First Trust Preferred Sec & Inc I (FPEIX)

Fund Assets	185.49M
Expense Ratio	1.048%
Min. Investment	$1,000,000
Turnover	48.00%
Dividend (ttm)	1.11
Dividend Yield	5.75%
Dividend Growth	n/a
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	19.25
YTD Return	-2.46%
1-Year Return	-1.15%
5-Year Return	10.32%
52-Week Low	19.25
52-Week High	20.70
Beta (5Y)	0.32
Holdings	213
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.

• Fund Family: First Trust
• Category: Preferred Stock
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FPEIX
• Share Class: Class I
• Index: ICE BofA Fixed Rate Preferred H TR

Performance

FPEIX had a total return of -1.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.92%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FPERX	Class R3	1.06%
FPECX	Class C	1.40%
FPEAX	Class A	1.65%
FPEFX	Class F	2.15%

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.V8.746 PERP QIB	1.20%
Xcel Energy Inc.	XEL	1.17%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.0925	Sep 30, 2026
Aug 31, 2026	$0.0925	Aug 31, 2026
Jul 31, 2026	$0.0925	Jul 31, 2026
Jun 30, 2026	$0.0925	Jun 30, 2026
May 29, 2026	$0.0925	May 29, 2026
Apr 30, 2026	$0.0925	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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