First Trust Preferred Securities and Income Fund Class A (FPEAX)
| Fund Assets | 214.17M |
| Expense Ratio | 1.41% |
| Min. Investment | $2,500 |
| Turnover | 48.00% |
| Dividend (ttm) | 1.06 |
| Dividend Yield | 4.98% |
| Dividend Growth | -0.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 21.33 |
| YTD Return | -3.83% |
| 1-Year Return | 3.95% |
| 5-Year Return | 10.83% |
| 52-Week Low | 18.92 |
| 52-Week High | 21.33 |
| Beta (5Y) | n/a |
| Holdings | 217 |
| Inception Date | Feb 25, 2011 |
About FPEAX
First Trust Preferred Securities and Income Fund Class A is an open‑end mutual fund focused on generating current income and total return through a diversified portfolio of preferred securities and related hybrid instruments. The fund generally invests at least 80% of assets in preferred stock and debt securities with preferred‑like features, drawing heavily from issuers in the financial sector, as well as select utilities, energy, and industrial companies. It targets a segment that sits between equity and traditional bonds in the capital structure, aiming to capture higher coupon income while balancing credit and interest rate considerations typical of perpetual and fixed‑to‑floating preferreds. The strategy is benchmarked to preferred and contingent capital indices, reflecting exposure to both investment‑grade and below‑investment‑grade instruments. The fund distributes income monthly and has a long operating history since 2011, holding a broad roster of nearly two hundred positions to diversify issuer and structure risk. Within preferred stock portfolios, it plays a role for investors seeking income diversification away from core bonds, with performance and risk shaped by bank and insurer fundamentals, credit spreads, and rate dynamics.
Performance
FPEAX had a total return of 3.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.30%.
Top 10 Holdings
16.62% of assets| Name | Symbol | Weight |
|---|---|---|
| Bank of America Corp | BAC.V6.625 PERP | 2.70% |
| Wells Fargo & Company | WFC | 2.23% |
| Barclays PLC | BACR.V8 PERP | 1.98% |
| JPMorgan Chase & Co | n/a | 1.64% |
| Credit Agricole SA | ACAFP.V7.125 PERP 144A | 1.50% |
| LAND O'LAKES INC - Land O' Lakes Inc | LLAKES.8 PERP 144A | 1.38% |
| NextEra Energy, Inc. | NEE | 1.34% |
| BNP Paribas SA | BNP.V8.5 PERP 144A | 1.30% |
| Goldman Sachs Group Inc/The | GS.V7.5 PERP X | 1.29% |
| HARTFORD INSUR GRP INC/T - Hartford Insurance Group Inc/The | HIG.F 02.12.47 ICON | 1.26% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.0883 | Jan 30, 2026 |
| Dec 31, 2025 | $0.0883 | Dec 31, 2025 |
| Nov 28, 2025 | $0.0883 | Nov 28, 2025 |
| Oct 31, 2025 | $0.0883 | Oct 31, 2025 |
| Sep 30, 2025 | $0.0884 | Sep 30, 2025 |
| Aug 29, 2025 | $0.0884 | Aug 29, 2025 |