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 21 January 2021
Asset Under Management 308.45 Million (USD)
1 Month Total Return 0.71 %
Year To Date Return 0.40 %
1 Year Total Return 5.79 %
3 Year Annualized Total Return 5.75 %
NAV 20.36
Share Outstanding 15,150,000
Top 10 Holdings (21 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
EMERA INC Variable rate due 06/15/2076 BOND 0.0302994895
US Dollar CASH 0.0279965609
BARCLAYS PLC Variable rate BOND 0.0267170486
ENBRIDGE INC Variable rate due 01/15/2077 BOND 0.0262156587
AERCAP HOLDINGS NV Variable rate due 10/10/2079 BOND 0.0214568885
LLOYDS BANKING GROUP PLC Variable rate 0.0207621339
LAND O'LAKES INC 7% BOND 0.0203438297
AUST & NZ BANKING GROUP Variable rate PREF 0.0190254514
MARKEL CORP Variable rate 0.0163174103
BNP PARIBAS Variable rate BOND 0.0153165436