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First Trust Preferred Sec & Inc ETF FPE

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.

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.

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Portfolio Holdings FPE

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 16.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

2.44 128.3 Mil
Financial Services

Barclays PLC 8%

2.40 126.3 Mil
Corporate

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

1.98 104.5 Mil
Corporate

JPMorgan Chase & Co. 6.875%

1.84 96.8 Mil
Corporate

Intesa Sanpaolo S.p.A. 7.7%

1.76 92.4 Mil
Corporate

Interest/Overdraft

1.59 83.8 Mil
Cash and Equivalents

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

1.53 80.7 Mil
Financial Services

Algonquin Power & Utilities Corporation 4.75%

1.53 80.7 Mil
Corporate

Global Atlantic Finance Co. 4.7%

1.51 79.3 Mil
Corporate

Lloyds Banking Group PLC 8%

1.43 75.4 Mil
Corporate