Long-tenured managers lead First Trust Preferred Securities and Income ETF FPE, but the strategy is not always effective in limiting downside risks, leaving the process wanting.
First Trust Preferred Sec & Inc ETF FPE
Morningstar’s Analysis FPE
Will FPE outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- | 2.46 | 140.8 Mil | Financial Services |
Barclays PLC 8% | 1.84 | 105.2 Mil | Corporate |
Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer | 1.83 | 104.6 Mil | Corporate |
JPMorgan Chase & Co. 6.875% | 1.76 | 100.4 Mil | Corporate |
Intesa Sanpaolo S.p.A. 7.7% | 1.62 | 92.5 Mil | Corporate |
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | 1.55 | 88.8 Mil | Financial Services |
Cash | 1.35 | 77.3 Mil | Cash and Equivalents |
Lloyds Banking Group PLC 8% | 1.29 | 73.7 Mil | Corporate |
Energy Transfer LP 7.125% | 1.25 | 71.2 Mil | Corporate |
Global Atlantic Finance Co. 4.7% | 1.24 | 70.7 Mil | Corporate |