Ecofin Tax-Exempt Private Credit Fund, Inc.
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$141 M
Holdings in Top 10
62.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.72%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
N/A
Fund Classification
Fund Type
Closed-end mutual fund
Name
As of 10/13/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TSIFX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.23%
- Dividend Yield 4.0%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameEcofin Tax-Exempt Private Credit Fund, Inc.
-
Fund Family NameEcofin
-
Inception DateMar 26, 2018
-
Shares Outstanding19754915
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGary Henson
Fund Description
TSIFX - Performance
Return Ranking - Trailing
Period | TSIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 3.1% | 32.37% |
1 Yr | N/A | -5.9% | 7.3% | 100.00% |
3 Yr | N/A* | -9.8% | 1.6% | 2.97% |
5 Yr | N/A* | -4.7% | 525.2% | 86.01% |
10 Yr | N/A* | 0.0% | 155.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | TSIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -1.5% | 7.5% | 100.00% |
2022 | N/A | -26.9% | -3.5% | 4.41% |
2021 | N/A | -1.9% | 5.6% | 90.55% |
2020 | N/A | -10.1% | 4.2% | 95.48% |
2019 | N/A | 2.0% | 9.1% | 100.00% |
Total Return Ranking - Trailing
Period | TSIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -3.8% | 3.1% | 32.37% |
1 Yr | N/A | -5.9% | 7.3% | 100.00% |
3 Yr | N/A* | -9.8% | 1.6% | 2.97% |
5 Yr | N/A* | -4.7% | 525.2% | 86.01% |
10 Yr | N/A* | 0.0% | 155.6% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | TSIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | 0.4% | 10.9% | 100.00% |
2022 | N/A | -26.9% | -2.9% | 0.49% |
2021 | N/A | -1.9% | 10.0% | 50.25% |
2020 | N/A | -4.1% | 8.2% | 85.93% |
2019 | N/A | 3.5% | 1028633.9% | 100.00% |
NAV & Total Return History
TSIFX - Holdings
Concentration Analysis
TSIFX | Category Low | Category High | TSIFX % Rank | |
---|---|---|---|---|
Net Assets | 141 M | 9.79 K | 16.1 B | 86.47% |
Number of Holdings | 57 | 1 | 3076 | 95.15% |
Net Assets in Top 10 | 88.1 M | -102 M | 3.44 B | 56.80% |
Weighting of Top 10 | 62.37% | 4.7% | 100.7% | 5.37% |
Top 10 Holdings
- Arizona Industrial Development Authority 15.28%
- Florida Development Finance Corp 10.74%
- Public Finance Authority 7.47%
- Public Finance Authority 7.02%
- Capital Trust Agency Inc 4.13%
- Capital Trust Agency Inc 4.04%
- Public Finance Authority 3.53%
- New Hampshire Business Finance Authority 3.47%
- Colorado Educational Cultural Facilities Authority 3.35%
- PUBLIC FIN AUTH WIS EDL FAC RE BDS 3.34%
Asset Allocation
Weighting | Return Low | Return High | TSIFX % Rank | |
---|---|---|---|---|
Bonds | 95.81% | 0.00% | 146.69% | 75.60% |
Cash | 4.19% | -0.64% | 100.00% | 18.45% |
Stocks | 0.00% | 0.00% | 99.38% | 55.02% |
Preferred Stocks | 0.00% | -47.61% | 1.89% | 35.92% |
Other | 0.00% | -12.04% | 9.96% | 40.29% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 35.92% |
Bond Sector Breakdown
Weighting | Return Low | Return High | TSIFX % Rank | |
---|---|---|---|---|
Municipal | 69.45% | 0.00% | 100.00% | 98.06% |
Securitized | 22.44% | 0.00% | 22.44% | 0.49% |
Corporate | 2.83% | 0.00% | 2.83% | 0.49% |
Cash & Equivalents | 2.28% | 0.00% | 100.00% | 24.76% |
Derivative | 0.00% | -12.35% | 1.55% | 35.44% |
Government | 0.00% | 0.00% | 0.09% | 39.32% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | TSIFX % Rank | |
---|---|---|---|---|
US | 95.81% | 0.00% | 139.84% | 71.84% |
Non US | 0.00% | 0.00% | 13.35% | 42.23% |
TSIFX - Expenses
Operational Fees
TSIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.72% | 0.21% | 3.44% | 13.17% |
Management Fee | 1.41% | 0.00% | 1.41% | 100.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.35% | N/A |
Sales Fees
TSIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TSIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
TSIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 2.00% | 121.00% | 57.14% |
TSIFX - Distributions
Dividend Yield Analysis
TSIFX | Category Low | Category High | TSIFX % Rank | |
---|---|---|---|---|
Dividend Yield | 4.05% | 0.00% | 6.74% | 83.25% |
Dividend Distribution Analysis
TSIFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
TSIFX | Category Low | Category High | TSIFX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.23% | 1.11% | 5.70% | 46.89% |
Capital Gain Distribution Analysis
TSIFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2023 | $0.084 | OrdinaryDividend |
Sep 29, 2023 | $0.079 | OrdinaryDividend |
Jun 30, 2023 | $0.085 | OrdinaryDividend |
Mar 31, 2023 | $0.105 | OrdinaryDividend |
Dec 30, 2022 | $0.104 | OrdinaryDividend |
Dec 21, 2022 | $0.381 | OrdinaryDividend |
Sep 30, 2022 | $0.154 | OrdinaryDividend |
Jun 30, 2022 | $0.155 | OrdinaryDividend |
Mar 31, 2022 | $0.881 | OrdinaryDividend |
Dec 31, 2021 | $0.107 | OrdinaryDividend |
Sep 30, 2021 | $0.088 | OrdinaryDividend |
Jun 30, 2021 | $0.110 | OrdinaryDividend |
Mar 31, 2021 | $0.091 | OrdinaryDividend |
Dec 31, 2020 | $0.098 | OrdinaryDividend |
Dec 23, 2020 | $0.005 | OrdinaryDividend |
Sep 30, 2020 | $0.103 | OrdinaryDividend |
Jun 30, 2020 | $0.129 | OrdinaryDividend |
