FPECX

About FPECX

First Trust Preferred Securities and Income Fund Class C is a mutual fund designed to provide investors with a combination of current income and total return. Its core strategy is to invest at least 80% of its net assets in a diversified portfolio of preferred stock and debt instruments that share characteristics with preferred securities. The fund primarily targets investment grade securities, often issued by financial institutions and large corporations, and is benchmarked to indices tracking the U.S. preferred and hybrid securities markets. Notable holdings typically include major banks and financial companies such as Wells Fargo, Bank of America, and JPMorgan Chase, reflecting its focus on the financial sector. With a substantial number of holdings, the fund delivers diversification across issuers and security types. The fund pays monthly dividends, which appeals to those seeking regular income, and has delivered moderate historical returns. By participating in both equity- and debt-like instruments, the fund occupies a unique position in the fixed income and income-oriented segments of the market, providing exposure to assets that often feature higher yields than traditional bonds while also incorporating elements of credit and interest rate risk management.