Key stats
About First Trust Preferred Securities and Income ETF
Expense ratio
0.85%
Home page
Inception date
Feb 11, 2013
ISIN
US33739E1082
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
Stocks38.57%
Finance32.49%
Utilities1.78%
Consumer Non-Durables1.59%
Communications1.40%
Industrial Services0.76%
Consumer Durables0.38%
Commercial Services0.18%
Bonds, Cash & Other61.43%
Corporate57.31%
Cash0.97%
Rights & Warrants0.83%
Miscellaneous0.80%
Mutual fund0.67%
ETF0.59%
Structured0.24%
Government0.02%