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

3.3 B

ASSETS UNDER MGMT

95 bp

EXPENSES
Fund Basics
Fund sponsorFirst Trust Advisors LP
CategoryGlobal
Asset classEquity
Websitelink...
Inception dateJun 20, 2012
Assets (mns)$3,297
Expense ratio95 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 Complete list  + 
ENERGY TRANSFER, L.P. 7.7 %
ENTERPRISE PRODUCTS PARTNERS 7.5 %
PLAINS GP HOLDINGS LP CLASS A 5.2 %
MPLX LP 5.0 %
US DOLLAR 4.6 %
ONEOK INC 3.8 %
SEMPRA ENERGY 3.5 %
NATIONAL FUEL GAS CO 3.4 %
KINDER MORGAN INC 3.4 %
SOUTHERN CO 2.6 %
Constituent Breakdown
Number of holdings69
Herfindahl-Hirschman Index 319
Wgt avg mkt cap (mns)$36,900
Large cap (>$10bn)74.8%
Mid cap ($2-10bn)23.7%
Small cap (<$2bn)0.8%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
UNITED STATES 87.9 %
CANADA 6.8 %
Historical Performance


Standardized Performance (as of 02/28/2025)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.0% 36.0% 21.9% 16.3% 13.7% 7.1% 9.0%
Volatility 16.1% 12.6% 12.9% 15.4% 22.0% 18.6% --
Market Correlations
versus...BetaR-squared
S&P 5000.7666%
MSCI EAFE0.6651%
MSCI Emg Mkts0.4524%
Liquidity Measures
Avg. volume (000)292
Turnover0.3%
Avg. Bid/Ask (% of price)0.04%
ADV of underlying (mns)$6,044
Technical Indicators
Recent close$37.89
30d moving avg.$37.10
Annualized volatility15.9%
Relative strength (RSI)53
Short interest (ETF)0.1%
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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Risk and Returns: EMLP vs. Comps (1 YR)

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Results & Estimates
  2020 2021 2022 2023 2024 2025E 2026E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value 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
  2024 2025E Fwd Est 2026E
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 --%
1.6 15.4 2.2 4.2% --
Based on closing prices from 4/2/2025
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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 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™

EMLP

5.1%

Cat. Avg

4.5%


ALTAR Score™ Calculation

Category Overview
There are 363 funds in the Global Equity category, with an average ALTAR Score™ of 4.5% and a standard deviation of 4.0%. EMLP's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places EMLP in the 56th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

EMLP
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Active
Global Equity ETFs
# of ETFs 118
Avg. Expense Ratio 73.5 bp
Std. Deviation 29.8 bp
EMLP (95 bp) Percentile rank 78
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
EMLP 95.0 4.2 99.2
Peer Avg. 72.6 36.2 108.8
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .