Snapshot: FPF

FIRST TRUST INTERMEDIATE DURATION PREFERRED AND INCOME FUND

23.15up0.02 (0.09%)

 as of 4:02:01pm ET 07/17/2019

Please note: Closed end funds are subject to the risk of their underlying assets and investment strategy. Unlike open end funds, closed end funds trade on an exchange at a price which is often a discount to their net asset value (NAV). The market price may experience periods of increased volatility due to the use of leverage as well as market and fund illiquidity. Important information you should know about investing in closed-end funds.

Bid/Size 22.13/5
Ask/Size 23.25/10
Open 23.15
High 23.20
Low 23.1039
Previous Close
AS OF 07/17/2019
23.15
Price Performance (Last 52 Wk) 7.67%
Volume 0
Volume (90-Day Average) 142,025
NAV (Daily) --
Bid/Ask Midpoint (Previous Day) --
Premium / Discount (1 Month Average)^
as of 06/30/2019
-3.52%
NAV
as of 07/16/2019
23.69
NAV Update Frequency Daily
Options No
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Security Type

Closed End Fund

Total Leverage Ratio

32.29%

Asset Class

Taxable Bond

Morningstar Category

Preferred Stock

Prospectus Objective

Income

Net Assets
AS OF 06/30/2019

$1.4B

Net Expense Ratio
AS OF 10/31/2018

2.49%

Sponsor

First Trust

Inception Date

05/24/2013

Financial Year-End

October 31, 2018

Benchmark Index

Preferred Stock

Legal Structure

Closed End Fund

Total Holdings
AS OF 06/30/2019

177

Investment Objective Summary

The Fund seeks a high level of current income through investing in preferred and other income-producing securities. Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in a portfolio of preferred and other income-producing securities issued by U.S. and non-U.S. companies, including traditional preferred securities, hybrid preferred securities that have investment and economic characteristics of both preferred securities and debt securities, floating rate and fixed-to-floating rate preferred securities, debt securities, convertible securities and contingent convertible securities.

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News, Commentary & Events

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News

Commentary

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Analyst Opinions

Analyst Ratings

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Key Statistics

Bond Holdings Valuation AS OF 06/30/2019

Average Duration --
Average Maturity --
Average Coupon % 6.72%

Equity Holdings Valuation AS OF 06/30/2019

Price/Earnings (Trailing Twelve Months) --
Price/Book 2.86
Price/Sales 13.25
Price/Cash Flow --
Long-Term Earnings % --
Historical Earnings % --

Distributions as of 07/17/2019

Total Distribution Rate (Market Price) 7.39%
Total Distribution Rate (NAV) 7.22%

Leverage as of --

Total Leverage Ratio 32.29%
1940 Act Leverage Ratio 32.29%
Non-1940 Act Leverage Ratio 0.00%
See all Key Stats

Compare

FPF
FIRST TRUST INTERMEDIATE DURATION PREFERRED AND INCOME FUND
Asset Class Median
Market Capitalization
AS OF 06/30/2019
2.2B 484.3M
Volume (10-Day Avg)
AS OF 07/16/2019
133.5K 71.0M
YTD Market Price Total Return
AS OF 06/30/2019
+18.73% +15.79%
1 Month Market Price Total Return
AS OF 06/30/2019
+4.67% +2.92%
1 Year Market Price Total Return
AS OF 06/30/2019
+14.17% +9.78%
1 Year NAV Total Return
AS OF 06/30/2019
+9.15% +6.79%
3 Year Annualized Market Price Total Return
AS OF 06/30/2019
+7.01% +9.78%
Beta (Market Price 1 Yr)
AS OF 06/30/2019
0.21 -0.04
Annual Turnover Ratio
AS OF 10/31/2018
29.00% 42.00%
Net Expense Ratio
AS OF 10/31/2018
1.92% 1.63%
Total Expense Ratio (Adjusted)
AS OF 10/31/2018
2.49% 1.53%
Compare to Other CEFs

Performance

Premium / Discount to NAV^ as of 06/30/2019

Premium Chart
Date Average
06/2019 -3.52%
05/2019 -5.03%
04/2019 -4.62%
03/2019 -5.22%
02/2019 -5.21%
01/2019 -5.05%
12/2018 -8.38%
11/2018 -8.27%
10/2018 -10.38%
09/2018 -7.86%
08/2018 -7.86%
07/2018 -6.75%
Quarter-End Average Annual Total ReturnsAS OF 06/30/2019
NAV Return Market Return
1 Year +9.15% +14.17%
3 Year +8.71% +7.01%
5 Year +7.19% +8.67%
10 Year -- --
Life +8.03% +7.11%
Life as of inception date: 05/24/2013       Gross Expense Ratio: 1.92

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

More about Performance & Risk

Portfolio Composition

Reported by Fund Sponsor

Top 10 HoldingsAs of 06/30/2019

First Trust Scotia Loan Facility 44.66%
Irs P01.78rus1m 01/23/25 Bank Of Nova Short 11.61%
Irs Rus1mp01.78 01/23/25 Bank Of Nova Long 11.52%
Royal Bank of Scotland Group plc 8.63% 3.88%
Enel - Societa per Azioni 8.75% 3.43%
Barclays PLC 7.88% 3.34%
EMERA INCORPORATED 6.75% 3.16%
Catlin Insurance Company Ltd. 5.57% 2.71%
Societe Generale S.A. 7.38% 2.65%
Credit Agricole S.A. 8.13% 2.65%
Assets in Top 10 Holdings89.62%

Credit Quality  AS OF --

Type % Bonds
AAA --
AA --
A --
BBB --
BB --
B --
Below B --
Not Rated --

Maturity  AS OF 06/30/2019

% Bonds
10 to 15 Years 3.94
15 to 20 Years 1.59
1 to 3 Years 0.01
20 to 30 Years 17.09
3 to 5 Years 1.48
5 to 7 Years 24.47
7 to 10 Years 2.96
Over 30 Years 48.46
More about Portfolio Composition
*The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a funds monthly performance (including the effects of sales charges, loads and redemption fees, if applicable), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

The performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the performance data quoted. Distributions are not guaranteed and the amount of distributions will vary depending on a number of factors. Market prices and investment return will vary, therefore you may have a gain or loss when you sell your shares. Click on the "Performance & Risk" link to view quarter-end performance. All performance data is for the common shares of the fund. Total distribution rate (at market or NAV) may include unknown combinations of income, capital gains and return of capital.

Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated.

^Premium/Discount to NAV represents the percentage by which the funds market price exceeds or is less than net asset value (NAV). Shares of closed-end funds frequently trade at a market price that is a discount to their NAV.

Top holdings are as of the date indicated and may not be representative of the funds current or future investments.

News, commentary and events are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.

Any data, charts and other information provided on this page are intended to help self-directed investors evaluate closed end funds. Criteria and inputs entered, including the choice to make closed end fund comparisons, are at the sole discretion of the user and are solely for the convenience of the user. Analyst opinions, ratings and reports are provided by third-parties unaffiliated with Fidelity. All information supplied or obtained from this page is for informational purposes only and should not be considered investment advice or guidance, an offer of or a solicitation of an offer to buy or sell a particular security, or a recommendation or endorsement by Fidelity of any security or investment strategy. Fidelity does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating closed end funds. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use. Determine which securities are right for you based on your investment objectives, risk tolerance, financial situation and other individual factors and re-evaluate them on a periodic basis.

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Before investing in any fund, you should consider its investment objective, risks, charges and expenses. Contact Fidelity for the most recent shareholder report for this information. Read it carefully. Please also review information provided by the fund on its web site.