First Trust Energy Infrastructure Fund (FIF)

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	Fact Sheet

Fund Summary

Investment Objective/Strategy - First Trust Energy Infrastructure Fund (the "Fund") is a non-diversified, closed-end management investment company. The investment objective of the Fund is to seek a high level of total return with an emphasis on current distributions paid to shareholders. The Fund pursues its objective by investing primarily in securities of companies engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships ("MLPs") and limited liability companies taxed as partnerships, MLP affiliates, YieldCos, pipeline companies, utilities and other infrastructure-related companies that derive at least 50% of their revenues from operating, or providing services in support of, infrastructure assets such as pipelines, power transmission and petroleum and natural gas storage in the petroleum, natural gas and power generation industries (collectively, "Energy Infrastructure Companies"). For purposes of the Fund's investment objective, total return includes capital appreciation of, and all distributions received from, securities in which the Fund invests, taking into account the varying tax characteristics of such securities. Under normal market conditions, the Fund invests at least 80% of its managed assets (total asset value of the Fund minus the sum of the Fund's liabilities other than the principal amount of borrowings) in securities of Energy Infrastructure Companies.

There can be no assurance that the Fund's investment objectives will be achieved. The Fund may not be appropriate for all investors.

Fund Overview

Ticker	FIF
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	33738C103
Fiscal Year-End	11/30
Exchange	NYSE
Inception	9/27/2011
Inception Price	$20.00
Inception NAV	$19.10

Current Fund Data (as of 9/29/2023)

Closing NAV¹	$16.81
Closing Market Price²	$15.14
Discount to Net Asset Value (NAV)	9.93%
Total Managed Assets	$333,597,191
Common Shares Outstanding	15,666,039
Dividend Frequency	Monthly
Dividend Per Share Amt³	$0.1000
Distribution Rate⁴	7.93%
Daily Volume	19,954
Average 30-Day Daily Volume	18,762
Closing Market Price 52-Week High/Low	$15.70 / $13.16
Closing NAV 52-Week High/Low	$17.93 / $15.36

Expense Ratios (as of 5/31/2023)

Annual Expenses	Percent of Net Assets	Percent of Managed Assets
Management Fees	1.26%	1.12%
Other Expenses	0.21%	0.19%
Total Operating Expenses	1.47%	1.31%

Leverage Costs	1.49%	1.31%

Total Annual Expenses	2.96%	2.62%

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

Top 10 Holdings (as of 8/31/2023)⁶

Holding	Percent
Magellan Midstream Partners, L.P.	7.34%
Plains GP Holdings, L.P.	7.27%
Enterprise Products Partners, L.P.	6.83%
Energy Transfer Equity, L.P.	6.60%
DT Midstream, Inc.	5.19%
Kinder Morgan, Inc.	4.85%
Sempra	4.17%
Williams (The) Cos., Inc.	4.03%
Hess Midstream, L.P., Class A	3.89%
Keyera Corp. (CAD)	2.78%

Market Price and NAV History (Since Inception)

Past performance is not indicative of future results.

% Premium/Discount (Since Inception)

Leverage Information (as of 9/29/2023)⁵

Total Net Assets with Leverage	$333,597,191
Amount Attributable to Common Shares	$263,297,191
Amount Attributable to Other Borrowings	$70,300,000
Leverage (% of Total Adjusted Net Assets)	21.07%

Industry Breakdown (as of 8/31/2023)⁶

	Industry	Percent
	Natural Gas Transmission	27.07%
	Electric Power & Transmission	24.52%
	Petroleum Product Transmission	23.88%
	Crude Oil Transmission	11.24%
	Other	8.92%
	Gathering & Processing	4.26%
	Propane	0.11%

Performance (as of 8/31/2023)

	3 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Fund Inception⁷
Fund Performance *
Net Asset Value (NAV)	8.87%	6.57%	4.45%	19.91%	6.93%	5.70%	8.01%
Market Price	11.98%	11.03%	7.25%	23.15%	5.95%	5.09%	6.48%

*Total return is the combination of reinvested dividend, capital gain, and return of capital distributions, if any, at prices obtained by the Dividend Reinvestment Plan, and changes in the NAV and Market Price. The NAV total return takes into account the fund's total annual expenses and does not reflect sales load. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. Past performance is not indicative of future results.

