EIP Growth and Income Fund
Schedule of Investments
July 31, 2026 (Unaudited)

COMMON STOCKS - 65.0%

Shares  

Value  
Canada - 2.8%

Construction & Engineering - 1.0%




Stantec, Inc.

            6,600

    $        465,234
WSP Global, Inc.

            3,700

             452,045





             917,279
Energy - 0.5% (a)




Keyera Corp.

            10,630

             451,633






Utilities - 1.3% (a)




AltaGas, Ltd.

            5,701

             226,844
Atco Ltd. - Class I

            16,821

             957,652





             1,184,496
Total Canada

             2,553,408






France - 0.9%

Energy Equipment & Services - 0.9%




Technip Energies NV - ADR

            22,700

             786,101






Italy - 0.3%

Utilities - 0.3% (a)




Enel SpA - ADR

            21,584

             242,820






United Kingdom - 0.6%

Energy Equipment & Services - 0.6%




TechnipFMC PLC

            7,680

             550,349






United States - 60.4% (b)

Construction & Engineering - 1.7%




Quanta Services, Inc.

            525

             350,364
Tetra Tech, Inc.

            36,300

             1,203,708





             1,554,072
Electrical Equipment - 0.6%




Generac Holdings, Inc. (c)

            2,870

             565,706






Energy - 13.6% (a)




Cheniere Energy, Inc.

            5,170

             1,362,657
Core Natural Resources, Inc.

            8,200

             654,688
DT Midstream, Inc.

            4,760

             656,880
EQT Corp.

            13,000

             692,770
ExxonMobil Holdings Corp.

            9,350

             1,453,364
Gulfport Energy Corp. (c)

            1,850

             298,535
Kinder Morgan, Inc.

            58,240

             1,874,163
ONEOK, Inc.

            29,195

             2,651,198
Phillips 66

            1,600

             338,688
Range Resources Corp.

            23,500

             943,290
Targa Resources Corp.

            3,900

             1,054,443
The Williams Companies, Inc.

            2,919

             208,825





             12,189,501
Energy Equipment & Services - 1.6%




Archrock, Inc.

            12,270

             438,775
Cactus, Inc. - Class A

            3,610

             234,686
Halliburton Co.

            16,350

             527,288


NOV, Inc.

            10,380

             201,683





             1,402,432
Independent Power and Renewable Electricity Producers - 1.9%




Clearway Energy, Inc. - Class C

            46,630

             1,479,570
Vistra Corp.

            1,530

             226,731





             1,706,301
Machinery - 0.3%




Cummins, Inc.

            410

             260,022






Professional Services - 1.2%




Jacobs Solutions, Inc.

            8,170

             1,102,378






Utilities - 39.5% (a)




Alliant Energy Corp.

            20,190

             1,429,048
Ameren Corp.

            7,810

             856,054
American Electric Power Co., Inc.

            8,119

             1,038,014
Atmos Energy Corp.

            7,640

             1,320,039
CenterPoint Energy, Inc.

            23,080

             970,283
Chesapeake Utilities Corp.

            3,570

             474,025
CMS Energy Corp.

            14,556

             1,047,886
Constellation Energy Corp.

            820

             215,455
Dominion Energy, Inc.

            11,260

             778,854
DTE Energy Co.

            4,384

             621,958
Duke Energy Corp.

            13,928

             1,746,989
Entergy Corp.

            13,540

             1,457,175
Evergy, Inc.

            15,430

             1,280,844
FirstEnergy Corp.

            39,500

             1,908,245
IDACORP, Inc.

            8,860

             1,266,183
National Fuel Gas Co.

            41,970

             3,454,551
New Jersey Resources Corp.

            16,660

             964,447
NextEra Energy, Inc.

            7,400

             643,208
OGE Energy Corp.

            31,800

             1,505,730
ONE Gas, Inc.

            28,125

             2,183,906
PG&E Corp.

            27,600

             479,688
PPL Corp.

            48,990

             1,724,938
Public Service Enterprise Group, Inc.

            17,200

             1,318,896
Sempra Energy

            20,050

             1,775,428
The Southern Co.

            19,150

             1,810,441
UGI Corp.

            20,300

             733,236
WEC Energy Group, Inc.

            11,400

             1,247,388
Xcel Energy, Inc.

            13,864

             1,084,165





             35,337,074
Total United States

             54,117,486
TOTAL COMMON STOCKS (Cost $49,392,646)

             58,250,164






MASTER LIMITED PARTNERSHIPS - 27.5%

Units  

Value  
United States - 27.5% (b)

Chemicals - 0.2%




Westlake Chemical Partners, LP

            8,959

             193,873






Energy - 27.3% (a)




Alliance Resource Partners, LP

            18,200

             472,290
Cheniere Energy Partners LP

            15,265

             1,005,963
Energy Transfer, LP

            317,970

             6,473,869
Enterprise Products Partners, LP

            209,514

             7,972,008
MPLX, LP

            63,590

             3,716,836
Plains GP Holdings LP (d)

            109,890

             2,893,404
Sunoco LP

            11,720

             898,807


TXO Partners LP

            72,480

             973,406





             24,406,583
Total United States

             24,600,456
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $15,401,925)

             24,600,456






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 7.1%
Shares  

Value  
First American Treasury Obligations Fund - Class Z, 3.56% (e)

            6,327,822

             6,327,822
TOTAL MONEY MARKET FUNDS (Cost $6,327,822)

             6,327,822






TOTAL INVESTMENTS - 99.6% (Cost $71,122,393)

             89,178,442
Other Assets in Excess of Liabilities - 0.4%
0.00401
            359,319
TOTAL NET ASSETS - 100.0%




    $        89,537,761


Percentages are stated as a percent of net assets.




ADR - American Depositary Receipt
LP - Limited Partnership
PLC - Public Limited Company



(a)

To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect that industry or sector.
(b)

To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country or region.
(c)
(d)

Non-income producing security.
This limited partnership has elected to be treated as a corporation for U.S. federal income tax purposes.
(e)

The rate shown represents the 7-day annualized yield as of July 31, 2026.



























Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)

EIP Growth and Income Fund (the “Fund”) has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        58,250,164

    $        –

    $        –

    $        58,250,164
  Master Limited Partnerships
            24,600,456

            –

            –

            24,600,456
  Money Market Funds
            6,327,822

            –

            –

            6,327,822
Total Investments
    $        89,178,442

    $        –

    $        –

    $        89,178,442




 

Refer to the Schedule of Investments for further disaggregation of investment categories.