Tortoise Energy Infrastructure Total Return Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
52.4%
1 yr return
53.4%
3 Yr Avg Return
27.4%
5 Yr Avg Return
17.4%
Net Assets
$2.2 B
Holdings in Top 10
69.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.93%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 32.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/22/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TORIX - Profile
Distributions
- YTD Total Return 52.4%
- 3 Yr Annualized Total Return 27.4%
- 5 Yr Annualized Total Return 17.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.92%
- Dividend Yield 3.8%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameTortoise Energy Infrastructure Total Return Fund
-
Fund Family NameTortoise Capital Advisors
-
Inception DateMay 31, 2011
-
Shares Outstanding170134074
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Kessens
Fund Description
TORIX - Performance
Return Ranking - Trailing
Period | TORIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 52.4% | 18.1% | 57.7% | 9.00% |
1 Yr | 53.4% | 21.1% | 57.5% | 8.00% |
3 Yr | 27.4%* | 6.5% | 38.1% | 33.33% |
5 Yr | 17.4%* | 1.1% | 40.2% | 57.89% |
10 Yr | 5.8%* | -4.7% | 12.4% | 8.20% |
* Annualized
Return Ranking - Calendar
Period | TORIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.1% | -14.9% | 18.2% | 43.14% |
2022 | 16.0% | -7.0% | 29.9% | 41.84% |
2021 | 35.0% | 4.2% | 42.7% | 19.39% |
2020 | -33.3% | -57.4% | 155.1% | 47.42% |
2019 | 13.3% | -8.9% | 18.9% | 9.20% |
Total Return Ranking - Trailing
Period | TORIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 52.4% | 18.1% | 57.7% | 9.00% |
1 Yr | 53.4% | 21.1% | 57.5% | 8.00% |
3 Yr | 27.4%* | 6.5% | 38.1% | 33.33% |
5 Yr | 17.4%* | 1.1% | 40.2% | 57.89% |
10 Yr | 5.8%* | -4.7% | 12.4% | 8.20% |
* Annualized
Total Return Ranking - Calendar
Period | TORIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.2% | -9.3% | 25.5% | 61.76% |
2022 | 22.1% | -1.2% | 38.8% | 52.04% |
2021 | 40.8% | 14.5% | 56.2% | 26.53% |
2020 | -29.5% | -53.9% | 155.1% | 69.07% |
2019 | 16.6% | -3.4% | 22.4% | 12.64% |
NAV & Total Return History
TORIX - Holdings
Concentration Analysis
TORIX | Category Low | Category High | TORIX % Rank | |
---|---|---|---|---|
Net Assets | 2.2 B | 22 M | 53.1 B | 9.26% |
Number of Holdings | 28 | 17 | 89 | 38.24% |
Net Assets in Top 10 | 1.91 B | 23.7 M | 3.63 B | 6.86% |
Weighting of Top 10 | 69.15% | 39.1% | 116.1% | 44.12% |
Top 10 Holdings
- Targa Resources Corp 9.83%
- Cheniere Energy Inc 9.57%
- ONEOK Inc 7.82%
- Williams Cos Inc/The 7.56%
- MPLX LP 7.48%
- Energy Transfer LP 7.29%
- TC Energy Corp 4.95%
- Plains GP Holdings LP 4.92%
- Pembina Pipeline Corp 4.88%
- Enbridge Inc 4.84%
Asset Allocation
Weighting | Return Low | Return High | TORIX % Rank | |
---|---|---|---|---|
Stocks | 98.24% | 53.33% | 136.34% | 68.63% |
Cash | 1.76% | 0.00% | 13.09% | 33.33% |
Preferred Stocks | 0.00% | 0.00% | 2.23% | 42.16% |
Other | 0.00% | -36.30% | 5.12% | 36.27% |
Convertible Bonds | 0.00% | 0.00% | 5.29% | 38.24% |
Bonds | 0.00% | 0.00% | 40.73% | 40.20% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TORIX % Rank | |
---|---|---|---|---|
Energy | 97.37% | 53.73% | 100.00% | 36.27% |
Utilities | 2.39% | 0.00% | 41.78% | 58.82% |
Basic Materials | 0.14% | 0.00% | 6.40% | 39.22% |
Industrials | 0.10% | 0.00% | 4.54% | 31.37% |
Technology | 0.00% | 0.00% | 2.43% | 55.88% |
Real Estate | 0.00% | 0.00% | 0.00% | 37.25% |
Healthcare | 0.00% | 0.00% | 0.00% | 37.25% |
Financial Services | 0.00% | 0.00% | 0.66% | 42.16% |
Communication Services | 0.00% | 0.00% | 0.00% | 37.25% |
Consumer Defense | 0.00% | 0.00% | 0.82% | 38.24% |
Consumer Cyclical | 0.00% | 0.00% | 1.07% | 45.10% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TORIX % Rank | |
---|---|---|---|---|
US | 90.27% | 48.92% | 136.34% | 69.61% |
Non US | 7.97% | 0.00% | 39.30% | 23.53% |
TORIX - Expenses
Operational Fees
TORIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.93% | 0.35% | 8.81% | 94.06% |
Management Fee | 0.85% | 0.35% | 1.38% | 18.52% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 6.90% |
Administrative Fee | N/A | 0.04% | 0.15% | 66.67% |
Sales Fees
TORIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 4.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
TORIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TORIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 32.00% | 6.00% | 166.00% | 42.71% |
TORIX - Distributions
Dividend Yield Analysis
TORIX | Category Low | Category High | TORIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.79% | 0.00% | 15.34% | 79.63% |
Dividend Distribution Analysis
TORIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Monthly | Quarterly |
Net Income Ratio Analysis
TORIX | Category Low | Category High | TORIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.92% | -2.83% | 5.84% | 29.70% |
Capital Gain Distribution Analysis
TORIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Aug 22, 2024 | $0.198 | OrdinaryDividend |
Feb 22, 2024 | $0.198 | OrdinaryDividend |
Dec 28, 2023 | $0.159 | OrdinaryDividend |
Nov 28, 2023 | $0.115 | OrdinaryDividend |
Aug 24, 2023 | $0.115 | OrdinaryDividend |
May 25, 2023 | $0.115 | OrdinaryDividend |
Feb 23, 2023 | $0.115 | OrdinaryDividend |
Dec 29, 2022 | $0.125 | OrdinaryDividend |
Nov 22, 2022 | $0.143 | OrdinaryDividend |
Aug 25, 2022 | $0.143 | OrdinaryDividend |
May 26, 2022 | $0.143 | OrdinaryDividend |
Feb 24, 2022 | $0.135 | OrdinaryDividend |
Dec 30, 2021 | $0.126 | OrdinaryDividend |
Nov 23, 2021 | $0.170 | OrdinaryDividend |
May 27, 2021 | $0.185 | OrdinaryDividend |
Dec 30, 2020 | $0.108 | OrdinaryDividend |
Nov 24, 2020 | $0.180 | OrdinaryDividend |
May 21, 2020 | $0.180 | OrdinaryDividend |
Dec 27, 2019 | $0.078 | OrdinaryDividend |
Nov 27, 2019 | $0.055 | OrdinaryDividend |
May 23, 2019 | $0.230 | OrdinaryDividend |
Dec 27, 2018 | $0.086 | OrdinaryDividend |
Nov 28, 2018 | $0.200 | OrdinaryDividend |
May 24, 2018 | $0.175 | OrdinaryDividend |
Dec 28, 2017 | $0.083 | ExtraDividend |
Nov 28, 2017 | $0.160 | OrdinaryDividend |
May 25, 2017 | $0.150 | OrdinaryDividend |
Dec 29, 2016 | $0.112 | OrdinaryDividend |
May 26, 2016 | $0.150 | OrdinaryDividend |
Dec 30, 2015 | $0.165 | OrdinaryDividend |
Nov 25, 2015 | $0.268 | OrdinaryDividend |
Nov 25, 2015 | $0.022 | CapitalGainLongTerm |
May 28, 2015 | $0.145 | OrdinaryDividend |
Nov 25, 2014 | $0.087 | OrdinaryDividend |
Nov 25, 2014 | $0.026 | CapitalGainShortTerm |
Nov 25, 2014 | $0.806 | CapitalGainLongTerm |
May 29, 2014 | $0.077 | OrdinaryDividend |
May 29, 2014 | $0.038 | StockDividendDifferentClass |
Dec 27, 2013 | $0.048 | CapitalGainShortTerm |
Dec 27, 2013 | $0.098 | CapitalGainLongTerm |
Dec 27, 2013 | $0.160 | OrdinaryDividend |
Dec 27, 2012 | $0.110 | CapitalGainShortTerm |
Dec 27, 2012 | $0.032 | CapitalGainLongTerm |
Dec 27, 2012 | $0.090 | OrdinaryDividend |
Dec 28, 2011 | $0.037 | OrdinaryDividend |
Dec 28, 2011 | $0.034 | CapitalGainShortTerm |
TORIX - Fund Manager Analysis
Managers
Brian Kessens
Start Date
Tenure
Tenure Rank
Jul 31, 2013
8.84
8.8%
Mr. Brian Kessens joined the firm in 2008. He is a managing director and senior portfolio manager, a member of the investment committee and serves as president of the Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power & Energy Infrastructure Fund, Inc. closed-end funds. Previously, Mr. Kessens was a vice president in Citigroup’s global energy investment banking practice. Prior to Citigroup, he served as a field artillery officer in the U.S. Army. Mr. Kessens earned a Bachelor of Science in economics degree from the U.S. Military Academy at West Point and a Master of Business Administration degree from Columbia Business School in New York. He is a CFA® charterholder. He served as Board President and nearly a decade as a board member and Treasurer for the Children’s Center for the Visually Impaired (CCVI), a Kansas City nonprofit preparing children with visual impairments to reach their highest potential in the sighted world. 032521
Robert Thummel
Start Date
Tenure
Tenure Rank
Jul 31, 2013
8.84
8.8%
Mr. Thummel joined the firm in 2004. He is a managing director and senior portfolio manager, a member of the investment committee and serves as president of the Tortoise Energy Independence Fund, Inc. closed-end fund. Before joining the firm, he was director of finance at KLT, Inc., a subsidiary of Great Plains Energy, from 1998 to 2004 and a senior auditor at Ernst & Young from 1995 to 1998. Mr. Thummel earned a Bachelor of Science degree in accounting from Kansas State University and a Master of Business Administration degree from the University of Kansas. He is a frequent energy sector contributor to financial media outlets including Bloomberg CNBC, Fox Business and Wall Street Journal. 032521
