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EMLP

GradeCNew York Stock Exchange Arca

First Trust North American Energy Infrastructure Fund

Sectors · First Trust · Inception 2012-06-20 · SEC filings

$42.30−0.36 (−0.86%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 42.66 to 42.30. Range 42.30 to 42.63. Use the arrow keys to read each point.$42.40$42.50$42.6010 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$4.1B
1Y return
+16.5%
Yield · Last 12 months
2.85%
Holdings
57
Volume · 30D
0.3M sh
NAV per share
$42.93
52W range
low $37.18high $45.23

The ETF.net EMLP Grade

C

43/ 100

Rank 14 of 25 in Energy (Broad)⁠

Confidence High

Six-pillar profile for EMLP. Scores out of 100: Cost 0, Risk 88, Mission 28, Tradability 57, Holdings 68, Durability 83. Strongest: Risk (88). Weakest: Cost (0). Leans toward Risk and Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    FScore 0
    Category rank25/25 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    DScore 28
    Category rank7/7 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 88
    Category rank2/23 · top 9%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank9/25 · top 36%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 68
    Category rank10/25 · top 40%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 83
    Category rank4/25 · top 16%

Graded as of Sep 22, 2026

Our read on EMLP

ETF.net Research

CThe pipeline-and-utility fund that refused to turn itself into a C-corp. EMLP keeps direct MLP holdings under 25% of assets to stay a plain 1940 Act fund, then fills out the book with US and Canadian pipelines and regulated utilities, hand-picked since 2012.

Stated mandate

The Fund seeks total return. Its strategy emphasizes current shareholder distributions and dividends while investing principally in energy infrastructure companies.

Why people hold it

  1. 01Staying RIC-eligible by capping direct MLP exposure below 25% means the fund itself is exempt from the corporate income tax that pure-play MLP funds carry.ftportfolios.com
  2. 02Regulated US and Canadian gas and electric utilities sit beside the pipelines, a different engine than the oil-major-heavy broad energy funds.sec.gov
  3. 03Sub-advised by Energy Income Partners, a Westport shop founded in 2003 around high-payout energy infrastructure. Running since 2012, pays quarterly.sec.gov

Worth knowing

  1. 010.95% a year is the bill for the active approach. Index-tracking peers in the group, XLE and FENY, charge 0.08%.
  2. 02About 60 names and non-diversified, tilted to pipelines and utilities, so its path can part ways with broad energy indexes.sec.gov
  3. 03There is no public index keeping score. Results are measured against a blended benchmark, so they ride on the manager's judgment.

EMLP Holdings

As of Sep 21, 2026, 5:01 PM
Asset class
Stocks
Holdings
57
Top-10 weight
47%
Largest holding
EPD9.1%

Sectors

  • Energy49.6%
  • Utilities45.8%
  • Industrials4.0%
  • Materials0.6%

Geography

  • United States96.41%
  • Canada2.98%
  • Spain0.36%
  • Italy0.25%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001EPDEnterprise Products Partners L.P.9.11%9,682,267$377M44
002ETEnergy Transfer LP7.69%15,037,772$318M52
003—US Dollar6.19%255,981,582$256M394
004MPLXMPLX LP4.40%3,063,505$182M38
005PAGPPlains GP Holdings, L.P. (Class A)3.98%5,948,244$165M42
006NFGNational Fuel Gas Company3.90%1,994,972$161M165
007KMIKinder Morgan, Inc.3.73%4,839,546$154M342
008SOThe Southern Company2.75%1,330,007$114M331
009PPLPPL Corporation2.75%3,405,497$114M276
010OKEONEOK, Inc.2.35%1,039,637$97M325
011OGSONE Gas, Inc.2.26%1,240,600$93M144
012DUKDuke Energy Corporation2.25%793,216$93M323
013ETREntergy Corporation2.25%912,562$93M315
014AEPAmerican Electric Power Company, Inc.1.99%686,362$82M337
015SRESempra1.99%1,010,970$82M301

Showing 1–15 of 59 holdings

EMLP Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

EMLP$11,654
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. EMLP $11,654. SPY $11,723. Use the arrow keys to read each point.$9,314$10,890$12,467Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for EMLP. Periods over one year show the average yearly return.
PeriodEMLP
Year to date+14.2%
1 month−2.4%
3 months−0.5%
1 year+16.5%
3 years+19.5%per year
5 years+16.1%per year
10 years+9.2%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for EMLP
YearReturn barEMLP
2026 YTD+14.2%
2025+9.7%
2024+33.4%
2023+8.0%
2022+10.4%
2021+23.2%
2020−13.4%

EMLP in the news

EMLP Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
2.85%Last 12 months
Payout per share
$1.21Last 12 months
Last payment
$0.31 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 38 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.23; Jun 22, 2017 $0.28; Sep 21, 2017 $0.21; Dec 21, 2017 $0.21; Mar 22, 2018 $0.24; Jun 21, 2018 $0.26; Sep 14, 2018 $0.22; Dec 18, 2018 $0.29; Mar 21, 2019 $0.22; Jun 14, 2019 $0.22; Sep 25, 2019 $0.25; Dec 13, 2019 $0.26; Mar 26, 2020 $0.26; Jun 25, 2020 $0.28; Sep 24, 2020 $0.22; Dec 24, 2020 $0.23; Mar 25, 2021 $0.22; Jun 24, 2021 $0.20; Sep 23, 2021 $0.21; Dec 23, 2021 $0.19; Mar 25, 2022 $0.18; Jun 24, 2022 $0.20; Sep 23, 2022 $0.25; Dec 23, 2022 $0.21; Mar 24, 2023 $0.27; Jun 27, 2023 $0.29; Sep 22, 2023 $0.28; Dec 22, 2023 $0.24; Mar 21, 2024 $0.26; Jun 27, 2024 $0.31; Sep 26, 2024 $0.30; Dec 13, 2024 $0.27; Mar 27, 2025 $0.30; Jun 26, 2025 $0.30; Sep 25, 2025 $0.31; Dec 12, 2025 $0.29; Mar 26, 2026 $0.30; Jun 25, 2026 $0.31. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 25, 2026Jun 30, 2026$0.31
Mar 26, 2026Mar 31, 2026$0.30
Dec 12, 2025Dec 31, 2025$0.29
Sep 25, 2025Sep 30, 2025$0.31
Jun 26, 2025Jun 30, 2025$0.30
Mar 27, 2025Mar 31, 2025$0.30
Dec 13, 2024Dec 31, 2024$0.27
Sep 26, 2024Sep 30, 2024$0.30
Jun 27, 2024Jun 28, 2024$0.31
Mar 21, 2024Mar 28, 2024$0.26
Dec 22, 2023Dec 29, 2023$0.24
Sep 22, 2023Sep 29, 2023$0.28

EMLP Risk

How much the fund’s monthly returns vary, scaled to a year.
12.5%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.24
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−14.6%
Trough Jun 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.36
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

EMLP Cost

Expense ratio0.95%
  • The middle half of Energy (Broad) funds
  • Median 0.46%

Every other Energy (Broad) fund charges less.

EMLP costs $95.00 a year on $10,000. The median Energy (Broad) fund costs $45.50.