The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Expires: July 31, 2015
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
CENCORA INC COM 03073E105 1,952,240 6,521 SH DFND 1 6,521 0 0
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839 19,730,176 1,050,017 SH DFND 1 1,050,017 0 0
BANK AMERICA CORP COM 060505104 38,830,116 821,881 SH DFND 1 821,881 0 0
CARLYLE GROUP INC COM 14316J108 20,161,744 392,871 SH DFND 1 392,871 0 0
CITIGROUP INC COM NEW 172967424 52,070,490 612,696 SH DFND 1 612,696 0 0
CITIZENS FINL GROUP INC COM 174610105 50,000,933 1,119,103 SH DFND 1 1,119,103 0 0
CLEAN HARBORS INC COM 184496107 472,941 2,049 SH DFND 1 2,049 0 0
COMERICA INC COM 200340107 7,459,209 125,247 SH DFND 1 125,247 0 0
COREBRIDGE FINL INC COM 21871X109 37,575,409 1,060,133 SH DFND 1 1,060,133 0 0
CORE & MAIN INC CL A 21874C102 318,688 5,289 SH DFND 1 5,289 0 0
DYNEX CAP INC COM 26817Q886 12,037,654 986,633 SH DFND 1 986,633 0 0
EQUITABLE HLDGS INC COM 29452E101 31,028,850 553,972 SH DFND 1 553,972 0 0
FIRST HORIZON CORPORATION COM 320517105 45,468,562 2,147,478 SH DFND 1 2,147,478 0 0
GENENTA SCIENCE S P A SPONSORED ADS 36870W100 309,511 100,000 SH DFND 1 100,000 0 0
GLOBAL PMTS INC COM 37940X102 11,233,970 140,576 SH DFND 1 140,576 0 0
GRAINGER W W INC COM 384802104 667,820 643 SH DFND 1 643 0 0
HUBBELL INC COM 443510607 647,125 1,587 SH DFND 1 1,587 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 1,242,990 2,291 SH DFND 1 2,291 0 0
KEYCORP COM 493267108 24,160,733 1,389,143 SH DFND 1 1,389,143 0 0
LINCOLN NATL CORP IND COM 534187109 52,134,296 1,509,150 SH DFND 1 1,509,150 0 0
M & T BK CORP COM 55261F104 7,457,038 38,501 SH DFND 1 38,501 0 0
METLIFE INC COM 59156R108 32,904,980 409,810 SH DFND 1 409,810 0 0
MICROSOFT CORP COM 594918104 1,344,863 2,708 SH DFND 1 2,708 0 0
NCINO INC COM 63947X101 9,143,253 327,411 SH DFND 1 327,411 0 0
PG&E CORP PFD CONV SER A 69331C306 13,702,371 365,000 SH DFND 1 365,000 0 0
PROSPERITY BANCSHARES INC COM 743606105 16,316,774 232,667 SH DFND 1 232,667 0 0
REPUBLIC SVCS INC COM 760759100 1,827,455 7,422 SH DFND 1 7,422 0 0
SOUTHSTATE CORPORATION COM 840441109 6,572,807 71,533 SH DFND 1 71,533 0 0
STIFEL FINL CORP COM 860630102 10,773,520 103,975 SH DFND 1 103,975 0 0
STRYKER CORPORATION COM 863667101 1,138,804 2,883 SH DFND 1 2,883 0 0
SYNOPSYS INC COM 871607107 535,930 1,047 SH DFND 1 1,047 0 0
SYNOVUS FINL CORP COM NEW 87161C501 11,818,691 228,741 SH DFND 1 228,741 0 0
UNUM GROUP COM 91529Y106 16,046,637 199,009 SH DFND 1 199,009 0 0
VISA INC COM CL A 92826C839 1,603,715 4,524 SH DFND 1 4,524 0 0
VOYA FINANCIAL INC COM 929089100 35,975,642 507,499 SH DFND 1 507,499 0 0
WASTE MGMT INC DEL COM 94106L109 1,593,961 6,977 SH DFND 1 6,977 0 0
WEBSTER FINL CORP COM 947890109 21,359,765 391,822 SH DFND 1 391,822 0 0
XYLEM INC COM 98419M100 837,836 6,487 SH DFND 1 6,487 0 0
ALIBABA GROUP HLDG LTD NOTE0.500% 6/0 01609WBG6 17,371,691 16,000,000 SH DFND 1 16,000,000 0 0
AMERICAN WTR CAP CORP NOTE3.625% 6/1 03040WBE4 7,617,827 8,900,000 SH DFND 1 8,900,000 0 0
HERBALIFE LTD NOTE4.250% 6/1 42703MAF0 1,556,860 2,000,000 SH DFND 1 2,000,000 0 0
SPECTRUM BRANDS INC NOTE3.375% 6/0 84762LAZ8 9,253,119 11,950,000 SH DFND 1 11,950,000 0 0