FPF: Banking Sector Exposure Could Be A Short-Term Risk
2025-11-06 16:38:57 ET
The First Trust Intermediate Duration Preferred & Income Fund ( FPF ) is a closed-end fund, or CEF, that investors who are seeking to earn a high level of current income may wish to consider as a means of achieving their goals. The fund does quite well in this respect, particularly when compared to the fixed-income indices that investors might otherwise consider purchasing. We can see this in the simple fact that FPF boasts an 8.79% yield at the current share price, which is substantially higher than the yields of any of the major domestic or global fixed-income indices. We can see that quite clearly in this chart:
Index/ETF | Current Yield |
Bloomberg U.S. Aggregate Bond Index ( AGG ) | 3.86% |
Bloomberg High Yield Very Liquid Index ( JNK ) | 6.61% |
Vanguard Total World Bond ETF ( BNDW ) | 4.06% |
Vanguard Total International Bond Index Fund ETF Shares ( BNDX ) | 4.36% |
J.P. Morgan EMBI Global Core Index ( EMB ) | 5.07% |
ICE Exchange-Listed Preferred & Hybrid Securities Index ( PFF ) | 6.61% |
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FPF: Banking Sector Exposure Could Be A Short-Term Risk
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