Investors have allocated $158.4 million to EMLP this year, turning the fund, which debuted in June 2012, into a $1.1 billion ETF. That is enough to make EMLP one of the largest actively managed ETFs in the U.S. [Considering a Fast-Growing MLP ETF]
“The fund also looks beyond MLPs to utility companies and even real estate investment trusts (REITs) that provide energy infrastructure. That’s markedly different from “pure play” MLP ETFs, which may have no exposure to sectors such as utilities or real estate,” according to IBD.
Although it is not a pure play MLP ETF, EMLP still offers investors a strong dividend yield with a trailing 12-month distribution rate of 3.12%.
Top 10 holdings include Kinder Morgan (NYSE: KMI), Enbridge Energy Management (NYSE: EEQ) and the Williams Cos. (NYSE: WMB). Those stocks combine for almost 20% of EMLP’s weight. The average yield on Kinder Morgan and Williams is 4.5%.
First Trust North American Energy Infrastructure Fund