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

Fund Stats as of 9/30/2022:

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NAV

$7.00

NAV Change

$0.00

Overall Morningstar Rating

Tortoise Energy Infrastructure and Income Fund (INFIX) received a Four-Star Overall Morningstar Rating™ among 99 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 6/30/2022.

Investment Objective

Current income

Distribution Rate

7.18%

30-Day SEC Yield

3.90%

CUSIP

56167N522

Minimum Investment

$1,000,000.00

Redemption Fee

None

Max Front-End Sales Load

None

Max Deferred Sales Load

None

The Tortoise Energy Infrastructure and Income 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

 

Produced by MSCI ESG Research as of June 30, 2022.

Represents the aggregate ranking of the Fund’s holdings as of 6/30/2022. Certain information ©2022 MSCI ESG Research LLC. Reproduced by permission; no further distribution.

Fund Details

As of 8/31/2022

Total Net Assets

$531.5 million

Investment Objective

Current income

Structure

Regulated Investment Company (RIC)

Fiscal Year End

November 30

Portfolio

as of 8/31/2022

Top 10 Holdings

As of 8/31/2022
Company % of Total
Cheniere Energy Inc.
7.1%
DCP Midstream LP
6.2%
The Williams Companies, Inc.
4.8%
Energy Transfer LP
4.7%
EQT Corporation
4.5%
Company % of Total
ONEOK, Inc.
3.9%
ConocoPhillips
3.8%
Plains GP Holdings L.P.
3.6%
MPLX LP
3.4%
Pioneer Natural Resources Company
3.3%

Time Period

Calendar Year Performance

Expense Ratios

Performance data quoted represents past performance; past performance does not guarantee future results. The 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 of the fund may be lower or higher than the performance quoted.

Performance data shown reflecting the A Class (maximum load) reflects a sales charge of 5.50%. Performance data shown “excluding load” does not reflect the deduction of the maximum sales load.

Performance data shown for the C Class (including CDSC) reflects a contingent deferred sales charge (CDSC) of 1% for the first 12 months of investment. Performance data shown “excluding CDSC” does not reflect the deduction of the CDSC. If reflected, the load and the CDSC would reduce the performance quoted.

Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced.

  1. Period from fund inception (12/27/2010) through 6/30/2022. The Institutional Share commenced operations on 12/27/2010, A Class Shares commenced operations on 5/18/2011 and C Class Shares commenced operations on 4/2/2012. Performance shown prior to inception of the A and C Class Shares is based on the performance of the Institutional Class Share, adjusted for the higher expenses applicable to A and C Class Shares.

  2. Period from fund inception (12/27/2010) through 8/31/2022. The Institutional Share commenced operations on 12/27/2010, A Class Shares commenced operations on 5/18/2011 and C Class Shares commenced operations on 4/2/2012. Performance shown prior to inception of the A and C Class Shares is based on the performance of the Institutional Class Share, adjusted for the higher expenses applicable to A and C Class Shares.

Note: For periods over one year, performance reflected is for the average annual returns.

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 12/29/2022 12/28/2022 12/29/2022 TBD
INFIX 11/22/2022 11/21/2022 11/22/2022 TBD
INFIX 8/25/2022 8/24/2022 8/25/2022 $0.1172
INFIX 5/26/2022 5/25/2022 5/26/2022 $0.1172
INFIX 2/24/2022 2/23/2022 2/24/2022 $0.11720
2022 Total $0.35160

Tax Information 

Tortoise Energy Infrastructure and Income 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

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. 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.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. 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.

Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. 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.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. 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.

Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. 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.

  3. Capital gain distributions (long-term) are taxed at the capital gain tax rates.

  4. 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.


Historical MLPPX information: Tax Information   |   Distributions   |   MLPPX/INFIX merger (Form 8937)