Net position changes between two of this fund's N-PORT
snapshots. These are differences between point-in-time reports — not a
trade log — and share counts can be affected by splits and other corporate
actions.
Dec 31, 2025 → Mar 31, 2026
Expand a category to
see the positions behind it, ranked by weight.
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
United States Treasury Bill
0
55,000,000
55,000,000
4.90%
$54.62M
US TREASURY N/B
0
35,993,000
35,993,000
3.09%
$34.49M
MORGAN STANLEY
0
20,000,000
20,000,000
1.79%
$20.00M
SIERRA PAC POWER
0
16,995,000
16,995,000
1.51%
$16.86M
MORGAN STANLEY
0
13,160,000
13,160,000
1.16%
$12.96M
WILLIAMS COS INC
0
11,589,000
11,589,000
1.02%
$11.42M
BANK OF AMER CRP
0
9,817,000
9,817,000
0.89%
$9.88M
Emera U.S. Finance LLC
0
8,721,000
8,721,000
0.78%
$8.74M
Invesco Preferred ETF
0
792,105
792,105
0.77%
$8.62M
SAUDI ARAB OIL
0
7,580,000
7,580,000
0.64%
$7.16M
GOLDMAN SACHS GP
0
5,264,000
5,264,000
0.47%
$5.19M
ENERGY TRANS
0
5,075,000
5,075,000
0.45%
$5.01M
EVERSOURCE ENERG
0
3,664,000
3,664,000
0.32%
$3.62M
ISHARES 20+ YEAR TREASURY BO
0
20,000
20,000
0.07%
$740.00K
US ULTRA BOND CBT Sep25
0
23
23
0.00%
-$20.13K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
iShares Trust 0-5YR HIGH YEILD CORP BD ET
1,580,364
0
-1,580,364
0.00%
-$67.75M
OPTION
331,738
0
-331,738
0.00%
-$28.91M
iShares US Preferred Stock ETF
795,104
0
-795,104
0.00%
-$24.62M
JPMORGAN CHASE
20,000,000
0
-20,000,000
0.00%
-$19.95M
BANK OF AMER CRP
13,282,000
0
-13,282,000
0.00%
-$13.29M
iShares Trust IBOXX USD INVST GRADE CORP
100,000
0
-100,000
0.00%
-$11.02M
NUVEEN INSD TAX-FREE ADVANTAGE MUN FD COM USD0.01
637,432
0
-637,432
0.00%
-$7.41M
Bank of America Corp., Series DD
4,882,000
0
-4,882,000
0.00%
-$4.89M
INVESCO SENIOR LOAN ETF MUTUAL FUND
200,000
0
-200,000
0.00%
-$4.20M
GS V7.379 PERP Q
3,728,000
0
-3,728,000
0.00%
-$3.75M
U.S. Treasury Bills
2,442,000
0
-2,442,000
0.00%
-$2.42M
AGNC Investment Corp., Series C, Pfd.
60,862
0
-60,862
0.00%
-$1.54M
ISHRS SD USD INC
955
0
-955
0.00%
-$48.80K
Invesco Ultra Short Duration ETF
723
0
-723
0.00%
-$36.33K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
JPM ULTRA-SHT IN
780,797
958,216
177,419
4.35%
$8.99M
PHILLIPS 66 CO
20,245,000
23,286,000
3,041,000
2.08%
$2.98M
State Street SPDR Portfolio Long Term Corporate Bond ETF
263,706
985,584
721,878
1.96%
$15.95M
DOMINION ENERGY
18,965,000
19,037,000
72,000
1.76%
-$145.14K
BANK OF AMER CRP
11,782,000
19,251,000
7,469,000
1.71%
$7.46M
SOUTHERN CO
17,922,000
17,988,000
66,000
1.66%
-$211.74K
ALLY V4.7 PERP C
16,211,000
18,541,000
2,330,000
1.55%
$1.75M
NextEra Energy Capital Holdings, Inc.
