# Portfolio overlap — IOBAX vs PRFD Comparing **ICON FLEXIBLE BOND FUND** (2026-03-31) and **PIMCO Preferred and Capital Securities Active Exchange-Traded Fund** (2026-03-31). - Shared positions: 14 - ICON FLEXIBLE BOND FUND covered by PIMCO Preferred and Capital Securities Active Exchange-Traded Fund: 0.06862650854731186883255109847 - PIMCO Preferred and Capital Securities Active Exchange-Traded Fund covered by ICON FLEXIBLE BOND FUND: 0.06862650854731186883255109848 ## ICON FLEXIBLE BOND FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | US ULTRA BOND CBT Sep25 | 0.030243 | ✓ | | Nuveen Floating Rate Income Fund COM | 0.026352 | | | STWD Ltd., Series 2021-FL2, Class D | 0.025889 | | | The PNC Financial Services Group, Inc. | 0.024107 | ✓ | | UMH Properties, Inc., 6.375%, Series D | 0.023077 | | | BXMT 2026-FL6 D | 0.020401 | | | LAFAYETE FEDERAL CREDIT UNION ASSET TRUST 2026-HI1 ABS 2048-02-25 USD | 0.019871 | | | BXMT Ltd. Series 2021-FL4, Class D | 0.019825 | | | FLX 2021-1A C | 0.018241 | | | FRST AM-GV OB-X | 0.017720 | | | Wells Fargo & Co., Series L, Conv. Pfd. | 0.017009 | | | Bank of America Corp., Series L, Conv. Pfd. | 0.016834 | | | FARM CREDIT BK OF TEXAS JR SUBORDINA 12/99 VAR | 0.015210 | ✓ | | NATIONWIDE FIN | 0.014174 | | | FITB V0 PERP J | 0.013656 | | | Summit Midstream Holdings, LLC | 0.013624 | | | BANK5 2024-5YR8 E | 0.013321 | | | AGNC INVESTMENT CORP | 0.012369 | | | BBCMS 2024-5C27 E | 0.012123 | | | JPMorgan Chase & Co., Series DD, Pfd. | 0.011796 | | | PacifiCorp | 0.011570 | ✓ | | CINCINNATI BELL TELEPHONE CO L SR SECURED 12/28 6.3 | 0.010957 | | | AL V4.125 PERP C | 0.010908 | | | Atrium Hotel Portfolio Trust 2024-ATRM | 0.010397 | | | FARM CREDIT BK OF TEXAS JR SUBORDINA 12/99 VAR | 0.010353 | ✓ | | BX Mortgage Trust, Series 2025-BIO3, Class D | 0.010194 | | | Nexpoint Real Estate Finance Inc | 0.010183 | | | KREF Ltd., Series 2021-FL2, Class D | 0.010144 | | | LOANCORE 2021 CRE6 ISSUER LTD | 0.010140 | | | NEXTERA ENERGY | 0.009836 | | | Charles Schwab Corp. (The), Series K | 0.009084 | | | VMC FINANCE LLC VMC 2021 FL4 C 144A | 0.008974 | | | GPMT 2021-FL4 E | 0.008910 | | | Goldman Sachs Group, Inc. (The), Series D, Pfd. | 0.008859 | ✓ | | MTB V3.5 PERP | 0.008719 | | | USRE 2021-1 B1 | 0.008672 | | | Horizon Mutual Holdings, Inc. | 0.008599 | | | GNW V0 11/15/36 | 0.008525 | | | GPMT 2021-FL3 D | 0.008368 | | | ENTERGY CORP | 0.008366 | | | COREBRIDGE FIN | 0.008227 | | | FTAI AVIATION INVESTORS REGD 144A P/P 5.50000000 | 0.008162 | | | ANDEAV 5.125 12/15/26 | 0.008140 | | | PHILLIPS 66 CO | 0.008040 | | | Benchmark 2024-V5 Mortgage Trust | 0.007918 | | | VISANT 8.375 12/01/31 144A | 0.007482 | | | MSBAM 