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First Trust Energy Income and Growth Fund (FEN) is a closed-end equity mutual fund focused on investing in the energy sector. The fund primarily targets companies involved in transporting, processing, storing, distributing, or marketing natural gas, natural gas liquids, crude oil, and refined petroleum products. FEN typically invests in publicly traded stocks of U.S.-based energy companies.

Managed by First Trust Advisors L.P. and co-managed by Energy Income Partners, LLC, FEN aims to provide investors with exposure to the energy sector's growth and income potential. The fund's strategy involves selecting companies with strong fundamentals and attractive dividend yields, offering investors a balance of capital appreciation and regular income distribution.