PFF holdings

Computed by this site from the fund's SEC Form N-PORT filing; what the measure does not tell you · every fund in one table · hold it with other funds? X-ray the mix. Pricing: 96.18% at a quoted market price (level 1), 5 issuer countries.

PFF's largest investment is Boeing Company (THE) 6% SER A DEP SHS Repstg 1/20th INT Mandatory Conv PFD at 3.93% of net assets. Strategy Inc Variable Rate Series A Perpetual Stretch Preferred Stock and Wells Fargo & Company 7.5% Non-cumulative Perpetual Convertible Class A Preferred Stock, Series L follow; the three together are 9.21%. Ten companies are 19.64% of the fund; the other 446 share the rest. Among the 6 preferred funds measured here, PFF behaves like 134.5 holdings against a median of 104.1 — close to the median. Across 28 quarterly filings PFF has become more concentrated: it behaved like 177.2 at 2019-09-30 and 134.5 at 2026-06-30. Between the 2026-03-31 and 2026-06-30 filings 10 positions were added and 10 dropped; 6.7% of the weight moved.

Each sentence is read from the fund's own SEC filing; the class median is computed across the comparable preferred funds on this site. Nothing here is a view on the fund.

Between 2019-09-30 and 2026-06-30, PFF went from behaving like 177.2 equally weighted positions to 134.5 — 24% fewer, while its top ten went from 14.53% to 19.64% of net assets. Read across the funds on the concentration-over-time table.

One row per filed reporting period, newest first, read from EDGAR. Quarterly because that is the public filing cadence. Rows marked * are published but held out of the comparison above; the methodology page says when and why.

The 15 largest of 456 positions in PFF's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: PFF.csv.gz.

Share of PFF's own investments by the issuer country the filer reported (incorporation, not revenue). Each country links to every fund that holds it.

Monthly total returns from Item B.5 of PFF's own filings, 84 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference 0.17 percentage points over 84 months, which is roughly the distributions. Every month with the filing it came from: PFF.json · all funds.

The fund lends its holdings, and Item B.4.a of the filing names every firm holding them. At 2026-06-30, $43m was out to 10 borrowers, 0.33% of net assets. The largest, MORGAN STANLEY & CO LLC, held 50.2% of it.

Cash collateral reported against the loan: 0.33% of net assets, 100.6% of the amount lent. That is a floor on the collateral, not the whole of it — collateral the fund does not hold as a position is not in this filing, so a figure under 100% is not evidence of under-collateralisation. How that figure behaves across all funds. Every quarter PFF has filed, with each borrower: PFF.json · all funds.

456 positions became 456: 10 added (3.2% of the fund at the later date), 10 dropped (1.3% at the earlier date). Half the sum of all weight changes, a turnover proxy: 6.7%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of PFF compared this way, as a feed: changes.xml · all funds: filings received.

New: NEXTERA ENERGY INC (1.12%), PPL CORP (0.57%), QWEST CORP (0.35%), NEXTERA ENERGY CAPITAL HOLDINGS INC (0.30%), QWEST CORP (0.24%), WHIRLPOOL CORP (0.21%). Gone: Qwest Corporation (0.39%), Qwest Corporation (0.27%), Reinsurance Group of America, Incorporated (0.21%), QVC, Inc. (0.11%), Gladstone Investment Corporation (0.07%), Crescent Capital BDC, Inc. (0.06%).

98.54% preferred equity, 1.45% short-term investment as filed; 96.2% carried at a quoted market price (fair-value level 1). Categories and levels are the filer's; what a low level-1 share does and does not mean is in the measure's page.

Every measured preferred equity fund lined up by how many holdings it behaves like; these sit either side of PFF (134.5). Same filings, same arithmetic. Position in this list says nothing about which fund is better.