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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.
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 |
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 |
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% |
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Leverage Costs | 1.49% | 1.31% |
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Total Annual Expenses | 2.96% | 2.62% |
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Leverage costs include interest, fees and any upfront/offering costs associated with borrowings by the Fund.
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% |
Past performance is not indicative of future results.
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% |
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Industry |
Percent |
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Natural Gas Transmission
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27.07%
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Electric Power & Transmission
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24.52%
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Petroleum Product Transmission
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23.88%
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Crude Oil Transmission
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11.24%
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Other
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8.92%
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Gathering & Processing
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4.26%
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Propane
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0.11%
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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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