First TrustThematicInfrastructure#49 of 189 by YTD

First Trust North American Energy Infrastructure FundEMLP

S&P 500 Bucket avg Compare

$43.43+1.0%

+$0.42 · Nov 9 close

Buy

AUM: $4.1B
Fee: 0.95%
Yield: 2.8%

Bumpy · 1Y: 0.8×S&P
Volume: 209K
NAV: $43.01

What's insideAll 61 →

EPD 9.0%ET 7.2%MPLX 4.4%PAGP 3.5%

52-week range4% below the high

$37.41$45.23

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+1.0%	−2.2%	+2.5%	0.0%	+17.2%	+18.4%	+75.7%	+102.8%	+269.9%
Peer average	+2.1%	−0.6%	+0.7%	−3.2%	+12.4%	+13.3%	+65.3%	+71.8%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

EMLP in One Breath

EMLP Among Infrastructure ETFs

YTD

#1NBETNeuberger Berman+23.4%$52.5M

#2IDGTiShares+22.0%$361M

#3PIPEInvesco+21.3%$60.1M

#4ENFRALPS+21.2%$508M

#5DTCRGlobal X+21.0%$1.9B

#6USNGAmplify+19.6%$9.4M

#7USAIPacer+19.3%$119M

#8MLPXGlobal X+19.3%$3.4B

#9EMLPFirst Trust+17.2%$4.1B

End-of-day Nov 9, 2026 · 30 Infrastructure ETFs by YTD

$10,000 in EMLP

$10,000 in EMLP became

$20,285

In the S&P 500 (VOO)

$17,543

Total return, dividends in · Nov 1, 2021 – Nov 9, 2026 · S&P 500 uses VOO

EMLP’s Top Holdings

Today

EPDEnterprise Products Partners L.P9.0%ET7.2%MPLX4.4%PAGP3.5%KMI3.5%NFG3.3%PPL2.8%ETR2.5%OGS2.3%DUK2.2%OKE2.2%AEP2.0%CMS2.0%SRE1.9%PEG1.8%XEL1.7%SO1.7%EVRG1.7%LNG1.6%DTE1.6%OGECNP37 more

EPD9.0%ET7.2%MPLX4.4%PAGP3.5%KMI3.5%NFG3.3%PPL2.8%ETR2.5%OGSDUKOKEAEP47 more

UtilitiesEnergy

First Trust EMLP · 59 holdings · tile size = share of the fund · as of Nov 9, 2026

What EMLP Holds

Today

Utilities48.7%

PPL 2.8 · ETR 2.5 · OGS 2.3 · DUK 2.2 · AEP 2.0 · CMS 2.0 · SRE 1.9

Energy46.4%

EPD 9.0 · ET 7.2 · MPLX 4.4 · PAGP 3.5 · KMI 3.5 · NFG 3.3 · OKE 2.2

Industrials4.3%

TTEK 1.1 · J 1.0 · GNRC · MTZ · CMI · PWR

Basic Materials0.6%

WLKP

First Trust EMLP · share of the fund by sector · as of Nov 9, 2026

Enterprise’s Share of EMLP

Today

9.0%

$90 of every $1,000 in EMLP is Enterprise

Enterprise held by EMLP

$372M

Most Enterprise per dollar

MLPA14.3%

AMLP13.0%

AMZA12.3%

EMLP9.0%

First Trust EMLP · each square = $10 of $1,000 · as of Nov 9, 2026

EMLP’s Share of Infrastructure ETFs

Today

7.5%

of the $55.1B in 39 Infrastructure ETFs

EMLP$4.1B7.5%

PAVE$13.0B23.5%

IGF$10.8B19.6%

36 others$27.2B49.4%

Infrastructure ETF AUM · Nov 9, 2026

EMLP Fee per $100 vs Peers

Today

$0.95a year
per $100

$95 a year on $10,000

IFRA$0.30

IGF$0.37

MLPX$0.45

PAVE$0.47

GRID$0.56

EMLP$0.95

Expense ratio · Infrastructure peers · Nov 9, 2026

Inside EMLP

59 holdings · as of Nov 9, 2026

EMLP

First Trust North American Energy Infrastructure Fund

Today

#	Ticker	Company	Weight ▼
1	EPD	Enterprise Products Partners L.P	9.04%
2	ET	Energy Transfer LP	7.20%
3	MPLX	MPLX LP	4.45%
4	PAGP	Plains GP L.P. ()	3.55%
5	KMI	Kinder Morgan	3.53%
6	NFG	National Fuel Gas Company	3.35%
7	PPL	PPL	2.81%
8	ETR	Entergy	2.46%
9	OGS	ONE Gas	2.31%
10	DUK	Duke Energy	2.19%

