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First Trust Institutional Preferred Securities and Income ETF (FPEI)

18.80 -0.01 (-0.05%)
As of 1:41 PM EDT. Market Open.

ETF Summary

The fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities ("Income 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.

ETF Overview

Category Preferred Stock
Fund Family First Trust Advisors L.P.
Net Assets 1.35B
YTD Daily Total Return 9.56%
Yield 5.43%
Legal Type Exchange Traded Fund

ETF Operations

Attributes FPEI Category Average
Annual Report Expense Ratio (net) 0.85% 1.05%
Holdings Turnover 26.00% 42.78%
Total Net Assets 0.00 0.00

Morningstar Style Box

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Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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