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First Trust Specialty Finance & Financial Opportunities Fund  as of 06/15/2021

NYSE / FGB Asset Class:  Sector Equity Funds 1 YR Lipper Avg:  37.62%

Growth of $10K

Avg Annual Total Return %
  10 YR 5 YR 1 YR YTD
Market Return 5.05% 4.42% 33.10% 42.69%
Lipper Pct. Rank 60 86 84 6
NAV Return 4.53% 3.88% 63.75% 26.99%
Lipper Pct. Rank 75 93 14 9
Premium/Discount History

Premium/Discount
10 YR Avg 5 YR Avg YTD Avg
-0.267% 1.448% -7.520%

NAV $4.34 Market Price $4.27
Net Change -$0.05 Market Change -$0.06
Premium/Discount -1.61%
1 YR NAV Return 63.752%
1 YR NAV Rank 14
12-Mo Yield as of 4/30/2021 Yield Def
Income Only Yield 8.87%
Distribution Yield (Market) 7.84%
Most Recent Income Dividend $0.083
Ex-Div Date 5/21/2021
Most Recent Cap Gain Dividend --
Ex-Div Date --
Dividend Frequency Quarterly
YTD Dividends $0.083
YTD Capital Gains --
Inception Date 5/24/2007
Fund Advisor First Trust Advisors LP
Manager & Tenure Team Managed
Phone 800-621-1675
Website www.ftportfolios.com
Total Net Assets (mil) as of 5/31/2021 $61.3
% Leveraged Assets as of 11/30/2020 17.67%
Portfolio Turnover 20.00%
Mgmt Fees 1.262%
Expense Ratio 2.350%
Fund Objective
The Fund seeks an attractive total return. Under normal market conditions, the Fund invests at least 80% of its Managed Assets in a portfolio of securities of specialty finance and other financial companies that the Funds Sub-Advisor believes offer attractive opportunities for income and capital appreciation.
Top Holdings (as of 2/28/2021)
Hercules Capital Inc ORD 10.06%
New Mountain Finance Corp ORD 8.47%
Ares Capital Corp ORD 8.30%
BlackRock TCP Capital Corp ORD 7.76%
Main Street Capital Corp ORD 7.31%
SLR Investment Corp ORD 6.86%
Golub Capital BDC Inc ORD 6.73%
Pennantpark Investment Corp ORD 6.69%
Triplepoint Venture Growth BDC Corp ORD 6.13%
Stellus Capital Investment Corp ORD 6.03%
Top Sectors (as of 2/28/2021)
Financials 108.05%
Non Classified Equity 4.56%

Closed-End Funds Mid-year Review 

Axel Merk and Peter Maletis of Merk Investments discuss their outlook and insights on Gold, Precious Metals and Mining for investors concerned about inflation or seeking diversification.

LISTEN TO THE PODCAST BELOW:



The views and opinions expressed in the replay are for informational and educational purposes only as of the date of production/writing and may change without notice at any time based on factors such as market conditions or legal and regulatory developments. This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, estimates of market returns, and proposed or expected portfolio composition. Past performance is no guarantee of future results. Investing involves risk; principal loss is possible. This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy, sell or hold a security or an investment strategy, and is not provided in a fiduciary capacity. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Closed-end funds frequently trade at a discount to their net asset value (NAV).

Featuring:

Moderator:
Dennis Emanuel
Director ETF & CEF Strategy

Dave Lamb
Managing Director in the Global Products Group

Jonathan Isaac 
Director of Product Management

 

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