First Trust Intermediate Duration Preferred & Income Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.9%
1 yr return
8.2%
3 Yr Avg Return
-8.8%
5 Yr Avg Return
-4.1%
Net Assets
$1.28 B
Holdings in Top 10
16.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 39.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
XFPFX - Profile
Distributions
- YTD Total Return 0.9%
- 3 Yr Annualized Total Return -8.8%
- 5 Yr Annualized Total Return -4.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 6.44%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameFirst Trust Intermediate Duration Preferred & Income Fund
-
Fund Family NameFirst Trust Advisors L.P.
-
Inception DateMay 29, 2013
-
Shares Outstanding60820579
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert Wolf
Fund Description
XFPFX - Performance
Return Ranking - Trailing
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -3.5% | 4.1% | 83.33% |
1 Yr | 8.2% | 4.4% | 20.7% | 74.36% |
3 Yr | -8.8%* | -8.8% | 6.0% | 97.22% |
5 Yr | -4.1%* | -5.3% | 5.4% | 92.42% |
10 Yr | 1.5%* | 0.7% | 4.6% | 82.22% |
* Annualized
Return Ranking - Calendar
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.6% | -3.6% | 14.2% | 97.44% |
2022 | -23.3% | -29.4% | -9.6% | 73.61% |
2021 | 1.0% | -3.4% | 17.2% | 20.83% |
2020 | -1.0% | -24.8% | 9.0% | 84.06% |
2019 | 13.5% | 6.4% | 19.1% | 23.08% |
Total Return Ranking - Trailing
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.9% | -3.5% | 4.1% | 83.33% |
1 Yr | 8.2% | 4.4% | 20.7% | 74.36% |
3 Yr | -8.8%* | -8.8% | 6.0% | 97.22% |
5 Yr | -4.1%* | -5.3% | 5.4% | 92.42% |
10 Yr | 1.5%* | 0.7% | 4.6% | 82.22% |
* Annualized
Total Return Ranking - Calendar
Period | XFPFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -1.6% | -1.9% | 26.5% | 98.72% |
2022 | -23.3% | -26.0% | -5.8% | 88.89% |
2021 | 1.0% | -2.5% | 27.4% | 91.67% |
2020 | -1.0% | -19.2% | 12.3% | 85.51% |
2019 | 17.1% | 10.0% | 32.0% | 61.54% |
NAV & Total Return History
XFPFX - Holdings
Concentration Analysis
XFPFX | Category Low | Category High | XFPFX % Rank | |
---|---|---|---|---|
Net Assets | 1.28 B | 24.1 M | 14.5 B | 42.31% |
Number of Holdings | 231 | 45 | 450 | 33.33% |
Net Assets in Top 10 | 342 M | 7.69 M | 1.65 B | 32.05% |
Weighting of Top 10 | 16.32% | 12.1% | 48.1% | 85.90% |
Top 10 Holdings
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
- First Trust Scotia Loan Facility 43.30%
Asset Allocation
Weighting | Return Low | Return High | XFPFX % Rank | |
---|---|---|---|---|
Bonds | 48.13% | 0.00% | 98.46% | 65.38% |
Convertible Bonds | 29.29% | 0.00% | 31.65% | 10.67% |
Preferred Stocks | 22.47% | 0.00% | 125.53% | 47.44% |
Cash | 0.11% | -0.02% | 10.76% | 96.15% |
Stocks | 0.00% | 0.00% | 28.30% | 61.54% |
Other | 0.00% | -4.48% | 12.19% | 46.15% |
Bond Sector Breakdown
Weighting | Return Low | Return High | XFPFX % Rank | |
---|---|---|---|---|
Corporate | 99.33% | 62.31% | 100.00% | 17.33% |
Government | 0.56% | 0.00% | 21.71% | 28.00% |
Cash & Equivalents | 0.11% | 0.00% | 10.76% | 74.36% |
Derivative | 0.00% | -0.63% | 12.19% | 46.15% |
Securitized | 0.00% | 0.00% | 0.00% | 38.67% |
Municipal | 0.00% | 0.00% | 0.00% | 38.67% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | XFPFX % Rank | |
---|---|---|---|---|
US | 33.29% | 0.00% | 98.46% | 65.38% |
Non US | 14.84% | 0.00% | 22.53% | 8.97% |
