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ETFs

First Trust Preferred Securities and Income ETF

FPE
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Feb 12 2013
Expense Ratio
0.85%
Type
Preferred
Fund Owner
First Trust
Volume (1m avg. daily)
$22,312,132
AUM
$5,219,616,350
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

SR11
Barclays plc - FXDFR BD PERPETUAL USD 200000
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Wells Fargo & Co.
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AER79
Aercap Holdings N.V. - FXDFR NT REDEEM 10/10/2079 USD 150000
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APO5067569
HIGHLAND HOLDINGS BOND 7.625% due 10/15/2025
1.97%
ISNP4288869
INTESA SANPAOLO SPA Variable rate
1.70%
BAC
Bank Of America Corp.
1.46%
93LQ
Barclays plc - FXDFR NT PERPETUAL USD 200000
1.34%
AQN5340059
ALGONQUIN PWR & UTILITY Variable rate due 01/18/2082
1.33%
LYG5552145
LLOYDS BANKING GROUP PLC Variable rate
1.24%
GAFC5210789
GLOBAL ATLANTIC Variable rate due 10/15/2051
1.23%
Invest with FPE

What is FPE?

The First Trust Preferred Securities and Income ETF ( the Fund ) seeks total return and to provide current income by investing primarily in preferred securities and income-producing debt securities, including corporate bonds, high-yield securities and convertible securities. Under normal market conditions, at least 80 percent of the Fund s net assets, including investment borrowings, will be allocated to these asset classes.

ETFs related toFPE

ETFs correlated to FPE include FPEI, PFF, PGX

FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
PFFD
Global X Funds - Global X U.S. Preferred ETF
PSK
SPDR Series Trust - SPDR ICE Preferred Securities ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
PREF
Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF
PFXF
VanEck ETF Trust - VanEck Preferred Securities ex Financials ETF
PFFA
ETFis Series Trust I - Virtus InfraCap U.S. Preferred Stock ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

FPE is a Preferred ETF. The First Trust Preferred Securities and Income ETF ( the Fund ) seeks total return and to provide current income by investing primarily in preferred securities and income-producing debt securities, including corporate bonds, high-yield securities and convertible securities. Under normal market conditions, at least 80 percent of the Fund s net assets, including investment borrowings, will be allocated to these asset classes.

FPE dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, FPE is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FPE is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FPE is 0.0012%. This is the percent change in the value of FPE over the most recent 1-month period. The 3-month return on FPE is 0.026%. This is the percent change in the value of FPE over the most recent 3-month period.

The standard deviation of FPE for the past year is 0.1071%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FPE include QAI, PCEF, and MLPA.

ETFs correlated to FPE include FPEI, PFF, and PGX.

ETFs that are inversely correlated to FPE include SJB, FAZ, and VIXM.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.