FPEIFirst Trust Institutional Preferred Securities and Income ETF

Grow my money Get income8y track recordRanked #600 of 1,622 in this goal

Seeks total return and current income.

By First Trust · Launched 2017

Annual Cost

0.85%

#4,336 of 5,562 · expensive

Fund Size

$1.9B

#769 of 5,562 · large

Return (1Y)Goal

+8.2%

Track Record

8 years

#1,598 of 5,562 · established

Performance

Total-return NAV · USD

Growth of $10,000

$10,785+7.8%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 17.7% of fund✓ well diversified

BANK OF AMERICA CORP

3.0%

CREDIT AGRICOLE SA

1.9%

ENBRIDGE INC

1.8%

ING GROEP NV

1.8%

TORONTO-DOMINION BANK

1.7%

BANCO BILBAO VIZCAYA ARG

1.7%

CHARLES SCHWAB CORP

1.5%

BANK OF MONTREAL

1.5%

CITIGROUP INC

1.4%

EUSHI FINANCE INC

1.4%

Asset allocation

Bonds

69.2%

Preferred

27.7%

Convertible

2.3%

Cash

0.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

3.7%Low

Year-on-year price swings

Max drawdown

-27.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

1.59Strong risk-adjusted returns

Sortino (3Y)

2.34Good downside protection

Bond profile

Duration

7.3 years

Avg maturity

10.2 years

Credit ratings

1.3%

BBB

80.0%

17.9%

Other

0.8%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks total return and current income.
Strategy: Invests primarily in institutional preferred securities and income-producing debt securities. Focuses on securities with strong relative value, using active management to analyze credit fundamentals and market conditions.
Inception date: August 22, 2017
Fund family: First Trust