PFFA holdings

Weighted average maturity

14.7 years

stated maturity, not duration

Weighted average coupon

7.01%

Maturing in 0-1y

0.2%

Maturing in 1-3y

0.2%

Maturing in 3-5y

0.8%

Maturing in 20y+

1.3%

#	Holding	Type	Weight	Value	Shares / par	Country
1	FLGPAFLAGSTAR BANK NA	Preferred	2.47%	$58M	2,520,078	US
2	ETPIENERGY TRANSFER LP	Preferred	2.44%	$57M	4,754,467	US
3	FCNCNFirst Citizens BancShares, Inc. Depositary Shares, each representing a 1/40th interest in a share of 6.625% Non-Cumulative Perpetual Preferred Stock, Series E	Preferred	2.37%	$56M	2,207,650	US
4	TELEPHONE & DATA SYSTEMS INC	Preferred	2.35%	$55M	2,798,025	US
5	BANCPFBANC OF CALIFORNIA INC	Preferred	2.31%	$54M	2,115,010	US
6	KKRPDKKR & CO. INC	Preferred	2.25%	$53M	1,189,123	US
7	RLJPARLJ LODGING TRUST	Preferred	2.07%	$49M	1,936,745	US
8	ALBPAALBEMARLE CORP	Preferred	2.07%	$49M	624,596	US
9	APOApollo Global Management, Inc.	Preferred	2.06%	$48M	735,867	US
10	GNLPDGLOBAL NET LEASE INC	Preferred	2.03%	$48M	2,056,873	US
11	TWOPCTWO HARBORS INVESTMENTS CORP	Preferred	1.95%	$46M	1,839,684	US
12	MBINLMerchants Bancorp Depositary Shares, Each Representing a 1/40thInterest in a Share of 7.25% Fixed Rate Series E Non-CumulativePerpetual Preferred Stock, without par value	Preferred	1.95%	$46M	1,900,980	US
13	DIVERSIFIED HEALTHCARE TRUST	Preferred	1.94%	$45M	2,548,500	US
14	BWPABABCOCK & WILCOX ENTERPRISES INC	Preferred	1.93%	$45M	2,109,031	US
15	XELLLXcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085	Preferred	1.86%	$44M	1,783,183	US
16	DIVERSIFIED HEALTHCARE TRUST	Preferred	1.83%	$43M	2,273,451	US
17	STRATEGY INC	Preferred	1.77%	$42M	540,054	US
18	ADAMAS TRUST INC	Preferred	1.73%	$41M	1,715,051	US
19	STRCStrategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock	Preferred	1.71%	$40M	402,880	US
20	CTBBQwest Corporation 6.5% Notes due 2056	Preferred	1.71%	$40M	2,185,402	US
21	TRITON INTERNATIONAL LTD	Preferred	1.59%	$37M	1,513,431	BM
22	MFA FINANCIAL INC	Preferred	1.57%	$37M	1,542,724	US
23	TRITON INTERNATIONAL LTD	Preferred	1.56%	$37M	1,451,269	BM
24	ORCLPDORACLE CORP	Preferred	1.54%	$36M	740,628	US
25	QWEST CORP	Preferred	1.53%	$36M	1,935,295	US
26	ATLCZAtlanticus Holdings Corporation 9.25% Senior Notes due 2029	Preferred	1.52%	$36M	1,405,962	US
27	BAPABOEING COMPANY (THE)	Preferred	1.46%	$34M	475,658	US
28	TWO HARBORS INVESTMENTS CORP	Preferred	1.45%	$34M	1,376,395	US
29	DTKDTE Energy Company 2025 Series H 6.25% Junior Subordinated Debentures due 2085	Preferred	1.40%	$33M	1,328,199	US
30	VALLEY NATIONAL BANCORP	Preferred	1.38%	$32M	1,279,062	US
31	PMTPBPENNYMAC MTGE INVESTMENT	Preferred	1.33%	$31M	1,313,747	US
32	FLAGSTAR BANK NA2051-05	Corporate Bond	1.31%	$31M	757,748	US
33	SLMBPSLM Corporation Floating-Rate Non-Cumulative Series B	Preferred	1.30%	$31M	408,054	US
34	COMPASS DIVERSIFIED HOLDINGS	Preferred	1.26%	$30M	1,350,528	US
35	ADAMMAdamas Trust, Inc. 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock	Preferred	1.26%	$30M	1,160,797	US
36	CHIMERA INVESTMENT CORP	Preferred	1.23%	$29M	1,181,364	US
37	CRBDCorebridge Financial, Inc. 6.375% Junior Subordinated Notes due 2064	Preferred	1.22%	$29M	1,199,914	US
38	CHIMERA INVESTMENT CORP	Preferred	1.20%	$28M	1,230,705	US
39	VNOPMVORNADO REALTY TRUST	Preferred	1.12%	$26M	1,533,209	US
40	GNLPAGLOBAL NET LEASE INC	Preferred	1.09%	$26M	1,132,862	US
41	SAUL CENTERS INC	Preferred	1.09%	$25M	1,145,728	US
42	CODIPCCOMPASS DIVERSIFIED HOLDINGS	Preferred	1.07%	$25M	1,163,054	US
43	PSECPAPROSPECT CAPITAL CORP	Preferred	1.04%	$24M	1,377,975	US
44	COMPASS DIVERSIFIED HOLDINGS	Preferred	1.03%	$24M	1,188,314	US
45	CHIMERA INVESTMENT CORP	Preferred	0.95%	$22M	914,549	US
46	ARESPBARES MANAGEMENT CORP	Preferred	0.95%	$22M	568,028	US
47	FHNPHFIRST HORIZON CORP	Preferred	0.94%	$22M	884,956	US
48	SRJNSpire Inc. 6.375% Junior Subordinated Notes due 2086	Preferred	0.93%	$22M	881,474	US
49	TCPATransCanada PipeLines Limited 6.250% Junior Subordinated Notes due 2085	Preferred	0.92%	$22M	903,625	CA
50	INVESCO MORTGAGE CAPITAL	Preferred	0.91%	$21M	908,542	US
51	HPPPCHUDSON PACIFIC PROPERTIES INC	Preferred	0.89%	$21M	1,475,758	US
52	VNOPNVORNADO REALTY TRUST	Preferred	0.89%	$21M	1,219,139	US
53	WESTERN ALLIANCE BANCORP	Preferred	0.89%	$21M	876,251	US
54	CICBCION Investment Corporation 7.50% Notes due 2029	Preferred	0.87%	$20M	804,821	US
55	BHFANBrighthouse Financial, Inc. Depositary shares, each representing a 1/1,000th interest in a share of 5.375% Non-Cumulative Preferred Stock, Series C	Preferred	0.86%	$20M	1,527,546	US
56	NEEPWNEXTERA ENERGY CAPITAL HOLDINGS INC	Preferred	0.86%	$20M	802,208	US
57	GLOBAL NET LEASE INC	Preferred	0.84%	$20M	905,969	US
58	FEDERAL AGRICULTURAL MORTGAGE CORP	Preferred	0.82%	$19M	797,021	US
59	DIGITALBRIDGE GROUP INC	Preferred	0.82%	$19M	1,112,149	US
60	RITHM CAPITAL CORP	Preferred	0.79%	$19M	736,132	US
61	TRITON INTERNATIONAL LTD	Preferred	0.76%	$18M	760,071	BM
62	BREAD FINANCIAL HOLDINGS INC	Preferred	0.75%	$18M	702,065	US
63	PEBPFPEBBLEBROOK HOTEL TRUST	Preferred	0.75%	$18M	887,465	US
64	BABCOCK & WILCOX ENTERPRISES INC2030-06	Corporate Bond	0.75%	$18M	17,605,000	US
65	REDWOOD TRUST INC	Preferred	0.75%	$18M	696,007	US
66	TRITON INTERNATIONAL LTD	Preferred	0.73%	$17M	885,184	BM
67	NEWTEKONE INC	Preferred	0.72%	$17M	670,942	US
68	TDSPUTELEPHONE & DATA SYSTEMS INC	Preferred	0.71%	$17M	782,866	US
69	DIGITALBRIDGE GROUP INC	Preferred	0.71%	$17M	955,905	US
70	MFA FINANCIAL INC	Preferred	0.69%	$16M	778,078	US
71	EPRPGEPR PROPERTIES	Preferred	0.68%	$16M	809,217	US
72	CIMPChimera Investment Corporation 8.875% Senior Notes due 2030	Preferred	0.68%	$16M	623,420	US
73	GTLSChart Industries, Inc.	Equity	0.68%	$16M	76,390	US
74	VORNADO REALTY TRUST	Preferred	0.66%	$16M	1,040,010	US
75	ANGPDAMERICAN NATIONAL GROUP INC	Preferred	0.66%	$16M	626,085	US
76	VNOPLVORNADO REALTY TRUST	Preferred	0.63%	$15M	839,025	US
77	LOBPALIVE OAK BANCSHARES INC	Preferred	0.62%	$15M	575,910	US
78	GASLOG PARTNERS LP	Preferred	0.62%	$15M	566,184	MH
79	BHFAPBrighthouse Financial, Inc. Depositary Shares 6.6% Non-Cumulative Preferred Stock, Series A	Preferred	0.62%	$15M	896,021	US
80	TPG MORTGAGE INVESTMENT TRUST INC	Preferred	0.61%	$14M	570,900	US
81	INNPESUMMIT HOTEL PROPERTIES INC	Preferred	0.60%	$14M	769,676	US
82	GNLPEGLOBAL NET LEASE INC	Preferred	0.60%	$14M	617,518	US
83	BHFAMBrighthouse Financial, Inc. Depositary shares each representing a 1/1,000th Interest in a Share of 4.625% Non-Cumulative Preferred Stock, Series D	Preferred	0.59%	$14M	1,169,548	US
84	RCDReady Capital Corporation 9.00% Senior Notes due 2029	Preferred	0.58%	$14M	621,553	US
85	CION INVESTMENT CORP	Preferred	0.58%	$14M	536,534	US
86	MITTPBTPG MORTGAGE INVESTMENT TRUST INC	Preferred	0.57%	$13M	596,723	US
87	STRKStrategy Inc 8.00% Series A Perpetual Strike Preferred Stock	Preferred	0.57%	$13M	169,752	US
88	REDWOOD TRUST INC	Preferred	0.55%	$13M	517,703	US
89	SCE TRUST VI	Preferred	0.55%	$13M	715,867	US
90	STRFStrategy Inc 10.00% Series A Perpetual Strife Preferred Stock	Preferred	0.54%	$13M	124,437	US
91	BHFAOBrighthouse Financial, Inc. Depositary Shares 6.75% Non-Cum Pfd Series B	Preferred	0.53%	$12M	735,551	US
92	MEDALLION BANK	Preferred	0.48%	$11M	439,510	US
93	REDWOOD TRUST INC	Preferred	0.46%	$11M	424,768	US
94	FGSNF&G Annuities & Life, Inc. 7.300% Junior Subordinated Notes due 2065	Preferred	0.45%	$10M	486,764	US
95	CPRCITIGROUP INC	Preferred	0.43%	$10M	402,689	US
96	MTBPKM&T BANK CORP	Preferred	0.43%	$10M	406,785	US
97	NEWTPNewtekOne, Inc. Depositary Shares, Non-Cumulative Perpetual Preferred Stock, Series B	Preferred	0.43%	$10M	412,955	US
98	PMTPAPENNYMAC MTGE INVESTMENT	Preferred	0.42%	$10.0M	418,315	US
99	RITMPERITHM CAPITAL CORP	Preferred	0.42%	$10.0M	398,699	US
