First Trust Preferred Securities and Income ETF
FPE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- Feb 11, 2013
- CIK
- 0001424212
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Preferred Securities and Income ETF (FPE) is an actively managed exchange-traded fund that seeks to generate current income through a portfolio of preferred securities and income-producing debt securities issued globally across the market capitalization spectrum; these include U.S. and non-U.S. preferred equities, hybrid capital securities, corporate bonds, high-yield securities, convertible securities, investment grade securities, fixed-to-floating rate securities, floating rate securities, and senior notes. The fund invests primarily in the fixed income markets with a focus on broad credit strategies, emphasizing preferred stocks and hybrid securities that combine characteristics of equities and bonds, while targeting issuers in sectors such as financial services, including banks and other regulated entities. FPE holds approximately 253 positions, with significant exposure to investment-grade assets (around 79%), and operates without a specific benchmark but is compared to blended indices like the ICE BofA Core Plus Fixed Rate Preferred Securities Index. Launched on February 12, 2013, and domiciled in the United States, FPE trades on the NYSE Arca exchange under the ticker FPE and is advised by First Trust Advisors L.P., based in Wheaton, Illinois, with co-management by Stonebridge Advisors, LLC; portfolio managers include Scott Fleming, Robert Wolf, Eric Weaver, and Angelo Graci. The fund targets income-seeking investors, including institutions and individuals, through monthly distributions with a trailing twelve-month yield of approximately 5.97% and assets under management of $6.29 billion as of late 2025. It maintains global geographic operations, with primary emphasis on U.S. dollar-denominated securities but including non-U.S. issuers subject to currency and emerging market risks. Recent developments include ongoing monthly distribution announcements by First Trust Advisors L.P., with the latest declarations in December 2025 covering FPE among 156 exchange-traded funds, reflecting sustained income focus amid fluctuating interest rates; board and audit committee changes, such as new trustee elections announced in May 2025 and appointments in March 2024; and persistent portfolio adjustments to navigate sector concentrations, particularly in financials, without major acquisitions, partnerships, or strategic shifts reported in the past 1-2 years. The expense ratio remains at 0.85%, with no front-end or deferred loads, and shares outstanding at 342.81 million. FPE continues to emphasize active management to mitigate credit, interest rate, and extension risks inherent in its hybrid holdings.