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Investment Objective/Strategy - First Trust MLP and Energy Income 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. Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of publicly traded MLPs, MLP-related entities and other energy sector and energy utility 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 | FEI |
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 | 33739B104 |
Fiscal Year-End | 10/31 |
Exchange | NYSE |
Inception | 11/27/2012 |
Inception Price | $20.00 |
Inception NAV | $19.10 |
Closing NAV1 | $8.80 |
Closing Market Price2 | $7.39 |
Discount to Net Asset Value (NAV) | 16.02% |
Total Managed Assets | $489,956,278 |
Common Shares Outstanding | 45,228,904 |
Dividend Frequency | Monthly |
Dividend Per Share Amt3 | $0.0500 |
Distribution Rate4 | 8.12% |
Daily Volume | 57,241 |
Average 30-Day Daily Volume | 109,559 |
Closing Market Price 52-Week High/Low | $8.67 / $7.06 |
Closing NAV 52-Week High/Low | $9.97 / $8.08 |
Annual Expenses | Percent of Net Assets | Percent of Managed Assets |
Management Fees | 1.26% | 1.00% |
Other Expenses | 0.18% | 0.14% |
Total Operating Expenses | 1.44% | 1.14% |
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Leverage Costs | 0.52% | 0.42% |
Current Inc Tax Expenses | 0.32% | 0.26% |
Deferred Inc Tax Expenses | 0.00% | 0.00% |
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Total Annual Expenses | 2.28% | 1.82% |
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Leverage costs include interest, fees and any upfront/offering costs associated with borrowings by the Fund. FEI 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. |
9.39% |
Magellan Midstream Partners, L.P. |
8.58% |
Energy Transfer, L.P. |
7.55% |
Cheniere Energy Partners, L.P. |
5.29% |
MPLX, L.P. |
4.15% |
Plains All American Pipeline, L.P. |
4.10% |
Williams (The) Cos., Inc. |
3.77% |
Hess Midstream, L.P. |
3.64% |
ONEOK, Inc. |
3.16% |
Sempra Energy |
3.13% |
Past performance is not indicative of future results.
Total Net Assets with Leverage | $489,956,278 |
Amount Attributable to Common Shares | $397,956,278 |
Amount Attributable to Other Borrowings | $92,000,000 |
Leverage (% of Total Adjusted Net Assets) | 18.78% |
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Industry |
Percent |
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Petroleum Product Transmission
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31.90%
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Natural Gas Transmission
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24.78%
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Electric Power & Transmission
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18.85%
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Crude Oil Transmission
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10.86%
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Other
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8.54%
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Nat. Gas Gathering & Processing
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4.18%
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Propane
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0.89%
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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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