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First Trust MLP and Energyome Fund (First Trust MLP and Energyome Fund) Scaled Net Operating Assets : 1.00 (As of Oct. 2023)


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What is First Trust MLP and Energyome Fund Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Trust MLP and Energyome Fund's operating assets for the quarter that ended in Oct. 2023 was $516.69 Mil. First Trust MLP and Energyome Fund's operating liabilities for the quarter that ended in Oct. 2023 was $8.16 Mil. First Trust MLP and Energyome Fund's Total Assets for the quarter that ended in Apr. 2023 was $509.03 Mil. Therefore, First Trust MLP and Energyome Fund's scaled net operating assets (SNOA) for the quarter that ended in Oct. 2023 was 1.00.

First Trust MLP and Energyome Fund Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Trust MLP and Energyome Fund's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Oct. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Oct. 2023 )
=(Operating Assets (A: Oct. 2023 )-Operating Liabilities (A: Oct. 2023 ))/Total Assets (A: Oct. 2022 )
=(516.687-8.157)/524.276
=0.97

where

Operating Assets(A: Oct. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=516.687 - 0
=516.687

Operating Liabilities(A: Oct. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=102.657 - 94.5 - 0
=8.157

First Trust MLP and Energyome Fund's Scaled Net Operating Assets (SNOA) for the quarter that ended in Oct. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Oct. 2023 )
=(Operating Assets (Q: Oct. 2023 )-Operating Liabilities (Q: Oct. 2023 ))/Total Assets (Q: Apr. 2023 )
=(516.687-8.157)/509.032
=1.00

where

Operating Assets(Q: Oct. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=516.687 - 0
=516.687

Operating Liabilities(Q: Oct. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=102.657 - 94.5 - 0
=8.157

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Trust MLP and Energyome Fund (First Trust MLP and Energyome Fund) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Trust MLP and Energy Income Fund (NYSE:FEI) » Definitions » Scaled Net Operating Assets
Comparable Companies
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Traded in Other Exchanges
N/A
Address
10 Westport Road, Suite C101a, Wilton, CT, USA, 06897
Website
https://www.ftportfolios.com
First Trust MLP and Energy Income Fund is a non-diversified, closed-end management investment company. Its focus is on investing in publicly traded master limited partnerships(MLP) related entities, and other companies in the energy sector and energy utility industries. Its investment objective is to seek a high level of total return with an emphasis on current distributions paid to common shareholders.
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
Nandita Hogan 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
Shane Shannon officer: Assistant Secretary FIRST TRUST ADVISORS L.P., 120 EAST LIBERTY DRIVE, SUITE 400, WHEATON IL 60187
Lisa Iantorno other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, 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
Eva Pao other: Officer-Investment Sub-Advisor ENERGY INCOME PARTNERS, LLC, 49 RIVERSIDE AVENUE, WESTPORT CT 06880
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