FPF - First Trust Intermediate Duration Preferred & Income Fund

What this means for you

No investor has reported owning 5% or more of this fund. That is the normal state for most closed-end funds.

Nothing is required of you. If that changes, the notice appears here within a day of being filed with the regulator.

Email me if this changes

What happened, and when

Nothing on file yet. No large investor has reported a stake in this fund, and the fund has not announced a buy-back, a vote or a closing.

About this fund

• Run by First Trust Advisors L.P. Part of the First Trust Advisors L.P fund family. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $1.18 billion of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 36% on top of its own money, as of April 30, 2026. Borrowed money makes gains and losses bigger. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 1.3% a year in management fees; 4.2% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $1.65 a share. $1.25 of that was income; $0.40 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $20.02. The shares traded at $19.06, about 4.8% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 0.5% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +13.3%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the holdings did over the fiscal year (ended Oct 31, 2025): the value of the holdings returned +11%. How the share price did: the shares returned +10.9% over the same year, counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 2013.

What the fund holds

Mostly bonds (76%), the rest preferred shares. About 57% issued in the U.S.

1. Bank of America, Bac V6.625 Perp - 4.1%
2. Barclays PLC, Bacr V8 Perp - 3%
3. Land O'lakes, Llakes 8 Perp 144A - 2.8%
4. Wells Fargo & Company 7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock class A shares - 2.7%
5. Banco Santander SA, Santan V9.625 Perp * - 2.5%
6. Hartford Insurance Group, Hig F 02/12/47 Icon - 2.4%
7. Nextera Energy Capital Holdings Inc Series U Junior Subordinated Debentures Due June 1, 2085 - 2.2%
8. BNP Paribas SA, BNP V8.5 Perp 144A - 2.1%
9. Credit Agricole SA, Acafp V7.125 Perp 144A - 2.1%
10. Goldman Sachs Group, Gs V7.5 Perp X - 2%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →