EIPX
FT Energy Income Partners Strategy ETF
EIPX seeks risk-adjusted total return through an actively managed portfolio of global stocks in the energy sector, as broadly defined by the funds sub-adviser.
Global
EQUITY
Active
MANAGEMENT STYLE
321.2 M
ASSETS UNDER MGMT
95 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 01, 2022 |
| Assets (mns) | $321 |
| Expense ratio | 95 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| 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 | 7.2 % |
| TOTAL SA-SPON ADR | 5.2 % |
| ENERGY TRANSFER, L.P. | 5.1 % |
| IMPERIAL OIL LTD | 4.1 % |
| MPLX LP | 3.9 % |
| EXXON MOBIL CORP | 3.7 % |
| KINDER MORGAN INC | 3.0 % |
| PLAINS GP HOLDINGS LP CLASS A | 3.0 % |
| ONEOK INC | 2.9 % |
| BP PLC-SPONS ADR | 2.5 % |
Constituent Breakdown
| Number of holdings | 81 |
| Herfindahl-Hirschman Index | 312 |
| Wgt avg mkt cap (mns) | $59,360 |
| Large cap (>$10bn) | 76.8% |
| Mid cap ($2-10bn) | 21.1% |
| Small cap (<$2bn) | 2.1% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 71.6 % |
 |
CANADA | 10.7 % |
 |
FRANCE | 5.2 % |
 |
BRITAIN | 2.5 % |
 |
SPAIN | 0.6 % |
 |
ITALY | 0.6 % |
Historical Performance
Standardized Performance (as of 08/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 17.7% | -- | -- | -- | -- | -- | 17.7% | 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) | 15 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $8,541 |
Technical Indicators
| Recent close | $23.97 |
| 30d moving avg. | $24.05 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 0 |
| Short interest (ETF) | 0.2% |
| 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. EIPX |
Expenses vs. EIPX |
ALTAR Score™ vs. EIPX |
|---|---|---|---|---|
| EIPI | FT Energy Income Partners Enhanced Income ETF | 62.7% | +15 bp | -1.4% |
| EMLP | First Trust North American Energy Infrastructure Fund | 57.0% | 0 bp | -2.0% |
| UMI | USCF Midstream Energy Income Fund ETF | 30.9% | -10 bp | -2.6% |
| ENFR | Alerian Energy Infrastructure ETF | 30.9% | -60 bp | -2.5% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 30.5% | -50 bp | -2.6% |
| EINC | VanEck Energy Income ETF | 30.5% | -47 bp | -2.6% |
| NDIV | Amplify Natural Resources Dividend Income ETF | 29.6% | -36 bp | +2.3% |
| ECLN | First Trust EIP Carbon Impact ETF | 29.6% | +1 bp | -2.4% |
| TPYP | Tortoise North American Pipeline Fund | 29.5% | -55 bp | -2.1% |
| USAI | Pacer American Energy Independence ETF | 28.4% | -20 bp | -3.1% |
Risk and Returns: EIPX 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 9/13/2024
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
EIPX
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
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.
ALTAR Score™
EIPX
7.0%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 360 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.8%. EIPX's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places EIPX in the 73rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EIPXSELL
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 |
| EIPX (95 bp) Percentile rank | 77 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EIPX | 95.0 | 0.0 | 95 |
| Peer Avg. | 75.7 | 38.3 | 114.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .