FSNIBX

About FSNIBX

First Trust Institutional Investment Plan is a mutual fund that focuses on generating current income and total return by investing primarily in preferred securities and income-producing instruments. Tailored toward institutional investors, this fund typically targets investments such as institutional preferred securities—traditionally issued in large denominations and traded over-the-counter—as well as a diversified pool of corporate bonds and hybrid securities. The fund’s strategy is designed to capture income streams from financial services companies and a range of U.S. and international issuers, thereby offering exposure to both domestic and global credit markets. Managed by First Trust Advisors L.P., the plan is structured as an institutional share class, which generally features a higher minimum investment and lower fee structure compared to retail counterparts. Positioned within the preferred securities segment, the First Trust Institutional Investment Plan serves a role for investors seeking to diversify their income portfolios while maintaining a focus on fixed-income assets tailored to institutional standards and risk profiles.