EMLP: First Trust North American Energy Infrastructure Fund - MutualFunds.com

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First Trust North Amer Engy InfrasETF

EMLP - Snapshot

Vitals

  • YTD Return -15.4%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $1.76 B
  • Holdings in Top 10 54.3%

52 WEEK LOW AND HIGH

$21.28
$14.87
$26.37

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.95%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Energy Limited Partnership

Compare EMLP to Popular MLP Industry Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Alerian MLP ETF

AMLP | ETF

$26.19

+3.72%

$3.90 B

12.51%

$3.16

221.06%

-

$3.21

+2.89%

$1.80 B

17.22%

$0.54

-38.27%

-

$21.47

+0.89%

$1.76 B

4.77%

$1.02

-15.42%

-

$4.54

+2.72%

$1.75 B

13.24%

$0.59

-35.51%

-

$8.54

+2.15%

$1.65 B

4.31%

$0.36

-31.52%

-

EMLP - Profile

Distributions

  • YTD Total Return -15.8%
  • 3 Yr Annualized Total Return -0.7%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.52%
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust North American Energy Infrastructure Fund
  • Fund Family Name
    First Trust
  • Inception Date
    Jun 20, 2012
  • Shares Outstanding
    83305000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Murchie

Fund Description

The fund invests at least 80% of its net assets in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded MLPs and limited liability companies taxed as partnerships, MLP affiliates, pipeline companies, utilities, and other companies that derive the majority of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission and petroleum and natural gas storage in the petroleum, natural gas and power generation industries. It is non-diversified.


EMLP - Performance

Return Ranking - Trailing

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
YTD -15.4% -63.6% 350.9% 24.11%
1 Yr -9.2% -82.8% 34.8% 5.63%
3 Yr -0.7%* -47.6% 6.6% 4.32%
5 Yr 3.9%* -32.3% 5.3% 4.00%
10 Yr N/A* -24.5% 5.3% N/A

* Annualized

Return Ranking - Calendar

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
2019 18.8% -87.2% 18.9% 1.53%
2018 -12.7% -83.3% -10.9% 1.64%
2017 -2.7% -59.9% -1.4% 3.74%
2016 25.1% -10.3% 459.2% 33.00%
2015 -28.3% -65.1% -1.2% 9.57%

Total Return Ranking - Trailing

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
YTD -15.8% -63.6% 222.1% 21.28%
1 Yr -9.2% -82.8% 34.8% 5.63%
3 Yr -0.7%* -47.6% 6.6% 4.32%
5 Yr 3.9%* -32.3% 5.3% 2.40%
10 Yr N/A* -24.5% 5.3% N/A

* Annualized

Total Return Ranking - Calendar

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
2019 18.8% -87.2% 18.9% 1.53%
2018 -12.7% -83.3% -9.4% 6.56%
2017 -2.7% -59.9% 0.4% 9.35%
2016 25.1% -10.3% 65.5% 42.00%
2015 -28.3% -65.1% -1.2% 14.89%

EMLP - Holdings

Concentration Analysis

EMLP Category Low Category High EMLP % Rank
Net Assets 1.76 B 1.29 M 3.9 B 5.63%
Number of Holdings 50 15 154 18.90%
Net Assets in Top 10 957 M 120 K 3.06 B 6.30%
Weighting of Top 10 54.25% 35.8% 95.0% 78.81%

Top 10 Holdings

  1. Enterprise Products Partners LP 8.08%
  2. TC Energy Corp 7.61%
  3. Magellan Midstream Partners LP 7.38%
  4. NextEra Energy Partners LP 6.68%
  5. TC Pipelines LP 5.45%
  6. Public Service Enterprise Group Inc 5.25%
  7. Sempra Energy 4.30%
  8. NextEra Energy Inc 3.56%
  9. Williams Companies Inc 2.77%
  10. Alliant Energy Corp 2.71%

Asset Allocation

Weighting Return Low Return High EMLP % Rank
Stocks
96.82% 16.74% 141.02% 78.74%
Cash
3.18% -41.02% 83.26% 13.39%
Preferred Stocks
0.00% 0.00% 11.20% 77.17%
Other
0.00% -49.86% 39.71% 70.87%
Convertible Bonds
0.00% 0.00% 9.17% 73.23%
Bonds
0.00% 0.00% 73.50% 74.80%

