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EIPFX EIP Growth and Income Investor

  • Fund
  • EIPFX
  • Price as of: Aug 19, 2019
  • $15.28 + $0.14 + 0.93%
  • Category
  • Uncategorized

EIPFX - Profile

Vitals

  • YTD Return 15.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $155 M
  • Holdings in Top 10 99.6%

52 WEEK LOW AND HIGH

$15.28
$12.59
$15.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.77%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 86.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

N/A

Investment Themes

CATEGORY

Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Energy Limited Partnership

Distributions

  • YTD Total Return 15.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.45%
DIVIDENDS
  • Dividend Yield 2.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name EIP Growth and Income Fund (NEW)
  • Fund Family Name EIP Funds
  • Inception Date Oct 17, 2016
  • Shares Outstanding 10752
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager James J. Murchie

Fund Description

Under normal market conditions, the fund pursues its objectives by investing primarily in a diversified portfolio of equity securities of issuers in the energy industry ("Energy Companies") that seek to pay out all or most of their available free cash flow. It concentrates its investments in the Energy Industry and may invest without limit in Energy Companies of any market capitalization.

EIPFX - Performance

Return Ranking - Trailing

Period EIPFX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% -50.0% 269.8% 18.03%
1 Yr 0.6% -64.4% 269.8% 44.03%
3 Yr N/A* -41.6% 115.6% N/A
5 Yr N/A* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.2% N/A

* Annualized


Return Ranking - Calendar

Period EIPFX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.5% -67.1% 73.0% 67.98%
2017 -2.5% -76.0% 74.8% 96.91%
2016 N/A -58.1% 900.0% N/A
2015 N/A -51.1% 336.8% N/A
2014 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period EIPFX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.8% -50.0% 269.8% 18.10%
1 Yr 2.2% -64.4% 269.8% 40.10%
3 Yr N/A* -30.7% 115.6% N/A
5 Yr N/A* -30.7% 58.6% N/A
10 Yr N/A* -8.4% 26.3% N/A

* Annualized


Total Return Ranking - Calendar

Period EIPFX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.0% -67.1% 76.6% 67.49%
2017 -1.1% -30.7% 76.8% 96.93%
2016 N/A -58.1% 900.0% N/A
2015 N/A -51.1% 341.1% N/A
2014 N/A -60.1% 304.1% N/A

NAV & Total Return History

EIPFX - Holdings

Concentration Analysis

EIPFX Category Low Category High EIPFX % Rank
Net Assets 155 M 0 814 B 54.72%
Number of Holdings 64 1 17343 58.29%
Net Assets in Top 10 61.9 M -28.8 B 144 B 50.69%
Weighting of Top 10 99.59% 0.0% 20474.3% 7.61%

Top 10 Holdings

  1. United States Treasury Notes 2% 29.29%

  2. United States Treasury Notes 2.75% 21.78%

  3. United States Treasury Notes 2.88% 8.16%

  4. Transcanada 7.79%

  5. Enterprise Products Partners LP 6.90%

  6. Magellan Midstream Partners LP 6.20%

  7. NextEra Energy Partners LP 5.45%

  8. NextEra Energy Inc 5.09%

  9. TC Pipelines LP 4.51%

  10. Williams Companies Inc 4.42%


Asset Allocation

Weighting Return Low Return High EIPFX % Rank
Stocks
97.76% -142.98% 259.25% 23.26%
Cash
1.54% -2543.91% 7388.76% 67.17%
Bonds
0.65% -955.59% 2526.95% 55.43%
Other
0.05% -7288.76% 502.86% 24.21%
Preferred Stocks
0.00% -0.12% 80.89% 92.80%
Convertible Bonds
0.00% -0.37% 166.23% 93.90%

Stock Sector Breakdown

Weighting Return Low Return High EIPFX % Rank
Energy
49.51% -7.00% 121.80% 1.26%
Utilities
37.10% -3.80% 94.95% 0.57%
Basic Materials
1.80% -5.18% 96.19% 63.68%
Industrials
1.30% -21.11% 93.31% 82.13%
Real Estate
0.17% -11.04% 100.00% 75.04%
Technology
0.00% -19.01% 99.57% 98.35%
Healthcare
0.00% -15.38% 100.00% 97.93%
Financial Services
0.00% -7.59% 99.28% 98.46%
Communication Services
0.00% -4.54% 90.02% 97.03%
Consumer Defense
0.00% -7.54% 98.24% 97.55%
Consumer Cyclical
0.00% -18.86% 87.44% 98.71%

