ETF overview
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF is an exchange traded fund launched and managed by First Trust Advisors LP. The fund is co-managed by Stonebridge Advisors, LLC. It invests in the fixed income markets of global region. The fund invests in preferred securities and income-producing debt securities, including corporate bonds, high yield securities, convertible securities, and investment grade securities. The fund invests in average duration of three to 12 years. It employs fundamental analysis with top down and bottom up security picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the ICE BofA US Investment Grade Institutional Capital Securities Index, Bloomberg US Aggregate Bond Index and the Blended Index comprising of 30% of the ICE BofA Core Plus Fixed Rate Preferred Securities Index, 30% of the ICE BofA US Investment Grade Institutional Capital Securities Index, 30% of the ICE USD Contingent Capital Index and 10% of the ICE BofA US High Yield Institutional Capital Securities Index. First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF was formed on February 11, 2013 and is domiciled in the United States.
Fund facts
- Expense ratio
- 0.83%
- Fund assets
- 5.89B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Feb 11, 2013
- Number of holdings
- 263
Breakdown
Holdings (263)
| Name | Ticker | Weight |
|---|---|---|
| BANK OF AMERICA CORP Variable rate | 2.66% | |
| Wells Fargo & Company, Series L, 7.500% | WFC-PL | 1.86% |
| BARCLAYS PLC Variable rate | 1.76% | |
| CITIGROUP INC Series HH, Variable rate | 1.38% | |
| NextEra Energy Capital Holdings, Inc., Series U, 6.500%, Due 06/01/2085 | 1.31% | |
| BNP PARIBAS Variable rate | 1.27% | |
| JPMORGAN CHASE & CO Variable rate | 1.27% | |
| CREDIT AGRICOLE SA Variable rate | 1.22% | |
| Xcel Energy Inc., 6.250%, Due 10/15/2085 | XELLL | 1.18% |
| VERIZON COMMUNICATIONS Variable rate, due 02/15/2057 | 1.16% | |
| and 250 more | ||
Similar ETFs
- First Trust Institutional Preferred Securities & Income ETFFPEI · Expense ratio 0.85%
Historical returns do not guarantee future returns. This is not investment advice.
First Trust Preferred Securities and Income ETF (FPE)
- Expense ratio
- 0.83%
- Fund assets
- 5.89B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Feb 11, 2013
- Number of holdings
- 263
| Name | Ticker | Weight |
|---|---|---|
| BANK OF AMERICA CORP Variable rate | 2.66% | |
| Wells Fargo & Company, Series L, 7.500% | WFC-PL | 1.86% |
| BARCLAYS PLC Variable rate | 1.76% | |
| CITIGROUP INC Series HH, Variable rate | 1.38% | |
| NextEra Energy Capital Holdings, Inc., Series U, 6.500%, Due 06/01/2085 | 1.31% | |
| BNP PARIBAS Variable rate | 1.27% | |
| JPMORGAN CHASE & CO Variable rate | 1.27% | |
| CREDIT AGRICOLE SA Variable rate | 1.22% | |
| Xcel Energy Inc., 6.250%, Due 10/15/2085 | XELLL | 1.18% |
| VERIZON COMMUNICATIONS Variable rate, due 02/15/2057 | 1.16% | |
| and 250 more | ||
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF is an exchange traded fund launched and managed by First Trust Advisors LP. The fund is co-managed by Stonebridge Advisors, LLC. It invests in the fixed income markets of global region. The fund invests in preferred securities and income-producing debt securities, including corporate bonds, high yield securities, convertible securities, and investment grade securities. The fund invests in average duration of three to 12 years. It employs fundamental analysis with top down and bottom up security picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the ICE BofA US Investment Grade Institutional Capital Securities Index, Bloomberg US Aggregate Bond Index and the Blended Index comprising of 30% of the ICE BofA Core Plus Fixed Rate Preferred Securities Index, 30% of the ICE BofA US Investment Grade Institutional Capital Securities Index, 30% of the ICE USD Contingent Capital Index and 10% of the ICE BofA US High Yield Institutional Capital Securities Index. First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF was formed on February 11, 2013 and is domiciled in the United States.
- First Trust Institutional Preferred Securities & Income ETFFPEI · Expense ratio 0.85%
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