Key stats
About First Trust North American Energy Infrastructure Fund
Expense ratio
0.96%
Home page
Inception date
Jun 21, 2012
EMLP is one of the actively-managed ETPs in the MLP segment. While other MLP funds are structured as C-corporations to circumvent the rule that open-ended funds can't hold more than 25% of their portfolios in MLPs, EMLP is structured as a traditional 1940 Act fund. To maintain that structure, the issuer has extended the universe to include pipelines and utilities structured as C-corporations, Canadian firms that used to be royalty trusts, and unique institutional MLP shares issued by MLP affiliates. It's therefore not a pure MLP play, and adds complexity to its portfolio: some underlying MLPs make distributions in shares rather than cash, which may explain the fund's lower yield.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Industrial Services
Utilities
Stocks94.54%
Industrial Services46.21%
Utilities40.33%
Energy Minerals3.86%
Distribution Services2.63%
Process Industries0.79%
Producer Manufacturing0.73%
Bonds, Cash & Other5.46%
Mutual fund5.46%
Cash−0.00%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history