First Trust New Opportunities MLP & Energy Fund

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FPL : NYSE : Financial
$13.22 up 0.14 | 1.1%
Today's Range: 13.14 - 13.2201
Avg. Daily Volume: 108400.0
03/28/17 - 11:12 AM ET
  • Last Ratings Update:02/28/2017
  • Price as of 02/28/2017 :$13.83
  • Net Assets:$307.92 Million
  • NAV:$13.62
  • Premium1.54%
  •   
  • Peer Rank:8 of 122
  • Investment Rating:C+
  • Performance:A+
  • RiskC
FPL Price Chart

SUMMARY


We rate First Trust New Opptys MLP & Energy at C+. This overall rating indicates it is among the top 10% of all closed end funds in its peer group. 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 -4.24% since inception. More recently, the fund has generated a total return of 28.31% in the last year, 8.97% in the last six months, and 10.44% in the last three months. How does that compare to other equity funds? In the last year, it has outperformed 82% of them for the period ending 2/28/2017. On a year to date basis, FPL has returned 8.46%.

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 19.9%. This fund has experienced a high level of volatility in its monthly performance over the last 12 months. As of 2/28/2017, the fund was trading at a price of $13.83, which is 2.8% below its 52-week high of $14.23 and 3.9% above its 52-week low of $13.31.

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.


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