2025-5C1 E | 0.007295 | | | STWD 2022 FL3 LTD | 0.007265 | | | Annaly Capital Management, Inc., Series G, Pfd. | 0.007215 | | | C V7.125 PERP CC | 0.007214 | | ## PIMCO Preferred and Capital Securities Active Exchange-Traded Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | US ULTRA BOND CBT Sep25 | 0.024280 | ✓ | | JPMorgan Chase & Co., Series OO | 0.018512 | | | Royal Bank of Canada | 0.017451 | | | Bank of America Corp., Series FF | 0.017168 | | | Wells Fargo & Co. | 0.016606 | ✓ | | C V6.95 PERP FF | 0.016158 | ✓ | | ENBRIDGE INC SUBORDINATED 07/80 VAR | 0.014079 | | | BARCLAYS PLC REGD V/R /PERP/ 8.00000000 | 0.012443 | | | BP CAPITAL PLC | 0.011981 | | | NWG 8 1/8 PERP | 0.011932 | | | Bank of America Corp. | 0.011810 | | | CM V6.95 01/28/85 | 0.011501 | | | METLIFE CAPITAL TRUST IV PFD 144A LIFE JR SUB (H) 7.875% 12-15-67/37 | 0.011380 | | | C V6.625 PERP | 0.011024 | | | Goldman Sachs Group, Inc. (The), Series X | 0.010434 | | | SANTAN 9 5/8 PERP | 0.010411 | | | ELECTRICITE DE FRANCE T5Y+NA PERP 144A | 0.009948 | | | Nippon Life Insurance Co. | 0.009838 | | | STT V6.7 PERP I | 0.009697 | | | BBVASM V8.125 01/08/39 144A | 0.009499 | | | SEMPRA | 0.009370 | | | NEXTERA ENERGY | 0.009337 | | | ET V7.125 PERP G | 0.009170 | | | COMMERZBANK AG JR SUBORDINA REGS 12/99 VAR | 0.009153 | | | TORONTO DOM BANK | 0.008933 | | | Citigroup Inc., Series DD | 0.008764 | | | TRANSCANADA TRUST REGD V/R 5.60000000 | 0.008526 | | | LIBMUT V4.125 12/15/51 144A | 0.008319 | | | Vodafone Group Public Limited Company | 0.008247 | | | DNB BANK ASA DNB BANK ASA | 0.008198 | | | LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR | 0.008065 | | | TRANSCANADA TRUST REGD V/R 5.50000000 | 0.007948 | | | COF V3.95 PERP M | 0.007895 | | | COMPEER FINANCIAL ACA REGD V/R /PERP/ 144A P/P SER QIB 7.87500000 | 0.007697 | | | PRUDENTIAL FIN | 0.007623 | | | BNS V7.35 04/27/85 | 0.007591 | ✓ | | SCHW V4 PERP H | 0.007589 | | | Credit Agricole SA | 0.007586 | | | BANCO MERCANTIL DE NORTE JR SUBORDINA REGS 12/99 VAR | 0.007532 | | | ING GROEP NV JR SUBORDINA 12/99 VAR | 0.007503 | | | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | 0.007391 | ✓ | | ING GROEP NV JR SUBORDINA REGS 12/49 VAR | 0.007390 | | | Bank of Montreal | 0.007205 | | | AXP 3.55 PERP | 0.006932 | | | DOMINION ENERGY | 0.006455 | | | SEMPRA | 0.006279 | | | UBS GROUP AG JR SUBORDINA REGS 12/99 VAR | 0.006206 | | | NEXTERA ENERGY | 0.006142 | | | CRBG V6.875 PERP | 0.006114 | ✓ | | DOMINION ENERGY | 0.006104 | | ## Sources - N-PORT (fund A) — accession `0002000324-26-002237` (as of 2026-03-31) - N-PORT (fund B) — accession `0001099263-26-007314` (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 _