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CAMPAIGN FOR HU 25000 THE CONSTELLATION FUND 323 NORTH WASHINGTON AVENUE 2ND FLOOR MINNEAPOLIS MN 55401 PC GENERAL OPERATING 1100000 THE FAMILY PARTNERSHIP 414 SOUTH EIGHTH STREET MINNEAPOLIS MN 55404 PC GENERAL OPERATING 105000 THE YAYA FOUNDATION FOR 4H LEUKODYSTROPHY PO BOX 80685 MINNEAPOLIS MN 55408 PC GENERAL OPERATING 15000 TWIN CITIES RISE 1301 N BRYANT AVENUE MINNEAPOLIS MN 55411 PC GENERAL OPERATING 10000 UNIVERSITY OF MINNESOTA FOUNDATION 178 PILLSBURY DR SE MINNEAPOLIS MN 55455 PC BUILDING FUNDS 3010000 YALE UNIVERSITY PO BOX 208241 NEW HAVEN CT 06520 PC GENERAL OPERATING 300000 8962425 PROOF ALLIANCE 2233 UNIVERSITY AVENUE W SUITE 395 ST PAUL MN 55114 PC GENERAL OPERATING 50000 50000 14 1438956 18 17074706 0 18513662 0 18513662 0 0 0 0 0 0 0 0 0 0 ACCOUNTING SERVICE FEES 21269 13947 38340 NORDSTROM INC BONDS 6.950000 03/15/2028 SR LIEN S&P 7540 7540 RANGE RESOURCES CORPORATION 8.25% 01/15/2029 USD SR 58767 58767 NRG ENERGY, INC. 5.75% 01/15/2028 USD SER WI SR LIEN 64667 64667 NORDSTROM INC 4.375% 04/01/2030 USD SR LIEN NEXT CALL 29746 29746 NRG ENERGY, INC. 5.75% 01/15/2028 USD SER WI SR LIEN 49224 49224 NRG ENERGY, INC. 6.625% 01/15/2027 USD SER WI SR LIEN 31685 31685 PUT 100 TESLA INC COM EXP 01-19-24 570587 570587 NUSTAR LOGISTICS L.P. 5.625% 04/28/2027 USD SR LIEN NEXT 32123 32123 NUSTAR LOGISTICS L.P. 5.625% 04/28/2027 USD SR LIEN NEXT 21730 21730 NORDSTROM INC 4.0% 03/15/2027 USD SR LIEN NEXT CALL DT. 27864 27864 NOVARTIS AG-ADR SPONSORED ADR CMN (NVS) 27216 27216 NOVO-NORDISK A/S ADR ADR CMN (NVO) 34106 34106 OCCIDENTAL PETROLEUM COR 5.875% 09/01/2025 USD SR 30475 30475 ONEMAIN FINANCE CORPORATION 3.5% 01/15/2027 USD SR 1688 1688 PRAIRIESKY RTY LTD COM 281800 281800 PNC FINANCIAL SERVICES GROUP, HYBRID PERPETUAL USD 40938 40938 PNC FINANCIAL SERVICES GROUP, HYBRID PERPETUAL USD 14700 14700 PERFORMANCE FOOD GROUP I 6.875% 05/01/2025 USD PVT 45516 45516 PENSKE AUTOMOTIVE GROUP 3.75% 06/15/2029 USD SRSUB 55305 55305 PRIME SECSRVC BRW/FINANC 5.25% 04/15/2024 USD PVT 47101 47101 PRUDENTIAL FINANCIAL, INC. HYBRID 03/01/2052 USD JRSUB 14833 14833 PRUDENTIAL FINANCIAL, INC. 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HYBRID PERPETUAL USD SER G JRSUB LIEN 61106 61106 METLIFE, INC. HYBRID PERPETUAL USD SER D JRSUB LIEN 58090 58090 MERITAGE HOMES CORPORATION 5.125% 06/06/2027 USD 40582 40582 MATTEL INC 3.75% 04/01/2029 USD PVT REGS SR LIEN NEXT 56813 56813 MATTEL INC 3.375% 04/01/2026 USD PVT REGS SR LIEN NEXT 46392 46392 MARRIOTT OWNERSHIP RESORTS, IN 4.75% 01/15/2028 USD 30967 30967 MARRIOTT OWNERSHIP RESORTS, IN 4.75% 01/15/2028 USD 44238 44238 MARKEL CORPORATION HYBRID PERPETUAL USD JRSUB