Bedrijfsoverzicht
First Trust Intermediate Duration Preferred & Income Fund is a closed-end fixed income mutual fund that focuses on investments within the fixed income markets, including below investment-grade securities, to generate current income. This entity operates within the Financial Services sector and specifically within the Asset Management industry, which involves the professional management of portfolios on behalf of clients or institutions. The fund carries a total market capitalization of $1.10B, while specific figures for annual revenue and employee count are not disclosed in the available data. The market cap of $1.10B indicates that the fund manages a substantial pool of assets, positioning it as a significant player in the closed-end fund landscape, whereas the absence of revenue data reflects the unique accounting treatment of investment vehicles where assets under management generate fees rather than traditional sales revenue.
Financiële gezondheid
The available financial statements do not provide specific figures for revenue, net income, or EBITDA, which is consistent with the reporting standards for many closed-end funds where these traditional corporate metrics may be presented differently or aggregated. Similarly, the free cash flow metric is not disclosed, meaning there is no data available to assess the fund's immediate financial flexibility through cash generation capabilities. The fund reports a gross margin of 0.0%, an operating margin of 0.0%, and a profit margin of 0.0%, which indicates that the fund's financial structure relies on the net assets rather than a traditional cost-of-goods-sold model typical of operating companies. Regarding liquidity and leverage, specific numbers for total cash, total debt, and the debt-to-equity ratio are not provided, preventing a direct comparison of the balance sheet's conservative or leveraged nature. Furthermore, the current ratio is not listed, so the fund's short-term ability to cover its liabilities with current assets cannot be quantified using the provided data. Return on Equity and Return on Assets are also marked as unavailable, which limits the ability to evaluate management effectiveness through these specific return metrics based solely on the supplied facts.
Waarderingsbeoordeling
The trailing twelve-month P/E ratio stands at 9.20, while the forward P/E ratio is not available, suggesting that forward-looking earnings estimates are either not projected or not reported for this specific fund in the current dataset. The price-to-book ratio is not disclosed, which precludes an analysis of whether the market is applying a premium or discount to the fund's underlying asset value relative to its book equity. Similarly, the price-to-sales ratio and EV/EBITDA metrics are not provided, leaving alternative valuation multiples unavailable for comparison against peers or historical averages. The fund has reached a 52-week high of $19.75 and a 52-week low of $16.65, defining a trading range of $3.10 over the past year. Without the current share price explicitly stated as a variable number, the exact percentage distance from the high or low cannot be calculated, but the range itself illustrates the volatility experienced by the security within the current fiscal period. The beta value is not available, making it impossible to quantify the fund's price volatility relative to the broader market movements using the standard risk metric.
Growth & Income
Revenue growth and earnings growth rates are both listed as unavailable, which means specific year-over-year expansion rates cannot be determined for the fund from the provided data. In terms of income generation, the fund offers a dividend yield of 9.1%, supported by a payout ratio of 83.8%, indicating that a significant portion of the distributed income is derived from the fund's earnings or distributions. The high payout ratio of 83.8% suggests that the fund is distributing the vast majority of its available income to shareholders, a common characteristic of closed-end funds that do not retain earnings for reinvestment in the same manner as operating corporations. Overall, the fund presents a profile centered on high current yield rather than capital appreciation or traditional revenue growth, as evidenced by the focus on fixed income securities and the lack of growth metrics in the available facts.