First Trust Preferred Securities & Income ETF FPE is led by long-tenured managers, but inconsistent execution and team turnover warrant a Morningstar Analyst Rating of Neutral.
Will FPE outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FPE’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FPE management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FPE’s parent organization’s priorities and whether they’re in line with investors’ interests.