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About First Trust Exchange-Traded Fund VIII FT Energy Income Partners Enhanced Income ETF
Expense ratio
1.10%
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Inception date
May 6, 2024
EIPI aims to provide a balanced mix of income and growth for shareholders by focusing on pure-play companies within the global energy sector. It includes firms engaged in the exploration, production, transportation, and distribution of energy sources like natural gas, crude oil, and renewable energy. The fund may also hold MLPs and MLP affiliates. The adviser aims to capitalize on the sectors dynamic nature, focusing on the influence of technological advancements and government policies. Stocks are chosen based on yield, growth potential, and valuation, including stable cash flows, sustainable dividend payout ratios, increasing per-share earnings, and positive changes in value resulting from business restructuring or government policies. To boost income, the fund utilizes single stock covered call writing, along with naked call writing on energy indexes and ETFs. EIPI launched with $1 billion in assets through the conversion of four closed-end funds that were consolidated.
Classification
What's in the fund
Exposure type
Industrial Services
Utilities
Energy Minerals
Stock breakdown by region
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