FPE: First Trust Preferred Securities and Income ETF - MutualFunds.com

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First Trust Preferred Sec & Inc ETF

FPE - Snapshot

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 4.1%
  • 5 Yr Annualized Return 6.1%
  • Net Assets $5.43 B
  • Holdings in Top 10 15.7%

52 WEEK LOW AND HIGH

$19.87
$13.60
$20.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Preferred Stock

Compare FPE to Popular Preferred Stock Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$37.56

-0.11%

$17.55 B

5.20%

$1.96

0.24%

0.46%

$14.28

+0.14%

$10.36 B

5.26%

$0.75

-0.07%

0.85%

$10.41

+0.10%

$7.59 B

4.61%

$0.48

0.10%

0.81%

$15.10

-0.13%

$6.42 B

4.97%

$0.75

0.53%

0.50%

$19.92

+0.25%

$5.43 B

5.05%

$1.00

-0.35%

0.85%

FPE - Profile

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 4.1%
  • 5 Yr Annualized Total Return 6.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.69%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Preferred Securities and Income ETF
  • Fund Family Name
    First Trust
  • Inception Date
    Feb 11, 2013
  • Shares Outstanding
    282555000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Wolf

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in preferred securities ("Preferred Securities") and income-producing debt securities ("Income Securities"). The fund invests in securities that are traded over-the-counter or listed on an exchange.


FPE - Performance

Return Ranking - Trailing

Period FPE Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -79.7% 3.7% 40.96%
1 Yr 2.0% -27.1% 5.0% 54.22%
3 Yr 4.1%* -7.9% 6.0% 34.21%
5 Yr 6.1%* -2.4% 8.4% 29.23%
10 Yr N/A* 4.5% 10.6% N/A

* Annualized

Return Ranking - Calendar

Period FPE Return Category Return Low Category Return High Rank in Category (%)
2019 11.8% 2.3% 20.1% 55.00%
2018 -10.3% -19.0% -5.7% 54.79%
2017 5.4% -7.3% 18.5% 41.79%
2016 0.2% -6.1% 6.5% 33.85%
2015 0.5% -28.6% 3.1% 15.79%

Total Return Ranking - Trailing

Period FPE Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -27.1% 3.7% 49.40%
1 Yr 2.0% -30.3% 5.0% 45.78%
3 Yr 4.1%* -8.9% 6.0% 31.58%
5 Yr 6.1%* -2.7% 8.4% 29.23%
10 Yr N/A* 4.5% 10.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FPE Return Category Return Low Category Return High Rank in Category (%)
2019 11.8% 2.3% 20.1% 57.50%
2018 -10.3% -19.0% -1.8% 68.49%
2017 5.4% -5.0% 18.5% 52.24%
2016 0.2% -6.1% 20.1% 49.23%
2015 0.5% -28.6% 6.2% 28.07%

FPE - Holdings

Concentration Analysis

FPE Category Low Category High FPE % Rank
Net Assets 5.43 B 2.6 M 17.6 B 22.09%
Number of Holdings 265 47 522 24.42%
Net Assets in Top 10 854 M -276 M 2.42 B 9.30%
Weighting of Top 10 15.74% 13.0% 66.4% 76.74%

Top 10 Holdings

  1. EMERA INCORPORATED 6.75% 2.90%
  2. Barclays PLC 8% 1.89%
  3. AerCap Holdings N.V. 5.88% 1.79%
  4. Barclays PLC 7.88% 1.60%
  5. GMAC Capital Trust I Pfd Secs 2011-15.2.40 Gtd Series 2 1.50%
  6. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 1.40%
  7. Lloyds Banking Group plc 7.5% 1.22%
  8. Enel - Societa per Azioni 8.75% 1.21%
  9. The Charles Schwab Corporation 5.38% 1.11%
  10. UniCredit S.p.A. 8% 1.11%

Asset Allocation

Weighting Return Low Return High FPE % Rank
Bonds
38.68% -1.16% 77.03% 61.63%
Convertible Bonds
30.16% 0.00% 46.42% 11.63%
Preferred Stocks
27.48% 1.27% 120.98% 44.19%
Cash
3.28% -28.41% 6.56% 25.58%
Other
0.28% 0.00% 13.70% 45.35%
Stocks
0.11% -0.82% 48.53% 61.63%

