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2023 Estimated Capital Gain Distributions
Please note that none our First Trust Closed-End Funds are expected to pay a special long-term capital gain distribution in December. Also, none of the First Trust Closed-End Funds are expected to pay any special short-term capital gain distributions in December. Final determination of the source and tax status of all distributions paid in the current year are to be made after year-end and could differ from the expectations noted above.
Investment Objective/Strategy - First Trust Energy Income and Growth Fund (the "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 pursues its objective by investing in cash-generating securities of energy companies, with a focus on investing in publicly-traded MLPs, MLP-related entities and other companies in the energy sector which EIP believes offer opportunities for income and growth. Under normal market conditions, the Fund will invest at least 85% of its managed assets in securities of energy companies, energy sector MLPs and MLP-related entities.
There can be no assurance that the Fund's investment objectives will be achieved. The Fund may not be appropriate for all investors.
Ticker | FEN |
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 | 33738G104 |
Fiscal Year-End | 11/30 |
Exchange | NYSE American |
Inception | 6/24/2004 |
Inception Price | $20.00 |
Inception NAV | $19.10 |
Closing NAV1 | $16.10 |
Closing Market Price2 | $14.65 |
Discount to Net Asset Value (NAV) | 9.01% |
Total Managed Assets | $390,608,796 |
Common Shares Outstanding | 19,463,721 |
Dividend Frequency | Quarterly |
Dividend Per Share Amt3 | $0.3000 |
Distribution Rate4 | 8.19% |
Daily Volume | 21,182 |
Average 30-Day Daily Volume | 62,621 |
Closing Market Price 52-Week High/Low | $14.74 / $12.16 |
Closing NAV 52-Week High/Low | $16.13 / $14.28 |
Annual Expenses | Percent of Net Assets | Percent of Managed Assets |
Management Fees | 1.26% | 1.00% |
Other Expenses | 0.19% | 0.15% |
Total Operating Expenses | 1.45% | 1.15% |
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Leverage Costs | 1.17% | 0.92% |
Current Inc Tax Expenses | 1.18% | 0.94% |
Deferred Inc Tax Expenses | -4.12% | -3.26% |
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Total Annual Expenses | -0.32% | -0.25% |
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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.
Total Net Assets with Leverage | $390,608,796 |
Amount Attributable to Common Shares | $313,408,796 |
Amount Attributable to Other Borrowings | $77,200,000 |
Leverage (% of Total Adjusted Net Assets) | 19.76% |
Past performance is not indicative of future results.
Holding |
Percent |
Enterprise Products Partners, L.P. |
9.88% |
Energy Transfer, L.P. |
8.42% |
Cheniere Energy Partners, L.P. |
6.68% |
MPLX, L.P. |
5.68% |
Williams (The) Cos., Inc. |
5.67% |
Plains All American Pipeline, L.P. |
5.17% |
Hess Midstream, L.P. |
3.55% |
Kinder Morgan, Inc. |
3.53% |
DT Midstream, Inc. |
3.43% |
Sempra Energy |
3.00% |
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Industry |
Percent |
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Natural Gas Transmission
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28.46%
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Petroleum Product Transmission
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23.95%
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Electric Power & Transmission
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19.56%
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Crude Oil Transmission
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12.84%
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Other
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10.10%
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Gathering & Processing
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4.13%
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Propane
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0.96%
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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