Stock Sector Breakdown

Weighting Return Low Return High EMLP % Rank
Utilities
53.51% 0.00% 53.51% 0.79%
Energy
43.45% 16.11% 100.00% 96.85%
Industrials
2.28% 0.00% 7.68% 8.66%
Basic Materials
0.77% 0.00% 7.05% 28.35%
Technology
0.00% 0.00% 18.83% 74.02%
Real Estate
0.00% 0.00% 17.61% 74.02%
Healthcare
0.00% 0.00% 0.00% 73.23%
Financial Services
0.00% 0.00% 5.84% 73.23%
Communication Services
0.00% 0.00% 4.72% 73.23%
Consumer Defense
0.00% 0.00% 0.00% 73.23%
Consumer Cyclical
0.00% 0.00% 3.95% 73.23%

Stock Geographic Breakdown

Weighting Return Low Return High EMLP % Rank
US
80.81% 16.74% 141.02% 51.18%
Non US
16.01% 0.00% 47.08% 48.82%

EMLP - Expenses

Operational Fees

EMLP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.95% 0.40% 45.48% 92.25%
Management Fee 0.95% 0.00% 2.64% 47.26%
12b-1 Fee 0.00% 0.00% 1.00% 12.31%
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

EMLP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

EMLP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EMLP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 13.00% 439.00% 37.80%

EMLP - Distributions

Dividend Yield Analysis

EMLP Category Low Category High EMLP % Rank
Dividend Yield 4.73% 0.00% 19.41% 14.29%

Dividend Distribution Analysis

EMLP Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

EMLP Category Low Category High EMLP % Rank
Net Income Ratio 1.52% -49.00% 5.74% 24.62%

Capital Gain Distribution Analysis

EMLP Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

EMLP - Fund Manager Analysis

Managers

James Murchie


Start Date

Tenure

Tenure Rank

Jun 20, 2012

8.45

8.5%

James Murchie co-founded EIP in 2003 with Linda Longville and Eva Pao. He is the President, CEO and Co-Portfolio Manager of EIP’s Funds and products which seek to focus on high-payout energy infrastructure securities such as Master Limited Partnerships (MLPs), MLP affiliates, Utilities, Yield Corporations (YieldCos) and Energy Infrastructure Real Estate Investment Trusts (REITs). From late 2004 to mid-2006, while the EIP investment team was affiliated with Pequot Capital Management, Mr. Murchie served as a Managing Director. In July 2006, EIP re-established its independence. In 1998, he founded Lawhill Capital where he managed a long/short equity fund that invested in energy and cyclical equities and commodities until 2003. From 1995 to 1997, he was a Managing Director at Tiger Management where his primary responsibility was investments in energy, commodities and related equities. From 1990-1995, Mr. Murchie was a Principal at Sanford C. Bernstein where he was a top-ranked energy analyst and sat on the Research Department’s Recommendation Review Committee. Before joining Bernstein, he spent 8 years at British Petroleum in 7 operating and staff positions of increasing responsibility. He has served on the board of Clark Refining and Marketing Company and as President and Treasurer of the Oil Analysts Group of New York. Mr. Murchie received a B.A. from Rice University in 1979 and an M.A. in Energy Planning from Harvard University in 1982

Eva Pao


Start Date

Tenure

Tenure Rank

Jun 20, 2012

8.45

8.5%

Eva Pao is a Co-Founder and Co-Portfolio Manager of EIP’s Funds and products. Eva Pao co-founded EIP in 2003, serving as Managing Director of EIP until the EIP investment team joined Pequot Capital Management. Ms. Pao served as Vice President of Pequot Capital Management from 2005 to mid-2006. Prior to Harvard Business School, Ms. Pao was a Manager at Enron Corp. where she managed a portfolio in Canadian oil and gas equities for Enron’s internal hedge fund that specialized in energy-related equities and managed a natural gas trading book. She received a B.A. from Rice University in 1996. She received an M.B.A. from the Harvard Business School in 2002.

John Tysseland


Start Date

Tenure

Tenure Rank

May 01, 2016

4.59

4.6%

John Tysseland is a Principal and Co-Portfolio Manager of EIP’s Funds and products. From 2005 to 2014, he worked at Citi Research most currently serving as a Managing Director where he covered midstream energy companies and MLPs. From 1998 to 2005, he worked at Raymond James & Associates as a Vice President who covered the oilfield service industry and established the firm’s initial coverage of MLPs in 2001. Prior to that, he was an Equity Trader at Momentum Securities from 1997 to 1998 and an Assistant Executive Director at Sumar Enterprises from 1996 to 1997. He graduated from The University of Texas at Austin in 1996 with a BA in economics.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 16.77 6.48 10.68
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