XNTGX: Tortoise Midstream Energy Fund

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XNTGX Tortoise Midstream Energy Fund


Profile

XNTGX - Profile

Vitals

  • YTD Return 94.8%
  • 3 Yr Annualized Return 7.5%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $146 M
  • Holdings in Top 10 57.1%

52 WEEK LOW AND HIGH

$23.00
$0.81
$30.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 4.07%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 29.21%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Closed-end mutual fund
  • Investment Style Energy Limited Partnership

Distributions

  • YTD Total Return 94.8%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -2.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Tortoise Midstream Energy Fund
  • Fund Family Name
    Tortoise Capital Advisors
  • Inception Date
    Jul 27, 2010
  • Shares Outstanding
    6321000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    H. Birzer

Fund Description

N/A


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Categories

Performance

XNTGX - Performance

Return Ranking - Trailing

Period XNTGX Return Category Return Low Category Return High Rank in Category (%)
YTD 94.8% -86.4% 100.6% 0.74%
1 Yr 67.9% -88.5% 92.8% 1.12%
3 Yr 7.5%* -56.0% 35.6% 6.28%
5 Yr -0.2%* -44.8% 31.0% 40.51%
10 Yr N/A* -12.6% 34.8% N/A

* Annualized

Return Ranking - Calendar

Period XNTGX Return Category Return Low Category Return High Rank in Category (%)
2019 -8.7% -24.2% 71.9% 96.89%
2018 -27.4% -35.0% 12.7% 90.78%
2017 -11.5% -25.3% 59.5% 76.65%
2016 8.1% -15.5% 42.5% 50.55%
2015 -35.1% -65.1% 11.8% 82.00%

Total Return Ranking - Trailing

Period XNTGX Return Category Return Low Category Return High Rank in Category (%)
YTD 94.8% -86.4% 100.6% 0.74%
1 Yr 67.9% -88.5% 92.8% 1.12%
3 Yr 7.5%* -56.0% 41.0% 7.25%
5 Yr -0.2%* -44.8% 34.1% 47.47%
10 Yr N/A* -6.3% 36.6% N/A

* Annualized

Total Return Ranking - Calendar

Period XNTGX Return Category Return Low Category Return High Rank in Category (%)
2019 -8.7% -22.9% 71.9% 96.89%
2018 -27.4% -31.5% 12.7% 94.47%
2017 -11.5% -25.3% 68.6% 91.88%
2016 8.1% -15.5% 42.5% 60.99%
2015 -35.1% -65.1% 11.8% 85.33%

NAV & Total Return History


Holdings

XNTGX - Holdings

Concentration Analysis

XNTGX Category Low Category High XNTGX % Rank
Net Assets 146 M 105 K 8.41 B 42.28%
Number of Holdings 41 5 1562 47.43%
Net Assets in Top 10 547 M -225 M 2.73 B 15.81%
Weighting of Top 10 57.06% 16.4% 238.7% 50.22%

Top 10 Holdings

  1. Energy Transfer LP 10.37%
  2. Enterprise Products Partners LP 8.64%
  3. MPLX LP Partnership Units 7.74%
  4. Magellan Midstream Partners LP 5.75%
  5. Williams Companies Inc 4.79%
  6. Crestwood Equity Partners LP 9.25 % Preferred Partnership Units -144A- 4.54%
  7. NuStar Energy LP 3.93%
  8. Phillips 66 Partners LP 3.93%
  9. Shell Midstream Partners LP 3.73%
  10. Plains All American Pipeline LP 3.66%

Asset Allocation

Weighting Return Low Return High XNTGX % Rank
Stocks
90.81% 80.60% 325.56% 86.03%
Preferred Stocks
4.54% -0.29% 7.00% 1.84%
Bonds
3.97% -43.96% 56.94% 12.50%
Convertible Bonds
0.63% 0.00% 4.97% 5.15%
Cash
0.05% -225.56% 20.91% 76.10%
Other
0.00% -52.75% 85.39% 28.31%

