EMLP vs. NFRA ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA)

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

$37.78

Average Daily Volume

162,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

NFRA

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXXÂ® Global Broad Infrastructure Index. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in its underlying index. The underlying index reflects the performance of a selection of equity securities of infrastructure-related companies that are domiciled or traded in developed and emerging markets around the world. It is non-diversified.

Grade (RS Rating)

Last Trade

$58.16

Average Daily Volume

78,402

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	NFRA
30 Days	9.99%	-0.44%
60 Days	12.10%	-2.07%
90 Days	16.42%	1.20%
12 Months	42.23%	17.31%

19 Overlapping Holdings

Symbol	Grade	Weight in EMLP	Weight in NFRA	Overlap
AEP	D	2.27%	0.77%	0.77%
AWK	D	0.05%	0.4%	0.05%
CEG	D	0.26%	1.09%	0.26%
D	C	0.76%	0.72%	0.72%
DTM	B	4.56%	0.15%	0.15%
DUK	C	0.69%	1.33%	0.69%
EXC	C	0.09%	0.6%	0.09%
HESM	B	0.62%	0.05%	0.05%
KMI	A	4.87%	0.82%	0.82%
NEE	D	0.46%	2.41%	0.46%
OKE	A	5.41%	0.98%	0.98%
PEG	A	2.29%	0.67%	0.67%
SO	D	0.45%	1.47%	0.45%
SRE	A	4.15%	0.9%	0.9%
TRGP	B	3.47%	0.65%	0.65%
WEC	A	1.01%	0.47%	0.47%
WMB	A	2.46%	1.05%	1.05%
WTRG	B	0.51%	0.15%	0.15%
XEL	A	1.15%	0.59%	0.59%

EMLP Overweight 32 Positions Relative to NFRA

Symbol	Grade	Weight
EPD	A	8.77%
ET	A	7.17%
PAGP	A	4.53%
MPLX	A	3.98%
NFG	A	2.89%
PPL	B	2.43%
PWR	A	2.24%
ATO	A	1.61%
LNG	B	1.6%
AES	F	1.46%
LNT	A	1.43%
VST	B	1.34%
ETR	B	1.28%
SUN	B	1.24%
DTE	C	1.22%
FLR	B	1.14%
CQP	B	1.05%
OGS	A	1.02%
CMS	C	0.97%
EVRG	A	0.82%
CNP	B	0.81%
WLKP	A	0.76%
NEP	F	0.58%
AROC	B	0.57%
IDA	A	0.52%
CWEN	C	0.52%
NJR	A	0.44%
AEE	A	0.28%
CPK	A	0.24%
USAC	B	0.11%
UGI	A	0.08%
ENLC	A	0.0%

EMLP Underweight 45 Positions Relative to NFRA

Symbol	Grade	Weight
CNI	D	-3.39%
VZ	C	-2.67%
CMCSA	B	-2.6%
WCN	A	-2.53%
T	A	-2.47%
UNP	C	-2.23%
TMUS	B	-1.83%
AMT	D	-1.41%
EQIX	A	-1.32%
WM	A	-1.26%
CSX	B	-1.08%
HCA	F	-1.02%
NSC	B	-0.93%
DLR	B	-0.86%
PCG	A	-0.85%
CCI	D	-0.69%
RSG	A	-0.66%
CHTR	C	-0.6%
ED	D	-0.52%
EIX	B	-0.5%
VLTO	D	-0.39%
SBAC	D	-0.36%
THC	D	-0.25%
CLH	B	-0.19%
UHS	D	-0.17%
LBRDK	C	-0.17%
EHC	B	-0.16%
FYBR	D	-0.13%
CWST	A	-0.1%
AM	A	-0.09%
SIRI	C	-0.09%
SEM	B	-0.07%
GEO	B	-0.06%
ACHC	F	-0.06%
CWT	D	-0.05%
AWR	B	-0.05%
IRDM	D	-0.05%
CCOI	B	-0.05%
CXW	B	-0.04%
PCT	C	-0.03%
SJW	D	-0.03%
UNIT	B	-0.02%
MSEX	B	-0.02%
NFE	D	-0.01%
FSLY	D	-0.01%