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Sunday, August 23, 2026The Morning Brief →Sign in

FIRST TRUST EXCHANGE-TRADED FUND III

$17.66-0.45% today
17.5518.5152-WK

The First Trust Preferred Securities and Income ETF is an actively managed exchange-traded fund. The fund's investment objective is to seek total return and to provide current income. Under normal market conditions, the fund invests at least 80% of its net assets (including investment borrowings) in preferred securities and income-producing debt securities including corporate bonds, high yield securities and convertible securities.

Price & daily flows
18.3018.0317.7617.66DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned -3.3% so far this year. At 0.85% a year it is not the cheapest way in — IJH runs the same ground at 0.05%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$5.5Bassets under management
0.85%expense ratio · $85 per $10,000 a year
net flow, trailing month
1Mavg daily volume, 30 days
125holdings · US-domiciled
2023listed September 30, 2023 · beta 0.23
Sector weights
Cash & Others100%
Other94.7%
Real Estate81.07%
Corporate56.13%
Finance33.66%
Financial Services18.93%
Consumer Non-Durables1.56%
Communications1.27%
ETF0.99%
Rights & Warrants0.82%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other89.35%
United States9.77%
Bermuda0.78%
United Kingdom0.1%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-0.8%
1 month-0.5%
3 months-1.5%
6 months-4.3%
YTD-3.3%
1 year-2.4%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
4%realized volatility, 30 days (annualized)
4%realized volatility, 1 year
-5.2%deepest fall from a peak, 1 year
-4.6%where it sits vs. that peak today

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
calls today
puts today
put/call ratio
636Kshares traded
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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