First Trust Preferred Securities and Income ETF
Actively managed global bond ETF
As of its 2026 Q2 report, First Trust Preferred Securities and Income ETF held 259 positions with $6.37B in net assets. Its ten largest holdings made up 14.9% of the fund. The FPE share class costs 0.83% a year. Over the 12 months to May 2026, FPE returned 8.7%, with dividends reinvested. In 2026 Q3 it added 12 new positions and exited 12.
The First Trust Preferred Securities and Income ETF s (the Fund ) investment objective is to seek total return and to provide current income.
The fund is managed by a sub-advisor that employs bottom-up and top-down analysis to select preferred securities and income-producing debt securities offering the best relative value, focusing on credit fundamentals, relative value, and technical factors including interest rate sensitivity, call features, and liquidity. The portfolio maintains at least 60% in investment-grade securities and up to 40% in high-yield securities, with at least 25% concentrated in the financial sector and an expected average duration of three to 12 years. Because security selection depends on the sub-advisor's relative-value judgments and credit analysis, portfolio performance will diverge from any benchmark based on those discretionary picks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
BANK OF AMERICA CORP 6.63% | 2.52% | $160.64M | — | — |
WELLS FARGO & COMPANY | 2.07% | $131.68M | 110.6K | $1,190.81 |
BARCLAYS PLC 8.00% | 1.65% | $105.25M | — | — |
NEXTERA ENERGY CAPITAL HOLDINGS INC | 1.40% | $88.92M | 3.5M | $25.60 |
JP MORGAN CHASE & COMPANY 6.88% | 1.35% | $85.84M | — | — |
XCEL ENERGY INC | 1.25% | $79.69M | 3.3M | $24.42 |
CREDIT AGRICOLE SA 7.13% | 1.23% | $78.17M | — | — |
CITIGROUP INC 6.63% | 1.20% | $76.45M | — | — |
BNP PARIBAS SA 7.20% | 1.13% | $72.16M | — | — |
T-MOBILE USA INC | 1.09% | $69.29M | 3.1M | $22.20 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
The 200 largest of 259 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 72.02% |
| Stocks | 26.71% |
| Cash & short-term | 0.01% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified. The blend is as of 2025Q3, one or more quarters before the direct holdings (2026Q2).
By sector
- Financials
- 34.3%
- International
- 29.0%
- Other
- 16.1%
- Utilities
- 12.7%
- 8 other sectors
- 8.0%
- Financials
- 34.3%
- International
- 29.0%
- Other
- 16.1%
- Utilities
- 12.7%
- Communication Services
- 3.2%
- Consumer Staples
- 1.5%
- Energy
- 1.0%
- Government
- 0.7%
- Industrials
- 0.5%
- Consumer Discretionary
- 0.5%
- Information Technology
- 0.3%
- Real Estate
- 0.3%
How it has done
FPE share class · total returns with dividends reinvested
Volatility over the last 12 months: 4.32%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
First Trust Preferred Securities and Income ETF is an actively managed global bond ETF.
- Asset class
- Bonds
- Region
- Global
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.83%· FPE 0.83%
- Portfolio turnover
- 42.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
12 new· the largest 7
12 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 96.7% |
| Floating rate | 3.3% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 0.5% |
| 5-10y | 0.5% |
| 10y+ | 37.5% |
| Unknown | 61.5% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 54% |
| Interest rates | 46% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +5.21 yr |
| High yield | +0.85 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.59 yr | 11% |
| 5 yr | 1.78 yr | 34% |
| 10 yr | 1.82 yr | 35% |
| 30 yr | 1.04 yr | 20% |
| 3 mo | 0.00 yr | 0% |
| 1 yr | 0.44 yr | 7% |
| 5 yr | 2.56 yr | 42% |
| 10 yr | 2.79 yr | 46% |
| 30 yr | 0.27 yr | 4% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.00 | +0.00 | $4 | $247 |
| 1 yr | +0.59 | +0.32 | +0.12 | $206.4k | $73.9k |
| 5 yr | +1.78 | +2.13 | +0.43 | $1.35m | $275.1k |
| 10 yr | +1.82 | +2.49 | +0.29 | $1.59m | $187.1k |
| 30 yr | +1.04 | +0.26 | +0.01 | $166.8k | $4.1k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
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