First Trust Energy Infrastructure Fund
FIF
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- James M. Dykas
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 120 East Liberty Drive Wheaton IL United States of America 60187
- IPO Date
- Sep 28, 2011
- CIK
- 0001513789
- Website
- ftportfolios.com
- Similar Companies
- Business
- First Trust Energy Infrastructure Fund (NYSE: FIF) is a closed-end management investment company that seeks a high level of total return with an emphasis on current distributions paid to common shareholders by investing primarily in securities of companies engaged in the energy infrastructure sector. The Fund pursues its investment objective through a non-diversified portfolio that includes equity securities and derivatives such as call options of midstream energy infrastructure companies, including pipeline companies, natural gas and propane distributors, utilities, and other energy sector operators; key holdings encompass Enterprise Products Partners L.P., Energy Transfer LP, Plains GP Holdings L.P., Kinder Morgan Inc., and DT Midstream Inc., with additional exposure to integrated oil majors like Exxon Mobil Corp. and Chevron Corp., as well as electric utilities such as American Electric Power Co. and Ameren Corp. It benchmarks performance against indices including the S&P Global 1200 Energy Index, PHLX Utility Sector Index, Alerian MLP Total Return Index, S&P 500 Index, and a blended 50/50 index of the PHLX Utility Sector Index and Alerian MLP Total Return Index. The Fund was launched on September 27, 2011, and is managed by First Trust Advisors L.P., based in Wheaton, Illinois, with co-management historically provided by Energy Income Partners, LLC. It operates principally in U.S. public equity markets but holds securities of non-U.S. issuers, subjecting it to currency and geopolitical risks, and targets investors seeking tax-efficient income from energy infrastructure assets across diversified market capitalizations. In a major strategic reorganization completed on May 6, 2024, FIF merged into FT Energy Income Partners Enhanced Income ETF (NYSE Arca: EIPI) in a tax-free transaction, whereby a wholly-owned subsidiary of EIPI acquired all assets and liabilities of FIF and three peer closed-end funds—First Trust Energy Income and Growth Fund (FEN), First Trust MLP and Energy Income Fund (FEI), and First Trust New Opportunities MLP & Energy Fund (FPL)—with FIF shares converting on a 1:1 basis based on closing net asset values from May 3, 2024. This merger shifted the combined entity from a leveraged closed-end fund structure to an unleveraged ETF format, assuming FIF's performance history as the predecessor while introducing differences in investment policies, practices, and tax treatment, including potential C Corporation earnings distributions and MLP true-up adjustments. Post-merger, the entity continues under First Trust Advisors L.P. oversight, with assets under management reflecting the consolidated portfolios as of recent SEC filings totaling approximately $342 million for FIF's prior holdings.