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Launched · SEC filings

First Trust North American Energy Infrastructure Fund

EMLPNYSE ArcaFirst TrustC

$44.41−0.21 (−0.47%)

At close: Nov 2, 2026, 4:00 PM ET

C43/ 100

Rank 15 of 25 in Energy (Broad)

C43/100Rank 15 of 25inEnergy (Broad)
Intraday session: down, 79 prints from 44.62 to 44.41. Range 44.28 to 44.49. Use the arrow keys to read each point.44.3044.3544.4544.5044.5510 AM12 PM2 PM4 PM
Expense ratio
0.95%
Fund size
$4.33B
1Y total return
+22.2%
Yield · Last 12 months
2.75%
Holdings
61
Avg volume · 30D
283K sh
52W range
low $37.18high $45.23
Launched
Filings
SEC EDGAR

The ETF.net EMLP Grade

C

Score 43 out of 100

Category
Energy (Broad)⁠
Rank
15 of 25
Six-pillar profile for EMLP. Scores out of 100: Cost 0, Risk 85, Mission 26, Tradability 62, Holdings 66, Durability 81. Strongest: Risk (85). Weakest: Cost (0). Leans toward Risk and Durability.

Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F0 out of 100
    Rank 25 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D26 out of 100
    Rank 7 of 7

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A85 out of 100
    Rank 2 of 24

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B62 out of 100
    Rank 8 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B66 out of 100
    Rank 10 of 25

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 4 of 25

Our read on EMLP

ETF.net Research

In short

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

  • Staying 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
  • Regulated US and Canadian gas and electric utilities sit beside the pipelines, a different engine than the oil-major-heavy broad energy funds.sec.gov
  • Sub-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

  • 0.95% a year is the bill for the active approach. Index-tracking peers in the group, XLE and FENY, charge 0.08%.
  • About 60 names and non-diversified, tilted to pipelines and utilities, so its path can part ways with broad energy indexes.sec.gov
  • There is no public index keeping score. Results are measured against a blended benchmark, so they ride on the manager's judgment.

EMLP Performance

Launched Jun 20, 2012

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

EMLP$12,220
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. EMLP $12,220. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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+20.4%
1 month+8.9%
3 months+2.3%
1 year+22.2%
3 yearsper year+23.2%
5 yearsper year+16.1%
10 yearsper year+10.1%

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+20.4%
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 Oct 30, 2026.
2.75%Last 12 months
Payout per share
$1.23Last 12 months
Last payment
$0.32 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. 39 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; Sep 24, 2026 $0.32. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.32
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

See all 57 payments⁠

$10,000 in EMLP 10 years ago paid $4,248 in dividends.⁠

EMLP Risk

Risk pillarA85 out of 100Rank 2 of 24 in Energy (Broad)
How much the fund’s monthly returns vary, scaled to a year.
13.7%
Annualised · 36 months to Oct 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.
1.28
vs 3-month T-bills · to Oct 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.

FMP measures it over up to five years of monthly returns.

EMLP Cost

Compare EMLP and XLE

Overpaying vs XLE, cheapest in Energy (Broad)

$16,180

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • EMLP 0.95%

    $17,869

  • XLE 0.08% Cheapest

    $1,689

$10,000
30 years

Cost over time

  • EMLP 0.95%
  • XLE 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530EMLP $17,869XLE $1,689

Year by year

YearEMLPXLEOverpaying
10$1,678$147$1,531
20$6,322$575$5,747
30$17,869$1,689$16,180

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