ETF Evaluator: FT Energy Income Ptnrs Enh Inc ETF () Follow This ETF

FT Energy Income Ptnrs Enh Inc ETF Overview

FT Energy Income Ptnrs Enh Inc ETF (EIPI) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). First Trust launched the ETF in 2011.

The investment seeks a high level of total return with an emphasis on current distributions paid to shareholders. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in securities of, and/or investments that provide exposure to, Energy Companies. The fund’s investments will be concentrated (i.e., invest more than 25% of fund assets) in any one industry or group of industries constituting the energy sector. The fund is non-diversified.

About FT Energy Income Ptnrs Enh Inc ETF (EIPI)

There are 4 members of the management team with an average tenure of 11.29 years: James Murchie (2011), Eva Pao (2011), Saul Ballesteros (2025) and John Tysseland (2011). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P Global 1200 Energy Sector TR USD index with a weighting of 100%. FT Energy Income Ptnrs Enh Inc ETF has 113 securities in its portfolio. The top 10 holdings constitute 41.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

FT Energy Income Ptnrs Enh Inc ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. FT Energy Income Ptnrs Enh Inc ETF has 6.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.8% There is 6.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FT Energy Income Ptnrs Enh Inc ETF has 4.1% of the portfolio in cash.

Assets Under Management

The fund has $1 billion in total assets, which is above the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

EIPI Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FT Energy Income Ptnrs Enh Inc ETF expense ratio is high compared to funds in the Derivative Income category. FT Energy Income Ptnrs Enh Inc ETF has an expense ratio of 1.11%, which is 33% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. FT Energy Income Ptnrs Enh Inc ETF has a portfolio turnover rate of 103%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.

Recently, in the month of July 2026, FT Energy Income Ptnrs Enh Inc ETF returned 3.0%, which earned it a grade of A, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

FT Energy Income Ptnrs Enh Inc ETF has a trailing yield of 3.87%, which is below the 19.96% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

FT Energy Income Ptnrs Enh Inc ETF Grades

Year to date, the ETF has returned 17.6%, 15.0 percentage points better than the category, which translates into a grade of A. The fund has returned 20.4% over the past year (grade of B), 15.8% over the past three years (grade of B) and 13.8% per year over the past five years (grade of A) and 3.6% per year over the past 10 years (grade of F).

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