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Investment Objective/Strategy - The First Trust North American Energy Infrastructure Fund is an actively managed exchange-traded fund. The Fund's investment objective is to seek total return. The Fund's investment strategy will have an emphasis on current distributions and dividends paid to shareholders. Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities of companies headquartered or incorporated in the United States and Canada engaged in the energy infrastructure sector. The Fund will invest primarily in publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, pipeline companies, utilities, and other companies that derive at least 50% of their revenues from operating or providing services in support of infrastructure assets such as pipelines, power transmission and petroleum and natural gas storage in the petroleum, natural gas and power generation industries.
There can be no assurance that the Fund's investment objectives will be achieved.
Ticker | EMLP |
Fund Type | Energy |
Investment Advisor | First Trust Advisors L.P. |
Investor Servicing Agent | Bank of New York Mellon |
Portfolio Manager/Sub-Advisor | Energy Income Partners, LLC |
CUSIP | 33738D101 |
ISIN | US33738D1019 |
Intraday NAV | EMLPIV |
Fiscal Year-End | 10/31 |
Exchange | NYSE Arca |
Inception | 6/20/2012 |
Inception Price | $19.99 |
Inception NAV | $19.99 |
Expense Ratio | 0.96% |
Closing NAV1 | $22.31 |
Closing Market Price2 | $22.30 |
Bid/Ask Midpoint | $22.31 |
Bid/Ask Premium | 0.00% |
30-Day Median Bid/Ask Spread3 | 0.05% |
Total Net Assets | $1,831,873,854 |
Outstanding Shares | 82,105,000 |
Daily Volume | 339,140 |
Average 30-Day Daily Volume | 657,039 |
Closing Market Price 52-Week High/Low | $26.37 / $14.87 |
Closing NAV 52-Week High/Low | $26.39 / $14.91 |
Number of Holdings (excluding cash) | 53 |
Holding |
Percent |
NextEra Energy Partners, LP |
8.22% |
Magellan Midstream Partners, L.P. |
7.75% |
Enterprise Products Partners L.P. |
6.91% |
Public Service Enterprise Group Incorporated |
5.38% |
TC Pipelines, LP |
4.83% |
Sempra Energy |
3.90% |
NextEra Energy, Inc. |
3.76% |
TC Energy Corporation |
3.48% |
Plains GP Holdings, L.P. (Class A) |
3.31% |
IDACORP, Inc. |
3.22% |
* Excluding cash.
Holdings are subject to change.
Past performance is not indicative of future results.
Among 87 funds in the Energy Limited Partnership category. This fund was rated 5 stars/87 funds (3 years), 5 stars/74 funds (5 years) based on risk adjusted returns.
Maximum Market Cap. | $151,143 |
Median Market Cap. | $17,059 |
Minimum Market Cap. | $839 |
|
2020 |
Q1 2021 |
Q2 2021 |
Q3 2021 |
Days Traded at Premium |
105 |
4 |
--- |
--- |
Days Traded at Discount |
148 |
6 |
--- |
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Electric Power & Transmission
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42.71%
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Natural Gas Transmission
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27.30%
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Petroleum Product Transmission
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20.75%
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Crude Oil Transmission
|
7.30%
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Propane
|
0.85%
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Marine
|
0.12%
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Standard Deviation |
Alpha |
Beta |
Sharpe Ratio |
Correlation |
EMLP |
21.04% |
-2.28 |
0.73 |
0.00 |
0.97 |
S&P 500 Index |
18.79% |
11.84 |
0.53 |
0.71 |
0.78 |
Blended Benchmark |
27.71% |
--- |
1.00 |
0.11 |
1.00 |
Standard Deviation is a measure of price variability (risk). Alpha is an indication of how much an investment outperforms or underperforms
on a risk-adjusted basis relative to its benchmark.Beta is a measure of price variability relative to the market. Sharpe Ratio is a measure
of excess reward per unit of volatility. Correlation is a measure of the similarity of performance.
S&P 500 Index - The Index is an unmanaged index of 500 stocks used to measure large-cap U.S. stock market performance. Blended Benchmark - The Benchmark consists of the following two indexes: 50% of the PHLX Utility Sector Index which is a market capitalization-weighted index composed of geographically diverse public U.S. utility stocks; and 50% of the Alerian MLP Total Return Index which is a float-adjusted, capitalization-weighted composite of the 50 most prominent energy Master Limited Partnerships (MLPs). The Blended Benchmark returns are calculated by using the monthly return of the two indices during each period shown above. At the beginning of each month the two indices are rebalanced to a 50-50 ratio to account for divergence from that ratio that occurred during the course of each month. The monthly returns are then compounded for each period shown above, giving the performance for the Blended Benchmark for each period shown above.
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The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
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