First Trust Institutional Preferred Securities & Income ETF (FPEI)
ETF overview
The fund under normal market conditions, invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities. Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.
Fund facts
- Expense ratio
- 0.85%
- Fund assets
- 1.86B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 22, 2017
- Number of holdings
- 175
Breakdown
Holdings (175)
| Name | Ticker | Weight |
|---|---|---|
| BANK OF AMERICA CORP Variable rate | 3.23% | |
| CITIGROUP INC Series HH, Variable rate | 2.17% | |
| CREDIT AGRICOLE SA Variable rate | 1.97% | |
| ING GROEP NV Variable rate | 1.75% | |
| BANCO BILBAO VIZCAYA ARGENTARIA Variable rate | 1.65% | |
| ENBRIDGE INC Variable rate, due 01/15/2084 | 1.54% | |
| CHARLES SCHWAB CORP Series H, Variable rate | 1.48% | |
| BANCO SANTANDER SA Variable rate | 1.48% | |
| BANK OF MONTREAL Variable rate, due 05/26/2084 | 1.45% | |
| BNP PARIBAS Variable rate | 1.31% | |
| and 162 more | ||
Similar ETFs
- First Trust Preferred Securities and Income ETFFPE · Expense ratio 0.83%
Historical returns do not guarantee future returns. This is not investment advice.
First Trust Institutional Preferred Securities & Income ETF (FPEI)
- Expense ratio
- 0.85%
- Fund assets
- 1.86B USD (all share classes)
- Issuer
- First Trust
- Inception date
- Aug 22, 2017
- Number of holdings
- 175
| Name | Ticker | Weight |
|---|---|---|
| BANK OF AMERICA CORP Variable rate | 3.23% | |
| CITIGROUP INC Series HH, Variable rate | 2.17% | |
| CREDIT AGRICOLE SA Variable rate | 1.97% | |
| ING GROEP NV Variable rate | 1.75% | |
| BANCO BILBAO VIZCAYA ARGENTARIA Variable rate | 1.65% | |
| ENBRIDGE INC Variable rate, due 01/15/2084 | 1.54% | |
| CHARLES SCHWAB CORP Series H, Variable rate | 1.48% | |
| BANCO SANTANDER SA Variable rate | 1.48% | |
| BANK OF MONTREAL Variable rate, due 05/26/2084 | 1.45% | |
| BNP PARIBAS Variable rate | 1.31% | |
| and 162 more | ||
The fund under normal market conditions, invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities. Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.
- First Trust Preferred Securities and Income ETFFPE · Expense ratio 0.83%
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