First Trust Institutional Preferred Securities and Income ETF FPEI
Source: Yahoo Finance (opens in a new tab) Observed · 1 day ago Quotes may be delayed
- Expense ratio
- 0.85%
- Net assets
- $1.9B
- Holdings
- 174
- 12-month distribution yield
- 6.06%
- Asset class
- Fixed income
First Trust Institutional Preferred Securities and Income ETF (FPEI) is an exchange-traded fund listed on NYSE Arca in the United States, issued by First Trust. Its category is Fixed income · Global (fixed income). Its last price was US$18.49 on 20 Oct 2026. Its expense ratio is 0.85% a year, from its prospectus dated 2 Mar 2026. It reported net assets of US$1.93 billion as of 31 Jul 2026. Its latest holdings report lists 174 holdings as of 31 Jul 2026. Over the last 12 months it paid distributions of US$1.12 a unit, a 12-month distribution yield of 6.06%, paid monthly.
Fees
- Total annual operating expenses (gross)
- 0.85%
- Net, after fee waivers or reimbursements
- No waiver stated
- Management fee
- 0.85%
- Prospectus date
- 2 Mar 2026
- Filed with the SEC
- 27 Feb 2026
Size and reporting
- Net assets
- $1,928,833,844
- Total assets
- $1,930,309,172
- Holdings as of
- 31 Jul 2026
- Report made public
- 24 Sep 2026 (55 days after the month end)
Top holdings
Largest 25 of 174 positions, as of 31 Jul 2026. Weight is the percent of net assets the fund reported.
| # | Holding | Identifier | Weight | Value (USD) | Type | Country | Currency |
|---|---|---|---|---|---|---|---|
| 1 | BANK OF AMERICA CORP BAC V6.625 PERP | US06055HAH66 | 2.90% | $56.0M | Debt | United States | USD |
| 2 | CREDIT AGRICOLE SA ACAFP V7.125 PERP 144A | US225313AT28 | 2.02% | $39.0M | Debt | France | USD |
| 3 | CITIGROUP INC C V6.625 PERP | US172967QJ33 | 1.89% | $36.4M | Debt | United States | USD |
| 4 | ING GROEP NV INTNED V7 PERP . | US456837BT90 | 1.73% | $33.4M | Debt | Netherlands | USD |
| 5 | BANCO BILBAO VIZCAYA ARGENTARIA SA BBVASM V7.75 PERP | US05946KAS06 | 1.64% | $31.6M | Debt | Spain | USD |
| 6 | TORONTO DOMINION BANK (THE) TD V8.125 10/31/82 | US89117F8Z56 | 1.61% | $31.1M | Debt | Canada | USD |
| 7 | ENBRIDGE INC ENBCN V8.5 01/15/84 | US29250NBT19 | 1.52% | $29.3M | Debt | Canada | USD |
| 8 | BANCO SANTANDER SA SANTAN V9.625 PERP _ | US05971KAQ22 | 1.46% | $28.2M | Debt | Spain | USD |
| 9 | CHARLES SCHWAB CORP (THE) SCHW V4 PERP H | US808513BJ38 | 1.44% | $27.9M | Debt | United States | USD |
| 10 | BANK OF MONTREAL BMO V7.7 05/26/84 | US06368LQ586 | 1.40% | $26.9M | Debt | Canada | USD |
| 11 | BNP PARIBAS SA BNP V8.5 PERP 144A | US05565A5R02 | 1.28% | $24.6M | Debt | France | USD |
| 12 | COMMERZBANK AG CMZB V7.5 PERP EMTN | XS2914160804 | 1.26% | $24.3M | Debt | Germany | USD |
| 13 | BNP PARIBAS SA BNP V7.2 PERP 144A | US05602XQS08 | 1.24% | $23.8M | Debt | France | USD |
| 14 | HSBC HOLDINGS PLC HSBC V6.95 PERP | US404280EJ42 | 1.23% | $23.7M | Debt | United Kingdom | USD |
| 15 | CANADIAN IMPERIAL BANK OF COMMERCE CM V7 10/28/85 | US13607P7Y41 | 1.22% | $23.6M | Debt | Canada | USD |
| 16 | WELLS FARGO & COMPANY WFC V6.85 PERP | US95002YAC75 | 1.21% | $23.3M | Debt | United States | USD |
| 17 | JP MORGAN CHASE & COMPANY JPM V6.875 PERP NN | US48128BAQ41 | 1.19% | $22.9M | Debt | United States | USD |
| 18 | HARTFORD INSURANCE GROUP INC (THE) HIG F 02/12/47 ICON | US416515BC76 | 1.18% | $22.8M | Debt | United States | USD |
| 19 | BELL CANADA BCECN V7 09/15/55 | US0778FPAQ20 | 1.11% | $21.5M | Debt | Canada | USD |
| 20 | BARCLAYS PLC BACR V8 PERP | US06738EBX22 | 1.09% | $21.1M | Debt | United Kingdom | USD |
| 21 | NATWEST GROUP PLC NWG V8.125 PERP | US639057AQ15 | 1.08% | $20.9M | Debt | United Kingdom | USD |
| 22 | WELLS FARGO & COMPANY WELLS FARGO & COMPANY 7.5% NON-CUMULATIVE PERPETUAL CONVERTIBLE CLASS A PREFERRED STOCK, SERIES L | US9497468044 | 1.08% | $20.7M | Equity (preferred) | United States | USD |
| 23 | SOCIETE GENERALE SA SOCGEN V10 PERP 144A | US83371GAA94 | 1.04% | $20.0M | Debt | France | USD |
| 24 | EUSHI FINANCE INC EMACN V6.25 04/01/56 | US29882DAC74 | 1.04% | $20.0M | Debt | United States | USD |
| 25 | AMERICAN ELECTRIC POWER COMPANY INC AEP V6.05 03/15/56 D | US02557TAF66 | 1.03% | $19.9M | Debt | United States | USD |
Breakdowns
Sums of reported weights over every position in the report. Totals can differ from 100% because of derivatives, borrowing and cash.
