First Trust New Opportunities MLP & Energy Fund of Beneficial InterestFind Ratings Reports
- Last Ratings Update:03/31/2018
- Price as of 03/31/2018 :$9.82
- Net Assets:$300.92 Million
- Peer Rank:100 of 121
- Investment Rating:E
We rate First Trust New Opptys MLP & Energy at E. 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 -8.53% since inception. More recently, the fund has generated a total return of -8.22% in the last three years, -19.44% in the last year, and -17.75% in the last six months. How does that compare to other equity funds? In the last three years, it has outperformed 8% of them. It has also outpaced 5% of its competitors on a one year basis for the period ending 3/31/2018. On a year to date basis, FPL has returned -15.65%.
Downside risk has been above average. FPL has a draw down risk of -44.64%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 25.9%. This fund has experienced excessive volatility in its monthly performance over the last 36 months. As of 3/31/2018, the fund was trading at a price of $9.82, which is 16.6% below its 52-week high of $11.78 and 2.2% above its 52-week low of $9.61.
High expense ratio hinders performance. On total assets of $300.92 million, FPL maintains a high expense ratio compared to its Sector - Energy/Natural Res peers of 2.70% 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.