Footnotes

¹	The fund's NAV is calculated by dividing the value of all the fund's assets, less all liabilities, by the total number of common shares outstanding.
²	Fund shares are purchased and sold on an exchange at their market 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 to today's date. Subject to change in the future. There is no guarantee that the fund will declare dividends.
⁴	Distribution rates are calculated by annualizing the most recent distribution paid or declared through today's date and then dividing by the most recent market price. The distribution consists of the sum of net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. Distribution rates may vary. Any distribution adjustment will not be reflected until after the declaration date for the next distribution. See the fund's 19a-1 Notices, if any, located under the "News & Literature" section of the website for estimates of distribution sources. Final determination of the source and tax status of all distributions paid in the current year will be made after year-end.
⁵	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 increase yield and total return. Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.
⁶	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-PORT Part F) that are based on trade date recording of security transactions. Holdings are subject to change.
⁷	Inception Date is 9/27/2011

Risk Considerations

Risks are inherent in all investing. Certain risks applicable to the Fund are identified below, which includes the risk that you could lose some or all of your investment in the Fund. The principal risks of investing in the Fund are spelled out in the Fund's annual shareholder reports. The order of the below risk factors does not indicate the significance of any particular risk factor. The Fund also files reports, proxy statements and other information that is available for review.

The fund is subject to risks, including the fact that it is a non-diversified closed-end management investment company. Investment return and market value of an investment in the fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.

In February 2022, Russia invaded Ukraine which has caused and could continue to cause significant market disruptions and volatility within the markets in Russia, Europe, and the United States. The hostilities and sanctions resulting from those hostilities could have a significant impact on certain fund investments as well as fund performance. The COVID-19 global pandemic and the ensuing policies enacted by governments and central banks have caused and may continue to cause significant volatility and uncertainty in global financial markets. While vaccines have been developed, there is no guarantee that vaccines will be effective against future variants of the disease. Recent and potential future bank failures could result in disruption to the broader banking industry or markets generally and reduce confidence in financial institutions and the economy as a whole, which may also heighten market volatility and reduce liquidity.

Because the fund is concentrated in securities issued by energy infrastructure companies, it will be more susceptible to adverse economic or regulatory occurrences affecting that industry, including high interest costs, high leverage costs, the effects of economic slowdown, surplus capacity, increased competition, uncertainties concerning the availability of fuel at reasonable prices, the effects of energy conservation policies and other factors.

The fund invests in securities of non-U.S. issuers which are subject to higher volatility than securities of U.S. issuers. Because the fund invests in non-U.S. securities, you may lose money if the local currency of a non-U.S. market depreciates against the U.S. dollar.

There can be no assurance as to what portion of the distributions paid to the fund's Common Shareholders will consist of tax-advantaged qualified dividend income.

Use of leverage can result in additional risk and cost, and can magnify the effect of any losses.

To the extent a fund invests in floating or variable rate obligations that use the London Interbank Offered Rate (“LIBOR”) as a reference interest rate, it is subject to LIBOR Risk. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, will cease making LIBOR available as a reference rate over a phase-out period that will begin immediately after December 31, 2021. The unavailability or replacement of LIBOR may affect the value, liquidity or return on certain fund investments and may result in costs incurred in connection with closing out positions and entering into new trades. Any potential effects of the transition away from LIBOR on the fund or on certain instruments in which the fund invests can be difficult to ascertain, and they may vary depending on a variety of factors, and they could result in losses to the fund.

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

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Not FDIC Insured • Not Bank Guaranteed • May Lose Value