ALPS has already had success with MLP ETFs. The ALPS Alerian MLP (NYSEArca: AMLP) debuted just over three years ago and now has almost $7 billion in assets under management, making it the largest MLP ETF.

“The Alerian Energy Infrastructure ETF is a product that will allow investors to access 30 core companies that transport, store, and process energy resources across North America,” said Kenny Feng, Alerian’s President and CEO, in the statement. “We believe these companies will be instrumental in the energy infrastructure build out necessary to achieve energy independence by 2030.”

ENFR’s underlying index is home to 30 companies with the top-10 holdings combining for 43.4% of the index’s weight. The index has a correlation of 0.59 to the S&P 500, according to issuer data. The new ETF has an annual expense ratio of 0.65%.

Top-10 holdings in the new ETF include Enbridge (NYSE: ENB), TransCanada (NYSE: TRP), Williams Cos. (NYSE: WMB) and Magellan Midstream Partners (NYSE: MMP).