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 |
| Phone | 630-765-8000 |
| Web | https://www.ftportfolios.com/retail/cef/CEFsummary.aspx?Ticker=FEN |
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.
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| Robert Keith | First Trust Intermediate | 64 | |
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Management Performance
| Return On Equity | 19.36 | |||
| Return On Asset | 0.29 |
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.
| Return On Equity | 19.36 | |||
| Return On Asset | 0.29 | |||
| Profit Margin | 989.03 % | |||
| Operating Margin | 30.76 % | |||
| Current Valuation | 363.26 M | |||
| Shares Outstanding | 19.45 M | |||
| Shares Owned By Insiders | 23.67 % | |||
| Shares Owned By Institutions | 35.83 % | |||
| Number Of Shares Shorted | 157.72 K | |||
| Price To Earning | 4.91 X |
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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
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.
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