- What are the top holdings of FEN?
- A machine-readable holdings disclosure for First Trust Energy Income and Growth Fund (FEN) is not available from our data sources — fund families sometimes register portfolio filings under a sibling share class or outside the SEC's structured datasets. Rather than estimate, we leave the section blank; the issuer's website carries the authoritative portfolio list.
- What sectors does FEN invest in?
- First Trust Energy Income and Growth Fund (FEN) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is FEN most exposed to?
- FEN's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is FEN a US-only fund?
- The country allocation card on this page shows FEN's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- 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.
