The Tortoise MLP & Energy Income Fund invests in securities across the capital structure of North American midstream energy infrastructure companies.

Fund Stats as of 12/05/2019:

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NAV

$6.86

NAV Change

$0.01

Investment Objective

Current income

Distribution Rate

8.90%

30-Day SEC Yield

2.27%

CUSIP

56167N514

Minimum Investment

$2,500.00

Redemption Fee

None

Max Front-End Sales Load

None

Max Deferred Sales Load

1.00

The Tortoise MLP & Energy Income Fund invests in securities across the capital structure of North American midstream energy infrastructure companies; including MLPs, common equity, preferred equity, and bonds. 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 midstream 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 midstream 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 suitability

Fund Details

As of 10/31/2019

Total Assets

$728.6 million

Investment Objective

Current income

Structure

Regulated Investment Company (RIC)

Fiscal Year End

November 30

Portfolio

as of 10/31/2019

Top 10 Holdings

Company % of Total
Magellan Midstream Partners, L.P.
5.4%
Enbridge Inc.
5.3%
TC Energy Corporation
4.9%
Kinder Morgan, Inc.
4.9%
ONEOK, Inc.
4.7%
Company % of Total
Enterprise Products Partners L.P.
4.7%
PBF Holding Company LLC 7.25% 6/15/25
4.7%
Plains GP Holdings, L.P.
4.6%
The Williams Companies, Inc.
4.5%
Energy Transfer LP
4.3%

Time Period

  1. Institutional Class: 12/27/2010; A Class: 05/18/2011; C Class: 4/2/2012

  1. Institutional Class: 12/27/2010; A Class: 05/18/2011; C Class: 4/2/2012

Calendar Year Performance

Performance for periods over one year is annualized. The performance data quoted here represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information quoted.

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).

Ticker Ex-Date Record Date Payment Date Amount
INFFX 11/27/2019 11/26/2019 11/27/2019 0.12424
INFFX 8/29/2019 8/28/2019 8/29/2019 0.1629
INFFX 5/30/2019 5/29/2019 5/30/2019 0.1615
INFFX 2/27/2019 2/26/2019 2/27/2019 0.1615
2019 Total $0.61014