Key stats
About First Trust Institutional Preferred Securities & Income ETF
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Inception date
Aug 22, 2017
Structure
Open-Ended Fund
Replication method
Physical
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
ISIN
US33739P8555
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate94.62%
Cash4.56%
Structured0.60%
Government0.22%
Stock breakdown by region
North America67.76%
Europe29.46%
Asia2.53%
Latin America0.26%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FPEI invests in bonds. The fund's major sectors are Corporate, with 94.62% stocks, and Government, with 0.22% of the basket. The assets are mostly located in the North America region.
FPEI last dividends amounted to 0.09 USD. The month before, the issuer paid 0.09 USD in dividends, which shows a 2.99% increase.
FPEI assets under management is 1.67 B USD. It's risen 2.41% over the last month.
FPEI fund flows account for 243.94 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FPEI pays dividends to its holders with the dividend yield of 5.53%. The last dividend (Aug 29, 2025) amounted to 0.09 USD. The dividends are paid monthly.
FPEI shares are issued by AJM Ventures LLC under the brand First Trust. The ETF was launched on Aug 22, 2017, and its management style is Active.
FPEI expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
FPEI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FPEI invests in bonds.
FPEI price has risen by 0.73% over the last month, and its yearly performance shows a 2.29% increase. See more dynamics on FPEI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.69% over the last month, showed a 3.06% increase in three-month performance and has increased by 6.17% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.69% over the last month, showed a 3.06% increase in three-month performance and has increased by 6.17% in a year.
FPEI trades at a premium (0.31%) meaning the ETF is trading at a higher price than the calculated NAV.