Fund Evaluator:
Monteagle Enhanced Equity Income Instl (EEIFX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Monteagle Enhanced Equity Income Instl Overview
Monteagle Enhanced Equity Income Instl (EEIFX) is an actively managed U.S. Equity Large Blend fund. Monteagle Funds launched the fund in 2023.
The investment seeks high current income while maintaining prospects for capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in equity securities. It ordinarily invests in a broadly diversified equity portfolio, while also writing (selling) options on underlying equity securities.
About Monteagle Enhanced Equity Income Instl (EEIFX)
There are 3 members of the management team with an average tenure of 2.12 years: Matthew Foster (2022), Will Aycock (2025), Todd Golden (2025). Management tenure is more important for actively managed funds than passive index funds.
Monteagle Enhanced Equity Income Instl has 34 securities in its portfolio. The top 10 holdings constitute 44.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Monteagle Enhanced Equity Income Instl is part of the Equity global asset class and is within the U.S. Equity fund group. Monteagle Enhanced Equity Income Instl has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 81.1%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Monteagle Enhanced Equity Income Instl has 18.9% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EEIFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Monteagle Enhanced Equity Income Instl expense ratio is high compared to funds in the Large Blend category. Monteagle Enhanced Equity Income Instl has an expense ratio of 1.36%, which is 67% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Monteagle Enhanced Equity Income Instl has a portfolio turnover rate of 171%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Monteagle Enhanced Equity Income Instl returned 5.4%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Monteagle Enhanced Equity Income Instl has a trailing yield of 0.23%, which is below the 0.56% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Monteagle Enhanced Equity Income Instl Grades
Year to date, the fund has returned 5.2%, 4.1 percentage points worse than the category, which translates into a grade of F. The fund has returned 15.9% over the past year (grade of D) and 13.2% over the past three years (grade of F).
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EEIFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EEIFX Return (NAV) | 5.4% | 3.2% | 15.9% | 13.2% | na | na |
| EEIFX Grade | A | D | D | F | na | na |
| +/- Category | 5.0% | -0.9% | -1.5% | -4.1% | na | na |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| EEIFX Tax Cost Ratio | na | na | 2.0% | 4.2% | na | na |
EEIFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EEIFX Return (NAV) | 5.2% | 13.9% | 14.2% | na | na | na | na | na | na | na | na |
| EEIFX Grade | F | D | F | na | na | na | na | na | na | na | na |
| +/- Category | -4.1% | -1.9% | -7.9% | na | na | na | na | na | na | na | na |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 10.3% |
| Total Risk Index: | 0.84 - Average |
| Category Risk Index: | 0.78 - Low |
| Category Risk Grade: | A (1% Rank) |
| Beta: | 0.66 |
| R-Squared: | 71% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $12 Mil |
| Fund Total Assets: | $ 13 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 171% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 4.5 years | |||
| Average Tenure: 2.1 years | |||
| Managers (Year): Foster Matthew (2022), Aycock Will (2025), Golden Todd (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 34 |
| % in Top 10 Holdings: | 44.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 81.1% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 18.9% |
Purchase Information
| Fund Family: | Monteagle Funds |
| Phone Number: | 888-263-5593 |
| Website: | www.monteaglefunds.com |
| Status: | Open |
| Inception Date: | January 23, 2023 |
| Min. Initial Purchase: | $10,000 |
| Min. Initial IRA Purchase: | $10,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.36% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Monteagle Enhanced Equity Income Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
