First Trust Preferred Securities and Income Fund Class I (FPEIX)
| Fund Assets | 208.03M |
| Expense Ratio | 1.06% |
| Min. Investment | $1,000,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 1.02 |
| Dividend Yield | 5.07% |
| Dividend Growth | 1.37% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 20.00 |
| YTD Return | 4.20% |
| 1-Year Return | 7.88% |
| 5-Year Return | 22.81% |
| 52-Week Low | 19.05 |
| 52-Week High | 20.24 |
| Beta (5Y) | 0.32 |
| Holdings | 209 |
| Inception Date | Jan 11, 2011 |
About FPEIX
First Trust Preferred Securities and Income Fund is an institutional-class mutual fund focused on delivering current income and total return by investing predominantly in preferred securities and similar income-producing instruments. The fund allocates at least 80% of its net assets to preferred stocks and hybrid securities, which blend characteristics of both equities and fixed income instruments, often providing a steady income stream. The portfolio is diversified across a range of sectors, with significant exposure to leading financial institutions, energy companies, and global corporates, as evidenced by top holdings like Wells Fargo, Barclays, and Bank of America. The fund seeks to provide regular monthly distributions to investors, making it a suitable vehicle for those prioritizing income within a diversified fixed income strategy. With a relatively low beta over five years, the fund typically exhibits less volatility compared to broad equity markets, enhancing its appeal for income-oriented investors. Launched in 2011, it maintains an institutional minimum investment and has cultivated a track record of consistent returns, emphasizing its established role in the preferred securities mutual fund market.
Performance
FPEIX had a total return of 7.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.16%.
Top 10 Holdings
16.69% of assets| Name | Symbol | Weight |
|---|---|---|
| Bank of America Corp | BAC.V6.625 PERP | 2.52% |
| Wells Fargo & Company | WFC | 2.24% |
| Barclays PLC | BACR.V8 PERP | 2.04% |
| JPMorgan Chase & Co | JPM.V6.875 PERP NN | 1.72% |
| Credit Agricole SA | ACAFP.V6.7 PERP 144A | 1.51% |
| LAND O'LAKES INC - Land O' Lakes Inc | LLAKES.8 PERP 144A | 1.39% |
| BNP Paribas SA | BNP.V8.5 PERP 144A | 1.38% |
| HARTFORD INSUR GRP INC/T - Hartford Insurance Group Inc/The | HIG.F 02.12.47 ICON | 1.31% |
| Charles Schwab Corp/The | SCHW.V4 PERP H | 1.30% |
| Lloyds Banking Group PLC | LLOYDS.V8 PERP | 1.27% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.0925 | Jun 30, 2025 |
| May 30, 2025 | $0.0925 | May 30, 2025 |
| Apr 30, 2025 | $0.0925 | Apr 30, 2025 |
| Mar 31, 2025 | $0.0925 | Mar 31, 2025 |
| Feb 28, 2025 | $0.0925 | Feb 28, 2025 |
| Jan 31, 2025 | $0.0925 | Jan 31, 2025 |