EIP Market Update


October 2023 Market Update

All investments carry risk, including the risk of loss of investment principal.  Additionally, because EIP invests primarily in the securities of companies in the energy industry, portfolios are exposed to additional risks that may not exist for more diversified portfolios.  Energy industry companies are sensitive to, among other things, fluctuations in fuel supply and demand, interest rates, seasonal fluctuations, counterparty risk from customers who become financially distressed or unable to perform, special risks of constructing and operating facilities, lack of control over pricing (which can be volatile and subject to wide fluctuations), merger and acquisition activities.  They are also exposed to significant political and regulatory risk, including substantial governmental regulation that affects construction, maintenance and operations and the prices and methodology of determining prices that energy companies may charge for their products or services. As a result, portfolios invested in solely energy may experience significant losses during periods in which such factors negatively impact a significant number of energy companies.

These materials do not constitute an offer of securities or a solicitation for any investment or investment product.  This document is confidential and is intended solely for the information of the person to whom it has been delivered. It is not to be reproduced or transmitted, in whole or in part, to third parties, without the prior written consent of EIP. Information provided is believed to be accurate as of the date on the materials. EIP reserves the right to update, modify or change information without notice.  The information is based on data obtained from third party publicly available sources that EIP believes to be reliable, but EIP has not independently verified and cannot warrant the accuracy of such information. Information contained in this presentation is EIP’s opinion and may change at anytime without notice.

Certain information contained herein may constitute forward-looking statements. Due to various risks and uncertainties, actual events, results or the performance of any account may differ materially from those reflected or contemplated in such forward-looking statements. Potential investors should consult with their tax advisers and counsel, prior to making an investment.

By providing this information, EIP is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA and the Internal Revenue Code.  EIP has no knowledge of and has not been provided any information regarding any investor.  Financial Advisors must determine whether particular  investments are appropriate for their clients.  EIP believes the financial advisor is a fiduciary, is capable of evaluating investment risks independently and is responsible for exercising independent judgment with respect  to its retirement plan clients.

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