FPF: More Expensive Than Normal, But A Good Income Fund
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First Trust Intermediate Duration Preferred & Income Fund (FPF) offers an attractive 8.80% yield, outperforming many domestic fixed-income indices and peers. The fund invests 80% in preferred and income-producing securities, with significant exposure to the banking sector.
December 12, 2024 | 7:45 pm
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POSITIVE IMPACT
First Trust Intermediate Duration Preferred & Income Fund (FPF) offers a high yield of 8.80%, making it attractive to income-focused investors. The fund's strategy includes significant exposure to the banking sector, primarily through preferred stocks.
FPF's high yield and strategy of investing in preferred and income-producing securities make it attractive to income-focused investors. The fund's significant exposure to the banking sector, primarily through preferred stocks, is not seen as a major risk, supporting a positive short-term outlook.
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