FPEFX

About FPEFX

First Trust Preferred Securities and Income Fund Class F is an open-end mutual fund designed to provide investors with current income and total return. The fund primarily invests in a diversified portfolio of preferred securities and corporate debt instruments, with a significant focus on investment-grade issues. At least 80% of its assets are allocated to preferred stock and debt instruments that share similar characteristics with preferred stock, offering a blend of equity and fixed income features. A notable characteristic of the fund is its exposure to major financial institutions, with top holdings including preferred shares and debt from leading banks such as Bank of America, Wells Fargo, Barclays, and JPMorgan Chase. The portfolio also incorporates international and convertible securities, though the majority of assets are biased toward U.S. issuers and the financial sector. As a vehicle within the preferred stock category, this fund plays an important role for investors seeking income-generating assets with potentially lower volatility than common equities but higher yields than traditional bonds. With medium-term risk/return characteristics, it is positioned as a specialty fixed income offering, suited for diversified income-focused allocations in the broader financial market.