NPORT-EX 2 FT33FTEnergyInfraFd.htm
First Trust Energy Infrastructure Fund (FIF)
Portfolio of Investments
August 31, 2020 (Unaudited)
Shares/
Units
  Description   Value
COMMON STOCKS (a) – 85.0%
    Construction & Engineering – 0.5%    
18,200  
Quanta Services, Inc.

  $932,750
    Electric Utilities – 27.2%    
98,900  
Alliant Energy Corp.

  5,355,435
78,900  
American Electric Power Co., Inc.

  6,219,687
8,100  
Duke Energy Corp. (b)

  650,754
32,400  
Emera, Inc. (CAD)

  1,322,728
30,900  
Eversource Energy

  2,648,439
207,000  
Exelon Corp. (b)

  7,640,370
89,300  
FirstEnergy Corp.

  2,553,087
65,900  
Fortis, Inc. (CAD)

  2,635,798
58,100  
IDACORP, Inc.

  5,223,190
22,300  
NextEra Energy, Inc.

  6,225,491
17,100  
Orsted A/S, ADR

  802,058
330,400  
PPL Corp. (b)

  9,128,952
49,200  
Southern (The) Co. (b)

  2,567,256
63,800  
Xcel Energy, Inc.

  4,432,505
        57,405,750
    Gas Utilities – 6.3%    
259,100  
AltaGas Ltd. (CAD)

  3,351,108
38,400  
Atmos Energy Corp.

  3,833,088
8,100  
Chesapeake Utilities Corp.

  662,580
140,700  
New Jersey Resources Corp.

  4,240,698
17,200  
ONE Gas, Inc.

  1,274,864
        13,362,338
    Independent Power & Renewable Electricity Producers – 0.1%    
16,300  
EDP Renovaveis S.A. (EUR)

  278,546
    Multi-Utilities – 20.4%    
85,700  
ATCO Ltd., Class I (CAD)

  2,611,046
52,800  
Canadian Utilities Ltd., Class A (CAD)

  1,325,313
43,100  
CMS Energy Corp. (b)

  2,607,119
40,000  
Dominion Energy, Inc.

  3,137,600
30,900  
DTE Energy Co.

  3,666,903
295,400  
Public Service Enterprise Group, Inc. (b)

  15,431,696
91,500  
Sempra Energy (b)

  11,313,975
30,400  
WEC Energy Group, Inc.

  2,860,032
        42,953,684
    Oil, Gas & Consumable Fuels – 30.1%    
117,800  
Enbridge, Inc. (b)

  3,771,956
160,970  
Equitrans Midstream Corp.

  1,654,772
221,200  
Keyera Corp. (CAD)

  4,039,548
923,075  
Kinder Morgan, Inc. (b)

  12,756,896
43,253  
ONEOK, Inc.

  1,188,592
585,765  
TC Energy Corp. (b)

  27,331,795
617,300  
Williams (The) Cos., Inc. (b)

  12,815,148
        63,558,707
    Water Utilities – 0.4%    
6,100  
American Water Works Co., Inc.

  862,174
   
Total Common Stocks

  179,353,949
    (Cost $190,929,450)    

First Trust Energy Infrastructure Fund (FIF)
Portfolio of Investments (Continued)
August 31, 2020 (Unaudited)
Shares/
Units
  Description   Value
MASTER LIMITED PARTNERSHIPS (a) – 36.9%
    Chemicals – 1.3%    
135,045  
Westlake Chemical Partners, L.P.

  $2,734,661
    Independent Power & Renewable Electricity Producers – 6.8%    
236,458  
NextEra Energy Partners, L.P. (c)

  14,263,147
    Oil, Gas & Consumable Fuels – 28.8%    
23,144  
BP Midstream Partners, L.P.

  272,868
50,043  
Cheniere Energy Partners, L.P.

  1,811,056
100,980  
Energy Transfer, L.P.

  648,291
1,114,900  
Enterprise Products Partners, L.P.

  19,577,644
211,376  
Holly Energy Partners, L.P.

  3,020,563
320,486  
Magellan Midstream Partners, L.P.

  12,181,673
160,800  
Phillips 66 Partners, L.P.

  4,328,736
462,298  
Plains GP Holdings, L.P., Class A (c)

  3,379,398
215,799  
Shell Midstream Partners, L.P.

  2,242,152
440,129  
TC PipeLines, L.P.

  13,366,718
        60,829,099
   
Total Master Limited Partnerships

  77,826,907
    (Cost $90,094,921)    
   
Total Investments – 121.9%

  257,180,856
    (Cost $281,024,371) (d)    
    
Number of Contracts   Description   Notional Amount   Exercise Price   Expiration Date   Value
CALL OPTIONS WRITTEN – (0.3)%
(401)  
CMS Energy Corp.

  $(2,425,649)   $65.00   Sep 2020   (4,010)
(81)  
Duke Energy Corp.

  (650,754)   87.50   Sep 2020   (324)
(600)  
Enbridge, Inc.

  (1,921,200)   35.00   Oct 2020   (15,000)
(350)  
Exelon Corp.

  (1,291,850)   40.00   Oct 2020   (15,750)
(1,720)  
Exelon Corp.

  (6,348,520)   41.00   Oct 2020   (47,300)
(2,500)  
Kinder Morgan. Inc.

  (3,455,000)   15.00   Oct 2020   (57,500)
(2,974)  
PPL Corp.

  (8,217,162)   27.00   Sep 2020   (252,790)
(1,250)  
Public Service Enterprise Group, Inc.

  (6,530,000)   55.00   Sep 2020   (27,500)
(800)  
Sempra Energy

  (9,892,000)   130.00   Sep 2020   (36,000)
(492)  
Southern (The) Co.

  (2,567,256)   57.50   Oct 2020   (10,332)
(2,300)  
TC Energy Corp.

  (10,731,800)   55.00   Nov 2020   (57,500)
(435)  
Williams (The) Cos., Inc.

  (903,060)   22.00   Sep 2020   (6,525)
(3,000)  
Williams (The) Cos., Inc.

  (6,228,000)   22.00   Oct 2020   (120,000)
   
Total Call Options Written

  (650,531)
    (Premiums received $819,410)                
    
 
Outstanding Loans – (23.4)%

 (49,300,000)
 
Net Other Assets and Liabilities – 1.8%

 3,786,049
 
Net Assets – 100.0%

 $211,016,374

Interest Rate Swap Agreements:
Counterparty   Floating Rate (1)   Expiration Date   Notional
Amount
  Fixed Rate (1)   Unrealized
Appreciation
(Depreciation)/
Value
Bank of Nova Scotia   1 month LIBOR   10/08/20   $9,475,000   2.121%   $(30,473)
Bank of Nova Scotia   1 month LIBOR   09/03/24   36,475,000   2.367%   (3,314,165)
            $45,950,000       $(3,344,638)
    

First Trust Energy Infrastructure Fund (FIF)
Portfolio of Investments (Continued)
August 31, 2020 (Unaudited)
(1) The Fund pays the fixed rate and receives the floating rate, however, no cash payments are made by either party prior to the expiration dates shown above. The floating rate on August 31, 2020 was 0.155% and 0.156%, respectively.
    

(a) All of these securities are available to serve as collateral for the outstanding loans.
(b) All or a portion of this security’s position represents cover for outstanding options written.
(c) This security is taxed as a “C” corporation for federal income tax purposes.
(d) Aggregate cost for financial reporting purposes approximates the aggregate cost for federal income tax purposes. As of August 31, 2020, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $12,634,355 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $39,653,629. The net unrealized depreciation was $27,019,274. The amounts presented are inclusive of derivative contracts.
    
ADR American Depositary Receipt
CAD Canadian Dollar
EUR Euro Dollar

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 August 31, 2020 is as follows:
ASSETS TABLE
  Total
Value at
8/31/2020
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Common Stocks*

$179,353,949 $179,353,949 $$
Master Limited Partnerships*

77,826,907 77,826,907
Total Investments

$257,180,856 $257,180,856 $$

 

LIABILITIES TABLE

  Total
Value at
8/31/2020
Level 1
Quoted
Prices
Level 2
Significant
Observable
Inputs
Level 3
Significant
Unobservable
Inputs
Call Options Written

$(650,531) $(603,231) $(47,300) $
Interest Rate Swap Agreements

(3,344,638) (3,344,638)
Total

$(3,995,169) $(603,231) $(3,391,938) $
    
* See Portfolio of Investments for industry breakout.