EMLP
First Trust North American Energy Infrastructure Fund
First Trust North American Energy Infrastructure Fund is an exchange-traded fund incorporated in the USA. The fund will invest in publicly-traded master limited partnerships ("MLPs"), MLP affiliates, Canadian income trusts, pipeline companies, utilities, and other companies that derive at least 50% of their revenues from infrastructure assets such as pipelines.
Global
EQUITY
Active
MANAGEMENT STYLE
$ 4.0 B
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Inception date | Jun 20, 2012 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ENERGY TRANSFER, L.P. | 7.4 % |
| ENTERPRISE PRODUCTS PARTNERS | 7.1 % |
| US DOLLAR | 4.5 % |
| MPLX LP | 4.1 % |
| PLAINS GP HOLDINGS LP CLASS A | 4.0 % |
| KINDER MORGAN INC | 3.6 % |
| NATIONAL FUEL GAS CO | 3.5 % |
| SOUTHERN CO | 2.6 % |
| PPL CORPORATION | 2.5 % |
| ENTERGY CORP | 2.3 % |
Constituent Breakdown
| Number of holdings | 65 |
| Herfindahl-Hirschman Index | 296 |
| Wgt avg mkt cap (mns) | $40,066 |
| Large cap (>$10bn) | 69.8% |
| Mid cap ($2-10bn) | 23.1% |
| Small cap (<$2bn) | 1.9% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 90.0 % |
 |
CANADA | 4.7 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 13.2% | 16.1% | 18.1% | 17.8% | 11.9% | 6.3% | -- | 5.7% |
| Dividend Yield | 0.8% | 3.6% | 3.9% | 4.2% | 3.9% | 4.1% | -- | 3.9% |
| Total Returns | 14.0% | 19.7% | 22.1% | 22.0% | 15.8% | 10.4% | -- | 9.6% | Ann. Volatility | 11.6% | 9.9% | 13.2% | 13.0% | 14.5% | 17.7% | -- | 17.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.10 | 1% |
| MSCI EAFE | 0.12 | 3% |
| MSCI Emg Mkts | 0.05 | 1% |
Liquidity Measures
| Avg. volume (000) | 279 |
| ADV traded (mns) | $12 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.09% |
Technical Indicators
| 30d moving avg. (EMA) | $43.74 |
| Relative strength (RSI) | 47 |
| MACD/Signal | -0.01/0.10 |
| Bollinger Bands (Upper/Lower) | $44.82/$42.95 |
| Short interest (% of AUM) | 0.2% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EMLP |
Expenses vs. EMLP |
ALTAR Score™ vs. EMLP |
|---|---|---|---|---|
| EIPI | FT Energy Income Partners Enhanced Income ETF | 69.4% | +15 bp | +0.7% |
| FPWR | First Trust EIP Power Solutions ETF | 67.4% | +1 bp | -0.5% |
| EIPX | FT Energy Income Partners Strategy ETF | 63.9% | 0 bp | +1.3% |
| VPU | Vanguard Utilities ETF | 36.4% | -86 bp | +0.2% |
| FUTY | Fidelity MSCI Utilities Index ETF | 36.3% | -87 bp | +0.2% |
| FXU | First Trust Utilities AlphaDEX Fund | 35.9% | -31 bp | +0.6% |
| IDU | iShares U.S. Utilities ETF | 35.1% | -55 bp | -0.2% |
| UMI | USCF Midstream Energy Income Fund ETF | 34.3% | -10 bp | -0.6% |
| ENFR | Alerian Energy Infrastructure ETF | 34.3% | -60 bp | -0.3% |
| RSPU | Invesco S&P 500 Equal Weight Utilities ETF | 33.7% | -55 bp | +0.4% |
Risk and Returns: EMLP vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.2%
ALTAR SCORE™
64th
PERCENTILE
OVERWEIGHT
ETFRC RATING
There are 727 funds in the Global Equity category with an average
ALTAR Score™ of 4.3% and a standard deviation
of 2.6%. EMLP's ALTAR Score™ is approximately 0.4 standard
deviations above the category average. This places EMLP in the 64th percentile
among funds in the category.
Sell-Side Consensus
$46.41
PRICE TARGET
+7.6%
UPSIDE