<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001710607</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000070041</seriesId>
        <classId>C000222949</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>American Century ETF Trust</regName>
      <regFileNumber>811-23305</regFileNumber>
      <regCik>0001710607</regCik>
      <regLei>5493006IKK34YJD98183</regLei>
      <regStreet1>4500 Main St</regStreet1>
      <regCity>Kansas City</regCity>
      <regStateConditional regCountry="US" regState="US-MO"/>
      <regZipOrPostalCode>64111</regZipOrPostalCode>
      <regPhone>816-531-5575</regPhone>
      <seriesName>American Century Quality Preferred ETF</seriesName>
      <seriesId>S000070041</seriesId>
      <seriesLei>549300BYIWEVK2FM3C85</seriesLei>
      <repPdEnd>2024-08-31</repPdEnd>
      <repPdDate>2024-08-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>90023473.860000000000</totAssets>
      <totLiabs>9751085.220000000000</totLiabs>
      <netAssets>80272388.640000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>0.000000000000</cshNotRptdInCorD>
      <borrowers>
        <borrower aggrVal="2100722.770000000000" lei="ZBUT11V806EZRVTWT807" name="JP MORGAN SECURITIES LLC"/>
        <borrower aggrVal="10138.500000000000" lei="RCNB6OTYUAMMP879YW96" name="BNP PARIBAS SECURITIES CORPORATION"/>
        <borrower aggrVal="117162.300000000000" lei="549300HN4UKV1E2R3U73" name="BOFA SECURITIES, INC."/>
        <borrower aggrVal="154169.000000000000" lei="549300CSX55MXZ47EI78" name="WEDBUSH SECURITIES, INC."/>
        <borrower aggrVal="2572212.720000000000" lei="BFM8T61CT2L1QCEMIK50" name="UBS AG"/>
        <borrower aggrVal="1020765.670000000000" lei="VYVVCKR63DVZZN70PB21" name="WELLS FARGO SECURITIES, LLC"/>
        <borrower aggrVal="711818.820000000000" lei="549300QQRY1JCFQHYS08" name="JANNEY MONTGOMERY SCOTT LLC"/>
        <borrower aggrVal="3359499.370000000000" lei="N/A" name="CHARLES SCHWAB &amp; .CO., INC."/>
        <borrower aggrVal="281309.580000000000" lei="KB1H1DSPRFMYMCUFXT09" name="WELLS FARGO BANK NATIONAL ASSOCIATION"/>
        <borrower aggrVal="756945.280000000000" lei="549300KUN9K9K32C6D97" name="BNP PARIBAS PRIME BROKERAGE INTERNATIONAL LIMITED"/>
      </borrowers>
      <aggregateCondition isNonCashCollateral="Y">
        <aggregateInfos>
          <aggregateInfo amt="1732422.70" collatrl="1716102.51">
            <invstCat>UST</invstCat>
          </aggregateInfo>
        </aggregateInfos>
      </aggregateCondition>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000222949" rtn1="0.329036242874" rtn2="0.546448091794" rtn3="2.670334185295"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="-89838.0300" netUnrealizedAppr="-121647.1300"/>
        <othMon2 netRealizedGain="48174.9200" netUnrealizedAppr="118347.0200"/>
        <othMon3 netRealizedGain="4237.6500" netUnrealizedAppr="1580595.6300"/>
      </returnInfo>
      <mon1Flow redemption="0.0000" reinvestment="0.0000" sales="3270243.0000"/>
      <mon2Flow redemption="0.0000" reinvestment="0.0000" sales="1632547.5000"/>
      <mon3Flow redemption="0.0000" reinvestment="0.0000" sales="539118.0000"/>



    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>AT&amp;T Inc</name>
        <lei>549300Z40J86GGSTL398</lei>
        <title>AT&amp;T Inc (pfd) 4.75% Series C</title>
        <cusip>00206R706</cusip>
        <identifiers>
          <isin value="US00206R7061"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BLL1ZY7"/>
        </identifiers>
        <balance>44744.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>929332.8800000000</valUSD>
        <pctVal>1.1577242135</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="216008.000000000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>25463.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>669167.6400000000</valUSD>
        <pctVal>0.8336211882</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="194472.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.73% Series E</title>
        <cusip>060505815</cusip>
        <identifiers>
          <isin value="US0605058157"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="B1GH4Y3"/>
        </identifiers>
        <balance>8353.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>199135.5200000000</valUSD>
        <pctVal>0.2480747407</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="147808.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>W R Berkley Corp</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp (pfd) 5.70%</title>
        <cusip>084423706</cusip>
        <identifiers>
          <isin value="US0844237067"/>
          <ticker value="WRB"/>
          <other otherDesc="SEDOL" value="BFMXK34"/>
        </identifiers>
        <balance>10453.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>259547.9900000000</valUSD>
        <pctVal>0.3233340809</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="121667.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp (pfd) 5.88%</title>
        <cusip>125896845</cusip>
        <identifiers>
          <isin value="US1258968452"/>
          <ticker value="CMS"/>
          <other otherDesc="SEDOL" value="BJJP666"/>
        </identifiers>
        <balance>22481.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>554381.4600000000</valUSD>
        <pctVal>0.6906253438</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="224514.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp (pfd) 4.38% Series L</title>
        <cusip>14040H758</cusip>
        <identifiers>
          <isin value="US14040H7585"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BMX47S9"/>
        </identifiers>
        <balance>26789.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>505508.4300000000</valUSD>
        <pctVal>0.6297413576</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="56610.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Citizens Financial Group Inc</name>
        <lei>2138004JDDA4ZQUPFW65</lei>
        <title>Citizens Financial Group Inc (pfd) 5.00% Series E</title>
        <cusip>174610402</cusip>
        <identifiers>
          <isin value="US1746104025"/>
          <ticker value="CFG"/>
          <other otherDesc="SEDOL" value="BK229B7"/>
        </identifiers>
        <balance>13467.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>288732.4800000000</valUSD>
        <pctVal>0.3596909035</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="2144.000000000000"/>
        </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>195000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>194501.3100000000</valUSD>
        <pctVal>0.2423016348</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="141359.580000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equitable Holdings Inc</name>
        <lei>549300FIBAKMNHPZ4009</lei>
        <title>Equitable Holdings Inc (pfd) 5.25% Series A</title>
        <cusip>29452E200</cusip>
        <identifiers>
          <isin value="US29452E2000"/>
          <ticker value="EQH"/>
          <other otherDesc="SEDOL" value="BKRMRC9"/>
        </identifiers>
        <balance>46528.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1071074.5600000000</valUSD>
        <pctVal>1.3343000976</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="744512.840000000000"/>
        </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>23914.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>473497.2000000000</valUSD>
        <pctVal>0.5898630999</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="124740.000000000000"/>
        </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>17613.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>449131.5000000000</valUSD>
        <pctVal>0.5595093252</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="147900.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Huntington Bancshares Inc/OH</name>
        <lei>549300XTVCVV9I7B5T19</lei>
        <title>Huntington Bancshares Inc/OH (pfd) 6.88% Series J</title>
        <cusip>446150773</cusip>
        <identifiers>
          <isin value="US4461507737"/>
          <ticker value="HBAN"/>
          <other otherDesc="SEDOL" value="BQMS207"/>
        </identifiers>
        <balance>11593.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>293882.5500000000</valUSD>
        <pctVal>0.3661066464</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="220392.900000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Jackson Financial Inc</name>
        <lei>213800WXW2KG1N4CO374</lei>
        <title>Jackson Financial Inc (pfd) 8.00%</title>
        <cusip>46817M206</cusip>
        <identifiers>
          <isin value="US46817M2061"/>
          <ticker value="JXN"/>
          <other otherDesc="SEDOL" value="BMW6VL7"/>