See all 61 holdings ↓

UtilitiesEnergyIndustrialsBasic Materials

First Trust EMLP · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 59.2%

All EMLP Holdings

61 holdings · as of Nov 9, 2026

EMLP

EMLP’s Holdings

Today

#
1	EPDEnterprise Products Partners L.P	Energy	9.04%	$904.31	10.0M	$371.4M
2	—US Dollar	—	8.47%	$846.51	347.7M	$347.7M
3	ETEnergy Transfer LP	Energy	7.20%	$720.49	15.6M	$295.9M
4	MPLXMPLX LP	Energy	4.45%	$444.86	3.3M	$182.7M
5	PAGPPlains GP L.P. ()	Energy	3.55%	$354.72	5.7M	$145.7M
6	KMIKinder Morgan	Energy	3.53%	$353.18	4.8M	$145.1M
7	NFGNational Fuel Gas Company	Energy	3.35%	$334.51	1.9M	$137.4M
8	PPLPPL	Utilities	2.81%	$280.87	3.2M	$115.4M
9	ETREntergy	Utilities	2.46%	$245.74	913K	$100.9M
10	OGSONE Gas	Utilities	2.31%	$231.37	1.2M	$95.0M
11	DUKDuke Energy	Utilities	2.19%	$218.95	704K	$89.9M
12	OKEOneok	Energy	2.16%	$215.74	1.0M	$88.6M
13	AEPAmerican Electric Power Company	Utilities	2.01%	$200.81	652K	$82.5M
14	CMSCMS Energy	Utilities	1.97%	$197.39	1.2M	$81.1M
15	SRESempra	Utilities	1.93%	$192.50	1.0M	$79.1M

First Trust EMLP · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

EMLP

First Trust North American Energy Infrastructure Fund’s Peers

Today


PAVE	Global XRead Desk	0.47%	+4.3%	+12.8%	$13.0B
IGF	iSharesRead Desk	0.37%	+2.2%	+12.2%	$10.8B
GRID	First TrustRead Desk	0.56%	+4.4%	+4.6%	$10.4B
EMLP	First TrustThis fundRead Desk	0.95%	+1.0%	+18.4%	$4.1B
IFRA	iSharesRead Desk	0.30%	+3.1%	+12.7%	$3.9B
MLPX	Global XRead Desk	0.45%	+1.2%	+24.6%	$3.4B

Infrastructure peers · Today’s and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put EMLP head to head with PAVE →

PAVE vs EMLP

YTD

PAVEGlobal X · InfrastructureEMLPFirst Trust · Infrastructure

Year to date

+11.8%

+17.2%

EMLP wins+5.4 pts

Past year

+12.8%

+18.4%

EMLP wins+5.6 pts

Fee

0.47%

0.95%

PAVE winslower fee

Yield

0.8%

2.8%

EMLP wins+2.0 pts

AUM

$13.0B

$4.1B

PAVE3.1× more

3–1EMLP wins

Global X PAVE and First Trust EMLP · year-to-date · as of Nov 10, 2026 · AUM not scored

Infrastructure vs Thematic

Average · YTD

PAVE

+11.8%

EMLP

+17.2%

Thematic average

+6.9%

PAVE, EMLP and the average thematic ETF · Today return · as of Nov 10, 2026

EMLP vs VOO

YTD

EMLP · First Trust North American Energy Infrastructure Fund

+17.2%

VOO · S&P 500

+11.3%

Gap

5.9 pts

First Trust EMLP and Vanguard VOO · Today total return · as of Nov 10, 2026

EMLP vs Its Peer Average

YTD

EMLPAvsBPeer average

1D+1.0%+2.1%

1M+2.5%+0.7%

3M0.0%−3.2%

YTD+17.2%+12.4%

1Y+18.4%+13.3%

3Y+75.7%+65.3%

5Y+102.8%+71.8%

6–1EMLP wins

38 Infrastructure peers · each row scaled to its leader

How Bumpy Is EMLP?

