First Trust Energy Income & Growth FundFind Ratings Reports
- Last Ratings Update:01/31/2017
- Price as of 01/31/2017 :$27.16
- Net Assets:$491.82 Million
- Peer Rank:13 of 122
- Investment Rating:C+
We rate First Trust Energy Income and Gro at C+. Positive factors that influence this rating include a 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 below peers over the last three years. The First Trust Energy Income and Gro has returned an annual rate of 10.11% since inception. More recently, the fund has generated a total return of 5.96% in the last five years, 3.11% in the last three years, and 48.95% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 51% of them. It has also outpaced 41% of its competitors on a three year basis and 91% of them over the last year for the period ending 1/31/2017. On a year to date basis, FEN has returned 6.11%.
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 19.8%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 1/31/2017, the fund was trading at a price of $27.16, which is 4.6% below its 52-week high of $28.48 and 3.3% above its 52-week low of $26.30.
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.