100	JSMNavient Corporation 6% Senior Notes due December 15, 2043	Preferred	0.42%	$9.8M	533,854	US
101	METCIRamaco Resources, Inc. 8.250% Senior Notes due 2030	Preferred	0.42%	$9.8M	391,177	US
102	SYNCHRONY FINANCIAL	Preferred	0.42%	$9.8M	476,887	US
103	RITMPCRITHM CAPITAL CORP	Preferred	0.41%	$9.6M	384,928	US
104	BHRPBBRAEMAR HOTELS & RESORTS INC	Preferred	0.41%	$9.6M	633,397	US
105	EFSCPEnterprise Financial Services Corporation Depositary Shares Each Representing a 1/40th Interest in a Share of 5% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A	Preferred	0.40%	$9.5M	470,978	US
106	NHPBPNational Healthcare Properties, Inc. 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock	Preferred	0.40%	$9.5M	460,009	US
107	MERCHANTS BANCORP (INDIANA)	Preferred	0.37%	$8.7M	431,096	US
108	CTO REALTY GROWTH INC	Preferred	0.37%	$8.7M	416,840	US
109	OXSQHOxford Square Capital Corp. 7.75% Notes due 2030	Preferred	0.37%	$8.7M	346,100	US
110	RBC BlueBay US Government Money Market Fund	Cash	0.35%	$8.3M	8,274,646	US
111	GOLDMAN SACHS FIN GOV 465	Cash	0.35%	$8.3M	8,274,646	US
112	SCEPNSCE TRUST VIII	Preferred	0.34%	$8.1M	337,919	US
113	SLGPISL GREEN REALTY CORP	Preferred	0.34%	$8.1M	377,572	US
114	BEPJBrookfield BRP Holdings (Canada) Inc. 7.250% Perpetual Subordinated Notes	Preferred	0.34%	$7.9M	318,908	CA
115	CIMPACHIMERA INVESTMENT CORP	Preferred	0.34%	$7.9M	365,948	US
116	TRITON INTERNATIONAL LTD	Preferred	0.33%	$7.8M	319,486	BM
117	TRINITY CAPITAL INC	Preferred	0.33%	$7.8M	306,906	US
118	PEBPGPEBBLEBROOK HOTEL TRUST	Preferred	0.30%	$7.1M	355,775	US
119	SPMASound Point Meridian Capital, Inc. 8.00% Series A Preferred Shares Due 2029	Preferred	0.30%	$7.1M	283,277	US
120	RAMACO RESOURCES INC	Preferred	0.29%	$6.9M	273,293	US
121	ADAMGAdamas Trust, Inc. 9.125% Senior Notes Due 2030	Preferred	0.28%	$6.6M	263,303	US
122	HPEPCHEWLETT PACKARD ENTERPRISE COMPANY	Preferred	0.28%	$6.5M	85,033	US
123	RPTPCRITHM PROPERTY TRUST INC	Preferred	0.28%	$6.5M	255,884	US
124	FBRTPEFRANKLIN BSP REALTY TRUST INC	Preferred	0.27%	$6.4M	324,225	US
125	ALPINE INCOME PROPERTY TRUST INC	Preferred	0.27%	$6.2M	245,920	US
126	TPG MORTGAGE INVESTMENT TRUST INC	Preferred	0.25%	$5.8M	226,001	US
127	CHIRON REAL ESTATE INC	Preferred	0.24%	$5.7M	231,599	US
128	FPCFORD MOTOR CO	Preferred	0.24%	$5.6M	273,174	US
129	BWNBBabcock & Wilcox Enterprises, Inc. 6.50% Senior Notes due 2026	Preferred	0.23%	$5.5M	219,239	US
130	REGENCY CENTERS CORP	Preferred	0.23%	$5.4M	240,185	US
131	NEXTERA ENERGY INC2029-02	Corporate Bond	0.22%	$5.1M	96,724	US