Asset type
| Type | Weight | Bar |
|---|---|---|
| Debt | 96.86% | |
| Equity (preferred) | 1.26% |
Country
| Country | Weight | Bar |
|---|---|---|
| United States | 47.90% | |
| Canada | 16.11% | |
| France | 9.32% | |
| United Kingdom | 7.85% | |
| Spain | 5.69% | |
| Netherlands | 2.51% | |
| Germany | 2.47% | |
| Japan | 2.08% | |
| Cayman Islands | 1.72% | |
| Finland | 0.77% | |
| Switzerland | 0.71% | |
| Sweden | 0.42% | |
| Other (2) | 0.56% |
Currency exposure
| Currency | Weight | Bar |
|---|---|---|
| US dollar (USD) | 98.12% |
Sector
No sector data
Source: SEC Form N-PORT (opens in a new tab) Holdings as of
Distributions
- Paid in the last 12 months
- $1.1210
- 12-month yield
- 6.06%
- Frequency
- Monthly
- Latest ex-date
- 24 Sep 2026
12-month yield = distributions per unit with an ex-date in the last 12 months ($1.1210) ÷ latest price ($18.49) × 100 = 6.06%. It looks back, so it is not a forecast; special distributions in the window are included.
Why a distribution yield is not the fund's return: yield vs total return
Distribution history table (59 payments)
| Ex-date | Amount per unit |
|---|---|
| 24 Sep 2026 | $0.0930 |
| 21 Aug 2026 | $0.0970 |
| 21 Jul 2026 | $0.0950 |
| 25 Jun 2026 | $0.0900 |
| 21 May 2026 | $0.0990 |
| 21 Apr 2026 | $0.0900 |
| 26 Mar 2026 | $0.0920 |
| 20 Feb 2026 | $0.0860 |
| 21 Jan 2026 | $0.0910 |
| 12 Dec 2025 | $0.1060 |
| 21 Nov 2025 | $0.0910 |
| 21 Oct 2025 | $0.0910 |
| 25 Sep 2025 | $0.0850 |
| 21 Aug 2025 | $0.0940 |
| 22 Jul 2025 | $0.0910 |
| 26 Jun 2025 | $0.0860 |
| 21 May 2025 | $0.0910 |
| 22 Apr 2025 | $0.0920 |
| 27 Mar 2025 | $0.0880 |
| 21 Feb 2025 | $0.0850 |
| 22 Jan 2025 | $0.0890 |
| 13 Dec 2024 | $0.0870 |
| 21 Nov 2024 | $0.0890 |
| 22 Oct 2024 | $0.0910 |
| 26 Sep 2024 | $0.0800 |
| 21 Aug 2024 | $0.0910 |
| 23 Jul 2024 | $0.0880 |
| 27 Jun 2024 | $0.0900 |
| 21 May 2024 | $0.0890 |
| 23 Apr 2024 | $0.0840 |
| 21 Mar 2024 | $0.0880 |
| 21 Feb 2024 | $0.0810 |
| 23 Jan 2024 | $0.0810 |
| 22 Dec 2023 | $0.0870 |
| 21 Nov 2023 | $0.0860 |
| 24 Oct 2023 | $0.0740 |
| 22 Sep 2023 | $0.0880 |
| 22 Aug 2023 | $0.0890 |
| 21 Jul 2023 | $0.0890 |
| 27 Jun 2023 | $0.0840 |
| 23 May 2023 | $0.0950 |
| 21 Apr 2023 | $0.0810 |
| 24 Mar 2023 | $0.0880 |
| 22 Feb 2023 | $0.0820 |
| 24 Jan 2023 | $0.0820 |
| 23 Dec 2022 | $0.0890 |
| 22 Nov 2022 | $0.0720 |
| 21 Oct 2022 | $0.0810 |
| 23 Sep 2022 | $0.0830 |
| 23 Aug 2022 | $0.0760 |
| 21 Jul 2022 | $0.0770 |
| 24 Jun 2022 | $0.0750 |
| 24 May 2022 | $0.0770 |
| 21 Apr 2022 | $0.0680 |
| 25 Mar 2022 | $0.0830 |
| 18 Feb 2022 | $0.0730 |
| 21 Jan 2022 | $0.0720 |
| 23 Dec 2021 | $0.0690 |
| 23 Nov 2021 | $0.0810 |
Filings and sources
- Form N-PORT report for July 2026 (opens in a new tab)
- Prospectus filing with the fee table (opens in a new tab)
- All SEC filings for this fund series (S000058182) (opens in a new tab)
- Nasdaq Trader symbol directory (opens in a new tab)
- Yahoo Finance quote and distributions (opens in a new tab)
- How the ETF figures are collected
Compare with
Largest funds in the same category:
- FPEI and VCSH Vanguard Short-Term Corporate Bond ETF
- FPEI and JPST JPMorgan Ultra-Short Income ETF
- FPEI and USHY iShares Broad USD High Yield Corporate Bond ETF
- FPEI and IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF