Separately Managed Accounts and Unified Managed Accounts

EIP manages numerous separately managed accounts (SMAs). Investors can access the EIP Energy Infrastructure and MLP Income Strategy under the supervision of a financial advisor via several approved platforms.

Investors can expect to receive multiple K-1s as the securities in separately managed accounts are held directly by the investing entity. EIP manages SMAs in partnership with First Trust Advisors L.P. (“First Trust”), with First Trust serving as the Wholesaler for the SMA products. First Trust can provide further information about this service.

Investment Objective

Energy Income Partners, LLC (EIP) Energy Infrastructure and MLP Income Strategy seeks to generate above-average returns and yield by investing in Master Limited Partnerships (MLPs) and MLP affiliates, Utilities, Yield Corporations (“YieldCos”) and Energy Infrastructure Real Estate Investment Trusts (“REITS”).

The strategy targets companies operating energy infrastructure such as pipelines and storage facilities with stable fee-for-service revenues, conservative balance sheets and superior management teams. Commodity exposure is minimized via stock selection and portfolio construction. The majority of its portfolio companies pay out most or all of their free cash flow every quarter. These cash flows are derived from either regulated tariffs or long-term contracts that are generally not linked to commodity prices, but often have price escalators linked to inflation or actual costs.

* There is no guarantee that EIP will be able to minimize cyclicality or navigate volatility that would result in favorable performance.