First Trust Preferred Sec & Inc A (FPEAX)
| Fund Assets | 202.74M |
| Expense Ratio | 1.65% |
| Min. Investment | $2,500 |
| Turnover | 48.00% |
| Dividend (ttm) | 1.06 |
| Dividend Yield | 5.07% |
| Dividend Growth | -0.12% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 19.91 |
| YTD Return | 0.26% |
| 1-Year Return | 5.79% |
| 5-Year Return | 12.47% |
| 52-Week Low | 19.71 |
| 52-Week High | 20.47 |
| Beta (5Y) | 0.52 |
| Holdings | 213 |
| 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 5.79% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.86%.
Top 10 Holdings
15.79% of assets| Name | Symbol | Weight |
|---|---|---|
| BANK OF AMERICA CORP - BAC V6.625 PERP | BAC.V6.625 PERP | 2.58% |
| Wells Fargo & Company | WFC | 2.12% |
| BARCLAYS PLC - BACR V8 PERP | BACR.V8 PERP | 1.93% |
| CREDIT AGRICOLE SA - ACAFP V7.125 PERP 144A | ACAFP.V7.125 PERP 144A | 1.47% |
| LAND O'LAKES INC - LLAKES 8 PERP 144A | LLAKES.8 PERP 144A | 1.44% |
| HARTFORD INSURANCE GROUP INC (THE) - HIG F 02/12/47 ICON | HIG.F 02.12.47 ICON | 1.34% |
| NextEra Energy, Inc. | NEE | 1.30% |
| BNP PARIBAS SA - BNP V8.5 PERP 144A | BNP.V8.5 PERP 144A | 1.25% |
| AMERICAN AGCREDIT ACA - AAGACA V5.25 PERP QIB | AAGACA.V8.68 PERP QIB | 1.20% |
| Xcel Energy Inc. | XEL | 1.17% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.0883 | Jun 30, 2026 |
| May 29, 2026 | $0.0883 | May 29, 2026 |
| Apr 30, 2026 | $0.0883 | Apr 30, 2026 |
| Mar 31, 2026 | $0.0883 | Mar 31, 2026 |
| Feb 27, 2026 | $0.0883 | Feb 27, 2026 |
| Jan 30, 2026 | $0.0883 | Jan 30, 2026 |