NPORT-EX 2 FT18FT103181.htm
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments
August 31, 2023 (Unaudited)
Units   Description   Value
MASTER LIMITED PARTNERSHIPS – 66.1%
    Chemicals – 3.1%    
406,698  
Westlake Chemical Partners, L.P. (a)
  $9,349,987
    Energy Equipment & Services – 0.4%    
57,500  
USA Compression Partners, L.P.
  1,220,150
    Gas Utilities – 0.8%    
165,600  
Suburban Propane Partners, L.P. (a)
  2,404,512
    Independent Power & Renewable Electricity Producers – 1.7%    
101,161  
NextEra Energy Partners, L.P. (b) (c)
  5,045,911
    Oil, Gas & Consumable Fuels – 60.1%    
454,807  
Cheniere Energy Partners, L.P. (a)
  23,604,483
2,295,767  
Energy Transfer, L.P. (a)
  30,923,981
30,000  
EnLink Midstream, LLC (a) (b)
  373,200
1,360,016  
Enterprise Products Partners, L.P. (a)
  36,190,026
515,800  
Hess Midstream, L.P., Class A (a) (b)
  14,906,620
139,386  
Holly Energy Partners, L.P. (a)
  2,968,922
541,174  
Magellan Midstream Partners, L.P. (a)
  35,944,777
450,000  
MPLX, L.P. (a)
  15,700,500
1,224,321  
Plains All American Pipeline, L.P. (a) (c)
  18,670,895
73,475  
TXO Partners, L.P.
  1,562,079
65,000  
Western Midstream Partners, L.P. (c)
  1,734,850
        182,580,333
   
Total Master Limited Partnerships
  200,600,893
    (Cost $87,489,993)    
Shares   Description   Value
COMMON STOCKS – 63.1%
    Electric Utilities – 9.5%    
73,000  
Alliant Energy Corp. (c)
  3,662,410
66,960  
American Electric Power Co., Inc. (c)
  5,249,664
99  
Constellation Energy Corp.
  10,312
9,500  
Duke Energy Corp.
  843,600
10,000  
Emera, Inc. (CAD)
  374,852
453,230  
Enel S.p.A., ADR (a)
  3,020,778
10,000  
Entergy Corp.
  952,500
43,300  
Eversource Energy
  2,763,406
135,000  
Exelon Corp. (c)
  5,416,200
11,500  
Iberdrola S.A., ADR
  545,445
17,800  
IDACORP, Inc.
  1,705,952
20,085  
NextEra Energy, Inc.
  1,341,678
11,280  
Orsted A/S, ADR
  240,602
72,980  
PPL Corp.
  1,818,661
390  
Southern (The) Co.
  26,415
12,600  
Xcel Energy, Inc. (c)
  719,838
        28,692,313
    Energy Equipment & Services – 1.0%    
244,000  
Archrock, Inc. (a)
  3,120,760
    Gas Utilities – 7.2%    
103,960  
AltaGas Ltd. (CAD) (a)
  2,032,729
34,150  
Atmos Energy Corp. (a)
  3,959,693
190,700  
National Fuel Gas Co. (a)
  10,248,218
55,120  
New Jersey Resources Corp. (a)
  2,324,410
37,900  
ONE Gas, Inc. (a)
  2,746,613
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
August 31, 2023 (Unaudited)
Shares   Description   Value
COMMON STOCKS (Continued)
    Gas Utilities (Continued)    
25,460  
UGI Corp.
  $641,083
        21,952,746
    Independent Power & Renewable Electricity Producers – 1.0%    
75,340  
AES (The) Corp.
  1,350,846
61,100  
Clearway Energy, Inc., Class A
  1,432,184
13,800  
EDP Renovaveis S.A. (EUR)
  252,967
        3,035,997
    Multi-Utilities – 8.9%    
105,000  
Atco Ltd., Class I (CAD) (a)
  2,898,535
14,100  
CenterPoint Energy, Inc. (a)
  393,249
31,690  
CMS Energy Corp.
  1,780,661
30,810  
DTE Energy Co. (a)
  3,185,138
103,370  
Public Service Enterprise Group, Inc.
  6,313,839
153,600  
Sempra
  10,785,792
20,840  
WEC Energy Group, Inc. (c)
  1,753,061
        27,110,275
    Oil, Gas & Consumable Fuels – 34.5%    
150,000  
BP PLC, ADR (c)
  5,577,000
28,950  
Cheniere Energy, Inc. (c)
  4,724,640
228,155  
DT Midstream, Inc. (a)
  11,930,225
222,596  
Enbridge, Inc.
  7,808,668
246,370  
Keyera Corp. (CAD) (a)
  6,086,316
680,595  
Kinder Morgan, Inc. (a) (c)
  11,719,846
167,784  
ONEOK, Inc. (c)
  10,939,517
110,000  
Shell PLC, ADR (c)
  6,829,900
85,300  
Targa Resources Corp. (c)
  7,357,125
149,279  
TC Energy Corp.
  5,391,957
95,500  
TotalEnergies SE, ADR
  6,007,905
590,852  
Williams (The) Cos., Inc. (c)
  20,402,120
        104,775,219
    Professional Services – 0.7%    
16,000  
Jacobs Solutions, Inc. (c)
  2,157,120
    Semiconductors & Semiconductor Equipment – 0.1%    
2,500  
Enphase Energy, Inc. (d)
  316,325
    Water Utilities – 0.2%    
3,500  
American Water Works Co., Inc.
  485,590
   
