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First Trust Preferred Sec & Inc R3 FPERX

Medalist Rating as of | See First Trust Investment Hub
  • NAV / 1-Day Return 19.36  /  −0.04 %
  • Total Assets 223.6 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
  • Status Open
  • TTM Yield 5.23%
  • Effective Duration

USD | NAV as of Jul 23, 2024 | 1-Day Return as of Jul 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis FPERX

Will FPERX outperform in future?

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit First Trust Preferred Sec& Inc R3 to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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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Portfolio Holdings FPERX

  • 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