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Morningstar

First Trust Preferred Sec & Inc I FPEIX

Morningstar Medalist Rating
Medalist Rating as of | See First Trust Investment Hub
  • NAV / 1-Day Return 17.75  /  0.18 %
  • Total Assets 212.9 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 5.79%
  • Effective Duration —

USD | NAV as of May 26, 2023 | 1-Day Return as of May 26, 2023, 10:14 PM GMT+0

Morningstar’s Analysis FPEIX

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

People Pillar

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

First Trust Preferred Sec & Inc I's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FPEIX

More FPEIX Holdings
  • Current Portfolio Date Apr 30, 2023
  • Equity Holdings 0
  • Bond Holdings 81
  • Other Holdings 111
  • % Assets in Top 10 Holdings 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank of America Corporation 6.13%

2.74
5,735,168
Corporate

AerCap Holdings N.V. 5.88%

2.18
4,561,423
Corporate

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

2.14
4,491,845
Corporate

Barclays PLC 8%

2.08
4,356,864
Corporate

Enbridge Inc. 6%

2.07
4,338,076
Corporate

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

1.96
4,110,298
Financial Services

Barclays PLC 8%

1.80
3,777,292
Corporate

Credit Agricole S.A. 8.13%

1.80
3,767,593
Corporate

The Toronto-Dominion Bank 8.13%

1.58
3,318,348
Corporate

Global Atlantic Finance Co. 4.7%

1.54
3,223,286
Corporate