EMLP
First Trust North American Energy Infrastructure Fund · First Trust
US Sectors
1Y Return
+17.9%
Expense Ratio
0.95%
AUM
$4.1B
Dividend Yield
2.81%
Avg Annual Growth (10Y)
+7.7%
Issuer
First Trust

Overview

Actively managed energy infrastructure — pipelines, utilities and power producers picked by the Energy Income Partners team.

Top Holdings

TickerHoldingWeight
LNGCheniere Energy7.6%
WMBWilliams Companies6.9%
ENBEnbridge Inc.6.2%
EPDEnterprise Products5.4%
NEENextEra Energy4.8%
KMIKinder Morgan4.4%
SRESempra3.9%
DTMDT Midstream3.6%
ETEnergy Transfer3.4%
PPLPPL Corp.3.1%

Fund Details

Benchmark
Alerian Midstream Energy Select
# Holdings
~60
Inception
Jun 2012
Exchange
NYSE Arca
Structure
Active ETF
Distribution
Quarterly
Avg Annual Growth (10Y)
+7.7%
Avg Annual Yield (10Y)
3.78%

Investment Thesis

EMLP blurs the line AI just made valuable: its managers roam across pipelines AND regulated utilities AND independent power — the whole electron-and-molecule value chain feeding data-centre demand — rather than being trapped in one index's definition. A decade of steadier-than-midstream returns plus the +18% year justify active management's premium here better than most categories.

Who It's For

Energy-infrastructure investors who want a manager allocating between pipes and power as the cycle shifts. The diversified, lower-drama entry to the energy-income complex.

10-Year History

Annual Closing Price
YearClose% Chg
2016$18.67--
2017$18.11-3.0%
2018$16.48-9.0%
2019$19.77+20.0%
2020$17.40-12.0%
2021$21.23+22.0%
2022$22.08+4.0%
2023$24.29+10.0%
2024$30.36+25.0%
2025$34.00+12.0%
Annual Dividend Yield
YearYield
20164.20%
20174.00%
20184.50%
20194.00%
20204.60%
20213.70%
20223.60%
20233.40%
20242.90%
20252.90%
Annual AUM
YearAUM% Chg
2016$2.2B--
2017$2.4B+9.1%
2018$2.2B-8.3%
2019$2.5B+13.6%
2020$1.8B-28.0%
2021$2B+11.1%
2022$2.4B+20.0%
2023$2.6B+8.3%
2024$3.2B+23.1%
2025$3.5B+9.4%

Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.

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