FPEIFirst Trust Institutional Preferred Securities and Income ETF
FPEI Fund Description
FPEI is actively managed to provide current income and total return by investing in global institutional preferred and income-producing debt securities.
FPEI Factset Analytics Insight
FPEI is a niche fund that focuses on selecting institutional preferred securities and other income-producing debt securities. The allocation to preferred securities include issues typically geared towards institutional investors, as they are preferreds generally issued in large lot sizes and typically trade over-the-counter. The fund's sub-advisor utilitzes a top-down approach to take into consideration sector, interest rate and systemic risks. Individual securities are selected based on credit fundamentals, relative value and technical aspects such as: call features, trading volumes, and pricing inefficiencies. Due to the nature of preferred securities, the fund's holdings are concentrated in the financial sector. The fund may also hold corporate bonds and convertible securities of various credit quality and duration.
FPEI MSCI ESG Analytics Insight
First Trust Institutional Preferred Securities and Income ETF has an MSCI ESG Fund Rating of AAA based on a score of 9.49 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 99th percentile within its peer group and in the 99th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
FPEI Portfolio Data
FPEI Index Data
FPEI Portfolio Management
FPEI Tax Exposures
FPEI Fund Structure
FPEI Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FPEI. FPEI is rated a 2 out of 5.