Key stats
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. This includes entities engaged in the exploration, production, transportation, and distribution of energy sources like natural gas, crude oil, and renewable energy. The funds adviser aims to capitalize on the sectors dynamic nature, highlighting the influence of technological advancements and government policies on investment opportunities. 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 factors such as 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. Lastly, investments may include MLPs and MLP affiliates. EIPI launched through the conversion of four closed-end funds being consolidated. As a result, $1 billion in assets were brought into the ETF launch.