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Morningstar

First Trust Preferred Sec & Inc A FPEAX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 19.90  /  0.42 %
  • Total Assets 241.1 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.330%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 5.07%
  • Effective Duration —

USD | NAV as of Jan 26, 2023 | 1-Day Return as of Jan 26, 2023, 10:58 PM GMT+00:00

Morningstar’s Analysis FPEAX

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

People Pillar

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

Summary

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First Trust Preferred Sec & Inc A's Average Process Pillar and People Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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