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%
#4,678 of 6,040 · expensive
Fund Size
$1.9B
#805 of 6,040 · large
Return (1Y)
+3.1%
Track Record
9 years
#1,581 of 6,040 · established
Performance
Total-return NAV · USDGrowth of $10,000
$10,282+2.8%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
Fixed incomeStrategy
Active selection
Holdings
By weightConcentration
Top 10 holdings = 17.7% of funddiversified
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
72.2%
Preferred
27.4%
Convertible
2.2%
Cash
0.4%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
3.8%Low
Year-on-year price swings
Max drawdown
-27.5%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
1.30Strong risk-adjusted returns
Sortino (3Y)
1.90Good downside protection
Bond profile
Duration
7.3 years
Avg maturity
10.1 years
Credit ratings
A
1.3%
BBB
79.9%
BB
18.0%
Other
0.9%
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
Similar funds
Same asset class, closest by strategy & exposureNext steps
Save FPEI to compare it with other funds, or start building a portfolio.
Data updated on 2026-09-18