The First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) is a high yield fund paying monthly distributions with a distribution rate of 6.01% and a total expense ratio of 0.85%.

The First Trust Preferred Securities and Income ETF (NYSEARCA:FPE) is invested in income-producing securities, including corporate bonds, preferred and convertible securities. It was launched on ...

One of its flagship funds, the First Trust Preferred Securities & Income ETF FPE, has more than $5 billion in assets under management.