Stock Sector Breakdown

Weighting Return Low Return High XNTGX % Rank
Energy
99.52% 0.00% 100.00% 7.26%
Basic Materials
0.48% 0.00% 16.01% 71.37%
Utilities
0.00% 0.00% 48.22% 81.45%
Technology
0.00% 0.00% 53.21% 71.77%
Real Estate
0.00% 0.00% 97.46% 67.74%
Industrials
0.00% 0.00% 46.89% 77.02%
Healthcare
0.00% 0.00% 98.52% 72.18%
Financial Services
0.00% 0.00% 46.18% 72.18%
Communication Services
0.00% 0.00% 24.63% 70.56%
Consumer Defense
0.00% 0.00% 23.50% 68.95%
Consumer Cyclical
0.00% 0.00% 36.79% 70.56%

Stock Geographic Breakdown

Weighting Return Low Return High XNTGX % Rank
US
89.10% 80.06% 325.56% 67.28%
Non US
1.71% -5.02% 39.88% 41.91%

Bond Sector Breakdown

Weighting Return Low Return High XNTGX % Rank
Corporate
99.42% 0.00% 100.00% 7.01%
Cash & Equivalents
0.58% -0.91% 100.00% 91.14%
Derivative
0.00% 0.00% 32.38% 16.97%
Securitized
0.00% 0.00% 19.07% 19.56%
Municipal
0.00% 0.00% 2.61% 18.82%
Government
0.00% 0.00% 99.56% 24.35%

Bond Geographic Breakdown

Weighting Return Low Return High XNTGX % Rank
US
3.97% -43.96% 35.66% 12.50%
Non US
0.00% -4.33% 27.84% 21.32%

Expenses

XNTGX - Expenses

Operational Fees

XNTGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 4.07% 0.37% 37.17% 15.73%
Management Fee 1.60% 0.00% 2.64% 98.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.05% 0.45% N/A

Sales Fees

XNTGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

XNTGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

XNTGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 29.21% 0.00% 5191.00% 34.82%

Distributions

XNTGX - Distributions

Dividend Yield Analysis

XNTGX Category Low Category High XNTGX % Rank
Dividend Yield 0.00% 0.00% 23.10% 25.74%

Dividend Distribution Analysis

XNTGX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

XNTGX Category Low Category High XNTGX % Rank
Net Income Ratio -2.02% -3.05% 6.50% 97.03%

Capital Gain Distribution Analysis

XNTGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

XNTGX - Fund Manager Analysis

Managers

H. Birzer


Start Date

Tenure

Tenure Rank

Jul 28, 2010

9.93

9.9%

H. Kevin Birzer, Senior Managing Director and Chief Executive Officer Mr. H. Kevin Birzer co-founded Tortoise Capital in 2002. Mr. Birzer is a member of the Investment Committee of Tortoise Capital. He has more than 38 years of money management experience, He began his career in 1981 at KPMG Peat Marwick. His experience includes three years as vice president for F. Martin Koenig & Co., where he focused on equity and options investments, and three years at Drexel Burnham Lambert, where he served as vice president in the corporate finance department. In 1990, Mr. Birzer co-founded Fountain Capital Management, a high-yield bond management firm and founding sponsor of Tortoise. He earned a Master of Business Administration degree from New York University and a Bachelor of Science in business administration degree from the University of Notre Dame. He is a CFA® charterholder.

Matthew Sallee


Start Date

Tenure

Tenure Rank

Jun 30, 2015

5.01

5.0%

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.

Nicholas Holmes


Start Date

Tenure

Tenure Rank

Jun 30, 2015

5.01

5.0%

Mr. Nick Holmes joined the Tortoise energy investment team in 2010 and is a portfolio manager for the firm’s energy and sustainable water strategies. He also serves as president of the Tortoise Essential Assets Income Term Fund and the vice president of the Tortoise Energy Infrastructure Corp. and Tortoise Midstream Energy Fund, Inc. closed-end funds. 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
0.16 33.36 5.83 10.26