# EDGAR Filing Document

**Accession Number:** 0001350049
**File Stem:** 0001145549-23-016071
**Filing Date:** 2023-3
**Character Count:** 58881
**Document Hash:** 3de5846f21fc379b349e4dcdd88395f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-016071.hdr.sgml**: 20230313

**ACCESSION NUMBER**: 0001145549-23-016071

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230313

**DATE AS OF CHANGE**: 20230313

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EIP INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0001350049
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21940
- **FILM NUMBER:** 23727429

**BUSINESS ADDRESS:**
- **STREET 1:** 10 WRIGHT STREET
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880
- **BUSINESS PHONE:** 203-429-2200

**MAIL ADDRESS:**
- **STREET 1:** 10 WRIGHT STREET
- **CITY:** WESTPORT
- **STATE:** CT
- **ZIP:** 06880

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pequot Investment Trust
- **DATE OF NAME CHANGE:** 20060118

## Series and Classes Contracts Data

### EIP Growth and Income Fund (Series ID: S000013896)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000038105 | Class I        | EIPIX           |
| C000176273 | Investor Class | EIPFX           |

## Nport-Ex

![](eip_graph.jpg)

\* Denotes less than 1% of Total Investments<br>The chart shows the Fund's current allocation as a percentage of the Fund's total investments, and excludes exposure through derivative instruments. These percentages may vary from those shown in the Schedule of Investments, which are based on the Fund's net assets. Holdings and allocations may vary over time.<br>

