# Portfolio overlap — FFBAX vs PREF Comparing **First Foundation Fixed Income Fund** (2026-03-31) and **Principal Spectrum Preferred Securities Active ETF** (2026-03-31). - Shared positions: 7 - First Foundation Fixed Income Fund covered by Principal Spectrum Preferred Securities Active ETF: 0.05063080063398392966620680465 - Principal Spectrum Preferred Securities Active ETF covered by First Foundation Fixed Income Fund: 0.05063080063398392966620680465 ## First Foundation Fixed Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-150 DC | 0.047651 | | | FEDERAL HOME LOAN MORTGAGE CORP MTN 1.540000% 08/17/2035 | 0.029907 | | | INTEL CORP | 0.028554 | | | FREDDIE MAC REMICS FHR 5253 PL | 0.027927 | | | FANNIE MAE REMICS FNR 2012-98 WZ | 0.026565 | | | ARBOR REALTY TRUST INC 4.500000% 03/15/2027 | 0.025917 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2024-45 DB | 0.023383 | | | US TREASURY N/B | 0.023283 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-1 AL | 0.022618 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2012-100 BA | 0.022480 | | | LINCOLN NATIONAL CORP VARIABLE RATE 05/17/2066 | 0.022323 | | | ENBRIDGE INC SUBORDINATED 01/84 VAR | 0.021887 | ✓ | | HUMANA INC | 0.021328 | | | LNC F 04/20/67 * | 0.020030 | | | DOMINION ENERGY | 0.020022 | ✓ | | NEVADA POWER CO | 0.019447 | | | SBIC 2023-10B 1 | 0.017538 | | | FANNIE MAE REMICS FNR 2015-45 ZY | 0.017287 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2023-111 ML | 0.015779 | | | FEDERAL FARM CREDIT BANK 4.550000% 02/17/2033 | 0.015364 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2020-8 AH | 0.014712 | | | RE 0 05/15/37 | 0.014577 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2022-146 PA | 0.013239 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2018-68 B | 0.013169 | | | FEDERAL FARM CREDIT BANK 1.875000% 02/11/2036 | 0.012190 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2020-3 AH | 0.011933 | | | BOOZ ALLEN HAMILTON INC REGD 5.95000000 | 0.011768 | | | LYB INT FIN III | 0.011602 | | | CVS HEALTH CORP | 0.011559 | | | DENTSPLY SIRONA Inc. | 0.011399 | | | US TREASURY N/B | 0.010978 | | | FEDERAL HOME LOAN MORTGAGE CORP MTN 2.000000% 10/29/2040 | 0.010806 | | | Bank of Hawaii Corp PREFERRED STOCK | 0.010372 | | | FANNIE MAE REMICS FNR 2023-70 B | 0.010266 | | | GOVERNMENT NATIONAL MORTGAGE ASSOCIATION GNR 2019-55 AH | 0.009355 | | | MODESTO CA IRR DIST FING AUTH MODESTO IRRIGATION DISTRICT | 0.008863 | | | UNITED STATES SMALL BUSINESS ADMINISTRATION SBAP 2018-20H 1 | 0.008755 | | | CTO RLTY GROWTH INC NEW PREFERRED STOCK | 0.008650 | | | Energy Transfer L.P. | 0.008150 | | | DUKE ENERGY COR | 0.008036 | ✓ | | AMER ELEC PWR | 0.008032 | ✓ | | Citigroup Inc., Series DD | 0.008009 | ✓ | | LPL HOLDINGS INC | 0.007937 | | | The PNC Financial Services Group, Inc. | 0.007850 | ✓ | | HUMANA INC | 0.007695 | | | ORACLE CORP | 0.007438 | | | ORACLE CORP | 0.007428 | | | GINNIE MAE II POOL G2 CD1323 | 0.007401 | | | RIVERNRTH/DOUBLELNE STR OPP MUTUAL FUND | 0.007322 | | | FANNIE MAE POOL FN AB9550 | 0.007107 | | ## Principal Spectrum Preferred Securities Active ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Principal Government Money Market Fund | 0.030503 | | | METLIFE INC | 0.028522 | | | Bank of Nova Scotia (The) | 0.025213 | | | BANK OF AMERICA CORP REGD V/R /PERP/ 6.25000000 | 0.025133 | | | TORONTO DOM BANK | 0.024877 | | | JPMorgan Chase & Co., Series OO | 0.023692 | | | The PNC Financial Services Group, Inc. | 0.019972 | ✓ | | Bank of America Corp. | 0.018606 | | | ENBRIDGE INC SUBORDINATED 01/84 VAR | 0.018074 | ✓ | | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | 0.016516 | | | Wells Fargo & Co. | 0.014954 | | | Bank of Montreal | 0.014732 | | | Energy Transfer L.P. | 0.014147 | | | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | 0.013774 | | | Goldman Sachs Group, Inc. (The), Series X | 0.013753 | | | MTB V3.5 PERP | 0.013260 | | | PRUDENTIAL FIN | 0.013253 | | | Royal Bank of Canada | 0.013028 | | | The Goldman Sachs Group, Inc. | 0.012952 | | | NEXTERA ENERGY | 0.012156 | | | MYLIFE V6.1 06/11/55 144A | 0.012097 | | | CM V6.95 01/28/85 | 0.012089 | | | DUKE ENERGY COR | 0.011273 | | | USB V3.7 PERP | 0.011181 | | | TRANSCANADA TRUST REGD V/R 5.60000000 | 0.011125 | | | Citigroup Inc., Series DD | 0.010957 | ✓ | | Wells Fargo & Co. | 0.010863 | | | ELECTRICITE DE FRANCE T5Y+NA PERP 144A | 0.010654 | | | C V6.75 PERP EE | 0.010572 | | | Voya Financial, Inc., Series A | 0.010416 | | | LIBMUT V4.125 12/15/51 144A | 0.010249 | | | PNC FINANCIAL SERVICES JR SUBORDINA 12/99 VAR | 0.010209 | | | AMER ELEC PWR | 0.009873 | | | COF V3.95 PERP M | 0.009756 | | | Dai-ichi Life Insurance Co., Ltd. (The) | 0.009357 | | | RY 6.35 11/24/2084 | 0.009226 | | | CORPBOND | 0.009123 | | | Royal Bank of Canada | 0.009108 | | | BMO V6.875 11/26/85 6 | 0.009045 | | | TORONTO-DOMINION BANK/THE JR SUBORDINA 07/84 VAR | 0.008744 | | | CANADIAN IMPERIAL BANK OF COMM JR SUBORDINA 10/85 VAR | 0.008707 | | | METLIFE INC JR SUBORDINA 144A 04/68 9.25 | 0.008307 | | | NIPPON LIFE INSURANCE SUBORDINATED 144A 01/51 VAR | 0.008188 | | | DOMINION ENERGY | 0.007955 | | | C V7.375 PERP Z | 0.007929 | | | Truist Financial Corp., Series N | 0.007809 | | | State Street Corp., Series J | 0.007779 | | | REINSURANCE GRP | 0.007440 | | | ALLIANT ENERGY | 0.007261 | | | BP Capital Markets PLC | 0.006926 | | ## Sources - N-PORT (fund A) — accession `0002048251-26-004391` (as of 2026-03-31) - N-PORT (fund B) — accession `0001410368-26-043492` (as of 2026-03-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _