FT Energy Income Partners Enhanced Income ETF
EIPI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive, Suite 400 Wheaton IL United States of America 60187
- IPO Date
- May 6, 2024
- Website
- ftportfolios.com
- Similar Companies
- Business
- FT Energy Income Partners Enhanced Income ETF (EIPI) is an actively managed exchange-traded fund that seeks total return with a primary focus on generating current income through investments in the global energy sector. The fund holds a diversified portfolio of energy equities, including master limited partnerships, midstream companies, oil and gas producers, utilities, and energy infrastructure firms such as Enterprise Products Partners L.P., Energy Transfer LP, MPLX LP, Kinder Morgan, Inc., and Shell Plc; it employs both covered call and naked call options writing strategies to enhance income potential. EIPI targets income-oriented investors seeking exposure to energy markets, with geographic operations spanning the United States, Canada, and international markets through American Depositary Receipts and other global holdings. The fund traces its origins to September 27, 2011, when its predecessor, First Trust Energy Infrastructure Fund, was launched, and is issued and advised by First Trust Advisors L.P., with portfolio management led by James Murchie, Eva Pao, and John Tysseland; it is domiciled in the United States and trades on the NYSE Arca exchange. In a significant reorganization completed on May 6, 2024, EIPI emerged as the successor fund through tax-free mergers that consolidated the assets and liabilities of four closed-end funds—First Trust Energy Income and Growth Fund (FEN), First Trust MLP and Energy Income Fund (FEI), First Trust New Opportunities MLP & Energy Fund (FPL), and First Trust Energy Infrastructure Fund (FIF)—providing former shareholders with ETF liquidity at net asset value and transitioning from leveraged closed-end structures to an unleveraged open-end ETF format. This strategic shift, influenced by activist investor Saba Capital, expanded EIPI's asset base while maintaining a focus on high-yield energy holdings like Enterprise Products Partners, Energy Transfer, and ONEOK, though it experienced initial outflows of approximately $200 million post-merger. As of late 2025, the fund manages around $900-970 million in assets under management and continues to emphasize defensive, cash flow-driven energy investments amid volatile commodity markets.