Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
25 June 2004Website:
http://www.ftportfolios.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/ADividend
Analysts recommendations
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FEN Latest News
First Trust Energy Income and Growth Fund offers investors a way to add midstream partnerships to retirement accounts without tax complications. The fund has historically performed well and did not decline as much as other midstream funds during the COVID-19 pandemic. However, the fund's current yield of 7.43% is lower than some other options in the space.
The First Trust Energy Income and Growth Fund offers investors an easy way to add midstream corporations and master limited partnerships to retirement accounts. The FEN closed-end fund provides a reasonably attractive 8.26% yield, although there are other funds with higher yields available. The FEN fund's allocation to utilities and its performance since September make it an attractive option for risk-averse retirees.
The First Trust Energy Income and Growth Fund is a closed-end fund that allows investors to include master limited partnerships in a retirement account without tax consequences. Despite underperforming similar funds from the same fund house, FEN remains popular among analysts and readers on Seeking Alpha. The fund's portfolio consists of common equities of midstream companies and offers an attractive yield of 8.71%, but its disappointing performance raises concerns.
What type of business is First Trust Energy Income and Growth Fund?
First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Energy Income Partners, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating in the energy sector, including companies in the business of transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal or electricity, or exploring, developing, managing or producing such commodities or products, or in supplying energy-related products and services. The fund primarily invests in growth stocks of companies, energy sector MLPs, and MLP-related entities. It employs a combination of fundamental and quantitative analysis, focusing on such factors as debt to cash flows, coverage ratios, incentive structure, management team, track record of distribution, and dividend growth to create its portfolio. The fund benchmarks the performance of its portfolio against the S&P 500 Index, Barclays Capital U.S. Credit Index of Corporate Bonds, Alerian MLP Total Return Index, Wells Fargo Midstream MLP Total Return Index, and composite index comprised of 50% Alerian MLP Total Return Index and 50% Wells Fargo Midstream MLP Total Return Index. It was formerly known as Energy Income & Growth Fund. First Trust Energy Income and Growth Fund was formed on March 25, 2004 and is domiciled in the United States.
What sector is First Trust Energy Income and Growth Fund in?
First Trust Energy Income and Growth Fund is in the Financial Services sector
What industry is First Trust Energy Income and Growth Fund in?
First Trust Energy Income and Growth Fund is in the Asset Management industry
What country is First Trust Energy Income and Growth Fund from?
First Trust Energy Income and Growth Fund is headquartered in United States
When did First Trust Energy Income and Growth Fund go public?
First Trust Energy Income and Growth Fund initial public offering (IPO) was on 25 June 2004
What is First Trust Energy Income and Growth Fund website?
https://www.ftportfolios.com/retail/cef/CEFsummary.aspx?Ticker=FEN
Is First Trust Energy Income and Growth Fund in the S&P 500?
No, First Trust Energy Income and Growth Fund is not included in the S&P 500 index
Is First Trust Energy Income and Growth Fund in the NASDAQ 100?
No, First Trust Energy Income and Growth Fund is not included in the NASDAQ 100 index
Is First Trust Energy Income and Growth Fund in the Dow Jones?
No, First Trust Energy Income and Growth Fund is not included in the Dow Jones index
When does First Trust Energy Income and Growth Fund report earnings?
Next earnings report date is not announced yet