Summary
First Trust North American Energy Infrastructure Fund is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 60. The ten largest make up 45% of the fund.
- Yearly costs
- 0.95%
- Fund size
- $4.16B
- Positions
- 60
- Dividend yield
- 2.84%
- Running since
- 2012
What speaks for it
- A large fund with $4.16B under management.
- Easy to buy and sell: about $12.0M changes hands a day.
- Average yearly growth over the last ten years: 5.6%.
- It has been running since 2012.
What to watch
- 49% of the fund is in one sector (Utilities).
- 97% of the fund is in one country (United States).
- Costs of 0.95% a year are above the middle of comparable funds (0.44%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +1.2%
- 3 months
- -3.3%
- This year
- +14%
- 1 year
- +13%
- 3 years
- +64%
- 5 years
- +70%
- 10 years
- +73%
- Avg. market cap
- $44.8B
- P/E
- 17.3x
- Forward P/E
- 16.0x
- P/S
- 1.2x
- P/B
- 2.3x
- P/FCF
- 11.3x
- EV/EBITDA
- 10.9x
- Dividend yield
- 3.75%
- ROIC
- 6.9%
- ROE
- 18.0%
- Gross margin
- 42.8%
- Operating margin
- 23.4%
- Net margin
- 15.3%
- Payout ratio
- 64.8%
- Net debt/EBITDA
- 4.5x
- Beta
- 0.36
Weighted average of the 50 largest companies, which make up 85% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 EPEnterprise Products Partners L.P. EPD 8.6%
- 2 Energy Transfer LP 7.4%
- 3 US Dollar 4.5%
- 4 MPMPLX LP MPLX 4.3%
- 5 KMKinder Morgan KMI 4.0%
- 6 PAPlains GP Holdings, L.P. PAGP 4.0%
- 7 NFNational Fuel Gas Company NFG 3.9%
- 8 SOThe Southern Company SO 2.9%
- 9 PPPPL Corporation PPL 2.9%
- 10 DUDuke Energy Corporation DUK 2.6%
Positions in the fund: 60. The ten largest make up 45% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Utilities 49%
- Energy 46%
- Industrials 3.9%
- Basic materials 0.6%
By country
- United States 97%
- Canada 2.9%
- Spain 0.3%
- Italy 0.2%
By company size
- Large cap 77%
- Mid cap 23%
- Small cap 0.6%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 86% of the fund.
Largest sector: Utilities (49%). Largest country: United States (97%). Largest size group: Large cap (77%).
What does it cost me?
Expensive- A year from $10,000
- $95.00
- Over 20 years
- $4,410
From every $10,000 invested the fund takes $95.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $4,410.
How has it done?
Growing over the long run- A year on average, 10 years
- +5.6%
- Deepest drop
- -15%
- Yearly volatility
- 11%
Average yearly growth over the last ten years: 5.6%. Deepest drop in these years: 15% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 2.84%
- Payments a year
- 4
- Last payment
- $0.32
Over the last 12 months it paid $1.23 per share, which is 2.84% of today's price. The last payment was $0.32 on Sep 24, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $12.0M
- Shares a day
- 278K
On an average day about $12.0M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 17.3
- Average Bulios Score
- 64 out of 100
Weight by Bulios Fair Price
- Undervalued 43%
- Fairly valued 11%
- Overvalued 46%
On average the companies inside trade for 17.3 times their yearly profit. By Fair Price, 46% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 85% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FP FPWR First Trust EIP Power Solutions ETF | United States | 0.96% | $20.3M | +7.4% | Pays out | 73% |
EI EIPI FT Energy Income Partners Enhanced Income ETF | United States | 1.11% | $1.10B | +13% | Pays out | 69% |
EI EIPX FT Energy Income Partners Strategy ETF | United States | 0.95% | $579.3M | +27% | Pays out | 65% |
FX FXU First Trust Utilities AlphaDEX Fund | United States | 0.61% | $1.81B | -0.2% | Pays out | 42% |
VU VUIAX Vanguard Utilities Index Fund Admiral Shares· mutual fund | United States | 0.09% | $9.47B | -7.1% | Pays out | 38% |
VP VPU Vanguard Utilities Index Fund | United States | 0.09% | $9.50B | -7.1% | Pays out | 38% |
