NPORT-EX 2 FT18FTEnergyIncomeGrthFd.htm
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments
February 28, 2021 (Unaudited)
Shares/
Units
  Description   Value
COMMON STOCKS – 68.2%
    Construction & Engineering – 0.3%    
9,000  
Quanta Services, Inc.

  $754,650
    Electric Utilities – 14.3%    
88,200  
Alliant Energy Corp. (a)

  4,071,312
18,500  
American Electric Power Co., Inc.

  1,384,725
21,000  
Duke Energy Corp. (b)

  1,797,390
39,000  
Emera, Inc. (CAD)

  1,536,587
68,300  
Enel S.p.A., ADR

  642,020
17,600  
Eversource Energy

  1,398,848
135,000  
Exelon Corp. (b)

  5,211,000
35,100  
Fortis, Inc. (CAD) (a)

  1,351,485
12,500  
Iberdrola S.A., ADR

  628,581
36,800  
IDACORP, Inc.

  3,173,632
9,600  
NextEra Energy, Inc.

  705,408
6,000  
Orsted A/S, ADR

  323,640
276,100  
PPL Corp. (b)

  7,231,059
75,900  
Southern (The) Co. (b)

  4,305,048
22,000  
Xcel Energy, Inc. (a)

  1,288,980
        35,049,715
    Gas Utilities – 10.0%    
636,900  
AltaGas Ltd. (CAD) (a)

  9,654,095
64,350  
Atmos Energy Corp. (a)

  5,444,654
121,100  
New Jersey Resources Corp. (a)

  4,758,019
45,900  
ONE Gas, Inc.

  3,073,923
40,000  
UGI Corp.

  1,532,400
        24,463,091
    Independent Power & Renewable Electricity Producers – 0.3%    
38,800  
EDP Renovaveis S.A. (EUR)

  847,336
    Multi-Utilities – 17.6%    
266,600  
CenterPoint Energy, Inc. (a)

  5,182,704
35,000  
CMS Energy Corp. (b)

  1,893,850
70,600  
Dominion Energy, Inc.

  4,823,392
11,300  
DTE Energy Co. (a)

  1,330,236
270,600  
Public Service Enterprise Group, Inc. (b)

  14,566,398
131,300  
Sempra Energy (b)

  15,228,174
        43,024,754
    Oil, Gas & Consumable Fuels – 25.4%    
25,000  
Cheniere Energy, Inc. (c)

  1,684,750
288,896  
Enbridge, Inc. (a) (b)

  9,767,574
208,340  
Equitrans Midstream Corp. (a)

  1,506,298
65,000  
GasLog Ltd.

  382,850
210,060  
Keyera Corp. (CAD) (a)

  4,072,120
594,655  
Kinder Morgan, Inc. (a)

  8,741,429
234,784  
ONEOK, Inc. (a)

  10,398,583
216,632  
TC Energy Corp. (a) (b)

  9,083,380
722,841  
Williams (The) Cos., Inc. (a)

  16,509,688
        62,146,672

First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
February 28, 2021 (Unaudited)
Shares/
Units
  Description   Value
COMMON STOCKS (Continued)
    Water Utilities – 0.3%    
5,500  
American Water Works Co., Inc.

  $780,340
   
Total Common Stocks

  167,066,558
    (Cost $153,191,912)    
MASTER LIMITED PARTNERSHIPS – 60.3%
    Chemicals – 3.6%    
378,198  
Westlake Chemical Partners, L.P. (a)

  8,891,435
    Gas Utilities – 1.0%    
165,600  
Suburban Propane Partners, L.P. (a)

  2,477,376
    Independent Power & Renewable Electricity Producers – 2.6%    
88,261  
NextEra Energy Partners, L.P. (d)

  6,411,279
    Oil, Gas & Consumable Fuels – 53.1%    
406,874  
BP Midstream Partners, L.P. (a)

  4,642,432
333,200  
Cheniere Energy Partners, L.P. (a)

  13,244,700
45,767  
Energy Transfer, L.P. (a)

  349,660
1,472,406  
Enterprise Products Partners, L.P. (a)

  31,391,696
15,000  
Hess Midstream L.P. (d)

  314,550
412,412  
Holly Energy Partners, L.P. (a)

  7,105,859
798,454  
Magellan Midstream Partners, L.P. (a)

  33,271,578
1,072,601  
Plains All American Pipeline, L.P. (a)

  9,052,752
574,588  
Shell Midstream Partners, L.P. (a)

  6,291,739
826,868  
TC PipeLines, L.P. (a)

  24,078,396
25,000  
Teekay LNG Partners, L.P. (d)

  337,750
        130,081,112
   
Total Master Limited Partnerships

  147,861,202
    (Cost $79,696,681)    
   
Total Investments – 128.5%

  314,927,760
    (Cost $232,888,593) (e)    
    
Number of Contracts   Description   Notional Amount   Exercise Price   Expiration Date   Value
CALL OPTIONS WRITTEN – (0.0)%
(350)  
CMS Energy Corp.

  $(1,893,850)   $65.00   Mar 2021   (1,750)
(210)  
Duke Energy Corp.

  (1,797,390)   92.50   Apr 2021   (14,280)
(735)  
Enbridge, Inc.

  (2,485,035)   37.50   Mar 2021   (3,675)
(1,350)  
Exelon Corp.

  (5,211,000)   45.00   Apr 2021   (13,500)
(1,061)  
PPL Corp.

  (2,778,759)   30.00   Mar 2021   (3,183)
(1,300)  
Public Service Enterprise Group, Inc.

  (6,997,900)   60.00   Mar 2021   (15,600)
(1,313)  
Sempra Energy

  (15,228,174)   130.00   Mar 2021   (26,260)
(759)  
Southern (The) Co.

  (4,305,048)   62.50   Mar 2021   (7,590)
(1,116)  
TC Energy Corp.

  (4,679,388)   45.00   Mar 2021   (27,900)
   
Total Call Options Written

  (113,738)
    (Premiums received $731,656)                
    
 
Outstanding Loan – (28.8)%

 (70,700,000)
 
Net Other Assets and Liabilities – 0.3%

 965,956
 
Net Assets – 100.0%

 $245,079,978
    

First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
February 28, 2021 (Unaudited)

(a) All or a portion of this security serves as collateral on the outstanding loan.
(b) All or a portion of this security’s position represents cover for outstanding options written.
(c) Non-income producing security.
(d) This security is taxed as a “C” corporation for federal income tax purposes.
(e) Aggregate cost for federal income tax purposes was $214,019,917. As of February 28, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $108,058,121 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $7,264,016. The net unrealized appreciation was $100,794,105. The unrealized amounts presented are inclusive of derivative contracts.
    
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.
A summary of the inputs used to value the Fund’s investments as of February 28, 2021 is as follows:
ASSETS TABLE
  Total
Value at
2/28/2021
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Common Stocks*

$167,066,558 $167,066,558 $$
Master Limited Partnerships*

147,861,202 147,861,202
Total Investments

$314,927,760 $314,927,760 $$

 

LIABILITIES TABLE

  Total
Value at
2/28/2021
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Call Options Written

$(113,738) $(113,738) $$
    
* See Portfolio of Investments for industry breakout.