ATLASFirst Trust Preferred Securities and Income ETF (FPE): outlook, holdings and fees
First Trust Preferred Securities and Income ETF (FPE) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.88% and the yield is 6.42%. The ten largest holdings are 11% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on FPE
| Last price | $17.00 (+0.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 66% |
| Likely 1-month range (50%) | $16.94 – $17.26 |
| Normal 1-day range (±1σ) | ±0.3% |
| Distribution yield | 6.42% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
FPE fund facts
| Issuer | First Trust |
|---|---|
| Theme | Bonds (broad) |
| Assets under management | $5.9B |
| Expense ratio | 0.88% |
| Number of holdings | 13 |
| Portfolio turnover | 36% |
| Inception | Feb 11, 2013 |
| Exchange | NYSE |
Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in preferred securities (Preferred Securities) and income-producing debt securities (Income Securities). The fund invests in securities that are traded over-the-counter or listed on an exchange.
FPE top holdings
| Holding | Sector | Weight |
|---|---|---|
| Wells Fargo & Company WFC-PL | Financial Services | 1.97% |
| Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 XELLL | – | 1.22% |
| SCHW 4 US808513BJ38 | – | 1.10% |
| Corebridge Financial Inc. 6.375 CRBD | – | 1.10% |
| Enstar Group Ltd Pref Series D ESGRP | Financial Services | 1.05% |
| T-Mobile US, Inc. 5.500% Senior Notes due March 2070 TMUSZ | – | 0.94% |
| Aegon Funding Company LLC 5.10% AEFC | Other | 1.00% |
| DTE Energy Company 2025 Series DTK | – | 0.97% |
| F&G Annuities & Life Inc. 7.300% Junior Subordinated Notes due 2065 FGSN | – | 0.94% |
| Athene Holding Ltd. 7.250% Fixed ATHS | – | 0.71% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
FPE returns and risk
| Year to date | -2.1% |
|---|---|
| 1 year | -0.8% |
| 3 years (annualised) | +9.0% |
| 5 years (annualised) | +2.2% |
| 10 years (annualised) | +4.1% |
| Volatility (3 years) | 5.9% |
| Sharpe ratio (3 years) | 0.67 |
Past returns do not guarantee future results.
FPE: frequently asked questions
What does FPE invest in?
First Trust Preferred Securities and Income ETF invests in a portfolio of securities. Its largest holdings are Wells Fargo & Company (2.0%), Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (1.2%), SCHW 4 (1.1%), Corebridge Financial Inc. 6.375 (1.1%), Enstar Group Ltd Pref Series D (1.1%).
What is the FPE expense ratio?
0.88% a year: about $88.00 for every $10,000 invested.
What is the FPE dividend yield?
6.42%. ATLAS does not hold the exact distribution dates for ETFs.
Will FPE go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 66%, with a likely range (50%) of $16.94 to $17.26 from $17.00 today. It is a probability, not a prediction.
How has FPE performed?
Year to date -2.1%, one year -0.8%, three years +9.0% a year, five years +2.2% a year. Past returns do not guarantee future results.
Similar ETFs: Bonds (broad)
- Vanguard Total Bond Market ETF (BND)
- Vanguard Tax-Exempt Bond ETF (VTEB)
- Vanguard Short-Term Bond ETF (BSV)
- JPMorgan Equity Premium Income ETF (JEPI)
- JPMorgan Nasdaq Equity Premium Income ETF (JEPQ)
- Vanguard Intermediate-Term Bond ETF (BIV)
- NEOS S&P 500 High Income ETF (SPYI)
- Dimensional Core Fixed Income ETF (DFCF)
Educational information, not investment advice. Disclaimer