Long-tenured managers lead First Trust Institutional Preferred Securities and Income ETF FPEI, but the strategy is not always effective in limiting downside risks, leaving the process wanting.
First Trust Instl Pref Secs and Inc ETF FPEI
Morningstar’s Analysis FPEI
Will FPEI 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 15.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
The Toronto-Dominion Bank 8.125% | 2.16 | 32.2 Mil | Corporate |
Lloyds Banking Group PLC 8% | 1.74 | 26.0 Mil | Corporate |
ING Groep N.V. 7.5% | 1.71 | 25.4 Mil | Corporate |
BNP Paribas SA 8.5% | 1.69 | 25.1 Mil | Corporate |
Energy Transfer LP 7.125% | 1.67 | 24.9 Mil | Corporate |
Global Atlantic Finance Co. 4.7% | 1.65 | 24.5 Mil | Corporate |
Bank of Montreal 7.7% | 1.64 | 24.4 Mil | Corporate |
Bank of America Corp. 6.125% | 1.64 | 24.4 Mil | Corporate |
The Charles Schwab Corporation 4% | 1.61 | 24.0 Mil | Corporate |
JPMorgan Chase & Co. 6.875% | 1.60 | 23.9 Mil | Corporate |