First Trust Preferred Securities and Income ETF
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.3%
1 yr return
12.3%
3 Yr Avg Return
-0.6%
5 Yr Avg Return
2.9%
Net Assets
$5.31 B
Holdings in Top 10
17.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.84%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 04/18/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
FPE - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return -0.6%
- 5 Yr Annualized Total Return 2.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 4.54%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust Preferred Securities and Income ETF
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateFeb 11, 2013
-
Shares Outstanding383855000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRobert Wolf
Fund Description
FPE - Performance
Return Ranking - Trailing
Period | FPE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | -4.0% | 3.7% | 17.95% |
1 Yr | 12.3% | 2.4% | 18.0% | 12.82% |
3 Yr | -0.6%* | -8.9% | 6.0% | 38.89% |
5 Yr | 2.9%* | -5.5% | 5.0% | 19.70% |
10 Yr | 4.6%* | 0.6% | 4.6% | 2.22% |
* Annualized
Return Ranking - Calendar
Period | FPE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 0.4% | -3.6% | 14.2% | 60.26% |
2022 | -17.3% | -29.4% | -9.6% | 51.39% |
2021 | 0.6% | -3.4% | 17.2% | 30.56% |
2020 | 0.6% | -24.8% | 9.0% | 63.77% |
2019 | 11.8% | 6.4% | 19.1% | 49.23% |
Total Return Ranking - Trailing
Period | FPE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | -4.0% | 3.7% | 17.95% |
1 Yr | 12.3% | 2.4% | 18.0% | 12.82% |
3 Yr | -0.6%* | -8.9% | 6.0% | 38.89% |
5 Yr | 2.9%* | -5.5% | 5.0% | 19.70% |
10 Yr | 4.6%* | 0.6% | 4.6% | 2.22% |
* Annualized
Total Return Ranking - Calendar
Period | FPE Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.8% | -1.9% | 26.5% | 34.62% |
2022 | -12.8% | -26.0% | -5.8% | 48.61% |
2021 | 5.2% | -2.5% | 27.4% | 18.06% |
2020 | 6.0% | -19.2% | 12.3% | 39.13% |
2019 | 18.1% | 10.0% | 32.0% | 43.08% |
FPE - Holdings
Concentration Analysis
FPE | Category Low | Category High | FPE % Rank | |
---|---|---|---|---|
Net Assets | 5.31 B | 24.1 M | 14.5 B | 21.79% |
Number of Holdings | 232 | 45 | 450 | 32.05% |
Net Assets in Top 10 | 924 M | 7.69 M | 1.65 B | 26.92% |
Weighting of Top 10 | 17.53% | 12.1% | 48.1% | 70.51% |
Top 10 Holdings
- Wells Fargo Co 2.34%
- Barclays PLC 2.33%
- AerCap Holdings NV 2.01%
- Highlands Holdings Bond Issuer Ltd / Highlands Holdings Bond Co-Issuer Inc 2.00%
- Intesa Sanpaolo SpA 1.73%
- Bank of America Corp 1.55%
- Global Atlantic Fin Co 1.49%
- Lloyds Banking Group PLC 1.40%
- Algonquin Power Utilities Corp 1.39%
- Toronto-Dominion Bank/The 1.29%
Asset Allocation
Weighting | Return Low | Return High | FPE % Rank | |
---|---|---|---|---|
Bonds | 71.73% | 0.00% | 98.46% | 51.28% |
