Shares
Market
Value
COMMON
STOCKS
—
81.4%
Automotive:
Parts
and
Accessories
—
3.0%
7,750
Aptiv
plc†
.................................................
$
1,278,362
Building
and
Construction
—
2.9%
8,000
Herc
Holdings
Inc.
....................................
1,252,400
Cable
and
Satellite
—
1.3%
9,000
Liberty
Media
Corp.
-
Liberty
Formula
One,
Cl. A†
...................................................
534,060
Computer
Software
and
Services
—
2.8%
415
Alphabet
Inc.,
Cl. C†
.................................
1,200,840
Consumer
Products
—
1.1%
10,000
Terminix
Global
Holdings
Inc.†
.................
452,300
Diversified
Industrial
—
0.9%
775
Roper
Technologies
Inc.
...........................
381,192
Energy
and
Utilities
—
19.8%
15,000
Atlantica
Sustainable
Infrastructure
plc
.....
536,400
135,000
Energy
Transfer
LP
...................................
1,111,050
100,000
Enterprise
Products
Partners
LP
...............
2,196,000
105,000
Kinder
Morgan
Inc.
...................................
1,665,300
35,000
NextEra
Energy
Partners
LP
......................
2,954,000
8,462,750
Entertainment
—
2.6%
175,000
Sirius
XM
Holdings
Inc.
............................
1,111,250
Financial
Services
—
13.1%
39,000
Apollo
Global
Management
Inc.
................
2,824,770
12,500
Morgan
Stanley
........................................
1,227,000
100,000
New
York
Community
Bancorp
Inc.
...........
1,221,000
1,650
PayPal
Holdings
Inc.†
...............................
311,157
5,583,927
Food
and
Beverage
—
8.6%
67,500
Maple
Leaf
Foods
Inc.
..............................
1,561,366
16,500
Mondelēz
International
Inc.,
Cl. A
..............
1,094,115
9,000
Post
Holdings
Inc.†
..................................
1,014,570
3,670,051
Health
Care
—
7.1%
14,000
AbbVie
Inc.
..............................................
1,895,600
40,000
Option
Care
Health
Inc.†
...........................
1,137,600
3,033,200
Real
Estate
Investment
Trusts
—
15.6%
50,000
Blackstone
Mortgage
Trust
Inc.,
Cl. A
........
1,531,000
8,000
Hannon
Armstrong
Sustainable
Infrastructure
Capital
Inc.
......................
424,960
30,000
Healthpeak
Properties
Inc.
........................
1,082,700
88,000
MGM
Growth
Properties
LLC,
Cl. A
...........
3,594,800
6,633,460
Telecommunications
—
2.6%
42,500
Lumen
Technologies
Inc.
..........................
533,375
Shares
Market
Value
5,000
T-Mobile
US
Inc.†
.....................................
$
579,900
1,113,275
TOTAL
COMMON
STOCKS
..................
34,707,067
PREFERRED
STOCKS
—
15.9%
Diversified
Industrial
—
3.7%
17,704
Babcock
&
Wilcox
Enterprises
Inc.,
8.125%,
02/28/26
.................................
465,615
45,000
Steel
Partners
Holdings
LP,
Ser.
A,
6.000%,
02/07/26
.................................
1,099,800
1,565,415
Energy
and
Utilities
—
4.4%
75,000
Energy
Transfer
LP,
Ser.
D,
7.625%
...........
1,880,250
Financial
Services
—
3.0%
39,113
Argo
Blockchain
plc,
Ser.
A,
8.750%,
11/30/26
...............................................
973,914
13,500
Greenidge
Generation
Holdings
Inc.,
8.500%,
10/31/26
.................................
321,300
1,295,214
Health
Care
—
0.7%
27,700
Ontrak
Inc.,
9.500%
.................................
291,681
Retail
—
4.1%
17,000
Qurate
Retail
Inc.,
8.000%,
03/15/31
........
1,754,740
TOTAL
PREFERRED
STOCKS
...............
6,787,300
MANDATORY
CONVERTIBLE
SECURITIES(a)
—
1.5%
Entertainment
—
1.5%
13,000
ViacomCBS
Inc.,
Ser.
A,
5.750%,
04/01/24
.................................
652,860
Principal
Amount
U.S.
GOVERNMENT
OBLIGATIONS
—
1.2%
$
515,000
U.S.
Treasury
Bills,
0.035%
to
0.060%††,
02/10/22
to
03/24/22
............................
514,960
TOTAL
INVESTMENTS
—
100.0%
(Cost
$27,746,879)
...............................
$
42,662,187
†
Non-income
producing
security.
(a)
Mandatory
convertible
securities
are
required
to
be
converted
on
the
dates
listed;
they
generally
may
be
converted
prior
to
these
dates
at
the
option
of
the
holder.
††
Represents
annualized
yields
at
dates
of
purchase.