First Trust Intermediate Duration Preferred & Income Fd (FPF)

Competitors to First Trust Intermediate Duration Preferred & Income Fd (FPF)

BlackRock Preferred & Equity Income Fund 

BlackRock Preferred & Equity Income Fund (BGY) shares the same market of preferred securities as First Trust (FPF) but differentiates itself through BlackRock's extensive research resources and expertise in investment management. Their significant industry presence, combined with a robust network of global analysts, allows BGY to identify opportunities and risks more effectively than many smaller funds, including FPF, positioning them as a strong competitor.

Eaton Vance Income Fund of Boston 

Eaton Vance Income Fund of Boston (EIM) competes with First Trust by targeting a similar investor demographic seeking income through preferred securities. EIM distinguishes itself with a strategic focus on income-producing investments across a variety of sectors, which allows for greater diversification. Their ability to manage risk through asset allocation strategies gives them a competitive advantage in volatile markets, resulting in an attractive offering compared to FPF.

Gabelli Equity Trust 

Gabelli Equity Trust (GAB) presents competition to FPF through its aggressive investment strategy that includes a broader equity focus in addition to preferred securities. While FPF specializes predominantly in preferred stock, GAB's mixed approach can provide added growth potential, appealing to investors looking for higher risk-adjusted returns. The versatility of GAB's investment toolkit may offer them a competitive edge, particularly during bullish market periods.

Invesco Preferred Fund 

Invesco Preferred Fund (PGF) offers a competitive investment strategy focused on preferred securities much like First Trust Intermediate Duration Preferred & Income Fund (FPF). Both funds aim to provide income and capital appreciation through investments in preferred stock, but PGF manages a larger pool of assets and has a more diversified portfolio. This breadth allows PGF to leverage economies of scale in management and transaction costs, making it a preferred choice for some investors.

Nuveen Preferred Securities Income Fund

Nuveen Preferred Securities Income Fund (JPS) competes with First Trust FPF primarily through its focus on market expertise in preferred securities. JPS has a historical track record of strong performance within the sector and provides investors with differentiated income through its unique selection and management strategies. This established reputation combined with lower expense ratios helps attract investors away from First Trust.