EMLP vs FVD: Holdings Overlap
EMLPFirst Trust North American Energy Infrastructure Fund
First Trust · 63 holdings · $4.2B · as of 2026-04-30
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
Holdings snapshots are 30 days apart (EMLP: 2026-04-30, FVD: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are EMLP and FVD?
First Trust North American Energy Infrastructure Fund (EMLP, by First Trust) holds 63 positions; First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236. They have 31 holdings in common, and by portfolio weight the two funds are 13.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 13.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 31EMLP holds 63 · FVD holds 236
- Weight in Shared Holdings
- EMLP 43%·FVD 13%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in EMLP
32 of 63 positions (50.0% of the fund) are not held by FVD. Showing the top 30 by weight.
Only in FVD
205 of 236 positions (86.5% of the fund) are not held by EMLP. Showing the top 30 by weight.
Sector Breakdown
| Sector | EMLP | FVD |
|---|---|---|
| Utilities | 45.6% | 18.9% |
| Energy | 39.5% | 3.4% |
| Financials | 0.0% | 18.5% |
| Industrials | 3.6% | 15.1% |
| Consumer Staples | 0.0% | 10.4% |
| Other Sectors | 0.0% | 28.8% |
| Unclassified | 4.4% | 4.7% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (5% of EMLP, 5% of FVD).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| EMLP | -1.5% | +16.3% | +17.6% | +20.5% | +16.2% | +9.9% | 2.80% |
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in EMLP vs FVD →
Shared Holdings(31)
The top 10 shared positions account for 34% of the overlap, led by ETR, IDA and CMS.
 ETREntergy Corporation COM | 2.43% | 0.46% | 0.46% |
|---|---|---|---|
 IDAIdacorp Inc COM | 0.95% | 0.44% | 0.44% |
 CMSCMS Energy Corporation COM | 0.92% | 0.44% | 0.44% |
 FEFirstEnergy Corp. COM | 1.42% | 0.44% | 0.44% |
 LNTAlliant Energy Corporation COM | 0.95% | 0.43% | 0.43% |
 PPLPPL Corporation COM | 2.52% | 0.43% | 0.43% |
 DDominion Energy Inc COM | 1.35% | 0.43% | 0.43% |
 CNPCenterpoint Energy Inc COM | 1.34% | 0.43% | 0.43% |
 WECWEC Energy Group Inc. COM | 1.45% | 0.43% | 0.43% |
 XELXcel Energy Inc COM | 1.30% | 0.43% | 0.43% |
 EVRGEvergy Inc COM | 1.61% | 0.43% | 0.43% |
 NEENextEra Energy Inc COM | 1.27% | 0.43% | 0.43% |
 SOSouthern Co. (The) | 2.67% | 0.43% | 0.43% |
 DUKDuke Energy Corp COM NEW | 1.93% | 0.43% | 0.43% |
 AEEAmeren Corp. COM | 0.97% | 0.43% | 0.43% |
 OGEOGE Energy Corporation COM | 1.42% | 0.43% | 0.43% |
 DTEDTE Energy Co. COM | 1.50% | 0.43% | 0.43% |
 AEPAmerican Electric Power Co, Inc. COM | 2.06% | 0.43% | 0.43% |
 ATOAtmos Energy Corp. COM | 1.19% | 0.43% | 0.43% |
 NJRNew Jersey Resources Corporation | 1.21% | 0.43% | 0.43% |
 PEGPublic Service Enterprise Group Incorporated COM | 1.62% | 0.42% | 0.42% |
 OGSONE Gas, Inc. COM | 1.97% | 0.42% | 0.42% |
 NFGNational Fuel Gas Company COM | 3.25% | 0.42% | 0.42% |
 SRSpire Inc COM | 0.90% | 0.42% | 0.42% |
 ENBEnbridge Inc. COM | 0.51% | 0.42% | 0.42% |
Frequently Asked Questions
How much do EMLP and FVD overlap?
EMLP and FVD overlap by 13.1% of portfolio weight. They share 31 holdings (EMLP holds 63 positions and FVD holds 236), based on each fund's latest SEC-reported holdings.
Is it redundant to own both EMLP and FVD?
The two portfolios are 13.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of EMLP and FVD?
The largest positions held by both funds are ETR, IDA, CMS, FE and LNT. Together the top 10 shared positions account for 34% of the total overlap.
What does EMLP own that FVD doesn't?
32 positions (50.0% of EMLP) are unique to EMLP, led by Energy Transfer LP, Enterprise Products Partners LP and MPLX LP COM UNIT REP LTD. In the other direction, 205 positions (86.5% of FVD) are unique to FVD.