Eagle MLP Strategy Fund (EGLIX)
The fund seeks to achieve its objective by investing, under normal conditions, at least 80% of its assets (net assets plus borrowings for investment purposes) in master limited partnerships ("MLPs") and MLP-related securities. The manager defines MLP-related securities as general partners of MLPs, MLP institutional securities, exchange-traded notes ("ETNs") that derive their returns from a master limited partnership index, structured notes or options that derive their returns from a basket of MLPs, or other publicly traded partnerships or limited liability companies. It is non-diversified.
Fund Info
| ISIN | US66537Y3146 |
|---|---|
| CUSIP | 66537Y314 |
| Issuer | Eagle MLP |
| Inception Date | Sep 13, 2012 |
| Category | Energy Equities |
| Min. Investment | $100,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
EGLIX has a high expense ratio of 1.40%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Eagle MLP Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Eagle MLP Strategy Fund had a return of 13.15% year-to-date (YTD) and 33.41% in the last 12 months. Over the past 10 years, Eagle MLP Strategy Fund had an annualized return of 2.06%, while the S&P 500 had an annualized return of 10.64%, indicating that Eagle MLP Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.15% | 7.50% |
| 1 month | -1.54% | -1.61% |
| 6 months | 14.19% | 17.65% |
| 1 year | 33.41% | 26.26% |
| 5 years (annualized) | 13.16% | 11.73% |
| 10 years (annualized) | 2.06% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.26% | 4.61% | 7.93% | -0.17% | ||||||||
| 2023 | -0.30% | 6.83% | -1.66% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of EGLIX is 90, placing it in the top 10% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Eagle MLP Strategy Fund(EGLIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Eagle MLP Strategy Fund (EGLIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Eagle MLP Strategy Fund granted a 5.67% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.45 | $0.37 | $0.29 | $0.43 | $0.47 | $0.46 | $0.53 | $0.57 | $0.59 | $0.61 | $0.31 |
Dividend yield | 5.67% | 5.85% | 5.25% | 5.24% | 10.88% | 8.08% | 8.12% | 7.10% | 6.38% | 8.61% | 4.74% | 2.43% |
Monthly Dividends
The table displays the monthly dividend distributions for Eagle MLP Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.12 | $0.00 | $0.00 | $0.12 | ||||||||
| 2023 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 |
| 2022 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 |
| 2021 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 |
| 2020 | $0.17 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 |
| 2019 | $0.14 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 |
| 2018 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 |
| 2017 | $0.16 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 |
| 2016 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 |
| 2015 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 |
| 2014 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Eagle MLP Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Eagle MLP Strategy Fund was 78.89%, occurring on Mar 18, 2020. Recovery took 998 trading sessions.
The current Eagle MLP Strategy Fund drawdown is 2.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -78.89% | Sep 2, 2014 | 1396 | Mar 18, 2020 | 998 | Mar 6, 2024 | 2394 |
| -8.8% | Oct 8, 2012 | 27 | Nov 15, 2012 | 31 | Jan 2, 2013 | 58 |
| -8.17% | May 22, 2013 | 23 | Jun 24, 2013 | 83 | Oct 21, 2013 | 106 |
| -5.65% | Jul 2, 2014 | 25 | Aug 6, 2014 | 7 | Aug 15, 2014 | 32 |
| -4.25% | Apr 26, 2024 | 4 | May 1, 2024 | — | — | — |
Volatility
Volatility Chart
The current Eagle MLP Strategy Fund volatility is 4.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.