EIPIX Fees and Costs — EIP Growth and Income Fund, Class I
Data updated: 2026-09-01
The net expense ratio is 1.26% (1.72% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $46K in broker commissions, 0.0591% of average net assets, and portfolio turnover was 44%.
EIPIX Fees and Expenses
Annual operating expenses and sales charges of EIPIX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.72% |
| Fee waiver | −0.46% |
| Net expense ratio | 1.26% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
EIPIX Costs Over Time
On $10,000 invested in EIPIX, assuming 5% a year before costs, total costs come to $820 over 5 years, cutting the return by 1.39% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.26%) | $132 | $411 | $711 |
| Trading costs (broker commissions) | $6 | $19 | $33 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $139 | $452 | $820 |
| Value after costs | $10,361 | $11,124 | $11,943 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
EIPIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0591%
- Total broker commissions: $46K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 44%
- Securities lending: none during the year
EIPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $20K | 42.57% |
| MORGAN STANLEY & CO. LLC | $19K | 39.93% |
| JEFFERIES LLC | $3K | 6.96% |
| BNP PARIBAS SECURITIES CORP. | $2K | 4.62% |
| SCOTIA CAPITAL (USA) INC. | $1K | 2.50% |
| RBC CAPITAL MARKETS LLC | $684 | 1.47% |
| WELLS FARGO SECURITIES LLC | $368 | 0.79% |
| UBS ASSET MANAGEMENT (US) INC. | $222 | 0.48% |
| BARCLAYS CAPITAL INC. | $175 | 0.38% |
| J.P. MORGAN SECURITIES LLC | $142 | 0.30% |
EIP Growth and Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EIPIX | Class I | 1.26% | none |
| EIPFX | Investor Class | 1.66% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.