Tortoise MLP & Energy Infrastructure Fund | TortoiseEcofin Open End Funds

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

Fund Stats as of 1/22/2021:

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NAV

$5.62

NAV Change

$-0.05

Overall Morningstar Rating

Tortoise MLP & Energy Infrastructure Fund (MLPPX) received a Four-Star Overall Morningstar Rating™ among 87 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 12/31/2020.

Investment Objective

Current income

Distribution Rate

8.52%

30-Day SEC Yield

4.72%

CUSIP

56167N498

Minimum Investment

$5,000,000

Max Front-End Sales Load

None

Max Deferred Sales Load

None

MLPPX

The Tortoise MLP & Energy Infrastructure 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
Higher minimum investment and lower fees

Total Assets

$17.0 million

Investment Objective

Current income

Structure

Regulated Investment Company (RIC)

Fiscal Year End

November 30

Company	% of Total
The Williams Companies, Inc.	5.4%
MPLX LP	5.0%
ONEOK, Inc.	5.0%
New Fortress Energy Inc.	4.9%
Enterprise Products Partners L.P.	4.8%

Company	% of Total
NextEra Energy Partners LP	4.6%
Cheniere Energy Inc.	4.4%
Magellan Midstream Partners, L.P.	4.3%
Enbridge Inc.	4.3%
TC Energy Corp.	3.9%

Ticker	Class/Name	Total Return QTD Calendar YTD 1 Year 3 Year 5 year 10 Year Since Inception ¹	Expense Ratio Gross
MLPPX	Institutional	12.94% -16.02% -16.02% -6.12% 0.72% 0.96% 1.72%	0.95%
AMZX	Alerian MLP Index	32.45% -28.69% -28.69% -12.69% -5.95% -2.31% -1.12%

9/9/2010

Ticker	Class/Name	Total Return Calendar YTD 1 Year 3 Year 5 year 10 Year Since Inception ¹	Expense Ratio Gross
MLPPX	Institutional	-16.02% -16.02% -6.12% 0.72% 0.96% 1.72%	0.95%
AMZX	Alerian MLP Index	-28.69% -28.69% -12.69% -5.95% -2.31% -1.12%

9/9/2010

Calendar Year Performance

Ticker	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
MLPPX	-16.02%	14.71%	-14.11%	-5.91%	33.15%	-36.96%	13.01%	20.14%	7.28%	15.64%
AMZX	-28.69%	6.56%	-12.42%	-6.52%	18.31%	-32.59%	4.80%	27.58%	4.80%	13.88%

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 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 may be lower or higher than the performance information quoted.

The performance shown for periods prior to July 18, 2014, was for a privately-offered class of shares of the Fund that no longer exists and was exchanged for the current publicly-offered shares of the open-end mutual Fund.

