SPECTRUM ASSET MANAGEMENT, INC.

PrivateCIK: 1318293

Location

STAMFORD, CT

Positions

$69.63M

Total AUM (reported)

5.40M

Total Shares

Allocation by class

PFD ETF$53.69M77.1%

VAR RATE PFD$10.84M15.6%

PERP PFD CNV A$3.98M5.7%

7.25%CNV PFD L$1.13M1.6%

Portfolio Concentration

Top 3$68.50M98.4%

4–10$1.13M1.6%

Top 3 weight

98.4%

Top 10 weight

100.0%

Voting Authority Distribution

Total shares with voting rights: 5.40M

Sole

Full voting authority

5.40M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole4

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings4

Rows:

INVESCO EXCH TRADED FD TR II

SOLE

PFD ETF

Shares4.95M

TypeSH

Market value$53.69M

77.11%

Sole

4.95M

Shared

0.00

None

0.00

INVESCO EXCH TRADED FD TR II

SOLE

VAR RATE PFD

Shares445.78K

TypeSH

Market value$10.84M

15.56%

Sole

445.78K

Shared

0.00

None

0.00

WELLS FARGO & CO

SOLE

PERP PFD CNV A

Shares3.44K

TypeSH

Market value$3.98M

5.71%

Sole

3.44K

Shared

0.00

None

0.00

BANK OF AMER CORP

SOLE

7.25%CNV PFD L

Shares897.00

TypeSH

Market value$1.13M

1.62%

Sole

897.00

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
INVESCO EXCH TRADED FD TR IISOLE	PFD ETF	4.95M	SH	$53.69M 77.11%	4.95M
INVESCO EXCH TRADED FD TR IISOLE	VAR RATE PFD	445.78K	SH	$10.84M 15.56%	445.78K
WELLS FARGO & COSOLE	PERP PFD CNV A	3.44K	SH	$3.98M 5.71%	3.44K
BANK OF AMER CORPSOLE	7.25%CNV PFD L	897.00	SH	$1.13M 1.62%	897.00