First Trust Energy Infrastructure Fund

Frequently Asked Questions About FIF

What does FIF invest in?

The First Trust Energy Infrastructure Fund operates as a closed-end equity mutual fund, managed principally by First Trust Advisors L.P., with co-management responsibilities held by Energy Income Partners LLC. Its investment strategy focuses on publicly traded companies within the United States. Specifically, the fund aims to allocate capital to businesses integral to the energy infrastructure sector. This includes traditional entities such as pipeline operators and utility companies, as well as other firms that generate at least half of their revenue from either operating or providing services to support essential infrastructure assets. These assets comprise pipelines, power transmission networks, and facilities for storing petroleum and natural gas across the petroleum, natural gas, and power generation industries. A significant portion of its holdings consists of publicly traded Master Limited Partnerships (MLPs) and their affiliated entities. To evaluate its performance, the fund utilizes three primary benchmarks: the Philadelphia Stock Exchange Utility Index, the Alerian MLP Total Return Index, and a blended index composed equally (50/50) of these two. This U.S.-domiciled fund was established on February 22, 2011.

What is the expense ratio of FIF?

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

How big is FIF?

First Trust Energy Infrastructure Fund (FIF) manages $283.6M 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 FIF actively managed or an index fund?

FIF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FIF launched?

First Trust Energy Infrastructure Fund (FIF) launched in September 2011 and is managed by First Trust.

How has FIF performed?

FIF'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.