First Trust North American Energy Infrastructure Fund
Actively managed U.S. stock ETF
As of its 2026 Q2 report, First Trust North American Energy Infrastructure Fund held 64 positions with $4.07B in net assets. Its ten largest holdings made up 44.1% of the fund. The EMLP share class costs 0.95% a year. Over the 12 months to May 2026, EMLP returned 19.9%, with dividends reinvested. In 2026 Q3 it added 1 new positions and exited 8.
The First Trust North American Energy Infrastructure Funds (the Fund ) investment objective is to seek total return.
The fund invests at least 80% of its net assets in equity securities of energy infrastructure companies—including utilities, pipelines, power transmission assets, and master limited partnerships—selected by its sub-advisor Energy Income Partners for their non-cyclical fee-for-service business models and high dividend payouts; the sub-advisor deliberately avoids cyclical oil and gas exploration and production assets. Because the fund is non-diversified, it may hold significant positions in a small number of issuers or concentrate heavily in particular sectors or jurisdictions, amplifying exposure to those holdings' performance.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
ENERGY TRANSFER LP | 7.49% | $305.13M | 15.1M | $20.19 |
ENTERPRISE PRODUCTS PARTNERS LP | 7.17% | $292.12M | 7.5M | $38.70 |
MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | 7.02% | $285.87M | — | — |
MPLX LP | 4.04% | $164.41M | 2.9M | $56.27 |
PLAINS GP HOLDINGS LP | 3.87% | $157.53M | 6.4M | $24.45 |
3.69% | $150.15M | 4.6M | $32.87 | |
3.25% | $132.23M | 1.6M | $84.38 | |
2.67% | $108.83M | 1.1M | $96.70 | |
PPLPPL CORP | 2.52% | $102.83M | 2.7M | $37.44 |
ETRENTERGY CORP | 2.43% | $98.81M | 838.0K | $117.91 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 64 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 93.11% |
| Cash & short-term | 7.02% |
By sector
- Utilities
- 62.6%
- Energy
- 16.9%
- Cash
- 7.5%
- Industrials
- 4.6%
- 3 other sectors
- 8.4%
- Utilities
- 62.6%
- Energy
- 16.9%
- Cash
- 7.5%
- Industrials
- 4.6%
- Other
- 4.3%
- International
- 3.6%
- Materials
- 0.5%
How it has done
EMLP share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.01%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
First Trust North American Energy Infrastructure Fund is an actively managed U.S. equity ETF.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Non-diversified
- Expense ratio, by class
- 0.95%· EMLP 0.95%
- Portfolio turnover
- 36.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new
8 exited
Understand how this fund fits with the rest.
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