First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments
August 31, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS – 66.2% | ||||
Construction & Engineering – 0.6% | ||||
13,700 | Quanta Services, Inc. | $1,935,810 | ||
Electric Utilities – 8.9% | ||||
63,000 | Alliant Energy Corp. (a) (b) | 3,845,520 | ||
61,860 | American Electric Power Co., Inc. (a) | 6,198,372 | ||
24,999 | Constellation Energy Corp. | 2,039,669 | ||
6,000 | Duke Energy Corp. | 641,460 | ||
453,230 | Enel S.p.A., ADR | 2,107,520 | ||
9,800 | Eversource Energy | 878,962 | ||
135,000 | Exelon Corp. | 5,927,850 | ||
11,500 | Iberdrola S.A., ADR | 477,480 | ||
17,800 | IDACORP, Inc. | 1,944,472 | ||
20,085 | NextEra Energy, Inc. | 1,708,430 | ||
8,280 | Orsted A/S, ADR | 270,425 | ||
80 | PPL Corp. | 2,326 | ||
90 | Southern (The) Co. | 6,936 | ||
12,600 | Xcel Energy, Inc. (b) | 935,550 | ||
26,984,972 | ||||
Energy Equipment & Services – 0.6% | ||||
244,000 | Archrock, Inc. | 1,803,160 | ||
Gas Utilities – 9.3% | ||||
409,960 | AltaGas Ltd. (CAD) (b) | 8,840,040 | ||
34,150 | Atmos Energy Corp. (b) | 3,871,927 | ||
118,200 | National Fuel Gas Co. | 8,424,114 | ||
55,120 | New Jersey Resources Corp. (b) | 2,432,997 | ||
34,900 | ONE Gas, Inc. | 2,731,623 | ||
47,460 | UGI Corp. (a) | 1,874,670 | ||
28,175,371 | ||||
Independent Power & Renewable Electricity Producers – 1.1% | ||||
35,340 | AES (The) Corp. (b) | 899,403 | ||
61,100 | Clearway Energy, Inc., Class A | 2,106,728 | ||
13,800 | EDP Renovaveis S.A. (EUR) (c) | 334,680 | ||
3,340,811 | ||||
Multi-Utilities – 7.3% | ||||
105,000 | Atco Ltd., Class I (CAD) | 3,717,592 | ||
106,100 | CenterPoint Energy, Inc. (b) | 3,345,333 | ||
90 | CMS Energy Corp. | 6,079 | ||
25,800 | Dominion Energy, Inc. | 2,110,440 | ||
30,810 | DTE Energy Co. (b) | 4,015,775 | ||
60,070 | Public Service Enterprise Group, Inc. | 3,866,105 | ||
26,600 | Sempra Energy | 4,388,202 | ||
5,840 | WEC Energy Group, Inc. | 602,338 | ||
22,051,864 | ||||
Oil, Gas & Consumable Fuels – 38.0% | ||||
122,200 | BP PLC, ADR | 3,768,648 | ||
28,950 | Cheniere Energy, Inc. | 4,637,211 | ||
348,155 | DT Midstream, Inc. (b) | 19,221,637 | ||
222,596 | Enbridge, Inc. | 9,175,407 | ||
185,000 | EnLink Midstream, LLC | 1,879,600 | ||
246,370 | Keyera Corp. (CAD) (b) | 6,070,380 | ||
680,595 | Kinder Morgan, Inc. (a) (b) | 12,468,500 | ||
167,784 | ONEOK, Inc. (b) | 10,273,414 |
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
August 31, 2022 (Unaudited)
Shares | Description | Value | ||
COMMON STOCKS (Continued) | ||||
Oil, Gas & Consumable Fuels (Continued) | ||||
135,000 | Shell PLC, ADR | $7,152,300 | ||
85,300 | Targa Resources Corp. | 5,820,019 | ||
229,279 | TC Energy Corp. (b) | 11,051,248 | ||
67,500 | TotalEnergies SE, ADR | 3,409,425 | ||
591,752 | Williams (The) Cos., Inc. (b) | 20,137,321 | ||
115,065,110 | ||||
Semiconductors & Semiconductor Equipment – 0.2% | ||||
1,500 | Enphase Energy, Inc. (d) | 429,660 | ||
Water Utilities – 0.2% | ||||
3,500 | American Water Works Co., Inc. | 519,575 | ||
Total Common Stocks | 200,306,333 | |||
(Cost $169,307,362) | ||||
Units | Description | Value | ||
MASTER LIMITED PARTNERSHIPS – 61.3% | ||||
Chemicals – 2.9% | ||||
370,198 | Westlake Chemical Partners, L.P. (b) | 8,888,454 | ||
Energy Equipment & Services – 0.4% | ||||
57,500 | USA Compression Partners, L.P. | 1,038,450 | ||
Gas Utilities – 0.9% | ||||
165,600 | Suburban Propane Partners, L.P. (b) | 2,667,816 | ||
Independent Power & Renewable Electricity Producers – 1.9% | ||||
69,261 | NextEra Energy Partners, L.P. (b) (e) | 5,685,636 | ||
Oil, Gas & Consumable Fuels – 55.2% | ||||
494,807 | Cheniere Energy Partners, L.P. (b) | 25,304,430 | ||
164,800 | DCP Midstream, L.P. (b) | 6,265,696 | ||
2,295,767 | Energy Transfer, L.P. (b) | 26,883,431 | ||
1,290,016 | Enterprise Products Partners, L.P. (b) | 33,953,221 | ||
460,800 | Hess Midstream, L.P., Class A (e) | 13,045,248 | ||
300,286 | Holly Energy Partners, L.P. (b) | 5,333,079 | ||
595,674 | Magellan Midstream Partners, L.P. (b) | 30,754,649 | ||
450,000 | MPLX, L.P. (b) | 14,679,000 | ||
