Fund Evaluator:
EIC Value Institutional (EICIX)
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Fund Details
EIC Value Institutional Overview
EIC Value Institutional (EICIX) is an actively managed U.S. Equity Large Value fund. Equity Investment Corp launched the fund in 2011.
The investment seeks to achieve long-term capital appreciation. The fund primarily invests in common stocks of U.S. companies. It invests in companies the Adviser believes are well-managed, structurally sound and selling at a discount to their value as an ongoing business entity. The fund may invest in the stocks of companies of all capitalization sizes.
About EIC Value Institutional (EICIX)
There are 4 members of the management team with an average tenure of 9.89 years: Ian Zabor (2011), Robert Ladyman (2022), Thomas Knapp (2022), William Bruner (2011). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 3000 Value TR USD index with a weighting of 100%. EIC Value Institutional has 48 securities in its portfolio. The top 10 holdings constitute 31.8% 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.
EIC Value Institutional is part of the Equity global asset class and is within the U.S. Equity fund group. EIC Value Institutional has 15.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 84.4%. There is 15.3% 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). EIC Value Institutional has 0.3% of the portfolio in cash.
Assets Under Management
The fund has $344 million in total assets, which is below the $1 billion average for the Large Value 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.
EICIX 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 EIC Value Institutional expense ratio is high compared to funds in the Large Value category. EIC Value Institutional has an expense ratio of 0.96%, which is 4% higher than its category average, making the fund expense ratio grade a D. 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. EIC Value Institutional has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, EIC Value Institutional returned 6.9%, which earned it a grade of A, as the Large Value category had an average return of 2.9%. 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.
EIC Value Institutional has a trailing yield of 2.00%, which is above the 1.20% category average. The fund normally distributes its income semi-annually and its capital gains semi-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.
EIC Value Institutional Grades
Year to date, the fund has returned 13.5%, 0.8 percentage points worse than the category, which translates into a grade of C. The fund has returned 20.1% over the past year (grade of D), 15.7% over the past three years (grade of C) and 12.5% per year over the past five years (grade of A) and 11.8% per year over the past 10 years (grade of B).
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EICIX 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 |
|
| EICIX Return (NAV) | 6.9% | 8.1% | 20.1% | 15.7% | 12.5% | 11.8% |
| EICIX Grade | A | B | D | C | A | B |
| +/- Category | 4.0% | 1.9% | -3.8% | 0.0% | 1.6% | 0.5% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| EICIX Tax Cost Ratio | na | na | 2.3% | 2.1% | 2.1% | 2.0% |
EICIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EICIX Return (NAV) | 13.5% | 15.9% | 11.6% | 12.9% | 0.9% | 30.1% | 4.3% | 22.7% | -7.7% | 14.4% | 11.6% |
| EICIX Grade | C | C | D | B | A | A | C | F | C | D | F |
| +/- Category | -0.8% | 0.8% | -2.5% | 1.1% | 7.0% | 4.3% | 0.4% | -3.0% | 0.8% | -2.0% | -2.9% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 11.8% |
| Total Risk Index: | 0.96 - Average |
| Category Risk Index: | 0.98 - Average |
| Category Risk Grade: | C (43% Rank) |
| Beta: | 0.46 |
| R-Squared: | 26% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 2.0% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Semi-Annually |
| Total Assets: | $382 Mil |
| Fund Total Assets: | $ 345 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 27% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 15.3 years | |||
| Average Tenure: 9.9 years | |||
| Managers (Year): Zabor Ian (2011), Bruner William (2011), Ladyman Robert (2022), Knapp Thomas (2022) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 48 |
| % in Top 10 Holdings: | 31.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 15.3% |
Portfolio Allocation |
|
| Domestic Stock: | 84.4% |
| Foreign Stock: | 15.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.3% |
Purchase Information
| Fund Family: | Equity Investment Corp |
| Phone Number: | 855-430-6487 |
| Website: | www.eicatlanta.com/ |
| Status: | Open |
| Inception Date: | April 29, 2011 |
| 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: | 2.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.96% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | EIC Value Institutional |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
