What Is the EIPX ETF? A Complete Guide to Returns, Fees, Holdings, and Alternative ETFs
The First Trust Energy Income ETF (EIPX) is an actively managed fund that selects energy dividend stocks and master limited partnerships to pursue both income and growth. Its concentration in the energy sector and how its strategy differs from AMLP, XLE, and MLPX are the key factors in choosing it.
SubscribeWhat Is the First Trust Energy Income ETF?
It is an actively managed ETF that invests mainly in dividend-paying stocks and master limited partnerships (MLPs) in the energy industry, seeking risk-adjusted total return. The fund actively selects companies with stable cash flows and sustainable dividends.
It suits income-oriented investors who want dividend-focused income along with capital appreciation in the energy sector.
It is an ETF managed by First Trust using an active management approach.
How Does the First Trust Energy Income ETF Invest?
| Item | Details |
|---|---|
| Investment Target | Energy dividend stocks and master limited partnerships |
| Management Style | Active (dividend and cash flow selection) |
| Main Objective | Risk-adjusted total return |
| Distribution Frequency | Quarterly |
| Expense Ratio | 0.95% |
The fund invests most of its net assets in energy-market equities and actively selects companies with stable cash flows, sustainable dividends, and growth potential. It centers its portfolio on energy dividend stocks, including midstream master limited partnerships, to pursue income and risk-adjusted returns together.
- Energy selection focused on dividends and cash flow
- Income strategy that includes master limited partnerships
First Trust Energy Income ETF Size and Costs (AUM and Management Fee)
Assets under management (AUM) stand at $591.3M, and the expense ratio is 0.95% per year.
Compared with plain index-based energy ETFs or MLP ETFs, the main points of comparison are its dividend-focused active selection and its asset composition.
First Trust Energy Income ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeEnergy assets move with oil and natural gas prices and infrastructure demand, and dividend-focused energy stocks tend to show relatively more stable distribution trends than volatile commodity prices. The higher the midstream weighting, the closer the fund gets to infrastructure cash flows.
Fund flows into energy income products vary with the oil price outlook and the interest rate environment, and demand for high distribution yields can also shift money into related products. It is also worth watching how performance changes with the energy cycle and the sustainability of dividends.
First Trust Energy Income ETF Pros and Cons
Its strengths are dividend-focused active selection and income, while energy sector concentration, oil price sensitivity, and active management fees are factors to consider.
💪 Key Strengths
⚠️ Points to Watch
First Trust Energy Income ETF Alternative ETFs and Related Products
Alternatives with similar energy income exposure include AMLP and MLPX, which focus on midstream master limited partnerships, and investors who want broad energy equity exposure can also compare sector ETFs such as XLE. For midstream infrastructure held mainly through equities, products such as EMLP are also worth reviewing. What sets this ETF apart is that it actively selects energy stocks with a focus on dividends and cash flow.
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 CAF | Morgan Stanley China A Share Fund Inc | 0.09% | $15.95 | -0.9% | $213.0M | - | 1.65% |
| EPD | Enterprise Products Partners L P | 0.14% | $38.06 | +2.4% | $82.2B | 13.2 | 5.9% |
| ET | Energy Transfer LP | 0.13% | $20.71 | +1.5% | $71.3B | 14.2 | 6.62% |
 MSBT | Morgan Stanley Bitcoin Trust | 0.06% | $23.34 | +0.9% | $0.0M | - | - |
| MPLX | MPLX LP | 0.08% | $58.93 | +1.4% | $59.7B | 12.7 | 7.73% |
 NFG | National Fuel Gas Co | 0.03% | $80.21 | -1.7% | $7.6B | 11.2 | 2.71% |
| XOM | ExxonMobil Holdings Corp | 0.03% | $182.02 | +1.2% | $748.5B | 23.4 | 2.28% |
First Trust Energy Income ETF Investor Checkpoints
Here are the points to review before investing in EIPX. Dividend-focused income is attractive, but sector concentration, oil price sensitivity, and management fees need to be confirmed in advance. It is also a good idea to compare it with similar energy and MLP products.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Distribution Yield | Review the distribution rate and dividend sustainability | On the higher side |
| 🛢️ Oil Price Sensitivity | Monitor oil and natural gas prices | Sensitive |
| 🧩 Asset Composition | Review the weighting of dividend stocks and master limited partnerships | Mixed composition |
| 💵 Expense Ratio | Check the level of the active management fee | Somewhat high |
Fluctuations in oil and natural gas prices and changes in energy policy are the main variables for short-term performance, and because of its concentration in a single sector, energy, losses can be large during market crashes. Even with a dividend focus, sector risk remains.
It is a suitable candidate for investors who want dividend-focused income and growth together in the energy sector. If you want to concentrate on master limited partnerships, consider products such as AMLP and MLPX, and if you prefer dividend-focused active selection, it is advisable to compare this product alongside them before choosing.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 10, 2026.
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