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First Trust Preferred Sec & Inc ETF FPE ETF Analysis

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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