NYSE: FEI

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• First Trust MLP and Energy Income Fund (NYSE: FEI)
• Yield: 7.78%
• Shares for $15,000: 1,529
• Total monthly dividend income: ~$97.25

Similar to its sister fund, the above-mentioned  First Trust Infrastructure Energy Fund, the First Trust MLP and Energy Income Fund is also a mutual fund focused on the energy sector. However, the First Trust MLP and Energy Income Fund differs from the Infrastructure Energy Fund  in two (2) aspects. First, it is a balanced fund, so it invests in both equities as well as fixed-income securities. Second, its focus is on the midstream industry, so its investments are mostly Master Limited Partnerships (MLP), which are involved with pipeline and inland storage and transportation of oil and refined petroleum products. The fund’s $543 million AUM warchest was 49% invested in its top 10 largest positions as of Q4 of 2023. The top three largest issuers’s stock being held in the portfolio were: Enterprise Products Partners LP (NYSE: EPD) – 8.89%, Energy Transfer LP (NYSE: ET) – 7.39%, and MPLX LP Partnership Units (NYSE: MPLX) – 5.18%.