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First Trust Preferred Sec & Inc R3 FPERX

Quantitative rating as of
  • NAV / 1-Day Return 19.84  /  0.14 %
  • Total Assets 241.8 Mil
  • Adj. Expense Ratio
    1.650%
  • Expense Ratio 1.650%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Preferred Stock
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.83%
  • Effective Duration

Morningstar’s Analysis FPERX

Will FPERX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Summary

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First Trust Preferred Sec & Inc R3'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 most expensive quintile among peers.

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