EMLP vs. IQRA ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF (IQRA)

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

$37.72

Average Daily Volume

159,650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IQRA

IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF

IQRA Description

The fund will normally invest at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by real assets companies. Under normal circumstances, the fund invests primarily in common stock, but may also invest in other equity securities including preferred stock, convertible securities, rights or warrants to buy common stocks, master limited partnerships ("MLPs"), and depositary receipts with characteristics similar to common stock.

Grade (RS Rating)

Last Trade

$27.36

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	IQRA
30 Days	9.81%	-0.76%
60 Days	11.92%	-2.13%
90 Days	16.23%	1.59%
12 Months	42.01%	21.02%

18 Overlapping Holdings

Symbol	Grade	Weight in EMLP	Weight in IQRA	Overlap
AEE	A	0.28%	0.53%	0.28%
AES	F	1.46%	0.71%	0.71%
ATO	A	1.61%	1.03%	1.03%
CEG	D	0.26%	0.47%	0.26%
CMS	C	0.97%	0.93%	0.93%
CNP	B	0.81%	0.69%	0.69%
CPK	A	0.24%	0.65%	0.24%
DTE	C	1.22%	0.77%	0.77%
EVRG	A	0.82%	0.76%	0.76%
KMI	A	4.87%	0.36%	0.36%
NEE	D	0.46%	2.13%	0.46%
PAGP	A	4.53%	0.95%	0.95%
PPL	B	2.43%	1.61%	1.61%
SRE	A	4.15%	0.78%	0.78%
TRGP	B	3.47%	3.45%	3.45%
WEC	A	1.01%	2.67%	1.01%
WTRG	B	0.51%	0.85%	0.51%
XEL	A	1.15%	0.93%	0.93%

EMLP Overweight 33 Positions Relative to IQRA

Symbol	Grade	Weight
EPD	A	8.77%
ET	A	7.17%
OKE	A	5.41%
DTM	B	4.56%
MPLX	A	3.98%
NFG	A	2.89%
WMB	A	2.46%
PEG	A	2.29%
AEP	D	2.27%
PWR	A	2.24%
LNG	B	1.6%
LNT	A	1.43%
VST	B	1.34%
ETR	B	1.28%
SUN	B	1.24%
FLR	B	1.14%
CQP	B	1.05%
OGS	A	1.02%
D	C	0.76%
WLKP	A	0.76%
DUK	C	0.69%
HESM	B	0.62%
NEP	F	0.58%
AROC	B	0.57%
IDA	A	0.52%
CWEN	C	0.52%
SO	D	0.45%
NJR	A	0.44%
USAC	B	0.11%
EXC	C	0.09%
UGI	A	0.08%
AWK	D	0.05%
ENLC	A	0.0%

EMLP Underweight 29 Positions Relative to IQRA

Symbol	Grade	Weight
SPG	B	-5.27%
O	D	-3.8%
EQIX	A	-3.71%
CSX	B	-2.65%
SUI	D	-2.14%
WELL	A	-2.07%
AMT	D	-2.01%
PCG	A	-1.56%
HST	C	-1.5%
REG	B	-1.32%
CUBE	D	-1.31%
DLR	B	-1.21%
ADC	B	-1.03%
UE	C	-1.02%
EXR	D	-1.01%
COLD	D	-1.01%
IRM	D	-0.91%
ESRT	C	-0.88%
REXR	F	-0.84%
OGE	B	-0.83%
CNI	D	-0.8%
NSC	B	-0.73%
INVH	D	-0.73%
VICI	C	-0.67%
BRX	A	-0.63%
PSA	D	-0.51%
FCPT	C	-0.43%
ALE	A	-0.41%
POR	C	-0.33%