First Trust Intermediate Duration Preferred & Income Fund

Frequently Asked Questions About FPF

What does FPF invest in?

The First Trust Intermediate Duration Preferred & Income Fund (FPF) functions as a closed-end mutual fund, primarily managed by First Trust Advisors L.P., with Stonebridge Advisors, LLC also contributing to its management. This fund strategically allocates capital within the fixed-income markets. A notable aspect of its investment approach is the inclusion of below-investment-grade instruments, commonly known as high-yield or "junk" securities. Established on May 23, 2013, the FPF is legally domiciled within the United States.

What is the expense ratio of FPF?

First Trust Intermediate Duration Preferred & Income Fund (FPF) charges an expense ratio of 4.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is FPF's dividend yield?

FPF's trailing-twelve-month yield is 9.28%, calculated from the sum of dividends over the past year divided by the current price.

How big is FPF?

First Trust Intermediate Duration Preferred & Income Fund (FPF) manages $1.08B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FPF actively managed or an index fund?

FPF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FPF launched?

First Trust Intermediate Duration Preferred & Income Fund (FPF) launched in May 2013 and is managed by First Trust.