Fund Evaluator:
First Trust Instl Pref Secs and Inc ETF (FPEI)
Follow This Fund
Hybrid Securities
Global Asset Class
Taxable Bond
Fund Group
Preferred Stock
Category
$19.620
NAV (as of Oct 07)
$0.00
Minimum Initial
0.85% F
Expense Ratio
$1,906 Mil
Assets
Open
Status
0.00%
12b-1 Fee
5.75%
TTM Yield
0.00%
Max Load
38%
Portfolio Turnover
Best Performing in Preferred Stock Over the Last Year
| 7.1% | Cohen & Steers Preferred Sec & Inc Z (CPXZX) |
Data as of 6/30/2026
0.5% B
1-Mo Return
2.9% C
3-Mo Return
1.9% B
YTD Return
7.6% A
1-Yr Return
10.6% A
3-Yr Return
4.2% A
5-Yr Return
0.66 B
Category Risk Index
0.40
Total Risk Index
Fund Details
Fund Family
First Trust
Inception Date
8/22/2017
Share Class Type
Equity Investment Style
na
Bond Investment Style
High Quality
Moderate Sensitivity
Socially Responsible Fund
No
Index Fund
No
Benchmark Index
Bloomberg US Agg Bond TR USD: 100%
Additional Fund Details
First Trust Instl Pref Secs and Inc ETF Overview
FPEI Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FPEI Return (NAV) | 0.5% | 2.9% | 7.6% | 10.6% | 4.2% | na |
| FPEI Grade | B | C | A | A | A | na |
| +/- Category | 0.2% | 0.2% | 1.0% | 1.5% | 1.2% | na |
| Preferred Stock Avg | 0.3% | 2.7% | 6.6% | 9.2% | 2.9% | 4.7% |
| FPEI Tax Cost Ratio | na | na | 2.0% | 1.8% | 1.8% | na |
FPEI Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FPEI Return (NAV) | 1.9% | 9.9% | 10.8% | 6.7% | -8.4% | 5.0% | 6.7% | 17.3% | -5.4% | na | na |
| FPEI Grade | B | A | B | F | A | B | C | D | D | na | na |
| +/- Category | 0.1% | 1.8% | 0.8% | -0.2% | 2.9% | 0.2% | 1.4% | 0.5% | -0.8% | na | na |
| Preferred Stock Avg | 1.8% | 8.1% | 10.0% | 6.9% | -11.3% | 4.8% | 5.3% | 16.8% | -4.6% | 10.1% | 5.4% |
| Risk Measures | |
| Standard Deviation: | 4.8% |
| Total Risk Index: | 0.40 - Low |
| Category Risk Index: | 0.66 - Below Average |
| Category Risk Grade: | B (25% Rank) |
| Beta: | 0.65 |
| R-Squared: | 57% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Moderate Sensitivity |
| Yield: | 5.8% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1906 Mil |
| Fund Total Assets: | $1,907 Mil |
| Share Class Type: | |
| Portfolio Turnover: | 38% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 8.9 years | |||
| Average Tenure: 6.5 years | |||
| Managers (Year): Wolf Robert (2017), Weaver Eric (2020), Graci Angelo (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 175 |
| % in Top 10 Holdings: | 17.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 49.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 27.4% |
| Domestic Bond: | 20.7% |
| Foreign Bond: | 49.0% |
| Convertible Bond: | 2.3% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Status: | Open |
| Inception Date: | August 22, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 0.85% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.10% |
| Share Class: | First Trust Instl Pref Secs and Inc ETF |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
Copyright 2026 American Association of Individual Investors and Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.