Eagle Energy Infrastructure Fund Class A · NASDAQ:EGLAX
Eagle Energy Infrastructure Fund Class A — Investor Presentation (June 2026)
34 slides from Eagle Energy Infrastructure Fund Class A's investor presentation, June 2026
Slide 1: Eagle Energy Infrastructure Fund
Winner 2026 Fund Awards \ ) FUND AWARDS United States i ~~" 2023 WINNER 2024 Winner UNITED STATES. LSEG 6 EPP % awards 4) LSEG Lipper y/ \ REFINITIV LIPPER United States Sur EAGLE —_) ENERGY INFRASTRUCTURE FUND (© EAGLE @® PRINCETON FUND GLOBAL ADVISORS ADV ISOBibaoskdodecs
Slide 2: Risk Disclosures
Eagle Energy Infrastructure Fund Risk Disclosures Credit Risk: There is a risk that note issuers will not make payments on securities held by the Fund, resulting in losses to the Fund. In addition, the credit quality of securities held by the Fund may be lowered if an issuer's financial condition ch
Slide 3: Risk Disclosures
Eagle Energy Infrastructure Fund Risk Disclosures Market Risk: Overall securities market risks may affect the value of individual instruments in which the Fund invests. Factors such as domestic and foreign economic growth and market conditions, interest rate levels, and political events affect the s
Slide 4: Risk and Prospectus Disclosures
Eagle Energy Infrastructure Fund Risk and Prospectus Disclosures demand for crude oil, natural gas and refined petroleum products resulting from a recession or an increase in market price or higher taxes; Depletion of the natural gas reserves or other commodities if not replaced; Changes in the regu
Slide 5: An Award-Winning Fund
An Award-Winning Fund The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, whi
Slide 6: Table of Contents
Eagle Energy Infrastructure Fund Table of Contents 1. Fund Highlights 2. Midstream Energy Overview 3. The Eagle Energy Infrastructure Investment Strategy 4. Investment Performance 5. Management Team 6. Fund Information 7. Glossary 20260805-5808803 6
Slide 7: Eagle Energy Infrastructure Fund Highlights
Eagle Energy Infrastructure Fund Highlights • The Eagle Energy Infrastructure Fund (“Fund”) seeks to generate an attractive total rate of return from high current income and long-term capital appreciation through investments in energy infrastructure securities and other related investments. • The Fu
Slide 8: Midstream Energy Overview
Midstream Energy Overview 20260805-5808803
Slide 9: The Energy Supply Chain
The Energy Supply Chain • Energy Companies are broadly categorized in three segments: Upstream, Midstream and Downstream. • The Fund focuses primarily on the Midstream segment. Fund Focus 20260805-5808803 9
Slide 10: Midstream Energy Infrastructure
Midstream Energy Infrastructure • Midstream companies typically do not own the energy commodity they transport Fee-Bases Business and store, but collect revenue to act as a “toll road” or storage facility Free Cash Flow • History of generating free cash flows that is paid to investors • Midstream Co
Slide 11: Accessing MLPs and Energy Infrastructure
Accessing MLPs and Energy Infrastructure • Master Limited Partnerships (“MLPs”) are Limited Partnerships that are publicly traded and listed on major stock exchanges such as the NYSE. These Publicly Traded Partnerships (“PTPs”) are more commonly known as Master Limited Partnerships or MLPs and are h
Slide 12: Macro Environment
Macro Environment • Energy demand has recovered to pre-pandemic levels while supply has not, leading to increased energy prices worldwide. • The global community has underinvested in traditional energy for nearly a decade, a risk shrouded by the pandemic that led to widespread energy complacency. •
Slide 13: The Midstream Outlook
The Midstream Outlook We believe midstream is attractive for several reasons: • Attractive free cash flow yields provide for accelerated deleveraging and increased adoption of share buy-back programs to return value to equity holders. • High distribution coverage supports sustained and potentially g
Slide 14: The Eagle Energy Infrastructure Investment Strategy
The Eagle Energy Infrastructure Investment Strategy 20260805-5808803
Slide 15: Comparing the Eagle Energy Infrastructure Fund
Comparing the Eagle Energy Infrastructure Fund Compared to MLP Separate Accounts • 1099 vs. multiple K-1s • Accommodate small minimum purchasers • No UBTI and potentially appropriate for tax-exempt investors (Endowment/Foundation, IRA, 401k) Compared to Existing MLP Closed- & Open-End Mutual Funds •
Slide 16: The "Tax Drag"
The “Tax Drag” • Mutual funds typically qualify as regulated investment companies (“RICs”) under Subchapter M of the Internal Revenue Code of 1986 (as amended). • If a mutual fund qualifies as a RIC, the fund should not be subject to federal income tax on its net investment income or net capital gai
Slide 17: Targeted Portfolio Composition
Targeted Portfolio Composition MLPs That Issue K-1s • Portfolio Weight: 25% • Tax on Distributions: • MLPs That Issue K-1s – are companies that own Largely return of capital energy infrastructure assets and are structured as publicly traded partnerships (PTPs). These partnerships issue K-1s to U.S.
Slide 18: Key Attributes of Current Investment Options
Key Attributes of Current Investment Options Passive Strategies Active Strategies Eagle Energy Exchange Traded Exchange Traded Closed- or Open- Private Separate Infrastructure Note Fund End Funds Partnership Account Fund Liquidity Daily Daily Daily Quarterly Daily Daily Tax Reporting 1099 1099 1099
Slide 19: Eagle Energy Infrastructure Fund Profile
Eagle Energy Infrastructure Fund Profile Portfolio of Energy Infrastructure Securities Our goal is to: • Provide investors access to the Midstream Energy asset class through what we believe to be a diversified portfolio of primarily midstream companies • Focus on businesses that we believe can gener
Slide 20: Active Management
Active Management We Believe Energy Infrastructure Is Attractive For Active Management We believe: • Limited institutional interest and dominance by retail investors lead to inefficiencies energy infrastructure assets. • Professional management using internally generated independent research can hav
Slide 21: MLP and Midstream Investment Performance
MLP and Midstream Investment Performance 20260805-5808803
Slide 22: Alerian MLP Historical Index Performance Data
Alerian MLP Historical Index Performance Data(1) • Income – 6.60% distribution yield(1) • Historical Total Return(2): 9.21% annualized return from 06/01/06 through 06/30/26(3) • Low Correlation(2) • 0.56 to the S&P 500 (Standard & Poor’s 500 Total Return Index) • 0.50 to REITs (FTSE NAREIT Equity RE
Slide 23: Alerian MLP Index vs. REITs and Bonds
Alerian MLP Index vs. REITs and Bonds* Growth of a hypothetical $1,000 invested – June 1, 2006 to June 30 ,2026 $6,500 $6,000 $5,500 Alerian MLP Index $5,875.59 $5,000 $4,500 $4,000 FTSE NAREIT All Equity REITS $3,500 $3,749.33 $3,000 $2,500 Bloomberg $2,000 Barclays Agg $1,500 $1,925.71 $1,000 $500
Slide 24: Real Assets And Inflation
Real Assets And Inflation Midstream Has a History of Better Performance During Inflationary Periods. Annual Changes to CPI, Alerian MLP Index, S&P 500 Period Annual Change in Annual Change in Annual Change in Consumer Price Index (CPI) Alerian MLP Index (AMZX) S&P 500 Index (SPX) Average 1996-2025 2
Slide 25: Management Team
Management Team 20260805-5808803
Slide 26: Management Team
Eagle Energy Infrastructure Fund Management Team Eagle Global Advisors was founded in 1996 and located in Houston, TX, the knowledge center for Energy. Eagle is an SEC registered investment advisor and manages approximately $3.4 billion of assets (as of 06/30/2026) comprised of public funds, hedge f
Slide 27: Eagle Global Investment Management Committee
Eagle Global Investment Management Committee EDWARD R. ALLEN III, Ph.D., CFA, Senior Partner Mr. Allen is a founder and Senior Partner of Eagle since 1996. He serves on the MLP portfolio management team and is a member of the MLP Investment committee. Mr. Allen is also a member of the Domestic and I
Slide 28: Eagle Global Investment Management Committee
Eagle Global Investment Management Committee ALEX MEIER, Co-Portfolio Manager, MLP Strategies Alex serves as Co-Portfolio Manager of the Midstream/MLP strategies and is a member of the MLP investment committee. Prior to joining Eagle in April 2013, Alex was employed by Waterfront Capital Partners as
Slide 29: Princeton Fund Advisors Management Team
Princeton Fund Advisors Management Team GREG D. ANDERSON, President, Chief Investment Officer Prior to founding Princeton Fund Advisors, LLC and its affiliated entities, Mr. Anderson was a Senior Vice President and Managing Director of Investment Manager Search, Evaluation, and Due Diligence at Port
Slide 30: Fund Information
Fund Information 20260805-5808803
Slide 31: Eagle Energy Infrastructure Fund Performance
Eagle Energy Infrastructure Fund Performance Performance Summary as of 6/30/2026 Since Share Class Q2 2026 YTD One Year Five Year Ten Year Inception* I Share 2.50% 27.75% 27.26% 24.83% 12.08% 8.06% A Share (NAV) 2.45% 27.53% 26.87% 24.53% 11.81% 7.79% A Share (Max Load) -3.41% 20.19% 19.58% 23.06% 1
Slide 32: Eagle Energy Infrastructure Fund Facts
Eagle Energy Infrastructure Fund Facts AIP/AWP & Gross Investment Redemption Net Expense Class Inception Share Class Ticker CUSIP Subsequent Expense 12B-1 Fee Minimum Fee Ratio Structure Date Minimum Ratio A Share EGLAX 66537Y322 $2,500 $100 None 1.92% 1.65% 5.75% Load* 0.25% 9/14/2012 I Share EGLIX
Slide 33: Glossary
Glossary Index Definitions and Associated Risks: MLPs are represented by the total return of the Alerian MLP Index, a composite index of the 50 most prominent energy master limited partnerships. Investments in MLPs involve risks different from those of investing in common stock, including limited co
Slide 34: Glossary
Glossary Definitions: Alpha: A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark index is a fund’s alpha. Ann
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