| Issue |
Coupon |
Maturity Date |
Amount Owned |
% of Fund |
| Wells Fargo & Co New FRN |
7.98 |
2099-09-15 |
$24,619,000 |
3.92 |
| Jpmorgan Chase FRN |
7.9 |
2018-04-30 |
$22,811,000 |
3.63 |
| Allianz Se |
8.38 |
2058-09-15 |
$845,522 |
3.28 |
| Cobank Acb Pfd 144A |
7 |
2053-11-12 |
$465,250 |
3.17 |
| Catlin Ins Co 144A FRN |
7.25 |
2017-01-19 |
$22,154,000 |
3.03 |
| Metlife Cap Tr X 144A FRN |
9.25 |
2068-04-08 |
$15,711,000 |
2.76 |
| Nationwide Mut Ins 144A 9.375% |
9.38 |
2039-08-15 |
$15,210,000 |
2.69 |
| Farm Cr Bk Tex Pfd |
10 |
2060-12-15 |
$16,000 |
2.61 |
| Liberty Mut Grp 144A FRN |
10.75 |
2088-06-15 |
$12,172,000 |
2.3 |
| Deutsche Bk Contingent Cap Tr V Pfd |
8.05 |
2058-06-30 |
$574,651 |
2.24 |
| Countrywide Cap V Pfd |
7 |
2066-11-01 |
$577,524 |
2.1 |
| Aegon Nv, Den Haag |
7.25 |
2057-09-15 |
$560,642 |
2.02 |
| Ing Groep N V Pfd |
8.5 |
2058-06-15 |
$517,868 |
1.93 |
| Citigroup Cap Xiii Pfd |
7.88 |
2015-10-30 |
$475,000 |
1.89 |
| Glen Meadow Pass-Through Tr 144A FRN |
6.51 |
2067-02-12 |
$14,500,000 |
1.86 |
| Sov 12% EP-A 144A |
12 |
2050-10-31 |
$10,606 |
1.79 |
| Aegon N V Pfd |
6.38 |
2055-09-15 |
$505,699 |
1.67 |
| Barclays Bk Pfd |
6.28 |
2034-12-15 |
$12,935,000 |
1.64 |
| Bnp Paribas 144A FRN |
7.2 |
2037-12-25 |
$11,705,000 |
1.63 |
| Fifth Third Cap Tr Vi Pfd |
7.25 |
2067-11-15 |
$439,614 |
1.62 |
| Amer Intl Grp FRN |
8.18 |
2068-05-15 |
$9,310,000 |
1.46 |
| Swiss Re Cap I 144A 6.854% |
6.85 |
2016-05-25 |
$9,455,000 |
1.34 |
| Deutsche Bk Contingent Cap Tr Iii Pfd |
7.6 |
2058-05-20 |
$325,627 |
1.24 |
| Axis Cap Hldgs Pfd |
7.5 |
2015-12-01 |
$84,424 |
1.21 |
| Keycorp Cap X Pfd |
8 |
2068-03-15 |
$311,531 |
1.18 |
