Long-tenured managers lead First Trust Institutional Preferred Securities and Income ETF FPEI, but the strategy is not always effective in limiting downside risks, leaving the process wanting.
First Trust Instl Pref Secs and Inc ETF FPEI
Morningstar’s Analysis FPEI
Will FPEI 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 16.2
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
The Toronto-Dominion Bank 8.125% | 2.40 | 31.1 Mil | Corporate |
Lloyds Banking Group PLC 8% | 2.05 | 26.6 Mil | Corporate |
ING Groep N.V. 7.5% | 1.91 | 24.8 Mil | Corporate |
Algonquin Power & Utilities Corporation 4.75% | 1.89 | 24.5 Mil | Corporate |
BNP Paribas SA 8.5% | 1.89 | 24.5 Mil | Corporate |
Energy Transfer LP 7.125% | 1.87 | 24.2 Mil | Corporate |
Bank of America Corp. 6.125% | 1.84 | 23.9 Mil | Corporate |
Global Atlantic Finance Co. 4.7% | 1.83 | 23.8 Mil | Corporate |
Intesa Sanpaolo S.p.A. 7.7% | 1.82 | 23.6 Mil | Corporate |
Bank of Montreal 7.7% | 1.81 | 23.5 Mil | Corporate |