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **EIP Growth and Income Fund** | **EIP Growth and Income Fund** | **January 31, 2023** |
| ***Schedule of Investments (unaudited)*** | ***Schedule of Investments (unaudited)*** | ***Schedule of Investments (unaudited)*** |
| **Shares** |  | **Value** |
| **UNITED STATES COMMON STOCKS - 41.87%** | **UNITED STATES COMMON STOCKS - 41.87%** | |
| | **Energy - 23.84%** | |
| 43300 | Archrock, Inc. | $429103 |
| 5200 | Cactus, Inc. - Class A | 281372 |
| 14400 | Cheniere Energy, Inc. | 2200176 |
| 400 | Chevron Corp. | 69608 |
| 81250 | Clearway Energy, Inc. - Class A | 2604063 |
| 73970 | DT Midstream, Inc. | 4043200 |
| 23799 | Enbridge, Inc. | 975045 |
| 1100 | Enphase Energy, Inc. (a) | 243518 |
| 19400 | Exxon Mobil Corp. | 2250594 |
| 23100 | Halliburton Co. | 952182 |
| 6400 | Helmerich & Payne, Inc. | 310016 |
| 89920 | Kinder Morgan, Inc. | 1645536 |
| 1800 | Nabors Industries, Ltd. (a) | 319572 |
| 14800 | NOV, Inc. | 361712 |
| 19012 | ONEOK, Inc. | 1301942 |
| 18700 | Patterson-UTI Energy, Inc. | 314160 |
| 28280 | Quanta Services, Inc. | 4303933 |
| 20800 | Schlumberger NV | 1185184 |
| 32400 | Targa Resources Corp. | 2430648 |
| 44709 | The Williams Companies, Inc. | 1441418 |
|  |  | 27662982 |
|  | **Utilities - 18.03%** |  |
| 16010 | Alliant Energy Corp. | 865020 |
| 16915 | American Electric Power Co., Inc. | 1589333 |
| 100 | American Water Works Co., Inc. | 15649 |
| 1300 | Atmos Energy Corp. | 152802 |
| 9790 | CenterPoint Energy, Inc. | 294875 |
| 2960 | CMS Energy Corp. | 187042 |
| 2990 | Constellation Energy Corp. | 255226 |
| 9740 | DTE Energy Co. | 1133444 |
| 2990 | Duke Energy Corp. | 306326 |
| 24300 | Evergy, Inc. | 1522395 |
| 14620 | Eversource Energy | 1203665 |
| 17270 | Exelon Corp. | 728621 |
| 34200 | National Fuel Gas Co. | 1985652 |
| 3100 | New Jersey Resources Corp. | 154752 |
| 13861 | NextEra Energy, Inc. | 1034446 |
| 7175 | ONE Gas, Inc. | 590933 |
| 28640 | PPL Corp. | 847744 |
| 38420 | Public Service Enterprise Group, Inc. | 2379351 |
| 5300 | Sempra Energy | 849749 |
| 58800 | The AES Corp. | 1611708 |
| 30390 | The Southern Co. | 2056795 |
| 6040 | WEC Energy Group, Inc. | 567700 |
| 8590 | Xcel Energy, Inc. | 590734 |
|  |  | 20923962 |
|  | **TOTAL UNITED STATES COMMON STOCKS (Cost $45,783,287)** | **48586944** |
| **MASTER LIMITED PARTNERSHIPS - 30.83%** | **MASTER LIMITED PARTNERSHIPS - 30.83%** |  |
|  | **Consumer Cyclicals - 1.60%** |  |
| 72488 | Westlake Chemical Partners, LP | 1852793 |
|  | **Energy - 29.23%** |  |
| 59974 | Cheniere Energy Partners LP | 3272781 |
| 561100 | Energy Transfer, LP | 7451408 |
| 16000 | EnLink Midstream LLC (b) | 203520 |
| 188334 | Enterprise Products Partners, LP | 4821351 |