14,323,000
14,385,000
62,000
1.32%
-$133.11K
NEXTERA ENERGY CAPITAL REGD V/R SER . 6.50000000
10,781,000
10,826,000
45,000
1.00%
-$185.34K
ALLY V6.646 01/17/40
11,043,000
11,529,000
486,000
1.00%
-$24.18K
PIMCO MUNICIPAL INCOME FUND II PIMCO MUNICIPAL INCOME FD II
1,132,349
1,465,007
332,658
0.99%
$2.55M
STATE STREET SPDR BLACKSTONE SENIOR LOAN MUTUAL FUND
100,000
268,969
168,969
0.97%
$6.67M
ORACLE CORP
11,855,000
12,461,000
606,000
0.81%
$219.17K
DOMINION ENERGY
7,507,000
8,009,000
502,000
0.76%
$317.37K
Citigroup Inc., Series DD
5,671,000
7,416,000
1,745,000
0.68%
$1.65M
Occidental Petroleum Corp.
7,564,000
7,764,000
200,000
0.50%
$102.41K
BP CAP MKTS AMER
7,106,000
8,031,000
925,000
0.46%
$535.65K
MACY'S RETAIL HOLDINGS LLC COMPANY GUAR 02/43 4.3
6,258,000
7,184,000
926,000
0.43%
$325.37K
Invesco Senior Income Trust
914,693
1,330,934
416,241
0.38%
$1.29M
VanEck Long Muni ETF
128,000
223,827
95,827
0.35%
$1.66M
KKR Group Finance Company IX LLC 4.625% SUBORDINATED NOTES DUE APRIL 1, 2061
3,891
125,141
121,250
0.18%
$1.93M
REINSURANCE GRP OF AMERICA INC 5.75/VAR 06/15/2056 PFD
5,330
36,266
30,936
0.08%
$771.46K
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
US TREASURY N/B
113,790,000
112,016,000
-1,774,000
8.84%
-$2.68M
BPLN V4.875 PERP
33,848,000
32,114,000
-1,734,000
2.85%
-$1.98M
FRST AM-GV OB-X
92,663,715
31,564,880
-61,098,835
2.83%
-$61.10M
MICRON TECH
12,699,000
11,396,000
-1,303,000
0.72%
-$918.54K
RTX CORP
11,930,000
11,830,000
-100,000
0.68%
-$282.91K
ORACLE CORP
11,803,000
11,795,000
-8,000
0.63%
-$271.54K
ATHENE HOLDING
12,691,000
9,863,000
-2,828,000
0.60%
-$2.25M
AGNC INVESTMENT CORP SER H PFD PERP
270,962
248,555
-22,407
0.56%
-$580.47K
AGNC Investment Corp., Series F, Pfd.
620,862
177,789
-443,073
0.39%
-$10.92M
Annaly Capital Management, Inc., Series I, Pfd.
422,022
161,716
-260,306
0.36%
-$6.78M
NUVEEN QUALITY MUN INCOME FD COM USD0.01
581,675
63,951
-517,724
0.07%
-$6.26M
Security
Shares Dec 2025
Shares Mar 2026
Δ shares
End %
Δ value
US TREASURY N/B
71,014,000
71,014,000
0
3.33%
-$317.62K
US TREASURY N/B
53,455,000
53,455,000
0
2.35%
-$205.68K
US TREASURY N/B
53,819,000
53,819,000
0
2.30%
-$278.56K
CITIGROUP INC
24,300,000
24,300,000
0
2.17%
$135.17K
Vanguard Ultra Short Bond ETF
456,990
456,990
0
2.04%
-$25.13K
RITM 8 04/01/29 144A
21,228,000
21,228,000
0
1.87%
-$950.30K
LNC V9.25 PERP C
13,551,000
13,551,000
0
1.27%
-$412.05K
AMER ELEC PWR
14,106,000
14,106,000
0
1.25%
$115.28K
PIMCO ENHANCED SHORT MATURITY PIMCO ENHANCED SHORT MATURIT
106,310
106,310
0
0.96%
$24.45K
DUKE ENERGY COR
13,599,000
13,599,000
0
0.92%
-$322.41K
LNC 9 PERP
376,070
376,070
0
0.88%
-$259.49K
MORGAN STANLEY
11,235,000
11,235,000
0
0.87%
-$223.21K
Brookfield Oaktree Holdings, LLC, Series B, Pfd.
