First Trust New Opportunities MLP & Energy FundFind Ratings Reports
- Last Ratings Update:04/30/2017
- Price as of 04/30/2017 :$13.71
- Net Assets:$307.92 Million
- Peer Rank:50 of 121
- Investment Rating:D-
We rate First Trust New Opptys MLP & Energy at D-. Negative factors that influence this rating include a high expense structure. The fund may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
Total return ranks well below peers over the last three years. The First Trust New Opptys MLP & Energy has returned an annual rate of -3.80% since inception. More recently, the fund has generated a total return of -4.31% in the last three years, 14.89% in the last year, and 10.95% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 17% of them. It has also outpaced 58% of its competitors on a one year basis for the period ending 4/30/2017. On a year to date basis, FPL has returned 9.98%.
Downside risk has been above average. FPL has a draw down risk of -47.64%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 22.9%. This fund has experienced a high level of volatility in its monthly performance over the last 36 months. As of 4/30/2017, the fund was trading at a price of $13.71, which is 1.7% below its 52-week high of $13.95 and 3.2% above its 52-week low of $13.28.
High expense ratio hinders performance. On total assets of $307.92 million, FPL maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 2.65% to cover all operating costs. Brokerage costs for the fund to buy and sell shares are not included in the expense ratio. As FPL is a closed end fund, it has no front end or back end load.