| 96660 | Hess Midstream, LP - Class A (b) | 2984861 |
| 5910 | Holly Energy Partners, LP | 111463 |
| 119463 | Magellan Midstream Partners, LP | 6379324 |
| 65500 | MPLX, LP | 2287260 |
| 36380 | NextEra Energy Partners, LP (b) | 2666654 |
| 209360 | Plains GP Holdings, LP - Class A (b) | 2740522 |
| 22600 | USA Compression Partners, LP | 467820 |
| 19600 | Western Midstream Partners, LP | 529592 |
|  |  | 33916556 |
|  | **TOTAL MASTER LIMITED PARTNERSHIPS (Cost $31,817,017)** | **35769349** |
| **CANADIAN COMMON STOCKS - 7.28%** | **CANADIAN COMMON STOCKS - 7.28%** |  |
|  | **Energy - 2.47%** |  |
| 77190 | Keyera Corp. | 1760713 |
| 25493 | TC Energy Corp. | 1099768 |
|  |  | 2860481 |
|  | **Utilities - 4.81%** |  |
| 161701 | AltaGas, Ltd. | 3023652 |
| 64250 | Atco, Ltd. - Class I | 2044527 |
| 2810 | Canadian Utilities, Ltd. - Class A | 78098 |
| 7700 | Emera, Inc. | 306599 |
| 2150 | Fortis, Inc. | 88340 |
| 1500 | Northland Power, Inc. | 40292 |
|  |  | 5581508 |
|  | **TOTAL CANADIAN COMMON STOCKS (Cost $9,524,376)** | **8441989** |
| **BRITISH COMMON STOCKS - 5.41%** | **BRITISH COMMON STOCKS - 5.41%** |  |
|  | **Energy - 5.41%** |  |
| 93100 | BP PLC - ADR | 3373013 |
| 49300 | Shell PLC - ADR | 2899333 |
|  | **TOTAL BRITISH COMMON STOCKS (Cost $5,374,298)** | **6272346** |
| **SPANISH COMMON STOCKS - 1.55%** | **SPANISH COMMON STOCKS - 1.55%** |  |
|  | **Energy - 0.72%** |  |
| 38500 | EDP Renovaveis SA | 834800 |
|  | **Utilities - 0.83%** |  |
| 20440 | Iberdrola SA - ADR | 960680 |
|  | **TOTAL SPANISH COMMON STOCKS (Cost $1,949,160)** | **1795480** |
| **FRENCH COMMON STOCKS - 1.45%** | **FRENCH COMMON STOCKS - 1.45%** |  |
|  | **Energy - 1.45%** |  |
| 27200 | TotalEnergies SE - ADR | 1687488 |
|  | **TOTAL FRENCH COMMON STOCKS (Cost $1,368,098)** | **1687488** |
| **ITALIAN COMMON STOCKS - 1.04%** | **ITALIAN COMMON STOCKS - 1.04%** |  |
|  | **Utilities - 1.04%** |  |
| 207156 | Enel SpA - ADR | 1207720 |
|  | **TOTAL ITALIAN COMMON STOCKS (Cost $1,376,382)** | **1207720** |
| **DANISH COMMON STOCKS - 0.03%** | **DANISH COMMON STOCKS - 0.03%** |  |
|  | **Energy - 0.03%** |  |
| 1205 | Orsted A/S - ADR | 35560 |
|  | **TOTAL DANISH COMMON STOCKS (Cost $52,964)** | **35560** |
| **Shares** |  |  |
| **SHORT TERM INVESTMENTS - 8.07%** | **SHORT TERM INVESTMENTS - 8.07%** |  |
|  | **Money Market Funds - 8.07%** |  |
| 9360196 | First American Treasury Obligations, Class Z, |  |
|  | &nbsp;&nbsp;&nbsp; Effective Yield, 4.20% (c) | 9360196 |
|  | **Total Short Term Investments (Cost $9,360,196)** | **9360196** |
|  | **Total Investments in Securities (Cost $106,605,778) - 97.53%** | **113157072** |
|  | **Other Assets in Excess of Liabilities - 2.47%** | **2866890** |
|  | **NET ASSETS - 100.00%** | $**116023962** |

