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.
First Trust Preferred Sec & Inc R3 FPERX
- NAV / 1-Day Return 19.92 / −0.11 %
- Total Assets 239.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.650%
- Distribution Fee Level High
- Share Class Type Retirement, Medium
- Category Preferred Stock
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 0
- Status Open
- TTM Yield 5.10%
- Effective Duration —
USD | NAV as of Oct 04, 2024 | 1-Day Return as of Oct 04, 2024, 10:28 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.
People Pillar
Parent Pillar
- 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 |