First TrustPreferred StockFPEI · NYSE Arca

First Trust Institutional Preferred Securities & Income ETF (FPEI)

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Price: $18.84; —11 Sept 2026
Assets: $1.9B; Total net assets
Expense ratio: 0.85%; Category 0.92%
Yield: 5.84%; Trailing distributions

1Y return: 3.4%+2.8%; Category 0.6%
3Y CAGR: 9.5%+2.5%; Category 7.0%
5Y CAGR: 3.6%+2.4%; Category 1.2%

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First Trust Institutional Preferred Securities & Income ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-1.2%	-0.7%	+1.2%	+1.0%	+3.4%	+9.5%	+3.6%	—	+4.8%
Preferred Stock average	-1.1%	-0.9%	0.9%	0.7%	0.6%	7.0%	1.2%	2.9%	3.5%
Difference	-0.1%	+0.3%	+0.3%	+0.3%	+2.8%	+2.5%	+2.4%	—	+1.3%

Holdings

The 1 largest positions make up 1.6% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
BBVAP2	Banco Bilbao Vizcaya Argentaria SA FXDFR PFS PERPETUAL USD 200000 - 05946KA	1.65%

Credit quality

Share of the bonds by rating.

A1.3%
BBB79.9%
BB18.0%
Other0.9%

Asset mix

Bonds72.2%
Preferred shares27.4%
Convertibles2.2%
Cash0.4%

ETF details

Issuer: First Trust
Category: Fixed Income · Preferred Stock
Ticker: FPEI
Exchange: NYSE Arca
Inception: 22 Aug 2017 (9.1 years)
Structure: Exchange Traded Fund
Expense ratio: 0.85% (category 0.92%)
Holdings turnover: 38% (category 40%)
Distribution yield: 5.84%
Beta, 3 years: 0.65
Total net assets: $1.9B
Average duration: 7.27 years
Average maturity: 10.13 years

Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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