XFPFX - Expenses
Operational Fees
XFPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.72% | 0.05% | 4.46% | 25.97% |
Management Fee | 0.85% | 0.00% | 1.00% | 88.46% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.55% | N/A |
Sales Fees
XFPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
XFPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
XFPFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 39.00% | 12.00% | 199.00% | 64.71% |
XFPFX - Distributions
Dividend Yield Analysis
XFPFX | Category Low | Category High | XFPFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.50% | 91.03% |
Dividend Distribution Analysis
XFPFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
XFPFX | Category Low | Category High | XFPFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 6.44% | 0.88% | 7.54% | 13.51% |
Capital Gain Distribution Analysis
XFPFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 17, 2019 | $0.143 | OrdinaryDividend |
May 15, 2019 | $0.143 | OrdinaryDividend |
Apr 15, 2019 | $0.143 | OrdinaryDividend |
Mar 15, 2019 | $0.143 | OrdinaryDividend |
Feb 15, 2019 | $0.143 | OrdinaryDividend |
Jan 15, 2019 | $0.143 | OrdinaryDividend |
Dec 17, 2018 | $0.143 | OrdinaryDividend |
Nov 15, 2018 | $0.143 | OrdinaryDividend |
Oct 15, 2018 | $0.143 | OrdinaryDividend |
Sep 17, 2018 | $0.143 | OrdinaryDividend |
Aug 15, 2018 | $0.143 | OrdinaryDividend |
Jul 16, 2018 | $0.143 | OrdinaryDividend |
Jun 15, 2018 | $0.143 | OrdinaryDividend |
May 15, 2018 | $0.143 | OrdinaryDividend |
Apr 16, 2018 | $0.153 | OrdinaryDividend |
Mar 15, 2018 | $0.153 | OrdinaryDividend |
Feb 15, 2018 | $0.153 | OrdinaryDividend |
Jan 16, 2018 | $0.153 | OrdinaryDividend |
Dec 15, 2017 | $0.153 | OrdinaryDividend |
Nov 15, 2017 | $0.153 | OrdinaryDividend |
Oct 16, 2017 | $0.153 | OrdinaryDividend |
Sep 15, 2017 | $0.153 | OrdinaryDividend |
Aug 15, 2017 | $0.153 | OrdinaryDividend |
Jul 17, 2017 | $0.153 | OrdinaryDividend |
Jun 15, 2017 | $0.153 | OrdinaryDividend |
May 15, 2017 | $0.153 | OrdinaryDividend |
Apr 17, 2017 | $0.163 | OrdinaryDividend |
Mar 15, 2017 | $0.163 | OrdinaryDividend |
Feb 15, 2017 | $0.163 | OrdinaryDividend |
Jan 17, 2017 | $0.163 | OrdinaryDividend |
Dec 12, 2016 | $0.163 | OrdinaryDividend |
Nov 15, 2016 | $0.163 | OrdinaryDividend |
Oct 17, 2016 | $0.163 | OrdinaryDividend |
Sep 15, 2016 | $0.163 | OrdinaryDividend |
Aug 15, 2016 | $0.163 | OrdinaryDividend |
Jul 15, 2016 | $0.163 | OrdinaryDividend |
Jun 15, 2016 | $0.163 | OrdinaryDividend |
May 16, 2016 | $0.163 | OrdinaryDividend |
Apr 15, 2016 | $0.163 | OrdinaryDividend |
Mar 15, 2016 | $0.163 | OrdinaryDividend |
Feb 16, 2016 | $0.163 | OrdinaryDividend |
Jan 15, 2016 | $0.163 | OrdinaryDividend |
Dec 10, 2015 | $0.163 | OrdinaryDividend |
Nov 16, 2015 | $0.163 | OrdinaryDividend |
Oct 15, 2015 | $0.163 | OrdinaryDividend |
Sep 15, 2015 | $0.163 | OrdinaryDividend |
Aug 17, 2015 | $0.163 | OrdinaryDividend |
Jul 15, 2015 | $0.163 | OrdinaryDividend |
Jun 15, 2015 | $0.163 | OrdinaryDividend |
May 15, 2015 | $0.163 | OrdinaryDividend |
Apr 15, 2015 | $0.163 | OrdinaryDividend |
Mar 16, 2015 | $0.163 | OrdinaryDividend |
Feb 17, 2015 | $0.163 | OrdinaryDividend |
Jan 15, 2015 | $0.163 | OrdinaryDividend |
Dec 10, 2014 | $0.161 | OrdinaryDividend |
Nov 17, 2014 | $0.156 | OrdinaryDividend |
