FPF Alternatives & Similar Mutual Funds

First Trust Intermediate Duration Preferred and Income Fund (FPF) belongs to the Preferred Stock 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 category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
HPI	John Hancock Preferred Income Fund	0.01%	—	Aug 2002	FPF vs HPI
HPS	John Hancock Preferred Income Fund III	0.01%	—	Jun 2003	FPF vs HPS
HPF	John Hancock Preferred Income Fund II	0.01%	—	Jan 2005	FPF vs HPF
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 7. There are 21 mutual funds in the Preferred Stock category with higher risk-adjusted ranks, going as high as 82.

Symbol	Name	Risk / Return Rank	AUM	Inception
JPDIX	JPMorgan Preferred and Income Securities Fund	82	—	Mar 2022	FPF vs JPDIX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	82	—	Apr 2011	FPF vs DPIIX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	77	—	Feb 2019	FPF vs PISHX
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	76	—	Nov 2015	FPF vs LPXZX
PCSFX	Principal Capital Securities Fund	74	—	Mar 2014	FPF vs PCSFX

Top Performing FPF Alternatives (YTD)

FPF is at -0.35% YTD. There are 22 mutual funds in the Preferred Stock category with higher YTD returns, going as high as 4.27%.

Symbol	Name	YTD Return	AUM	Inception
HPS	John Hancock Preferred Income Fund III	4.27%	—	Jun 2003	FPF vs HPS
HPF	John Hancock Preferred Income Fund II	4.26%	—	Jan 2005	FPF vs HPF
KIFAX	Salient Select Income Fund	4.19%	—	Mar 2001	FPF vs KIFAX
HPI	John Hancock Preferred Income Fund	4.06%	—	Aug 2002	FPF vs HPI
PTA	Cohen & Steers Tax-Advantaged Preferred Securities...	2.51%	—	—	FPF vs PTA

Lowest Volatility Alternatives to FPF

FPF has 8.69% 1-year volatility. There are 15 mutual funds in the Preferred Stock category with lower 1-year volatility, going as low as 1.94%.

Symbol	Name	Volatility 1Y	AUM	Inception
LPXZX	Cohen & Steers Low Duration Preferred and Income F...	1.94%	—	Nov 2015	FPF vs LPXZX
DPIIX	Destra Flaherty & Crumrine Preferred and Income Fu...	2.13%	—	Apr 2011	FPF vs DPIIX
PCSFX	Principal Capital Securities Fund	2.18%	—	Mar 2014	FPF vs PCSFX
ORDNX	North Square Preferred and Income Securities Fund	2.30%	—	Jun 2013	FPF vs ORDNX
PISHX	Cohen & Steers Preferred Securities and Income SMA...	2.46%	—	Feb 2019	FPF vs PISHX

Lowest Drawdown Alternatives to FPF

FPF has a 1-year max drawdown of -10.13%. There are 21 mutual funds in the Preferred Stock 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
ORDNX	North Square Preferred and Income Securities Fund	-2.66%	—	Jun 2013	FPF vs ORDNX
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

Other Mutual Funds from First Trust

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

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VARBX	Vivaldi Merger Arbitrage Fund Class I	Event Driven	99	2.46%	—	Oct 2015	FPF vs VARBX
FCT	First Trust Senior Floating Rate Income Fund II	Bank Loan	24	2.44%	—	Jan 2013	FPF vs FCT
FPEIX	First Trust Preferred Securities and Income Fund	Preferred Stock	55	0.24%	—	Jan 2011	FPF vs FPEIX
FTHY	First Trust High Yield Opportunities 2027 Term Fun...	High Yield Bonds	13	3.57%	—	Jun 2020	FPF vs FTHY
FFA	First Trust Enhanced Equity Income Fund	Derivative Income	56	7.62%	—	Aug 2004	FPF vs FFA
FDHIX	First Trust Short Duration High Income Fund	Bank Loan	33	0.09%	—	Oct 2012	FPF vs FDHIX
FMY	First Trust Mortgage Income Fund	Mortgage Backed Securities	4	-1.66%	—	May 2005	FPF vs FMY

Often Compared With FPF

Investors most often compare FPF with LGI, PPSIX, LBFFX. These 20 comparison targets span 6 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	30	10.46%	—	Apr 2004	FPF vs LGI
PPSIX	Principal Spectrum Preferred and Capital Securitie...	Preferred Stock	48	0.64%	—	Apr 2002	FPF vs PPSIX
LBFFX	Lord Abbett Convertible Fund Class F	Convertible Bonds	42	11.78%	—	—	FPF vs LBFFX
CPXIX	Cohen & Steers Preferred Securities and Income Fun...	Preferred Stock	73	1.70%	—	May 2010	FPF vs CPXIX
CCVIX	Calamos Convertible Fund	Convertible Bonds	66	17.66%	—	Jun 1985	FPF vs CCVIX
FIQVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	46	14.12%	—	Oct 2018	FPF vs FIQVX
FACVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	45	13.96%	—	Feb 2009	FPF vs FACVX
FICVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	46	14.07%	—	Feb 2009	FPF vs FICVX
CICVX	Calamos Convertible Fund	Convertible Bonds	67	17.82%	—	Jun 1997	FPF vs CICVX
FTCVX	Fidelity Advisor Convertible Securities Fund Class...	Convertible Bonds	43	13.75%	—	Feb 2009	FPF vs FTCVX
PFINX	PIMCO Preferred and Capital Securities Fund	Preferred Stock	65	1.81%	—	Apr 2015	FPF vs PFINX
NPSRX	Nuveen Preferred Securities & Income Fund	Preferred Stock	69	0.93%	—	Dec 2006	FPF vs NPSRX
FCVSX	Fidelity Convertible Securities Fund	Convertible Bonds	19	14.46%	—	Jan 1987	FPF vs FCVSX
NCV	Virtus Convertible and Income Fund	Convertible Bonds	79	18.31%	—	Mar 2003	FPF vs NCV
CHI	Calamos Convertible Opportunities and Income Fund	Convertible Bonds	83	27.35%	—	Jun 1997	FPF vs CHI
BST	BlackRock Science and Technology Trust		84	22.43%	—	—	FPF vs BST
JAAA	Janus Henderson AAA CLO ETF	CLO	99	2.62%	29.22B	Oct 2020	FPF vs JAAA
JEPI	JPMorgan Equity Premium Income ETF	Dividend, Derivative Income	56	5.04%	45.80B	May 2020	FPF vs JEPI
NEA	Nuveen AMT-Free Quality Municipal Income Fund		76	0.96%	—	Nov 2002	FPF vs NEA
RQI	Cohen & Steers Quality Income Realty Fund, Inc.		66	15.47%	—	Feb 2002	FPF vs RQI

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