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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 19.13  /  +0.28 %
  • Total Assets 218.2 Mil
  • Adj. Expense Ratio
    1.080%
  • Expense Ratio 1.080%
  • Distribution Fee Level Above Average
  • Share Class Type Institutional
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 5.57%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 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.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

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
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank of America Corporation 6.13%

2.62 5.7 Mil
Corporate

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

2.12 4.7 Mil
Corporate

Barclays PLC 8%

2.03 4.4 Mil
Corporate

AerCap Holdings N.V. 5.88%

2.01 4.4 Mil
Corporate

Enbridge Inc. 6%

2.00 4.4 Mil
Corporate

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

1.85 4.1 Mil
Financial Services

Intesa Sanpaolo S.p.A. 7.7%

1.68 3.7 Mil
Corporate

HSBC Holdings PLC 8%

1.64 3.6 Mil
Corporate

The Toronto-Dominion Bank 8.13%

1.49 3.3 Mil
Corporate

UniCredit S.p.A. 8%

1.48 3.3 Mil
Corporate