        </identifiers>
        <balance>17903.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>472639.2000000000</valUSD>
        <pctVal>0.5887942392</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="216480.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 4.20% Series MM</title>
        <cusip>48128B523</cusip>
        <identifiers>
          <isin value="US48128B5232"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BN75VC7"/>
        </identifiers>
        <balance>32713.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>663419.6400000000</valUSD>
        <pctVal>0.8264605691</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="419796.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 4.63% Series LL</title>
        <cusip>48128B549</cusip>
        <identifiers>
          <isin value="US48128B5497"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BND7XB0"/>
        </identifiers>
        <balance>21602.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>478052.2600000000</valUSD>
        <pctVal>0.5955376040</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="358528.130000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 4.55% Series JJ</title>
        <cusip>48128B580</cusip>
        <identifiers>
          <isin value="US48128B5802"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BM8TGF9"/>
        </identifiers>
        <balance>21573.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>464466.6900000000</valUSD>
        <pctVal>0.5786132665</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="40907.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc (pfd) 6.60% Series A</title>
        <cusip>59156R504</cusip>
        <identifiers>
          <isin value="US59156R5046"/>
          <ticker value="MET"/>
          <other otherDesc="SEDOL" value="B0B87W3"/>
        </identifiers>
        <balance>30679.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>738136.7400000000</valUSD>
        <pctVal>0.9195400218</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="108270.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc (pfd) 5.63% Series E</title>
        <cusip>59156R876</cusip>
        <identifiers>
          <isin value="US59156R8768"/>
          <ticker value="MET"/>
          <other otherDesc="SEDOL" value="BG43LW5"/>
        </identifiers>
        <balance>21537.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>531102.4200000000</valUSD>
        <pctVal>0.6616252849</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="384696.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.26% Series A</title>
        <cusip>61747S504</cusip>
        <identifiers>
          <isin value="US61747S5047"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="B1802M4"/>
        </identifiers>
        <balance>55863.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1240717.2300000000</valUSD>
        <pctVal>1.5456338736</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="930532.370000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley</name>
        <lei>IGJSJL3JD5P30I6NJZ34</lei>
        <title>Morgan Stanley (pfd) 6.38% Series I</title>
        <cusip>61761J406</cusip>
        <identifiers>
          <isin value="US61761J4067"/>
          <ticker value="MS"/>
          <other otherDesc="SEDOL" value="BQT2G00"/>
        </identifiers>
        <balance>14460.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>363524.4000000000</valUSD>
        <pctVal>0.4528635639</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="272643.300000000000"/>
        </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"/>
        </identifiers>
        <balance>29385.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>728160.3000000000</valUSD>
        <pctVal>0.9071117882</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="546101.640000000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>24612.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>479934.0000000000</valUSD>
        <pctVal>0.5978817974</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="359950.500000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NextEra Energy Inc</name>
        <lei>254900RHL9MEUS5NKX63</lei>
        <title>NextEra Energy Inc (conv) 7.30% 06-01-2027</title>
        <cusip>65339F663</cusip>
        <identifiers>
          <isin value="US65339F6631"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BPBP9W3"/>
        </identifiers>
        <balance>9885.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>532850.9300000000</valUSD>
        <pctVal>0.6638035058</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="392370.090000000000"/>
        </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>43287.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1997911.4900000000</valUSD>
        <pctVal>2.4889149605</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="1477049.140000000000"/>
        </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>14195.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>350758.4500000000</valUSD>
        <pctVal>0.4369602748</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="2471.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Public Storage/new</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 4.10% Series S</title>
        <cusip>74460W396</cusip>
        <identifiers>
          <isin value="US74460W3960"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BMX8DR2"/>
        </identifiers>
        <balance>15423.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294887.7600000000</valUSD>
        <pctVal>0.3673588951</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="43976.000000000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>30698.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>572210.7200000000</valUSD>
        <pctVal>0.7128362936</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="14912.000000000000"/>
        </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"/>
        </identifiers>
        <balance>30742.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>577949.6000000000</valUSD>
        <pctVal>0.7199855514</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="16920.000000000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>17435.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>312958.2500000000</valUSD>
        <pctVal>0.3898703593</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="10770.000000000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>10985.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>249908.7500000000</valUSD>
        <pctVal>0.3113259170</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="11375.000000000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>14366.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>358288.0400000000</valUSD>
        <pctVal>0.4463403246</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="94772.000000000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>14019.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>339960.7500000000</valUSD>
        <pctVal>0.4235089497</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="133375.000000000000"/>
        </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"/>
        </identifiers>
        <balance>20494.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>506816.6200000000</valUSD>
        <pctVal>0.6313710462</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="42041.000000000000"/>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>38283.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>961286.1300000000</valUSD>
        <pctVal>1.1975302421</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="681936.640000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charles Schwab Corp/The</name>
        <lei>549300VSGCJ7E698NM85</lei>
        <title>Charles Schwab Corp/The (pfd) 4.45% Series J</title>
        <cusip>808513865</cusip>
        <identifiers>
          <isin value="US8085138654"/>
          <ticker value="SCHW"/>
          <other otherDesc="SEDOL" value="BMW32F9"/>
        </identifiers>
        <balance>21077.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>449993.9500000000</valUSD>
        <pctVal>0.5605837295</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="337479.450000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Southern Co/The</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The (pfd) 4.20% Series C</title>
        <cusip>842587883</cusip>
        <identifiers>
          <isin value="US8425878837"/>
          <ticker value="SO"/>
          <other otherDesc="SEDOL" value="BMGS0L2"/>
        </identifiers>
        <balance>107801.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2250884.8800000000</valUSD>
        <pctVal>2.8040586784</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="582552.000000000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>25477.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>630555.7500000000</valUSD>
        <pctVal>0.7855201031</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="153450.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tennessee Valley Authority</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>Tennessee Valley Authority (pfd) 2.22% Series A</title>
        <cusip>880591409</cusip>
        <identifiers>
          <isin value="US8805914095"/>
          <ticker value="TVA"/>
          <other otherDesc="SEDOL" value="2520249"/>
        </identifiers>
        <balance>13197.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>296536.5900000000</valUSD>
        <pctVal>0.3694129389</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="15729.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>US Bancorp</name>
        <lei>N1GZ7BBF3NP8GI976H15</lei>
        <title>US Bancorp (pfd) 6.16% Series B*</title>
        <cusip>902973155</cusip>
        <identifiers>
          <isin value="US9029731554"/>
          <ticker value="USB"/>
          <other otherDesc="SEDOL" value="B125QN4"/>
        </identifiers>
        <balance>50420.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1089576.2000000000</valUSD>
        <pctVal>1.3573486705</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="818057.150000000000"/>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>30356.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>632619.0400000000</valUSD>
        <pctVal>0.7880904639</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="247308.280000000000"/>
        </securityLending>
      </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>
        <identifiers>
          <isin value="US94988U6560"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BYQHXS1"/>
        </identifiers>
        <balance>26101.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>623030.8700000000</valUSD>
        <pctVal>0.7761459209</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="26257.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brookfield Infrastructure Partners LP</name>
        <lei>549300WEH5R2OODI7Y90</lei>
        <title>Brookfield Infrastructure Partners LP (pfd) 5.13% Series 13</title>
        <cusip>G16252267</cusip>
        <identifiers>
          <isin value="USG162522670"/>
          <ticker value="BIP"/>
          <other otherDesc="SEDOL" value="BL55WZ5"/>
        </identifiers>
        <balance>20739.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>396114.9000000000</valUSD>
        <pctVal>0.4934634520</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="1910.000000000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Navigator Securities Lending Trust - State Street Navigator Securities Lending Government Money Market Portfolio</name>
        <lei>5493008BJIBKQ5KTIF74</lei>
        <title>State Street Navigator Securities Lending Government Money Market Portfolio</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="Series ID" value="S000009767"/>
        </identifiers>
        <balance>9728245.5000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9728245.5000000000</valUSD>
        <pctVal>12.1190432536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="9728245.500000000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>13024.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>323646.4000000000</valUSD>
        <pctVal>0.4031852116</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>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"/>
        </identifiers>
        <balance>27721.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>612911.3100000000</valUSD>
        <pctVal>0.7635393943</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>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"/>
        </identifiers>
        <balance>17122.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>318469.2000000000</valUSD>
        <pctVal>0.3967356714</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>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"/>
        </identifiers>
        <balance>10643.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>532043.5700000000</valUSD>
        <pctVal>0.6627977303</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>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"/>
        </identifiers>
        <balance>3654.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>276425.1000000000</valUSD>
        <pctVal>0.3443588819</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>Federal Realty Investment Trust</name>
        <lei>549300LI6XZ51GOCJ427</lei>
        <title>Federal Realty Investment Trust (pfd) 5.00% Series C</title>
        <cusip>313745200</cusip>
        <identifiers>
          <isin value="US3137452005"/>
          <ticker value="FRT"/>
          <other otherDesc="SEDOL" value="BN7PD98"/>
        </identifiers>
        <balance>6492.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>142434.4800000000</valUSD>
        <pctVal>0.1774389456</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) 9.30% Series I</title>
        <cusip>316773605</cusip>
        <identifiers>
          <isin value="US3167736053"/>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL" value="BH58353"/>
        </identifiers>
        <balance>23602.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>605155.2800000000</valUSD>
        <pctVal>0.7538772550</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) 4.95% Series K</title>
        <cusip>316773860</cusip>
        <identifiers>
          <isin value="US3167738604"/>
          <ticker value="FITB"/>
          <other otherDesc="SEDOL" value="BKKBGL5"/>
        </identifiers>
        <balance>14970.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>315867.0000000000</valUSD>
        <pctVal>0.3934939589</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>ACE Capital Trust II</name>
        <lei>N/A</lei>
        <title>ACE Capital Trust II 9.70 04/01/2030</title>
        <cusip>00440FAA2</cusip>
        <identifiers>
          <isin value="US00440FAA21"/>
          <ticker value="CB"/>
          <other otherDesc="SEDOL" value="2582294"/>
        </identifiers>
        <balance>163000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197919.1900000000</valUSD>
        <pctVal>0.2465594875</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.700000000000001</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>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>16281.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>410118.3900000000</valUSD>
        <pctVal>0.5109084169</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"/>
        </identifiers>
        <balance>13415.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>330009.0000000000</valUSD>
        <pctVal>0.4111114738</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>Sumitomo Life Insurance Co</name>
        <lei>549300I5OQCDADQSPI57</lei>
        <title>Sumitomo Life Insurance Co 3.38 04/15/2081</title>
        <cusip>86564CAC4</cusip>
        <identifiers>
          <isin value="US86564CAC47"/>
          <ticker value="SUMILF"/>
          <other otherDesc="SEDOL" value="BN4R7F1"/>
        </identifiers>
        <balance>222000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197746.5700000000</valUSD>
        <pctVal>0.2463444446</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-04-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.375000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Transcanada Trust</name>
        <lei>549300Y0MFCAXLBWUV51</lei>
        <title>Transcanada Trust 5.30 03/15/2077</title>
        <cusip>89356BAC2</cusip>
        <identifiers>
          <isin value="US89356BAC28"/>
          <ticker value="TRPCN"/>
          <other otherDesc="SEDOL" value="BDZV3W1"/>
        </identifiers>
        <balance>411000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395375.4700000000</valUSD>
        <pctVal>0.4925423009</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-03-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.300000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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"/>
        </identifiers>
        <balance>420000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>395523.8700000000</valUSD>
        <pctVal>0.4927271714</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Truist Financial Corp</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp (pfd) 5.13% 06/15/2173 Perpetual</title>
