FPF Futures Portfolio Fund Dashboard

First Trust Intermediate Duration Preferred & Income Fund engages in the investment current income and a secondary objective of capital appreciation. The company was founded in 1999 is headquartered in Wheaton, IL.

Company profile

Ticker

FPF

Exchange

NYSE

Website

www.ftportfolios.com/retail/cef/cefsummary.aspx?ticker=fpf

CEO

James Dykas

Incorporated

Maryland

Location

Maryland

Fiscal year end

Dec 31

Sector

Miscellaneous > Investment Trusts/Mutual Funds

Industry (SIC)

Commodity Contracts Brokers & Dealers

SPDR Gold Trust • iShares Silver Trust • Invesco DB Commodity Index Tracking Fund • Ishares Gold Trust • United States Natural Gas Fund • Invesco DB Agriculture Fund • Grayscale Bitcoin Trust • United States Oil Fund • iShares S&P GSCI Commodity-Indexed Trust • Ceres Orion ...

Former names

FUTURES PORTFOLIO FUND LP

SEC CIK

0000861441

Corporate docs

Articles of Incorporation & Bylaws

FPF stock data

S&P 500

1M 1Y 2Y 5Y

News

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Analyzing First Trust Inter Dur's Ex-Dividend Date

31 Mar 21

On March 22, 2021, First Trust Inter Dur (NYSE:FPF) announced shareholders can expect to receive a dividend payable on April 15, 2021. The stock will then go ex-dividend 2 business day(s) before the record date.

Understanding First Trust Inter Dur's Ex-Dividend Date

26 Feb 21

On February 22, 2021, First Trust Inter Dur (NYSE:FPF) declared a dividend payable on March 15, 2021 to its shareholders. First Trust Inter Dur also announced that shareholders on the company's books on or before March 2, 2021 are entitled to the dividend.

Press releases

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First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for April

22 Mar 21

First Trust Intermediate Duration Preferred & Income Fund (the "Fund") (NYSE:FPF) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.1275 per share payable on

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for March

22 Feb 21

First Trust Intermediate Duration Preferred & Income Fund Declares its Monthly Common Share Distribution of $0.1275 Per Share for February

20 Jan 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

30 Mar 21

13 Apr 21

31 Dec 21

Financial summary

Financial statements Chart FPF financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	50.57M	50.57M	50.57M	50.57M	50.57M	50.57M
Cash burn (monthly)	1.26M	1.62M	133.61K	147.08K	(positive/no burn)	(positive/no burn)
Cash used (since last report)	4.36M	5.59M	461.88K	508.45K	n/a	n/a
Cash remaining	46.21M	44.98M	50.11M	50.06M	n/a	n/a
Runway (months of cash)	36.6	27.8	375.0	340.4	n/a	n/a

Beta Read what these cash burn values mean

Financial report summary

Management Discussion

The outcome of the ongoing coronavirus situation is uncertain and could have a positive or negative impact on the performance of the Fund. In addition to the tragic human impacts of the virus, the resulting economic fallout appears recessionary. The past two U.S. recessions, in 2000 and 2008, were two of the best performing periods for the Fund. However, the future will not unfold exactly like the past and the Fund’s performance in the future is unknowable.
The Fund’s exposures evolve dynamically based on the tactical opportunities perceived by the underlying systematic trading programs. As macroeconomic trends change course, for example becoming more bearish, we would expect the portfolio’s exposures to adapt accordingly. For example, the Fund’s current positioning has changed substantially from year end.
During January and February 2020, the Fund redeemed its interest in the LoCorr Macro Strategies Fund, removed Mondiale Asset Management Ltd., PGR Capital LLP and Winton Capital Management Ltd. as Trading Advisors and added Graham Capital Management, LP. Additionally, the Fund modified the trading program that Millburn Ridgefield Corporation used for the Fund to a program with higher volatility. In August, the Fund removed Synergie Capital Management, LLC as Trading Advisor.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

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From filing 10-K 2020 FY