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Morningstar

First Trust Preferred Sec & Inc C FPECX

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub
  • NAV / 1-Day Return 18.44  /  0.12 %
  • Total Assets 210.3 Mil
  • Adj. Expense Ratio
    2.020%
  • Expense Ratio 2.020%
  • Distribution Fee Level Above Average
  • Share Class Type Level Load
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.77%
  • Effective Duration —

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:40 PM GMT+0

Morningstar’s Analysis FPECX

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

People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit First Trust Preferred Sec& Inc C to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FPECX

More FPECX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 82
  • Other Holdings 116
  • % Assets in Top 10 Holdings 17.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank of America Corporation 6.13%

2.62
5,737,750
Corporate

Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer

2.12
4,656,158
Corporate

Barclays PLC 8%

2.03
4,445,946
Corporate

AerCap Holdings N.V. 5.88%

2.01
4,409,363
Corporate

Enbridge Inc. 6%

2.00
4,379,525
Corporate

Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L-

1.85
4,061,806
Financial Services

Intesa Sanpaolo S.p.A. 7.7%

1.68
3,684,736
Corporate

HSBC Holdings PLC 8%

1.64
3,599,494
Corporate

The Toronto-Dominion Bank 8.13%

1.49
3,274,447
Corporate

UniCredit S.p.A. 8%

1.48
3,254,229
Corporate