First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) 3-Year Book Growth Rate : 15.20% (As of Oct. 2023)

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What is First Trust New Opportunities MLP & Energy Fund 3-Year Book Growth Rate?

First Trust New Opportunities MLP & Energy Fund's Book Value per Share for the quarter that ended in Oct. 2023 was $7.24.

During the past 12 months, First Trust New Opportunities MLP & Energy Fund's average Book Value per Share Growth Rate was 1.80% per year. During the past 3 years, the average Book Value per Share Growth Rate was 15.20% per year. During the past 5 years, the average Book Value per Share Growth Rate was -5.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 7 years, the highest 3-Year average Book Value per Share Growth Rate of First Trust New Opportunities MLP & Energy Fund was 15.20% per year. The lowest was -26.60% per year. And the median was -10.40% per year.

Competitive Comparison of First Trust New Opportunities MLP & Energy Fund's 3-Year Book Growth Rate

For the Asset Management subindustry, First Trust New Opportunities MLP & Energy Fund's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Trust New Opportunities MLP & Energy Fund's 3-Year Book Growth Rate Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust New Opportunities MLP & Energy Fund's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where First Trust New Opportunities MLP & Energy Fund's 3-Year Book Growth Rate falls into.

First Trust New Opportunities MLP & Energy Fund 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.

First Trust New Opportunities MLP & Energy Fund 3-Year Book Growth Rate Related Terms

Thank you for viewing the detailed overview of First Trust New Opportunities MLP & Energy Fund's 3-Year Book Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.

First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) » Definitions » 3-Year Book Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Westport Road, Suite C101a, Wilton, CT, USA, 06897

Website

http://www.ftportfolios.com

First Trust New Opportunities MLP & Energy Fund is a non-diversified, closed-end management investment company. Its investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders. The fund invests in equity and debt securities of MLPs, MLP-related entities and other energy utility companies.

Executives

Bronwyn Wright	director	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
M Keefe Denise	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Kelly Catherine Dehler	other: Officer - Investment Advisor	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Scott Michael Friske	other: Officer - Investment Advisor	FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James Murchie	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
John K Tysseland	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVE., WESTPORT CT 06880
Nandita Hogan	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Niel B Nielson	director	400 BIRMINGHAM HIGHWAY, CHATTANOOGA TN 37419
Eva Pao	other: Officer-Investment Sub-Advisor	ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
Robert F Keith	director	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Thomas R Kadlec	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Richard E Erickson	director	C/O FIRST TRUST ADVISORS LP, 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
First Trust Portfolios Lp	other: Affiliate-Investment Advisor	12O EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
James M Dykas	officer: Treasurer	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Daniel J Lindquist	officer: Vice President	C/O FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187