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

Fund Stats as of 1/23/2020:

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Overall Morningstar Rating

Tortoise MLP & Energy Income Fund (INFIX) received a Four-Star Overall Morningstar Rating™ among 85 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 12/31/2019.

Investment Objective

Current income

Distribution Rate


30-Day SEC Yield




Minimum Investment


Redemption Fee


Max Front-End Sales Load


Max Deferred Sales Load


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 12/31/2019

Total Assets

$740.5 million

Investment Objective

Current income


Regulated Investment Company (RIC)

Fiscal Year End

November 30


as of 12/31/2019

Top 10 Holdings

As of 12/31/2019
Company % of Total
Enbridge Inc.
The Williams Companies, Inc.
Magellan Midstream Partners, L.P.
Plains GP Holdings, L.P.
Company % of Total
Enterprise Products Partners L.P.
PBF Holding Company LLC 7.25% 6/15/25
TC Energy Corporation
Phillips 66 Partners LP
Energy Transfer LP

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
INFIX 12/27/2019 12/26/2019 12/27/2019 0.00215
INFIX 11/27/2019 11/26/2019 11/27/2019 0.1421
INFIX 8/29/2019 08/28/2019 08/29/2019 0.1776
INFIX 5/30/2019 5/29/2019 5/30/2019 0.1776
INFIX 2/27/2019 2/26/2019 2/27/2019 0.1776
2019 Total $0.67705