First Trust New Opportunities MLP & Energy FundFind Ratings Reports
- Last Ratings Update:02/28/2017
- Price as of 02/28/2017 :$13.83
- Net Assets:$307.92 Million
- Peer Rank:8 of 122
- Investment Rating:C+
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.