Is EMLP a good investment?

First Trust North American Energy Infrastructure Fund (EMLP) is a energy sector ETF. As of September 11, 2026, ETF Copilot scores EMLP 4.8 out of 10 — highest on Valuation (6.4), lowest on Growth (2.2). It trades at 17.1 times earnings, against its own median of 16.5. Its ten largest holdings are 49% of the fund.

Updated September 11, 2026

How is EMLP rated? ETF Copilot scores First Trust North American Energy Infrastructure Fund (EMLP) 4.8 out of 10

As of September 11, 2026, ETF Copilot scores First Trust North American Energy Infrastructure Fund (EMLP) 4.8 out of 10 overall.

ETF Copilot scores (0–10 scale, higher is better):

Overall: 4.8 / 10
Growth: 2.2 / 10
Valuation: 6.4 / 10
Risk: 6.4 / 10
Quality: 3.5 / 10
Return: 6.2 / 10

What is EMLP's expense ratio? 0.95% a year

As of September 11, 2026, EMLP charges 0.95% a year, yields 4.10% and holds $4.2B in assets across 58 positions.

First Trust North American Energy Infrastructure Fund (EMLP) — cost, income and size
Measure	EMLP
Expense ratio	0.95%
Dividend yield	4.10%
Assets under management	$4.2B
Holdings	58

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.

What stands out in EMLP's data

North American energy infrastructure, from pipelines to utilities.

Pays a higher price for each dollar of earnings than most energy-infrastructure peers.

Its trailing EBITDA multiple of 10.7x sits above the peer median of 8.3x. Return on invested capital of 8.7% trails the typical peer, and the expense ratio is 0.9%.

A portfolio's energy-infrastructure sleeve, built on fee-based pipelines and utilities.

Why did EMLP move this week? It fell 1.0% in the week to September 11, 2026 — National Fuel GAS and ONE GAS drove it

EMLP fell 1.0% in the week to September 11, 2026. The holdings that moved it most were National Fuel GAS (−3.0%), ONE GAS (−4.0%) and Kinder Morgan (−2.3%); Sunoco (+5.0%) pushed the other way.

Is EMLP expensive right now? It trades at 17.1 times earnings, against its own median of 16.5

As of September 11, 2026, EMLP is more expensive than 62% of its own 114 monthly readings since 2017 — 71 of those months were cheaper than today.

Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.

What's inside EMLP?

What's inside EMLP: Size (Large 59%, Mid 35%, Small 6%); Geography (International 3%, US 97%); Tech 1.1%.

What are EMLP's top holdings? The ten largest are 49% of the fund

Less concentrated than 70% of Energy ETFs.

Half of EMLP's weight sits in its 11 largest positions, and once those weights are taken into account it behaves like 27 equally weighted holdings.

Cite this

ETF Copilot, “First Trust North American Energy Infrastructure Fund (EMLP) scores and holdings analysis”, as of September 11, 2026.
https://etf-copilot.com/etf/emlp