- ISIN
- US33738A1319
- Issuer
- First Trust
- Inception Date
- Jan 10, 2011
- Category
- Preferred Stock
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Preferred Stock
Share Price Chart
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Performance
FPEIX Performance Chart
First Trust Preferred Securities and Income Fund (FPEIX) is down 0.3% since the beginning of the year. FPEIX is currently trading at $20 per share. Investors who bought $1,000 worth of FPEIX shares 5 years ago would now be looking at an investment worth $1,132.
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Compare this symbol against anything
Returns By Period
First Trust Preferred Securities and Income Fund (FPEIX) has returned -0.27% so far this year and 4.45% over the past 12 months. Over the last ten years, FPEIX has returned 4.66% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
First Trust Preferred Securities and Income Fund
- 1D
- 0.10%
- 1M
- -0.74%
- 6M
- -0.92%
- YTD
- -0.27%
- 1Y
- 4.45%
- 3Y*
- 8.57%
- 5Y*
- 2.51%
- 10Y*
- 4.66%
- ALL TIME*
- 5.16%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
FPEIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 12, 2011, FPEIX's average daily return is +0.02%, while the average monthly return is +0.44%. At this rate, an investment would double in approximately 13.2 years.
Historically, 68% of months were positive and 32% were negative. The best month was Apr 2020 with a return of +9.5%, while the worst month was Mar 2020 at -16.2%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, FPEIX closed higher 50% of trading days. The best single day was Aug 9, 2011 with a return of +5.2%, while the worst single day was Mar 18, 2020 at -8.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.65% | 0.44% | -2.84% | 2.32% | -0.03% | -0.13% | -0.60% | -0.27% | |||||
| 2025 | 1.23% | 0.21% | -0.69% | -1.20% | 1.87% | 1.64% | 1.47% | 1.16% | 1.50% | 1.34% | 0.06% | 0.55% | 9.48% |
| 2024 | 1.49% | 0.85% | 1.63% | -1.02% | 2.01% | 0.69% | 1.35% | 1.85% | 2.13% | -0.48% | 0.56% | -0.53% | 10.99% |
| 2023 | 6.64% | -1.45% | -9.33% | 0.94% | 0.16% | 1.00% | 2.50% | -0.34% | -0.94% | -1.88% | 5.32% | 3.50% | 5.32% |
| 2022 | -1.73% | -2.63% | -0.56% | -3.02% | -0.58% | -4.68% | 4.20% | -1.16% | -4.23% | -0.33% | 2.46% | 0.36% | -11.60% |
| 2021 | -0.09% | 0.00% | 0.67% | 1.34% | 0.62% | 1.28% | 0.61% | 0.35% | 0.09% | -0.09% | -1.10% | 1.07% | 4.85% |
Benchmark Metrics
First Trust Preferred Securities and Income Fund has an annualized alpha of 3.28%, beta of 0.16, and R2 of 0.19 versus S&P 500 Index. Calculated based on daily prices since January 12, 2011.
- This fund participated in 30.53% of S&P 500 Index downside but only 30.15% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.16 may look defensive, but with R2 of 0.19 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.19 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.28%
- Beta
- 0.16
- R²
- 0.19
- Upside Capture
- 30.15%
- Downside Capture
- 30.53%
Expense Ratio
FPEIX has a high expense ratio of 1.00%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
FPEIX ranks 58 for risk / return — above 58% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for First Trust Preferred Securities and Income Fund (FPEIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FPEIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.25 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 2.00 | -0.54 |
| Martin ratioReturn relative to average drawdown | 5.32 | 8.49 | -3.17 |
Dividends
Dividend History
First Trust Preferred Securities and Income Fund provided a 4.62% dividend yield over the last twelve months, with an annual payout of $0.93 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.93 | $1.11 | $1.11 | $0.98 | $1.01 | $1.06 | $1.10 | $1.20 | $1.20 | $1.20 | $1.20 | $1.18 |
Dividend yield | 4.62% | 5.40% | 5.60% | 5.17% | 5.30% | 4.70% | 4.88% | 5.36% | 5.93% | 5.36% | 5.66% | 5.56% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Preferred Securities and Income Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.09 | $0.00 | $0.09 | $0.09 | $0.09 | $0.09 | $0.00 | $0.46 | |||||
| 2025 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.11 |
| 2024 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.11 |
| 2023 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.00 | $0.09 | $0.09 | $0.09 | $0.98 |
| 2022 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $1.01 |
| 2021 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.09 | $0.08 | $0.08 | $1.06 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Preferred Securities and Income Fund. 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 Preferred Securities and Income Fund was 27.83%, occurring on Mar 23, 2020. Recovery took 161 trading sessions.
The current First Trust Preferred Securities and Income Fund drawdown is 1.44%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-27.83%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 | COVID crash2020 |
-19.66%Mar 2023 | 1y 6mo | 1y 5mo | 2y 11moSep 2021 - Aug 2024 | — |
-12.01%Aug 2013 | 3mo 12d | 1y 2mo | 1y 5moMay 2013 - Oct 2014 | — |
-11.49%Aug 2011 | 2mo 20d | 5mo 20d | 8mo 10dMay 2011 - Jan 2012 | — |
-5.11%Dec 2018 | 11mo 26d | 2mo 3d | 1y 1moJan 2018 - Feb 2019 | Rate-hike selloffLate 2018 |
Drawdown Indicators
| FPEIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.83% | -56.78% | +28.95% |
Max Drawdown (1Y)Largest decline over 1 year | -3.62% | -9.10% | +5.48% |
Max Drawdown (3Y)Largest decline over 3 years | -4.11% | -18.90% | +14.79% |
Max Drawdown (5Y)Largest decline over 5 years | -19.66% | -25.43% | +5.77% |
Max Drawdown (10Y)Largest decline over 10 years | -27.83% | -33.92% | +6.09% |
Current DrawdownCurrent decline from peak | -1.44% | -1.58% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -10.70% | +7.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 2.14% | -1.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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