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About First Trust North American Energy Infrastructure Fund
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Inception date
Jun 21, 2012
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
First Trust Advisors LP
Distributor
First Trust Portfolios LP
EMLP is one of the actively-managed ETPs in the MLP segment. While other MLP funds 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 adds complexity to its portfolio: some underlying MLPs make distributions in shares rather than cash, which may explain the fund's lower yield.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Industrial Services
Utilities
Stocks94.21%
Industrial Services43.01%
Utilities42.14%
Energy Minerals4.48%
Distribution Services3.24%
Process Industries0.81%
Producer Manufacturing0.53%
Bonds, Cash & Other5.79%
Mutual fund5.77%
Cash0.02%
Stock breakdown by region
North America99.20%
Europe0.80%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history