Oct 15, 2014 | $0.156 | OrdinaryDividend |
Sep 15, 2014 | $0.151 | OrdinaryDividend |
Aug 15, 2014 | $0.151 | OrdinaryDividend |
Jul 15, 2014 | $0.151 | OrdinaryDividend |
Jun 16, 2014 | $0.151 | OrdinaryDividend |
May 15, 2014 | $0.151 | OrdinaryDividend |
Apr 15, 2014 | $0.151 | OrdinaryDividend |
Mar 17, 2014 | $0.151 | OrdinaryDividend |
Feb 14, 2014 | $0.151 | OrdinaryDividend |
Jan 15, 2014 | $0.151 | OrdinaryDividend |
Dec 10, 2013 | $0.151 | OrdinaryDividend |
Nov 15, 2013 | $0.151 | OrdinaryDividend |
Oct 15, 2013 | $0.151 | OrdinaryDividend |
Sep 16, 2013 | $0.151 | OrdinaryDividend |
Aug 15, 2013 | $0.151 | OrdinaryDividend |
XFPFX - Fund Manager Analysis
Managers
Robert Wolf
Start Date
Tenure
Tenure Rank
May 23, 2013
9.03
9.0%
Robert Wolf serves as Chief Investment Officer, Senior Vice President and Senior Portfolio Manager at Stonebridge. Mr. Wolf is a senior member of Stonebridge Advisors’ Investment Committee and oversees investment strategies and portfolio management activities across fund products and separately managed accounts. Mr. Wolf directs the daily management of preferred securities portfolios and performs both credit research and trading functions. Mr. Wolf has over twenty years of fixed-income experience in both portfolio management and credit research. Prior to joining Stonebridge in 2006, Mr. Wolf was a high-yield fixed-income research analyst at Lehman Brothers. In this role, his responsibilities included detailed credit analysis across multiple sectors, relative value analysis, and developing trade recommendations. Mr. Wolf previously worked for Lehman Brothers’ commercial mortgage-backed securities (CMBS) trading desk as a credit analyst. Mr. Wolf received his B.S. degree in Chemistry from Villanova University and his MBA in Finance from the New York University Stern School of Business.
Scott Fleming
Start Date
Tenure
Tenure Rank
May 23, 2013
9.03
9.0%
Scott Fleming serves as President and CEO of Stonebridge setting the strategic direction of Stonebridge including operations, business and product development, and marketing strategies. Mr. Fleming leads the Investment Committee and oversees investment policies and strategies for all of the company’s portfolio management activities. Additionally, Mr. Fleming directs the daily management of preferred stock portfolios. Prior to founding Stonebridge in 2004, Mr. Fleming co-founded Spectrum Asset Management, Inc., an investment advisor that specializes in preferred securities asset management for institutional clients and mutual funds. During his 13-year tenure there, he served as Chairman of the Board of Directors, Chief Financial Officer and Chief Investment Officer. Under his leadership, Spectrum grew to be the largest preferred securities manager in the country. Mr. Fleming previously served as Vice President, Portfolio Manager for DBL Preferred Management, Inc. in New York City. Mr. Fleming received a B.S. in Accounting from Bentley College in Waltham, MA and his MBA in Finance from Babson College in Wellesley, MA.
Eric Weaver
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
SVP, PM & Chief Strategist
Angelo Graci
Start Date
Tenure
Tenure Rank
Mar 22, 2022
0.19
0.2%
EVP, Head of Credit Research
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 30.32 | 7.8 | 11.42 |