Preferred Stocks | 25.54% | 0.00% | 125.53% | 46.15% |
Convertible Bonds | 22.71% | 0.00% | 31.65% | 49.33% |
Cash | 1.81% | -0.02% | 10.76% | 53.85% |
Stocks | 0.92% | 0.00% | 28.30% | 20.51% |
Other | 0.00% | -4.48% | 12.19% | 83.33% |
Stock Sector Breakdown
Weighting | Return Low | Return High | FPE % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 100.00% | 84.75% |
Technology | 0.00% | 0.00% | 0.00% | 69.49% |
Real Estate | 0.00% | 0.00% | 100.00% | 20.34% |
Industrials | 0.00% | 0.00% | 7.56% | 76.27% |
Healthcare | 0.00% | 0.00% | 4.02% | 76.27% |
Financial Services | 0.00% | 0.00% | 100.00% | 77.97% |
Energy | 0.00% | 0.00% | 11.41% | 76.27% |
Communication Services | 0.00% | 0.00% | 1.77% | 76.27% |
Consumer Defense | 0.00% | 0.00% | 0.00% | 69.49% |
Consumer Cyclical | 0.00% | 0.00% | 0.00% | 69.49% |
Basic Materials | 0.00% | 0.00% | 0.00% | 77.97% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | FPE % Rank | |
---|---|---|---|---|
US | 0.92% | 0.00% | 28.30% | 20.51% |
Non US | 0.00% | 0.00% | 1.93% | 93.59% |
Bond Sector Breakdown
Weighting | Return Low | Return High | FPE % Rank | |
---|---|---|---|---|
Corporate | 97.86% | 62.31% | 100.00% | 38.67% |
Government | 0.39% | 0.00% | 21.71% | 32.00% |
Derivative | 0.00% | -0.63% | 12.19% | 84.62% |
Cash & Equivalents | 0.00% | 0.00% | 10.76% | 98.72% |
Securitized | 0.00% | 0.00% | 0.00% | 93.33% |
Municipal | 0.00% | 0.00% | 0.00% | 93.33% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | FPE % Rank | |
---|---|---|---|---|
US | 71.73% | 0.00% | 98.46% | 51.28% |
Non US | 0.00% | 0.00% | 22.53% | 98.72% |
FPE - Expenses
Operational Fees
FPE Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.84% | 0.05% | 4.46% | 66.23% |
Management Fee | 0.84% | 0.00% | 1.00% | 87.18% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 15.15% |
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 | N/A | 12.00% | 199.00% | 54.67% |
FPE - Distributions
Dividend Yield Analysis
FPE | Category Low | Category High | FPE % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 9.81% | 28.21% |
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 | 4.54% | 0.88% | 7.54% | 33.78% |
Capital Gain Distribution Analysis
FPE | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.089 | OrdinaryDividend |
Feb 29, 2024 | $0.088 | OrdinaryDividend |
Jan 31, 2024 | $0.071 | OrdinaryDividend |
Dec 29, 2023 | $0.086 | OrdinaryDividend |
Nov 30, 2023 | $0.096 | OrdinaryDividend |
Oct 31, 2023 | $0.060 | OrdinaryDividend |
Sep 29, 2023 | $0.089 | OrdinaryDividend |
Aug 31, 2023 | $0.099 | OrdinaryDividend |
Jul 31, 2023 | $0.076 | OrdinaryDividend |
Jun 30, 2023 | $0.077 | OrdinaryDividend |
May 31, 2023 | $0.104 | OrdinaryDividend |
Apr 28, 2023 | $0.069 | OrdinaryDividend |