        <cusip>89832QAC3</cusip>
        <identifiers>
          <isin value="US89832QAC33"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BKP9CW7"/>
        </identifiers>
        <balance>213000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>205944.5700000000</valUSD>
        <pctVal>0.2565571718</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>Aegon Ltd</name>
        <lei>O4QK7KMMK83ITNTHUG69</lei>
        <title>Aegon Ltd 5.50 04/11/2048</title>
        <cusip>007924AJ2</cusip>
        <identifiers>
          <isin value="US007924AJ23"/>
          <ticker value="AEGON"/>
          <other otherDesc="SEDOL" value="BFBFTW3"/>
        </identifiers>
        <balance>199000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197062.1800000000</valUSD>
        <pctVal>0.2454918601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-11</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>Allstate Corp/The</name>
        <lei>OBT0W1ED8G0NWVOLOJ77</lei>
        <title>Allstate Corp/The 6.50 05/15/2067</title>
        <cusip>020002AU5</cusip>
        <identifiers>
          <isin value="US020002AU59"/>
          <ticker value="ALL"/>
          <other otherDesc="SEDOL" value="B1XBFQ7"/>
        </identifiers>
        <balance>1272000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1323439.6800000000</valUSD>
        <pctVal>1.6486860581</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-05-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>American Electric Power Co Inc</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc 3.88 02/15/2062</title>
        <cusip>025537AU5</cusip>
        <identifiers>
          <isin value="US025537AU52"/>
          <ticker value="AEP"/>
          <other otherDesc="SEDOL" value="BNM6HZ0"/>
        </identifiers>
        <balance>210000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>195776.0700000000</valUSD>
        <pctVal>0.2438896778</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2062-02-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.875000000000000</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>American Electric Power Co Inc</name>
        <lei>1B4S6S7G0TW5EE83BO58</lei>
        <title>American Electric Power Co Inc 6.95 12/15/2054</title>
        <cusip>025537BA8</cusip>
        <identifiers>
          <isin value="US025537BA89"/>
          <ticker value="AEP"/>
          <other otherDesc="SEDOL" value="BSY2LX7"/>
        </identifiers>
        <balance>194000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202778.0800000000</valUSD>
        <pctVal>0.2526124903</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-12-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>6.950000000000000</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>American Express Co</name>
        <lei>R4PP93JZOLY261QX3811</lei>
        <title>American Express Co (pfd) 3.55% 09/15/2172 Perpetual</title>
        <cusip>025816CH0</cusip>
        <identifiers>
          <isin value="US025816CH00"/>
          <ticker value="AXP"/>
          <other otherDesc="SEDOL" value="BNHQ2Q1"/>
        </identifiers>
        <balance>709000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>665417.6300000000</valUSD>
        <pctVal>0.8289495819</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>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>
        <identifiers>
          <isin value="US04018VAA17"/>
          <ticker value="ARES"/>
          <other otherDesc="SEDOL" value="BMB4T18"/>
        </identifiers>
        <balance>204000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192396.8900000000</valUSD>
        <pctVal>0.2396800360</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-06-30</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.125000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.88% 09/15/2172 Perpetual</title>
        <cusip>060505FL3</cusip>
        <identifiers>
          <isin value="US060505FL38"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BF28VZ8"/>
        </identifiers>
        <balance>975000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>969458.7900000000</valUSD>
        <pctVal>1.2077114017</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.13% 07/27/2173 Perpetual</title>
        <cusip>06055HAB9</cusip>
        <identifiers>
          <isin value="US06055HAB96"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BPNXQ46"/>
        </identifiers>
        <balance>616000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>623729.5700000000</valUSD>
        <pctVal>0.7770163322</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>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>205772.8000000000</valUSD>
        <pctVal>0.2563431878</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>
        </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 4.80 12/01/2077</title>
        <cusip>65339KAV2</cusip>
        <identifiers>
          <isin value="US65339KAV26"/>
          <ticker value="NEE"/>
          <other otherDesc="SEDOL" value="BF3BKY8"/>
        </identifiers>
        <balance>209000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194800.3300000000</valUSD>
        <pctVal>0.2426741415</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>207000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192899.5900000000</valUSD>
        <pctVal>0.2403062787</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>
        </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>394000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>392520.1000000000</valUSD>
        <pctVal>0.4889851998</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>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>37593.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>939825.0000000000</valUSD>
        <pctVal>1.1707948598</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>EPR Properties</name>
        <lei>549300YSSXFHMPOWZ492</lei>
        <title>EPR Properties (pfd) 5.75% Series G</title>
        <cusip>26884U505</cusip>
        <identifiers>
          <isin value="US26884U5056"/>
          <ticker value="EPR"/>
          <other otherDesc="SEDOL" value="BF0WJH0"/>
        </identifiers>
        <balance>12130.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>279111.3000000000</valUSD>
        <pctVal>0.3477052380</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enstar Group Ltd</name>
        <lei>213800AMAL5QFXVUCN04</lei>
        <title>Enstar Group Ltd (pfd) 7.00% Series D</title>
        <cusip>29359U109</cusip>
        <identifiers>
          <isin value="US29359U1097"/>
          <ticker value="ESGR"/>
          <other otherDesc="SEDOL" value="BFXXB52"/>
        </identifiers>
        <balance>20463.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>418263.7200000000</valUSD>
        <pctVal>0.5210555299</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>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>17521.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>453793.9000000000</valUSD>
        <pctVal>0.5653175490</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Citizens BancShares Inc/NC</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>First Citizens BancShares Inc/NC (pfd) 5.63% Series C</title>
        <cusip>31959X202</cusip>
        <identifiers>
          <isin value="US31959X2027"/>
          <ticker value="FCNCA"/>
          <other otherDesc="SEDOL" value="BMQ7J12"/>
        </identifiers>
        <balance>9091.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>209456.6400000000</valUSD>
        <pctVal>0.2609323624</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Co</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co (pfd) 6.00%</title>
        <cusip>345370837</cusip>
        <identifiers>
          <isin value="US3453708378"/>
          <ticker value="F"/>
          <other otherDesc="SEDOL" value="BJP1KW2"/>
        </identifiers>
        <balance>25653.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>642351.1200000000</valUSD>
        <pctVal>0.8002142840</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ford Motor Co</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co (pfd) 6.20%</title>
        <cusip>345370845</cusip>
        <identifiers>
          <isin value="US3453708451"/>
          <ticker value="F"/>
          <other otherDesc="SEDOL" value="BJ029D4"/>
        </identifiers>
        <balance>16710.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>420757.8000000000</valUSD>
        <pctVal>0.5241625509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Globe Life Inc</name>
        <lei>5493001JFHKQOPP6XA71</lei>
        <title>Globe Life Inc (pfd) 4.25%</title>
