# Portfolio overlap — IOBZX vs VRP Comparing **ICON FLEXIBLE BOND FUND** (2026-03-31) and **Invesco Variable Rate Preferred ETF** (2026-02-28). - Shared positions: 33 - ICON FLEXIBLE BOND FUND covered by Invesco Variable Rate Preferred ETF: 0.09410268988826096137507297701 - Invesco Variable Rate Preferred ETF covered by ICON FLEXIBLE BOND FUND: 0.09410268988826096137507297702 ## 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 | ✓ | ## Invesco Variable Rate Preferred ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Invesco Private Prime Fund | 0.057162 | | | Invesco Private Government Fund | 0.022015 | | | Wells Fargo & Co., Series BB | 0.012233 | | | Bank of America Corp. | 0.010924 | | | JPMorgan Chase & Co., Series OO | 0.010912 | | | C V6.875 PERP GG | 0.009613 | | | Citigroup, Inc. 7.875% 10/30/40 | 0.009285 | | | JPMorgan Chase & Co., Series NN | 0.009236 | | | C V6.625 PERP | 0.009015 | | | BANK OF AMERICA CORP REGD V/R /PERP/ 6.25000000 | 0.008970 | | | BPLN V4.875 PERP | 0.008697 | | | Goldman Sachs Group, Inc. (The), Series X | 0.008357 | | | CVS Health Corp. | 0.008258 | | | Bank of America Corp., Series FF | 0.008067 | | | Vodafone Group Public Limited Company | 0.007392 | | | SCHW V4 PERP H | 0.007342 | | | Wells Fargo & Co. | 0.007339 | ✓ | | The Goldman Sachs Group, Inc. | 0.007192 | | | C V6.95 PERP FF | 0.007173 | ✓ | | SCHW V4 PERP I | 0.007149 | | | Bank of America Corp., Series TT | 0.007075 | | | JPM V3.65 PERP KK | 0.006952 | | | GS V6.85 PERP | 0.006924 | | | SOUTHERN CO | 0.006570 | | | Wells Fargo & Co. | 0.006423 | | | C V7.125 PERP CC | 0.006293 | ✓ | | Truist Financial Corp., Series N | 0.005976 | ✓ | | Bank of America Corp., Series RR | 0.005783 | | | Goldman Sachs Group, Inc. (The), Series W | 0.005556 | | | AXP 3.55 PERP | 0.005551 | | | Citigroup Inc., Series AA | 0.005540 | | | Citigroup Inc., Series DD | 0.005491 | | | STT V6.7 PERP I | 0.005482 | | | NextEra Energy Capital Holdings, Inc. | 0.005430 | | | The PNC Financial Services Group, Inc. | 0.005422 | | | PG&E CORP SUB (H) 7.375% 03-15-55/30 | 0.005416 | | | C V6.75 PERP EE | 0.005329 | ✓ | | Transcanada Trust Variable Rate, Due 03/15/2077 | 0.005272 | | | JPMorgan Chase & Co., Series II | 0.005257 | | | C V6.25 PERP T | 0.005252 | | | AMER ELEC PWR | 0.005251 | | | AMER ELEC PWR | 0.005249 | ✓ | | USB V3.7 PERP | 0.005188 | | | The PNC Financial Services Group, Inc. | 0.005175 | ✓ | | DOMINION ENERGY | 0.005136 | | | ENBRIDGE INC SUBORDINATED 01/84 VAR | 0.005032 | | | BP CAPITAL PLC | 0.004834 | | | DOMINION ENERGY | 0.004709 | | | ALLY FINL. INC F2V | 0.004699 | | | Bell Canada | 0.004593 | | ## Sources - N-PORT (fund A) — accession `0002000324-26-002237` (as of 2026-03-31) - N-PORT (fund B) — accession `0001378872-26-000857` (as of 2026-02-28) --- _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 _