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Morningstar

First Trust Instl Pref Secs and Inc ETF FPEI

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub

Morningstar’s Analysis FPEI

Will FPEI 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 FPEI’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FPEI 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 FPEI’s parent organization’s priorities and whether they’re in line with investors’ interests.

Vulnerable to banking woes.

Analyst Chiayi Tsui

Chiayi Tsui

Analyst

Summary

Experienced managers lead the First Trust Institutional Preferred Securities and Income ETF FPEI, but a relaxed approach and spotty downside protection leave the process wanting. The strategy earns a Morningstar Medalist Rating of Neutral.

by Chiayi Tsui
Rated on Published on

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Portfolio Holdings FPEI

More FPEI Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

The Toronto-Dominion Bank 8.125%

2.63 32.6 Mil
Corporate

ING Groep N.V. 7.5%

2.10 26.0 Mil
Corporate

Lloyds Banking Group PLC 8%

2.04 25.3 Mil
Corporate

Global Atlantic Finance Co. 4.7%

2.01 24.8 Mil
Corporate

BNP Paribas SA 8.5%

1.93 23.9 Mil
Corporate

Bank of America Corp. 6.125%

1.90 23.6 Mil
Corporate

Intesa Sanpaolo S.p.A. 7.7%

1.89 23.4 Mil
Corporate

JPMorgan Chase & Co. 6.875%

1.82 22.6 Mil
Corporate

Energy Transfer LP 7.125%

1.78 22.1 Mil
Corporate

NatWest Group PLC 6%

1.70 21.0 Mil
Corporate