First Trust Institutional Preferred Securities and Income ETFFirst Trust Institutional Preferred Securities and Income ETFFirst Trust Institutional Preferred Securities and Income ETF

First Trust Institutional Preferred Securities and Income ETF

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Key stats


Assets under management (AUM)
‪1.56 B‬USD
Fund flows (1Y)
‪270.27 M‬USD
Dividend yield (indicated)
5.66%
Discount/Premium to NAV
0.3%
Shares outstanding
‪83.60 M‬
Expense ratio
0.85%

About First Trust Institutional Preferred Securities and Income ETF


Issuer
AJM Ventures LLC
Brand
First Trust
Inception date
Aug 22, 2017
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
FPEI is a niche fund that focuses on selecting institutional preferred securities and other income-producing debt securities. The allocation to preferred securities include issues typically geared towards institutional investors, as they are preferreds generally issued in large lot sizes and typically trade over-the-counter. The fund's sub-advisor utilitzes a top-down approach to take into consideration sector, interest rate and systemic risks. Individual securities are selected based on credit fundamentals, relative value and technical aspects such as: call features, trading volumes, and pricing inefficiencies. Due to the nature of preferred securities, the fund's holdings are concentrated in the financial sector. The fund may also hold corporate bonds and convertible securities of various credit quality and duration.

Classification


Asset Class
Fixed income
Category
Corporate, preferred
Focus
Broad credit
Niche
Broad maturities
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
Bonds, Cash & Other
Corporate
Stock breakdown by region
0.7%0.3%70%27%1%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

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