# First Trust New Opportunities MLP & Energy Fund (FPL): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fpl for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: First Trust · Asset class: Equity - Strategy: Passive Index · Inception: 2014-03-27 The First Trust New Opportunities MLP & Energy Fund operates as a closed-end balanced mutual fund, jointly overseen by First Trust Advisors L.P. and Energy Income Partners LLC. This U.S.-domiciled fund, established on October 15, 2013, primarily allocates capital across American public equity and fixed-income markets. Its investment mandate focuses on enterprises within the energy and utilities sectors. Specifically, the portfolio predominantly consists of equity and debt instruments issued by Master Limited Partnerships (MLPs) and associated organizations, complemented by dividend-yielding... ## Key Facts | Metric | Value | |---|---| | Price | $7.76 | | Expense Ratio | — | | Assets Under Management | $182.0M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $5.73 – $7.77 | | Beta | 0.00 | ## Latest Distribution - Amount: $0.0117 /share - Ex-date: 2024-04-01 - Pay date: 2024-04-15 ## Frequently Asked Questions ### What does FPL invest in? The First Trust New Opportunities MLP & Energy Fund operates as a closed-end balanced mutual fund, jointly overseen by First Trust Advisors L.P. and Energy Income Partners LLC. This U.S.-domiciled fund, established on October 15, 2013, primarily allocates capital across American public equity and fixed-income markets. Its investment mandate focuses on enterprises within the energy and utilities sectors. Specifically, the portfolio predominantly consists of equity and debt instruments issued by Master Limited Partnerships (MLPs) and associated organizations, complemented by dividend-yielding growth stocks from other energy and utility corporations. The fund measures its performance against a composite of benchmarks, including the S&P 500 Index, the Alerian MLP Total Return Index, and the Wells Fargo Midstream MLP Total Return Index. ### What is the expense ratio of FPL? An expense ratio for First Trust New Opportunities MLP & Energy Fund (FPL) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is FPL? First Trust New Opportunities MLP & Energy Fund (FPL) manages $182.0M 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 FPL actively managed or an index fund? FPL 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 because there's no security selection cost. ### When was FPL launched? First Trust New Opportunities MLP & Energy Fund (FPL) launched in March 2014 and is managed by First Trust. ### How has FPL performed? FPL'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. ### Does FPL pay a dividend? First Trust New Opportunities MLP & Energy Fund (FPL) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FPL pay dividends? First Trust New Opportunities MLP & Energy Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FPL's dividend yield? FPL's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is FPL's next ex-dividend date? The most recently announced ex-dividend date for FPL was 2024-04-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is FPL's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check monthly) report an expense ratio for First Trust New Opportunities MLP & Energy Fund (FPL). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does FPL charge its expense ratio? The expense ratio is deducted in tiny daily slices from FPL's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fpl - Distribution history: https://www.dividenddata.com/funds/fpl/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fpl/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fpl/expenses - Peer comparison: https://www.dividenddata.com/funds/fpl/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.