Tortoise Energy Independence Fund, Inc:NDP

    Manage Alerts

    Overview

    As of 7/3/2022. NAV as of 7/1/2022.

     Share
    Price
    NAVPremium/
    Discount
    Current$27.54$31.96-13.83%
    52 Wk Avg$24.99$28.86-13.24%
    52 Wk High$34.81$40.74-7.49%
    52 Wk Low$18.06$21.14-17.37%
    Regular Distribution TypeIncome Only
    Distribution Rate6.97%
    Distribution Amount$0.4800
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under normal circumstances, NDP will invest at least 80% of its total assets in equity securities of North American energy companies, including at least 50% of its total assets in equity securities of upstream energy companies. NDP will invest in equity securities that are publicly traded on an exchange or in the OTC” market. NDP may invest up to 30% of its total assets in restricted securities.

    Capital Structure

    As of 7/3/2022

    Total Investment Exposure:$61.698M
    Total Common Assets:$58.998M
    Common Shares Outstanding:1,845,997
    Leverage

    As of 7/1/2022

    Preferred Share Assets:
    Total Debt (USD): $2.700M
    Regulatory Leverage (USD): $2.700M
    Effective Leverage (USD): $2.700M
    Effective Leverage (%): 4.38%
    Annual Expense Ratios

    As of 11/30/2021

      Per Common Share
    Management Fees1.41%
    Other Expenses:1.18%
    Baseline Expense: N/A
    Interest Expense:0.66%
    Total: 3.24%
    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, Nicholas S. Holmes

    Basics
    Category: Equity-Sector Equity
    Ticker: NDP
    NAV Ticker: XNDPX
    Average Daily Volume (shares): 16,961
    Average Daily Volume (USD): $0.425M
    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 7/3/2022

    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 5/31/2021
    $0.3575
    Annualized Distribution Rate on NAV:
    As of 7/3/2022
    6.01%
    Total Return on NAV (12 months):
    As of 7/3/2022
    38.69%
    Total % Portfolio Effectively Leveraged:
    As of 7/3/2022
    4.38%

    Pricing Information

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

    As of 7/4/2022

    PeriodAvg Discount
    6 Month-14.06%
    1 Year-13.24%
    3 Year-15.46%
    5 Year-7.43%
    Z-Score

    As of 7/4/2022

    PeriodZStat
    3 Month0.79
    6 Month0.11
    1 Year-0.29
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2022
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD26.79%27.19%-11.80%-10.58%
    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 6/30/2022
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2022
    37
    Annual Portfolio Turnover:
    As of 11/30/2021
    72.19%
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Sensitive (Super Sector)97.34%
    Energy97.24%
    Defensive (Super Sector)1.68%
    Utilities1.44%
    Cash Equivalents0.99%
    Cash Equivalents (Super Sector)0.99%
    Consumer Defensive0.23%
    Industrials0.09%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    Cheniere Energy Inc$6.09M9.04%
    Pioneer Natural Resources Co$5.59M8.29%
    Devon Energy Corp$5.35M7.93%
    Diamondback Energy Inc$5.10M7.56%
    EOG Resources Inc$4.12M6.12%
    EQT Corp$4.04M6.00%
    Chevron Corp$3.48M5.17%
    Occidental Petroleum Corp$3.33M4.94%
    Energy Transfer LP$2.70M4.00%
    Targa Resources Corp$2.18M3.24%
    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Equity93.77%
    Canada - Equity5.25%

    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.

    EWB-2036301PR-E0222X