Tortoise Energy Independence (NDP)

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3.87 -0.03  -0.77% NYSE Oct 23, 09:42 Delayed 2m USD
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Key Stats

Net Asset Value 4.50
Discount or Premium to NAV -13.33%
Turnover Ratio 143.8%
1 Year Fund Level Flows -21.98M

Performance & Returns

  Total Return (Price) Total Return (NAV) Cat. Total Return (NAV) % Rank in Cat. (NAV)
1M -10.14% -7.22% -5.94% 75
3M -41.04% -16.96% -10.12% 100
6M -52.72% -40.50% -19.02% 100
YTD -35.08% -27.50% -3.53% 100
1Y -60.25% -51.67% -25.12% 100
3Y -28.20% -25.45% -7.43% 100
5Y -20.42% -19.55% -13.50% 75
10Y -- -- 0.81% --
15Y -- -- 3.79% --
20Y -- -- 4.70% --
As of Oct. 22, 2019. Returns for periods of 1 year and above are annualized.

Asset Allocation

Type % Net % Long % Short
Cash 5.15% 5.15% 0.00%
Stock 93.00% 93.16% 0.16%
Bond 0.00% 0.00% 0.00%
Convertible 0.00% 0.00% 0.00%
Preferred 1.85% 1.85% 0.00%
Other 0.00% 0.00% 0.00%
As of May 31, 2019

Region Exposure

Americas 100.0%
North America 100.0%
Latin America 0.00%
Greater Europe 0.00%
United Kingdom 0.00%
Europe Developed 0.00%
Europe Emerging 0.00%
Africa/Middle East 0.00%
Greater Asia 0.00%
Japan 0.00%
Australasia 0.00%
Asia Developed 0.00%
Asia Emerging 0.00%
Market Classification
% Developed Markets 100.0%
% Emerging Markets 0.00%
As of May 31, 2019. Region breakdown data is calculated by using the long position holdings of the portfolio.

Stock Sector Exposure

Basic Materials 0.00%
Communication Services 0.00%
Consumer Cyclical 0.00%
Consumer Defensive 0.00%
Energy 100.0%
Financial Services 0.00%
Healthcare 0.00%
Industrials 0.00%
Real Estate 0.00%
Technology 0.00%
Utilities 0.00%
As of May 31, 2019

Stock Market Capitalization

Giant 0.00%
Large 24.08%
Medium 58.62%
Small 17.30%
Micro 0.00%
As of May 31, 2019

Stock Style Exposure

Large Cap Value 5.88%
Large Cap Blend 0.00%
Large Cap Growth 18.20%
Mid Cap Value 8.05%
Mid Cap Blend 28.16%
Mid Cap Growth 22.40%
Small Cap Value 8.88%
Small Cap Blend 7.29%
Small Cap Growth 1.13%
As of May 31, 2019
View More Holdings

Top 10 Holdings

Symbol Name % Weight Price % Chg
COG Cabot Oil & Gas Corp Class A 9.41% 18.27 -1.35%
PXD Pioneer Natural Resources Co 7.41% 129.52 -0.69%
EQT EQT Corp 7.36% 9.16 -3.17%
OXY Occidental Petroleum Corp 5.48% 42.09 -0.31%
FANG Diamondback Energy Inc 5.29% 84.96 -0.85%
CXO Concho Resources Inc 5.11% 64.18 -1.34%
CLR Continental Resources Inc 5.05% 28.54 -0.59%
EOG EOG Resources Inc 4.43% 69.69 +0.17%
PE Parsley Energy Inc A 4.41% 16.26 -0.73%
DVN Devon Energy Corp 4.21% 20.52 -0.73%
As of May 31, 2019
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Basic Info

Investment Strategy
Under normal circumstances, we will invest at least 80% of our Total Assets in equity securities of North American energy companies, including at least 70% of our Total Assets in equity securities of upstream energy companies. We define Total Assets as the value of securities, cash or other assets held, including securities or assets obtained through leverage, and interest accrued but not yet received. We will invest in equity securities that are publicly traded on an exchange or in the OTC market, primarily consisting of common stock, but also including, among others, MLP and LLC common units. We consider a company to be a North American energy company if (i) it is organized under the laws of, or maintains its principal place of business in, the U.S. or Canada, and (ii) at least 50% of its assets, cash flow or revenue is associated with the exploration, development, drilling, completion or production of crude oil, condensate, natural gas and NGLs, or providing associated transportation, processing, storage, servicing and equipment. We consider a company to be an upstream energy company if (i) at least 50% of its assets, cash flow or revenue is associated with the exploration, development, drilling, completion or production of crude oil, condensate, natural gas and NGLs or (ii) its business is related to energy production or refining as defined by the SIC system.
General
Security Type Closed-End Fund
Equity Style Mid Cap/Blend
Fixed Income Style --
Broad Asset Class Sector Equity
Broad Category Equity
Category Name Equity Energy
Prospectus Objective Growth and Income
Fund Owner Firm Name Tortoise Capital Advisors
Benchmark Index
Alerian MLP TR USD 100.0%
Reports
One Page Report Download

Manager Info

Name Tenure
Brian Kessens 6.68 yrs
H. Birzer 6.68 yrs
James Mick 6.68 yrs
Kenneth Malvey 6.68 yrs
Matthew Sallee 6.68 yrs
Robert Thummel 6.68 yrs
Terry Matlack 6.68 yrs
Zachary Hamel 6.68 yrs

Net Fund Flows

1M 0.00
3M -5.895M
6M -11.87M
YTD 0.00
1Y -21.98M
3Y -67.80M
5Y -112.41M
10Y --
As of Jan. 31, 2018

Risk Info

Beta (5Y) 2.130
Max Drawdown (All) 74.89%
Historical Sharpe Ratio (10Y) --
Historical Sortino (All) -0.4088
30-Day Rolling Volatility 39.85%
Daily Value at Risk (VaR) 1% (All) 4.98%
Monthly Value at Risk (VaR) 1% (All) 31.93%

Fundamentals

Dividend Yield TTM (10-23-19) 13.90%
30-Day SEC Yield --
7-Day SEC Yield --
Weighted Average PE Ratio 9.754
Weighted Average Price to Sales Ratio 1.600
Weighted Average Price to Book Ratio 0.9268
Weighted Median ROE 11.32%
Weighted Median ROA 5.27%
Forecasted Dividend Yield 1.46%
Forecasted PE Ratio 11.83
Forecasted Price to Sales Ratio 1.427
Forecasted Price to Book Ratio 0.8582
Number of Holdings 54
As of May 31, 2019

Growth Estimates

Forecasted 5 Yr Earnings Growth 27.98%
Forecasted Book Value Growth 5.62%
Forecasted Cash Flow Growth 32.82%
Forecasted Earnings Growth 53.69%
Forecasted Revenue Growth 13.36%
As of May 31, 2019

Comparables

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Attributes

Key Dates
Inception Date 7/27/2012
Termination Date
Last Annual Report Date 11/30/2018
Last Prospectus Date
Attributes
Exchange Traded Share No
Exchange Traded Note No
Enhanced Index Fund No
Fixed Distribution Fund No
High-Net Worth Individual Fund No
Index Fund No
Inverse Fund No
Leveraged Fund Yes
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan Yes
Socially Responsible Fund No
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
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