First Trust Energy Income And Growth Fund (FEN)

	Printer Friendly Page
	Fact Sheet

First Trust Energy Income and Growth Fund (FEN)

Fund Summary

Investment Objective/Strategy - First Trust Energy Income and Growth Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund seeks to provide its shareholders with an efficient vehicle to invest in a portfolio of cash-generating securities of energy companies. The Fund will focus on investing in publicly traded master limited partnerships ("MLPs") and related public entities in the energy sector which the Fund's investment sub-advisor believes offer opportunities for income and growth. Under normal market conditions after the invest-up period, the Fund will invest at least 85% of its managed assets in securities of energy companies, energy sector MLPs and MLP-related entities and will invest at least 65% of its managed assets in equity securities of such MLPs and MLP-related entities.

There can be no assurance that the Fund's investment objectives will be achieved.

Fund Overview

Ticker	FEN
Fund Type	Energy
Investment Advisor	First Trust Advisors L.P.
Portfolio Manager/Sub-Advisor	Energy Income Partners, LLC
Investor Servicing Agent	BNY Mellon Investment Servicing (US) Inc.
CUSIP	33738G104
Fiscal Year-End	11/30
Exchange	NYSE MKT
Inception	6/24/2004
Inception Price	$20.00
Inception NAV	$19.10

Current Fund Data (as of 6/17/2013)

Closing NAV¹	$32.67
Closing Share Price²	$33.74
Premium to NAV	3.28%
Total Managed Assets	$842,353,600
Common Shares Outstanding	19,343,694
Dividend Frequency	Quarterly
Dividend Per Share Amt³	$0.5150
Distribution Rate⁴	6.11%
Daily Volume	166,275
Average 30-Day Daily Volume	120,332
Closing Share Price 52-Week High/Low	$36.38 / $27.68
Closing NAV 52-Week High/Low	$33.86 / $26.79

Expense Ratios (as of 11/30/2012)

Annual Expenses	Percent of Net Assets	Percent of Managed Assets
Management Fees	1.34%	1.00%
Other Expenses	0.45%	0.34%
Total Operating Expenses	1.79%	1.34%

Leverage Costs	0.47%	0.35%
Current Inc Tax Expenses	0.50%	0.37%
Deferred Inc Tax Expenses	6.73%	5.02%

Total Annual Expenses	9.49%	7.08%

Leverage costs include interest, fees and any upfront/offering costs associated with borrowings by the Fund.

FEN 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.

Industry Allocation (as of 4/30/2013)⁷

	Asset Description	Percent
	Midstream Oil	51.97%
	Midstream Gas	25.56%
	Utility	10.42%
	Coal	5.83%
	Propane	3.45%
	Marine	2.63%
	Other	0.14%

Top Holdings by Issuer (as of 4/30/2013)⁷

Holding	Percent
Magellan Midstream Partners, L.P.	7.50%
Enterprise Products Partners, L.P.	7.08%
Plains All American Pipeline, L.P.	6.55%
Kinder Morgan Management, LLC	4.97%
Sunoco Logistics Partners, L.P.	3.95%
NuStar Energy, L.P.	3.64%
Enbridge Energy Partners, L.P.	3.34%
El Paso Pipeline Partners, L.P.	3.26%
Energy Transfer Equity, L.P.	3.11%
Alliance Resource Partners, L.P.	3.09%

Share Price and NAV History (Since Inception)

Past performance is not indicative of future results.

Volume (Since Inception)

% Premium/Discount (Since Inception)

Cumulative Total Returns (as of 5/31/2013)⁵

Period	Share Price	NAV
3 Months	-3.13%	3.02%
1 Year	21.46%	26.20%
3 Years	75.72%	83.77%
5 Years	104.34%	85.68%
Year to Date	12.07%	15.67%
Inception to Date	205.42%	209.82%

Calendar Year Returns (as of 12/31/2012)⁵

Period	Share Price	NAV
2005	3.68%	8.53%
2006	23.70%	24.80%
2007	3.07%	-1.23%
2008	-39.80%	-41.14%
2009	87.45%	62.30%
2010	24.24%	34.40%
2011	12.50%	17.19%
2012	15.97%	6.33%

Average Annual Returns (as of 5/31/2013)⁵

Period	Share Price	NAV
3 Years	20.67%	22.49%
5 Years	15.36%	13.18%
Inception to Date	13.31%	13.49%

Leverage Information (as of 6/17/2013)⁶

Total Net Assets with Leverage	$842,353,600
Amount Attributable to Common Shares	$631,953,600
Amount Attributable to Preferred Shares	$0
Amount Attributable to Other Borrowings	$210,400,000
Leverage (% of Total Net Assets)	24.98%

Footnotes

¹	The NAV represents the fund's net assets (assets less liabilities) divided by the fund's common shares outstanding.
²	Fund shares are purchased and sold on an exchange at their share price rather than net asset value (NAV), which may cause the shares to trade at a price greater than NAV (premium) or less than NAV (discount).
³	Most recent distribution paid or declared through today's date. Subject to change in the future.
⁴	Distribution rates are calculated by annualizing the most recent distribution paid or declaration through today's date and then dividing by the most recent market price. Distribution Rates May Vary. Any distribution adjustment will not be reflected until after the declaration date for the next distribution. The distribution rate may include realized short-term capital gains and/or a return of capital. See the fund's 19a-1 Notices, if any, located under the "News & Literature" section of the website for estimates of distribution sources other than income. Final determination of the source and tax status of all distributions paid in the current year will be made after year-end.
⁵	Total return is the combination of reinvested dividend income and reinvested capital gains distributions, at prices obtained by the Dividend Reinvestment Plan, if any, and changes in the NAV and Share Price. The NAV total return takes into account the fund's total annual expenses and does not reflect sales load. Past performance is not indicative of future results.
⁶	Included in the Other Borrowings amount is a committed facility agreement with BNP Paribas Prime Brokerage, Inc. with a maximum commitment amount of $230,000,000. The borrowing rate under the facility is equal to the 1-month LIBOR plus 70 basis points. Leverage is a technique where a closed-end fund's manager borrows assets at one rate and invests the proceeds from the borrowed assets at another rate, seeking to increasing yield and total return. Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.
⁷	Market value information used in calculating the percentages is based upon trade date plus one recording of transactions, which can differ from regulatory financial reports (Forms N-CSR and N-Q) that are based on trade date recording of security transactions. Holdings are subject to change.

Risk Considerations

The Fund is subject to various risks, including: Investment and Market Risk, Energy Sector Risk, Commodity Pricing Risk, Supply and Demand Risk, Depletion and Exploration Risk, Regulatory Risk, Interest Rate Risk, Acquisition Risk, Affiliated Party Risk, Catastrophe Risk, Terrorism/Market Disruption Risk, MLP Risk, Industry Specific Risk, Cash Flow Risk, Tax Risk, Tax Law Change Risk, Deferred Tax Risk, Equity Securities Risk, Leverage Risk, Derivatives Risk, Portfolio Turnover Risk, Restricted Securities Risk, Liquidity Risk, Valuation Risk, Below Investment Grade Securities Risk, Non-Diversification, Market Disruption Risk, Anti-Takeover Provisions, Market Discount from Net Asset Value, Inflation Risk, and Certain Affiliations.

An investment in securities issued by MLPs, MLP-related entities and energy companies entails risks, including fluctuations in energy prices, decreases in the supply of or demand for energy commodities, increased government regulation, natural disasters, and various other risks.

The risks of investing in the Fund are spelled out in the prospectus, shareholder report and other regulatory filings.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value