# Portfolio overlap — PREF vs PCSFX Comparing **Principal Spectrum Preferred Securities Active ETF** (2026-03-31) and **Capital Securities Fund** (2026-02-28). - Shared positions: 101 - Principal Spectrum Preferred Securities Active ETF covered by Capital Securities Fund: 0.4643061487836030051129730393 - Capital Securities Fund covered by Principal Spectrum Preferred Securities Active ETF: 0.4643061487836030051129730392 ## 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 | | ## Capital Securities Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | USB V3.7 PERP | 0.029802 | ✓ | | BNS 6 7/8 10/27/2085 | 0.025273 | ✓ | | Principal Government Money Market Fund - Class R-6 | 0.024651 | | | Goldman Sachs Group, Inc. (The), Series X | 0.023739 | ✓ | | Royal Bank of Canada | 0.023099 | ✓ | | NWG 4.6 PERP | 0.017387 | | | Bank of America Corp. | 0.015745 | ✓ | | TORONTO DOM BANK | 0.015411 | ✓ | | Huntington Bancshares, Inc. Series G, 4.450%, to 10/15/2027 | 0.015254 | ✓ | | UBS V9.25 PERP 144A | 0.014556 | | | The PNC Financial Services Group, Inc. | 0.014521 | ✓ | | BARCLAYS PLC REGD V/R /PERP/ 7.62500000 | 0.014206 | | | METLIFE INC JR SUBORDINA 144A 04/68 9.25 | 0.014055 | ✓ | | TRANSCANADA TRUST REGD V/R 5.50000000 | 0.013106 | ✓ | | Citigroup Inc., Series DD | 0.012650 | ✓ | | CORPBOND | 0.012362 | ✓ | | Standard Chartered PLC | 0.012327 | | | Energy Transfer L.P. | 0.012017 | ✓ | | Wells Fargo & Co. | 0.011839 | ✓ | | State Street Corp., Series J | 0.011785 | ✓ | | C V6.875 PERP GG | 0.011698 | ✓ | | ENBRIDGE INC SUBORDINATED 03/78 VAR | 0.011625 | | | JPMorgan Chase & Co., Series OO | 0.011408 | ✓ | | JPMorgan Chase & Co., Series NN | 0.011119 | ✓ | | Bank of America Corp., Series TT | 0.010829 | ✓ | | BBVASM V7.75 PERP | 0.010801 | | | VOYA FINANCIAL | 0.010767 | | | Zurich Finance Ireland Designated Activity Co. | 0.010621 | ✓ | | Wells Fargo & Co. | 0.010616 | ✓ | | Banco Bilbao Vizcaya Argentaria S.A. | 0.009821 | | | Nippon Life Insurance Co. | 0.009809 | ✓ | | CANADIAN IMPERIAL BANK OF COMM JR SUBORDINA 10/85 VAR | 0.009463 | ✓ | | UBS GROUP AG REGD V/R /PERP/ 144A P/P 4.87500000 | 0.009296 | | | Bank of Montreal | 0.008607 | ✓ | | HUNTINGTON BANCSHARES JR SUBORDINA 12/99 VAR | 0.008514 | ✓ | | Electricite de France SA | 0.008389 | | | ENTERPRISE PRODU | 0.008240 | ✓ | | MTB V3.5 PERP | 0.008200 | ✓ | | Societe Generale SA (pfd) 10.00% 05/14/2174 Perpetual | 0.008014 | | | Deutsche Bank AG, Series USTR | 0.007796 | | | STANDARD CHARTERED PLC 144A 7.014000% MATURITY: PERPETUAL | 0.007774 | | | PRUDENTIAL FIN | 0.007721 | ✓ | | TRANSCANADA TRUST REGD V/R 5.60000000 | 0.007608 | ✓ | | LIBMUT V4.125 12/15/51 144A | 0.007515 | ✓ | | STT V6.7 PERP I | 0.007493 | ✓ | | LIBMUT 7.8 03/15/37 | 0.007329 | | | Dairy Farmers of America Inc | 0.007278 | | | RY 6.35 11/24/2084 | 0.007191 | ✓ | | Bank of Nova Scotia (The) | 0.007020 | ✓ | | FARM CREDIT BK OF TEXAS JR SUBORDINA 12/99 VAR | 0.006968 | ✓ | ## Sources - N-PORT (fund A) — accession `0001410368-26-043492` (as of 2026-03-31) - N-PORT (fund B) — accession `0000898745-26-000544` (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 _