD>
        <pctVal>0.7318395250</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2044-10-16</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.100000000000001</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>Nippon Life Insurance Co</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
        <title>Nippon Life Insurance Co 4.70 01/20/2046</title>
        <cusip>654579AE1</cusip>
        <identifiers>
          <isin value="US654579AE17"/>
          <ticker value="NIPLIF"/>
          <other otherDesc="SEDOL" value="BYW8BJ5"/>
        </identifiers>
        <balance>364000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>356142.0400000000</valUSD>
        <pctVal>0.4868147056</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2046-01-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.700000000000000</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>PNC Financial Services Group Inc/The</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The (pfd) 5.00% 05/01/2173 Perpetual</title>
        <cusip>693475AQ8</cusip>
        <identifiers>
          <isin value="US693475AQ81"/>
          <ticker value="PNC"/>
          <other otherDesc="SEDOL" value="BDZTV98"/>
        </identifiers>
        <balance>367000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>355726.6400000000</valUSD>
        <pctVal>0.4862468905</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>PNC Financial Services Group Inc/The</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The (pfd) 6.00% 08/15/2172 Perpetual</title>
        <cusip>693475BD6</cusip>
        <identifiers>
          <isin value="US693475BD69"/>
          <ticker value="PNC"/>
          <other otherDesc="SEDOL" value="BMF2521"/>
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        <balance>174000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>169764.7500000000</valUSD>
        <pctVal>0.2320534155</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>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>469000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>461983.9900000000</valUSD>
        <pctVal>0.6314913008</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>PNC Financial Services Group Inc/The</name>
        <lei>CFGNEKW0P8842LEUIA51</lei>
        <title>PNC Financial Services Group Inc/The (pfd) 6.25% 06/15/2172 Perpetual</title>
        <cusip>693475BP9</cusip>
        <identifiers>
          <isin value="US693475BP99"/>
          <ticker value="PNC"/>
          <other otherDesc="SEDOL" value="BN30MP6"/>
        </identifiers>
        <balance>368000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>352113.8800000000</valUSD>
        <pctVal>0.4813085668</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>PartnerRe Finance B LLC</name>
        <lei>549300O0FAGHK2F79881</lei>
        <title>PartnerRe Finance B LLC 4.50 10/01/2050</title>
        <cusip>70213BAC5</cusip>
        <identifiers>
          <isin value="US70213BAC54"/>
          <ticker value="PRE"/>
          <other otherDesc="SEDOL" value="BMY5736"/>
        </identifiers>
        <balance>189000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>171764.4300000000</valUSD>
        <pctVal>0.2347868014</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-10-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2024-07-23</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>
  <documents>XXXX</documents>
</edgarSubmission>