766,321 | Plains All American Pipeline, L.P. (b) | 9,004,272 | ||
65,000 | Western Midstream Partners, L.P. | 1,827,150 | ||
167,050,176 | ||||
Total Master Limited Partnerships | 185,330,532 | |||
(Cost $87,653,043) | ||||
Total Investments – 127.5% | 385,636,865 | |||
(Cost $256,960,405) |
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
CALL OPTIONS WRITTEN – (0.0)% | ||||||||||
(280) | Alliant Energy Corp. | $(1,709,120) | $67.50 | 10/21/22 | (7,000) | |||||
(618) | American Electric Power Co., Inc. | (6,192,360) | 110.00 | 10/21/22 | (27,810) | |||||
(3,800) | Kinder Morgan, Inc. | (6,961,600) | 20.00 | 10/21/22 | (76,000) |
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
August 31, 2022 (Unaudited)
Number of Contracts | Description | Notional Amount | Exercise Price | Expiration Date | Value | |||||
CALL OPTIONS WRITTEN (Continued) | ||||||||||
(474) | UGI Corp. | $(1,872,300) | $45.00 | 10/21/22 | $(7,110) | |||||
Total Call Options Written | (117,920) | |||||||||
(Premiums received $206,936) |
Outstanding Loan – (26.2)% | (79,200,000) | ||
Net Other Assets and Liabilities – (1.3)% | (3,767,927) | ||
Net Assets – 100.0% | $302,551,018 |
(a) | All or a portion of this security’s position represents cover for outstanding options written. |
(b) | All or a portion of this security serves as collateral on the outstanding loan. |
(c) | This security is fair valued by the Advisor’s Pricing Committee in accordance with procedures adopted by the Fund’s Board of Trustees and in accordance with provisions of the Investment Company Act of 1940, as amended. At August 31, 2022, the security noted as such is valued at $334,680 or 0.1% of net assets. The security is fair valued using a factor provided by a third-party pricing service due to the change in value between the foreign markets’ close and the New York Stock Exchange close exceeding a certain threshold. On days when this threshold is not exceeded, the security is typically valued at the last sale price on the exchange on which it is principally traded. |
(d) | Non-income producing security. |
(e) | This security is taxed as a “C” corporation for federal income tax purposes. |
ADR | American Depositary Receipt |
CAD | Canadian Dollar |
EUR | Euro |
Valuation Inputs
The Fund is subject to fair value accounting standards that define fair value, establish the framework for measuring fair value and provide a three-level hierarchy for fair valuation based upon the inputs to the valuation as of the measurement date. The three levels of the fair value hierarchy are as follows:
• | Level 1 – Level 1 inputs are quoted prices in active markets for identical investments. |
• | Level 2 – Level 2 inputs are observable inputs, either directly or indirectly. (Quoted prices for similar investments, valuations based on interest rates and yield curves, or valuations derived from observable market data.) |
• | Level 3 – Level 3 inputs are unobservable inputs that may reflect the reporting entity’s own assumptions about the assumptions that market participants would use in pricing the investment. |
The inputs or methodologies used for valuing investments are not necessarily an indication of the risk associated with investing in those investments.
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
August 31, 2022 (Unaudited)
A summary of the inputs used to value the Fund’s investments as of August 31, 2022 is as follows:
ASSETS TABLE | ||||
Total Value at 8/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Common Stocks: | ||||
Independent Power & Renewable Electricity Producers | $ 3,340,811 | $ 3,006,131 | $ 334,680 | $ — |
Other industry categories* | 196,965,522 | 196,965,522 | — | — |
Master Limited Partnerships* | 185,330,532 | 185,330,532 | — | — |
Total Investments | $ 385,636,865 | $ 385,302,185 | $ 334,680 | $— |
LIABILITIES TABLE | ||||
Total Value at 8/31/2022 | Level 1 Quoted Prices | Level 2 Significant Observable Inputs | Level 3 Significant Unobservable Inputs | |
Call Options Written | $ (117,920) | $ (110,920) | $ (7,000) | $ — |
* | See Portfolio of Investments for industry breakout. |