Total Common Stocks
  191,646,345
    (Cost $174,078,703)    
MONEY MARKET FUNDS – 4.5%
13,670,976  
Morgan Stanley Institutional Liquidity Funds - Treasury Portfolio - Institutional Class - 5.21% (e)
  13,670,976
    (Cost $13,670,976)    
   
Total Investments – 133.7%
  405,918,214
    (Cost $275,239,672)    
    
Number of Contracts   Description   Notional Amount   Exercise Price   Expiration Date   Value
CALL OPTIONS WRITTEN – (0.2)%
(730)  
Alliant Energy Corp. (f) (g)
  $(3,662,410)   $57.50   09/15/23   0
(669)  
American Electric Power Co., Inc.
  (5,244,960)   82.50   10/20/23   (49,506)
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
August 31, 2023 (Unaudited)
Number of Contracts   Description   Notional Amount   Exercise Price   Expiration Date   Value
CALL OPTIONS WRITTEN (Continued)
(1,500)  
BP PLC, ADR
  $(5,577,000)   $37.50   09/15/23   $(64,500)
(289)  
Cheniere Energy, Inc.
  (4,716,480)   175.00   09/15/23   (9,248)
(1,350)  
Exelon Corp.
  (5,416,200)   42.00   10/20/23   (47,250)
(160)  
Jacobs Solutions, Inc.
  (2,157,120)   140.00   10/20/23   (21,120)
(3,715)  
Kinder Morgan, Inc.
  (6,397,230)   18.00   10/20/23   (59,440)
(842)  
NextEra Energy Partners, L.P.
  (4,199,896)   60.00   09/15/23   (2,526)
(1,677)  
ONEOK, Inc.
  (10,934,040)   70.00   09/15/23   (11,739)
(6,491)  
Plains All American Pipeline, L.P.
  (9,898,775)   16.00   10/20/23   (129,820)
(1,100)  
Shell PLC, ADR
  (6,829,900)   63.00   09/15/23   (50,600)
(853)  
Targa Resources Corp.
  (7,357,125)   87.50   09/15/23   (99,801)
(208)  
WEC Energy Group, Inc.
  (1,749,696)   90.00   10/20/23   (9,880)
(140)  
Western Midstream Partners, L.P. (f) (g)
  (373,660)   30.00   09/15/23   (140)
(510)  
Western Midstream Partners, L.P.
  (1,361,190)   29.00   10/20/23   (10,200)
(3,000)  
Williams (The) Cos., Inc.
  (10,359,000)   36.00   10/20/23   (81,000)
(126)  
Xcel Energy, Inc.
  (719,838)   60.00   10/20/23   (6,426)
   
Total Call Options Written
  (653,196)
    (Premiums received $1,068,077)                
    
Outstanding Loan – (25.4)%
(77,200,000)
 
Net Other Assets and Liabilities – (8.1)%
(24,471,549)
 
Net Assets – 100.0%
$303,593,469
    
(a) All or a portion of this security serves as collateral on the outstanding loan.
(b) This security is taxed as a “C” corporation for federal income tax purposes.
(c) All or a portion of this security’s position represents cover for outstanding options written.
(d) Non-income producing security.
(e) Rate shown reflects yield as of August 31, 2023.
(f) This investment is fair valued by the Advisor’s Pricing Committee in accordance with procedures approved by the Fund’s Board of Trustees, and in accordance with the provisions of the Investment Company Act of 1940 and rules thereunder, as amended. At August 31, 2023, investments noted as such are valued at $(140) or (0.0)% of net assets.
(g) This investment’s value was determined using significant unobservable inputs (see Valuation Inputs section).
    
Abbreviations throughout the Portfolio of Investments:
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.
First Trust Energy Income and Growth Fund (FEN)
Portfolio of Investments (Continued)
August 31, 2023 (Unaudited)
A summary of the inputs used to value the Fund’s investments as of August 31, 2023 is as follows:
ASSETS TABLE
  Total
Value at
8/31/2023 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Master Limited Partnerships*
$ 200,600,893 $ 200,600,893 $ — $ —
Common Stocks*
 191,646,345  191,646,345  —  —
Money Market Funds
 13,670,976  13,670,976  —  —
Total Investments
$ 405,918,214 $ 405,918,214 $— $—
 
LIABILITIES TABLE
  Total
Value at
8/31/2023 		Level 1
Quoted
Prices 		Level 2
Significant
Observable
Inputs 		Level 3
Significant
Unobservable
Inputs
Call Options Written
$ (653,196) $ (632,976) $ (20,080) $ (140)
    
* See Portfolio of Investments for industry breakout.
Level 3 investments are fair valued by the Advisor’s Pricing Committee and are footnoted in the Portfolio of Investments. All Level 3 values are based on unobservable inputs.