Wheaton, Ill.-based First Trust Advisors L.P. has rolled out a new actively managed exchange-traded fund, First Trust North American Energy Infrastructure Fund (NYSE Arca: EMLP) to bet on the energy infrastructure sector via master limited partnerships, pipeline companies and utilities.

Energy Income Partners LLC serves as the fund’s sub-advisor. The ETF will charge an annual expense ratio of 95 basis points.

According to James Murchie, chief executive officer of Energy Income Partners, the fund will limit its exposure to MLPs to below 25% of the portfolio while at the same time seeking energy infrastructure bets across numerous asset classes primarily in North America.

“First Trust believes this is an opportune time to invest in energy infrastructure assets in part because of the new technologies that have been developed to extract previously inaccessible natural gas and oil supplies trapped in shale deposits in North America,” stated Robert Carey, chief investment officer of First Trust.