Morningstar

First Trust Preferred Securities and Income Fund Class R3 FPERX

Morningstar Medalist Rating
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Medalist Rating as of See First Trust Investment Hub
  • NAV / 1-Day Return$18.94  /  −0.42%
  • Fund Size$185.6M
  • Adjusted Expense Ratio1.650%
  • Net Expense Ratio1.660%
  • Fee Level: DistributionHigh
  • Share Class TypeRetirement, Medium
  • Morningstar CategoryPreferred Stock
  • Equity Style Box (Funds)Small Value
  • Minimum Initial Investment$0
  • Investment StatusOpen
  • TTM Yield5.34%
  • Turnover Ratio48%
NAV and 1-Day Return as of

Morningstar’s Analysis FPERX

Will FPERX outperform in the 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 FPERX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

First Trust Preferred Sec & Inc R3 holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings FPERX

More FPERX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings14.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
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Bank of America Corp. 6.625%

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Land O'Lakes Inc. 8%

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Credit Agricole S.A. 7.125%

1.503M
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The Hartford Insurance Group Inc. 6.03768%

1.443M
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BNP Paribas SA 8.5%

1.303M
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NextEra Energy Capital Holdings Inc 6.5%

1.283M
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American Agcredit ACA 8.746%

1.262M
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Xcel Energy Inc 6.25%

1.202M
Corporate

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