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.


Active, Concentrated

MANAGEMENT MATRIX

ECLN

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryGlobal Equities
Asset classEquity
Websitelink...
Inception dateJun 20, 2012
Assets (mns)$2,153
Expense ratio96 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsQuarterly
Taxation1099
Stock selectionProprietary
WeightingProprietary
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
ENTERPRISE PRODUCTS PARTNERS 6.9 %
MAGELLAN MIDSTREAM PARTNERS 6.4 %
NEXTERA ENERGY PARTNERS LP 5.5 %
TRANSCANADA CORP 5.2 %
PLAINS GP HOLDINGS LP CLASS A 4.7 %
SEMPRA ENERGY 3.6 %
QUANTA SERVICES INC 3.4 %
NEXTERA ENERGY GROUP 3.3 %
PUBLIC SERVICE ENTERPRISE GP 3.2 %
CHENIERE ENERGY INC 3.2 %
Constituent Breakdown
Number of holdings58
Herfindahl-Hirschman Index 327
Wgt avg mkt cap (mns)$28,223
Large cap (>$10bn)73.3%
Mid cap ($2-10bn)19.0%
Small cap (<$2bn)7.7%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 86.3 %
CANADA 11.7 %
SPAIN 0.8 %
ITALY 0.8 %
Historical Performance


Standardized Annual Returns (as of 09/30/2021)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
15.9% 29.1% 0.5% 4.7% 2.8% -- 5.6%
Market Correlations
versus...BetaR-squared
S&P 5000.9063%
MSCI EAFE0.8655%
MSCI Emg Mkts0.7451%
Liquidity Measures
Avg. volume (000)203
Turnover0.2%
Avg. Bid/Ask (% of price)0.06%
ADV of underlying (mns)$7,674
Technical Indicators
Recent close$25.34
30d moving avg.$24.37
Annualized volatility21.3%
Relative strength (RSI)57
Short interest (ETF)0.4%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Results & Estimates
  2016 2017 2018 2019 2020 2021E 2022E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2020 2021E Fwd Est 2022E
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 --%
0.7 15.3 2.1 4.7% --
Based on closing prices from 10/21/2021
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SHOWING:
Price-to-Earnings
EMLP



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 Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

EMLP

4.4%

Cat. Avg

3.4%

Fund Category: Global Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™4.4%
Recommendation

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

Category Overview
There are 246 funds in the Global Equities category, with an average ALTAR Score™ of 3.4% and a standard deviation of 3.8%. EMLP's ALTAR Score™ is approximately 0.3 standard deviations above the category average. This places EMLP in the 61st percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
EMLP
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
EMLP 96.0 6.3 102.3
Peer Avg. 97.0 42.9 139.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.