First Trust New Opportunities MLP & EnergyFind Ratings Reports
- Last Ratings Update:08/31/2016
- Price as of 08/31/2016 :$13.09
- Net Assets:$295.79 Million
- Peer Rank:17 of 123
- Investment Rating:C-
We rate First Trust New Opptys MLP & Energy at C-. Positive factors that influence this rating include a low price volatility. The fund may be considered for investors seeking a Sector - Energy/Natural Res strategy.
POSITIVES AND RISKS
New Fund off to good start in the last year. The First Trust New Opptys MLP & Energy has returned an annual rate of -9.07% since inception. More recently, the fund has generated a total return of 2.95% in the last year, 17.73% in the last six months, and 2.40% in the last three months. How does that compare to other equity funds? In the last year, it has outperformed 23% of them for the period ending 8/31/2016. On a year to date basis, FPL has returned 32.21%.
Downside risk has been above average. FPL has a draw down risk of -47.64%, which is the largest price decline experienced since the inception of the fund. This fund has a one year standard deviation of 36.6%. This fund has experienced excessive volatility in its monthly performance over the last 12 months. As of 8/31/2016, the fund was trading at a price of $13.09, which is 6.1% below its 52-week high of $13.94 and 0.3% above its 52-week low of $13.05.
High expense ratio hinders performance. On total assets of $295.79 million, FPL maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 2.79% 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.