Mar 31, 2020 | $0.122 | OrdinaryDividend |
Dec 27, 2019 | $0.002 | OrdinaryDividend |
Dec 26, 2018 | $0.022 | OrdinaryDividend |
TSIFX - Fund Manager Analysis
Managers
Gary Henson
Start Date
Tenure
Tenure Rank
Jan 28, 2019
3.34
3.3%
Mr. Henson joined the firm’s board in 2009 and formally began working at the firm in 2016. He is an Executive Committee member and member of the Ecofin Development Committee and serves as President of TortoiseEcofin Investments, LLC. Mr. Henson was formerly the CIO for a family office as well as the CIO of Mariner Holdings and its affiliates. Mr. Henson has nearly 30 years of institutional money management experience at banks, insurance companies and foundations. Mr. Henson earned his Bachelor of Arts degree in business from Westminster College (Fulton, Mo.) and is a CFA® charterholder. In addition, he is Trustee of 1248 Holdings. He serves on the board of directors of TC Wealth Partners, a Chicago-based wealth management firm, and Shatterproof, a national organization committed to ending the stigma of addiction with a particular focus on the prescription pill crisis. He is also a board member of the National Association of Intercollegiate Athletics (NAIA) Champions of Character. 021921
P.Bradley Adams
Start Date
Tenure
Tenure Rank
Jan 28, 2019
3.34
3.3%
Mr. Bradley Adams joined Tortoise in 2005 and oversees Tortoise’s financial operations. He is also the chief executive officer for the Tortoise closed-end funds and serves on the SIIC. Previously, he served as a consultant to the financial services industry and was vice president of finance and operations, chief operating officer and director of Jones & Babson, Inc., an investment company distributor and service provider. Mr. Adams earned a Bachelor of Science degree in finance from the University of Wyoming and a Master of Business Administration degree from Rockhurst University (Kansas City, Mo.).
David Sifford
Start Date
Tenure
Tenure Rank
Jan 28, 2019
3.34
3.3%
Mr. Sifford joined the firm in 2018 as a Managing Director on the Social Impact team. Mr. Sifford oversees and manages the Social Impact platform and serves on the Social Impact Investment Committee. Prior to joining the firm, Mr. Sifford served as Vice President of the Education Investment Group at EPR Properties, pursuing the development and acquisition of education-based real estate across the country. With over 20 years of real estate experience, Mr. Sifford helped make EPR Properties one of the largest owners of public charter schools in the U.S. and a recognized leader in the financing of educational facilities. In his time at EPR Properties, Mr. Sifford grew the company’s total investments in their Education portfolio by more than $1 billion. Prior to joining EPR Properties, Mr. Sifford served as a Senior Vice President at PNC Real Estate Finance. During his tenure at PNC, Mr. Sifford contributed to over $4 billion in loan origination and debt restructuring. Mr. Sifford holds an M.B.A in Finance and Strategy from Vanderbilt University and a B.A. in both Business Administration and Sports Science from the University of Richmond. 021821
Brent Newcomb
Start Date
Tenure
Tenure Rank
Sep 04, 2020
1.74
1.7%
Mr. Newcomb joined the firm in 2014 and is a member of the Executive Committee and Ecofin Development Committee and serves as President of the Ecofin platform. He is a member of investment committees for various Ecofin investment strategies as well as Tortoise Essential Assets Income Term Fund. Previously, Mr. Newcomb worked for GCM Grosvenor where he focused on portfolio management. He earned a Bachelor of Science degree in business administration from the University of Kansas and a Master of Business Administration degree from the University Of Chicago Booth School Of Business. 021821
Matthew Ordway
Start Date
Tenure
Tenure Rank
Jan 26, 2022
0.34
0.3%
Mr. Matthew Ordway co-founded the firm's Clean Energy and Infrastructure business in 2016 and serves as a managing director. Mr. Ordway previously co-founded Energy & Infrastructure Capital LLC (EIC), where he served as chief financial officer and chief operations officer, responsible for the firm’s financial and operational management and portfolio management. Prior to forming EIC, Mr. Ordway served as chief financial officer at renewable energy developer Ridgeline Energy. He also held positions at First Wind and Babcock & Brown’s North American Infrastructure group. Formerly a senior vice president at GE Energy Financial Services, Mr. Ordway led a team responsible for making principal investments across the energy sector and managed a $1 billion energy and infrastructure sector portfolio. During his tenure with GE, Mr. Ordway also ran GE Corporate’s Six Sigma program where he became a certified Master Black Belt. Mr. Ordway also worked at Andersen Business Consulting and at International Paper Company. Mr. Ordway holds a Bachelor of Science in mathematics from Fairfield University, and a Bachelor of Science in mechanical engineering and Master of Business Administration from Columbia University. 021921
Jerry Polacek
Start Date
Tenure
Tenure Rank
Jan 26, 2022
0.34
0.3%
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 21.43 | 7.46 | 2.52 |