NPFI vs FPEI

Nuveen Preferred And Income ETF vs First Trust Institutional Preferred Securities and Income ETF

Nuveen Preferred And Income ETF

Annual cost

0.56%

Fund size

$154M

First Trust Institutional Preferred Securities and Income ETF

Annual cost

0.85%

Fund size

$1.9B

Key differences

NPFI costs 0.29% less per year.
FPEI is significantly larger than NPFI — larger funds tend to be more liquid and less likely to close.
NPFI is classified as fixed income, while FPEI is equity — different risk/return profiles.
FPEI has a longer track record, which may reduce uncertainty around long-term behavior.

FPE

First Trust Preferred Securities and Income ETF

PFF

iShares Preferred and Income Securities ETF

PGX

Invesco Preferred ETF

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