Tortoise Select Opportunity Instl
Name
As of 12/29/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
0.0%
1 yr return
-6.2%
3 Yr Avg Return
-7.8%
5 Yr Avg Return
-4.2%
Net Assets
$9.46 M
Holdings in Top 10
58.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.16%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 124.00%
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 12/29/2020Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TOPIX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return -7.8%
- 5 Yr Annualized Total Return -4.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.19%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameTortoise Energy Evolution Fund
-
Fund Family NameTortoise Capital Advisors
-
Inception DateSep 30, 2013
-
Shares Outstanding978909
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMatthew Sallee
Fund Description
TOPIX - Performance
Return Ranking - Trailing
Period | TOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | 0.0% | 0.0% | 84.78% |
1 Yr | -6.2% | -66.4% | 142.5% | 9.52% |
3 Yr | -7.8%* | -51.1% | -1.6% | 8.64% |
5 Yr | -4.2%* | -38.2% | 4.9% | 10.53% |
10 Yr | N/A* | -24.3% | -1.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | TOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.0% | -47.8% | 1062.3% | 29.76% |
2022 | 5.5% | -31.6% | 664.4% | 47.62% |
2021 | -24.2% | -59.6% | -12.6% | 32.05% |
2020 | 6.7% | -26.7% | 47.3% | 9.09% |
2019 | 51.1% | 5.3% | 486.8% | 4.23% |
Total Return Ranking - Trailing
Period | TOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 0.0% | 0.0% | 0.0% | 80.43% |
1 Yr | -6.2% | -66.4% | 142.5% | 9.52% |
3 Yr | -7.8%* | -51.1% | -1.6% | 8.64% |
5 Yr | -4.2%* | -38.2% | 4.9% | 10.53% |
10 Yr | N/A* | -24.3% | -1.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TOPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -11.0% | -47.8% | 834.3% | 25.00% |
2022 | 5.5% | -31.6% | 664.4% | 47.62% |
2021 | -24.2% | -59.6% | -12.6% | 32.05% |
2020 | 6.7% | -26.7% | 47.3% | 9.09% |
2019 | 51.1% | 5.3% | 420.6% | 2.82% |
NAV & Total Return History
TOPIX - Holdings
Concentration Analysis
TOPIX | Category Low | Category High | TOPIX % Rank | |
---|---|---|---|---|
Net Assets | 9.46 M | 264 K | 12.1 B | 85.87% |
Number of Holdings | 31 | 20 | 197 | 78.26% |
Net Assets in Top 10 | 4.97 M | 95.2 K | 9.29 B | 78.26% |
Weighting of Top 10 | 58.12% | 34.0% | 77.4% | 50.00% |
Top 10 Holdings
- NextEra Energy Inc 7.16%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
- Iberdrola SA 7.00%
Asset Allocation
Weighting | Return Low | Return High | TOPIX % Rank | |
---|---|---|---|---|
Stocks | 97.71% | 70.00% | 100.43% | 68.48% |
Cash | 2.30% | -0.44% | 30.01% | 31.52% |
Preferred Stocks | 0.00% | 0.00% | 1.85% | 80.43% |
Other | 0.00% | -0.69% | 0.10% | 75.00% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 80.43% |
Bonds | 0.00% | 0.00% | 10.42% | 83.70% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TOPIX % Rank | |
---|---|---|---|---|
Utilities | 75.95% | 0.00% | 90.56% | 9.78% |
Energy | 18.68% | 0.00% | 100.00% | 86.96% |
Industrials | 4.00% | 0.00% | 25.43% | 15.22% |
Technology | 1.37% | 0.00% | 46.89% | 27.17% |
Real Estate | 0.00% | 0.00% | 16.63% | 83.70% |
Healthcare | 0.00% | 0.00% | 0.00% | 80.43% |
Financial Services | 0.00% | 0.00% | 0.00% | 80.43% |
Communication Services | 0.00% | 0.00% | 1.71% | 81.52% |
Consumer Defense | 0.00% | 0.00% | 1.10% | 83.70% |
Consumer Cyclical | 0.00% | 0.00% | 11.19% | 84.78% |
Basic Materials | 0.00% | 0.00% | 30.69% | 90.22% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TOPIX % Rank | |
---|---|---|---|---|
Non US | 58.04% | 0.00% | 75.52% | 15.22% |
US | 39.67% | 24.74% | 100.00% | 88.04% |
TOPIX - Expenses
Operational Fees
TOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.16% | 0.08% | 3.64% | 20.24% |
Management Fee | 0.85% | 0.00% | 1.25% | 93.48% |
12b-1 Fee | 0.00% | 0.00% | 1.00% | 16.67% |
Administrative Fee | N/A | 0.05% | 0.25% | 74.36% |
Sales Fees
TOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TOPIX 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.
TOPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 124.00% | 7.00% | 428.00% | 82.50% |
TOPIX - Distributions
Dividend Yield Analysis
TOPIX | Category Low | Category High | TOPIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 4.25% | 89.13% |
Dividend Distribution Analysis
TOPIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
TOPIX | Category Low | Category High | TOPIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.19% | -1.58% | 6.38% | 71.43% |
Capital Gain Distribution Analysis
TOPIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Semi-Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2016 | $0.043 | |
Dec 30, 2015 | $0.053 | |
Dec 23, 2014 | $0.018 |
TOPIX - Fund Manager Analysis
Managers
Matthew Sallee
Start Date
Tenure
Tenure Rank
Sep 30, 2013
7.17
7.2%
Mr. Sallee joined Tortoise in 2005 and is an Executive Committee member. He 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. Mr. Sallee has more than 18 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 graduated magna cum laude from the University of Missouri with a degree in business administration. He is a CFA® charterholder.
