First Trust Preferred Securities and Income ETF
$17.01+0.05 (+0.29%)
- 0.83%
- $5.81B
- −1.9%
- 6.38%
- 1.4M sh
- low $16.87high $18.48
The ETF.net FPE Grade
B
Score 58 out of 100
- 10 of 31
Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F10 out of 100Rank 28 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A90 out of 100Rank 1 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B57 out of 100Rank 15 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A82 out of 100Rank 4 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A77 out of 100Rank 6 of 29Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A90 out of 100Rank 2 of 31
Our read on FPE
In short
BA preferred-securities fund that doesn't stop at preferreds: the mandate also reaches into corporate bonds, high yield and convertibles. Running since 2013, big, actively traded, and it pays monthly.
Stated mandate
The fund seeks total return and current income. It normally invests at least 80% of net assets in preferred securities and income-producing debt securities, including corporate bonds, high-yield securities, and convertible securities.
Why people hold it
Worth knowing
FPE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
FPE$9,813
Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | FPE |
|---|---|
| Year to date | −2.3% |
| 1 month | 0.0% |
| 3 months | −3.1% |
| 1 year | −1.9% |
| 3 years | +9.1% |
| 5 years | +2.0% |
| 10 years | +4.2% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | FPE |
|---|---|---|
| 2026 YTD | −2.3% | |
| 2025 | +9.2% | |
| 2024 | +11.2% | |
| 2023 | +6.8% | |
| 2022 | −12.8% | |
| 2021 | +5.3% | |
| 2020 | +6.0% |
FPE in the news
FPE Dividends
- 6.38%
- $1.08
- $0.08 per share
- Monthly
FPE Risk
- 5.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.80
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.72
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
FPE Cost
Overpaying vs PFFD, cheapest in Preferred Securities
$11,100
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FPE 0.83%
$15,859
PFFD 0.23% Cheapest
$4,759
Cost over time
Year by year
| Year | FPE | PFFD | Overpaying |
|---|---|---|---|
| 10 | $1,474 | $419 | $1,055 |
| 20 | $5,581 | $1,630 | $3,951 |
| 30 | $15,859 | $4,759 | $11,100 |
Other funds in Preferred Securities
- BPFXFVanEck Preferred Securities ex Financials ETFExpense ratio 0.40%1 year return +0.1%
- BJHPIJohn Hancock Preferred Income ETFExpense ratio 0.54%1 year return −0.5%
- BGPRFGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFExpense ratio 0.45%1 year return −1.3%
- BPREFPrincipal Spectrum Preferred Securities Active ETFExpense ratio 0.55%1 year return +1.3%
- BHBRDInvesco U.S. Hybrid Bond ETFExpense ratio 0.40%1 year return
