FPERX – First Trust Preferred Sec & Inc R3 Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to provide current income and total return. The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (including investment borrowings) in preferred securities and other securities with similar economic characteristics.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FPEFX	First Trust Preferred Securities and Income Fund Class F	No Load	Open			Mar 2, 2011	$428,538.00	1.300%	High	$2,500	−$3.84M
FPEIX	First Trust Preferred Securities and Income Fund Class I	Institutional	Open			Jan 11, 2011	$133.71M	1.060%	High	$1M	−$15.95M
FPEAX	First Trust Preferred Securities and Income Fund Class A	Front Load	Open			Feb 25, 2011	$36.08M	1.400%	High	$2,500	−$3.80M
FPECX	First Trust Preferred Securities and Income Fund Class C	Level Load	Open			Feb 25, 2011	$14.36M	2.150%	High	$2,500	−$5.27M
FPERX	First Trust Preferred Securities and Income Fund Class R3	Retirement, Medium	Open			Mar 2, 2011	$792,036.00	1.650%	High	$0	$68,256.07

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