First Trust New Opportunities MLP & Energy Fund (First Trust New Opportunities MLP & Energy Fund) GF Score : 38/100 (As of Jun. 05, 2024)

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What is First Trust New Opportunities MLP & Energy Fund GF Score?

First Trust New Opportunities MLP & Energy Fund has the GF Score of 38, which implies that the company might have Worst future performance potential, or not enough data.

The GF Score is a stock performance ranking system developed by GuruFocus using five aspects of valuation, which has been found to be closely correlated to the long-term performances of stocks by backtesting from 2006 to 2021. The stocks with a higher GF Score generally generate higher returns than those with lower GF Scores. Therefore, when picking stocks, investors should invest in companies with high GF Scores. The GF Score ranges from 0 to 100, with 100 as the highest rank.

GF Score takes following five key aspects into consideration:

1. Financial Strength : 3/10
2. Profitability Rank : 2/10
3. Growth Rank : 0/10
4. GF Value Rank : 0/10
5. Momentum Rank : 9/10

Each one of these components is ranked and the ranks also have positive correlation with the long term performances of stocks. The GF score is calculated using the five key aspects of analysis. Through backtesting, we know that each of these key aspects has a different impact on the stock price performance. Thus, they are weighted differently when calculating the total score. The Profitability Rank and the Growth Rank are weighted fully, while other parameters have less weight.

Based on research and backtesting result, GuruFocus believes First Trust New Opportunities MLP & Energy Fund might have Worst future performance potential, or not enough data.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of First Trust New Opportunities MLP & Energy Fund's GF Score

For the Asset Management subindustry, First Trust New Opportunities MLP & Energy Fund's GF Score, along with its competitors' market caps and GF Score 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 GF Score Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Trust New Opportunities MLP & Energy Fund's GF Score distribution charts can be found below:

* The bar in red indicates where First Trust New Opportunities MLP & Energy Fund's GF Score falls into.

First Trust New Opportunities MLP & Energy Fund (NYSE:FPL) GF Score Explanation

Based on the historical long-term performances among five valuation aspects, the GF Score is found to be closely correlated to the long-term performances of stocks. It ranges from 0 to 100, with 100 as the highest. GuruFocus divided GF Score into following 5 categories:

GF Score	Performance Potential and All-in-One Screener Examples ⁽¹⁾
91 - 100	Highest outperformance potential
81 - 90	Good outperformance potential
71 - 80	Likely to have average performance
51 - 70	Poor future performance potential
0 - 50	Worst future performance potential, or not enough data

(1) These are some simple examples. You can access our GF Score filter under All-in-One Screener’s Fundamental tab.

First Trust New Opportunities MLP & Energy Fund GF Score Related Terms

Thank you for viewing the detailed overview of First Trust New Opportunities MLP & Energy Fund's GF Score 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 » GF Score

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