Tortoise Midstream Energy Fund:NTG

    Manage Alerts

    Overview

    As of 10/23/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$15.97$22.30-28.39%
    52 Wk Avg$49.58$54.97-15.60%
    52 Wk High$116.80$123.702.54%
    52 Wk Low$5.00$8.10-41.35%
    Regular Distribution TypeIncome Only
    Distribution Rate7.76%
    Distribution Amount$0.3100
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Under normal market conditions, NTG will invest at least 80% of its total assets in equity securities of midstream energy entities in the energy infrastructure sector, including MLPs, with at least 50% of its total assets in equity securities of natural gas infrastructure entities

    Capital Structure

    As of 10/23/2020

    Total Investment Exposure:$229.088M
    Total Common Assets:$140.575M
    Common Shares Outstanding:6,320,839
    Leverage

    As of 10/22/2020

    Preferred Share Assets: $6.272M
    Total Debt (USD): $82.240M
    Regulatory Leverage (USD): $88.512M
    Effective Leverage (USD): $88.512M
    Effective Leverage (%): 38.64%
    Annual Expense Ratios

    As of 11/30/2019

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 4.04%
    Fund Management

    Fund Sponsor
    Tortoise Capital Advisors

    Portfolio Managers
    Matthew G.P. Sallee, Nicholas S. Holmes, H. Kevin Birzer

    Basics
    Category: Equity-MLP
    Ticker: NTG
    NAV Ticker: XNTGX
    Average Daily Volume (shares): 83,831
    Average Daily Volume (USD): $3.941M
    Inception Date: 7/27/2010
    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 10/23/2020

    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 5/31/2020
    $4.0099
    Annualized Distribution Rate on NAV:
    As of 10/23/2020
    5.56%
    Total Return on NAV (12 months):
    As of 10/23/2020
    -83.24%
    Avg. Portfolio Coupon:
    As of 10/23/2020
    8.72%
    Total % Portfolio Effectively Leveraged:
    As of 10/23/2020
    38.64%

    Pricing Information

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

    As of 10/23/2020

    PeriodAvg Discount
    6 Month-23.50%
    1 Year-15.60%
    3 Year-6.44%
    5 Year-5.07%
    Z-Score

    As of 10/23/2020

    PeriodZStat
    3 Month-2.23
    6 Month-1.28
    1 Year-1.40
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2020
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-86.22%-82.65%-71.32%-65.59%
    20192.36%3.86%16.44%13.89%
    20180.35%4.27%-22.39%-17.44%
    20170.97%-2.86%-0.56%-5.69%
    201620.82%18.49%34.69%33.32%
    2015-32.63%-30.71%-44.89%-43.81%
    20148.37%7.64%4.21%6.36%
    201318.62%25.60%20.35%29.71%
    20121.63%-0.40%9.61%3.27%
    201113.61%7.63%4.04%11.83%
    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 9/30/2020
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/23/2020
    8.72%
    Number of Holdings:
    As of 5/31/2020
    23
    Annual Portfolio Turnover:
    As of 11/30/2019
    29.21%
    Asset Allocation

    As of 5/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 5/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Energy70.96%
    Sensitive (Super Sector)70.96%
    Corporate (Super Sector)21.42%
    Preferred Stock10.78%
    Corporate Bond8.36%
    Cash Equivalents (Super Sector)7.62%
    Cash Equivalents7.62%
    Convertible2.28%
    Top Holdings

    As of 5/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    MPLX LP Partnership Units$27.11M11.35%
    Crestwood Equity Partners LP 9.25 % Preferred Partnership Units -144A-$25.76M10.78%
    Magellan Midstream Partners LP$18.79M7.87%
    Enterprise Products Partners LP$16.92M7.08%
    Phillips 66 Partners LP$13.87M5.81%
    Energy Transfer LP$11.93M4.99%
    Targa Resources Corp Preferred Stock$11.87M4.97%
    DCP Midstream LP$10.96M4.59%
    NuStar Energy LP$9.64M4.03%
    Shell Midstream Partners LP$9.42M3.94%
    Maturity Breakdown

    As of 5/31/2020 reported by Fund Sponsor

    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-1014244PR-E1119W