LIEN 43763 43763 MARATHON OIL CORP COM 406050 406050 M&T BANK CORPORATION HYBRID PERPETUAL USD SER F 17359 17359 M&T BANK CORPORATION HYBRID PERPETUAL SER G JRSUB 28071 28071 MORGAN STANLEY PFD USD1.4625(5.85%) SERIES K 19238 19238 NOKIA OYJ 4.375% 06/12/2027 USD SR LIEN S&P BB+ 7576 7576 MORGAN STANLEY PFD USD1.6250(6.50%) SERIES P NEXT CALL 30659 30659 MPT OPERATING PARTNERSHIP 5.25% 08/01/2026 USD SR 59688 59688 NEXTERA ENERGY CAPITAL HOLDING HYBRID 05/01/2079 USD 32191 32191 NEWELL BRANDS INC. STEP 04/01/2026 USD SR LIEN M- 46644 46644 NEWELL BRANDS INC. 6.625% 09/15/2029 SR LIEN NEXT CALL 21151 21151 NEWELL BRANDS INC. 6.625% 09/15/2029 SR LIEN NEXT CALL 17122 17122 NEWELL BRANDS INC. 6.375% 09/15/2027 SR LIEN NEXT CALL 14183 14183 NEWELL BRANDS INC. 4.875% 06/01/2025 USD SR LIEN NEXT 43945 43945 NETFLIX, INC. 5.875% 11/15/2028 USD SR LIEN S&P BBB 31652 31652 NETFLIX, INC. 5.875% 02/15/2025 USD SR LIEN S&P BBB 35875 35875 NESTLE SA SPONSORED ADR (REP 1/20 CHF 10 REGD SHS) 34741 34741 NAVIENT CORPORATION 6.75% 06/15/2026 USD SR LIEN S&P 55389 55389 NAVIENT CORPORATION 6.75% 06/15/2026 USD SR LIEN S&P 66849 66849 NAVIENT CORPORATION 5.5% 03/15/2029 USD SR LIEN NEXT 10819 10819 NAVIENT CORP 4.875% 03/15/2028 USD SR LIEN NEXT CALL DT. 15062 15062 NATIONAL RURAL UTILITIES COOPE HYBRID 04/20/2046 USD 13655 13655 NATIONAL GRID PLC SPONSORED ADR CMN (NGG) 30670 30670 MURPHY OIL USA INC 5.625% 05/01/2027 USD SR LIEN NEXT 31372 31372 MPT OPERATING PARTNERSHIP 5.25% 08/01/2026 USD SR 46631 46631 MPT OPER PARTNERSP/FINL 4.625% 08/01/2029 USD SR LIEN 27365 27365 RANGE RESOURCES CORPORATION 8.25% 01/15/2029 USD SR 59836 59836 SABRE GLBL INC. 9.25% 04/15/2025 USD PVT REGS SR LIEN 45705 45705 REGIONS FINANCIAL CORPORATION PFD USD1.4250(5.70%) 9590 9590 TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 61205 61205 TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 52812 52812 TRUIST FINANCIAL CORPORATION HYBRID PERPETUAL USD 9163 9163 TRI POINTE HOLDINGS INC 5.875% 06/15/2024 USD SER B SR 19865 19865 TRI POINTE GROUP INC 5.7% 06/15/2028 USD SR LIEN NEXT 9992 9992 TRI POINTE GROUP INC 5.25% 06/01/2027 USD SR LIEN NEXT 30502 30502 TRI POINTE GROUP INC 5.25% 06/01/2027 USD SR LIEN NEXT 7177 7177 TRANSDIGM INC. 7.5% 03/15/2027 USD SER WI SRSUB LIEN 15172 15172 TRANSDIGM INC. 7.5% 03/15/2027 USD SER WI SRSUB LIEN 24275 24275 TRANSDIGM INC. 5.5% 11/15/2027 USD SER WI SRSUB LIEN 32146 32146 TRANSDIGM INC 8.0% 12/15/2025 USD PVT REGS SR LIEN 36204 36204 TRANSCANADA TRUST HYBRID 08/15/2076 USD SER 16-A 72959 72959 TQRTOISE MIDSTREAM ENERGY FD INC COM NEW 78500 78500 T-MOBILE USA, INC. 2.625% 04/15/2026 USD SR LIEN NEXT 47009 47009 THE PNC FINANCIAL SERVICES GRO HYBRID