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Morningstar

First Trust Preferred Sec & Inc F FPEFX

Morningstar Analyst Rating
Quantitative rating as of | See First Trust Investment Hub
  • NAV / 1-Day Return 20.21  /  0.18 %
  • Total Assets 251.7 Mil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.86%
  • Effective Duration —

USD | NAV as of Feb 07, 2023 | 1-Day Return as of Feb 07, 2023, 10:56 PM GMT+00:00

Morningstar’s Analysis FPEFX

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

People Pillar

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

Summary

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First Trust Preferred Sec & Inc F'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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