Fund Description: First Trust Energy Income and Growth Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The First Trust Energy Income and Growth Fund seeks a high level of after-tax total return with an emphasis on current distributions paid to shareholders. <p> FUND STRATEGY: The Fund seeks to provide its shareholders with an efficient vehicle to invest in a portfolio of cash-generating securities of energy companies. The Fund will focus on investing in publicly traded master limited partnerships (MLPs) and related public entities in the energy sector which the Fund's investment sub-advisor believes offer opportunities for income and growth. Under normal market conditions after the invest-up period, the Fund will invest at least 85% of its managed assets in securities of energy companies, energy sector MLPs and MLP-related entities and will invest at least 65% of its managed assets in equity securities of such MLPs and MLP-related entities. <p> FUND MANAGEMENT: First Trust Advisors L.P. serves as the investment adviser to the Fund..