132	BHFALBrighthouse Financial, Inc. 6.25% Junior Subordinated Debentures due 2058	Preferred	0.21%	$5.0M	290,697	US
133	BRIGHTSPRING HEALTH SERVICES INC2027-02	Corporate Bond	0.21%	$5.0M	31,362	US
134	KEMPER CORP	Preferred	0.21%	$4.9M	203,874	US
135	ARRPCARMOUR RESIDENTIAL REIT INC	Preferred	0.19%	$4.5M	212,208	US
136	INNPFINNOCAN PHARMA CORP	Preferred	0.19%	$4.4M	249,610	US
137	PEBPHPEBBLEBROOK HOTEL TRUST	Preferred	0.19%	$4.3M	242,895	US
138	PENNYMAC MORTGAGE INVESTMENT TRUST	Preferred	0.18%	$4.3M	232,682	US
139	ASPEN INSURANCE HOLDINGS LTD	Preferred	0.17%	$3.9M	158,749	BM
140	LBRDPLiberty Broadband Corporation Series A Cumulative Redeemable Preferred Stock	Preferred	0.17%	$3.9M	178,738	US
141	SUNSTONE HOTEL INVESTORS INC	Preferred	0.16%	$3.8M	188,567	US
142	FIRST BUSEY CORP	Preferred	0.16%	$3.8M	146,190	US
143	WHRPAWHIRLPOOL CORP	Preferred	0.16%	$3.8M	90,349	US
144	BRAEMAR HOTELS & RESORTS INC	Preferred	0.15%	$3.6M	219,157	US
145	VALLEY NATIONAL BANCORP	Preferred	0.15%	$3.6M	143,898	US
146	RIVPARIVERNORTH OPPORTUNITIES FUND INC	Fund	0.15%	$3.5M	154,239	US
147	PEBPEPEBBLEBROOK HOTEL TRUST	Preferred	0.15%	$3.5M	175,369	US
148	EPRPEEPR PROPERTIES	Preferred	0.14%	$3.4M	104,492	US
149	VLYPNValley National Bancorp 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C	Preferred	0.14%	$3.2M	124,464	US
150	DBRGPJDIGITALBRIDGE GROUP INC	Preferred	0.14%	$3.2M	182,648	US
151	OXLCGOxford Lane Capital Corp. 7.95% Notes due 2032	Preferred	0.13%	$3.0M	120,003	US
152	TWO HARBORS INVESTMENTS CORP	Preferred	0.13%	$3.0M	119,484	US
153	LXPPCLXP INDUSTRIAL TRUST	Preferred	0.12%	$2.8M	61,505	US
154	UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	Preferred	0.12%	$2.8M	151,722	US
155	ARRAY DIGITAL INFRASTRUCTURE INC	Preferred	0.11%	$2.5M	137,331	US
156	ACRPCACRES COMMERCIAL REALTY CORP	Preferred	0.10%	$2.4M	96,141	US
157	ABACUS GLOBAL MANAGEMENT INC	Preferred	0.09%	$2.2M	83,614	US
158	BIPJBrookfield Infrastructure Finance ULC 7.250% Subordinated Notes due 2084	Preferred	0.08%	$1.8M	73,972	CA
159	AGNC INVESTMENT CORP	Preferred	0.08%	$1.8M	70,544	US
160	ATLCPAtlanticus Holdings Corporation 7.625% Series B Cumulative Perpetual Preferred Stock, no par value per share	Preferred	0.07%	$1.8M	74,012	US
161	CHIMERA INVESTMENT CORP	Preferred	0.07%	$1.7M	65,439	US
162	ACRPDACRES COMMERCIAL REALTY CORP	Preferred	0.07%	$1.5M	70,259	US
163	PBIPBPITNEY BOWES INC	Preferred	0.06%	$1.4M	66,736	US
164	ELLINGTON FINANCIAL INC	Preferred	0.06%	$1.3M	54,025	US
165	ARRAY DIGITAL INFRASTRUCTURE INC	Preferred	0.05%	$1.3M	63,085	US
