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Step 1
Add butter and cream cheese to a large bowl and mix for 2-3 minutes until light and airy.
Step 2
Add peaches and powdered sugar to the butter and mix until well combined, about 1 minute.
Step 3
Transfer spread to an airtight container and store in the fridge. Allow to set for 1-2 hours or overnight for flavor to develop.
Step 4
Serve on toast, English muffins, pancakes, etc. Spread will keep for 3-5 days in the fridge (this will depend on the ripeness of the fruit used).