Price Chart

Key Stats

Customize
Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
2.10% -12.28% 348.32M 409686.7
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
0.02% 97.00% 2.443M Upgrade

Basic Info

Investment Strategy
The Fund seeks a high level of total return with an emphasis on current distributions though investing in MLPs in the energy sector. Under normal market conditions, the Fund will invest at least 85% of its Managed Assets in equity and debt securities of MLPs. The Fund may invest up to 20% of its Assets in unregistered or restricted securities. The Fund may invest up to 30% of its Assets in non-U.S. securities and may hedge the currency risk using derivative instruments. The Fund currently expects to write (or sell) covered call options on up to 35% of its Assets.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Energy Limited Partnership
Category Index Morningstar MLP Composite TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name First Trust Advisors L.P.
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Eva Pao 8.10 yrs
James Murchie 8.10 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 18
2.443M
-1.178B Category Low
202.21M Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of January 31, 2018

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
--
--
--
--
--
--
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of January 19, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2014
2015
2016
2017
2018
2019
2020
YTD
14.94%
-33.84%
34.68%
6.11%
-31.15%
35.43%
-44.83%
12.84%
4.94%
-0.87%
7.51%
22.40%
-8.71%
27.67%
15.90%
1.62%
2.78%
-37.70%
14.98%
-0.20%
-25.55%
21.63%
-62.00%
19.73%
20.43%
-32.18%
27.32%
9.23%
-22.00%
34.08%
-44.15%
16.26%
-3.43%
-31.68%
20.85%
3.23%
-24.75%
1.94%
-70.29%
18.01%
7.45%
-40.75%
13.17%
7.85%
-24.79%
19.97%
-66.71%
21.33%
As of January 19, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-20-21) 0.02%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 11.73
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 31, 2020

Asset Allocation

As of October 31, 2020.
Type % Net % Long % Short
Cash 2.98% Upgrade Upgrade
Stock 97.02% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Magellan Midstream Partners LP 9.96% 46.28 0.94%
Enterprise Products Partners LP 9.80% 23.05 -1.03%
TC Pipelines LP 8.18% 30.94 -0.58%
TC Energy Corp 6.40% 55.92 -1.15%
Public Service Enterprise Group Inc 5.10% 59.29 1.91%
Williams Companies Inc 4.90% 22.42 -0.13%
Sempra Energy 4.72% 122.83 1.11%
Cheniere Energy Partners LP 3.14% 38.50 -1.28%
PPL Corp 2.67% 27.96 -0.64%
Westlake Chemical Partners LP 2.41% 21.70 0.18%

Basic Info

Investment Strategy
The Fund seeks a high level of total return with an emphasis on current distributions though investing in MLPs in the energy sector. Under normal market conditions, the Fund will invest at least 85% of its Managed Assets in equity and debt securities of MLPs. The Fund may invest up to 20% of its Assets in unregistered or restricted securities. The Fund may invest up to 30% of its Assets in non-U.S. securities and may hedge the currency risk using derivative instruments. The Fund currently expects to write (or sell) covered call options on up to 35% of its Assets.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Energy Limited Partnership
Category Index Morningstar MLP Composite TR USD
Prospectus Objective Growth and Income
Fund Owner Firm Name First Trust Advisors L.P.
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Eva Pao 8.10 yrs
James Murchie 8.10 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-20-21) 0.02%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 11.73
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of October 31, 2020

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of October 31, 2020

Fund Details

Key Dates
Inception Date 11/28/2012
Last Annual Report Date 10/31/2020
Last Prospectus Date 12/31/2012
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No