James Mick
Start Date
Tenure
Tenure Rank
Jul 31, 2013
8.84
8.8%
Mr. Mick joined the firm in 2006 and is a member of the Investment Committee. He frequently engages with the firm's largest institutional clients. Mr. Mick has more than 21 years of industry experience. Previously, he was a senior finance specialist at General Electric Insurance Solutions (now Swiss Re) from 2003 to 2006 and a senior auditor at Ernst & Young from 2000 to 2003. Mr. Mick earned Bachelor of Science degrees in business administration and accounting, as well as a Master of Accounting and Information Systems from the University of Kansas. He is a CFA® charterholder. 032521
Matthew Sallee
Start Date
Tenure
Tenure Rank
Jul 31, 2013
8.84
8.8%
Mr. Sallee joined the firm in 2005 and is an Executive Committee member and a member of the Tortoise Development Committee and serves as President of the Tortoise platform. He oversees Tortoise’s energy investment team and Tortoise/Ecofin co-managed energy products. Mr. Sallee serves as president of the Tortoise Energy Infrastructure Corp. and Tortoise Midstream Energy Fund, Inc. closed-end funds, and is a member of the Investment Committee. He has more than 21 years of industry experience and regularly speaks on national media (CNBC). Previously, he served for five years as a senior financial analyst with Aquila, Inc., where he was responsible for analysis of capital allocation at the firm’s communications infrastructure subsidiary, Everest Connections. Mr. Sallee serves on the National Board of Directors of the Gabby Krause Foundation, an organization dedicated to bringing joy, laughter and relief to children fighting life threatening disease. Mr. Sallee graduated magna cum laude from the University of Missouri with a degree in business administration. He is a CFA® charterholder.
Stephen Pang
Start Date
Tenure
Tenure Rank
Jan 01, 2018
4.41
4.4%
Mr. Pang is a Managing Director and Portfolio Manager at the firm, and is responsible for the firm’s public and private direct investments across energy strategies. Mr. Pang currently serves as President and Chief Financial Officer and as a Director of TortoiseEcofin Acquisition Corp. III. Mr. Pang has served as a director of Tortoise Acquisition II since the completion of its initial public offering in September 2020 and has served as the Chief Financial Officer of Tortoise Acquisition II since July 2020. Mr. Pang served as a director of Tortoise Acquisition I from the completion of its initial public offering in March 2019, and as Chief Financial Officer of Tortoise Acquisition I since January 2020, to the completion of its initial business combination on October 1, 2020, and he continues to serve on the board of directors of Hyliion Holdings Corp. Prior to joining Tortoise in 2014, Mr. Pang was a director in Credit Suisse Securities (USA) LLC’s Equity Capital Markets Group. Before joining Credit Suisse Securities (USA) LLC in 2012, he spent eight years in Citigroup Global Markets Inc.’s Investment Banking Division, where he focused on equity underwriting and corporate finance in the energy sector. Mr. Pang received a B.S. in Business Administration from the University of Richmond and is a CFA charterholder. 032521
Nicholas Holmes
Start Date
Tenure
Tenure Rank
Jan 01, 2019
3.41
3.4%
Mr. Nick Holmes joined Ecofin Advisors, LLC in 2010 and currently serves as co-portfolio manager of the Sustainable Global Water strategy. He has extensive investment experience across the capital structure, acting as president of the Tortoise Essential Assets Income Term Fund and vice president of the Tortoise Energy Infrastructure Corp. and Tortoise MLP Fund, Inc. closed-end funds. He was the lead analyst on the three water-specific private placement transactions in the energy sector. He also continues to evaluate private investment opportunities on water projects in support of Ecofin’s Private Sustainable & Infrastructure team. Mr. Holmes earned a Bachelor of Arts in political science from Yale University and a Master of Business Administration from the University of Kansas. He is a CFA® charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 15.78 | 7.75 | 12.18 |