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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.85% 0.20% 398.96M 77523.80
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
4.59% 48.00% 86.17M Upgrade

Basic Info

Investment Strategy
The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities ("Income Securities"). Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name First Trust
Prospectus Benchmark Index
ICE BofA US HY Inst Captl TR USD 15.00%
ICE BofA US IG Inst Captl TR USD 45.00%
ICE BofA USD Contingent Capital TR USD 40.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Robert Wolf 3.86 yrs
Scott Fleming 3.86 yrs
Eric Weaver 1.33 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 60
86.17M
-33.79M Category Low
2.420B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of July 31, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of August 02, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
--
--
--
--
-4.30%
15.85%
7.06%
4.42%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-0.26%
11.66%
6.12%
6.36%
11.25%
-4.98%
18.14%
5.97%
5.01%
14.10%
4.27%
1.30%
8.10%
-4.63%
15.93%
7.91%
4.94%
10.66%
11.98%
9.37%
15.92%
-12.28%
36.77%
2.40%
10.30%
16.28%
7.92%
0.85%
10.47%
-4.00%
17.65%
7.12%
2.79%
As of August 02, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-3-21) 4.59%
30-Day SEC Yield (6-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 6.16%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 29, 2021

Asset Allocation

As of July 29, 2021.
Type % Net % Long % Short
Cash 3.08% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 58.77% Upgrade Upgrade
Convertible 34.58% Upgrade Upgrade
Preferred 3.58% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Barclays PLC 8%
2.87% -- --
Emera Inc 6.75%
2.32% -- --
Enbridge Incorporation 6%
2.07% -- --
AerCap Holdings N.V. 5.88%
1.69% -- --
Land O'Lakes Inc. 7%
1.61% -- --
Lloyds Banking Group plc 7.5%
1.61% -- --
Australia and New Zealand Banking Group Ltd. London Branch 6.75%
1.47% -- --
Assured Guaranty Municipal Holdings Inc 6.4%
1.46% -- --
JPMorgan Chase & Co. 3.46%
1.37% -- --
Markel Corporation 6%
1.31% -- --

Basic Info

Investment Strategy
The investment seeks total return and to provide current income. The fund invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt securities ("Income Securities"). Preferred securities are a type of equity security that have preference over common stock in the payment of distributions and the liquidation of a company's assets, but are generally junior to all forms of the company's debt, including both senior and subordinated debt. The fund's investments in preferred securities will primarily be in institutional preferred securities.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Preferred Stock
Category Index ICE BofA Fxd Rate Pref TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name First Trust
Prospectus Benchmark Index
ICE BofA US HY Inst Captl TR USD 15.00%
ICE BofA US IG Inst Captl TR USD 45.00%
ICE BofA USD Contingent Capital TR USD 40.00%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Robert Wolf 3.86 yrs
Scott Fleming 3.86 yrs
Eric Weaver 1.33 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (8-3-21) 4.59%
30-Day SEC Yield (6-30-21) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 6.16%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of July 29, 2021

Fund Details

Key Dates
Inception Date 8/22/2017
Last Annual Report Date 10/31/2020
Last Prospectus Date 3/1/2021
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No