Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

First Trust Preferred Securities and Income Fund

FPEIX | Fund

$19.51

$279 M

5.38%

$1.05

1.03%

Vitals

YTD Return

-13.5%

1 yr return

-6.2%

3 Yr Avg Return

3.4%

5 Yr Avg Return

3.6%

Net Assets

$279 M

Holdings in Top 10

16.2%

52 WEEK LOW AND HIGH

$19.5
$19.27
$22.97

Expenses

OPERATING FEES

Expense Ratio 1.03%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 38.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Preferred Stock

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

First Trust Preferred Securities and Income Fund

FPEIX | Fund

$19.51

$279 M

5.38%

$1.05

1.03%

FPEIX - Profile

Distributions

  • YTD Total Return -13.5%
  • 3 Yr Annualized Total Return 3.4%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.51%
DIVIDENDS
  • Dividend Yield 5.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Preferred Securities and Income Fund
  • Fund Family Name
    First Trust
  • Inception Date
    Jan 11, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Fleming

Fund Description

The fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (including investment borrowings) in preferred securities and other securities with similar economic characteristics.

FPEIX - Performance

Return Ranking - Trailing

Period FPEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.5% -20.3% -0.6% 59.09%
1 Yr -6.2% -10.8% 2.9% 37.80%
3 Yr 3.4%* -2.2% 13.5% 35.90%
5 Yr 3.6%* -0.3% 12.6% 28.17%
10 Yr 5.1%* 4.1% 8.6% 62.22%

* Annualized

Return Ranking - Calendar

Period FPEIX Return Category Return Low Category Return High Rank in Category (%)
2021 0.0% -3.4% 17.2% 45.57%
2020 0.6% -79.5% 9.0% 57.14%
2019 10.6% 6.4% 28.5% 81.08%
2018 -9.6% -15.2% -3.8% 16.90%
2017 5.7% -7.3% 19.0% 26.15%

Total Return Ranking - Trailing

Period FPEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.5% -20.3% -0.6% 44.32%
1 Yr -6.2% -12.2% 16.6% 45.45%
3 Yr 3.4%* -3.2% 13.5% 40.00%
5 Yr 3.6%* -1.9% 12.6% 29.27%
10 Yr 5.1%* 4.1% 8.6% 54.00%

* Annualized

Total Return Ranking - Calendar

Period FPEIX Return Category Return Low Category Return High Rank in Category (%)
2021 0.0% -3.4% 17.2% 45.57%
2020 0.6% -24.8% 9.0% 58.44%
2019 10.6% 6.4% 28.5% 81.08%
2018 -9.6% -14.9% -1.8% 40.85%
2017 5.7% -5.0% 20.6% 43.08%

NAV & Total Return History

FPEIX - Holdings

Concentration Analysis

FPEIX Category Low Category High FPEIX % Rank
Net Assets 279 M 12.9 M 16.4 B 65.52%
Number of Holdings 230 27 500 37.25%
Net Assets in Top 10 44.8 M 2.06 K 2.37 B 70.59%
Weighting of Top 10 16.19% 12.4% 48.5% 80.39%

Top 10 Holdings

  1. Barclays PLC 8% 2.82%
  2. AerCap Holdings N.V. 5.88% 2.18%
  3. Barclays PLC 7.88% 1.67%
  4. Enbridge Incorporation 6% 1.64%
  5. Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- 1.59%
  6. Credit Suisse Group AG 7.5% 1.47%
  7. Highlands Holdings Bond Issuer Limited / Highlands Holdings Bond Co-Issuer 1.42%
  8. Credit Agricole S.A. 7.88% 1.37%
  9. Emera Inc 6.75% 1.35%
  10. GMAC CAPITAL TRUST I 1.30%

Asset Allocation

Weighting Return Low Return High FPEIX % Rank
Bonds 		48.46% 0.00% 83.26% 45.10%
Convertible Bonds 		29.58% 0.00% 31.65% 5.88%
Preferred Stocks 		20.24% 2.27% 115.85% 64.71%
Cash 		1.71% -27.79% 5.28% 42.16%
Stocks 		0.00% -2.67% 34.04% 98.04%
Other 		0.00% -0.16% 11.21% 97.06%

