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EIPIFT Energy Income Partners Enhanced Income ETF

Get income14y track recordRanked #788 of 1,650 in this goal

Seeks a high level of total return with an emphasis on current distributions paid to shareholders.

By First Trust · Launched 2011

Annual Cost

1.11%

#5,427 of 5,854 · expensive

Fund Size

$1.0B

#1,107 of 5,854 · large

Dividend YieldGoal

3.38%

Track Record

14 years

#904 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$12,095+21.0%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Option income

What it actually holds

By weight

Concentration

Top 10 holdings = 39.8% of fund✓ well diversified

Enterprise Products Partners L.P.
8.0%
Energy Transfer LP
6.3%
Kinder Morgan, Inc.
4.1%
MPLX LP
3.8%
Shell PLC
3.6%
Williams Companies Inc. (The)
3.2%
Oneok Inc.
2.8%
Exxon Mobil Corp.
2.8%
Morgan Stanley Institutional Liquidity Funds
2.7%
National Fuel Gas Company
2.6%

Asset allocation

Stocks
98.8%
Cash
1.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
10.1%Moderate

Year-on-year price swings

Max drawdown
-12.3%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks a high level of total return with an emphasis on current distributions paid to shareholders.
Strategy
Invests primarily in equity securities of Energy Companies, focusing on yield, growth, and valuation. Employs a covered call strategy to enhance income while participating in price appreciation of the underlying stocks. Includes U.S. and non-U.S. companies across the GICS energy sector.
Inception date
September 27, 2011
Fund family
First Trust

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03