USX:FPEI - First Trust Institutional Preferred Securities and Income ETF First Trust Institutional Pref
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USD 20.735    +0.015 (+0.07%)
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24 Sep 2021


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Top 5 Holdings

BARCLAYS PLC Va.., 3.87%

US Dollar, 2.82%

ENBRIDGE INC Va.., 2.81%

JPMORGAN CHASE .., 2.47%

EMERA INC Varia.., 2.26%

Description

The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities (Income Securities). Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.