ATLASFirst Trust North American Energy Infrastructure Fund (EMLP): outlook, holdings and fees
First Trust North American Energy Infrastructure Fund (EMLP) is an exchange-traded fund and is managed by First Trust. The expense ratio is 0.98% and the yield is 3.03%. The ten largest holdings are 37% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on EMLP
| Last price | $44.62 (0.0%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $43.84 – $45.88 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 3.03% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
EMLP fund facts
| Issuer | First Trust |
|---|---|
| Theme | Energy |
| Assets under management | $4.1B |
| Expense ratio | 0.98% |
| Number of holdings | 47 |
| Portfolio turnover | 33% |
| Inception | Jun 20, 2012 |
| Exchange | NYSE |
The fund invests at least 80% of its net assets in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include U.S. and Canadian natural gas and electric utilities, corporations operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded MLPs, MLP affiliates and energy infrastructure companies. It is non-diversified.
EMLP top holdings
| Holding | Sector | Weight |
|---|---|---|
| Enterprise Products Partners LP EPD | Energy | 8.46% |
| MPLX LP MPLX | Energy | 4.12% |
| Plains GP Holdings LP PAGP | Energy | 4.03% |
| Kinder Morgan Inc KMI | Energy | 3.97% |
| National Fuel Gas Company NFG | Energy | 3.73% |
| PPL Corporation PPL | Utilities | 2.79% |
| Southern Company SO | Utilities | 2.93% |
| Duke Energy Corporation DUK | Utilities | 2.62% |
| American Electric Power Co Inc AEP | Utilities | 2.25% |
| Entergy Corporation ETR | Utilities | 2.28% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
EMLP sector breakdown
| Sector | Weight |
|---|---|
| Utilities | 51.3% |
| Energy | 44.0% |
| Industrials | 4.1% |
| Basic Materials | 0.6% |
By region: North America 99.4%, Europe Developed 0.6%.
EMLP returns and risk
| Year to date | +14.3% |
|---|---|
| 1 year | +15.3% |
| 3 years (annualised) | +21.9% |
| 5 years (annualised) | +15.7% |
| 10 years (annualised) | +9.2% |
| Volatility (3 years) | 12.4% |
| Sharpe ratio (3 years) | 1.13 |
Past returns do not guarantee future results.
EMLP: frequently asked questions
What does EMLP invest in?
First Trust North American Energy Infrastructure Fund invests in a portfolio of securities. Its largest holdings are Enterprise Products Partners LP (8.5%), MPLX LP (4.1%), Plains GP Holdings LP (4.0%), Kinder Morgan Inc (4.0%), National Fuel Gas Company (3.7%).
What is the EMLP expense ratio?
0.98% a year: about $98.00 for every $10,000 invested.
What is the EMLP dividend yield?
3.03%. ATLAS does not hold the exact distribution dates for ETFs.
Will EMLP go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $43.84 to $45.88 from $44.62 today. It is a probability, not a prediction.
How has EMLP performed?
Year to date +14.3%, one year +15.3%, three years +21.9% a year, five years +15.7% a year. Past returns do not guarantee future results.
Similar ETFs: Energy
Educational information, not investment advice. Disclaimer