        <cusip>37959E300</cusip>
        <identifiers>
          <isin value="US37959E3009"/>
          <ticker value="GL"/>
          <other otherDesc="SEDOL" value="BKP8TS9"/>
        </identifiers>
        <balance>15178.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>258633.1200000000</valUSD>
        <pctVal>0.3221943739</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Goldman Sachs Group Inc/The</name>
        <lei>784F5XWPLTWKTBV3E584</lei>
        <title>Goldman Sachs Group Inc/The (pfd) 6.11% Series A</title>
        <cusip>38143Y665</cusip>
        <identifiers>
          <isin value="US38143Y6656"/>
          <ticker value="GS"/>
          <other otherDesc="SEDOL" value="B07GC93"/>
        </identifiers>
        <balance>33400.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>765862.0000000000</valUSD>
        <pctVal>0.9540789965</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>Hartford Financial Services Group Inc/The</name>
        <lei>IU7C3FTM7Y3BQM112U94</lei>
        <title>Hartford Financial Services Group Inc/The (pfd) 6.00% Series G</title>
        <cusip>416518603</cusip>
        <identifiers>
          <isin value="US4165186036"/>
          <ticker value="HIG"/>
          <other otherDesc="SEDOL" value="BF5J7D8"/>
        </identifiers>
        <balance>17761.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>442426.5100000000</valUSD>
        <pctVal>0.5511565278</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>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 4.75% Series GG</title>
        <cusip>48128B622</cusip>
        <identifiers>
          <isin value="US48128B6222"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BK57WX2"/>
        </identifiers>
        <balance>29639.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>674287.2500000000</valUSD>
        <pctVal>0.8399989852</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>JPMorgan Chase &amp; Co</name>
        <lei>8I5DZWZKVSZI1NUHU748</lei>
        <title>JPMorgan Chase &amp; Co (pfd) 5.75% Series DD</title>
        <cusip>48128B655</cusip>
        <identifiers>
          <isin value="US48128B6552"/>
          <ticker value="JPM"/>
          <other otherDesc="SEDOL" value="BFY34D0"/>
        </identifiers>
        <balance>67504.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1685574.8800000000</valUSD>
        <pctVal>2.0998190144</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kimco Realty Corp</name>
        <lei>549300EA7I6T15IBYS12</lei>
        <title>Kimco Realty Corp (pfd) 5.25% Series M</title>
        <cusip>49446R711</cusip>
        <identifiers>
          <isin value="US49446R7118"/>
          <ticker value="KIM"/>
          <other otherDesc="SEDOL" value="BD0RST6"/>
        </identifiers>
        <balance>15161.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>346732.0700000000</valUSD>
        <pctVal>0.4319443782</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>M&amp;T Bank Corp</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp (pfd) 7.50% Series J</title>
        <cusip>55261F864</cusip>
        <identifiers>
          <isin value="US55261F8648"/>
          <ticker value="MTB"/>
          <other otherDesc="SEDOL" value="BS55Z77"/>
        </identifiers>
        <balance>39160.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1060844.4000000000</valUSD>
        <pctVal>1.3215557902</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>M&amp;T Bank Corp</name>
        <lei>549300WYXDDBYRASEG81</lei>
        <title>M&amp;T Bank Corp (pfd) 5.63% Series H</title>
        <cusip>55261F872</cusip>
        <identifiers>
          <isin value="US55261F8721"/>
          <ticker value="MTB"/>
          <other otherDesc="SEDOL" value="BPQT641"/>
        </identifiers>
        <balance>8256.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>209041.9200000000</valUSD>
        <pctVal>0.2604157214</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MFA Financial Inc</name>
        <lei>YW72IMH2RRC8Z1TGLG58</lei>
        <title>MFA Financial Inc (pfd) 6.50% Series C</title>
        <cusip>55272X508</cusip>
        <identifiers>
          <isin value="US55272X5086"/>
          <ticker value="MFA"/>
          <other otherDesc="SEDOL" value="BLHGG32"/>
        </identifiers>
        <balance>11337.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>264945.6900000000</valUSD>
        <pctVal>0.3300583108</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"/>
        </identifiers>
        <balance>14294.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>367784.6200000000</valUSD>
        <pctVal>0.4581707686</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>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"/>
        </identifiers>
        <balance>13285.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>303960.8000000000</valUSD>
        <pctVal>0.3786617106</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>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>17527.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>405574.7800000000</valUSD>
        <pctVal>0.5052481767</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>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"/>
        </identifiers>
        <balance>17904.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>401944.8000000000</valUSD>
        <pctVal>0.5007260987</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>Public Storage/new</name>
        <lei>549300LMZF40TKJ6DM64</lei>
        <title>Public Storage (pfd) 3.90% Series O</title>
        <cusip>74460W487</cusip>
        <identifiers>
          <isin value="US74460W4877"/>
          <ticker value="PSA"/>
          <other otherDesc="SEDOL" value="BMW9C79"/>
        </identifiers>
        <balance>14596.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>261414.3600000000</valUSD>
        <pctVal>0.3256591269</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>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"/>
        </identifiers>
        <balance>11918.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>301644.5800000000</valUSD>
        <pctVal>0.3757762602</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"/>
        </identifiers>
        <balance>25812.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>613809.3600000000</valUSD>
        <pctVal>0.7646581476</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>15495.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>385980.4500000000</valUSD>
        <pctVal>0.4808383761</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>16049.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>387422.8600000000</valUSD>
        <pctVal>0.4826352704</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>59298.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1420187.1000000000</valUSD>
        <pctVal>1.7692099663</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) 5.00% Series A</title>
        <cusip>00206R508</cusip>
        <identifiers>
          <isin value="US00206R5081"/>
          <ticker value="T"/>
          <other otherDesc="SEDOL" value="BKPK060"/>
        </identifiers>
        <balance>35124.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>767810.6400000000</valUSD>
        <pctVal>0.9565065311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Affiliated Managers Group Inc</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group Inc (pfd) 4.20%</title>
        <cusip>008252835</cusip>
        <identifiers>
          <isin value="US0082528359"/>
          <ticker value="AMG"/>
          <other otherDesc="SEDOL" value="BL972M4"/>
        </identifiers>
        <balance>16025.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277713.2500000000</valUSD>
        <pctVal>0.3459636055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Affiliated Managers Group Inc</name>
        <lei>2JE75BUE3T1BLCYYGK54</lei>
        <title>Affiliated Managers Group Inc (pfd) 4.75%</title>
        <cusip>008252843</cusip>
        <identifiers>
          <isin value="US0082528433"/>
          <ticker value="AMG"/>
          <other otherDesc="SEDOL" value="BN0VM18"/>
        </identifiers>
        <balance>15964.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>312734.7600000000</valUSD>
        <pctVal>0.3895919448</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>53815.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1274877.3500000000</valUSD>
        <pctVal>1.5881891290</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>14093.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>282987.4400000000</valUSD>
        <pctVal>0.3525339719</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>11733.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>277720.1100000000</valUSD>
