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ETFs

First Trust Institutional Preferred Securities and Income ETF

FPEI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 22, 2017
Expense Ratio
0.85%
Type
Global Diversified
Fund Owner
First Trust
Volume (1m avg. daily)
$4,483,018
AUM
$1,058,304,033
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

TD5487531
TORONTO-DOMINION BANK Variable rate due 10/31/2082
3.02%
n/a
BANK OF AMERICA CORP Series TT Variable rate
2.20%
ISNP4288869
INTESA SANPAOLO SPA Variable rate
2.15%
CRBG5594668
COREBRIDGE FINANCIAL INC Variable rate due 12/15/2052
1.97%
n/a
ING Groep N.V. - FXDFR CS PERPETUAL USD 200000 - XS2585240984
1.92%
BNS5491221
BANK OF NOVA SCOTIA Variable rate due 10/27/2082
1.87%
HBC5549062
HSBC HOLDINGS PLC Variable rate
1.87%
LNC5503201
Lincoln National Corp 9.25% Non Cum Perp Pfd Registered Shs Series C
1.87%
BNP5630764
BNP PARIBAS Variable rate
1.76%
SR11
Barclays plc - FXDFR BD PERPETUAL USD 200000
1.75%
Invest with FPEI

What is FPEI?

The First Trust Institutional Preferred Securities and Income ETF is an actively managed exchange-traded fund. The funds investment objective is to seek total return and to provide current income. Under normal market conditions, the Fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities.

ETFs related toFPEI

ETFs correlated to FPEI include FPE, VRP, PREF

FPEI
First Trust Exchange-Traded Fund III - First Trust Institutional Preferred Securities and Income ETF
FPE
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF
VRP
Invesco Capital Management LLC - Invesco Variable Rate Preferred ETF
PREF
Principal Exchange-Traded Funds - Principal Spectrum Preferred Securities Active ETF
PGX
Invesco Capital Management LLC - Invesco Preferred ETF
VRIG
Invesco Capital Management LLC - Invesco Variable Rate Investment Grade ETF
PFF
BlackRock Institutional Trust Company N.A. - iShares Trust iShares Preferred and Income Securities ETF
GJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - July
FLTR
VanEck ETF Trust - VanEck IG Floating Rate ETF
PGF
Invesco Capital Management LLC - Invesco Financial Preferred ETF
HYGH
BlackRock Institutional Trust Company N.A. - iShares Interest Rate Hedged High Yield Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toFPEI

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#LSPC

Lever up S&P with a Commodity Hedge

Category

Composer's Picks, Leverage: High Risk, High Reward

Risk Rating

Moderate

Create your own algorithmic trading strategy with FPEI using Composer

News Related to FPEI

A New Professional Way To Play Preferreds

Aug 25, 2017 • by Benzinga
Read

FAQ

FPEI is a Global Diversified ETF. The First Trust Institutional Preferred Securities and Income ETF is an actively managed exchange-traded fund. The funds investment objective is to seek total return and to provide current income. Under normal market conditions, the Fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities.

FPEI dividend information: Preferred Stock. Dividend payouts may vary in terms of frequency of payouts.

Yes, FPEI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, FPEI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FPEI is -0.0013%. This is the percent change in the value of FPEI over the most recent 1-month period. The 3-month return on FPEI is 0.0282%. This is the percent change in the value of FPEI over the most recent 3-month period.

The standard deviation of FPEI for the past year is 0.1004%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FPEI include AOR, DRSK, and RLY.

ETFs correlated to FPEI include FPE, VRP, and PREF.

ETFs that are inversely correlated to FPEI include XBIL, VIXM, and OBIL.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.