The Tortoise Energy Infrastructure and Income Fund invests in securities across the capital structure of energy infrastructure companies.

Fund Stats as of 12/19/2024:

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NAV

$8.80

NAV Change

$0.00

Overall Morningstar Rating

Tortoise Energy Infrastructure and Income Fund (INFIX) received a Four-Star Overall Morningstar Rating among 94 Energy Limited Partnership Funds (based on a weighted average of the fund's three-, five-, and ten-year risk-adjusted return measure, if applicable) as of 9/30/2024. 

Investment Objective

Current income

Distribution Rate

5.65%

30-Day SEC Yield

4.00%

CUSIP

56167N522

Minimum Investment

$1,000,000.00

Redemption Fee

None

Max Front-End Sales Load

None

Max Deferred Sales Load

None

Overview Portfolio Performance Distributions Literature Tax Information
See Latest Press Releases

The Tortoise Energy Infrastructure and Income Fund invests in securities across the capital structure of energy infrastructure companies; including common equity, preferred equity, bonds, and MLPs. The fund’s goal is to deliver strong risk-adjusted returns, greater liquidity, and lower volatility relative to the Alerian MLP Index over a market cycle. We believe these assets have strong business fundamentals and expanded growth opportunities.

The Fund is designed to provide:

  • Access to an increased opportunity set by investing across the capital structure of energy infrastructure companies
  • Seeks a high level of current income
  • Ability to opportunistically shift across the capital structure as market conditions and valuations change
  • Efficient tax flow-through structure
  • One 1099 (no K-1s)
  • No unrelated business taxable income (UBTI)
  • IRA and tax-exempt appropriate

 

Fund Details

As of 11/30/2024

Total Assets

$592.3 million

Investment Objective

Current income

Structure

Regulated Investment Company (RIC)

Fiscal Year End

November 30

Portfolio

as of 11/30/2024

Top 10 Holdings

As of 11/30/2024
Company % of Total
Cheniere Energy Inc.
 8.7%
MPLX LP
 8.1%
Targa Resources Corp.
 5.8%
Energy Transfer LP
 5.6%
ONEOK, Inc.
 5.5%
Company % of Total
The Williams Companies, Inc.
 5.5%
EQT Corporation
 5.4%
Enterprise Products Partners L.P.
 4.9%
Plains GP Holdings L.P.
 4.6%
Western Midstream Partners LP
 2.9%

Total 57.0%

View all Holdings

Holdings are subject to change. The Fund may have considerable cash balances for temporary periods and the potential benefit to the Fund of any market upswing during this time may be reduced adversely affecting the Fund’s performance.

Time Period

Ticker Class/Name

Total Return

QTD

Calendar YTD

1 Year

3 Year

5 year

10 Year

Since Inception 1
INFIX Institutional

2.98%

16.06%

20.06%

16.21%

10.99%

2.26%

6.03%
INFRX A Class (excluding load)

2.92%

15.77%

19.79%

15.87%

10.71%

2.02%

5.78%
INFRX A Class (maximum load)

-2.78%

9.46%

13.15%

13.70%

9.48%

1.44%

5.34%
INFFX C Class (excluding CDSC)

2.83%

15.12%

18.92%

15.03%

9.89%

1.25%

5.04%
INFFX C Class (including CDSC)

1.83%

14.12%

17.92%

15.03%

9.89%

1.25%

5.04%
AMZX Alerian MLP Index

0.72%

18.56%

24.46%

25.47%

13.50%

1.82%

5.96%
SPXT S&P 500 Total Return Index

5.89%

22.08%

36.35%

11.91%

15.98%

13.38%

13.86%
Ticker Class/Name

Total Return

Calendar YTD

1 Year

3 Year

5 year

10 Year

Since Inception 2
INFIX Institutional

33.42%

32.73%

21.47%

15.07%

4.10%

7.02%
INFRX A Class (excluding load)

32.98%

32.27%

21.14%

14.76%

3.84%

6.76%
INFRX A Class (maximum load)

25.73%

24.96%

18.90%

13.47%

3.26%

6.33%
INFFX C Class (excluding CDSC)

32.04%

31.42%

20.27%

13.92%

3.06%

6.02%
INFFX C Class (including CDSC)

31.04%

30.42%

20.27%

13.92%

3.06%

6.02%
AMZX Alerian MLP Index

34.05%

31.13%

32.00%

19.23%

3.84%

6.83%
SPXT S&P 500 Index

28.07%

33.89%

11.44%

15.77%

13.35%

14.07%

Calendar Year Performance

Expense Ratios

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.