Stock Sector Breakdown

Weighting Return Low Return High FPE % Rank
Real Estate
100.00% 0.00% 100.00% 14.93%
Utilities
0.00% 0.00% 100.00% 91.04%
Technology
0.00% 0.00% 1.79% 91.04%
Industrials
0.00% 0.00% 15.00% 91.04%
Healthcare
0.00% 0.00% 6.79% 85.07%
Financial Services
0.00% 0.00% 100.00% 97.01%
Energy
0.00% 0.00% 36.47% 85.07%
Communication Services
0.00% 0.00% 63.53% 85.07%
Consumer Defense
0.00% 0.00% 1.65% 85.07%
Consumer Cyclical
0.00% 0.00% 0.79% 85.07%
Basic Materials
0.00% 0.00% 5.68% 91.04%

Stock Geographic Breakdown

Weighting Return Low Return High FPE % Rank
US
0.11% -0.82% 45.05% 41.86%
Non US
0.00% 0.00% 3.48% 86.05%

Bond Sector Breakdown

Weighting Return Low Return High FPE % Rank
Corporate
95.85% 70.64% 100.00% 56.98%
Cash & Equivalents
3.56% 0.00% 8.90% 23.26%
Government
0.55% 0.00% 21.36% 46.51%
Securitized
0.04% 0.00% 0.04% 1.16%
Derivative
0.00% 0.00% 18.89% 86.05%
Municipal
0.00% 0.00% 0.00% 81.40%

Bond Geographic Breakdown

Weighting Return Low Return High FPE % Rank
US
24.51% -9.85% 57.70% 68.60%
Non US
14.17% 0.00% 29.86% 40.70%

FPE - Expenses

Operational Fees

FPE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.24% 4.46% 72.29%
Management Fee 0.85% 0.00% 1.21% 80.23%
12b-1 Fee 0.00% 0.00% 1.00% 21.05%
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

FPE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FPE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FPE Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 5.67% 153.00% 32.14%

FPE - Distributions

Dividend Yield Analysis

FPE Category Low Category High FPE % Rank
Dividend Yield 4.72% 0.00% 7.64% 4.71%

Dividend Distribution Analysis

FPE Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FPE Category Low Category High FPE % Rank
Net Income Ratio 5.69% 1.54% 7.26% 20.48%

Capital Gain Distribution Analysis

FPE Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Dividend Payout History

View More +

FPE - Fund Manager Analysis

Managers

Robert Wolf


Start Date

Tenure

Tenure Rank

Feb 11, 2013

7.72

7.7%

Robert Wolf serves as Chief Investment Officer, Senior Vice President and Senior Portfolio Manager at Stonebridge. Mr. Wolf is a senior member of Stonebridge Advisors’ Investment Committee and oversees investment strategies and portfolio management activities across fund products and separately managed accounts. Mr. Wolf directs the daily management of preferred securities portfolios and performs both credit research and trading functions. Mr. Wolf has over twenty years of fixed-income experience in both portfolio management and credit research. Prior to joining Stonebridge in 2006, Mr. Wolf was a high-yield fixed-income research analyst at Lehman Brothers. In this role, his responsibilities included detailed credit analysis across multiple sectors, relative value analysis, and developing trade recommendations. Mr. Wolf previously worked for Lehman Brothers’ commercial mortgage-backed securities (CMBS) trading desk as a credit analyst. Mr. Wolf received his B.S. degree in Chemistry from Villanova University and his MBA in Finance from the New York University Stern School of Business.

Scott Fleming


Start Date

Tenure

Tenure Rank

Feb 11, 2013

7.72

7.7%

Scott Fleming serves as President and CEO of Stonebridge setting the strategic direction of Stonebridge including operations, business and product development, and marketing strategies. Mr. Fleming leads the Investment Committee and oversees investment policies and strategies for all of the company’s portfolio management activities. Additionally, Mr. Fleming directs the daily management of preferred stock portfolios. Prior to founding Stonebridge in 2004, Mr. Fleming co-founded Spectrum Asset Management, Inc., an investment advisor that specializes in preferred securities asset management for institutional clients and mutual funds. During his 13-year tenure there, he served as Chairman of the Board of Directors, Chief Financial Officer and Chief Investment Officer. Under his leadership, Spectrum grew to be the largest preferred securities manager in the country. Mr. Fleming previously served as Vice President, Portfolio Manager for DBL Preferred Management, Inc. in New York City. Mr. Fleming received a B.S. in Accounting from Bentley College in Waltham, MA and his MBA in Finance from Babson College in Wellesley, MA.

Eric Weaver


Start Date

Tenure

Tenure Rank

Mar 02, 2020

0.67

0.7%

SVP, PM & Chief Strategist

Tenure Analysis

Category Low Category High Category Average Category Mode
0.36 28.73 7.55 9.84