PRFD vs FPEI

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund vs First Trust Institutional Preferred Securities and Income ETF

PIMCO Preferred And Capital Securities Active Exchange-Traded Fund

Annual cost

0.73%

Fund size

$212M

First Trust Institutional Preferred Securities and Income ETF

Annual cost

0.85%

Fund size

$1.9B

Key differences

PRFD costs 0.12% less per year.
FPEI is significantly larger than PRFD — larger funds tend to be more liquid and less likely to close.
PRFD is classified as fixed income, while FPEI is equity — different risk/return profiles.
Over the last 3 years, FPEI has delivered higher annualized returns.
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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