PFFA 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: 99.44% at a quoted market price (level 1), 4 issuer countries.

PFFA's largest investment is Flagstar Bank NA Depositary Shares, Each Representing A 1/40th Interest IN A Share OF Wfixed-to-floating Rate Series A Noncumulative Perpetual Preferr at 2.47% of net assets. Energy Transfer LP 9.250% Series I Fixed Rate Perpetual Preferred Units and First Citizens Bancshares Inc Depositary Shares, Each Representing A 1/40th Interest IN A Share OF 6.625% Non-cumulative Perpetual Preferred Stock SER follow; the three together are 7.28%. Ten companies are 17.81% of the fund; the other 186 share the rest. Among the 6 preferred funds measured here, PFFA behaves like 100.9 holdings against a median of 104.1 — close to the median. Across 27 quarterly filings PFFA has become less concentrated: it behaved like 56.1 at 2019-10-31 and 99.8 at 2026-04-30. Between the 2026-01-30 and 2026-04-30 filings 14 positions were added and 8 dropped; 7.7% 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 2019-10-31 and 2026-04-30, PFFA went from behaving like 56.1 equally weighted positions to 99.8 — 78% more, while its top ten went from 29.98% to 17.86% 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 196 positions in PFFA's Form N-PORT, weight as a share of net assets, securities-lending collateral excluded. Every position, every quarter: PFFA.csv.gz.

Share of PFFA'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 PFFA's own filings, 81 months on record. Not computed here and not from a price feed.

Cross-checked against a series computed separately from prices: median difference 0.41 percentage points over 81 months, which is roughly the distributions. Every month with the filing it came from: PFFA.json · all funds.

193 positions became 199: 14 added (4.2% of the fund at the later date), 8 dropped (0.6% at the earlier date). Half the sum of all weight changes, a turnover proxy: 7.7%. Positions are matched on identifiers, so a security whose identifier changed shows as one drop and one add. Every filing of PFFA compared this way, as a feed: changes.xml · all funds: filings received.

New: ORACLE CORP (1.22%), FIRST HORIZON CORP (0.75%), NEXTERA ENERGY CAPITAL HOLDINGS INC (0.69%), CION INVESTMENT CORP (0.46%), RBC BlueBay US Government Money Market Fund (0.28%), GOLDMAN SACHS FIN GOV 465 (0.28%). Gone: ELLINGTON FINANCIAL (0.53%), SCE TRUST V (0.04%), REGIONS FINANCIAL CORP (0.02%), GLADSTONE INVESTMENT COR (0.02%), EAGLE PT INCOME CO INC (0.02%), ARMADA HOFFLER PROPERTIE (0.01%).

99.4% of PFFA is carried at a quoted market price (fair-value level 1). Categories and levels are the filer's, from Form N-PORT; 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 PFFA (100.9). Same filings, same arithmetic. Position in this list says nothing about which fund is better.