FPEI

First Trust Institutional Preferred Securities and Income ETF
*Unless otherwise stated, data provided by FactSet.

FPEI Fund Description

FPEI is actively managed that provides current income and total return by investing in institutional preferred and income-producing debt securities.

FPEI Factset Analytics Insight

FPEI’s growth strategy is driven by the individual stock selection of Merlin Asset Management. Using a multivariate approach, Merlin screens companies based on a number of fundamental equity characteristics, including historical and expected rates of earnings growth. Companies with potential above average expected growth in earnings over a three-five year outlook are then considered further. Merlin looks to identify stocks that have above average return on equity, sustainable earnings growth outpacing that of the broader market, and trade at an attractive price to expected earnings growth. The expense ratio seems high but investors are paying for the expertise of stock selection.

FPEI MSCI ESG Analytics Insight

First Trust Institutional Preferred Securities and Income ETF has an MSCI ESG Fund Rating of A based on a score of 6.07 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. First Trust Institutional Preferred Securities and Income ETF ranks in the 68th percentile within its peer group and in the 89th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

FPEI Charts And Performance

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Total Return Chart (%)
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PERFORMANCE [as of 10/21/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
FPEI 1.32% 2.94% 13.34% 11.16% -- -- --
FPEI (NAV) 1.22% 2.94% 14.64% 11.03% -- -- --
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All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

FPEI Summary Data

First Trust
08/22/17
Open-Ended Fund
0.85%
$230.63M
$1.66M
0.21%

FPEI Portfolio Data

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09/25/19
111

FPEI Index Data

No Underlying Index
Proprietary
Proprietary
N/A

FPEI Portfolio Management

0.85%
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FPEI Tax Exposures

20.00% / 39.60%
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Ordinary income
No

FPEI Fund Structure

Open-Ended Fund
No
No
100% / 0%
N/A
N/A
Low
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

FPEI Factset Analytics Block Liquidity

As of 10/22/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of FPEI. FPEI is rated a 2 out of 5.

FPEI Tradability

84,339
$1.66M
64,647
$1.27M
0.21%
$0.04
0.19%
1.40% / -0.38%
None
70.76%
50,000
1.29
0.05%
8,911.70%
0
$19.84
2

FPEI Top 10 Holdings[View All]

8.76%
5.15%
3.00%
2.36%
2.32%
2.17%
2.17%
2.02%
1.94%
1.88%
31.77%

FPEI Performance Statistics

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FPEI MSCI ESG Ratings

A
6.07 / 10
89.33
68.43
4.98%
0.58%
382.71

FPEI Holdings Statistics

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111
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FPEI Avg Life Maturity Distribution

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FPEI OAS Breakdown

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