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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.25

$2.44 B

3.99%

$1.25

0.96%

Vitals

YTD Return

15.1%

1 yr return

18.5%

3 Yr Avg Return

12.9%

5 Yr Avg Return

7.9%

Net Assets

$2.44 B

Holdings in Top 10

47.5%

52 WEEK LOW AND HIGH

$31.0
$25.39
$31.25

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$31.25

$2.44 B

3.99%

$1.25

0.96%

EMLP - Profile

Distributions

  • YTD Total Return 15.1%
  • 3 Yr Annualized Total Return 12.9%
  • 5 Yr Annualized Total Return 7.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.71%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust North American Energy Infrastructure Fund
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Jun 20, 2012
  • Shares Outstanding
    94855000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    James Murchie

Fund Description

Under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in equity securities of companies deemed by Energy Income Partners, LLC, the Fund’s investment sub-advisor ("Energy Income Partners"or the "Sub-Advisor"), to be engaged in the energy infrastructure sector. These companies principally include U.S. and Canadian natural gas and electric utilities, corporations operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded master limited partnerships or limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, 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 (collectively, “energy infrastructure companies”). The Fund will invest principally in energy infrastructure companies. In addition, under normal market conditions, the Fund will invest at least 80% of its net assets (including investment borrowings) in equity securities of companies headquartered or incorporated in the United States and Canada. As of January 31, 2024, the Fund had significant investments in energy infrastructure and utility companies, although this may change from time to time. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.The Fund may invest in equity securities of MLPs without limit; however, in order to comply with applicable tax diversification rules, the Fund may directly invest up to 25% of its total assets in equity securities of certain MLPs treated as publicly-traded partnerships.The Fund’s investment strategy emphasizes current distributions and dividends paid to shareholders. The Sub-Advisor believes that a professionally managed portfolio of higher dividend paying MLPs, MLP affiliates, utilities, pipeline and power companies, and other energy infrastructure companies in non-cyclical segments that offer an attractive balance of income and growth. The Sub-Advisor believes that the non-cyclical assets that best support a high-payout ratio are those with steady, fee-for-service businesses with relatively low sustaining capital obligations. In the energy infrastructure sector, such fee-for-service assets are comprised of but not limited to interstate pipelines, intrastate pipelines with long-term contracts, power generation assets, storage and terminal facilities with long-term contracts and regulated power transmission and distribution assets. By contrast, the Sub-Advisor will seek to limit the cyclical energy exposure of the portfolio. The Sub-Advisor believes that portfolio investments in oil and gas exploration, development and production are less well suited for the Fund because the cash flows from these investments are cyclical in nature, being driven by commodity prices, and because oil and gas assets are wasting assets. The Sub-Advisor believes the use of rigorous investment research and analytical tools, along with conservative portfolio construction used to identify appropriate non-cyclical energy infrastructure company investments, provides a value added service to the individual investor making an investment in this asset class. The Fund may invest a portion of its assets in money market funds and may also invest in securities denominated in a non-U.S. currency and companies with various market capitalizations.The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as amended (the “1940 Act”).
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EMLP - Performance

Return Ranking - Trailing

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
YTD 15.1% 9.7% 29.7% 85.15%
1 Yr 18.5% 11.5% 45.6% 94.06%
3 Yr 12.9%* 4.2% 32.7% 92.78%
5 Yr 7.9%* -7.6% 33.3% 82.29%
10 Yr 5.6%* -4.4% 10.7% 6.67%

* Annualized

Return Ranking - Calendar

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% -14.9% 18.2% 86.41%
2022 6.9% -7.0% 29.9% 89.90%
2021 19.0% 4.2% 55.3% 86.87%
2020 -17.7% -57.4% 155.1% 13.27%
2019 18.8% -8.9% 18.9% 2.27%

