First Trust New Opportunities MLP & Energy Fund (FPL)
Portfolio of Investments
July 31, 2021 (Unaudited)
Shares | Description | Value | |||
COMMON STOCKS - 74.0% | |||||
Construction & Engineering - 0.4% | |||||
7,400 | Quanta Services, Inc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ | 672,660 | |||
Electric Utilities - 14.4% | |||||
34,400 | Alliant Energy Corp. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,013,432 | |||
17,070 | American Electric Power Co., Inc. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,504,208 | |||
11,600 | Duke Energy Corp. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,219,276 | |||
4,300 | Emera, Inc. (CAD) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 200,559 | |||
116,150 | Enel S.p.A., ADR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,063,934 | |||
9,200 | Eversource Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 793,684 | |||
70,800 | Exelon Corp. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,313,440 | |||
4,400 | Fortis, Inc. (CAD) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 199,545 | |||
22,200 | Iberdrola S.A., ADR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,068,264 | |||
18,700 | IDACORP, Inc. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,971,915 | |||
13,370 | NextEra Energy, Inc. (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,041,523 | |||
8,990 | Orsted A/S, ADR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 446,623 | |||
132,620 | PPL Corp. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,762,429 | |||
46,280 | Southern (The) Co. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,955,904 | |||
14,800 | Xcel Energy, Inc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,010,100 | |||
22,564,836 | |||||
Gas Utilities - 12.2% | |||||
385,820 | AltaGas Ltd. (CAD) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8,167,286 | |||
32,800 | Atmos Energy Corp. (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,233,752 | |||
45,570 | New Jersey Resources Corp. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,755,356 | |||
24,200 | ONE Gas, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,785,476 | |||
90,240 | UGI Corp. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,150,138 | |||
19,092,008 | |||||
Independent Power & Renewable Electricity Producers - 1.3% | |||||
42,600 | AES (The) Corp. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,009,620 | |||
20,890 | Clearway Energy, Inc., Class A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 562,986 | |||
20,400 | EDP Renovaveis S.A. (EUR) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 479,150 | |||
2,051,756 | |||||
Multi-Utilities - 17.5% | |||||
10,430 | Black Hills Corp. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 705,590 | |||
204,270 | CenterPoint Energy, Inc. (a) (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,200,714 | |||
22,450 | CMS Energy Corp. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,387,185 | |||
36,800 | Dominion Energy, Inc. (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,755,216 | |||
17,880 | DTE Energy Co. (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,097,682 | |||
121,770 | Public Service Enterprise Group, Inc. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 7,577,747 | |||
56,850 | Sempra Energy (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 7,427,452 | |||
3,130 | WEC Energy Group, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 294,658 | |||
27,446,244 | |||||
Oil, Gas & Consumable Fuels - 27.8% | |||||
24,910 | Cheniere Energy, Inc. (c). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,115,606 | |||
26,440 | DT Midstream, Inc. (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,121,056 | |||
97,085 | Enbridge, Inc. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,820,295 | |||
113,893 | Equitrans Midstream Corp. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 936,200 | |||
108,264 | Keyera Corp. (CAD) (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,898,379 | |||
273,798 | Kinder Morgan, Inc. (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,758,609 | |||
70,006 | ONEOK, Inc. (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,638,212 | |||
278,809 | TC Energy Corp. (a) (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 13,586,363 | |||
432,277 | Williams (The) Cos., Inc. (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 10,828,539 | |||
43,703,259 |
First Trust New Opportunities MLP & Energy Fund (FPL)
Portfolio of Investments (Continued)
July 31, 2021 (Unaudited)
Shares | Description | Value | ||||||||||||||||
COMMON STOCKS (Continued) | ||||||||||||||||||
Semiconductors & Semiconductor Equipment - 0.1% | ||||||||||||||||||
1,100 | Enphase Energy, Inc. (c) . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . | . . . . . . . . . . . . . . . | . | . . . | . . . . . . . . . . . . . | .$. . . . . . . . . . . . . . . | 208,560 | ||||||||||
Water Utilities - 0.3% | ||||||||||||||||||
3,200 | American Water Works Co., Inc. . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 544,352 | |||||||||||||
. .Total Common Stocks . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 116,283,675 | ||||||||||||||
Shares/ | (Cost $102,277,702) | |||||||||||||||||
Units | Description | Value | ||||||||||||||||
MASTER LIMITED PARTNERSHIPS - 49.0% | ||||||||||||||||||
Chemicals - 3.4% | ||||||||||||||||||
197,848 | Westlake Chemical Partners, L.P. (a) . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,286,499 | |||||||||||||
Gas Utilities - 0.9% | ||||||||||||||||||
88,500 | Suburban Propane Partners, L.P. (a) . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,431,930 | |||||||||||||
Independent Power & Renewable Electricity Producers - 2.3% | ||||||||||||||||||
