EMLP vs. AMLP ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to Alerian MLP ETF (AMLP)

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$34.23

Average Daily Volume

164,271

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMLP

Alerian MLP ETF

AMLP Description

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index. The index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership ("MLP") asset class. The fund will normally invest at least 90% of its total assets in securities that comprise the index (or depositary receipts based on such securities). It is non-diversified.

Grade (RS Rating)

Last Trade

$47.65

Average Daily Volume

1,401,710

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	AMLP
30 Days	5.25%	2.43%
60 Days	11.72%	6.35%
90 Days	13.15%	0.96%
12 Months	38.19%	24.31%

8 Overlapping Holdings

Symbol	Grade	Weight in EMLP	Weight in AMLP	Overlap
CQP	D	0.85%	4.01%	0.85%
ENLC	A	0.0%	7.71%	0.0%
EPD	A	8.19%	12.49%	8.19%
ET	A	6.72%	12.5%	6.72%
HESM	C	0.66%	6.6%	0.66%
MPLX	B	3.87%	12.88%	3.87%
SUN	D	1.16%	11.59%	1.16%
USAC	D	0.12%	3.27%	0.12%

EMLP Overweight 42 Positions Relative to AMLP

Symbol	Grade	Weight
OKE	A	5.1%
KMI	A	4.63%
PAGP	B	4.59%
SRE	C	4.06%
DTM	A	4.05%
TRGP	A	3.08%
NFG	A	3.01%
PEG	A	2.82%
PPL	C	2.57%
AEP	C	2.38%
PWR	A	2.32%
WMB	A	2.16%
ATO	A	1.78%
LNT	B	1.75%
LNG	A	1.45%
ETR	A	1.42%
WEC	B	1.38%
CMS	A	1.28%
XEL	C	1.27%
VST	A	1.24%
EVRG	C	1.21%
AES	C	1.2%
DTE	B	1.16%
OGS	C	1.13%
FLR	B	1.11%
WLKP	D	0.82%
NEP	D	0.82%
DUK	C	0.76%
CNP	B	0.66%
WTRG	D	0.62%
CWEN	C	0.57%
AROC	B	0.53%
D	A	0.53%
SO	A	0.5%
IDA	D	0.49%
NJR	C	0.47%
CEG	A	0.32%
AEE	A	0.29%
CPK	C	0.25%
EXC	C	0.11%
UGI	C	0.08%
AWK	D	0.06%

EMLP Underweight 6 Positions Relative to AMLP

Symbol	Grade	Weight
PAA	B	-12.41%
WES	B	-12.34%
GEL	D	-2.91%
GLP	B	-2.46%
SPH	D	-2.3%
DKL	B	-1.11%