Long-tenured managers lead First Trust Preferred Securities and Income ETF FPE, but the strategy is not always effective in limiting downside risks, leaving the process wanting.
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 15.3
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 | 131.3 Mil | Financial Services |
Barclays PLC 8% | 2.45 | 130.6 Mil | Corporate |
Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer | 1.97 | 105.0 Mil | Corporate |
JPMorgan Chase & Co. 6.875% | 1.81 | 96.6 Mil | Corporate |
Intesa Sanpaolo S.p.A. 7.7% | 1.73 | 92.3 Mil | Corporate |
Algonquin Power & Utilities Corporation 4.75% | 1.58 | 84.1 Mil | Corporate |
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | 1.57 | 83.6 Mil | Financial Services |
Lloyds Banking Group PLC 8% | 1.46 | 77.5 Mil | Corporate |
Energy Transfer LP 7.125% | 1.31 | 69.6 Mil | Corporate |
Global Atlantic Finance Co. 4.7% | 1.29 | 68.9 Mil | Corporate |