First Trust North American Energy Infrastructure Fund (EMLP) is a energy sector ETF. As of October 28, 2026, ETF Copilot scores EMLP 5.0 out of 10 — highest on Risk (9.4), lowest on Growth (0.8). It trades at 17.2 times earnings, against its own median of 17.1. Its ten largest holdings are 44% of the fund.
What stands out in EMLP's data
North American energy infrastructure, from pipelines to utilities.
Trades at a richer price than most energy peers — you pay more for the same earnings.
Its trailing EBITDA multiple of 10.8x sits above the category median of 8.9x. The fund charges 0.9% in expenses and earns 8.5% on invested capital, below the 12.8% category norm.
A portfolio's energy-infrastructure sleeve, built on fee-based pipelines and utilities.
Why did EMLP move this week? It rose 1.7% in the week to October 28, 2026 — Enterprise Products Partners and Energy Transfer Equity drove it
EMLP rose 1.7% in the week to October 28, 2026. The holdings that moved it most were Enterprise Products Partners (+4.0%), Energy Transfer Equity (+2.4%) and Plains GP (+2.4%); Kinder Morgan (−1.2%) pushed the other way.
How is EMLP rated? ETF Copilot scores First Trust North American Energy Infrastructure Fund (EMLP) 5.0 out of 10
As of October 28, 2026, ETF Copilot scores First Trust North American Energy Infrastructure Fund (EMLP) 5.0 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.0 / 10
- Growth: 0.8 / 10
- Value: 6.3 / 10
- Risk: 9.4 / 10
- Quality: 3.5 / 10
- Return: 6.4 / 10
Is EMLP expensive right now? It trades at 17.2 times earnings, against its own median of 17.1
As of October 28, 2026, EMLP is more expensive than 56% of its own last 9 years.
Trailing 12 months, built from EMLP's holdings. How we calculate this →
What's inside EMLP?
What's inside EMLP: Size (Large 57%, Mid 37%, Small 6%); Geography (International 3%, US 97%); Tech 1.2%.
What are EMLP's top holdings? The ten largest are 44% of the fund
Enterprise Products Partners, Energy Transfer, Mplx, Plains GP, Kinder Morgan, National Fuel GAS, PPL, Duke Energy, American Electric Power and ONEOK are EMLP's largest holdings, in that order.
Less concentrated than 85% of Energy ETFs.
Half of EMLP's weight sits in its 13 largest positions, and once those weights are taken into account it behaves like 32 equally weighted holdings.
What is EMLP's expense ratio? 0.95% a year
As of October 28, 2026, EMLP charges 0.95% a year, yields 2.79% and holds $4.2B in assets across 60 positions.
| Measure | EMLP |
|---|---|
| Expense ratio | 0.95% |
| Dividend yield | 2.79% |
| Assets under management | $4.2B |
| Holdings | 60 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “First Trust North American Energy Infrastructure Fund (EMLP) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/emlp
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