46,319 | NextEra Energy Partners, L.P. (a) (d) . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,591,112 | |||||||||||||
Oil, Gas & Consumable Fuels - 42.4% | ||||||||||||||||||
213,141 | BP Midstream Partners, L.P. (a) . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,943,477 | |||||||||||||
192,070 | Cheniere Energy Partners, L.P. (a) . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 8,118,799 | |||||||||||||
552,960 | Energy Transfer, L.P. (b) . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . | . | . . . | . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . | 5,452,186 | |||||||||||
740,564 | Enterprise Products Partners, L.P. (a). . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 16,714,530 | |||||||||||||
51,330 | Hess Midstream, L.P., Class A (a) (d) . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,328,420 | |||||||||||||
220,232 | Holly Energy Partners, L.P. (a). . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,536,779 | |||||||||||||
366,819 | Magellan Midstream Partners, L.P. . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 17,093,765 | |||||||||||||
502,120 | Plains All American Pipeline, L.P. (b). . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,026,221 | |||||||||||||
314,480 | Shell Midstream Partners, L.P. (a). . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 4,355,548 | |||||||||||||
79,920 | Teekay LNG Partners, L.P. (d) . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 1,158,041 | |||||||||||||
66,727,766 | ||||||||||||||||||
. . . . . . . .Total Master Limited Partnerships | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 77,037,307 | ||||||||||||||
(Cost $62,449,192) | ||||||||||||||||||
Total Investments - 123.0% . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 193,320,982 | ||||||||||||||
Number of | (Cost $164,726,894) (e) | Notional | Exercise | Expiration | ||||||||||||||
Contracts | Description | Amount | Price | Date | Value | |||||||||||||
CALL OPTIONS WRITTEN - (0.1)% | ||||||||||||||||||
(700) | CenterPoint Energy, Inc. . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . $ | (1,782,200) | $ | 27.00 | Aug 2021 | (17,500) | |||||||||||
(5,529) | Energy Transfer, L.P. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (5,451,594) | 11.00 | Aug 2021 | (33,174) | |||||||||||||
(133) | NextEra Energy, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (1,036,070) | 77.50 | Aug 2021 | (19,950) | |||||||||||||
(5,021) | Plains All American Pipeline, L.P. (f). . . . . . . . . . . . . . . . | (5,026,021) | 12.00 | Aug 2021 | (20,084) | |||||||||||||
(568) | Sempra Energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (7,420,920) | 140.00 | Aug 2021 | (9,088) | |||||||||||||
(2,338) | TC Energy Corp. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (11,393,074) | 50.00 | Aug 2021 | (60,788) | |||||||||||||
Total Call Options Written . . . . . . . . . . . . . . | ||||||||||||||||||
. . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (160,584) | |||||||||||||||
(Premiums received $623,354) | ||||||||||||||||||
Outstanding Loan - (24.4)% . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | (38,400,000) | ||||||||||||||
Net Other Assets and Liabilities - 1.5% . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 2,404,952 | ||||||||||||||
. .Net Assets - 100.0% . . . . . . . . . . . . . . . . . . . . . | . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . | . . . . . . . . . . . . . | .$. . . . . . . . . . . . . . . | 157,165,350 | |||||||||||||
(a) All or a portion of this security serves as collateral on the outstanding loan.
First Trust New Opportunities MLP & Energy Fund (FPL)
Portfolio of Investments (Continued)
July 31, 2021 (Unaudited)
- All or a portion of this security's position represents cover for outstanding options written.
- Non-incomeproducing security.
- This security is taxed as a "C" corporation for federal income tax purposes.
- Aggregate cost for federal income tax purposes was $145,434,509. As of July 31, 2021, the aggregate gross unrealized appreciation for all investments in which there was an excess of value over tax cost was $49,410,774 and the aggregate gross unrealized depreciation for all investments in which there was an excess of tax cost over value was $1,684,885. The net unrealized appreciation was $47,725,889. The unrealized amounts presented are inclusive of derivative contracts.
- This investment 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 the provisions of the Investment Company Act of 1940, as amended. At July 31, 2021, investments noted as such are valued at $(20,084) or (0.0)% of net assets.
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 July 31, 2021 is as follows:
ASSETS TABLE | ||||||||
Level 2 | Level 3 | |||||||
Total | Level 1 | Significant | Significant | |||||
Value at | Quoted | Observable | Unobservable | |||||
7/31/2021 | Prices | Inputs | Inputs | |||||
Common Stocks* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . $ 116,283,675 | $ | 116,283,675 | $ | - | $ - | ||
Master Limited Partnerships* . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . | 77,037,307 | 77,037,307 | - | - | |||
Total Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . $ 193,320,982 | $ | 193,320,982 | $ | - | $ - | ||
LIABILITIES TABLE | ||||||||
Level 2 | Level 3 | |||||||
Total | Level 1 | Significant | Significant | |||||
Value at | Quoted | Observable | Unobservable | |||||
7/31/2021 | Prices | Inputs | Inputs | |||||
Call Options Written . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | . . . . $ | (160,584) | $ | (140,500) | $ (20,084) | $ - | ||
* See Portfolio of Investments for industry breakout.
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First Trust New Opportunities MLP & Energy Fund published this content on 08 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 September 2021 20:01:08 UTC.