---

---

| | |
|:---|:---|
| Percentages are stated as a percentage of net assets. | Percentages are stated as a percentage of net assets. |
| (a) | Non-income producing security. |
| (b) | This security has elected to be treated as a corporation for U.S. federal income tax purposes. |
| (c) | Seven-day yield as of January 31, 2023. |
| ADR | American Depositary Receipt |

---

------

---

| |
|:---|
| ***Schedule of Total Return Swaps (unaudited)*** |
| For each of the following total return swaps the Fund receives the total return on reference entity, the counterparty is BNP Paribas Prime Brokerage, Inc., the payment frequency is monthly, the financing rate is the daily OBFR (Overnight Bank Funding Rate) + 90 basis points and there were no upfront premiums paid or received. |
| The amount of $1,210,000 in cash was segregated with the custodian to cover the following total return swaps outstanding at January 31, 2023: |

---

---

| | | | |
|:---|:---|:---|:---|
| **Long Total** <br> **Return Equity**<br> **Swaps** | **Expiration Date** | **Notional** <br> **Amount<sup>(1)</sup>** | **Unrealized** <br> **Appreciation** <br> (Depreciation)<sup>(2)</sup> |
| **American Water Works Co., Inc.** | **American Water Works Co., Inc.** | |  |
|  | 05/22/2023 | $44027 | $(293) |
| **Atmos Energy Corp.** | **Atmos Energy Corp.** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 417057 | 12353 |
| **Cheniere Energy, Inc.** | **Cheniere Energy, Inc.** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 74935 | 1319 |
| **Clearway Energy, Inc. - Class A** | **Clearway Energy, Inc. - Class A** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 338208 | (5526) |
| **DT Midstream, Inc.** | **DT Midstream, Inc.** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 322258 | (372) |
| **Enbridge, Inc.** |  |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 125040 | (2366) |
| **Enterprise Products Partners, LP** | **Enterprise Products Partners, LP** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp;2617853 | 50394 |
| **IDACORP, Inc.** |  |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 579844 | (8505) |
| **Kinder Morgan, Inc.** | **Kinder Morgan, Inc.** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 67188 | (992) |
| **New Jersey Resources Corp.** | **New Jersey Resources Corp.** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 447846 | (5900) |
| **PPL Corp.** |  |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 45885 | (1572) |
| **Sempra Energy** |  |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 807232 | (8707) |
| **The Williams Companies, Inc.** | **The Williams Companies, Inc.** |  |  |
|  | 05/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 110469 | (2028) |
|  | **Total** | **$5997842** | $**27805** |
| <sup>(1)</sup> The notional amount represents the U.S. dollar value of the contract as of the day of the opening of the transaction or latest contract reset date. | <sup>(1)</sup> The notional amount represents the U.S. dollar value of the contract as of the day of the opening of the transaction or latest contract reset date. | <sup>(1)</sup> The notional amount represents the U.S. dollar value of the contract as of the day of the opening of the transaction or latest contract reset date. | <sup>(1)</sup> The notional amount represents the U.S. dollar value of the contract as of the day of the opening of the transaction or latest contract reset date. |
| <sup>(2)</sup> Amounts include $39,890 of net dividends and financing costs. | <sup>(2)</sup> Amounts include $39,890 of net dividends and financing costs. | <sup>(2)</sup> Amounts include $39,890 of net dividends and financing costs. | <sup>(2)</sup> Amounts include $39,890 of net dividends and financing costs. |

