Investment Objective/Strategy - First Trust New Opportunities MLP & Energy Fund (the "Fund") is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The Fund seeks to provide its common shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in publicly traded master limited partnerships ("MLPs"), MLP-related entities and other companies in the energy sector and energy utility industries that are weighted towards non-cyclical, fee-for-service revenues. Under normal market conditions, the Fund will invest at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities companies that the Fund's Sub-Advisor believes offer opportunities for growth and income.
There can be no assurance that the Fund's investment objectives will be achieved. The Fund may not be appropriate for all investors.
Ticker | FPL |
Fund Type | Energy |
Investment Advisor | First Trust Advisors L.P. |
Portfolio Manager/Sub-Advisor | Energy Income Partners, LLC |
Investor Servicing Agent | Computershare Trust Company, N.A. |
CUSIP | 33739M100 |
Fiscal Year-End | 10/31 |
Exchange | NYSE |
Inception | 3/26/2014 |
Inception Price | $20.00 |
Inception NAV | $19.10 |
Closing NAV1 | $7.80 |
Closing Market Price2 | $7.55 |
Discount to Net Asset Value (NAV) | 3.21% |
Total Managed Assets | $227,688,619 |
Common Shares Outstanding | 23,447,660 |
Dividend Frequency | Monthly |
Dividend Per Share Amt3 | $0.0375 |
Distribution Rate4 | 5.96% |
Daily Volume | 43,197 |
Average 30-Day Daily Volume | 85,445 |
Closing Market Price 52-Week High/Low | $7.55 / $5.73 |
Closing NAV 52-Week High/Low | $7.80 / $6.71 |
Annual Expenses | Percent of Net Assets | Percent of Managed Assets |
Management Fees | 1.26% | 1.00% |
Other Expenses | 0.24% | 0.19% |
Total Operating Expenses | 1.50% | 1.19% |
|
Leverage Costs | 1.19% | 0.94% |
Current Inc Tax Expenses | 0.01% | 0.01% |
Deferred Inc Tax Expenses | 0.00% | 0.00% |
|
Total Annual Expenses | 2.70% | 2.14% |
|
Leverage costs include interest, fees and any upfront/offering costs associated with borrowings by the Fund. FPL is treated as a regular C corporation for U.S. federal income tax purposes and as such is obligated to pay federal and applicable state and foreign corporate taxes on its taxable income.
Holding |
Percent |
Enterprise Products Partners, L.P. |
9.30% |
Energy Transfer, L.P. |
7.94% |
ONEOK, Inc. |
5.54% |
MPLX, L.P. |
5.17% |
Cheniere Energy Partners, L.P. |
4.70% |
Williams (The) Cos., Inc. |
4.40% |
Plains All American Pipeline, L.P. |
3.87% |
Kinder Morgan, Inc. |
3.55% |
DT Midstream, Inc. |
3.30% |
Sempra |
2.96% |
Past performance is not indicative of future results.
Total Net Assets with Leverage | $227,688,619 |
Amount Attributable to Common Shares | $182,788,619 |
Amount Attributable to Other Borrowings | $44,900,000 |
Leverage (% of Total Adjusted Net Assets) | 19.72% |
|
Industry |
Percent |
|
Natural Gas Transmission
|
27.86%
|
|
Petroleum Product Transmission
|
25.09%
|
|
Electric Power & Transmission
|
23.20%
|
|
Other
|
11.30%
|
|
Crude Oil Transmission
|
10.78%
|
|
Nat. Gas Gathering & Processing
|
1.62%
|
|
Propane
|
0.15%
|
|
|