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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
2.56% -9.49% 53.02M 75661.50
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (All)
13.02% 7.00% -8.716M Upgrade

Basic Info

Investment Strategy
The Funds primary investment objective is to seek a high level of current income. The Fund seeks attractive total return as a secondary objective. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies. Under normal market conditions, the Fund will concentrate its investments in securities of companies within industries in the financial sector.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Financial
Category Index S&P 1500 Financials TR
Prospectus Objective Specialty - Financial
Fund Owner Firm Name First Trust Advisors L.P.
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Daniel Winter 13.62 yrs
David Miyazaki 13.62 yrs
Mark Keller 13.62 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: 38
-8.716M
-914.63M Category Low
1.739B 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
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Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
--
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of January 22, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
8.56%
-21.37%
41.75%
-4.15%
-5.01%
27.82%
-41.60%
7.05%
4.94%
-0.87%
7.51%
22.40%
-8.71%
27.67%
15.90%
2.49%
8.30%
-10.25%
20.48%
12.04%
-8.68%
20.70%
-15.44%
5.20%
2.79%
7.58%
37.41%
0.75%
-16.46%
22.84%
-10.78%
10.64%
5.27%
25.24%
36.48%
13.09%
-25.66%
38.88%
-8.57%
8.63%
7.69%
0.13%
32.51%
6.69%
-8.43%
22.10%
-8.89%
6.70%
As of January 22, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-22-21) 13.02%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
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 August 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 August 31, 2020

Asset Allocation

As of August 31, 2020.
Type % Net % Long % Short
Cash 8.14% Upgrade Upgrade
Stock 91.86% 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
Hercules Capital Inc 8.20% 15.28 0.07%
New Mountain Finance Corp 7.87% 11.70 -1.35%
Ares Capital Corp 7.68% 17.50 -0.57%
Solar Capital Ltd 6.88% 17.85 -1.00%
Golub Capital BDC Inc Class B 6.88% 14.77 -0.54%
BlackRock TCP Capital Corp 6.83% 11.89 -0.75%
TriplePoint Venture Growth BDC Corp 5.61% 13.69 1.03%
Barings BDC Inc 5.57% 9.14 -0.65%
Stellus Capital Investment Corp 4.90% 11.24 -1.49%
Pennant Park Investment Corp 4.83% 5.16 -0.96%

Basic Info

Investment Strategy
The Funds primary investment objective is to seek a high level of current income. The Fund seeks attractive total return as a secondary objective. Under normal market conditions, the Fund will seek to achieve its investment objectives by investing at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies. Under normal market conditions, the Fund will concentrate its investments in securities of companies within industries in the financial sector.
General
Security Type Closed-End Fund
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Financial
Category Index S&P 1500 Financials TR
Prospectus Objective Specialty - Financial
Fund Owner Firm Name First Trust Advisors L.P.
Broad Asset Class Benchmark Index
^MSWNTR 100.0%
Manager Tenure
Daniel Winter 13.62 yrs
David Miyazaki 13.62 yrs
Mark Keller 13.62 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-22-21) 13.02%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio --
Weighted Average Price to Sales Ratio --
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 August 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 August 31, 2020

Fund Details

Key Dates
Inception Date 5/25/2007
Last Annual Report Date 11/30/2019
Last Prospectus Date 3/25/2007
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