Key stats
About First Trust Preferred Securities and Income ETF
Expense ratio
0.85%
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Inception date
Feb 11, 2013
FPE invests in preferred stocks issued by US firms including foreign non-USD issues. The Fund may include issues from the financial, communications, consumer, government, utilities, energy, materials, industrial and technology sectors but may concentrate at least 25% to the financial sector. Securities are selected by combining a bottom-up individual security analysis and top-down sector analysis focusing on three significant areas: credit fundamentals, relative value, and technical factors like interest rate sensitivity, call features, maturities, and pricing inefficiencies. The fund carries a fair amount of interest rate risk due to its long average duration. FPE may also invest in REITs and up to 40% of the portfolio can be allocated in high-yielding bonds.
Classification
What's in the fund
Exposure type
Finance
Corporate
Stocks36.48%
Finance30.45%
Communications1.98%
Consumer Non-Durables1.57%
Utilities0.96%
Energy Minerals0.57%
Consumer Durables0.43%
Industrial Services0.39%
Distribution Services0.12%
Bonds, Cash & Other63.52%
Corporate60.22%
ETF1.29%
Miscellaneous0.93%
Rights & Warrants0.41%
Cash0.34%
Structured0.23%
Government0.11%
Displays a symbol's price movements over previous years to identify recurring trends.