First Trust Energy Income and Growth Fund (NYSEAMERICAN:FEN) is a closed-end management investment company that seeks total return through a combination of high current income and capital appreciation. The fund primarily invests in equity securities of energy companies, including oil and gas producers, midstream energy infrastructure firms, and master limited partnerships (MLPs). In addition to traditional equities, the fund may allocate to energy-related real estate investment trusts (REITs), preferred stocks, and other income-producing investments within the energy sector.
Since its December 2004 inception, FEN has pursued a diversified approach, blending U.S.-based holdings with select international energy issuers to capture global opportunities in oil, natural gas, and alternative energy markets. The fund’s strategy includes both growth-oriented and dividend-yielding securities, allowing it to adapt to changing market conditions by overweighting segments poised for capital appreciation or income generation.
Portfolio management is provided by a dedicated team of energy sector specialists at First Trust Advisors L.P., with oversight from an independent board of trustees. The team conducts fundamental research, monitors commodity price trends, and evaluates the impact of regulatory developments on energy companies to inform portfolio construction. Risk management tools such as sector limit guidelines and credit quality assessments help maintain a balanced exposure across drilling, production, infrastructure, and service subsectors.
Headquartered in Wheaton, Illinois, First Trust Advisors leverages its broader network of investment professionals and research analysts to support FEN’s objectives. The fund’s disciplined income-focused approach aims to deliver a sustainable yield profile, while its selective capital appreciation opportunities seek to enhance long-term performance for income-oriented investors seeking exposure to the energy complex.
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