166	ANGEL OAK MORTGAGE REIT INC	Preferred	0.05%	$1.1M	45,773	US
167	RWTPAREDWOOD TRUST INC	Preferred	0.05%	$1.1M	43,935	US
168	RITMPDRITHM CAPITAL CORP	Preferred	0.05%	$1.1M	42,140	US
169	PDPAPearl Diver Credit Company Inc. 8.00% Series A Preferred Stock Due 2029	Preferred	0.04%	$1.0M	39,946	US
170	ABRPDARBOR REALTY TRUST INC	Preferred	0.04%	$930K	55,015	US
171	ARBOR REALTY TRUST INC	Preferred	0.04%	$890K	52,657	US
172	TPG RE FINANCE TRUST INC	Preferred	0.04%	$865K	46,917	US
173	BROOKFIELD OAKTREE HOLDINGS LLC	Preferred	0.02%	$584K	28,405	US
174	MIDLAND STATES BANCORP INC	Preferred	0.02%	$578K	22,784	US
175	INNOVATIVE INDUSTRIAL PROPERTIES INC	Preferred	0.02%	$563K	25,020	US
176	EIIAEagle Point Institutional Income Fund 8.125% Series A Term Preferred Shares Due 2029	Preferred	0.02%	$552K	21,857	US
177	FTAI AVIATION LTD	Preferred	0.02%	$518K	20,459	KY
178	TRINZTrinity Capital Inc. 7.875% Notes due 2029	Preferred	0.02%	$501K	19,715	US
179	KKRSKKR Group Finance Co. IX LLC 4.625% Subordinated Notes due 2061	Preferred	0.02%	$378K	22,287	US
180	OAKPABROOKFIELD OAKTREE HOLDINGS LLC	Preferred	0.01%	$314K	15,061	US
181	READY CAPITAL CORP	Preferred	0.01%	$308K	24,563	US
182	ADAMHAdamas Trust, Inc. 9.875% Senior Notes Due 2030	Preferred	0.01%	$275K	10,760	US
183	SUNSTONE HOTEL INVESTORS INC	Preferred	0.01%	$265K	12,754	US
184	OXLCOOxford Lane Capital Corp. Preferred Stock Shares, 6.00% Series 2029	Preferred	0.01%	$259K	10,823	US
185	OPITQOFFICE PPTYS INC TR SBI	Preferred	0.01%	$199K	643,354	US
186	AQNAlgonquin Power & Utilities Corp	Equity	0.01%	$192K	30,562	CA
187	CFTRPACANTOR FITZGERALD INCOME TRUST INC	Preferred	0.01%	$157K	6,309	US
188	CFGPICITIZENS FINANCIAL GROUP INC	Preferred	0.01%	$134K	5,308	US
189	ASPEN INSURANCE HOLDINGS LTD	Preferred	0.01%	$128K	5,961	BM
190	DCOMPDime Community Bancshares, Inc. Fixed-Rate Non-Cumulative Perpetual Preferred Stock, Series A	Preferred	0.00%	$96K	4,903	US
191	MITTPATPG MORTGAGE INVESTMENT TRUST INC	Preferred	0.00%	$71K	3,091	US
192	NEEPUNEXTERA ENERGY CAPITAL HOLDINGS INC	Preferred	0.00%	$57K	2,231	US
193	WSBCOWesBanco, Inc. Depositary Shares each representing 1/40th interest in a share of 7.375% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B	Preferred	0.00%	$45K	1,759	US
194	ALTGPAALTA EQUIPMENT GROUP INC	Preferred	0.00%	$42K	1,679	US
195	PCGPXPG&E CORP	Preferred	0.00%	$35K	844	US
196	SCE TRUST VII	Preferred	0.00%	$19K	762	US
197	NLYPJANNALY CAPITAL MANAGEMENT INC	Preferred	0.00%	$4K	163	US
198	NEENextEra Energy, Inc.	Equity	0.00%	$4K	40	US
199	CHIMERA INVESTMENT CORP	Preferred	0.00%	$693	27	US

