First Trust Institutional Preferred Securities & Income ETF
$18.62−0.05 (−0.29%)
- 0.85%
- $1.86B
- +2.1%
- 6.03%
- 523K sh
- low $18.29high $19.61
The ETF.net FPEI Grade
C
Score 50 out of 100
- 20 of 31
Score 50 of 100 falls in the C 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.F7 out of 100Rank 29 of 31Mission
Whether the fund did what it promised, tested against its stated mandate.A74 out of 100Rank 6 of 26Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A78 out of 100Rank 3 of 31Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 15 of 31Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B68 out of 100Rank 9 of 30Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A76 out of 100Rank 8 of 31
Our read on FPEI
In short
CPreferred income from the institutional side of the market: at least 80% of assets in institutional preferred securities and income-producing debt, roughly 170 positions, cash paid monthly.
Stated mandate
The fund seeks total return and current income, investing at least 80% of assets in institutional preferred securities and income-producing debt securities under normal conditions.
Why people hold it
Worth knowing
FPEI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
FPEI$10,207
Returns run to the Nov 9, 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 | FPEI |
|---|---|
| Year to date | +1.1% |
| 1 month | +1.2% |
| 3 months | −1.3% |
| 1 year | +2.1% |
| 3 years | +9.7% |
| 5 years | +3.7% |
| 10 years |
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 | FPEI |
|---|---|---|
| 2026 YTD | +1.1% | |
| 2025 | +9.8% | |
| 2024 | +10.9% | |
| 2023 | +6.3% | |
| 2022 | −8.2% | |
| 2021 | +4.6% | |
| 2020 | +6.7% |
FPEI in the news
FPEI Dividends
- 6.03%
- $1.13
- $0.10 per share
- Monthly
FPEI Risk
- 5.0%
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.
- 1.04
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.
- −16.3%
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.
- 0.65
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.
FPEI Cost
Overpaying vs PFFD, cheapest in Preferred Securities
$11,440
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
FPEI 0.85%
$16,199
PFFD 0.23% Cheapest
$4,759
Cost over time
Year by year
| Year | FPEI | PFFD | Overpaying |
|---|---|---|---|
| 10 | $1,508 | $419 | $1,089 |
| 20 | $5,706 | $1,630 | $4,076 |
| 30 | $16,199 | $4,759 | $11,440 |
Other funds in Preferred Securities
- CPRIZZacks Preferred Income ETFExpense ratio 0.45%1 year return
- CCSPFCohen & Steers Preferred and Income Opportunities Active ETFExpense ratio 0.59%1 year return +4.2%
- CEPRFInnovator S&P Inv. Grade Preferred ETFExpense ratio 0.47%1 year return −6.4%
- CPQDIPrincipal Spectrum Preferred and Income ETFExpense ratio 0.60%1 year return +1.5%
- CPRFDPIMCO Preferred And Capital Securities Active Exchange-Traded FundExpense ratio 0.72%1 year return +1.5%
