ENFR vs FXN

ENFRBAlerian Energy Infrastructure ETF

FXNCFirst Trust Energy AlphaDEX Fund

In short

ENFR Midstream, not drillers. ENFR owns the pipelines, storage tanks and processing plants that move North American energy, tracking the Alerian Midstream Energy Select Index in a compact portfolio of roughly two dozen names.

FXN Energy exposure without the two-giant problem. FXN ranks Russell 1000 energy names on growth and value marks, keeps the best scorers, and tier-weights about 40 of them so smaller drillers carry real weight. Running since 2007.

Stated mandate

ENFR ENFR seeks to track, before fees and expenses, the price and yield performance of the Alerian Midstream Energy Select Index. It also seeks total return through income and capital appreciation.

FXN The Fund seeks to track before expenses the price and yield of the StrataQuant® Energy Index, an enhanced index using the AlphaDEX® methodology to select energy-sector stocks.

Why people hold it

• ENFR Charges 0.35%, under the 0.45% median for broad energy ETFs and below iShares' IYE at 0.38%.
• Different engine than most energy funds: infrastructure operators rather than the explorers and refiners whose fortunes swing with the barrel price.alpsfunds.com
• Income is written into the mandate: the fund seeks total return through income and capital appreciation, and distributions come on a quarterly schedule.
• Trading since 2013 and rated among the stronger names in our broad energy peer group.

• FXN Rules do the picking: stocks are scored on growth marks (3, 6 and 12-month price moves, sales to price, sales growth) and value marks, then sorted into quintiles by score.nyse.comftportfolios.com
• Weighting is tiered, not cap-driven: the top-scoring quintile takes a third of the index, equal-weighted within tiers, so about 40 names share the load instead of two giants.nyse.com
• A 2007 launch means this strategy has run through multiple oil booms and busts, and shares change hands actively. Pays quarterly.

Worth knowing

• ENFR Around 26 holdings in one slice of one sector. Single-name news and midstream-specific swings land harder here than in a diversified energy fund.
• The broad energy giants (XLE, FENY, VDE) all sit under 0.10%. Specialist indexing costs more.
• Moderately traded rather than a volume heavyweight, which can mean wider bid-ask spreads than the largest energy ETFs.

• FXN At 0.63% a year, it charges roughly double the median factor fund in its peer group. That is the price of the quant screen.
• The index reconstitutes and rebalances quarterly, which the fund's prospectus notes can push portfolio turnover higher.otcmarkets.comnyse.com
• One sector, concentrated by design: energy prices and drilling budgets drive results, with no cushion from other parts of the market.ftportfolios.com

Full ENFR profile⁠

Full FXN profile⁠