Find which other funds hold a stock by opening it and choosing "ETFs holding".

Action	Holding	Weight before	Weight after	Shares vs flows	Between reports
Exit	FLGPUFLAGSTAR BANK NA	1.89%	—	—	Jan 30, 2026 → Apr 30, 2026 SEC
New position	ORCLPDORACLE CORP	—	1.54%	—	Jan 30, 2026 → Apr 30, 2026 SEC
New position	FHNPHFIRST HORIZON CORP	—	0.94%	—	Jan 30, 2026 → Apr 30, 2026 SEC
New position	NEEPWNEXTERA ENERGY CAPITAL HOLDINGS INC	—	0.86%	—	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	ALBPAALBEMARLE CORP	1.34%	2.07%	+37.1%	Jan 30, 2026 → Apr 30, 2026 SEC
Exit	ELLINGTON FINANCIAL	0.66%	—	—	Jan 30, 2026 → Apr 30, 2026 SEC
New position	CION INVESTMENT CORP	—	0.58%	—	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	STRATEGY INC	1.24%	1.77%	+34.4%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	BAPABOEING COMPANY (THE)	1.99%	1.46%	−24.2%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	APOAPOLLO GLOBAL MANAGEMENT INC	2.57%	2.06%	−15.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	NLYPJANNALY CAPITAL MANAGEMENT INC	0.48%	0.00%	−100.0%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	ASPEN INSURANCE HOLDINGS LTD	0.62%	0.17%	−73.1%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	VLYPNVALLEY NATIONAL BANCORP	0.55%	0.14%	−75.1%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	FLGPAFLAGSTAR BANK NA	2.12%	2.47%	+14.4%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	FIRST BUSEY CORP	0.50%	0.16%	−67.6%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	ATLCZATLANTICUS HOLDINGS CORP	1.79%	1.52%	−14.9%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	BANCPFBANC OF CALIFORNIA INC	2.57%	2.31%	−12.1%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	BHFANBRIGHTHOUSE FINANCIAL INC	0.62%	0.86%	+43.0%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	BHFAPBRIGHTHOUSE FINANCIAL INC	0.40%	0.62%	+61.4%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	STRCSTRATEGY INC	1.50%	1.71%	+12.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	MTBPKM&T BANK CORP	0.62%	0.43%	−29.4%	Jan 30, 2026 → Apr 30, 2026 SEC
New position	WHRPAWHIRLPOOL CORP	—	0.16%	—	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	ARESPBARES MANAGEMENT CORP	0.81%	0.95%	+42.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	CPRCITIGROUP INC	0.58%	0.43%	−25.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	BHFAOBRIGHTHOUSE FINANCIAL INC	0.39%	0.53%	+38.5%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	TRINITY CAPITAL INC	0.47%	0.33%	−29.6%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	CIMPCHIMERA INVESTMENT CORP	0.81%	0.68%	−19.1%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	GASLOG PARTNERS LP	0.75%	0.62%	−17.9%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	REDWOOD TRUST INC	0.63%	0.75%	+18.3%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	AGNC INVESTMENT CORP	0.19%	0.08%	−60.2%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	LOBPALIVE OAK BANCSHARES INC	0.72%	0.62%	−12.6%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	REDWOOD TRUST INC	0.36%	0.46%	+24.9%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	ADAMHADAMAS TRUST INC	0.10%	0.01%	−88.5%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	HPEPCHEWLETT PACKARD ENTERPRISE COMPANY	0.19%	0.28%	+14.4%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	BHFAMBRIGHTHOUSE FINANCIAL INC	0.50%	0.59%	+20.4%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	SYNCHRONY FINANCIAL	0.50%	0.42%	−20.4%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	NHPBPNATIONAL HEALTHCARE PROPERTIES INC	0.47%	0.40%	−22.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	CFGPICITIZENS FINANCIAL GROUP INC	0.07%	0.01%	−92.3%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	SCE TRUST VII	0.06%	0.00%	−98.7%	Jan 30, 2026 → Apr 30, 2026 SEC
New position	ELLINGTON FINANCIAL INC	—	0.06%	—	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	CIMPACHIMERA INVESTMENT CORP	0.39%	0.34%	−12.2%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	EIIAEAGLE POINT INSTITUTIONAL INCOME FUND	0.07%	0.02%	−67.7%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	RAMACO RESOURCES INC	0.34%	0.29%	−13.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Exit	SCE TRUST V	0.05%	—	—	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	ADAMGADAMAS TRUST INC	0.32%	0.28%	−13.1%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	JSMNAVIENT CORP	0.38%	0.42%	+16.0%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	BHFALBRIGHTHOUSE FINANCIAL INC	0.18%	0.21%	+20.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Exit	RFPFREGIONS FINANCIAL CORP	0.03%	—	—	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	WSBCOWESBANCO INC	0.03%	0.00%	−93.5%	Jan 30, 2026 → Apr 30, 2026 SEC
New position	INNOVATIVE INDUSTRIAL PROPERTIES INC	—	0.02%	—	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	ASPEN INSURANCE HOLDINGS LTD	0.03%	0.01%	−82.5%	Jan 30, 2026 → Apr 30, 2026 SEC
Exit	GAINIGLADSTONE INVESTMENT COR	0.02%	—	—	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	ARRPCARMOUR RESIDENTIAL REIT INC	0.21%	0.19%	−10.2%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	PBIPBPITNEY BOWES INC	0.04%	0.06%	+31.9%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	ABACUS GLOBAL MANAGEMENT INC	0.11%	0.09%	−13.8%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	ARBOR REALTY TRUST INC	0.02%	0.04%	+70.2%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	TRINZTRINITY CAPITAL INC	0.04%	0.02%	−40.4%	Jan 30, 2026 → Apr 30, 2026 SEC
Decrease	PDPAPEARL DIVER CREDIT COMPANY INC	0.06%	0.04%	−22.1%	Jan 30, 2026 → Apr 30, 2026 SEC
Increase	ABRPDARBOR REALTY TRUST INC	0.04%	0.04%	+11.2%	Jan 30, 2026 → Apr 30, 2026 SEC

Share-count changes are measured after removing what creations and redemptions explain.