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

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Ticker	Ex-Date	Record Date	Payment Date	Amount
MLPPX	11/24/2020	11/23/2020	11/24/2020	0.11350
MLPPX	8/27/2020	8/26/2020	8/27/2020	0.1135
MLPPX	5/21/2020	5/20/2020	5/21/2020	0.11350
MLPPX	2/27/2020	2/26/2020	2/27/2020	0.1376
2020 Total					$0.47810
2020 Total $0.47810
MLPPX	12/27/2019	12/26/2019	12/27/2019	0.00881
MLPPX	11/27/2019	11/26/2019	11/27/2019	0.1376
MLPPX	8/28/2019	8/28/2019	8/29/2019	0.1776
MLPPX	5/29/2019	5/29/2019	5/30/2019	0.1776
MLPPX	2/27/2019	2/26/2019	2/27/2019	0.1776
2019 Total					$0.67921
2019 Total $0.67921
MLPPX	12/28/2018	12/27/2018	12/28/2018	0.01111
MLPPX	11/29/2018	11/28/2018	11/29/2018	0.1776
MLPPX	8/30/2018	8/29/2018	8/30/2018	0.1776
MLPPX	5/30/2018	5/29/2018	5/30/2018	0.1776
MLPPX	2/27/2018	2/26/2018	2/27/2018	0.1776
2018 Total					$0.72151
2018 Total $0.72151
MLPPX	12/28/2017	12/27/2017	12/28/2017	0.00889
MLPPX	11/29/2017	11/28/2017	11/29/2017	0.1776
MLPPX	8/30/2017	8/29/2017	8/30/2017	0.1776
MLPPX	5/30/2017	5/26/2017	5/30/2017	0.1776
MLPPX	2/27/2017	2/24/2017	2/27/2017	0.1776
2017 Total					$0.71929
2017 Total $0.71929
MLPPX	12/29/2016	12/28/2016	12/29/2016	0.00645
MLPPX	11/29/2016	11/28/2016	11/29/2016	0.1776
MLPPX	8/30/2016	8/29/2016	8/30/2016	0.1776
MLPPX	5/27/2016	5/26/2016	5/27/2016	0.1776
MLPPX	2/26/2016	2/25/2016	2/26/2016	0.1776
2016 Total					$0.71685
2016 Total $0.71685
MLPPX	12/30/2015	12/29/2015	12/30/2015	0.01868
MLPPX	11/24/2015	11/23/2015	11/24/2015	0.1763
MLPPX	8/28/2015	8/27/2015	8/28/2015	0.175
MLPPX	5/28/2015	5/27/2015	5/28/2015	0.1737
MLPPX	2/26/2015	2/25/2015	2/26/2015	0.1724
2015 Total					$0.71608
2015 Total $0.71608
MLPPX	12/30/2014	12/29/2014	12/30/2014	0.0184
MLPPX	11/25/2014	11/24/2014	11/25/2014	0.2465
MLPPX	8/28/2014	8/27/2014	8/28/2014	0.1698
MLPPX	5/29/2014	5/28/2014	5/29/2014	0.1685
MLPPX	2/27/2014	2/26/2014	2/27/2014	0.1672
2014 Total					$0.7704
2014 Total $0.77040
MLPPX	12/27/2013	12/26/2013	12/27/2013	0.016
MLPPX	11/26/2013	11/25/2013	11/26/2013	0.166
MLPPX	8/29/2013	8/28/2013	8/29/2013	0.1648
MLPPX	5/30/2013	5/29/2013	5/30/2013	0.1636
MLPPX	2/27/2013	2/26/2013	2/27/2013	0.1624
2013 Total					$0.6728
2013 Total $0.67280
MLPPX	12/28/2012	12/27/2012	12/28/2012	0.7081
MLPPX	11/29/2012	11/28/2012	11/29/2012	0.1612
MLPPX	8/30/2012	8/29/2012	8/30/2012	0.16
MLPPX	5/30/2012	5/29/2012	5/30/2012	0.15
MLPPX	2/28/2012	2/27/2012	2/28/2012	0.15
2012 Total					$1.3293
2012 Total $1.32930
MLPPX	11/30/2011	11/29/2011	11/30/2011	0.15
MLPPX	8/31/2011	8/30/2011	8/31/2011	0.15
MLPPX	5/31/2011	5/27/2011	5/31/2011	0.15
MLPPX	2/28/2011	2/25/2011	2/28/2011	0.15
2011 Total					$0.60
2011 Total $0.60000
MLPPX	11/29/2010	11/26/2010	11/29/2010	0.06
2010 Total					$0.06
2010 Total $0.06000

Available Forms

Section 19(a) Notifications

November 2019

Tortoise MLP & Energy Infrastructure Fund MLPPX

Performance Fact Sheet Statutory Prospectus Summary Prospectus

Statement of Additional Information Annual Report Semi-Annual Report

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Tax Information

MLP & Energy Infrastructure 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

Ticker	Share Class	CUSIP	Total Distributions Per Share	Total Ordinary Dividends Box 1a ¹	Qualified Dividends Box 1b ²	Capital Gain Distributions Box 2a ³	Nondividend Distributions Box 3 ⁴
MLPPX	Institutional	56167N498	$0.67921352	$0.41272594	$0.06715051	$0.00000000	$0.26648758

Ordinary dividends are taxed at ordinary income tax rates.
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
Capital gain distributions (long-term) are taxed at the reduced capital gain tax rates.
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.

Press Releases

View All MLPPX Press Releases

The Fund is designed to provide:

Portfolio

Top 10 Holdings

Total 46.5%

Time Period

Calendar Year Performance

Distribution Details

Available Forms

Section 19(a) Notifications

Tortoise MLP & Energy Infrastructure Fund MLPPX

Tortoise MLP & Energy Infrastructure Fund Commentary

MLP Masterclass - AssetTV with Quinn Kiley

Tax Information

MLP & Energy Infrastructure Fund

Annual 1099-DIV

Press Releases

TortoiseEcofin Announces 2020 Estimated Character of Distributions for its Open End Mutual Funds

Tortoise Makes Distributions Announcements for its Open-End Funds

Tortoise Announces 2019 Estimated Character of Distributions for the Tortoise Midstream Mutual Funds

Frequently Searched:

Tortoise MLP & Pipeline Fund Tortoise MLP & Energy Income Fund Tortoise MLP & Energy Infrastructure Fund Tortoise Energy Evolution Fund

The Fund is designed to provide:

Portfolio

Top 10 Holdings

Total 46.5%

Time Period

Calendar Year Performance

Distribution Details

Available Forms

Section 19(a) Notifications

Tortoise MLP & Energy Infrastructure Fund MLPPX

Tortoise MLP & Energy Infrastructure Fund Commentary

MLP Masterclass - AssetTV with Quinn Kiley

Tax Information

MLP & Energy Infrastructure Fund

Annual 1099-DIV

Press Releases

TortoiseEcofin Announces 2020 Estimated Character of Distributions for its Open End Mutual Funds

Tortoise Makes Distributions Announcements for its Open-End Funds

Tortoise Announces 2019 Estimated Character of Distributions for the Tortoise Midstream Mutual Funds

Frequently Searched: