# Portfolio overlap — PRFCX vs PREF Comparing **Spectrum Preferred and Capital Securities Income Fund** (2026-02-28) and **Principal Spectrum Preferred Securities Active ETF** (2026-03-31). - Shared positions: 107 - Spectrum Preferred and Capital Securities Income Fund covered by Principal Spectrum Preferred Securities Active ETF: 0.4104558921127319483533989677 - Principal Spectrum Preferred Securities Active ETF covered by Spectrum Preferred and Capital Securities Income Fund: 0.4104558921127319483533989679 ## 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 | | ## 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 `0000898745-26-000539` (as of 2026-02-28) - N-PORT (fund B) — accession `0001410368-26-043492` (as of 2026-03-31) --- _Informational only — not investment advice. 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