First Trust Institutional Preferred Securities & Income ETF

Frequently Asked Questions About FPEI

What are the top holdings of FPEI?

First Trust Institutional Preferred Securities & Income ETF holds 169 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.

How many holdings does FPEI have?

FPEI holds 169 positions as reported by the fund's most recent disclosure.

What sectors does FPEI invest in?

First Trust Institutional Preferred Securities & Income ETF (FPEI) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.

What sector is FPEI most exposed to?

FPEI's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.

Is FPEI a US-only fund?

The country allocation card on this page shows FPEI's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.

What does FPEI invest in?

The fund under normal market conditions, invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities. Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.