# Portfolio overlap — PPSIX vs FPE Comparing **Spectrum Preferred and Capital Securities Income Fund** (2026-02-28) and **First Trust Preferred Securities and Income ETF** (2026-04-30). - Shared positions: 124 - Spectrum Preferred and Capital Securities Income Fund covered by First Trust Preferred Securities and Income ETF: 0.3045542084490911559429983472 - First Trust Preferred Securities and Income ETF covered by Spectrum Preferred and Capital Securities Income Fund: 0.3045542084490911559429983475 ## Spectrum Preferred and Capital Securities Income Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | The PNC Financial Services Group, Inc. | 0.022120 | ✓ | | Principal Government Money Market Fund - Class R-6 | 0.019405 | | | BANK OF AMERICA CORP REGD V/R /PERP/ 6.25000000 | 0.017035 | | | LIBMUT 7.8 03/15/37 | 0.016968 | | | ING GROEP NV JR SUBORDINA 12/99 VAR | 0.016176 | ✓ | | BARCLAYS PLC REGD V/R /PERP/ 9.62500000 | 0.015551 | ✓ | | NWG 8 1/8 PERP | 0.014518 | ✓ | | Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/2027 | 0.013971 | | | METLIFE INC | 0.013670 | | | C V6.625 PERP | 0.013666 | ✓ | | METLIFE INC JR SUBORDINA 144A 04/68 9.25 | 0.012562 | | | CREDIT AGRICOLE SA F2V | 0.012470 | ✓ | | Wells Fargo & Co. | 0.011749 | ✓ | | ENBRIDGE INC SUBORDINATED 07/80 VAR | 0.011576 | | | BNS 6 7/8 10/27/2085 | 0.010949 | ✓ | | STT V6.7 PERP I | 0.010491 | ✓ | | GS V6.85 PERP | 0.010361 | ✓ | | State Street Corp., Series J | 0.010347 | ✓ | | JPMorgan Chase & Co., Series NN | 0.010341 | ✓ | | BNP V7.75 PERP 144A | 0.010225 | ✓ | | JPMorgan Chase & Co., Series OO | 0.010102 | | | Bank of America Corp. | 0.009775 | ✓ | | Wells Fargo & Co. | 0.009656 | ✓ | | Royal Bank of Canada | 0.009634 | | | BBVASM V7.75 PERP | 0.009282 | ✓ | | SANTAN 9 5/8 PERP | 0.009035 | ✓ | | BANCO SANTANDER SA REGD V/R /PERP/ SER * 9.62500000 | 0.008961 | ✓ | | Royal Bank of Canada | 0.008946 | ✓ | | Sumitomo Life Insurance Co. | 0.008920 | | | Banco Bilbao Vizcaya Argentaria S.A. | 0.008817 | ✓ | | RY 6.35 11/24/2084 | 0.008668 | | | Nordea Bank Abp | 0.008499 | | | UBS V9.25 PERP 144A | 0.008313 | | | CORPBOND | 0.008147 | | | SCGAU 5 1/8 09/24/2080 | 0.008102 | | | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | 0.007976 | ✓ | | Bank of Nova Scotia (The) | 0.007920 | ✓ | | Bank of Montreal | 0.007691 | ✓ | | Citigroup Inc., Series DD | 0.007668 | ✓ | | Argentum Netherlands BV for Swiss Re Ltd. | 0.007520 | | | Invesco Preferred ETF | 0.007515 | | | DOMINION ENERGY | 0.007100 | ✓ | | MTB V3.5 PERP | 0.007047 | | | Truist Financial Corp. Series Q Perpetual, 5.10%, 03/01/2030 | 0.006976 | | | STANLN 7 3/4 PERP | 0.006974 | | | BNP PARIBAS SA JR SUBORDINA 144A 12/99 VAR | 0.006861 | ✓ | | ENBRIDGE INC SUBORDINATED 03/78 VAR | 0.006828 | | | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | 0.006630 | | | CITIZENS FINANCIAL GROUP JR SUBORDINA 12/99 VAR | 0.006556 | | | Societe Generale SA (pfd) 10.00% 05/14/2174 Perpetual | 0.006383 | ✓ | ## First Trust Preferred Securities and Income ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | Bank of America Corp. | 0.025555 | ✓ | | Wells Fargo & Co., Series L, Conv. Pfd. | 0.020948 | ✓ | | BARCLAYS PLC REGD V/R /PERP/ 8.00000000 | 0.016744 | ✓ | | NextEra Energy Capital Holdings, Inc., Series U, Pfd. | 0.014147 | ✓ | | JPMorgan Chase & Co., Series NN | 0.013656 | ✓ | | XEL 6 1/4 | 0.012677 | ✓ | | CREDIT AGRICOLE SA F2V | 0.012436 | ✓ | | C V6.625 PERP | 0.012163 | ✓ | | BNP V7.2 PERP 144A | 0.011479 | | | T-MOBILE USA INC PREFERRED STOCK 03/70 5.5 | 0.011023 | | | COREBRIDGE FINANCIAL INC PREFERRED STOCK 12/64 6.375 | 0.010951 | ✓ | | SCHW V4 PERP H | 0.010857 | ✓ | | HIG F 02/12/47 ICON | 0.010689 | | | Goldman Sachs Group, Inc. (The), Series X | 0.010535 | ✓ | | Bank of Montreal | 0.010190 | ✓ | | DTE Energy Co., Series H, Pfd. | 0.010186 | ✓ | | American AgCredit Corp | 0.010130 | | | AEGON Funding Company, LLC, 5.100% | 0.009862 | | | ESGR 7 PERP | 0.009629 | | | BNP Paribas SA (pfd) 8.50% 02/14/2174 Perpetual | 0.009592 | ✓ | | SANTAN 9 5/8 PERP | 0.009584 | ✓ | | F&G Annuities & Life Inc PREFERRED STOCK | 0.009561 | | | ING GROEP NV JR SUBORDINA 12/99 VAR | 0.009537 | ✓ | | Bell Canada | 0.009428 | | | RY V6.75 08/24/85 | 0.009412 | ✓ | | DOMINION ENERGY | 0.009003 | ✓ | | AMER ELEC PWR | 0.008747 | ✓ | | T-MOBILE USA INC PREFERRED STOCK 06/70 5.5 | 0.008596 | | | LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR | 0.008511 | ✓ | | HSBC HOLDINGS PLC JR SUBORDINA 12/99 VAR | 0.007986 | ✓ | | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | 0.007574 | ✓ | | Bank of Nova Scotia (The) | 0.007452 | ✓ | | Credit Agricole SA | 0.007341 | | | CANADIAN IMPERIAL BANK OF COMM JR SUBORDINA 10/85 VAR | 0.007203 | ✓ | | TORONTO DOM BANK | 0.007191 | ✓ | | F&G Annuities & Life Inc PREFERRED STOCK | 0.007075 | | | Aspen Insurance Holdings Ltd. | 0.007035 | | | ATHENE HOLDINGS 7.25%/VAR PFD 03/30/2064 | 0.006980 | | | HSBC Holdings PLC Floating rate, Due 12/31/2049 | 0.006857 | | | NWG 8 1/8 PERP | 0.006696 | ✓ | | ING Groep NV | 0.006610 | | | Mitsubishi UFJ Financial Group, Inc. | 0.006495 | | | GLOBAL ATLANTIC FIN CO REGD V/R 144A P/P 7.25000000 | 0.006446 | | | The PNC Financial Services Group, Inc. | 0.006424 | ✓ | | DOMINION ENERGY | 0.006416 | ✓ | | Ares Finance Company III, LLC 4.125%, Fixed until 06/30/2026 | 0.006408 | | | LAND O LAKES INC JR SUBORDINA 144A 12/99 7 | 0.006317 | | | BBVA MEXICO SA INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO BBVA MEXICO/TX | 0.006239 | | | BNS V7.35 04/27/85 | 0.006228 | ✓ | | Wells Fargo & Co. | 0.006166 | | ## Sources - N-PORT (fund A) — accession `0000898745-26-000539` (as of 2026-02-28) - N-PORT (fund B) — accession `0000940400-26-024906` (as of 2026-04-30) --- _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 _