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.
First Trust Preferred Sec & Inc ETF FPE
Morningstar’s Analysis FPE
Will FPE outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |