First Trust Intermediate Duration Preferred & Income Fd (FPF)

Frequently Asked Questions About First Trust Intermediate Duration Preferred & Income Fd (FPF)

Can international investors invest in FPF?

Yes, international investors can invest in the First Trust Intermediate Duration Preferred & Income Fund as it is listed on the NYSE. However, they should consider the applicable regulations, taxes, and trading requirements in their home countries before investing.

Does FPF have a history of stable performance?

FPF's performance can vary over time and is influenced by market conditions, interest rates, and the management of the fund. Historical performance data can provide insights into the fund's stability, but past performance does not guarantee future results.

How can investors purchase shares of FPF?

Investors can purchase shares of First Trust Intermediate Duration Preferred & Income Fund through a brokerage account. They can buy shares at the current market price like any other stock, using online or traditional brokerage services.

How can investors stay updated on FPF's performance?

Investors can stay updated on First Trust Intermediate Duration Preferred & Income Fund's performance by visiting the fund's official website, subscribing to financial news, and reviewing quarterly earnings reports or regulatory filings, such as shareholder reports.

How does FPF differ from other types of investment funds?

FPF is distinct due to its focus on preferred securities and intermediate-duration investments, which sets it apart from many other funds that might invest in stocks or longer-duration bonds. This specialization likely appeals to investors looking for income while managing interest rate exposure.

How often does FPF distribute dividends?

FPF typically distributes dividends on a regular basis, commonly on a monthly schedule. The exact timing and amount of dividends may vary based on the income earned by the fund's investments and market conditions.

Is FPF listed on a stock exchange?

Yes, First Trust Intermediate Duration Preferred & Income Fund is listed on the New York Stock Exchange (NYSE) under the ticker symbol 'FPF.' Investors can buy and sell shares of the fund just like any other publicly traded stock.

Is there a minimum investment requirement for FPF?

While there is no specific minimum investment requirement directly associated with FPF, brokerage firms may impose individual minimums for purchasing shares. It is best to check with your brokerage regarding their specific policies.

What are preferred securities?

Preferred securities are a type of hybrid financial instrument that combines features of both equity and debt. They typically offer fixed dividends to holders, similar to interest payments on bonds, but they also possess characteristics of stocks, such as potential capital appreciation, which makes them attractive to investors seeking income.

What are the fees associated with investing in FPF?

Investing in First Trust Intermediate Duration Preferred & Income Fund involves fees that typically include management fees and other operational expenses. Investors should review the fund's prospectus for detailed information on specific fees, as these can impact overall returns.

What is First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF)?

First Trust Intermediate Duration Preferred & Income Fund (NYSE: FPF) is a closed-end management investment company that primarily invests in a diversified portfolio of preferred securities and other income-producing securities. The fund aims to provide a high level of current income while maintaining a relatively lower duration profile, which can help manage interest rate risk.

What is the duration of FPF's investments?

The term 'duration' refers to the sensitivity of a security's price to changes in interest rates. FPF is designed to maintain an intermediate duration profile, which typically means that its average duration is between three to six years. This limitation helps manage interest rate risk compared to longer-duration investments.

What is the investment objective of FPF?

The investment objective of First Trust Intermediate Duration Preferred & Income Fund is to provide a high level of current income while maintaining a focus on capital preservation. The fund seeks to achieve this by investing in a diversified portfolio of preferred and income-generating securities that offer attractive yield opportunities.

What is the risk profile of investing in FPF?

Investing in FPF comes with certain risks, including interest rate risk, credit risk, and market risk. The value of preferred securities can fluctuate based on changes in interest rates and the creditworthiness of the issuers, so investors should assess their risk tolerance before investing in the fund.

What is the total asset size of FPF?

The total asset size of First Trust Intermediate Duration Preferred & Income Fund can fluctuate due to market conditions and investor activity. Investors can find the most current data on the fund’s asset size on the First Trust website or in its financial disclosures.

What kinds of securities does FPF invest in?

FPF primarily invests in intermediate-duration preferred securities and other income-producing securities, such as corporate bonds and convertible securities. The emphasis on preferred securities allows the fund to generate high levels of income while potentially benefiting from their equity-like features.

What should investors consider before investing in FPF?

Before investing in FPF, investors should consider their own risk tolerance, investment goals, and the fund’s strategy. It is also essential to review the fund's prospectus for detailed information on objectives, risks, and expenses.

What types of risks should investors be aware of?

Investors should be aware of various risks associated with FPF, including interest rate risk, credit risk, liquidity risk, and market volatility. Knowledge of these risks is crucial for making informed investment decisions and understanding potential impacts on returns.

Who manages First Trust Intermediate Duration Preferred & Income Fund?

First Trust Intermediate Duration Preferred & Income Fund is managed by First Trust Advisors L.P. This investment management firm has a strong reputation for managing mutual funds and closed-end funds, focusing on strategies that seek to deliver consistent performance and income for investors.

What is the current price of First Trust Intermediate Duration Preferred & Income Fd?

The current price of First Trust Intermediate Duration Preferred & Income Fd is 17.09

When was First Trust Intermediate Duration Preferred & Income Fd last traded?

The last trade of First Trust Intermediate Duration Preferred & Income Fd was at 2:53 pm EDT on April 4th, 2025