Fund Description
The First Trust Institutional Preferred Securities and Income ETF is an actively managed exchange-traded fund. The funds investment objective is to seek total return and to provide current income. Under normal market conditions, the Fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities.
Fund Profile
Fund Name First Trust Institutional Preferred Securities and Income ETF
Fund Exchange Ticker FPEI
Fund Sponsor First Trust
Fund ISIN US33739P8555
Net Expense Ratio 0.85 %
Fund Inception Date 22 August 2017
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Multi-Asset / Other
Asset Class Target Date / Multi-Asset
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Funds Combining Developed & Emerging Exposure
Key Statistics
Return As of Date 16 April 2021
Asset Under Management 351.23 Million (USD)
1 Month Total Return 1.00 %
Year To Date Return 1.86 %
1 Year Total Return 19.43 %
3 Year Annualized Total Return 6.71 %
NAV 20.48
Share Outstanding 17,150,000
Top 10 Holdings (16 April 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
US Dollar CASH 0.0285612926
EMERA INC Variable rate due 06/15/2076 BOND 0.0262211811
BARCLAYS PLC Variable rate BOND 0.0237341976
ENBRIDGE INC Variable rate due 01/15/2077 BOND 0.0226846582
AERCAP HOLDINGS NV Variable rate due 10/10/2079 BOND 0.0192602548
LLOYDS BANKING GROUP PLC Variable rate PREF 0.0183004460
LAND O'LAKES INC 7% BOND 0.0179848738
AUST & NZ BANKING GROUP Variable rate PREF 0.0166959422
ASSURED GUARANTY MUNICIPAL HOLDINGS INC Variable rate due 12/15/2066 BOND 0.0160340843
MARKEL CORP Variable rate PREF 0.0148915029