        <pctVal>0.3459721515</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>13330.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291527.1000000000</valUSD>
        <pctVal>0.3631723248</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>30370.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1937606.0000000000</valUSD>
        <pctVal>2.4137888916</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"/>
        </identifiers>
        <balance>17872.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>414630.4000000000</valUSD>
        <pctVal>0.5165292911</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>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"/>
        </identifiers>
        <balance>25574.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>516339.0600000000</valUSD>
        <pctVal>0.6432337056</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>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"/>
        </identifiers>
        <balance>14649.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321545.5500000000</valUSD>
        <pctVal>0.4005680601</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>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"/>
        </identifiers>
        <balance>33696.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>646963.2000000000</valUSD>
        <pctVal>0.8059598213</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.45% Series K*</title>
        <cusip>060505179</cusip>
        <identifiers>
          <isin value="US0605051798"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BF2PL60"/>
        </identifiers>
        <balance>9949.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>256783.6900000000</valUSD>
        <pctVal>0.3198904310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.88% Series HH</title>
        <cusip>060505195</cusip>
        <identifiers>
          <isin value="US0605051954"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BYVQZ09"/>
        </identifiers>
        <balance>15678.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>391636.4400000000</valUSD>
        <pctVal>0.4878843730</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 6.00% Series GG</title>
        <cusip>060505229</cusip>
        <identifiers>
          <isin value="US0605052291"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="BFZNM46"/>
        </identifiers>
        <balance>29496.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>743004.2400000000</valUSD>
        <pctVal>0.9256037507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.89% Series 5</title>
        <cusip>060505583</cusip>
        <identifiers>
          <isin value="US0605055831"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="B1VN1F6"/>
        </identifiers>
        <balance>13156.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>297325.6000000000</valUSD>
        <pctVal>0.3703958547</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank of America Corp</name>
        <lei>9DJT3UXIJIZJI4WXO774</lei>
        <title>Bank of America Corp (pfd) 5.97% Series 02</title>
        <cusip>060505625</cusip>
        <identifiers>
          <isin value="US0605056250"/>
          <ticker value="BAC"/>
          <other otherDesc="SEDOL" value="B06H0T3"/>
        </identifiers>
        <balance>17755.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>391497.7500000000</valUSD>
        <pctVal>0.4877115988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>W R Berkley Corp</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp (pfd) 5.10%</title>
        <cusip>084423805</cusip>
        <identifiers>
          <isin value="US0844238057"/>
          <ticker value="WRB"/>
          <other otherDesc="SEDOL" value="BJBK4B0"/>
        </identifiers>
        <balance>9805.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>221691.0500000000</valUSD>
        <pctVal>0.2761734810</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>W R Berkley Corp</name>
        <lei>SQOAGCLKBDWNVYV1OV80</lei>
        <title>W R Berkley Corp (pfd) 4.13%</title>
        <cusip>084423870</cusip>
        <identifiers>
          <isin value="US0844238701"/>
          <ticker value="WRB"/>
          <other otherDesc="SEDOL" value="BNKBJW8"/>
        </identifiers>
        <balance>15208.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>291233.2000000000</valUSD>
        <pctVal>0.3628061964</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>Brookfield Infrastructure Finance ULC</name>
        <lei>N/A</lei>
        <title>Brookfield Infrastructure Finance ULC (pfd) 5.00%</title>
        <cusip>11276B109</cusip>
        <identifiers>
          <isin value="US11276B1098"/>
          <ticker value="BIP"/>
          <other otherDesc="SEDOL" value="BNC42V5"/>
        </identifiers>
        <balance>17695.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>322402.9000000000</valUSD>
        <pctVal>0.4016361111</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brunswick Corp/DE</name>
        <lei>YM4O38W15AX4YLLQKU27</lei>
        <title>Brunswick Corp/DE (pfd) 6.63%</title>
        <cusip>117043505</cusip>
        <identifiers>
          <isin value="US1170435051"/>
          <ticker value="BC"/>
          <other otherDesc="SEDOL" value="BH42ZM7"/>
        </identifiers>
        <balance>11553.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>284781.4500000000</valUSD>
        <pctVal>0.3547688749</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHS Inc</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc (pfd) 7.10% Series 2</title>
        <cusip>12542R506</cusip>
        <identifiers>
          <isin value="US12542R5063"/>
          <ticker value="CHSINC"/>
          <other otherDesc="SEDOL" value="BKJ9QV0"/>
        </identifiers>
        <balance>14849.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>380282.8900000000</valUSD>
        <pctVal>0.4737405931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CHS Inc</name>
        <lei>XEIEFTLYDQ1MZ6TZV015</lei>
        <title>CHS Inc (pfd) 6.75% Series 3</title>
        <cusip>12542R704</cusip>
        <identifiers>
          <isin value="US12542R7044"/>
          <ticker value="CHSINC"/>
          <other otherDesc="SEDOL" value="BQS2V39"/>
        </identifiers>
        <balance>14637.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>371779.8000000000</valUSD>
        <pctVal>0.4631477975</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp (pfd) 5.88%</title>
        <cusip>125896852</cusip>
        <identifiers>
          <isin value="US1258968528"/>
          <ticker value="CMS"/>
          <other otherDesc="SEDOL" value="BFXBC20"/>
        </identifiers>
        <balance>15889.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>391346.0700000000</valUSD>
        <pctVal>0.4875226421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp (pfd) 4.25% Series N</title>
        <cusip>14040H733</cusip>
        <identifiers>
          <isin value="US14040H7338"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BMHJZD1"/>
        </identifiers>
        <balance>8846.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161793.3400000000</valUSD>
        <pctVal>0.2015554075</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp (pfd) 4.80% Series J</title>
        <cusip>14040H782</cusip>
        <identifiers>
          <isin value="US14040H7825"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BK9PWX2"/>
        </identifiers>
        <balance>64685.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1296287.4000000000</valUSD>
        <pctVal>1.6148608780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capital One Financial Corp</name>
        <lei>ZUE8T73ROZOF6FLBAR73</lei>
        <title>Capital One Financial Corp (pfd) 5.00% Series I</title>
        <cusip>14040H824</cusip>
        <identifiers>
          <isin value="US14040H8245"/>
          <ticker value="COF"/>
          <other otherDesc="SEDOL" value="BGMJPW3"/>
        </identifiers>
        <balance>56026.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1176546.0000000000</valUSD>
        <pctVal>1.4656920268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>State Street Institutional US Government Money Market Fund</name>
        <lei>549300BZ5TGIFZUZDZ37</lei>
        <title>State Street Institutional US Government Money Market Fund</title>
        <cusip>857492706</cusip>
        <identifiers>
          <isin value="US8574927062"/>
          <ticker value="GVMXX"/>
          <other otherDesc="SEDOL" value="B284MN4"/>
        </identifiers>
        <balance>521682.9800000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>521682.9800000000</valUSD>
