EMLP vs. VRAI ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to Virtus Real Asset Income ETF (VRAI)

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

$33.93

Average Daily Volume

172,086

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VRAI

Virtus Real Asset Income ETF

VRAI Description

The investment seeks investment results that correspond the price and yield performance of the Indxx Real Asset Income Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC, the index provider of the underlying index. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts and global depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.63

Average Daily Volume

872

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	VRAI
30 Days	3.60%	1.21%
60 Days	8.15%	4.68%
90 Days	11.79%	6.93%
12 Months	36.55%	22.05%

10 Overlapping Holdings

Symbol	Grade	Weight in EMLP	Weight in VRAI	Overlap
AEP	C	2.37%	1.17%	1.17%
CMS	A	1.26%	1.2%	1.2%
CWEN	C	0.55%	1.18%	0.55%
HESM	D	0.67%	1.0%	0.67%
LNT	A	1.73%	1.2%	1.2%
NEP	D	0.8%	1.0%	0.8%
NJR	C	0.47%	1.13%	0.47%
OGS	C	1.12%	1.24%	1.12%
PAGP	D	4.74%	1.06%	1.06%
WEC	A	1.36%	1.22%	1.22%

EMLP Overweight 40 Positions Relative to VRAI

Symbol	Grade	Weight
EPD	A	8.25%
ET	C	6.78%
OKE	B	5.31%
KMI	A	4.63%
SRE	A	4.07%
DTM	A	4.07%
MPLX	A	3.87%
TRGP	B	3.22%
NFG	A	3.02%
PEG	A	2.77%
PPL	A	2.54%
PWR	B	2.29%
WMB	A	2.18%
ATO	A	1.75%
LNG	A	1.47%
ETR	A	1.4%
XEL	A	1.23%
EVRG	C	1.21%
VST	A	1.16%
SUN	D	1.16%
AES	B	1.15%
DTE	A	1.14%
FLR	D	1.08%
CQP	F	0.84%
WLKP	C	0.81%
DUK	A	0.77%
CNP	B	0.64%
WTRG	D	0.61%
AROC	B	0.55%
D	A	0.53%
SO	A	0.5%
IDA	C	0.49%
CEG	B	0.32%
AEE	A	0.28%
CPK	C	0.25%
USAC	D	0.12%
EXC	A	0.11%
UGI	C	0.08%
AWK	B	0.06%
ENLC	A	0.0%

EMLP Underweight 69 Positions Relative to VRAI

Symbol	Grade	Weight
CCOI	B	-1.46%
OUT	C	-1.38%
FDP	C	-1.36%
ROIC	C	-1.29%
IIPR	C	-1.28%
EPRT	C	-1.28%
AAT	C	-1.26%
BRX	C	-1.25%
PSA	C	-1.25%
KIM	C	-1.24%
SKT	A	-1.24%
ADC	B	-1.24%
BNL	C	-1.23%
NI	A	-1.23%
KT	C	-1.22%
CCI	C	-1.22%
AMT	C	-1.22%
FR	C	-1.21%
PNM	B	-1.21%
EPR	C	-1.21%
CUBE	C	-1.2%
TRNO	D	-1.19%
ORAN	D	-1.18%
REG	C	-1.18%
IVT	C	-1.18%
REXR	D	-1.17%
CIG	B	-1.17%
AVA	D	-1.16%
EGP	D	-1.16%
MAA	C	-1.16%
CPT	C	-1.16%
ES	C	-1.16%
NSA	C	-1.14%
EXR	C	-1.14%
GGB	B	-1.13%
RHP	C	-1.13%
GFI	B	-1.13%
SCCO	B	-1.12%
NRP	B	-1.11%
VALE	B	-1.07%
SPOK	D	-1.07%
APLE	D	-1.06%
PBR	D	-1.06%
SID	D	-1.05%
PAA	D	-1.04%
ARLP	A	-1.04%
HST	D	-1.03%
TS	D	-1.02%
ENIC	D	-1.01%
INVH	D	-1.01%
EOG	B	-1.01%
WES	D	-1.01%
SBSW	D	-0.99%
DMLP	B	-0.98%
KRP	B	-0.98%
SBR	D	-0.96%
BSM	B	-0.96%
COP	D	-0.94%
FANG	D	-0.9%
EQNR	D	-0.9%
CTRA	D	-0.88%
APA	F	-0.84%
DVN	F	-0.84%
OVV	F	-0.81%
BRY	F	-0.79%
PTEN	F	-0.77%
GPRK	F	-0.77%
EC	F	-0.74%
NFE	F	-0.42%