Overview
First Trust Institutional Preferred Securities and Income ETF (FPEI) is managed by First Trust. The fund was launched on 2017-08-22 and trades on the NYSE Arca.
Fund Details
- Category: Growth and Income
- General Category: Taxable Bond
- Expense Ratio: 0.00%
- Assets Under Management: $1,495M
- Actively Managed: Yes
- SEC CIK Code: 0001424212
- Benchmark: ICE BofA Contingent Capital [40.00%]; ICE BofA US IG Inst Captl [45.00%]; ICE BofA US HY Inst Captl [15.00%]
Investment Strategy
This Taxable Bond fund is actively managed and tracks the ICE BofA Contingent Capital [40.00%]; ICE BofA US IG Inst Captl [45.00%]; ICE BofA US HY Inst Captl [15.00%].