Instuitional Investor - Delphi Financial Group, Inc.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Janus Henderson Aaa Clo Etf		846,695	$42,969,771	30.29%
2.	Energy Transfer Lp	ET	1,421,945	$25,779,863	18.18%
3.	Taiwan Semiconductor Mfg Co Ltd	TSM	47,830	$10,833,017	7.64%
4.	Ellington Financial Inc.	EFC	721,757	$9,375,623	6.61%
5.	Ishares Trust	IEF	233,510	$8,583,828	6.05%