- Last Ratings Update:01/31/2015
- Price as of 01/31/2015 :$35.15
- Net Assets:$637.31 Million
- Peer Rank:5 of 118
- 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 greater than above average total return and low price volatility. 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 above peers over the last three years. The First Trust Energy Income and Gro has returned an annual rate of 13.02% since inception. More recently, the fund has generated a total return of 17.40% in the last five years, 12.26% in the last three years, and 17.98% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 88% of them. It has also outpaced 70% of its competitors on a three year basis and 78% of them over the last year for the period ending 1/31/2015. On a year to date basis, FEN has returned -2.18%.
Downside risk has been below average. FEN has a draw down risk of -10.49%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 12.5%. This fund has had moderate volatility in its monthly performance over the last 36 months. As of 1/31/2015, the fund was trading at a price of $35.15, which is 4.8% below its 52-week high of $36.92 and 6.3% above its 52-week low of $33.06.
High expense ratio hinders performance. On total assets of $637.31 million, FEN maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 1.85% 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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