Mar 31, 2023 | $0.099 | OrdinaryDividend |
Feb 28, 2023 | $0.091 | OrdinaryDividend |
Jan 31, 2023 | $0.072 | OrdinaryDividend |
Dec 30, 2022 | $0.093 | OrdinaryDividend |
Nov 30, 2022 | $0.091 | OrdinaryDividend |
Oct 31, 2022 | $0.072 | OrdinaryDividend |
Sep 30, 2022 | $0.084 | OrdinaryDividend |
Aug 31, 2022 | $0.085 | OrdinaryDividend |
Jul 29, 2022 | $0.067 | OrdinaryDividend |
Jun 30, 2022 | $0.086 | OrdinaryDividend |
May 31, 2022 | $0.085 | OrdinaryDividend |
Apr 29, 2022 | $0.062 | OrdinaryDividend |
Mar 31, 2022 | $0.086 | OrdinaryDividend |
Feb 28, 2022 | $0.075 | OrdinaryDividend |
Jan 31, 2022 | $0.067 | OrdinaryDividend |
Dec 31, 2021 | $0.080 | OrdinaryDividend |
Nov 30, 2021 | $0.083 | OrdinaryDividend |
Oct 29, 2021 | $0.061 | OrdinaryDividend |
Sep 30, 2021 | $0.070 | OrdinaryDividend |
Aug 31, 2021 | $0.080 | OrdinaryDividend |
Jul 30, 2021 | $0.067 | OrdinaryDividend |
Jun 30, 2021 | $0.068 | OrdinaryDividend |
May 28, 2021 | $0.082 | OrdinaryDividend |
Apr 30, 2021 | $0.057 | OrdinaryDividend |
Mar 31, 2021 | $0.082 | OrdinaryDividend |
Feb 26, 2021 | $0.075 | OrdinaryDividend |
Jan 29, 2021 | $0.067 | OrdinaryDividend |
Dec 31, 2020 | $0.082 | OrdinaryDividend |
Nov 30, 2020 | $0.089 | OrdinaryDividend |
Oct 30, 2020 | $0.058 | OrdinaryDividend |
Sep 30, 2020 | $0.076 | OrdinaryDividend |
Aug 31, 2020 | $0.088 | OrdinaryDividend |
Jul 31, 2020 | $0.069 | OrdinaryDividend |
Jun 30, 2020 | $0.097 | OrdinaryDividend |
May 29, 2020 | $0.075 | OrdinaryDividend |
Apr 30, 2020 | $0.090 | OrdinaryDividend |
Mar 31, 2020 | $0.097 | OrdinaryDividend |
Feb 28, 2020 | $0.076 | OrdinaryDividend |
Jan 31, 2020 | $0.077 | OrdinaryDividend |
Dec 31, 2019 | $0.096 | OrdinaryDividend |
Nov 29, 2019 | $0.092 | OrdinaryDividend |
Oct 31, 2019 | $0.076 | OrdinaryDividend |
Sep 30, 2019 | $0.095 | OrdinaryDividend |
Aug 30, 2019 | $0.088 | OrdinaryDividend |
Jul 31, 2019 | $0.074 | OrdinaryDividend |
Jun 28, 2019 | $0.100 | OrdinaryDividend |
May 31, 2019 | $0.103 | OrdinaryDividend |
Apr 30, 2019 | $0.077 | OrdinaryDividend |
Mar 29, 2019 | $0.101 | OrdinaryDividend |
Feb 28, 2019 | $0.089 | OrdinaryDividend |
Jan 31, 2019 | $0.077 | OrdinaryDividend |
Dec 31, 2018 | $0.106 | OrdinaryDividend |
Nov 30, 2018 | $0.104 | OrdinaryDividend |
Oct 31, 2018 | $0.081 | OrdinaryDividend |
Sep 28, 2018 | $0.097 | OrdinaryDividend |
Aug 31, 2018 | $0.094 | OrdinaryDividend |
Jul 31, 2018 | $0.076 | OrdinaryDividend |
Jun 29, 2018 | $0.101 | OrdinaryDividend |
May 31, 2018 | $0.093 | OrdinaryDividend |
Apr 30, 2018 | $0.082 | OrdinaryDividend |
Mar 29, 2018 | $0.099 | OrdinaryDividend |
Feb 28, 2018 | $0.080 | OrdinaryDividend |
Jan 31, 2018 | $0.089 | OrdinaryDividend |
Dec 29, 2017 | $0.093 | OrdinaryDividend |
Nov 30, 2017 | $0.098 | OrdinaryDividend |
Oct 31, 2017 | $0.081 | OrdinaryDividend |
Sep 29, 2017 | $0.104 | OrdinaryDividend |
Aug 31, 2017 | $0.080 | OrdinaryDividend |
Jul 31, 2017 | $0.076 | OrdinaryDividend |
Jun 30, 2017 | $0.103 | OrdinaryDividend |
May 31, 2017 | $0.091 | OrdinaryDividend |
Apr 28, 2017 | $0.078 | OrdinaryDividend |
Mar 31, 2017 | $0.109 | OrdinaryDividend |
Feb 28, 2017 | $0.080 | OrdinaryDividend |
Jan 31, 2017 | $0.086 | OrdinaryDividend |
Dec 30, 2016 | $0.100 | OrdinaryDividend |
Nov 30, 2016 | $0.097 | OrdinaryDividend |
Oct 31, 2016 | $0.082 | OrdinaryDividend |
Sep 30, 2016 | $0.099 | OrdinaryDividend |
Aug 31, 2016 | $0.105 | OrdinaryDividend |
Jul 29, 2016 | $0.073 | OrdinaryDividend |
Jun 30, 2016 | $0.088 | OrdinaryDividend |
May 31, 2016 | $0.102 | OrdinaryDividend |
Apr 29, 2016 | $0.090 | OrdinaryDividend |
Mar 31, 2016 | $0.113 | OrdinaryDividend |
Feb 29, 2016 | $0.066 | OrdinaryDividend |
Jan 29, 2016 | $0.120 | OrdinaryDividend |
Dec 31, 2015 | $0.082 | OrdinaryDividend |
Nov 30, 2015 | $0.123 | OrdinaryDividend |
Oct 30, 2015 | $0.080 | OrdinaryDividend |
Sep 30, 2015 | $0.130 | OrdinaryDividend |
Aug 31, 2015 | $0.085 | OrdinaryDividend |
Jul 31, 2015 | $0.065 | OrdinaryDividend |
Jun 30, 2015 | $0.103 | OrdinaryDividend |
May 29, 2015 | $0.079 | OrdinaryDividend |
Apr 30, 2015 | $0.070 | OrdinaryDividend |
Mar 31, 2015 | $0.110 | OrdinaryDividend |
Feb 27, 2015 | $0.070 | OrdinaryDividend |
Jan 30, 2015 | $0.043 | OrdinaryDividend |
Dec 31, 2014 | $0.213 | OrdinaryDividend |
Nov 28, 2014 | $0.085 | OrdinaryDividend |
Oct 31, 2014 | $0.070 | OrdinaryDividend |
Sep 30, 2014 | $0.114 | OrdinaryDividend |
Aug 29, 2014 | $0.091 | OrdinaryDividend |
Jul 31, 2014 | $0.054 | OrdinaryDividend |
Jun 30, 2014 | $0.124 | OrdinaryDividend |
May 30, 2014 | $0.073 | OrdinaryDividend |
Apr 30, 2014 | $0.066 | OrdinaryDividend |
Mar 31, 2014 | $0.107 | OrdinaryDividend |
Feb 28, 2014 | $0.077 | OrdinaryDividend |
Jan 31, 2014 | $0.058 | OrdinaryDividend |
Dec 31, 2013 | $0.119 | OrdinaryDividend |
Nov 29, 2013 | $0.073 | OrdinaryDividend |
Oct 31, 2013 | $0.065 | OrdinaryDividend |
Sep 30, 2013 | $0.162 | OrdinaryDividend |
Aug 30, 2013 | $0.075 | OrdinaryDividend |
Jul 31, 2013 | $0.102 | OrdinaryDividend |
Jun 28, 2013 | $0.108 | OrdinaryDividend |
May 31, 2013 | $0.020 | OrdinaryDividend |
Apr 30, 2013 | $0.033 | OrdinaryDividend |
Mar 28, 2013 | $0.086 | OrdinaryDividend |
FPE - Fund Manager Analysis
Managers
Robert Wolf
Start Date
Tenure
Tenure Rank
Feb 11, 2013
9.3
9.3%
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
9.3
9.3%
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
2.25
2.3%
SVP, PM & Chief Strategist
Angelo Graci
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
EVP, Head of Credit Research
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |