Niel Nielson - First Trust Lead Independent Trustee

Niel Nielson is Fund Manager at First Trust Energy
Dr. Niel B. Nielson, Ph.D. is Independent Trustee of First Trust Energy Income and Growth Fund. He has served as the President of Covenant College since 2002. Mr. Nielson formerly served as a partner and trader for Ritchie Capital Markets Group, where he held an administrative management position at this proprietary derivatives trading company. He also held prior positions in new business development for ServiceMaster Management Services Company, and in personnel and human resources for NationsBank of North Carolina, N.A. and Chicago Research and Trading Group, Ltd. . His international experience includes serving as a director of CRT Europe, Inc. for two years, directing out of London all aspects of business conducted by the U.K. and European subsidiary of CRT. Prior to that, Mr. Nielson was a trader and manager at CRT in Chicago. Mr. Nielson has served as a Trustee of each Fund since its inception and of the First Trust Funds since 1999. Mr. Nielson has also served as Chairman of the Audit Committee, Chairman of the Nominating and Governance Committee and Lead Independent Trustee, and currently serves as Chairman of the Valuation Committee of the First Trust Funds.
Age 65
Tenure 5 years
Phone630-765-8000
Webhttps://www.ftportfolios.com/retail/cef/CEFsummary.aspx?Ticker=FEN

Niel Nielson Latest Insider Activity

Tracking and analyzing the buying and selling activities of Niel Nielson against First Trust fund is an integral part of due diligence when investing in First Trust. Niel Nielson insider activity provides valuable insight into whether First Trust is net buyers or sellers over its current business cycle. Note, First Trust insiders must abide by specific rules, including filing SEC forms every time they buy or sell First Trust'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

First Trust Management Performance (%)

The company has Return on Asset of 0.29 % which means that on every $100 spent on assets, it made $0.29 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 19.36 %, implying that it generated $19.36 on every 100 dollars invested. First Trust's management efficiency ratios could be used to measure how well First Trust manages its routine affairs as well as how well it operates its assets and liabilities.
First Trust Energy has 79.2 M in debt with debt to equity (D/E) ratio of 0.25, which may show that the company is not taking advantage of profits from borrowing. First Trust Energy has a current ratio of 8.02, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist First Trust until it has trouble settling it off, either with new capital or with free cash flow. So, First Trust's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Trust Energy sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Trust's use of debt, we should always consider it together with cash and equity.

Similar Money Managers

Showing other executives

One Year Return

Robert KeithFirst Trust Intermediate
64
Thomas ConnorsMFS Investment Grade
60
Grace FeyJohn Hancock Income
74
George GormanEaton Vance National
69
Jay FifeBlackRock Health Sciences
51
Marianne HarrisonJohn Hancock Income
57
Valerie MosleyEaton Vance Tax
61
Cynthia EganMunivest Fund
66
Howard CFAJohn Hancock Income
N/A
Jay FifeBlackRock Limited Duration
51
Thomas FaustEaton Vance National
63
Christopher BohaneMFS Investment Grade
46
Charles ParkBlackRock Utility Infrastructur
58
Warren ThomsonJohn Hancock Income
64
Thomas FaustEaton Vance Risk
63
Brian LangenfeldMFS Investment Grade
52
Kristi MaherFirst Trust Intermediate
54
Leland HartBlackRock Limited Duration
N/A
James CFABlackRock Limited Duration
49
Richard EricksonFirst Trust Intermediate
69
Lindsay SinclairBlackRock Utility Infrastructur
N/A
First Trust Energy Income and Growth Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. First Trust Energy Income and Growth Fund was formed on March 25, 2004 and is domiciled in the United States. Energy Income operates under Asset Management classification in the United States and is traded on NYSEMKT Exchange. The fund is classified under Carillon Family of Funds family.

Management Performance

First Trust Energy Leadership Team

Elected by the shareholders, the First Trust's board of directors comprises two types of representatives: First Trust inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Trust's management team and ensure that shareholders' interests are well served. First Trust's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Trust's outside directors are responsible for providing unbiased perspectives on the board's policies.
James Bowen, Chairman of the Board of Trustees
Richard Erickson, Lead Independent Trustee
Niel Nielson, Lead Independent Trustee
Robert Keith, Lead Independent Trustee
James Dykas, CFO, Chief Accounting Officer and Treasurer
Kristi Maher, Chief Compliance Officer and Assistant Secretary
Daniel Lindquist, Vice President
Donald Swade, Chief Financial Officer, Chief Accounting Officer, Treasurer
Thomas Kadlec, Lead Independent Trustee
W Jardine, Secretary, Chief Legal Officer

First Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is First Trust a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with First Trust

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trust will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Perrigo Company could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perrigo Company when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Perrigo Company - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Perrigo Company PLC to buy it.
The correlation of Perrigo Company is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perrigo Company moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perrigo Company moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Perrigo Company can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Other Consideration for investing in First Fund

If you are still planning to invest in First Trust Energy check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the First Trust's history and understand the potential risks before investing.
Insider Screener
Find insiders across different sectors to evaluate their impact on performance
Economic Indicators
Top statistical indicators that provide insights into how an economy is performing
Efficient Frontier
Plot and analyze your portfolio and positions against risk-return landscape of the market.