---

------

---

| | |
|:---|:---|
| EIP Growth and Income Fund | EIP Growth and Income Fund |
| Notes to Schedule of Investments (unaudited) | January 31, 2023 |
| **Security Valuation:** For purposes of valuing investment securities, readily marketable portfolio securities listed on any exchange or the National Association of Securities Dealers Automated Quotation System ("NASDAQ") Global Market are valued, except as indicated below, at the last sale price or the NASDAQ Official Closing Price as determined by NASDAQ on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and asked price on such day. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day of which such value is being determined at the close of the exchange representing the principal market for such securities. Investments initially valued in currencies other than the U.S. dollar are converted to U.S. dollars using exchange rates obtained from third party pricing services ("pricing service"). As a result, the net asset value ("NAV") of the Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside of the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the New York Stock Exchange ("NYSE") is closed and an investor is not able to purchase or redeem shares. | **Security Valuation:** For purposes of valuing investment securities, readily marketable portfolio securities listed on any exchange or the National Association of Securities Dealers Automated Quotation System ("NASDAQ") Global Market are valued, except as indicated below, at the last sale price or the NASDAQ Official Closing Price as determined by NASDAQ on the business day as of which such value is being determined. If there has been no sale on such day, the securities are valued at the mean of the most recent bid and asked price on such day. Portfolio securities traded on more than one securities exchange are valued at the last sale price on the business day of which such value is being determined at the close of the exchange representing the principal market for such securities. Investments initially valued in currencies other than the U.S. dollar are converted to U.S. dollars using exchange rates obtained from third party pricing services ("pricing service"). As a result, the net asset value ("NAV") of the Fund's shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside of the United States or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the New York Stock Exchange ("NYSE") is closed and an investor is not able to purchase or redeem shares. |
| Equity securities traded in the over-the-counter ("OTC") market, but excluding securities trading on the NASDAQ Global Market, are valued at the last sale price in the OTC market if the security is traded on that day, or, if the OTC security does not trade on a particular day, the OTC security is valued at the mean between the last quoted bid and ask prices. Debt securities are priced based upon valuations provided by a pricing service. These pricing services may employ methodologies that utilize actual market transactions, broker-dealer supplied valuation, or other electronic data processing techniques. Such techniques generally consider such factors as security prices, yields, maturities, call features, ratings and developments relating to specific securities in arriving at valuations. If reliable market quotations are not readily available with respect to a portfolio security held by the Fund, including any illiquid securities, or if a valuation is deemed inappropriate, the fair value of such security will be determined under procedures adopted by the Board of Trustees of the Trust (the "Board") in a manner designed to fairly reflect a fair market value of the security on the valuation date as described below. | Equity securities traded in the over-the-counter ("OTC") market, but excluding securities trading on the NASDAQ Global Market, are valued at the last sale price in the OTC market if the security is traded on that day, or, if the OTC security does not trade on a particular day, the OTC security is valued at the mean between the last quoted bid and ask prices. Debt securities are priced based upon valuations provided by a pricing service. These pricing services may employ methodologies that utilize actual market transactions, broker-dealer supplied valuation, or other electronic data processing techniques. Such techniques generally consider such factors as security prices, yields, maturities, call features, ratings and developments relating to specific securities in arriving at valuations. If reliable market quotations are not readily available with respect to a portfolio security held by the Fund, including any illiquid securities, or if a valuation is deemed inappropriate, the fair value of such security will be determined under procedures adopted by the Board of Trustees of the Trust (the "Board") in a manner designed to fairly reflect a fair market value of the security on the valuation date as described below. |
| The use of fair value pricing by the Fund indicates that a readily available market quotation is unavailable (such as when the exchange on which a security trades does not open for the day due to extraordinary circumstances and no other market prices are available or when events occur after the close of a relevant market and prior to the close of the NYSE that materially affect the value of an asset) and in such situations the Manager, acting pursuant to policies adopted by the Board, will estimate a fair value of a security using available information. In such situations, the values assigned to such securities may not necessarily represent the amounts which might be realized upon their sale. The use of fair value pricing by the Fund will be governed by valuation procedures adopted by the Trust's Board, and in accordance with the provisions of the 1940 Act. | The use of fair value pricing by the Fund indicates that a readily available market quotation is unavailable (such as when the exchange on which a security trades does not open for the day due to extraordinary circumstances and no other market prices are available or when events occur after the close of a relevant market and prior to the close of the NYSE that materially affect the value of an asset) and in such situations the Manager, acting pursuant to policies adopted by the Board, will estimate a fair value of a security using available information. In such situations, the values assigned to such securities may not necessarily represent the amounts which might be realized upon their sale. The use of fair value pricing by the Fund will be governed by valuation procedures adopted by the Trust's Board, and in accordance with the provisions of the 1940 Act. |
| Swap agreements are valued utilizing quotes received daily by the Fund's pricing service. These pricing services may employ methodologies that utilize actual market transactions, broker-dealer supplied valuation, or other electronic data processing techniques. | Swap agreements are valued utilizing quotes received daily by the Fund's pricing service. These pricing services may employ methodologies that utilize actual market transactions, broker-dealer supplied valuation, or other electronic data processing techniques. |
| *Fair Value Measurement:* The inputs and valuation techniques used to measure fair value of the Fund's net assets are summarized into three levels as described in the hierarchy below: | *Fair Value Measurement:* The inputs and valuation techniques used to measure fair value of the Fund's net assets are summarized into three levels as described in the hierarchy below: |
| • Level 1 – unadjusted quoted prices in active markets for identical assets and liabilities<br> • Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, evaluation pricing, etc.)<br> • Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of assets and liabilities) | • Level 1 – unadjusted quoted prices in active markets for identical assets and liabilities<br> • Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, evaluation pricing, etc.)<br> • Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of assets and liabilities) |
| The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. A summary of the values of each investment in each level as of January 31, 2023 is as follows: | The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. A summary of the values of each investment in each level as of January 31, 2023 is as follows: |

---

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| | | | | |
|:---|:---|:---|:---|:---|
|  | | | **Level 2** | **Level 3** |
|  | **Total** | **Level 1** | **Significant** | **Significant** |
|  | **Value at** | **Quoted** | **Observable** | **Unobservable** |
|  | **01/31/2023** | **Price** | **Inputs** | **Inputs** |
| **ASSETS** | | | | |
| United States Common Stock | $48586944 | $48586944 | $– | $– |
| Master Limited Partnerships | 35769349 | 35769349 | – | – |
| Canadian Common Stock | 8441989 | 8441989 | – | – |
| British Common Stock | 6272346 | 6272346 | – | – |
| Spanish Common Stock | 1795480 | 1795480 | – | – |
| French Common Stock | 1687488 | 1687488 | – | – |
| Italian Common Stock | 1207720 | 1207720 | – | – |
| Danish Common Stock | 35560 | 35560 | – | – |
| Short Term Investments | 9360196 | 9360196 | – | – |
| Other Financial Instruments\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Equity Contracts - Swaps | 64066 | – | 64066 | – |
| Total | $113221138 | $113157072 | $64066 | $– |
| **LIABILITIES** |  |  |  |  |
| Other Financial Instruments\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Equity Contracts - Swaps | (36261) | – | (36261) | – |
| Total | $(36261) | $– | $(36261) | $– |
| \*Other Financial Instruments, such as swaps, are not reflected in the Schedule of Investments and are reflected at the unrealized appreciation (depreciation) on the instrument. | \*Other Financial Instruments, such as swaps, are not reflected in the Schedule of Investments and are reflected at the unrealized appreciation (depreciation) on the instrument. | \*Other Financial Instruments, such as swaps, are not reflected in the Schedule of Investments and are reflected at the unrealized appreciation (depreciation) on the instrument. | \*Other Financial Instruments, such as swaps, are not reflected in the Schedule of Investments and are reflected at the unrealized appreciation (depreciation) on the instrument. | \*Other Financial Instruments, such as swaps, are not reflected in the Schedule of Investments and are reflected at the unrealized appreciation (depreciation) on the instrument. |
| For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. | For further information regarding security characteristics, see the Schedule of Investments. |
| The Fund did not have any transfers in or out of Level 3 during the three months ended January 31, 2023. Transfers in and out of levels are recognized at market value at the end of the period. | The Fund did not have any transfers in or out of Level 3 during the three months ended January 31, 2023. Transfers in and out of levels are recognized at market value at the end of the period. | The Fund did not have any transfers in or out of Level 3 during the three months ended January 31, 2023. Transfers in and out of levels are recognized at market value at the end of the period. | The Fund did not have any transfers in or out of Level 3 during the three months ended January 31, 2023. Transfers in and out of levels are recognized at market value at the end of the period. | The Fund did not have any transfers in or out of Level 3 during the three months ended January 31, 2023. Transfers in and out of levels are recognized at market value at the end of the period. |
| At the end of each calendar quarter, management evaluates the Level 2 and Level 3 securities, if applicable, for changes in liquidity, including but not limited to: whether a broker is willing to execute at the quoted price, the depth and consistency of prices from pricing services, and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the Level 1 and Level 2 securities on a quarterly basis for changes in listings or delistings on national exchanges. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. | At the end of each calendar quarter, management evaluates the Level 2 and Level 3 securities, if applicable, for changes in liquidity, including but not limited to: whether a broker is willing to execute at the quoted price, the depth and consistency of prices from pricing services, and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the Level 1 and Level 2 securities on a quarterly basis for changes in listings or delistings on national exchanges. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. | At the end of each calendar quarter, management evaluates the Level 2 and Level 3 securities, if applicable, for changes in liquidity, including but not limited to: whether a broker is willing to execute at the quoted price, the depth and consistency of prices from pricing services, and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the Level 1 and Level 2 securities on a quarterly basis for changes in listings or delistings on national exchanges. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. | At the end of each calendar quarter, management evaluates the Level 2 and Level 3 securities, if applicable, for changes in liquidity, including but not limited to: whether a broker is willing to execute at the quoted price, the depth and consistency of prices from pricing services, and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the Level 1 and Level 2 securities on a quarterly basis for changes in listings or delistings on national exchanges. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. | At the end of each calendar quarter, management evaluates the Level 2 and Level 3 securities, if applicable, for changes in liquidity, including but not limited to: whether a broker is willing to execute at the quoted price, the depth and consistency of prices from pricing services, and the existence of contemporaneous, observable trades in the market. Additionally, management evaluates the Level 1 and Level 2 securities on a quarterly basis for changes in listings or delistings on national exchanges. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Fund's investments may fluctuate from period to period. |
| Additionally, the fair value of investments may differ significantly from the values that would have been used had a market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities. | Additionally, the fair value of investments may differ significantly from the values that would have been used had a market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities. | Additionally, the fair value of investments may differ significantly from the values that would have been used had a market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities. | Additionally, the fair value of investments may differ significantly from the values that would have been used had a market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities. | Additionally, the fair value of investments may differ significantly from the values that would have been used had a market existed for such investments and may differ materially from the values the Fund may ultimately realize. Further, such investments may be subject to legal and other restrictions on resale or otherwise less liquid than publicly traded securities. |

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## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** EIP Investment Trust

- **b. Investment Company Act file number:** 811-21940

- **c. CIK number of Registrant:** 0001350049

- **d. LEI of Registrant:** 549300LSVOZS0L3GO691

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 10 Wright Street

  - **City:** Westport

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06880

  - **Telephone number:** 203-349-8232

**Item A.2. Information about the Series.**

- **a. Name of Series:** EIP Growth and Income Fund

- **b. EDGAR series identifier (if any):** S000013896

- **c. LEI of Series:** 549300LSVOZS0L3GO691

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $116283427.32

**Total Liabilities:** $290646.96

**Net Assets:** $115992780.36

**Cash Not Reported:** $1230406.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038105 | 4.69%                | -3.72%               | 3.25%                |
| Class ID C000176273 | 4.64%                | -3.75%               | 3.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2167972.78              | $2728533.62                                |
| Month 2  | $464936.69               | $-4708488.76                               |
| Month 3  | $744985.51               | $2630187.89                                |