Stock Geographic Breakdown

Weighting Return Low Return High EIPFX % Rank
US
79.24% -142.98% 128.63% 22.73%
Non US
18.52% -24.89% 159.65% 34.73%

Bond Sector Breakdown

Weighting Return Low Return High EIPFX % Rank
Cash & Equivalents
1.54% -2543.91% 7388.76% 67.56%
Government
0.65% -3298.93% 457.08% 41.02%
Derivative
0.00% -511.61% 2524.39% 79.18%
Securitized
0.00% -35.05% 159.61% 93.89%
Corporate
0.00% -15.73% 3345.86% 94.86%
Municipal
0.00% 0.00% 110.18% 93.21%

Bond Geographic Breakdown

Weighting Return Low Return High EIPFX % Rank
US
0.65% -955.59% 2526.95% 53.76%
Non US
0.00% -150.85% 464.75% 94.37%

EIPFX - Expenses

Operational Fees

EIPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.77% 0.00% 928.63% 11.67%
Management Fee 1.00% 0.00% 2.87% 91.67%
12b-1 Fee 0.25% 0.00% 1.00% 68.28%
Administrative Fee 0.15% 0.00% 52000.00% 81.31%

Sales Fees

EIPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

EIPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

EIPFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 86.00% 0.00% 5067.00% 74.94%

EIPFX - Distributions

Dividend Yield Analysis

EIPFX Category Low Category High EIPFX % Rank
Dividend Yield 2.16% 0.00% 87.68% 19.76%

Dividend Distribution Analysis

EIPFX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

EIPFX Category Low Category High EIPFX % Rank
Net Income Ratio -0.45% -46.00% 10.10% 94.08%

Capital Gain Distribution Analysis

EIPFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

EIPFX - Managers

James J. Murchie

Manager

Start Date

Tenure

Tenure Rank

Aug 22, 2006

12.95

13.0%

JAMES J. MURCHIE is the Founder, Chief Executive Officer, co-portfolio manager and a Principal of Energy Income Partners.After founding Energy Income Partners in October 2003, Mr. Murchie and the Energy Income Partners investment team joined Pequot Capital Management Inc. ("Pequot Capital") in December 2004. In August 2006, Mr. Murchie and the Energy Income Partners investment team left Pequot Capital and re-established Energy Income Partners. Prior to founding Energy Income Partners, Mr. Murchie was a Portfolio Manager at Lawhill Capital Partners, LLC ("Lawhill Capital"), a long/short equity hedge fund investing in commodities and equities in the energy and basic industry sectors. Before Lawhill Capital, Mr. Murchie was a Managing Director at Tiger Management, LLC, where his primary responsibility was managing a portfolio of investments in commodities and related equities. Mr. Murchie was also a Principal at Sanford C. Bernstein. He began his career at British Petroleum, PLC. Mr. Murchie holds a BA in history and anthropology from Rice University and received his MA from Harvard University.


Eva Pao

Manager

Start Date

Tenure

Tenure Rank

Aug 22, 2006

12.95

13.0%

EVA PAO is a Principal of Energy Income Partners and is co-portfolio manager for all its funds. She has been with Energy Income Partners since inception in 2003. From 2005 to mid-2006, Ms. Pao joined Pequot Capital Management during Energy Income Partners's affiliation with Pequot. Prior to Harvard Business School, Ms. Pao was a Manager at Enron Corp where she managed a portfolio in Canadian oil and gas equities for Enron's internal hedge fund that specialized in energy-related equities and managed a natural gas trading book. Ms. Pao received her undergraduate degree at Rice University and received her MBA from Harvard Business School.


John K. Tysseland

Manager

Start Date

Tenure

Tenure Rank

Oct 14, 2016

2.79

2.8%

John K. Tysseland is a Senior Analyst and Principal of Energy Income Partners. Prior to joining Energy Income Partners, Mr. Tysseland worked at Citi Research most currently serving as a Managing Director where he covered midstream energy companies and MLPs. From 1998 to 2005, he worked at Raymond James & Associates as a Vice President who covered the oilfield service industry and established the firm's initial coverage of MLPs in 2001. Prior to that, he was an Equity Trader at Momentum Securities from 1997 to 1998 and an Assistant Executive Director at Sumar Enterprises from 1996 to 1997. Mr. Tysseland graduated from The University of Texas at Austin with a BA in economics.


Tenure Analysis

Category Low

0.0

Category High

43.76

Category Average

4.66

Category Mode

4.5