Total Return Ranking - Trailing

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
YTD 15.1% 9.7% 29.7% 85.15%
1 Yr 18.5% 11.5% 45.6% 94.06%
3 Yr 12.9%* 4.2% 32.7% 92.78%
5 Yr 7.9%* -7.6% 33.3% 82.29%
10 Yr 5.6%* -4.4% 10.7% 6.67%

* Annualized

Total Return Ranking - Calendar

Period EMLP Return Category Return Low Category Return High Rank in Category (%)
2023 8.0% -9.3% 25.5% 90.29%
2022 10.4% -1.2% 38.8% 93.94%
2021 23.2% 14.5% 56.2% 94.95%
2020 -13.4% -53.9% 155.1% 15.31%
2019 22.2% -3.4% 22.4% 2.27%

EMLP - Holdings

Concentration Analysis

EMLP Category Low Category High EMLP % Rank
Net Assets 2.44 B 22 M 53.1 B 8.26%
Number of Holdings 64 16 89 5.83%
Net Assets in Top 10 1.15 B 21.3 M 3.37 B 17.48%
Weighting of Top 10 47.52% 39.5% 114.0% 97.09%

Top 10 Holdings

  1. Enterprise Products Partners LP 8.14%
  2. Energy Transfer LP 7.36%
  3. Plains GP Holdings LP 5.07%
  4. ONEOK Inc 4.87%
  5. Kinder Morgan Inc 4.37%
  6. MPLX LP 4.04%
  7. DT Midstream Inc 4.00%
  8. Sempra 3.96%
  9. National Fuel Gas Co 3.00%
  10. Targa Resources Corp 2.70%

Asset Allocation

Weighting Return Low Return High EMLP % Rank
Stocks
97.82% 53.33% 133.88% 66.02%
Cash
2.18% 0.00% 14.19% 34.95%
Preferred Stocks
0.00% 0.00% 2.23% 95.15%
Other
0.00% -36.30% 3.35% 78.64%
Convertible Bonds
0.00% 0.00% 5.29% 95.15%
Bonds
0.00% 0.00% 40.73% 95.15%

Stock Sector Breakdown

Weighting Return Low Return High EMLP % Rank
Energy
53.73% 53.73% 100.00% 100.00%
Utilities
41.78% 0.00% 41.78% 0.97%
Industrials
3.53% 0.00% 4.54% 2.91%
Basic Materials
0.75% 0.00% 6.40% 37.86%
Technology
0.21% 0.00% 2.43% 16.50%
Real Estate
0.00% 0.00% 0.00% 95.15%
Healthcare
0.00% 0.00% 0.00% 95.15%
Financial Services
0.00% 0.00% 0.66% 95.15%
Communication Services
0.00% 0.00% 0.00% 95.15%
Consumer Defense
0.00% 0.00% 0.82% 95.15%
Consumer Cyclical
0.00% 0.00% 1.07% 95.15%

Stock Geographic Breakdown

Weighting Return Low Return High EMLP % Rank
US
92.77% 48.92% 133.30% 59.22%
Non US
5.05% 0.00% 25.20% 34.95%

EMLP - Expenses

Operational Fees

EMLP Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.35% 8.81% 93.14%
Management Fee 0.95% 0.35% 1.38% 43.12%
12b-1 Fee 0.00% 0.00% 1.00% 13.79%
Administrative Fee N/A 0.04% 0.15% 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 N/A N/A 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 N/A 6.00% 166.00% 46.28%

EMLP - Distributions

Dividend Yield Analysis

EMLP Category Low Category High EMLP % Rank
Dividend Yield 3.99% 0.00% 15.34% 82.57%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

EMLP Category Low Category High EMLP % Rank
Net Income Ratio 0.71% -6.38% 5.84% 34.31%

Capital Gain Distribution Analysis

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

Distributions History

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EMLP - Fund Manager Analysis

Managers

James Murchie


Start Date

Tenure

Tenure Rank

Jun 20, 2012

9.95

10.0%

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

9.95

10.0%

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

6.08

6.1%

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
0.08 15.78 7.77 12.18