Performance data shown reflecting the A Class (maximum load) reflects a sales charge of 5.50%. Performance data shown “excluding load” does not reflect the deduction of the maximum sales load.

Performance data shown for the C Class (including CDSC) reflects a contingent deferred sales charge (CDSC) of 1% for the first 12 months of investment. Performance data shown “excluding CDSC” does not reflect the deduction of the CDSC. If reflected, the load and the CDSC would reduce the performance quoted.

Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced.

  1. Period from fund inception (12/27/2010) through 12/31/2023. The Institutional Share commenced operations on 12/27/2010, A Class Shares commenced operations on 5/18/2011 and C Class Shares commenced operations on 4/2/2012. Performance shown prior to inception of the A and C Class Shares is based on the performance of the Institutional Class Share, adjusted for the higher expenses applicable to A and C Class Shares.

  2. Period from fund inception (12/27/2010) through 11/30/2024. The Institutional Share commenced operations on 12/27/2010, A Class Shares commenced operations on 5/18/2011 and C Class Shares commenced operations on 4/2/2012. Performance shown prior to inception of the A and C Class Shares is based on the performance of the Institutional Class Share, adjusted for the higher expenses applicable to A and C Class Shares.

Note: For periods over one year, performance reflected is for the average annual returns.

The Alerian MLP Index is a leading gauge of energy infrastructure Master Limited Partnerships (MLPs). The capped, float-adjusted, capitalization-weighted index, whose constituents earn the majority of their cash flow from midstream activities involving energy commodities, is disseminated real-time on a price-return basis (AMZ) and on a total-return basis (AMZX).

Distribution Details

See complete history
Ticker Ex-Date Record Date Payment Date Amount
INFIX 12/30/2024 12/27/2024 12/30/2024 N/A
INFIX 11/26/2024 11/25/2024 11/26/2024 $0.1172
INFIX 8/22/2024 8/21/2024 8/22/2024 $0.1172
INFIX 5/23/2024 5/22/2024 5/23/2024 $0.1172
INFIX 2/22/2024 2/21/2024 2/22/2024 $0.1172
2024 Total $0.4688
2024 Total $0.46880

Section 19(a) Notifications

Tortoise Energy Infrastructure and Income Fund INFIX

Performance Fact Sheet Statutory Prospectus Summary Prospectus Statement of Additional Information Annual Report
Semi-Annual Report Semi-Annual Financial Statements Schedule of Investments 2/29/2024 Schedule of Investments 8/31/2024 Form N-PX
Commentaries 9/30/2024

Tortoise Energy Infrastructure and Income Fund 3Q 2024 Commentary

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Videos 2/07/2019

MLP Masterclass - AssetTV with Quinn Kiley

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Tax Information 

Tortoise Energy Infrastructure and Income Fund

Find distributions and other tax-related resources for Tortoise mutual funds.

Tax forms, publications and instructions are available for download from the IRS Web site.

Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. The portion of ordinary dividends characterized as qualified dividend income will be taxable at the reduced capital gain tax rates if the stockholder meets the holding-period requirements.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. Nondividend distributions are nontaxable and considered return of capital.

Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. The portion of ordinary dividends characterized as qualified dividend income will be taxable at the reduced capital gain tax rates if the stockholder meets the holding-period requirements.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. Nondividend distributions are nontaxable and considered return of capital.

Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. The portion of ordinary dividends characterized as qualified dividend income will be taxable at the reduced capital gain tax rates if the stockholder meets the holding-period requirements.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. Nondividend distributions are nontaxable and considered return of capital.

Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. The portion of ordinary dividends characterized as qualified dividend income will be taxable at the reduced capital gain tax rates if the stockholder meets the holding-period requirements.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. Nondividend distributions are nontaxable and considered return of capital.

Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. The portion of ordinary dividends characterized as qualified dividend income will be taxable at the reduced capital gain tax rates if the stockholder meets the holding-period requirements.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. Nondividend distributions are nontaxable and considered return of capital.

Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation.

Historical MLPPX information: Tax Information   |   Distributions   |   MLPPX/INFIX merger (Form 8937)

Press Releases

11/08/2024

Tortoise Capital Announces 2024 Estimated Capital Gain Distributions for its Open End Mutual Funds
2/16/2024

Tortoise announces posting of corrected 2023 Annual Report
11/09/2023

TortoiseEcofin Announces 2023 Estimated Capital Gain Distributions for its Open End Mutual Funds
View All INFIX Press Releases

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