First Trust Energy Income & Growth FundFind Ratings Reports
- Last Ratings Update:10/31/2016
- Price as of 10/31/2016 :$25.24
- Net Assets:$491.82 Million
- Peer Rank:27 of 119
- 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 9.48% since inception. More recently, the fund has generated a total return of 6.32% in the last five years, -0.94% in the last three years, and 2.79% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 46% of them. It has also outpaced 28% of its competitors on a three year basis and 38% of them over the last year for the period ending 10/31/2016. On a year to date basis, FEN has returned 21.07%.
Downside risk has been above average. FEN has a draw down risk of -45.32%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 19.5%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 10/31/2016, the fund was trading at a price of $25.24, which is 7.4% below its 52-week high of $27.25 and 0.8% above its 52-week low of $25.03.
High expense ratio hinders performance. On total assets of $491.82 million, FEN maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 2.21% 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.