Tortoise Midstream Energy Fund:NTG

    Manage Alerts

    Overview

    As of 10/18/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$32.90$42.00-21.67%
    52 Wk Avg$25.74$33.39-23.09%
    52 Wk High$33.23$42.00-19.38%
    52 Wk Low$14.44$20.43-29.92%
    Regular Distribution TypeIncome Only
    Distribution Rate4.68%
    Distribution Amount$0.3850
    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 10/18/2021

    Total Investment Exposure:$308.844M
    Total Common Assets:$237.006M
    Common Shares Outstanding:5,642,991
    Leverage

    As of 10/18/2021

    Preferred Share Assets: $6.191M
    Total Debt (USD): $65.647M
    Regulatory Leverage (USD): $71.838M
    Effective Leverage (USD): $71.838M
    Effective Leverage (%): 23.26%
    Annual Expense Ratios

    As of 11/30/2020

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 8.56%
    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): 36,019
    Average Daily Volume (USD): $0.875M
    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 10/18/2021

    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
    $0.6334
    Annualized Distribution Rate on NAV:
    As of 10/18/2021
    3.67%
    Total Return on NAV (12 months):
    As of 10/18/2021
    96.31%
    Avg. Portfolio Coupon:
    As of 10/18/2021
    6.00%
    Total % Portfolio Effectively Leveraged:
    As of 10/18/2021
    23.26%

    Pricing Information

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

    As of 10/19/2021

    PeriodAvg Discount
    6 Month-22.26%
    1 Year-23.09%
    3 Year-14.54%
    5 Year-8.39%
    Z-Score

    As of 10/18/2021

    PeriodZStat
    3 Month0.19
    6 Month0.55
    1 Year0.78
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 9/30/2021
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD45.87%42.40%54.94%40.96%
    2020-80.09%-76.08%-61.07%-56.46%
    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 9/30/2021
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 10/18/2021
    6.00%
    Number of Holdings:
    As of 6/30/2021
    61
    Annual Portfolio Turnover:
    As of 11/30/2020
    38.08%
    Asset Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Energy83.30%
    Sensitive (Super Sector)83.30%
    Utilities7.61%
    Defensive (Super Sector)7.61%
    Cyclical (Super Sector)4.14%
    Corporate (Super Sector)3.88%
    Financial Services3.01%
    Preferred Stock3.00%
    Basic Materials1.13%
    Corporate Bond0.87%
    Top Holdings

    As of 6/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Enterprise Products Partners LP$27.66M9.21%
    Williams Companies Inc$27.28M9.08%
    MPLX LP Partnership Units$26.47M8.81%
    Magellan Midstream Partners LP$24.59M8.18%
    ONEOK Inc$20.32M6.77%
    DCP Midstream LP$19.85M6.61%
    Energy Transfer LP$19.75M6.57%
    Kinder Morgan Inc Class P$17.16M5.71%
    Targa Resources Corp$17.12M5.70%
    Plains All American Pipeline LP$16.50M5.49%
    Credit Quality

    As of 6/30/2021 reported by Fund Sponsor

    Maturity Breakdown

    As of 6/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity93.05%
    United Kingdom - Equity2.01%
    United States - Fixed Income0.87%

    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.

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