FFirst Trust Preferred Securities & Income ETF

First Trust Preferred Securities & Income ETF (FPE) is an actively managed exchange-traded fund launched and managed by First Trust Advisors LP, co-managed by Stonebridge Advisors, LLC. Under normal market conditions, the fund invests at least 80% of its net assets in preferred securities and income-producing debt securities. Its holdings span preferred securities, corporate bonds, high-yield securities, convertible securities, and investment-grade securities, with roughly 37.5% of the portfolio invested in foreign issues. Launched in February 2013, the fund holds approximately 260 securities and has grown to roughly $6.2 billion in assets under management.

1 Exchange-Traded Security