EIPI
FT Energy Income Partners Enhanced Income ETF
EIPI is an actively managed ETF investing in Energy stocks that seeks total return with a focus on distributions. The fund invests globally within the broader energy market, while combining both covered and naked call options writing strategies to enhance income.
Global
EQUITY
Active
MANAGEMENT STYLE
996.6 M
ASSETS UNDER MGMT
110 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | May 06, 2024 |
| Assets (mns) | $997 |
| Expense ratio | 110 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ENTERPRISE PRODUCTS PARTNERS | 8.6 % |
| ONEOK INC | 6.3 % |
| ENERGY TRANSFER, L.P. | 5.8 % |
| US DOLLAR | 5.3 % |
| MPLX LP | 4.2 % |
| KINDER MORGAN INC | 4.1 % |
| DT MIDSTREAM, INC. | 3.6 % |
| WILLIAMS COS INC | 3.3 % |
| TOTAL SA-SPON ADR | 3.3 % |
| PUBLIC SERVICE ENTERPRISE GP | 3.0 % |
Constituent Breakdown
| Number of holdings | 87 |
| Herfindahl-Hirschman Index | 336 |
| Wgt avg mkt cap (mns) | $57,204 |
| Large cap (>$10bn) | 81.8% |
| Mid cap ($2-10bn) | 15.0% |
| Small cap (<$2bn) | 2.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 82.3 % |
 |
CANADA | 6.7 % |
 |
FRANCE | 3.3 % |
 |
BRITAIN | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.2% | -- | -- | -- | -- | -- | 6.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 90 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $11,230 |
Technical Indicators
| Recent close | $20.62 |
| 30d moving avg. | $19.40 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 56 |
| Short interest (ETF) | 0.0% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EIPI |
Expenses vs. EIPI |
ALTAR Score™ vs. EIPI |
|---|---|---|---|---|
| EMLP | First Trust North American Energy Infrastructure Fund | 70.9% | -15 bp | -0.7% |
| EIPX | FT Energy Income Partners Strategy ETF | 63.9% | -15 bp | +0.9% |
| UMI | USCF Midstream Energy Income Fund ETF | 44.8% | -25 bp | -1.5% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 44.5% | -65 bp | -1.4% |
| EINC | VanEck Energy Income ETF | 44.4% | -62 bp | -1.6% |
| ENFR | Alerian Energy Infrastructure ETF | 43.7% | -75 bp | -1.2% |
| USAI | Pacer American Energy Independence ETF | 40.5% | -35 bp | -2.2% |
| TPYP | Tortoise North American Pipeline Fund | 40.2% | -70 bp | -0.9% |
| ECLN | First Trust EIP Carbon Impact ETF | 38.3% | -14 bp | -0.8% |
| NDIV | Amplify Natural Resources Dividend Income ETF | 28.1% | -51 bp | +3.3% |
Risk and Returns: EIPI 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
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| 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 11/21/2024
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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
EIPI
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
EIPI
5.1%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. EIPI's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places EIPI in the 58th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EIPISELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active Global Equity ETFs |
| # of ETFs | 118 |
| Avg. Expense Ratio | 73.5 bp |
| Std. Deviation | 29.8 bp |
| EIPI (110 bp) Percentile rank | 90 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EIPI | 110.0 | 0.0 | 110 |
| Peer Avg. | 74.7 | 39.0 | 113.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .