• Tortoise MLP & Energy Infrastructure Fund

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Tortoise MLP & Energy Infrastructure Fund

MLPPX (Inactive Fund)

Summary

The fund seeks primarily current income and secondarily capital appreciation in the long term by investing in companies across any size in the United States.

The investment process is designed to highlight companies in the benchmark index that are focused in the energy infrastructure sector.

Next, the investment team considers companies focused in the energy infrastructure sector to include master limited partnerships parent companies and other MLP affiliates.

Also, the investment team considers the energy infrastructure sector to be comprised of companies that engage in one or more aspects of exploration, production, gathering, processing, refining, transmission, marketing, storage and delivery of energy products.

In addition, the team considers a company to be focused in the energy infrastructure sector if at least 50% of the company’s assets are utilized in one or more of these activities.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The manager allocates the fund’s net assets towards the mix of equity and debt securities it deems appropriate based upon its view of economic, market, and political conditions.

Also, the fund may invest in MLP Entities and other companies operating in the natural resources sector, which includes companies principally engaged in owning or developing non-energy natural resources and industrial materials, or supplying goods or services to such companies.

The fund will also invest in industries similar to MLPs, such as energy infrastructure, even though such entities have no direct affiliation with an MLP.

Additionally, the fund may invest in foreign securities and U.S. dollar denominated foreign issuers which may include sponsored or unsponsored American Depository Receipts and Yankee bonds.

The fund has the flexibility to invest in initial public offerings, exchange-traded funds, and exchange-traded notes.

The fund seeks to deliver superior risk-adjusted returns, greater liquidity, lower volatility and high correlation relative to its benchmark index over a market cycle.

Strategy Process Research Risk Philosophy

Price

Last Close

$6.37 ( +0.01 )

52 Week HL

$6.55 - $4.47

Net Assets

$16.6 M

Expense Ratio

0.95 %

Sector Allocation

May 31, 2021

Top 10 Holdings

May 31, 2021

Company Name

  • Energy Transfer
  • Cheniere Energy
  • The Williams
  • DCP Midstream
  • ONEOK, Inc.

Holding

  • 5.1
  • 4.9
  • 4.8
  • 4.6
  • 4.4

Company Name

  • Plains GP
  • Enterprise Products
  • TC Energy
  • MPLX LP
  • Enbridge Inc.
  • Total

Holding

  • 4.1
  • 4.1
  • 3.8
  • 3.8
  • 3.7
  • 43.3%

Documents

Prospectus

Summary

Fact Sheet

Annual Reports

Website

Link

Performance

YTD

19.3 %

3 Year

-2.04%

5 Year

-11.14%

Best

33.21%
2016

Worst

-36.94%
2015

Returns +
Quarterly

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 7.5% -43.6% 16.6% -9.2% 0.8% -2.7% 0.9% 4.4% 12.2% 0.7% -
Q2 11% 28.1% -4.6% 10.1% -6.9% 21% -2.4% 15.6% -0.9% -1.9% -
Q3 - -4.2% -4.8% 3.3% 2% 9.3% -23.9% 0.4% 1.1% 7% -
Q4 - 10.6% -0.3% -16.8% -1.8% 3.5% -15.8% -6.7% 5.9% -0.3% -

Returns +
Monthly

J F M A M J J A S O N D
2021 2.3% 0.7% 4.4% 4.4% 2.7% 3.6% - - - - - -
2020 -3.5% -10.8% -34.5% 27.4% 5.8% -4.9% 1.6% -0.4% -4.9% - 7.1% 3.3%

Returns +
Annual

    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
    0%16%29%-6%19%8%-1%14%29%13%0%

Alpha

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
MLPPX 19%-23%7%-14%-6%33%-37%13%20%7%13%
S&P 500 -16%29%-6%19%8%-1%14%29%13%-
Alpha 19%-39%-22%-8%-25%25%-36%-1%-9%-6%13%

MLPPX S&P 500

Chart +