464,808
464,808
0
0.84%
-$185.92K
LYB INT FIN III
14,250,000
14,250,000
0
0.83%
-$30.91K
BIOGEN INC
13,266,000
13,266,000
0
0.75%
-$213.65K
CHARTER COMM OPT
11,373,000
11,373,000
0
0.72%
-$127.44K
SIMON PROP GP LP
11,762,000
11,762,000
0
0.71%
-$252.69K
VERIZON COMM INC
12,914,000
12,914,000
0
0.70%
-$207.05K
WILLIAMS COS INC
11,370,000
11,370,000
0
0.70%
-$216.27K
PACIFIC GAS&ELEC
11,683,000
11,683,000
0
0.69%
-$193.65K
NASDAQ INC
11,170,000
11,170,000
0
0.67%
-$342.76K
STARBUCKS CORP
10,377,000
10,377,000
0
0.64%
-$137.52K
AMER ELEC PWR
7,113,000
7,113,000
0
0.63%
-$34.01K
WELLS FARGO CO
6,878,000
6,878,000
0
0.62%
$9.21K
iShares 0-5 Year Investment Grade Corporate Bond ETF
130,872
130,872
0
0.59%
-$27.48K
KINDER MORGAN
9,664,000
9,664,000
0
0.56%
-$155.42K
Equable Shares Hedged Equity ETF
209,523
209,523
0
0.54%
-$74.34K
ARCH CAPITAL GRP
8,332,000
8,332,000
0
0.54%
-$241.95K
VALERO ENERGY
8,488,000
8,488,000
0
0.52%
-$129.41K
GOLDMAN SACHS GP
7,694,000
7,694,000
0
0.51%
-$283.59K
REINSURANCE GROUP OF AMERICA I PREFFERD STOCK
223,635
223,635
0
0.51%
-$6.71K
AMER ELEC PWR
8,022,000
8,022,000
0
0.47%
-$85.93K
AMERICAN TOWER
8,015,000
8,015,000
0
0.45%
-$180.37K
Brookfield Renewable Partners L.P., Series 17, Pfd.
273,839
273,839
0
0.43%
-$254.67K
The Allstate Corporation DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF FIXED RATE NONCUMULATIVE PERPETUAL PREFERRED STOCK, SE
178,012
178,012
0
0.41%
-$154.87K
ALIBABA GROUP
6,710,000
6,710,000
0
0.40%
-$67.16K
ET V7.125 PERP G
4,175,000
4,175,000
0
0.38%
-$35.50K
ENBRIDGE INC SUBORDINATED 01/84 VAR
3,783,000
3,783,000
0
0.38%
-$85.23K
BERKSHIRE HATHAW
6,912,000
6,912,000
0
0.37%
-$136.66K
Oaktree Capital Group, 6.625% Perp.
197,950
197,950
0
0.36%
-$150.44K
BARCLAYS PLC
4,963,000
4,963,000
0
0.33%
-$151.62K
JPMORGAN CHASE
3,500,000
3,500,000
0
0.31%
$20.06K
Virtus Convertible & Income Fund 5.625% SERIES A CUMULATIVE PREFERRED SHARES
166,284
166,284
0
0.31%
-$118.06K
CARLYLE FINANCE LLC PREFERRED STOCK 05/61 4.625
178,699
178,699
0
0.28%
$71.48K
Vanguard Scottsdale Funds LG-TERM COR BD
41,519
41,519
0
0.28%
-$46.92K
WELLS FARGO CO
2,785,000
2,785,000
0
0.25%
$720
MACY S RET. HLDGS. 5.125%
2,894,000
2,894,000
0
0.19%
-$227.78K
UBS V9.25 PERP 144a
1,977,000
1,977,000
0
0.19%
-$65.58K
OXY 4.5 07/15/44
2,586,000
2,586,000
0
0.18%
-$11.99K
OCCIDENTAL PETE
1,183,000
1,183,000
0
0.08%
-$5.05K
OCCIDENTAL PETE
730,000
730,000
0
0.05%
-$1.50K
Virtus Convertible & Income Fund II 5.50% CUM PRF SHS SER A