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Morningstar

First Trust Preferred Sec & Inc ETF FPE

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FPE

Will FPE outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPE’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FPE management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of FPE’s parent organization’s priorities and whether they’re in line with investors’ interests.

High on yield, low on industry diversification.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Long-tenured managers lead the First Trust Preferred Securities and Income ETF FPE, but a relaxed approach to limiting risk leaves the process wanting. The strategy earns a Morningstar Medalist Rating of Neutral.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings FPE

More FPE Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 16.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-

2.46 127.7 Mil
Financial Services

Barclays PLC 8%

2.40 124.5 Mil
Corporate

Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer

2.02 104.5 Mil
Corporate

JPMorgan Chase & Co. 6.875%

1.84 95.3 Mil
Corporate

Intesa Sanpaolo S.p.A. 7.7%

1.77 91.6 Mil
Corporate

Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L-

1.54 79.7 Mil
Financial Services

Algonquin Power & Utilities Corporation 4.75%

1.53 79.0 Mil
Corporate

Global Atlantic Finance Co. 4.7%

1.51 78.1 Mil
Corporate

Lloyds Banking Group PLC 8%

1.43 73.9 Mil
Corporate

The Toronto-Dominion Bank 8.125%

1.30 67.2 Mil
Corporate