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
$ 3.9 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. | 7.2 % |
| ENTERPRISE PRODUCTS PARTNERS | 6.9 % |
| US DOLLAR | 5.3 % |
| MPLX LP | 4.3 % |
| KINDER MORGAN INC | 3.8 % |
| PLAINS GP HOLDINGS LP CLASS A | 3.7 % |
| NATIONAL FUEL GAS CO | 3.6 % |
| SOUTHERN CO | 2.9 % |
| PPL CORPORATION | 2.7 % |
| ENTERGY CORP | 2.3 % |
Constituent Breakdown
| Number of holdings | 64 |
| Herfindahl-Hirschman Index | 286 |
| 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. | 94.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 89.2 % |
 |
CANADA | 4.7 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.6% | 17.0% | 25.0% | 17.9% | 15.7% | 7.8% | -- | 6.0% |
| Dividend Yield | 0.0% | 2.9% | 3.8% | 4.0% | 3.9% | 4.1% | -- | 3.9% |
| Total Returns | 15.6% | 19.8% | 28.8% | 21.9% | 19.6% | 11.9% | -- | 9.9% | Ann. Volatility | 10.7% | 13.8% | 13.2% | 13.2% | 14.6% | 17.8% | -- | 17.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.44 | 37% |
| MSCI EAFE | 0.52 | 37% |
| MSCI Emg Mkts | 0.38 | 24% |
Liquidity Measures
| Avg. volume (000) | 295 |
| ADV traded (mns) | $13 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.06% |
Technical Indicators
| 30d moving avg. (EMA) | $41.47 |
| Relative strength (RSI) | 76 |
| MACD/Signal | 1.08/1.01 |
| Bollinger Bands (Upper/Lower) | $44.48/$39.47 |
| Short interest (% of AUM) | 0.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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 | 68.8% | +15 bp | +0.7% |
| FPWR | First Trust EIP Power Solutions ETF | 68.2% | +1 bp | -0.4% |
| EIPX | FT Energy Income Partners Strategy ETF | 61.0% | 0 bp | +1.4% |
| VPU | Vanguard Utilities ETF | 35.5% | -86 bp | 0.0% |
| FUTY | Fidelity MSCI Utilities Index ETF | 35.4% | -87 bp | 0.0% |
| FXU | First Trust Utilities AlphaDEX Fund | 35.1% | -31 bp | +0.4% |
| IDU | iShares U.S. Utilities ETF | 34.1% | -55 bp | -0.5% |
| TPYP | Tortoise North American Pipeline Fund | 33.9% | -55 bp | +0.2% |
| UMI | USCF Midstream Energy Income Fund ETF | 33.2% | -10 bp | -0.5% |
| ENFR | Alerian Energy Infrastructure ETF | 33.2% | -60 bp | -0.1% |
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 3/7/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
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
5.0%
ALTAR SCORE™
57th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 568 funds in the Global Equity category with an average
ALTAR Score™ of 4.6% and a standard deviation
of 2.7%. EMLP's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places EMLP in the 57th percentile
among funds in the category.
Sell-Side Consensus
$46.11
PRICE TARGET
+5.5%
UPSIDE