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Trending ETFs

First Trust Intermediate Duration Preferred & Income Fund

mutual fund
XFPFX
Payout Change
Suspended
Price as of:
$19.66 +0.03 +0.15%
primary theme
Preferred Stock
share class
XFPFX (Mutual Fund)

First Trust Intermediate Duration Preferred & Income Fund

Payout Change
Suspended
Price as of:
$19.66 +0.03 +0.15%
primary theme
Preferred Stock
share class
XFPFX (Mutual Fund)

First Trust Intermediate Duration Preferred & Income Fund

Payout Change
Suspended
Price as of:
$19.66 +0.03 +0.15%
primary theme
Preferred Stock
share class

Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.66

$1.28 B

0.00%

1.72%

Vitals

YTD Return

6.2%

1 yr return

9.3%

3 Yr Avg Return

-7.0%

5 Yr Avg Return

-4.2%

Net Assets

$1.28 B

Holdings in Top 10

16.3%

52 WEEK LOW AND HIGH

$19.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 39.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Closed-end mutual fund


Name

As of 12/06/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$19.66

$1.28 B

0.00%

1.72%

XFPFX - Profile

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return -7.0%
  • 5 Yr Annualized Total Return -4.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 6.44%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    First Trust Intermediate Duration Preferred & Income Fund
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    May 29, 2013
  • Shares Outstanding
    60820579
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Wolf

Fund Description


XFPFX - Performance

Return Ranking - Trailing

Period XFPFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% 4.9% 19.7% 97.37%
1 Yr 9.3% 7.5% 25.9% 96.05%
3 Yr -7.0%* -6.9% 6.9% 100.00%
5 Yr -4.2%* -4.7% 11.2% 92.54%
10 Yr 1.5%* 0.9% 5.2% 89.13%

* Annualized

Return Ranking - Calendar

Period XFPFX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.6% -3.6% 14.2% 97.37%
2022 -23.3% -29.4% -9.6% 72.86%
2021 1.0% -3.4% 17.2% 21.43%
2020 -1.0% -24.8% 9.0% 83.58%
2019 13.5% 6.4% 19.1% 23.81%

Total Return Ranking - Trailing

Period XFPFX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% 4.9% 19.7% 97.37%
1 Yr 9.3% 7.5% 25.9% 96.05%
3 Yr -7.0%* -6.9% 6.9% 100.00%
5 Yr -4.2%* -4.7% 11.2% 92.54%
10 Yr 1.5%* 0.9% 5.2% 89.13%

* Annualized

Total Return Ranking - Calendar

Period XFPFX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.6% -1.9% 26.5% 98.68%
2022 -23.3% -26.0% -5.8% 88.57%
2021 1.0% -2.5% 27.4% 91.43%
2020 -1.0% -19.2% 12.3% 85.07%
2019 17.1% 10.0% 32.0% 63.49%

NAV & Total Return History


XFPFX - Holdings

Concentration Analysis

XFPFX Category Low Category High XFPFX % Rank
Net Assets 1.28 B 24.1 M 14.5 B 40.79%
Number of Holdings 231 49 444 38.16%
Net Assets in Top 10 342 M 13.2 M 2.1 B 30.26%
Weighting of Top 10 16.32% 11.1% 48.1% 77.63%

Top 10 Holdings

  1. First Trust Scotia Loan Facility 43.30%
  2. First Trust Scotia Loan Facility 43.30%
  3. First Trust Scotia Loan Facility 43.30%
  4. First Trust Scotia Loan Facility 43.30%
  5. First Trust Scotia Loan Facility 43.30%
  6. First Trust Scotia Loan Facility 43.30%
  7. First Trust Scotia Loan Facility 43.30%
  8. First Trust Scotia Loan Facility 43.30%
  9. First Trust Scotia Loan Facility 43.30%
  10. First Trust Scotia Loan Facility 43.30%

Asset Allocation

Weighting Return Low Return High XFPFX % Rank
Bonds
48.13% 0.00% 97.75% 64.47%
Convertible Bonds
29.29% 0.00% 31.65% 10.96%
Preferred Stocks
22.47% 0.00% 125.69% 48.68%
Cash
0.11% -0.02% 11.04% 97.37%
Stocks
0.00% 0.00% 29.42% 67.11%
Other
0.00% -4.40% 10.15% 44.74%

