---
ticker: "FPEI"
name: "First Trust Institutional Preferred Securities & Income ETF"
url: "https://etf.net/etf/FPEI"
grade: "C"
score: 51
graded_at: "2026-10-12"
category: "Preferred Securities"
category_rank: "18 of 31"
methodology: "https://etf.net/methodology"
---

# FPEI: First Trust Institutional Preferred Securities & Income ETF

Grade **C**, Score 51 of 100. Rank 18 of 31 in Preferred Securities.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 10 | 28 of 31 |
| Mission | 73 | 10 of 26 |
| Risk | 77 | 4 of 31 |
| Tradability | 52 | 14 of 31 |
| Holdings | 69 | 12 of 29 |
| Durability | 76 | 8 of 31 |

## Top holdings

The fund holds 178 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | BANK OF AMERICA CORP Variable rate | 3.25% |
| 2 | — | CITIGROUP INC Series HH, Variable rate | 2.17% |
| 3 | — | CREDIT AGRICOLE SA Variable rate | 1.98% |
| 4 | — | ING GROEP NV Variable rate | 1.75% |
| 5 | — | BANCO BILBAO VIZCAYA ARGENTARIA Variable rate | 1.65% |
| 6 | — | ENBRIDGE INC Variable rate, due 01/15/2084 | 1.54% |
| 7 | — | CHARLES SCHWAB CORP Series H, Variable rate | 1.49% |
| 8 | — | BANCO SANTANDER SA Variable rate | 1.48% |
| 9 | — | BANK OF MONTREAL Variable rate, due 05/26/2084 | 1.45% |
| 10 | — | BNP PARIBAS Variable rate | 1.31% |
| 11 | — | COMMERZBANK AG Variable rate | 1.29% |
| 12 | — | CANADIAN IMPERIAL BANK Variable rate, due 10/28/2085 | 1.26% |
| 13 | — | HSBC HOLDINGS PLC Variable rate | 1.23% |
| 14 | — | JPMORGAN CHASE & CO Variable rate | 1.23% |
| 15 | — | BNP PARIBAS Variable rate | 1.21% |
| 16 | — | VERIZON COMMUNICATIONS Variable rate, due 02/15/2057 | 1.19% |
| 17 | — | WELLS FARGO & COMPANY Variable rate | 1.18% |
| 18 | — | BARCLAYS PLC Variable rate | 1.12% |
| 19 | — | BELL CANADA Variable rate, due 09/15/2055 | 1.11% |
| 20 | — | WELLS FARGO & COMPANY Variable rate | 1.09% |
| 21 | — | NATWEST GROUP PLC Variable rate | 1.09% |
| 22 | — | SOCIETE GENERALE Variable rate | 1.06% |
| 23 | — | LLOYDS BANKING GROUP PLC Variable rate | 1.05% |
| 24 | — | BANK OF NOVA SCOTIA Variable rate, due 10/27/2085 | 1.02% |
| 25 | WFC-PL | Wells Fargo & Company, Series L, 7.500% | 1.02% |
| 26 | — | THE AES CORP Variable rate, due 07/15/2055 | 1.02% |
| 27 | — | ATHENE HOLDING LTD Variable rate, due 06/28/2055 | 0.98% |
| 28 | — | THE HARTFORD INSUR GRP INC Variable rate, due 02/12/2047 | 0.98% |
| 29 | — | AMERICAN ELECTRIC POWER Variable rate, due 03/15/2056 | 0.98% |
| 30 | — | EUSHI FINANCE INC Variable rate, due 04/01/2056 | 0.97% |

Source: etf.net, https://etf.net/etf/FPEI. Please cite the page URL.