First Trust Institutional Preferred Securities & Income ETF (FPEI)
FPEI is an actively managed ETF by First Trust. FPEI launched on Aug 22, 2017 and has a 0.85% expense ratio.
ETF Info
| ISIN | US33739P8555 |
|---|---|
| CUSIP | 33739P855 |
| Issuer | First Trust |
| Inception Date | Aug 22, 2017 |
| Region | Developed Markets (Broad) |
| Category | Preferred Stock/Convertible Bonds, Actively Managed |
| Leveraged | 1x |
| Index Tracked | No Index (Active) |
| Home Page | www.ftportfolios.com |
| Asset Class | Multi-Asset |
Asset Class Size | Multi-Cap |
Asset Class Style | Blend |
Expense Ratio
FPEI features an expense ratio of 0.85%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: FPEI vs. FPE, FPEI vs. PFXF, FPEI vs. VRP, FPEI vs. AGZD, FPEI vs. GTIP, FPEI vs. PFFA, FPEI vs. SPFF, FPEI vs. PSK, FPEI vs. PGF, FPEI vs. PFF
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in First Trust Institutional Preferred Securities & Income ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
First Trust Institutional Preferred Securities & Income ETF had a return of 10.73% year-to-date (YTD) and 17.57% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.73% | 25.45% |
| 1 month | -0.26% | 2.91% |
| 6 months | 6.37% | 14.05% |
| 1 year | 17.57% | 35.64% |
| 5 years (annualized) | 4.23% | 14.13% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of FPEI, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.64% | 0.67% | 1.26% | -1.07% | 2.56% | 0.82% | 1.35% | 1.79% | 2.03% | -1.21% | 10.73% | ||
| 2023 | 5.13% | -1.43% | -7.93% | 1.26% | -0.32% | 1.23% | 2.85% | -0.52% | -0.54% | -1.39% | 5.05% | 3.45% | 6.29% |
| 2022 | -1.12% | -2.03% | -0.69% | -2.44% | -0.86% | -4.43% | 4.11% | -0.51% | -5.33% | 1.36% | 2.44% | 1.41% | -8.19% |
| 2021 | 0.29% | 0.16% | 0.09% | 1.51% | 0.62% | 1.02% | 0.76% | 0.16% | 0.08% | -0.04% | -1.02% | 0.93% | 4.63% |
| 2020 | 1.31% | -2.93% | -13.12% | 6.92% | 3.04% | 2.44% | 2.35% | 2.61% | -0.72% | 0.54% | 3.68% | 2.17% | 7.08% |
| 2019 | 2.75% | 1.57% | 1.21% | 1.45% | -0.27% | 2.33% | 0.97% | 0.79% | 0.56% | 1.96% | 0.66% | 0.86% | 15.85% |
| 2018 | 0.52% | -0.85% | -1.64% | 0.50% | -0.99% | -0.69% | 1.63% | 0.23% | -0.58% | -0.53% | -2.10% | 0.19% | -4.29% |
| 2017 | 0.31% | 0.47% | 1.22% | 0.05% | 0.16% | 2.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FPEI is 90, placing it in the top 10% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for First Trust Institutional Preferred Securities & Income ETF (FPEI) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
First Trust Institutional Preferred Securities & Income ETF provided a 5.50% dividend yield over the last twelve months, with an annual payout of $1.04 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.04 | $1.03 | $0.93 | $0.91 | $1.00 | $1.01 | $1.06 | $0.30 |
Dividend yield | 5.50% | 5.75% | 5.20% | 4.46% | 4.91% | 5.02% | 5.83% | 1.49% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Institutional Preferred Securities & Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.08 | $0.08 | $0.09 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.00 | $0.86 | |
| 2023 | $0.08 | $0.08 | $0.09 | $0.08 | $0.10 | $0.08 | $0.09 | $0.09 | $0.09 | $0.07 | $0.09 | $0.09 | $1.03 |
| 2022 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.09 | $0.93 |
| 2021 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.08 | $0.07 | $0.91 |
| 2020 | $0.09 | $0.07 | $0.09 | $0.11 | $0.06 | $0.07 | $0.10 | $0.08 | $0.08 | $0.09 | $0.08 | $0.08 | $1.00 |
| 2019 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $1.01 |
| 2018 | $0.10 | $0.07 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.09 | $0.09 | $0.11 | $1.06 |
| 2017 | $0.07 | $0.07 | $0.10 | $0.06 | $0.30 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Institutional Preferred Securities & Income ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Institutional Preferred Securities & Income ETF was 27.51%, occurring on Mar 23, 2020. Recovery took 160 trading sessions.
The current First Trust Institutional Preferred Securities & Income ETF drawdown is 0.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.51% | Feb 19, 2020 | 24 | Mar 23, 2020 | 160 | Nov 6, 2020 | 184 |
| -16.46% | Sep 23, 2021 | 378 | Mar 24, 2023 | 248 | Mar 20, 2024 | 626 |
| -6.01% | Jan 29, 2018 | 227 | Dec 20, 2018 | 67 | Mar 29, 2019 | 294 |
| -1.98% | Feb 19, 2021 | 12 | Mar 8, 2021 | 25 | Apr 13, 2021 | 37 |
| -1.92% | Mar 27, 2024 | 14 | Apr 16, 2024 | 14 | May 6, 2024 | 28 |
Volatility
Volatility Chart
The current First Trust Institutional Preferred Securities & Income ETF volatility is 0.78%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.