FPE 📈 First Trust Preferred - Overview

The First Trust Preferred Securities and Income ETF, listed on the NYSE ARCA under the ticker FPE, is designed to provide investors with a diversified portfolio of income-generating securities. Under normal market conditions, the fund allocates at least 80% of its net assets, which includes any investment borrowings, towards preferred securities and income-producing debt securities. This strategic allocation is aimed at maximizing the potential for regular income distributions while managing risk. The fund's investment universe includes a wide range of securities that are either traded over-the-counter or listed on a recognized exchange, providing a broad scope for portfolio construction.

In terms of its operational structure, the fund is domiciled in the United States, which subjects it to U.S. regulatory oversight and tax environment. The fund's ISIN, US33739E1082, is a unique identifier used globally to distinguish it from other securities. As an exchange-traded fund (ETF), FPE offers investors the benefits of trading flexibility, transparency in holdings, and diversification. Specifically categorized as a preferred stock ETF, the fund is tailored to meet the needs of investors seeking income from preferred securities, which typically offer a higher claim on assets and earnings than common stock but rank below debt securities in terms of claim priority.

For more information about the First Trust Preferred Securities and Income ETF, including its investment objectives, strategies, and performance, investors can visit the website of its issuer, First Trust, at http://www.ftportfolios.com/. This resource provides comprehensive details about the fund's portfolio composition, historical returns, and other key metrics that can aid in investment decision-making. By leveraging such information, investors can better understand how FPE aligns with their investment goals and risk tolerance, particularly those seeking a regular income stream from a diversified portfolio of preferred and income-producing debt securities.