EMLPFirst Trust North American Energy Infrastructure Fund
EMLP Fund Description
The First Trust North American Energy Infrastructure ETF is an actively managed fund that invests in North American energy infrastructure MLPs and LLCs.
EMLP Factset Analytics Insight
EMLP is one of the very few actively-managed ETPs in the MLP segment. While AMLP others are structured as C-corporations to circumvent the rule that open-ended funds can't hold more than 25% of their portfolios in MLPs, EMLP is structured as a traditional 1940 Act fund. To maintain that structure, the issuer has extended the universe to include pipelines and utilities structured as C-corporations, Canadian firms that used to be royalty trusts, and unique institutional MLP shares issued by MLP affiliates. It's therefore not a pure MLP play, and skews quite a bit from our benchmark with a complex portfolio: some underlying MLPs make distributions in shares rather than cash, which may explain the fund's lower yield. The fund sees robust daily volume in trading with narrow spreads, and underlying liquidity is sufficient. EMLP charges a high fee, but is in line with other actively-managed funds.
EMLP MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of June 18, 2018 the First Trust North American Energy Infrastructure Fund MSCI ESG Fund Quality Score is 5.46 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. EMLP ranks in the 86th percentile within its peer group and in the 51st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
EMLP CHARTS AND PERFORMANCE
EMLP Top 10 Countries
EMLP Top 10 Sectors
EMLP Top 10 Holdings [View All]
EMLP Summary Data
EMLP Portfolio Data
EMLP Index Data
EMLP Portfolio Management
EMLP Tax Exposures
EMLP Fund Structure
EMLP Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EMLP. EMLP is rated a 5 out of 5.
EMLP Sector/Industry Breakdown
EMLP TOP 10 HOLDINGS[View All]
EMLP Economic Development
EMLP Performance Statistics
EMLP MSCI ESG Ratings
EMLP BENCHMARK COMPARISON SUMMARY
EMLP BENCHMARK COMPARISON MARKET CAP SIZE