First Trust Energy Income and Growth Fund

Frequently Asked Questions About FEN

What does FEN invest in?

The First Trust Energy Income and Growth Fund, a closed-ended equity mutual fund domiciled in the United States, was established on March 25, 2004. Formerly known as Energy Income & Growth Fund, it is launched and overseen by First Trust Advisors L.P., with Energy Income Partners, LLC serving as co-manager. The fund aims to invest in the public equity markets across the United States, specifically targeting companies within the energy sector. This encompasses businesses involved in the transportation, processing, storage, distribution, or marketing of commodities such as natural gas, natural gas liquids (including propane), crude oil, refined petroleum products, coal, or electricity. It also seeks out firms that explore, develop, manage, or produce these resources, or supply related energy products and services. The portfolio primarily consists of growth-oriented stocks, master limited partnerships (MLPs) in the energy sector, and other MLP-affiliated entities. Investment decisions are guided by a blend of fundamental and quantitative analysis, emphasizing metrics like debt-to-cash flow, coverage ratios, incentive frameworks, management expertise, and a history of distribution and dividend increases. For performance comparison, the fund uses multiple benchmarks: the S&P 500 Index, the Barclays Capital U.S. Credit Index of Corporate Bonds, the Alerian MLP Total Return Index, the Wells Fargo Midstream MLP Total Return Index, and a composite index comprising 50% Alerian MLP Total Return Index and 50% Wells Fargo Midstream MLP Total Return Index.

What is the expense ratio of FEN?

First Trust Energy Income and Growth Fund (FEN) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FEN?

First Trust Energy Income and Growth Fund (FEN) manages $311.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FEN actively managed or an index fund?

FEN is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FEN's is 0.00%) because there's no security selection cost.

When was FEN launched?

First Trust Energy Income and Growth Fund (FEN) launched in June 2004 and is managed by First Trust.

How has FEN performed?

FEN's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.