- Last Ratings Update:12/31/2015
- Price as of 12/31/2015 :$23.00
- Net Assets:$737.13 Million
- Peer Rank:24 of 123
- Investment Rating:D
We rate First Trust Energy Income and Gro at D. Negative factors that influence this rating include a high expense structure. The fund invests approximately 100% of its assets in stocks and may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks below peers over the last three years. The First Trust Energy Income and Gro has returned an annual rate of 8.40% since inception. More recently, the fund has generated a total return of 3.67% in the last five years, -3.85% in the last three years, and -33.06% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 41% of them. It has also outpaced 27% of its competitors on a three year basis and 6% of them over the last year for the period ending 12/31/2015. On a year to date basis, FEN has returned -33.06%.
Downside risk has been above average. FEN has a draw down risk of -39.68%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 18.6%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 12/31/2015, the fund was trading at a price of $23.00, which is 2.5% below its 52-week high of $23.58 and 23.9% above its 52-week low of $18.56.
High expense ratio hinders performance. On total assets of $737.14 million, FEN maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 2.04% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FEN is a closed end fund, it has no front end or back end load.
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