- Last Ratings Update:06/30/2014
- Price as of 06/30/2014 :$36.15
- Net Assets:$743.6 Million
- Peer Rank:20 of 117
- Investment Rating:B
We rate First Trust Energy Income and Gro at B. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. Positive factors that influence this rating include a well above average total return, low price volatility and low 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 very high in comparison with peers over the last three years. The First Trust Energy Income and Gro has returned an annual rate of 13.46% since inception. More recently, the fund has generated a total return of 21.65% in the last five years, 13.34% in the last three years, and 14.60% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 81% of them. It has also outpaced 75% of its competitors on a three year basis and 46% of them over the last year for the period ending 6/30/2014. On a year to date basis, FEN has returned 14.43%.
Downside risk has been below average. FEN has a draw down risk of -12.92%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 13.9%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 6/30/2014, the fund was trading at a price of $36.15, which is 0.8% below its 52-week high of $36.45 and 3.1% above its 52-week low of $35.06.
High expense ratio hinders performance. On total assets of $743.60 million, FEN maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 1.41% 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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