View

EMLP

How Bumpy

0.8×the S&P 500’s swings

CalmerBumpierS&P 1×EMLP

Calm rank among 7 infrastructure funds#2

Other infrastructure funds0.8× to 1.9×

First Trust EMLP · daily swings over the past year vs the S&P 500

EMLP

Worst Drop

−7.9%from its Jul 23 high

Still below the high−2.7%

$10,000 at the high is now$9,730

First Trust EMLP · fall from the highest close, past year

EMLP

On a Bad Day

−0.2×rose, on average, when the S&P 500 fell

EMLP’s worst day: Wednesday, May 6

EMLP

−1.7%

S&P 500

1.4%

Up days53 of every 100

S&P 500 up days52 of every 100

First Trust EMLP · average move on days the S&P 500 fell

EMLP

Return for the Bumps

1Y#1 of 7 infrastructure funds

#1EMLPFirst Trust

most for the bumps

#2MLPXGlobal X

#3IGFiShares

#4NFRAFlexShares

calmest ride

#5IFRAiShares

#6PAVEGlobal X

#7GRIDFirst Trust

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

EMLP

Cost

Today

$95a year per $10,000

IFRA

$30

IGF

$37

MLPX

$45

PAVE

$47

NFRA

$48

GRID

$56

EMLP

$95

Expense ratio 0.95%, taken from the fund’s value

EMLP

Volatility & Beta

11.2%annual volatility

S&P 500 volatility13.7%

Downside volatility7.2%

Beta vs SPY−0.01

Correlation vs SPY−0.02

Beta rank, lowest first, of 7#2

Daily total returns × √252 · past 254 trading days

EMLP

Max Drawdown

−7.9%peak to trough

Peak closeJul 23, 2026

Current drawdown−2.7%

Worst day−1.67% · May 6

Closing prices, dividends in

EMLP

Up / Down Capture

−18%down capture vs SPY

Down days

−18%

Up days

S&P 500

100%

Up ÷ down capture[…]

Up days52.8% (S&P 52.4%)

Average daily move on SPY up days and down days

EMLP

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
EMLP	1.41	2.20	11.2%	−7.9%	−0.01	$95
MLPX	1.27	1.90	17.9%	−10.0%	−0.13	$45
IGF	0.76	1.14	11.5%	−10.4%	0.36	$37
NFRA	0.71	1.04	11.2%	−7.3%	0.41	$48
IFRA	0.54	0.80	15.8%	−13.7%	0.63	$30
PAVE	0.42	0.60	21.8%	−15.3%	1.12	$47
GRID	0.05	0.07	26.2%	−23.5%	1.47	$56

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

EMLP

Trading

Today

[…]premium / discount: the NAV on file is from an earlier day

Close$43.43

NAV$43.01

Fee per $10,000$95 a year

Avg. volume 30D346K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

EMLP

Fund Facts

Today

2012launched Jun 20

Tracks[…]

Exchange · CUSIPAMEX · 33738D101

StructureETF

Leverage1x

Cost on $10,000$95 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

First Trust EMLP · fund facts · as of Nov 10, 2026

EMLP

Payouts by Year

13Y

$0.32per share, Sep 2026

Distribution yield2.8%

PaidEvery quarter

Latest ex-date · paidSep 24 · Sep 30, 2026

12 payouts added up$3.52 a share

First Trust EMLP · distributions by ex-date · 2014–2026

All Fund FactsDocuments · trading · fees · every payout

Trading & Liquidity

Net asset value$43.01

Premium / discount[…]

Median spread · 30D[…]

Volume today209K

Average volume · 30D346K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.95%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$95.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 24, 2026	Sep 30, 2026	$0.32
Jun 25, 2026	Jun 30, 2026	$0.31
Mar 26, 2026	Mar 31, 2026	$0.30
Dec 12, 2025	Dec 31, 2025	$0.29
Sep 25, 2025	Sep 30, 2025	$0.31
Jun 26, 2025	Jun 30, 2025	$0.30
Mar 27, 2025	Mar 31, 2025	$0.30
Dec 13, 2024	Dec 31, 2024	$0.27
Sep 26, 2024	Sep 30, 2024	$0.30
Jun 27, 2024	Jun 28, 2024	$0.31
Mar 21, 2024	Mar 28, 2024	$0.26
Dec 22, 2023	Dec 29, 2023	$0.24

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First Trust North American Energy Infrastructure FundEMLP

EMLP in One Breath

Inside EMLP

All EMLP Holdings

How It Compares

Head to Head

How Bumpy Is EMLP?

The Details

Prospectus & Documents

Trading & Liquidity

Fees & Costs

Distributions