Tortoise Energy Independence Fund, Inc:NDP

    Manage Alerts

    Overview

    As of 4/11/2024

     Share
    Price
    NAVPremium/
    Discount
    Current$34.40$40.44-14.94%
    52 Wk Avg$30.08$35.29-14.80%
    52 Wk High$35.01$40.50-10.36%
    52 Wk Low$26.93$31.53-18.34%
    Regular Distribution TypeIncome Only
    Distribution Rate7.33%
    Distribution Amount$0.6300
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    NDP has an investment objective of providing stockholders a high level of total return with an emphasis on current distributions. NDP invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a significant presence in North American oil and gas fields, including shale reservoirs.

    Capital Structure

    As of 4/11/2024

    Total Investment Exposure:$76.174M
    Total Common Assets:$67.374M
    Common Shares Outstanding:1,666,014
    Leverage

    As of 4/11/2024

    Preferred Share Assets:
    Total Debt (USD): $8.800M
    Regulatory Leverage (USD): $8.800M
    Effective Leverage (USD): $8.800M
    Effective Leverage (%): 11.55%
    Annual Expense Ratios

    As of 11/30/2023

      Per Common Share
    Management Fees1.23%
    Other Expenses:0.28%
    Baseline Expense: N/A
    Interest Expense:0.79%
    Total: 2.30%
    Fund Management

    Fund Sponsor
    Tortoise Capital Advisors, LLC

    Portfolio Managers
    Brian A. Kessens, James R. Mick, Matthew G.P. Sallee, Robert J. Thummel, Stephen Pang

    Basics
    Category: Equity-Sector Equity
    Ticker: NDP
    NAV Ticker: XNDPX
    Average Daily Volume (shares): 7,622
    Average Daily Volume (USD): $0.226M
    Inception Date: 7/27/2012
    Inception Share Price: $25.00
    Inception NAV: $23.88
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 4/11/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 11/30/2023
    $0.1427
    Annualized Distribution Rate on NAV:
    As of 4/11/2024
    6.23%
    Total Return on NAV (12 months):
    As of 4/11/2024
    26.34%
    Total % Portfolio Effectively Leveraged:
    As of 4/11/2024
    11.55%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 4/12/2024

    PeriodAvg Discount
    6 Month-15.33%
    1 Year-14.80%
    3 Year-14.31%
    5 Year-13.76%
    Z-Score

    As of 4/11/2024

    PeriodZStat
    3 Month0.11
    6 Month0.23
    1 Year-0.09
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 3/31/2024
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD20.11%14.66%8.33%4.56%
    20237.05%6.46%4.81%6.23%
    202240.86%45.68%-10.73%-7.15%
    202171.79%56.51%22.39%17.58%
    2020-60.65%-55.87%5.15%5.71%
    2019-25.51%-19.37%26.64%22.38%
    2018-40.58%-38.31%-12.35%-9.96%
    2017-8.65%-9.97%18.18%12.88%
    201666.92%45.94%17.45%14.67%
    2015-33.87%-35.36%-15.98%-12.75%
    2014-19.10%-12.95%5.16%4.65%
    201325.23%27.86%16.34%17.44%
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 3/31/2024
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2024
    35
    Annual Portfolio Turnover:
    As of 11/30/2023
    14.33%
    Asset Allocation

    As of 3/31/2024

    Top Sectors

    As of 3/31/2024

    Sector%Portfolio
    Energy97.08%
    Sensitive (Super Sector)97.08%
    Defensive (Super Sector)2.44%
    Utilities2.32%
    Cash Equivalents0.47%
    Cash Equivalents (Super Sector)0.47%
    Consumer Defensive0.12%
    Top Holdings

    As of 3/31/2024

    HoldingValue% Portfolio
    Diamondback Energy Inc$7.37M9.81%
    Cheniere Energy Inc$6.04M8.05%
    Exxon Mobil Corp$5.00M6.66%
    Energy Transfer LP$4.61M6.14%
    Devon Energy Corp$4.54M6.04%
    EQT Corp$4.35M5.80%
    Targa Resources Corp$4.24M5.65%
    Chevron Corp$2.97M3.96%
    EOG Resources Inc$2.95M3.93%
    Occidental Petroleum Corp$2.81M3.75%
    Country Allocation

    As of 3/31/2024

    Country% Portfolio
    United States - Equity95.33%
    Canada - Equity4.20%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W