# Portfolio overlap — IOBZX vs PREF Comparing **ICON FLEXIBLE BOND FUND** (2026-03-31) and **Principal Spectrum Preferred Securities Active ETF** (2026-03-31). - Shared positions: 19 - ICON FLEXIBLE BOND FUND covered by Principal Spectrum Preferred Securities Active ETF: 0.08224417345832092726628850656 - Principal Spectrum Preferred Securities Active ETF covered by ICON FLEXIBLE BOND FUND: 0.08224417345832092726628850656 ## 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 | ✓ | ## 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 `0002000324-26-002237` (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 _