EIP Growth and Income Fund (NEW)
EIPIX
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- EIP Growth and Income Fund (EIPIX) is an open-end mutual fund that seeks a high level of total shareholder return balanced between current income and growth, with low volatility as a secondary objective. Launched on August 22, 2006, and managed by Energy Income Partners, LLC, headquartered in Westport, Connecticut, the fund primarily invests in a diversified portfolio of equity securities issued by energy companies in non-cyclical segments of the energy industry, including U.S. and Canadian natural gas and electric utilities; corporations operating energy infrastructure assets such as pipelines, storage facilities, and terminals; energy-related master limited partnerships and limited liability companies treated as partnerships; entities controlling MLPs or holding general partner interests in MLPs or MLP affiliates; regulated utilities; renewable energy production; and other energy-related corporations with high dividend payout policies, such as energy infrastructure real estate investment trusts and foreign energy infrastructure corporations. The fund concentrates its investments in the energy industry without market capitalization limits, may employ leverage through swap agreements and derivatives for portfolio flexibility and return enhancement pursuant to Rule 18f-4 under the 1940 Act, and offers Class I shares (EIPIX) with a net expense ratio of 1.26% after fee waivers through February 28, 2026, targeting institutional investors with a $1 million minimum initial investment. In June 2025, the fund updated its mailing address for shareholder transactions to U.S. Bank Global Fund Services in Kansas City, Missouri, reflecting an operational change managed by the transfer agent. The fund earned a 4-star overall Morningstar rating out of 99 Energy Limited Partnership funds as of June 30, 2024, based on risk-adjusted returns across 3-, 5-, and 10-year periods.