FPF Alternatives & Similar Mutual Funds

First Trust Intermediate Duration Preferred and Income Fund (FPF) belongs to the Preferred Stock/Convertible Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FPF. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FPF

FPF charges 0.02% annually. There are 5 mutual funds in the Preferred Stock/Convertible Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
HPF	John Hancock Preferred Income Fund II	0.01%	—	Jan 2005	FPF vs HPF
HPS	John Hancock Preferred Income Fund III	0.01%	—	Jun 2003	FPF vs HPS
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	FPF vs HPI
JPC	Nuveen Preferred and Income Opportunities Fund	0.01%	—	Mar 2003	FPF vs JPC
LDP	Cohen and Steers Limited Duration Preferred and In...	0.01%	—	May 2012	FPF vs LDP

Best Risk-Adjusted Alternatives to FPF

FPF has a PortfoliosLab risk / return rank of 10. There are 31 mutual funds in the Preferred Stock/Convertible Bonds category with higher risk-adjusted ranks, going as high as 91.

Symbol	Name	Risk / Return Rank	AUM	Inception
CICVX	Calamos Convertible Fund	91	—	Jun 1997	FPF vs CICVX
CCVIX	Calamos Convertible Fund	91	—	Jun 1985	FPF vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	90	—	Oct 2018	FPF vs FIQVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	90	—	Feb 2009	FPF vs FICVX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	89	—	Feb 2009	FPF vs FACVX

Top Performing FPF Alternatives (YTD)

FPF is at -0.26% YTD. There are 29 mutual funds in the Preferred Stock/Convertible Bonds category with higher YTD returns, going as high as 26.40%.

Symbol	Name	YTD Return	AUM	Inception
CICVX	Calamos Convertible Fund	26.40%	—	Jun 1997	FPF vs CICVX
CCVIX	Calamos Convertible Fund	26.29%	—	Jun 1985	FPF vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	25.47%	—	Oct 2018	FPF vs FIQVX
FCVSX	Fidelity Convertible Securities Fund	25.40%	—	Jan 1987	FPF vs FCVSX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	25.40%	—	Feb 2009	FPF vs FICVX

Lowest Volatility Alternatives to FPF

FPF has 8.69% 1-year volatility. There are 15 mutual funds in the Preferred Stock/Convertible Bonds category with lower 1-year volatility, going as low as 1.85%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.85%	—	Nov 2015	FPF vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.12%	—	Apr 2011	FPF vs DPIIX
PCSFX	Principal Capital Securities Fund	2.12%	—	Mar 2014	FPF vs PCSFX
PPSIX	Principal Spectrum Preferred and Capital Securitie...	2.39%	—	Apr 2002	FPF vs PPSIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.40%	—	Feb 2019	FPF vs PISHX

Lowest Drawdown Alternatives to FPF

FPF has a 1-year max drawdown of -10.13%. There are 29 mutual funds in the Preferred Stock/Convertible Bonds category with shallower 1-year drawdowns, going as shallow as -2.14%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	-2.14%	—	Nov 2015	FPF vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	-2.39%	—	Apr 2011	FPF vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	-2.83%	—	Feb 2019	FPF vs PISHX
JPDIX	JPMorgan Preferred and Income Securities Fund	-2.92%	—	Mar 2022	FPF vs JPDIX
PCSFX	Principal Capital Securities Fund	-2.97%	—	Mar 2014	FPF vs PCSFX

Other Mutual Funds from First Trust

The 7 most viewed First Trust mutual funds shown here include VARBX, FPEIX, FCT and span 6 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VARBX	Vivaldi Merger Arbitrage Fund Class I	Event Driven	98	1.61%	—	Oct 2015	FPF vs VARBX
FPEIX	First Trust Preferred Securities and Income Fund	Preferred Stock/Convertible Bonds	72	0.36%	—	Jan 2011	FPF vs FPEIX
FCT	First Trust Senior Floating Rate Income Fund II	Bank Loan	22	0.74%	—	Jan 2013	FPF vs FCT
FFA	First Trust Enhanced Equity Income Fund	Derivative Income	46	6.01%	—	Aug 2004	FPF vs FFA
FTHY	First Trust High Yield Opportunities 2027 Term Fun...	High Yield Bonds	5	-0.35%	—	Jun 2020	FPF vs FTHY
FDHIX	First Trust Short Duration High Income Fund	Bank Loan	37	-0.14%	—	Oct 2012	FPF vs FDHIX
FMY	First Trust Mortgage Income Fund	Mortgage Backed Securities	4	-2.66%	—	May 2005	FPF vs FMY

Often Compared With FPF

Investors most often compare FPF with LGI, LBFFX, CPXIX. These 7 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
LGI	Lazard Global Total Return and Income Fund	Global Allocation	20	8.63%	—	Apr 2004	FPF vs LGI
LBFFX	Lord Abbett Convertible Fund Class F	Preferred Stock/Convertible Bonds	88	22.45%	—	—	FPF vs LBFFX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock/Convertible Bonds	82	1.66%	—	May 2010	FPF vs CPXIX
NCV	Virtus Convertible and Income Fund	Preferred Stock/Convertible Bonds	80	19.08%	—	Mar 2003	FPF vs NCV
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock/Convertible Bonds	76	0.72%	—	Dec 2006	FPF vs NPSRX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Preferred Stock/Convertible Bonds	89	25.12%	—	Feb 2009	FPF vs FTCVX
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock/Convertible Bonds	74	1.82%	—	Apr 2015	FPF vs PFINX

Compare FPF with Any Fund or Stock

Compare FPF with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FPF with funds that move differently

First Trust Intermediate Duration Preferred and Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FPF.

Explore FPF Diversifiers

First Trust Intermediate Duration Preferred and Income Fund (FPF) Alternatives