PERPETUAL USD 8728 8728 THE ADT CORPORATION 4.125% 06/15/2023 SER B SR LIEN 39676 39676 TENET HEALTHCARE CORPORATION 6.875% 11/15/2031 SER B 46390 46390 TWILIO INC. 3.625% 03/15/2029 USD SR LIEN NEXT CALL DT. 03 39508 39508 TWILIO INC. 3.625% 03/15/2029 USD SR LIEN NEXT CALL DT. 03 29631 29631 U & I FINL CORP COM 54250 54250 U.S. BANCORP HYBRID PERPETUAL USD JRSUB LIEN CPN 22283 22283 YUM! BRANDS, INC 5.375% 04/01/2032 SR LIEN NEXT CALL DT. 60140 60140 XEROX HOLDINGS CORP 5.0% 08/15/2025 USD PVT REGS SR 33620 33620 WYNDHAM WORLDWIDE CORPORATION STEP 10/01/2025 58107 58107 WYNDHAM DESTINATIONS, INC. STEP 04/01/2027 USD SR 36635 36635 WESCO DISTRIBUTION INC 7.125% 06/15/2025 USD PVT REGS 45705 45705 WELLS FARGO & COMPANY HYBRID PERPETUAL USD SER U 48508 48508 WELLS FARGO & COMPANY HYBRID PERPETUAL USD SER BB 30695 30695 VOYA FINANCIAL, INC. HYBRID PERPETUAL USD SER A SR LIEN 44632 44632 TENET HEALTHCARE CORPORATION 4.625% 07/15/2024 USD 30894 30894 VOYA FINANCIAL, INC. HYBRID 05/15/2053 USD JRSUB LIEN 39197 39197 VODAFONE GROUP PLC ADR CMN (VOD) 10568 10568 VIDEOTRON LTD. 5.375% 06/15/2024 USD PVT REGS SR LIEN 9899 9899 VICI PROPERTIES / NOTE 3.5% 02/15/2025 USD PVT REGS SR 71704 71704 US FOODS INC 6.25% 04/15/2025 USD PVT REGS SR LIEN NEXT 45123 45123 UNITED RENTALS NORTH AM 5.25% 01/15/2030 USD SR LIEN 6747 6747 UNITED RENTALS (NORTH AMERICA) 3.75% 01/15/2032 USD 30826 30826 UNILEVER PLC (NEW) SPONSORED ADR CMN (UL) 30210 30210 UBS GROUP AG CMN (UBS) 33606 33606 VODAFONE GROUP PUBLIC LIMITED HYBRID 04/04/2079 USD 35570 35570 REGIONS FINANCIAL CORPORATION HYBRID PERPETUAL USD 24432 24432 TEGNA INC. 5.0% 09/15/2029 USD SR LIEN NEXT CALL DT. 09 15 30833 30833 TEGNA INC 4.75% 03/15/2026 USD PVT REGS SR LIEN NEXT 24591 24591 SHELL PLC SPONSORED ADR CMN (SHEL) 28475 28475 SERVICE PROPERTIES TRUST 7.5% 09/15/2025 USD SR LIEN 31200 31200 SERVICE PROPERTIES TRUST 7.5% 09/15/2025 USD SR LIEN 38026 38026 SERVICE CORPORATION INTERNATIO 4.0% 05/15/2031 USD SR 44933 44933 SENSATA TECHNOLOGIES B.V. 5.0% 10/01/2025 USD PVT 75162 75162 SEMPRA ENERGY HYBRID PERPETUAL USD JRSUB LIEN CPN 32724 32724 SEALED AIR CORPORATION 5.125% 12/01/2024 USD PVT REGS 54265 54265 SEAGATE HDD CAYMAN 4.875% 06/01/2027 USD PVT SR LIEN 35572 35572 SEAGATE HDD CAYMAN 4.125% 01/15/2031 USD SR LIEN 30380 30380 SCHNEIDER ELECTRIC SE UNSPONSORED ADR (FRANCE) 30692 30692 SBA COMMUNICATIONS CORPORATION 3.125% 02/01/2029 45604 45604 SANOFI SPONSORED ADR CMN (SNY) 38744 38744 LINCOLN NATIONAL CORPORATION HYBRID PERPETUAL SER C 31900 31900 RYMAN HOSPITALITY PROPERTIES, 4.75% 10/15/2027 USD 30196 30196 RYMAN HOSPITALITY PROPERTIES, 4.75% 10/15/2027 USD 45752 45752 ROYAL GOLD INC COM 560599 560599 RIO TINTO PLC SPONSORED ADR (RIO) 35600 35600 SIEMENS AKTIENGESELLSCHAFT SPONSORED ADR CMN 27879 27879 SILGAN HOLDINGS INC 4.125% 02/01/2028 USD SER WI SR 59870 59870 SILGAN HOLDINGS INC 4.125% 02/01/2028 USD SER WI SR 25258 25258 SOUTHERN COMPANY (THE) HYBRID 01/15/2051 USD SER B 41780 41780 TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADR CMN 29640 29640 TAIWAN SEMICONDUCTOR MFG ADS LTD ADS 1ADS EQUALS 23352 23352 SYNCHRONY FINANCIAL PFD USD1.4063(5.63%) SERIES A 8952 8952 SUNOCO LP 5.875% 03/15/2028 USD SR LIEN M-W+50.00BP 75218 75218 SUNOCO LP 4.5% 05/15/2029 USD SER WI SR LIEN NEXT CALL 64273 64273 SUNCOR ENERGY INC NEW COM 539410 539410 SUMITOMO MITSUI FINANCIAL GRP SPONSORED ADR CMN 32080 32080 STMICROELECTRONICS NV ADR CMN (STM) 25539 25539 TEGNA INC. 4.625% 03/15/2028 USD SR LIEN NEXT CALL DT. 03 24055 24055 STATE STREET CORPORATION HYBRID PERPETUAL USD SER F 17066 17066 SPRINT CAPITAL CORPORATION 8.75% 03/15/2032 USD SR 44987 44987 SPRINGLEAF FINANCE CORPORATION 7.125% 03/15/2026 USD 9719 9719 SPRINGLEAF FINANCE CORP 6.875% 03/15/2025 USD SR LIEN 29428 29428 SPRINGLEAF FINANCE CORP 6.625% 01/15/2028 USD SR LIEN 41861 41861 SPRINGLEAF FINANCE CORP 6.625% 01/15/2028 USD SR LIEN 65645 65645 SPECTRUM BRANDS, INC. 5.75% 07/15/2025 USD SER WI SR 48729 48729 SOUTHWESTERN ENERGY COMPANY STEP 01/23/2025 USD 8060 8060 SOUTHWESTERN ENERGY COMPANY 5.375% 02/01/2029 USD 30383 30383 SPRINT CORPORATION 7.625% 02/15/2025 USD SR LIEN NEXT 58375 58375 LAMAR MEDIA CORP 3.75% 02/15/2028 USD SER WI SR LIEN 58394 58394 KEYCORP HYBRID PERPETUAL USD SER D JRSUB LIEN CPN 17403 17403 COMMERCIAL METALS COMPANY 4.875% 05/15/2023 SR LIEN 35043 35043 CITIGROUP INC. HYBRID PERPETUAL USD SER P SUB LIEN CPN 69101 69101 CITIGROUP INC. HYBRID PERPETUAL SER T SUB LIEN CPN 34776 34776 CINEMARK USA INC 8.75% 05/01/2025 USD PVT REGS SR 10244 10244 CHENIERE ENERGY, INC. 4.625% 10/15/2028 USD SER WI SR 30152 30152 CHENIERE ENERGY PARTNERS, L.P. 4.5% 10/01/2029 USD SER 61039 61039 CHEMOURS COMPANY (THE) 5.375% 05/15/2027 USD SR LIEN 43724 43724 CHEMOURS COMPANY (THE) 5.375% 05/15/2027 USD SR LIEN 47446 47446 CITIGROUP INC. HYBRID PERPETUAL USD SER W JRSUB LIEN 21836 21836 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 49124 49124 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 20020 20020 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 82729 82729 CENTRAL GARDEN & PET CO 4.125% 10/15/2030 USD SR LIEN 30645 30645 CENTERPOINT ENERGY, INC HYBRID PERPETUAL USD SER A SR 48021 48021 CENTENE CORPORATION 4.625% 12/15/2029 USD SER WI SR 60472 60472 CENTENE CORPORATION 2.45% 07/15/2028 USD SR LIEN NEXT 68361 68361 ALCOA ALUMINUM DEBS 6.750000 01/15/2028 CALL @ MW 44876 44876 CHARLES SCHWAB CORPORATION (TH HYBRID PERPETUAL 41273 41273 CITIGROUP INC. HYBRID PERPETUAL USD SER Y JRSUB LIEN 4109 4109 CITIZENS FINANCIAL GROUP, INC. HYBRID PERPETUAL USD 38839 38839 CITIZENS FINANCIAL GROUP, INC. HYBRID PERPETUAL USD 28427 28427 CRH PLC SPON ADR ADR CMN (CRH) 19895 19895 COVANTA HOLDING CORPORATION 5.0% 09/01/2030 USD SR 29671 29671 COMPASS GROUP PLC SPONSORED ADR CMN (CMPGY) 20759 20759 LAMAR MEDIA CORP 3.75% 02/15/2028 USD SER WI SR LIEN 32846 32846 COMMERCIAL METALS CO 3.875% 02/15/2031 USD SR LIEN 31651 31651 COMERICA INCORPORATED HYBRID PERPETUAL USD JRSUB 34264 34264 COLT MERGER SUB, INC. 6.25% 07/01/2025 USD PVT REGS SR 12046 12046 COLT MERGER SUB INC 5.75% 07/01/2025 USD PVT REGS SR 12092 12092 COCA-COLA EUROPEAN PARTNERS PL CMN (CCEP) 22128 22128 CMS ENERGY CORPORATION HYBRID 12/01/2050 USD JRSUB 15124 15124 CMS ENERGY CORPORATION HYBRID 06/01/2050 USD JRSUB 56480 56480 CLEVELAND-CLIFFS INC. 5.875% 06/01/2027 USD SER WI SR 55693 55693 CLEVELAND-CLIFFS INC. 5.875% 06/01/2027 USD SER WI SR 48011 48011 CLARIOS GLOBAL LP 6.75% 05/15/2025 USD PVT REGS SR LIEN 21209 21209 CITIZENS FINANCIAL GROUP, INC. PFD USD1.5875(6.35%) 6656 6656 CITIZENS FINANCIAL GROUP, INC. PFD USD1.2500(5.00%) 29791 29791 CENOVUS ENERGY INC COM 388200 388200 CCO HOLDINGS, LLC 4.5% 05/01/2032 USD SER WI SR LIEN 59507 59507 CCO HLDGS LLC/CAP CORP 4.0% 03/01/2023 PVT REGS SR 85674 85674 CATERPILLAR INC (DELAWARE) CMN (CAT) 215604 215604 BALL CORPORATION 4.875% 03/15/2026 USD SR LIEN NEXT 13768 13768 BALL CORPORATION 2.875% 08/15/2030 USD SR LIEN NEXT 60621 60621 BALL CORP 5.25% 07/01/2025 USD SR LIEN S&P BB+ /MOODY'S 45581 45581 AT&T INC. PFD USD1.2500(5.00%) SERIES A NEXT CALL DT. 12 12 23865 23865 ASTRAZENECA PLC SPONS ADR SPONSORED ADR CMN (AZN) 33900 33900 ASML HOLDING N.V. ADR CMN (ASML) 22949 22949 ASBURY AUTOMOTIVE GROUP, INC. 4.75% 03/01/2030 USD 57096 57096 ASBURY AUTOMOTIVE GROUP, INC. 4.5% 03/01/2028 USD SER 44770 44770 ARCONIC CORPORATION 6.0% 05/15/2025 USD PVT REGS SR 24769 24769 APACHE CORPORATION 4.25% 01/15/2030 USD SR LIEN NEXT 31658 31658 APACHE CORP 4.875% 11/15/2027 USD SR LIEN NEXT CALL DT. 20123 20123 AMERICAN EXPRESS COMPANY HYBRID PERPETUAL USD 40331 40331 AMERICAN AXLE & MFG INC 6.875% 07/01/2028 USD SR LIEN 58333 58333 AMERICAN AXLE & MFG INC 6.875% 07/01/2028 USD SR LIEN 40741 40741 AMC NETWORKS INC 4.75% 08/01/2025 USD SR LIEN NEXT 31971 31971 AMC NETWORKS INC 4.75% 08/01/2025 USD SR LIEN NEXT 24953 24953 ALLY FINANCIAL INC. HYBRID PERPETUAL USD SER C JRSUB 40464 40464 BALL CORPORATION 6.875% 03/15/2028 USD SR LIEN NEXT 10340 10340 CROSS TIMBERS RTY TR TR UNIT 432480 432480 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 54924 54924 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 72650 72650 CAPITAL ONE FINANCIAL CORPORAT HYBRID PERPETUAL USD 27604 27604 CANADIAN NATURAL RES LTD 416475 416475 CALPINE CORP 5.25% 06/01/2026 USD PVT REGS SR LIEN NEXT 2871 2871 BUCKEYE PARTNERS, L.P. 4.35% 10/15/2024 USD SR LIEN NEXT 48600 48600 BP P.L.C. SPONSORED ADR CMN (BP) 27944 27944 BP CAPITAL MARKETS P.L.C. HYBRID PERPETUAL USD SUB 39424 39424 BOYD GAMING CORPORATION 4.75% 12/01/2027 USD SER WI 19642 19642 BOYD GAMING CORPORATION 4.75% 12/01/2027 USD SER WI 30866 30866 ALCOA INC. 5.9% 02/01/2027 SR LIEN S&P BB+ /MOODY'S BA1 8137 8137 BNP PARIBAS SPONSORED ADR CMN (BNPQY) 34099 34099 BLOCK INC 3.5% 06/01/2031 USD SR LIEN NEXT CALL DT. 03 01 59959 59959 BLOCK INC 2.75% 06/01/2026 USD SR LIEN NEXT CALL DT. 05 01 57952 57952 BANK OF NOVA SCOTIA (THE) HYBRID PERPETUAL USD SUB 57746 57746 BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL 34066 34066 BANK OF NEW YORK MELLON CORPOR HYBRID PERPETUAL 53537 53537 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 34392 34392 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 50601 50601 BANK OF AMERICA CORPORATION HYBRID PERPETUAL USD 13890 13890 CROWN AMERICAS LLC 4.75% 02/01/2026 SER WI SR LIEN 63291 63291 CROWDSTRIKE HOLDINGS INC 3.0% 02/15/2029 USD SR LIEN 59037 59037 GOLDMAN SACHS BANK USA DEPOSIT 43398 43398 HUNTINGTON BANCSHARES INCORPOR HYBRID PERPETUAL 32907 32907 HSBC HOLDINGS PLC SPONSORED ADR CMN (HSBC) 28044 28044 HOWMET AEROSPACE INC. 3.0% 01/15/2029 USD SR LIEN 64788 64788 HOWMET AEROSPACE INC 6.875% 05/01/2025 USD SR LIEN 3113 3113 HILTON DOMESTIC OPERATING CO I 4.875% 01/15/2030 USD 30647 30647 HILTON DOMESTIC OPERATIN 5.375% 05/01/2025 USD PVT 69914 69914 HILLENBRAND INC STEP 09/15/2026 USD SR LIEN 5.0% 64681 64681 HILLENBRAND INC 5.75% 06/15/2025 USD SR LIEN NEXT CALL 36910 36910 HERBALIFE/HLF FINANCING 7.875% 09/01/2025 USD PVT 32026 32026 HCA INC. 5.375% 02/01/2025 USD SR LIEN S&P BBB 61317 61317 HCA INC 5.375% 09/01/2026 USD SR LIEN NEXT CALL DT. 03 01 34261 34261 GRAPHIC PACKAGING INTL 4.125% 08/15/2024 USD SR LIEN 54893 54893 GRAPHIC PACKAGING INTL 4.125% 08/15/2024 USD SR LIEN 47907 47907 GOODYEAR TIRE & RUBBER COMPANY 4.875% 03/15/2027 43667 43667 GOODYEAR TIRE & RUBBER COMPANY 4.875% 03/15/2027 30660 30660 GOLDMAN SACHS BANK USA DEPOSIT (BDA) (*BDANOW) 9518 9518 HUNTINGTON BANCSHARES INCORPOR HYBRID PERPETUAL 31638 31638 GOLDMAN SACHS BANK USA DEPOSIT (BDA) 106504 106504 IBERDROLA SOCIEDAD ANONIMA SPONSORED ADR CMN 32662 32662 IHEARTCOMMUNICATIONS, INC. 6.375% 05/01/2026 USD SR 35969 35969 KONINKLIJKE AHOLD N.V. SPONSORED ADR CMN (ADRNY) 17187 17187 KKR GROUP FINANCE CO. IX LLC PFD USD1.1562(4.62%) 20021 20021 KEYCORP PFD USD1.5313(6.13%) SERIES E CALLABLE SERIES E 32081 32081 KENNEDY-WILSON, INC. 4.75% 03/01/2029 USD SR LIEN NEXT 35569 35569 KENNEDY-WILSON, INC. 4.75% 02/01/2030 USD SR LIEN NEXT 55262 55262 KB HOME 6.875% 06/15/2027 USD SR LIEN NEXT CALL DT. 12 15 27243 27243 KB HOME 6.875% 06/15/2027 USD SR LIEN NEXT CALL DT. 12 15 31279 31279 JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER X 74139 74139 JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER S 35849 35849 JPMORGAN CHASE & CO. HYBRID PERPETUAL USD SER FF 9358 9358 JELD-WEN INC 6.25% 05/15/2025 USD PVT REGS SR LIEN 42450 42450 ISHARES, INC.MSCI JAPAN ETF MUTUAL FUND (EWJ) 59884 59884 ISHARES TR IBOXX $ HIGH YIELD CORP BO ETF 368150 368150 ISHARES TR 0-5 YR HIGH YIELD CORP BO ETF 817800 817800 ISHARES MSCI AUSTRALIA ETF (EWA) 57798 57798 ING GROEP N.V. SPONS ADR SPONSORED ADR CMN (ING) 35293 35293 IHEARTCOMMUNICATIONS, INC. 6.375% 05/01/2026 USD SR 58729 58729 CROWN CORK & SEAL CO INC 7.375 12/15/2026 CALL @ 39246 39246 ALLY FINANCIAL INC. HYBRID PERPETUAL USD SER B JRSUB 101213 101213 GOLDMAN SACHS BANK USA DEPOSIT 50653 50653 ENCOMPASS HEALTH CORP 4.5% 02/01/2028 USD SR LIEN 60265 60265 ENBRIDGE INC. HYBRID 07/15/2080 USD SER 20-A SUB LIEN 46537 46537 ENBRIDGE INC. HYBRID 01/15/2083 JRSUB LIEN CPN 09/20/22 17931 17931 EMERA INCORPORATED HYBRID 06/15/2076 USD SUB LIEN 33713 33713 ELANCO ANIMAL HEALTH INCORPORA STEP 08/28/2028 USD 65216 65216 ELANCO ANIMAL HEALTH INCORPORA STEP 08/28/2028 USD 41855 41855 ELANCO ANIMAL HEALTH INCORPORA STEP 08/28/2023 USD 39379 39379 ENCOMPASS HEALTH CORP 4.625% 04/01/2031 USD SR LIEN 47038 47038 DUKE ENERGY CORPORATION HYBRID PERPETUAL USD SR 18534 18534 DOMINION ENERGY, INC. HYBRID PERPETUAL USD SER B SR 30697 30697 DISCOVER FINANCIAL SERVICES HYBRID PERPETUAL USD SER 49363 49363 DIGITAL REALTY TRUST, INC. CMN (DLR) 70189 70189 DCP MIDSTREAM OPERATING, LP 3.875% 03/15/2023 SR LIEN 50286 50286 DANA INC 5.625% 06/15/2028 USD SR LIEN NEXT CALL DT. 06 59266 59266 DANA INC 5.375% 11/15/2027 USD SR LIEN NEXT CALL DT. 11 39249 39249 AIR LEASE CORPORATION HYBRID PERPETUAL USD SER B 12567 12567 DORCHESTER MINERALS LP COM UNITS 598600 598600 GOLDMAN SACHS BANK USA DEPOSIT 33480 33480 ENEL SOCIETA PER AZIONI ADR CMN (ENLAY) 20400 20400 ENPRO INDUSTRIES, INC. 5.75% 10/15/2026 USD SR LIEN NEXT 35357 35357 ABB LTD SPONSORED ADR CMN (ABB) 27414 27414 GFL ENVIRONMENTAL INC 5.125% 12/15/2026 USD PVT REGS 33553 33553 GFL ENVIRONMENTAL INC 4.25% 06/01/2025 USD PVT REGS 19171 19171 FORD MOTOR COMPANY GLOBAL 6.625% 10/01/2028 USD SR 22114 22114 FORD MOTOR COMPANY 9.625% 04/22/2030 USD SR LIEN 62083 62083 FORD HOLDING INC 9.300000 03/01/2030 SR LIEN S&P BB+ 28838 28838 AECOM 5.125% 03/15/2027 USD SER WI SR LIEN NEXT CALL DT. 30305 30305 ENERGY TRANSFER OPERATING LP FRN 11/01/2066 USD SER B 3904 3904 FIRST CITIZENS BANCSHARES INC HYBRID PERPETUAL SER B 40107 40107 AECOM 5.125% 03/15/2027 USD SER WI SR LIEN NEXT CALL DT. 32260 32260 EUREKA HOMESTEAD BANCORP INC COM 51033 51033 EQUITABLE HOLDINGS, INC. HYBRID PERPETUAL USD SER B 33072 33072 EQT MIDSTREAM PARTNERS, LP 5.5% 07/15/2028 USD SER 37700 37700 EQT MIDSTREAM PARTNERS LP 4.0% 08/01/2024 USD SR LIEN 40083 40083 EQT CORP STEP 02/01/2025 USD SR LIEN 6.125% 08/01/22- 25697 25697 ENPRO INDUSTRIES, INC. 5.75% 10/15/2026 USD SR LIEN NEXT 30446 30446 FIFTH THIRD BANCORP HYBRID PERPETUAL USD SER L JRSUB 98728 98728 BRISTOL-MYERS SQUIBB COMPANY CMN (BMY) 287800 287800 INTL BUSINESS MACHINES CORP CMN (IBM) 295869 295869 AT&T INC. CMN (T) 233807 233807 COCA-COLA COMPANY (THE) CMN (KO) 178108 178108 AVALONBAY COMMUNITIES INC CMN (AVB) 65244 65244 MICROSOFT CORPORATION CMN (MSFT) 359730 359730 NEXTERA ENERGY, INC. CMN (NEE) 108680 108680 EATON CORP PLC CMN 156950 156950 JOHNSON & JOHNSON CMN (JNJ) 247310 247310 HONEYWELL INTL INC CMN (HON) 171440 171440 BLACKROCK, INC. CMN (BLK) 212589 212589 CISCO SYSTEMS, INC. CMN (CSCO) 266784 266784 TEXAS INSTRUMENTS INC. CMN (TXN) 231308 231308 CVS HEALTH CORP CMN (CVS) 214337 214337 FIDELITY NATL INFO SVCS INC CMN (FIS) 67850 67850 NORFOLK SOUTHERN CORP CMN (NSC) 197136 197136 TARGET CORPORATION CMN (TGT) 223560 223560 BLACKROCK MORTAGE TRUST 1198028 1198028 AMERICAN TOWER CORPORATION CMN (AMT) 128052 128052 GILEAD SCIENCES CMN (GILD) 137360 137360 SALESFORCE INC CMN (CRM) 172367 172367 JPMORGAN CHASE & CO CMN (JPM) 295020 295020 XCEL ENERGY INC. CMN (XEL) 84717 84717 ABBOTT LABORATORIES CMN (ABT) 131748 131749 ROSS STORES,INC CMN (ROST) 116070 116070 WALMART INC CMN (WMT) 199402 199402 CONOCOPHILLIPS CMN (COP) 225530 225530 AIR PRODUCTS & CHEMICALS INC CMN (APD) 185928 185928 MC DONALDS CORP CMN (MCD) 210824 210824 KLA CORP CMN (KLAC) 150812 150812 X3 FUND FMV 34176520 34176520 70TH STREET INVESTMENT FMV 12300000 12300000 ALLERUM FMV 1500000 1500000 KWIKBIT AT COST 3500000 3500000 BOOTHBAY ABSOLUTE RETURN STRATEGIES OFFSHORE, LTD FMV 946442 946442 SWEET LEAF FMV 2149202 2149202 STONEX PRIME BROKERAGE FMV 6375018 6375018 SABA FMV 5548832 5548832 DAFNA FUND, LP FMV 3266772 3266772 EMPOWERU INC. AT COST 419396 419396 FARNUM AT COST 2970914 2970914 NORTHERN LAKES FMV 850000 850000 LUXOR LAND FMV 3626773 3626773 WB CREDIT FUND LTD FMV 6870406 6870406 UNREALIZED LOSS ON INVESTMENTS 12945504 OFFICE SUPPLIES 5644 0 5982 INSURANCE 7711 0 7711 PARTNERSHIP EXPENSES 0 69192 0 PARTNERSHIP INCOME -806478 INVESTMENT CONSULTING FEES 1325780 1325780 0 EXCISE TAX 113137 0 0 FOREIGN TAXES PAID 0 51 0