Robert Thummel
Start Date
Tenure
Tenure Rank
Sep 30, 2013
7.17
7.2%
Mr. Thummel joined Tortoise 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 Tortoise, 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.
Brian Kessens
Start Date
Tenure
Tenure Rank
Sep 30, 2013
7.17
7.2%
Mr. Kessens joined Tortoise 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.
James Mick
Start Date
Tenure
Tenure Rank
Sep 30, 2013
7.17
7.2%
Mr. Mick joined Tortoise in 2006 and is a member of the Investment Committee. He frequently engages with Tortoise's largest institutional clients. Mr. Mick has more than 19 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.
Stephen Pang
Start Date
Tenure
Tenure Rank
Jan 01, 2018
2.92
2.9%
Primary Function: Mr. Pang is a Managing Director and Portfolio Manager and is responsible for Tortoise’s public and private direct investments across energy strategies, where he has served as Vice President of Tortoise Pipeline & Energy Fund, Inc., a closed-end fund, since May 2017. Mr. Pang currently serves as Chief Financial Officer and a board member of Tortoise Acquisition Corp. and will continue to serve on Tortoise Acquisition Corp.’s board following the anticipated closing of its business combination with Hyliion. Mr. Pang also serves on the board of Mexico Pacific Limited LLC, a Tortoise portfolio company. Background: Prior to joining the firm 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. Education: Mr. Pang received a B.S. in Business Administration from the University of Richmond and is a CFA® charterholder.
Nicholas Holmes
Start Date
Tenure
Tenure Rank
Jan 01, 2019
1.92
1.9%
Primary Function: Mr. Holmes serves as co-portfolio manager of the sustainable global water strategy. My Holmes also continues to evaluate private investment opportunities on water projects in support of Ecofin’s Private Sustainable Infrastructure team. Background: Mr. Holmes 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. Education: 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.
Maximilian Slee
Start Date
Tenure
Tenure Rank
Dec 31, 2019
0.92
0.9%
Primary Function: Mr. Max Slee is a portfolio manager working on sustainable, impact and ESG strategies, both long only and long/short. Background: Before joining Ecofin, Mr. Slee was a member of the clean energy team of the Clinton Foundation, a global non-profit organization founded by President Clinton, where he was involved in setting up and developing carbon capture & storage (CCS) projects around the world. Previously he was an investment banker at Lazard in London where he was a specialist in the energy sector, working on mergers and acquisitions. Education: Mr. Slee earned a Bachelor of Arts degree from Brown University.
Michel Sznajer
Start Date
Tenure
Tenure Rank
Dec 31, 2019
0.92
0.9%
Primary Function: Mr. Sznajer is a portfolio manager focused on sustainable products. Background: Before joining Ecofin, Mr. Sznajer was a partner and portfolio manager at Silvaris Capital Management. Previously Mr. Sznajer was employed at Wellington Management Co. as an industrial/Infrastructure analyst and portfolio manager. Prior to that, he worked at Goldman Sachs and Indosuez W.I. CARR covering the telecommunication sectors in Asia. Mr. Sznajer started his career as a management consultant at Bain & Company, covering technology, media and telecommunication, and financial sectors in Asia and Europe. Education: Mr. Sznajer earned an MSc in business and engineering from Brussels University and is a CFA® charterholder.
Matthew Breidert
Start Date
Tenure
Tenure Rank
Dec 31, 2019
0.92
0.9%
Primary Function: Mr. Matthew Breidert is a senior portfolio manager, overseeing sustainable, impact and ESG strategies, both long only and long/short. Background: Prior to joining Ecofin, Mr. Breidert was an assistant portfolio manager at Millennium Partners, based in New York. Previously, he was an investment banker with SG Barr Devlin, a division of Société Générale, where he focused on mergers and acquisitions and financial advisory to global utilities and power companies. Prior to that, he worked at Cornerstone Energy Advisers and FT Energy/RDI in Boulder, Co., where he focused on energy and utility‐focused economic policy. Education: Mr. Breidert earned a Bachelor of Science degree from the University of Illinois-Urbana Champaign and a Master of Business Administration from Washington University in St. Louis.
Jean Hugues De Lamaze
Start Date
Tenure
Tenure Rank
Dec 31, 2019
0.92
0.9%
Mr. Jean-Hugues de Lamaze joined Ecofin in 2008. From 2016 through November 2018 he was a Partner and member of the Board at Ecofin. He is senior portfolio manager for investment trust Ecofin Global Utilities & Infrastructure plc that launched in September 2016. Previously, he was senior portfolio manager for Ecofin Water & Power Opportunities plc. Prior to joining Ecofin, Mr. de Lamaze co-founded UV Capital LLP and served as chief investment officer. Previously, he oversaw the Goldman Sachs European Utilities research team and previously was a senior European analyst and head of French Research & Strategy at Credit Suisse First Boston. His professional career began at Enskilda Securities. Mr. de Lamaze is a CFAF certified analyst and a member of the French Financial Analysts Society SFAF. He completed the INSEAD International Executive Programme, graduated from the Paris based business school Institut Supérieur de Gestion and earned a LLB in Business Law from Paris II-Assas University. He was voted Top 10 Buy-Side Individual – All Sectors and Top 3 in the Utilities category in the 2018 Extel survey.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 22.68 | 5.64 | 0.43 |