First Trust New Opportunities MLP & Energy Fund (FPL)
7.69
+0.05
(+0.65%)
USD |
NYSE |
Apr 23, 10:28
Price Chart
Key Stats
| Net Expense Ratio | Discount or Premium to NAV | Total Assets Under Management | 30-Day Average Daily Volume |
|---|---|---|---|
| 2.70% | -1.80% | 182.42M | 57257.90 |
| Dividend Yield | Turnover Ratio | 1 Year Fund Level Flows | Max Drawdown (Since Inception) |
| 0.94% | 33.00% | 7.558M | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund is to seek a high level of total return and will seek to provide its Common Shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in MLPs and MLP-related entities in the energy sector and energy utilities industries that are weighted towards non-cyclical, fee-for-service revenues.Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities 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 |
| Global Category Name | Energy Sector Equity |
| YCharts Categorization | Energy Equity |
| YCharts Benchmark | S&P 1500 Energy (Sector) Total Return (^SP15NRGSTR) |
| Prospectus Objective | Income |
| 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 | 10.02 yrs |
| James Murchie | 10.02 yrs |
| John Tysseland | 2.31 yrs |
Performance Versus Category
As of April 22, 2024. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of April 22, 2024.
Basic Info
| Investment Strategy | |
| The Fund is to seek a high level of total return and will seek to provide its Common Shareholders with a vehicle to invest in a portfolio of cash-generating securities, with a focus on investing in MLPs and MLP-related entities in the energy sector and energy utilities industries that are weighted towards non-cyclical, fee-for-service revenues.Under normal market conditions, the Fund invests at least 85% of its managed assets in equity and debt securities of MLPs, MLP-related entities and other energy sector and energy utilities 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 |
| Global Category Name | Energy Sector Equity |
| YCharts Categorization | Energy Equity |
| YCharts Benchmark | S&P 1500 Energy (Sector) Total Return (^SP15NRGSTR) |
| Prospectus Objective | Income |
| 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 | 10.02 yrs |
| James Murchie | 10.02 yrs |
| John Tysseland | 2.31 yrs |