### Schedule of Portfolio Investments

| Name                           | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES Corp/The                   | AES Corp/The                             | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     58800 | NS      | $1611708.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp            | Alliant Energy Corp                      | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     16010 | NS      | $865020.30    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc           | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     16915 | NS      | $1589333.40   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc              | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       100 | NS      | $15649.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp              | Atmos Energy Corp                        | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      1300 | NS      | $152802.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                         | BP PLC                                   | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |     93100 | NS      | $3373013.00   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                     | Cactus Inc                               | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      5200 | NS      | $281372.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc         | CenterPoint Energy Inc                   | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      9790 | NS      | $294874.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Partners LP    | Cheniere Energy Partners LP              | CUSIP: 16411Q101<br>LEI: 5493005UEC8AZ34LDV29 | Long             | EC               | CORP              | US        |     59974 | NS      | $3272781.18   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                      | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     14400 | NS      | $2200176.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $69608.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                      | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     81250 | NS      | $2604062.50   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Atco Ltd/Canada                | Atco Ltd/Canada                          | CUSIP: 046789400<br>LEI: 5299005SPZ1QYL51JD25 | Long             | EC               | CORP              | CA        |     64250 | NS      | $2044526.70   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      2990 | NS      | $255226.40    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Utilities Ltd         | Canadian Utilities Ltd                   | CUSIP: 136717832<br>LEI: LWV4QIQODEH3VBHUFX07 | Long             | EC               | CORP              | CA        |      2810 | NS      | $78098.38     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                  | DTE Energy Co                            | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      9740 | NS      | $1133443.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc               | DT Midstream Inc                         | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73970 | NS      | $4043200.20   | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis Inc/Canada              | Fortis Inc/Canada                        | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |      2150 | NS      | $88339.78     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2990 | NS      | $306325.50    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                      | Emera Inc                                | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |      7700 | NS      | $306599.53    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                   | Enbridge Inc                             | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     23799 | NS      | $975045.03    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                       | Enel SpA                                 | CUSIP: 29265W207<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    207156 | NS      | $1207719.48   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                       | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    561100 | NS      | $7451408.00   | 6.42%             |  |  |  | No            |                  1 | On Loan: No      |
| EnLink Midstream LLC           | EnLink Midstream LLC                     | CUSIP: 29336T100<br>LEI: 54930000GY1H533OBE23 | Long             | EC               | CORP              | US        |     16000 | NS      | $203520.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                       | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      1100 | NS      | $243518.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L | Enterprise Products Partners LP          | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    188334 | NS      | $4821350.40   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                               | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     24300 | NS      | $1522395.00   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V542<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   9339841 | NS      | $9339841.24   | 8.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                 | Halliburton Co                           | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     23100 | NS      | $952182.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc          | Helmerich & Payne Inc                    | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |      6400 | NS      | $310016.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP              | Hess Midstream LP                        | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96660 | NS      | $2984860.80   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Holly Energy Partners LP       | Holly Energy Partners LP                 | CUSIP: 435763107<br>LEI: 529900NVV7ODCT0QCG29 | Long             | EC               | CORP              | US        |      5910 | NS      | $111462.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                             | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     20440 | NS      | $960680.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                        | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     89920 | NS      | $1645536.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                        | MPLX LP                                  | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |     65500 | NS      | $2287260.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Midstream Partners LP | Magellan Midstream Partners LP           | CUSIP: 559080106<br>LEI: MZF5TI8NFVZZNUSKDL39 | Long             | EC               | CORP              | US        |    122380 | NS      | $6535092.00   | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                        | NOV Inc                                  | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     14800 | NS      | $361712.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp      | New Jersey Resources Corp                | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      3100 | NS      | $154752.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Partners LP     | NextEra Energy Partners LP               | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     36380 | NS      | $2666654.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     19012 | NS      | $1301941.76   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                 | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     28640 | NS      | $847744.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou | Public Service Enterprise Group Inc      | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     38420 | NS      | $2379350.60   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     28280 | NS      | $4303933.20   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     49300 | NS      | $2899333.00   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Ltd               | Schlumberger Ltd                         | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     20800 | NS      | $1185184.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                  | Sempra Energy                            | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      5300 | NS      | $849749.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                          | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     30390 | NS      | $2056795.20   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                     | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     32400 | NS      | $2430648.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TC Energy Corp                 | TC Energy Corp                           | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |     35493 | NS      | $1531168.02   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE               | TotalEnergies SE                         | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     27200 | NS      | $1687488.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Compression Partners LP    | USA Compression Partners LP              | CUSIP: 90290N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22600 | NS      | $467820.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                     | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |      6040 | NS      | $567699.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP  | Western Midstream Partners LP            | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19600 | NS      | $529592.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Chemical Partners LP  | Westlake Chemical Partners LP            | CUSIP: 960417103<br>LEI: 5493001UJXZP4TJUQM76 | Long             | EC               | CORP              | US        |     74678 | NS      | $1908769.68   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                     | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     44709 | NS      | $1441418.16   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                          | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      8590 | NS      | $590734.30    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA              | EDP Renovaveis SA                        | CUSIP: N/A<br>LEI: 529900MUFAH07Q1TAX06       | Long             | EC               | CORP              | ES        |     38500 | NS      | $834800.07    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyera Corp                    | Keyera Corp                              | CUSIP: 493271100<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     77190 | NS      | $1760712.86   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AltaGas Ltd                    | AltaGas Ltd                              | CUSIP: 021361100<br>LEI: 549300D7A8QA85Z2MH11 | Long             | EC               | CORP              | CA        |    161701 | NS      | $3023652.53   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Northland Power Inc            | Northland Power Inc                      | CUSIP: 666511100<br>LEI: 549300IT8CIDW8V5KX72 | Long             | EC               | CORP              | CA        |      1500 | NS      | $40291.61     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nabors Industries Ltd          | Nabors Industries Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1800 | NS      | $319572.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                   | Archrock Inc                             | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |     43300 | NS      | $429103.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                | CMS Energy Corp                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      2960 | NS      | $187042.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy              | Eversource Energy                        | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     14620 | NS      | $1203664.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     17270 | NS      | $728621.30    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     19400 | NS      | $2250594.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                     | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     34200 | NS      | $1985652.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                       | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13861 | NS      | $1034446.43   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                    | ONE Gas Inc                              | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      7175 | NS      | $590933.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                      | Orsted AS                                | CUSIP: 68750L102<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |      1205 | NS      | $35559.55     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc       | Patterson-UTI Energy Inc                 | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |     18700 | NS      | $314160.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP          | Plains GP Holdings LP                    | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |    209360 | NS      | $2740522.40   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AMERICAN WATER WORKS CO INC              | CUSIP: 030420103<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-292.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ATMOS ENERGY CORP                        | CUSIP: 049560105<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $12353.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CHENIERE ENERGY INC                      | CUSIP: 16411R208<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $1318.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CLEARWAY ENERGY INC-A                    | CUSIP: 18539C105<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-5525.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | DT MIDSTREAM INC                         | CUSIP: 23345M107<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-371.46      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ENBRIDGE INC                             | CUSIP: 29250N105<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-2365.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | ENTERPRISE PRODUCTS PARTNERS             | CUSIP: 293792107<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $50393.75     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IDACORP INC                              | CUSIP: 451107106<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-8504.71     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | KINDER MORGAN INC                        | CUSIP: 49456B101<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-992.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NEW JERSEY RESOURCES CORP                | CUSIP: 646025106<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-5900.09     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | PPL CORP                                 | CUSIP: 69351T106<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-1571.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SEMPRA ENERGY                            | CUSIP: 816851109<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-8707.23     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | WILLIAMS COS INC                         | CUSIP: 969457100<br>LEI: N/A                  | N/A              | DE               |  | US        |         1 | NC      | $-2028.03     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-13

**Name of Applicant:** EIP Investment Trust

**Signature:** /s/ Bruno Dos Santos

**Name of Signer:** EIP Investment Trust

**Title:** Treasurer/ Principal Financial and Accounting Officer