# Portfolio overlap — QTPI vs PREF Comparing **North Square RCIM Tax-Advantaged Preferred and** (2026-02-28) and **Principal Spectrum Preferred Securities Active ETF** (2026-03-31). - Shared positions: 17 - North Square RCIM Tax-Advantaged Preferred and covered by Principal Spectrum Preferred Securities Active ETF: 0.1621604310019786371373317144 - Principal Spectrum Preferred Securities Active ETF covered by North Square RCIM Tax-Advantaged Preferred and: 0.1621604310019786371373317144 ## North Square RCIM Tax-Advantaged Preferred and — top positions | Security | Weight | Shared | |----------|--------|--------| | JPMorgan Chase & Co., Series NN | 0.031874 | ✓ | | Wells Fargo & Co. | 0.031438 | ✓ | | Citigroup Inc., Series AA | 0.031372 | | | The PNC Financial Services Group, Inc. | 0.030693 | ✓ | | Goldman Sachs Group, Inc. (The), Series W | 0.030676 | | | STT V6.7 PERP I | 0.030624 | ✓ | | TORONTO DOM BANK | 0.030604 | ✓ | | CANADIAN IMPERIAL BANK OF COMM JR SUBORDINA 10/85 VAR | 0.030411 | ✓ | | Royal Bank of Canada | 0.030248 | ✓ | | US Bancorp Variable Rate, Due 12/29/2049 | 0.030207 | ✓ | | COF V5.5 PERP O | 0.030129 | | | BP CAPITAL PLC | 0.030026 | ✓ | | Vistra Corp., Series C | 0.029944 | | | Transcanada Trust Variable Rate, Due 03/15/2077 | 0.029806 | | | Bank of Montreal | 0.029530 | ✓ | | BK 6.3 PERP | 0.029198 | | | Dominion Energy, Inc., Series C | 0.027685 | ✓ | | GM 6 1/2 PERP | 0.027545 | | | Bank of Nova Scotia (The) | 0.025629 | ✓ | | Truist Financial Corp. Series Q Perpetual, 5.10%, 03/01/2030 | 0.025249 | ✓ | | UBS V9.25 PERP 144a | 0.023775 | | | Bank of America Corp. | 0.021656 | ✓ | | Air Lease Corp., Series D | 0.021563 | | | ING Groep NV (pfd) 5.75% 11/16/2174 Perpetual | 0.021478 | | | HSBC Holdings PLC | 0.020923 | | | Banco Bilbao Vizcaya Argentaria S.A. | 0.020688 | | | Charles Schwab Corp. (The), Series K | 0.019622 | ✓ | | LLOYDS BANKING GROUP PLC JR SUBORDINA 12/99 VAR | 0.019372 | | | BANCO SANTANDER SA REGD V/R /PERP/ SER * 9.62500000 | 0.019070 | | | STANLN 7 3/4 PERP | 0.018550 | | | AT&T Inc., Series A, Pfd. | 0.016968 | | | NWG 8 1/8 PERP | 0.016889 | | | Citizens Financial Group, Inc., Series I, Pfd. | 0.015275 | | | Morgan Stanley, Series P, Pfd. | 0.014535 | | | Fifth Third Bancorp DEPOSITARY SHARES REPRESENTING A 1/40TH OWNERSHIP INTEREST IN A SHARE OF 6.875% FIXED-RATE RESET NON-CUMULATIVE PERPETUAL PREFERRE | 0.013950 | | | KEYCORP PREFERRED STOCK VAR | 0.013248 | | | M&T Bank Corp., Series J, Pfd. | 0.012823 | | | Bank of America Corp., Series DD | 0.012161 | | | Charles Schwab Corp. (The), Series D, Pfd. | 0.010155 | | | The Allstate Corporation DEPOSITARY SHARES EACH REPRESENTING A 1/1,000TH INTEREST IN A SHARE OF FIXED RATE NONCUMULATIVE PERPETUAL PREFERRED STOCK, SE | 0.009885 | | | Huntington Bancshares Inc., Series J, Pfd. | 0.008867 | | | Nordea Bank Abp (pfd) 6.63% 09/26/2174 Perpetual | 0.008574 | | | Synchrony Financial, Series B, Pfd. | 0.008061 | | | ELECTRICITE DE FRANCE T5Y+NA PERP 144A | 0.006786 | ✓ | | Capital One Financial Corp., Series I, Pfd. | 0.005950 | | | RF 6.95 PERP | 0.005908 | | | UMB FINANCIAL CORP PREFERRED STOCK VAR | 0.005903 | | | MORGAN STANLEY JR SUBORDINA VAR | 0.005033 | | | Truist Financial Corp., Series N | 0.004309 | ✓ | | FIRST CITIZENS FIXED 5.8% Due 12-31-2049 | 0.002915 | | ## 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 `0000910472-26-006212` (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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