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Key Stats

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Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
3.93% 3.62% 285.13M 59608.00
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
0% 91.00% 54.29M Upgrade

Basic Info

Investment Strategy
The Funds investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund will focus on investing in publicly traded master limited partnerships (MLP) and related public entities in the energy sector. Under normal market conditions, the fund will invest at least 85% of its managed assets in securities of energy companies, and energy sector MLPs and MLP related entities. The fund may invest in unregistered or otherwise restricted securities consisting of MLP common units, MLP subordinated units and securities of public and private energy companies.
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 Specialty - Natural Resources
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
Alerian MLP TR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Eva Pao 14.72 yrs
James Murchie 14.72 yrs
John Tysseland 0.50 yrs

Net Fund Flows Versus Category

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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: 15
54.29M
-396.29M Category Low
505.27M 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, 2012

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)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of June 27, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
-32.18%
27.32%
9.23%
-22.00%
34.08%
-45.73%
41.13%
14.32%
-0.87%
7.51%
22.40%
-8.71%
27.67%
15.90%
21.82%
-18.12%
-31.68%
20.85%
3.23%
-24.75%
1.94%
-70.29%
46.83%
11.20%
-32.63%
20.80%
0.73%
-22.86%
2.36%
-80.09%
56.83%
8.40%
-40.75%
13.17%
7.85%
-24.79%
19.97%
-66.71%
72.88%
11.09%
-57.54%
41.85%
-5.64%
-23.98%
18.25%
-37.15%
31.66%
9.04%
As of June 27, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (6-28-22) 0%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 15.20
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 February 28, 2022

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 February 28, 2022

Asset Allocation

As of February 28, 2022.
Type % Net % Long % Short
Cash 1.54% Upgrade Upgrade
Stock 98.46% 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
Enterprise Products Partners LP 8.79% 24.75 2.53%
Magellan Midstream Partners LP 7.60% 48.52 2.00%
Cheniere Energy Partners LP 6.24% 46.55 3.17%
Energy Transfer LP 5.76% 10.35 2.07%
TC Energy Corp 5.66% 68.95 0.98%
Williams Companies Inc 4.89% 31.75 3.79%
DT Midstream Inc Ordinary Shares 3.27% 50.43 2.52%
Hess Midstream LP Class A 3.20% 29.36 2.19%
MPLX LP Partnership Units 3.18% 29.44 1.52%
Plains All American Pipeline LP 3.02% 10.06 -0.69%

Basic Info

Investment Strategy
The Funds investment objective is to seek a high level of after-tax total return with an emphasis on current distributions paid to shareholders. The Fund will focus on investing in publicly traded master limited partnerships (MLP) and related public entities in the energy sector. Under normal market conditions, the fund will invest at least 85% of its managed assets in securities of energy companies, and energy sector MLPs and MLP related entities. The fund may invest in unregistered or otherwise restricted securities consisting of MLP common units, MLP subordinated units and securities of public and private energy companies.
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 Specialty - Natural Resources
Fund Owner Firm Name First Trust Advisors L.P.
Prospectus Benchmark Index
Alerian MLP TR USD 100.0%
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Eva Pao 14.72 yrs
James Murchie 14.72 yrs
John Tysseland 0.50 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (6-28-22) 0%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 15.20
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 February 28, 2022

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 February 28, 2022

Fund Details

Key Dates
Inception Date 6/24/2004
Last Annual Report Date 11/30/2020
Last Prospectus Date 12/31/2013
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

Top Portfolio Holders

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