First Trust Preferred Securities and Income ETF
First Trust Preferred Securities and ETF (AMEX: FPE) is an exchange-traded fund listed on NYSE Arca, trading at $17.14 (about ₹1,646 a unit) as of 29 Sep 2026, 10:43 AM ET. It has an expense ratio of 0.83% and holds 264 securities. Indian residents can buy FPE through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$17.13
Today's high
$17.16
52 week low
$17.12
52 week high
$18.51
FPE opened at $17.16, closed previously at $17.14, and has traded between $17.12 and $18.51 over the past 52 weeks.
About
First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF is an exchange traded fund launched and managed by First Trust Advisors LP. The fund is co-managed by Stonebridge Advisors, LLC. It invests in the fixed income markets of global region. The fund invests in preferred securities and income-producing debt securities, including corporate bonds, high yield securities, convertible securities, and investment grade securities. The fund invests in average duration of three to 12 years. It employs fundamental analysis with top down and bottom up security picking approach to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the ICE BofA US Investment Grade Institutional Capital Securities Index, Bloomberg US Aggregate Bond Index and the Blended Index comprising of 30% of the ICE BofA Core Plus Fixed Rate Preferred Securities Index, 30% of the ICE BofA US Investment Grade Institutional Capital Securities Index, 30% of the ICE USD Contingent Capital Index and 10% of the ICE BofA US High Yield Institutional Capital Securities Index. First Trust Exchange-Traded Fund III - First Trust Preferred Securities and Income ETF was formed on February 11, 2013 and is domiciled in the United States.
Key statistics
Expense ratio
0.83%
Assets (AUM)
$6.1B
Holdings
264
NAV
$17.26
Avg. volume
—
1-year price change
-6.16%
5-year price change
-16.62%
Price change excludes dividends.
Top 10 holdings
FPE holds 264 securities in total. These 10 are 14.9% of the fund.
Where the money is invested
Sectors
Countries
How to buy FPE from India
Indian residents can buy FPE units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search FPE and buy
Find the fund by its ticker, FPE, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in FPE from India
Trading and taxes when buying FPE from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- Taxable in IndiaGains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the FPE price today?
First Trust Preferred Securities and ETF (FPE) last traded at $17.14 on NYSE Arca, as of 29 Sep 2026, 10:43 AM ET. That is ₹1,646 a unit at the 28 Sep 2026 USD/INR rate.
When does FPE trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is FPE, and what does it cost to hold?
First Trust Preferred Securities and ETF manages about $6.1B. Its expense ratio is 0.83% a year, deducted inside the fund. It launched in 2013.
What are FPE's largest holdings?
The top three are BANK OF AMERICA CORP Variable rate (2.6%), Wells Fargo & Company, Series L, 7.500% (1.8%) and BARCLAYS PLC Variable rate (1.7%). FPE's 10 largest positions make up 14.9% of the fund.
Does FPE pay dividends?
Yes. FPE is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate.
How are gains on FPE taxed in India?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling.
Can I buy fractional units of FPE?
Yes. You can buy FPE by amount rather than by whole unit, and there is no minimum trade size.
How has FPE performed?
FPE's price is down 6.2% over the past year and down 16.6% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.