FPEIFirst Trust Institutional Preferred Securities and Income ETF
Seeks total return and to provide current income.
By First Trust · Launched 2017
Annual Cost
0.85%
#4,507 of 5,854 · expensive
Fund Size
$1.9B
#783 of 5,854 · large
Return (1Y)Goal
+6.5%
Track Record
8 years
#1,569 of 5,854 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,575+5.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeStrategy
Active selection
What it actually holds
By weightConcentration
Top 10 holdings = 17.7% of fund✓ well diversified
BANK OF AMERICA CORP
3.0%
CREDIT AGRICOLE SA
1.8%
ING GROEP NV
1.7%
TORONTO DOMINION BANK (THE)
1.7%
BANCO BILBAO VIZCAYA ARGENTARIA SA
1.7%
CITIGROUP INC
1.7%
ENBRIDGE INC
1.6%
BANCO SANTANDER SA
1.5%
CHARLES SCHWAB CORP (THE)
1.5%
BANK OF MONTREAL
1.4%
Asset allocation
Bonds
69.7%
Preferred
27.4%
Convertible
2.3%
Cash
0.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.7%Low
Year-on-year price swings
Max drawdown
-27.5%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
1.41Strong risk-adjusted returns
Sortino (3Y)
2.07Good downside protection
Bond profile
Duration
7.3 years
Avg maturity
10.3 years
Credit ratings
A
1.3%
BBB
80.0%
BB
17.8%
Other
0.8%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks total return and to provide current income.
- Strategy
- Invests primarily in institutional preferred securities and income-producing debt securities, targeting total return and current income. Concentrates at least 25% of assets in the financial sector, including banks and insurance companies, while also investing in U.S. and non-U.S. securities across small-, mid-, and large-capitalizations.
- Inception date
- August 22, 2017
- Fund family
- First Trust
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Data updated on 2026-08-03