PREF vs FPE

Principal Spectrum Preferred Securities Active ETF vs First Trust Preferred Securities and Income ETF

Principal Spectrum Preferred Securities Active ETF

Annual cost

0.55%

Fund size

$1.5B

First Trust Preferred Securities and Income ETF

Annual cost

0.83%

Fund size

$6.4B

Key differences

PREF costs 0.28% less per year.
FPE is significantly larger than PREF — larger funds tend to be more liquid and less likely to close.
PREF covers global markets; FPE covers north america.
PREF follows a active selection strategy; FPE uses index tracking.
Over the last 3 years, FPE has delivered higher annualized returns.

FPEI

First Trust Institutional Preferred Securities and Income ETF

PFF

iShares Preferred and Income Securities ETF

PGX

Invesco Preferred ETF

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