First Trust Institutional Preferred Securities & Income ETF

The fund under normal market conditions, invests at least 80% of its net assets (including investment borrowings) in institutional preferred securities and income-producing debt 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.

Asset class

Core Investment Grade Bond

Issuer

First Trust

Domicile

US

Inception date

Aug 22, 2017

Holdings

169

ISIN

US33739P8555