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About First Trust Preferred Securities and Income ETF
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Inception date
Feb 11, 2013
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Corporate
Stocks37.74%
Finance30.91%
Communications2.12%
Utilities1.48%
Consumer Non-Durables1.37%
Consumer Durables0.61%
Energy Minerals0.56%
Industrial Services0.38%
Commercial Services0.18%
Distribution Services0.12%
Bonds, Cash & Other62.26%
Corporate58.85%
ETF1.27%
Miscellaneous0.90%
Cash0.50%
Rights & Warrants0.41%
Structured0.22%
Government0.11%
Top 10 holdings
Dividends
Dividend payout history