Bond Sector Breakdown

Weighting Return Low Return High XFPFX % Rank
Corporate
99.33% 62.31% 100.00% 17.81%
Government
0.56% 0.00% 21.71% 28.77%
Cash & Equivalents
0.11% 0.00% 11.04% 85.53%
Derivative
0.00% -0.62% 9.46% 44.74%
Securitized
0.00% 0.00% 0.00% 46.58%
Municipal
0.00% 0.00% 0.00% 46.58%

Bond Geographic Breakdown

Weighting Return Low Return High XFPFX % Rank
US
33.29% 0.00% 97.61% 64.47%
Non US
14.84% 0.00% 22.53% 9.21%

XFPFX - Expenses

Operational Fees

XFPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.72% 0.05% 4.46% 26.67%
Management Fee 0.85% 0.00% 1.00% 88.16%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.55% N/A

Sales Fees

XFPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

XFPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

XFPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 12.00% 199.00% 63.64%

XFPFX - Distributions

Dividend Yield Analysis

XFPFX Category Low Category High XFPFX % Rank
Dividend Yield 0.00% 0.00% 9.59% 90.79%

Dividend Distribution Analysis

XFPFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

XFPFX Category Low Category High XFPFX % Rank
Net Income Ratio 6.44% 0.88% 7.54% 13.89%

Capital Gain Distribution Analysis

XFPFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

XFPFX - Fund Manager Analysis

Managers

Robert Wolf


Start Date

Tenure

Tenure Rank

May 23, 2013

9.03

9.0%

Robert Wolf serves as Chief Investment Officer, Senior Vice President and Senior Portfolio Manager at Stonebridge. Mr. Wolf is a senior member of Stonebridge Advisors’ Investment Committee and oversees investment strategies and portfolio management activities across fund products and separately managed accounts. Mr. Wolf directs the daily management of preferred securities portfolios and performs both credit research and trading functions. Mr. Wolf has over twenty years of fixed-income experience in both portfolio management and credit research. Prior to joining Stonebridge in 2006, Mr. Wolf was a high-yield fixed-income research analyst at Lehman Brothers. In this role, his responsibilities included detailed credit analysis across multiple sectors, relative value analysis, and developing trade recommendations. Mr. Wolf previously worked for Lehman Brothers’ commercial mortgage-backed securities (CMBS) trading desk as a credit analyst. Mr. Wolf received his B.S. degree in Chemistry from Villanova University and his MBA in Finance from the New York University Stern School of Business.

Scott Fleming


Start Date

Tenure

Tenure Rank

May 23, 2013

9.03

9.0%

Scott Fleming serves as President and CEO of Stonebridge setting the strategic direction of Stonebridge including operations, business and product development, and marketing strategies. Mr. Fleming leads the Investment Committee and oversees investment policies and strategies for all of the company’s portfolio management activities. Additionally, Mr. Fleming directs the daily management of preferred stock portfolios. Prior to founding Stonebridge in 2004, Mr. Fleming co-founded Spectrum Asset Management, Inc., an investment advisor that specializes in preferred securities asset management for institutional clients and mutual funds. During his 13-year tenure there, he served as Chairman of the Board of Directors, Chief Financial Officer and Chief Investment Officer. Under his leadership, Spectrum grew to be the largest preferred securities manager in the country. Mr. Fleming previously served as Vice President, Portfolio Manager for DBL Preferred Management, Inc. in New York City. Mr. Fleming received a B.S. in Accounting from Bentley College in Waltham, MA and his MBA in Finance from Babson College in Wellesley, MA.

Eric Weaver


Start Date

Tenure

Tenure Rank

Mar 22, 2022

0.19

0.2%

SVP, PM & Chief Strategist

Angelo Graci


Start Date

Tenure

Tenure Rank

Mar 22, 2022

0.19

0.2%

EVP, Head of Credit Research

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 30.32 7.57 11.42