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 17 July 2019
Asset Under Management 179.12 Million (USD)
1 Month Total Return 2.11 %
Year To Date Return 9.50 %
1 Year Total Return 7.33 %
3 Year Annualized Total Return
NAV 19.47
Share Outstanding 9,200,000
Top 10 Holdings (16 July 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
EMERA INC Variable rate due 06/15/2076 BOND 0.0347000000
ENBRIDGE INC Variable rate due 01/15/2077 BOND 0.0295000000
AERCAP GLOBAL AVIATION TRUST Variable rate due 06/15/2045 BOND 0.0261000000
HARTFORD FINL SVCS GRP Variable rate due 02/12/2047 PREF 0.0252000000
VOYA FINANCIAL INC Variable rate due 05/15/2053 PREF 0.0239000000
ASSURANT INC Variable rate due 03/27/2048 PREF 0.0233000000
ENEL SPA Variable rate due 09/24/2073 BOND 0.0229000000
NISOURCE INC 5.65% 0.0201000000