Tortoise
MLP & Pipeline Fund (NASDAQ: TORTX)


Sector Allocations As of 4/30/2018
By asset type
Natural gas/natural gas liquids pipelines 45%
Crude oil pipelines 24%
Gathering and processing 21%
Refined product pipelines 9%
Local gas distribution companies 1%
Due to rounding, totals may not equal 100%
By ownership structure
MLP affiliates/GP owners 41%
Other pipeline C-corps/LLCs 34%
MLPs 24%
Due to rounding, totals may not equal 100%

Top 10 Holdings *As of 4/30/2018
Company% of Total   Company% of Total
ONEOK, Inc. OKE 9.1   Targa Resources Corp. TRGP 5.7
Cheniere Energy, Inc. LNG 8.4   Plains GP Holdings, L.P. PAGP 5.1
The Williams Companies, Inc. WMB 8.3   Enbridge Inc. ENB 4.8
TransCanada Corporation TRP 8.0   Pembina Pipeline Corporation PBA 4.7
Kinder Morgan, Inc. KMI 7.2   Inter Pipeline Ltd. IPL CA 3.6
Top 10 Holdings as % of Investment Securities: 64.9%

* Fund holdings are subject to change and are not recommendations to buy or sell any security.

TORTX Details

As of 05/25/2018

Investor Class

  • NAV
  • $ 12.87
  • $ Chg
  • $ -0.08
  • Objective
  • Total return
  • Ticker
  • TORTX
  • CUSIP
  • 56166Y305
  • Minimum investment
  • $2,500
  • Redemption fee
  • None
  • Max front-end sales load1
  • 5.75%
  • Max deferred sales load 2
  • None
  1. You may qualify for sales charge discounts if you invest at least $50,000.
  2. No front-end sales charge is payable on Investor Class investments of $1 million or more, although the fund may impose a Contingent Deferred Sales Charge ("CDSC") of 1% on certain redemptions made within 12 months of purchase.