At a glance
EMLP charges 0.95% a year, above the 0.81% average of the 8 funds most like it (the 7th cheapest of 9). It has $4.13B in assets, the 2nd largest of that group; it paid 2.78% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +18.7% with distributions reinvested (S&P 500: +11.5%), 6th of those 9 funds; over three years it returned +22.9% a year. At its worst it fell 43.6% in the 2020 crash (S&P 500: 33.7%) and 14.6% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 14 months and 2 months after the lows. Its ten largest positions make up 42.3% of the fund, out of 56 in all.
Price history
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EMLP +18.7% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
Volatility (1 year)11%annualized; the S&P 500 is usually 15–20%
Worst drop (1 year)-7.9%3 years: -11.5% · all history: -43.6%
Beta vs S&P 500-0.06moves less than the market
Sharpe ratio (1 year)1.33return above cash per unit of risk
Since launch+9.6%a year over 14.3 years
Total over 5 years+107%10 years: +157%
52-week range$37.38 – $44.84
Last price $43.93 on Oct 27, 2026, 2.0% below the 52-week high · above its 200-day average ($43.05).| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| EMLP official prospectus, to Dec 31, 2025 | — | +9.70% | — | +16.46% | +10.62% | +8.76% |
| EMLP price data to Oct 27, 2026 | +18.5% | +18.7% | +22.9% | +15.7% | +9.9% | +9.6% |
- Over the year to Oct 27, 2026, EMLP returned +18.7%, 6th of 9 among similar funds.
- Its 5-year annualized return was +15.7% and its 10-year +9.9%.
- In the 2020 COVID crash it fell 43.6% and regained its old high 14.4 months after the low.
- Its worst full calendar year was 2015 (-25.4%); its best was 2024 (+33.4%).
- The deepest fall in its price history was 43.6% (Feb 20, 2020 to Mar 23, 2020), recovered by Jun 3, 2021.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +18.5% | — |
| 2025 | +9.7% | +9.70% |
| 2024 | +33.4% | +33.21% |
| 2023 | +8.0% | +7.92% |
| 2022 | +10.3% | +10.64% |
| 2021 | +23.2% | +22.81% |
| 2020 | -13.4% | -13.38% |
| 2019 | +23.4% | +23.41% |
| 2018 | -8.7% | -8.51% |
| 2017 | +1.1% | +1.02% |
| 2016 | +29.9% | +29.59% |
| 2015 | -25.4% | — |
| 2014 | +23.8% | — |
| 2013 | +16.7% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 43.5% over that stretch · deepest drop along the way 43.6%, back to its old high 14.4 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 0.5% over that stretch · deepest drop along the way 14.6%, back to its old high 2 months after the low |
Dividends and income
Yield (last 12 months)2.78%distributions ÷ price
Paid in the last 12 months$1.22per share, split-adjusted
How oftenquarterly
Latest payment$0.3200Sep 24, 2026
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.9300 | |
| 2025 | $1.2000 | +5.3% |
| 2024 | $1.1400 | +5.6% |
| 2023 | $1.0800 | +30.1% |
| 2022 | $0.8300 | +1.2% |
| 2021 | $0.8200 | -17.2% |
| 2020 | $0.9900 | +4.2% |
| 2019 | $0.9500 | -5.9% |
| 2018 | $1.0100 | +8.6% |
| 2017 | $0.9300 | +3.3% |
| 2016 | $0.9000 | -3.2% |
| 2015 | $0.9300 | +8.1% |
| 2014 | $0.8600 | +10.3% |
| 2013 | $0.7800 |
What's inside
As of Jul 31, 2026, the fund held 56 securities; the ten largest made up 42.25% of assets, and 7.5% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| ENTERPRISE PRODUCTS PARTNERS LP | 8.77% | |
| ENERGY TRANSFER LP | 7.71% | |
| MPLX LP | 4.26% | |
| PLAINS GP HOLDINGS LP | 4.24% | |
| NATIONAL FUEL GAS COMPANY | 3.91% | |
| KINDER MORGAN INC | 3.67% | |
| SOUTHERN COMPANY (THE) | 2.66% | |
| PPL CORP | 2.60% | |
| ONEOK INC | 2.25% | |
| ONE GAS INC | 2.18% | |
| ENTERGY CORP | 2.12% | |
| DUKE ENERGY CORP | 2.05% | |
| SEMPRA | 1.86% | |
| CHENIERE ENERGY INC | 1.67% | |
| AMERICAN ELECTRIC POWER COMPANY INC | 1.65% |
By country
United States 88.58%Canada 2.95%Spain 0.34%Italy 0.25%By asset type
Stocks 92.13%What changed recently
- Over the three months to Jul 31, 2026, investors added a net $120.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: -4.03%, +2.20%, +0.99%.
What it really costs
- EMLP charges 0.95% a year, versus an average of 0.81% for the similar funds below (7th of 9, cheapest first).
- Of that, 0.94% is the management fee; the rest covers other fund expenses.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| EMLP this fund | — | 0.95% | $4.13B | +18.7% | +22.9% |
| FPWR First Trust EIP Power Solutions ETF | 69% | 0.96% | $29.6M | +11.9% | +21.1% |
| TPZ Tortoise Essential Energy Fund | 35% | 0.85% | $120.6M | +3.1% | — |
| ENFR Alerian Energy Infrastructure ETF | 34% | 0.35% | $548.4M | +35.1% | +27.7% |
| AMZA InfraCap MLP ETF | 33% | 2.18% | $471.8M | +34.5% | +21.9% |
| IFRA iShares U.S. Infrastructure ETF | 31% | 0.3% | $4.62B | +8.6% | +20.8% |
| USAI Pacer American Energy Independence ETF | 31% | 0.75% | $132.8M | +31.4% | +25.8% |
| TPYP Tortoise North American Pipeline Fund | 31% | 0.4% | $894.5M | +28.5% | +26.2% |