Bond Sector Breakdown

Weighting Return Low Return High FPEIX % Rank
Corporate 		97.69% 62.31% 100.00% 55.88%
Cash & Equivalents 		1.71% 0.00% 8.83% 55.88%
Government 		0.60% 0.00% 21.71% 19.61%
Derivative 		0.00% 0.00% 12.03% 97.06%
Securitized 		0.00% 0.00% 0.02% 97.06%
Municipal 		0.00% 0.00% 0.00% 97.06%

Bond Geographic Breakdown

Weighting Return Low Return High FPEIX % Rank
US 		33.85% 0.00% 66.52% 45.10%
Non US 		14.61% 0.00% 22.86% 37.25%

FPEIX - Expenses

Operational Fees

FPEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.22% 2.45% 42.72%
Management Fee 0.80% 0.00% 1.00% 79.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

FPEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

FPEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FPEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 12.00% 199.00% 61.33%

FPEIX - Distributions

Dividend Yield Analysis

FPEIX Category Low Category High FPEIX % Rank
Dividend Yield 5.38% 0.00% 7.59% 25.71%

Dividend Distribution Analysis

FPEIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

FPEIX Category Low Category High FPEIX % Rank
Net Income Ratio 4.51% 0.88% 7.54% 36.59%

Capital Gain Distribution Analysis

FPEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

FPEIX - Fund Manager Analysis

Managers

Scott Fleming

Start Date

Tenure

Tenure Rank

Jan 11, 2011

11.39

11.4%

Scott Fleming serves as President and CEO of Stonebridge setting the strategic direction of Stonebridge including operations, business and product development, and marketing strategies. Mr. Fleming leads the Investment Committee and oversees investment policies and strategies for all of the company’s portfolio management activities. Additionally, Mr. Fleming directs the daily management of preferred stock portfolios. Prior to founding Stonebridge in 2004, Mr. Fleming co-founded Spectrum Asset Management, Inc., an investment advisor that specializes in preferred securities asset management for institutional clients and mutual funds. During his 13-year tenure there, he served as Chairman of the Board of Directors, Chief Financial Officer and Chief Investment Officer. Under his leadership, Spectrum grew to be the largest preferred securities manager in the country. Mr. Fleming previously served as Vice President, Portfolio Manager for DBL Preferred Management, Inc. in New York City. Mr. Fleming received a B.S. in Accounting from Bentley College in Waltham, MA and his MBA in Finance from Babson College in Wellesley, MA.

Robert Wolf

Start Date

Tenure

Tenure Rank

Jan 11, 2011

11.39

11.4%

Robert Wolf serves as Chief Investment Officer, Senior Vice President and Senior Portfolio Manager at Stonebridge. Mr. Wolf is a senior member of Stonebridge Advisors’ Investment Committee and oversees investment strategies and portfolio management activities across fund products and separately managed accounts. Mr. Wolf directs the daily management of preferred securities portfolios and performs both credit research and trading functions. Mr. Wolf has over twenty years of fixed-income experience in both portfolio management and credit research. Prior to joining Stonebridge in 2006, Mr. Wolf was a high-yield fixed-income research analyst at Lehman Brothers. In this role, his responsibilities included detailed credit analysis across multiple sectors, relative value analysis, and developing trade recommendations. Mr. Wolf previously worked for Lehman Brothers’ commercial mortgage-backed securities (CMBS) trading desk as a credit analyst. Mr. Wolf received his B.S. degree in Chemistry from Villanova University and his MBA in Finance from the New York University Stern School of Business.

Eric Weaver

Start Date

Tenure

Tenure Rank

Mar 02, 2020

2.25

2.3%

SVP, PM & Chief Strategist

Angelo Graci

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

EVP, Head of Credit Research

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.91 11.42

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.