        <pctVal>0.6498909386</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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"/>
        </identifiers>
        <balance>16767.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>401569.6500000000</valUSD>
        <pctVal>0.5002587525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sempra</name>
        <lei>PBBKGKLRK5S5C0Y4T545</lei>
        <title>Sempra (pfd) 5.75%</title>
        <cusip>816851604</cusip>
        <identifiers>
          <isin value="US8168516040"/>
          <ticker value="SRE"/>
          <other otherDesc="SEDOL" value="BK8LV34"/>
        </identifiers>
        <balance>14835.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>371171.7000000000</valUSD>
        <pctVal>0.4623902519</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Stifel Financial Corp</name>
        <lei>549300E5F07FE5GHJX84</lei>
        <title>Stifel Financial Corp (pfd) 5.20%</title>
        <cusip>860630607</cusip>
        <identifiers>
          <isin value="US8606306079"/>
          <ticker value="SF"/>
          <other otherDesc="SEDOL" value="BD9FPT0"/>
        </identifiers>
        <balance>13519.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>314181.5600000000</valUSD>
        <pctVal>0.3913943080</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>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"/>
        </identifiers>
        <balance>20330.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>523904.1000000000</valUSD>
        <pctVal>0.6526579175</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>Tennessee Valley Authority</name>
        <lei>549300HE1ISW43LNKM54</lei>
        <title>Tennessee Valley Authority (pfd) 2.13% Series D</title>
        <cusip>880591300</cusip>
        <identifiers>
          <isin value="US8805913006"/>
          <ticker value="TVA"/>
          <other otherDesc="SEDOL" value="2612674"/>
        </identifiers>
        <balance>12956.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>296951.5200000000</valUSD>
        <pctVal>0.3699298414</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>Truist Financial Corp</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp (pfd) 5.80% Series I</title>
        <cusip>89832Q810</cusip>
        <identifiers>
          <isin value="US89832Q8107"/>
          <ticker value="TFC"/>
          <other otherDesc="SEDOL" value="BKMF2F1"/>
        </identifiers>
        <balance>12357.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>292243.0500000000</valUSD>
        <pctVal>0.3640642255</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Cellular Corp</name>
        <lei>N/A</lei>
        <title>United States Cellular Corp (pfd) 6.25%</title>
        <cusip>911684702</cusip>
        <identifiers>
          <isin value="US9116847024"/>
          <ticker value="USM"/>
          <other otherDesc="SEDOL" value="BMGR6C2"/>
        </identifiers>
        <balance>26422.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>596872.9800000000</valUSD>
        <pctVal>0.7435595105</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United States Cellular Corp</name>
        <lei>N/A</lei>
        <title>United States Cellular Corp (pfd) 5.50%</title>
        <cusip>911684884</cusip>
        <identifiers>
          <isin value="US9116848840"/>
          <ticker value="USM"/>
          <other otherDesc="SEDOL" value="BNMBT60"/>
        </identifiers>
        <balance>25842.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>542682.0000000000</valUSD>
        <pctVal>0.6760506436</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>Vodafone Group PLC</name>
        <lei>213800TB53ELEUKM7Q61</lei>
        <title>Vodafone Group PLC 5.13 06/04/2081</title>
        <cusip>92857WBX7</cusip>
        <identifiers>
          <isin value="US92857WBX74"/>
          <ticker value="VOD"/>
          <other otherDesc="SEDOL" value="BN0WZL2"/>
        </identifiers>
        <balance>258000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>202882.5600000000</valUSD>
        <pctVal>0.2527426472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2081-06-04</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.125000000000000</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>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"/>
        </identifiers>
        <balance>2070.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2544273.1400000000</valUSD>
        <pctVal>3.1695495588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wells Fargo &amp; Co</name>
        <lei>PBLD0EJDB5FWOLXP3B76</lei>
        <title>Wells Fargo &amp; Co (pfd) 3.9% 06/15/2169 Perpetual</title>
        <cusip>949746TD3</cusip>
        <identifiers>
          <isin value="US949746TD35"/>
          <ticker value="WFC"/>
          <other otherDesc="SEDOL" value="BMDJ3N1"/>
        </identifiers>
        <balance>74000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>72015.1700000000</valUSD>
        <pctVal>0.0897135008</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>WESCO International Inc</name>
        <lei>529900TXOGREY3WNJ434</lei>
        <title>WESCO International Inc (pfd) 10.63% Series A</title>
        <cusip>95082P303</cusip>
        <identifiers>
          <isin value="US95082P3038"/>
          <ticker value="WCC"/>
          <other otherDesc="SEDOL" value="BLFBXS3"/>
        </identifiers>
        <balance>27553.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>721888.6000000000</valUSD>
        <pctVal>0.8992987654</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CMS Energy Corp</name>
        <lei>549300IA9XFBAGNIBW29</lei>
        <title>CMS Energy Corp 3.75 12/01/2050</title>
        <cusip>125896BV1</cusip>
        <identifiers>
          <isin value="US125896BV12"/>
          <ticker value="CMS"/>
          <other otherDesc="SEDOL" value="BMWB800"/>
        </identifiers>
        <balance>233000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>200065.7500000000</valUSD>
        <pctVal>0.2492335825</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-12-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.750000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corebridge Financial Inc</name>
        <lei>549300XY1661QCIA7J65</lei>
        <title>Corebridge Financial Inc 6.88 12/15/2052</title>
        <cusip>21871XAP4</cusip>
        <identifiers>
          <isin value="US21871XAP42"/>
          <ticker value="CRBG"/>
          <other otherDesc="SEDOL" value="BPYS2Z3"/>
        </identifiers>
        <balance>192000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>196265.6200000000</valUSD>
        <pctVal>0.2444995388</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <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) 5.50% 04/30/2173 Perpetual</title>
        <cusip>254709AN8</cusip>
        <identifiers>
          <isin value="US254709AN83"/>
          <ticker value="DFS"/>
          <other otherDesc="SEDOL" value="BFLVVG9"/>
        </identifiers>
        <balance>218000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>204288.9000000000</valUSD>
        <pctVal>0.2544946070</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"/>
        </identifiers>
        <balance>825000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>792563.4800000000</valUSD>
        <pctVal>0.9873425887</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>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"/>
        </identifiers>
        <balance>216000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>194410.4300000000</valUSD>
        <pctVal>0.2421884203</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>Enbridge Inc</name>
        <lei>98TPTUM4IVMFCZBCUR27</lei>
        <title>Enbridge Inc 5.50 07/15/2077</title>
        <cusip>29250NAS4</cusip>
        <identifiers>
          <isin value="US29250NAS45"/>
          <ticker value="ENBCN"/>
          <other otherDesc="SEDOL" value="BF7GX73"/>
        </identifiers>
        <balance>315000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>304083.0800000000</valUSD>
        <pctVal>0.3788140420</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2077-07-15</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.500000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <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"/>
        </identifiers>
        <balance>404000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>396177.8300000000</valUSD>
        <pctVal>0.4935418476</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>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </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"/>
        </identifiers>
