First Trust Inter Dur Pref & Income Fund:FPF

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$25.03$24.800.93%
    52 Wk Avg$22.86$23.50-2.72%
    52 Wk High$25.42$24.802.35%
    52 Wk Low$20.10$21.34-6.05%
    Regular Distribution TypeIncome Only
    Distribution Rate6.11%
    Distribution Amount$0.1275
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    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.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$2,122.997M
    Total Common Assets:$1,506.997M
    Common Shares Outstanding:60,765,997
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $616.000M
    Regulatory Leverage (USD): $516.000M
    Effective Leverage (USD): $616.000M
    Effective Leverage (%): 29.02%
    Annual Expense Ratios

    As of 10/31/2020

      Per Common Share
    Management Fees1.21%
    Other Expenses:0.10%
    Baseline Expense: N/A
    Interest Expense:0.67%
    Total: 1.98%
    Fund Management

    Fund Sponsor
    First Trust Advisors L.P.

    Portfolio Managers
    Robert Wolf, Scott T. Fleming

    Basics
    Category: Fixed Income - Taxable-Preferreds
    Ticker: FPF
    NAV Ticker: XFPFX
    Average Daily Volume (shares): 124,892
    Average Daily Volume (USD): $2.846M
    Inception Date: 5/24/2013
    Inception Share Price: $25.00
    Inception NAV: $23.85
    Tender Offer: No
    Term: No
    Fiscal Year End: October 31
    Third Party Links & Reports

    Distributions

    As of 6/11/2021

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 4/30/2020
    $0.7964
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.17%
    Total Return on NAV (12 months):
    As of 6/11/2021
    23.36%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    5.83%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    29.02%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-1.94%
    1 Year-2.72%
    3 Year-4.24%
    5 Year-3.75%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month0.90
    6 Month1.40
    1 Year1.87
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Preferreds

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD6.58%3.88%5.67%4.84%
    20209.66%6.25%4.66%3.39%
    201927.51%21.20%34.61%24.84%
    2018-11.98%-6.43%-10.75%-7.07%
    201715.97%15.90%15.74%14.49%
    201617.17%7.99%12.97%6.81%
    20151.56%5.95%7.23%5.58%
    201417.09%11.93%18.73%17.64%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2021
    Category: Morningstar US CEF Preferreds

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    5.83%
    Number of Holdings:
    As of 10/31/2020
    226
    Annual Portfolio Turnover:
    As of 10/31/2020
    45.00%
    Average Bond Price:
    As of 10/31/2020
    $104.26
    Asset Allocation

    As of 10/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 10/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)93.21%
    Corporate Bond36.62%
    Convertible31.53%
    Preferred Stock25.07%
    Cash Equivalents5.88%
    Cash Equivalents (Super Sector)5.88%
    Government Related0.04%
    Government (Super Sector)0.04%
    Top Holdings

    As of 10/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Irs Rus1mp01.78 01/23/25 Bank Of Nova Long$154.21M7.46%
    Emera Inc 6.75%$66.32M3.21%
    Barclays PLC 8%$35.41M1.71%
    Credit Agricole S.A. 8.13%$34.41M1.66%
    Barclays PLC 7.88%$32.90M1.59%
    Land O'Lakes Inc. 8%$32.84M1.59%
    AerCap Holdings N.V. 5.88%$31.30M1.51%
    Wells Fargo & Company$28.55M1.38%
    Nordea Bank ABP 6.63%$27.32M1.32%
    Irs P01.78rus1m 01/23/25 Bank Of Nova Short$-165.00M-7.98%
    Credit Quality

    As of 10/31/2020 reported by Fund Sponsor

    Maturity Breakdown

    As of 10/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 10/31/2020 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income23.35%
    Netherlands - Fixed Income3.46%
    Switzerland - Fixed Income2.89%
    Italy - Fixed Income1.98%
    Sweden - Fixed Income1.32%
    Mexico - Fixed Income1.20%
    Japan - Fixed Income0.93%
    Canada - Fixed Income0.69%
    United States - Equity0.61%
    United Kingdom - Fixed Income0.44%
    Chile - Fixed Income0.24%
    France - Fixed Income0.11%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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