        <balance>387000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>392122.7200000000</valUSD>
        <pctVal>0.4884901604</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>
        </debtSec>
        <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"/>
        </identifiers>
        <balance>415000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>405167.4100000000</valUSD>
        <pctVal>0.5047406921</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>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>206000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>193968.8000000000</valUSD>
        <pctVal>0.2416382561</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>
        </debtSec>
        <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>200000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196474.1000000000</valUSD>
        <pctVal>0.2447592545</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>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>
        <identifiers>
          <isin value="US55261FAN42"/>
          <ticker value="MTB"/>
          <other otherDesc="SEDOL" value="BPCKX47"/>
        </identifiers>
        <balance>234000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>203490.8500000000</valUSD>
        <pctVal>0.2535004295</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>Meiji Yasuda Life Insurance Co</name>
        <lei>549300SLU4LP6YMRLK07</lei>
        <title>Meiji Yasuda Life Insurance Co 5.20 10/20/2045</title>
        <cusip>585270AA9</cusip>
        <identifiers>
          <isin value="US585270AA92"/>
          <ticker value="MYLIFE"/>
          <other otherDesc="SEDOL" value="BYNK2S6"/>
        </identifiers>
        <balance>192000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>191818.6600000000</valUSD>
        <pctVal>0.2389597011</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-10-20</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>5.200000000000000</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>Meiji Yasuda Life Insurance Co</name>
        <lei>549300SLU4LP6YMRLK07</lei>
        <title>Meiji Yasuda Life Insurance Co 5.10 04/26/2048</title>
        <cusip>585270AC5</cusip>
        <identifiers>
          <isin value="US585270AC58"/>
          <ticker value="MYLIFE"/>
          <other otherDesc="SEDOL" value="BD5JMR3"/>
        </identifiers>
        <balance>197000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197197.3200000000</valUSD>
        <pctVal>0.2456602119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2048-04-26</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>MetLife Capital Trust IV</name>
        <lei>N/A</lei>
        <title>MetLife Capital Trust IV 7.88 12/15/2067</title>
        <cusip>591560AA5</cusip>
        <identifiers>
          <isin value="US591560AA57"/>
          <ticker value="MET"/>
          <other otherDesc="SEDOL" value="B29W497"/>
        </identifiers>
        <balance>180000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>197730.5400000000</valUSD>
        <pctVal>0.2463244751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2067-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.875000000000000</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>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 6.40 12/15/2066</title>
        <cusip>59156RAP3</cusip>
        <identifiers>
          <isin value="US59156RAP38"/>
          <ticker value="MET"/>
          <other otherDesc="SEDOL" value="B1L8RP3"/>
        </identifiers>
        <balance>191000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>201280.9600000000</valUSD>
        <pctVal>0.2507474406</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2066-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.400000000000000</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>MetLife Inc</name>
        <lei>C4BXATY60WC6XEOZDX54</lei>
        <title>MetLife Inc 9.25 04/08/2068</title>
        <cusip>59156RBS6</cusip>
        <identifiers>
          <isin value="US59156RBS67"/>
          <ticker value="MET"/>
          <other otherDesc="SEDOL" value="BDFBTL2"/>
        </identifiers>
        <balance>166000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>195528.4100000000</valUSD>
        <pctVal>0.2435811533</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2068-04-08</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>9.250000000000000</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>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>
        <identifiers>
          <isin value="US606839AB40"/>
          <ticker value="MSINS"/>
          <other otherDesc="SEDOL" value="BJLZY93"/>
        </identifiers>
        <balance>200000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>197502.6200000000</valUSD>
        <pctVal>0.2460405419</pctVal>
        <payoffProfile>Long</payoffProfile>
        <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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Life Insurance Co</name>
        <lei>549300Y0HHMFW3EVWY08</lei>
        <title>Nippon Life Insurance Co 3.40 01/23/2050</title>
        <cusip>654579AG6</cusip>
        <identifiers>
          <isin value="US654579AG64"/>
          <ticker value="NIPLIF"/>
          <other otherDesc="SEDOL" value="BKX9V55"/>
        </identifiers>
        <balance>440000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>406087.3100000000</valUSD>
        <pctVal>0.5058866652</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-01-23</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>3.400000000000000</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>399000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>392444.9500000000</valUSD>
        <pctVal>0.4888915811</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% 08/15/2173 Perpetual</title>
        <cusip>693475BD6</cusip>
        <identifiers>
          <isin value="US693475BD69"/>
          <ticker value="PNC"/>
          <other otherDesc="SEDOL" value="BMF2521"/>
        </identifiers>
        <balance>196000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196425.4400000000</valUSD>
        <pctVal>0.2446986359</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>504000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>507449.3800000000</valUSD>
        <pctVal>0.6321593123</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% 06/15/2173 Perpetual</title>
        <cusip>693475BP9</cusip>
        <identifiers>
          <isin value="US693475BP99"/>
          <ticker value="PNC"/>
          <other otherDesc="SEDOL" value="BN30MP6"/>
        </identifiers>
        <balance>397000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>396118.9100000000</valUSD>
        <pctVal>0.4934684475</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>212000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>195337.2900000000</valUSD>
        <pctVal>0.2433430639</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>
      <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"/>
        </identifiers>
        <balance>423000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>396116.2400000000</valUSD>
        <pctVal>0.4934651213</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>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"/>
        </identifiers>
        <balance>199000.0000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>192312.3000000000</valUSD>
        <pctVal>0.2395746573</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>Southern Co/The</name>
        <lei>549300FC3G3YU2FBZD92</lei>
        <title>Southern Co/The 4.00 01/15/2051</title>
        <cusip>842587DF1</cusip>
        <identifiers>
          <isin value="US842587DF14"/>
          <ticker value="SO"/>
          <other otherDesc="SEDOL" value="BMG6YH0"/>
        </identifiers>
        <balance>196000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>192009.5000000000</valUSD>
        <pctVal>0.2391974417</pctVal>
        <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>
          <annualizedRt>4.000000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>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"/>
        </identifiers>
        <balance>202000.0000000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>195613.7900000000</valUSD>
        <pctVal>0.2436875161</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>
          <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>2024-10-28</ncom:dateSigned>
      <ncom:nameOfApplicant>American Century ETF Trust</ncom:nameOfApplicant>
      <ncom:signature>Amy R. Bitter</ncom:signature>
      <ncom:signerName>Amy R. Bitter</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
