Tortoise Midstream Energy Fund:NTG

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    Overview

    As of 5/20/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$36.86$44.46-17.09%
    52 Wk Avg$31.95$39.96-20.13%
    52 Wk High$40.61$48.44-15.71%
    52 Wk Low$25.78$34.53-24.33%
    Regular Distribution TypeIncome Only
    Distribution Rate8.36%
    Distribution Amount$0.7700
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    To provide stockholders a high level of total return with an emphasis on current distributions paid to stockholders. NTG invests primarily in midstream energy entities that own and operate a network of pipeline and energy-related logistical infrastructure assets with an emphasis on those that transport, gather, process and store natural gas and natural gas liquids (NGLs). NTG targets midstream energy entities. NTG invests at least 80% of its total investments in equity securities of midstream energy entities in the energy infrastructure sector, including MLPs, with at least 50% of its total investments in equity securities of natural gas infrastructure entities.

    Capital Structure

    As of 5/20/2022

    Total Investment Exposure:$311.132M
    Total Common Assets:$250.887M
    Common Shares Outstanding:5,642,991
    Leverage

    As of 5/20/2022

    Preferred Share Assets: $6.194M
    Total Debt (USD): $54.051M
    Regulatory Leverage (USD): $60.245M
    Effective Leverage (USD): $60.245M
    Effective Leverage (%): 19.36%
    Annual Expense Ratios

    As of 11/30/2021

      Per Common Share
    Management FeesN/A
    Other Expenses:N/A
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 2.49%
    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-MLP
    Ticker: NTG
    NAV Ticker: XNTGX
    Average Daily Volume (shares): 25,646
    Average Daily Volume (USD): $0.817M
    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 5/20/2022

    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 11/30/2021
    -$1.1366
    Annualized Distribution Rate on NAV:
    As of 5/20/2022
    6.93%
    Total Return on NAV (12 months):
    As of 5/20/2022
    35.13%
    Avg. Portfolio Coupon:
    As of 5/20/2022
    6.00%
    Total % Portfolio Effectively Leveraged:
    As of 5/20/2022
    19.36%

    Pricing Information

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

    As of 5/21/2022

    PeriodAvg Discount
    6 Month-18.24%
    1 Year-20.13%
    3 Year-16.97%
    5 Year-10.26%
    Z-Score

    As of 5/20/2022

    PeriodZStat
    3 Month1.26
    6 Month1.07
    1 Year1.36
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2022
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD22.62%19.45%20.42%18.37%
    202156.83%45.64%56.43%44.11%
    2020-80.09%-76.08%-61.23%-56.67%
    20192.36%3.86%17.37%14.66%
    20180.35%4.27%-22.71%-17.74%
    20170.97%-2.86%-0.99%-6.10%
    201620.82%18.49%34.01%32.63%
    2015-32.63%-30.71%-44.56%-43.51%
    20148.37%7.64%4.09%6.22%
    201318.62%25.60%20.35%29.75%
    20121.63%-0.40%9.61%3.20%
    201113.61%7.63%4.04%11.85%
    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 4/30/2022
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 5/20/2022
    6.00%
    Number of Holdings:
    As of 3/31/2022
    28
    Annual Portfolio Turnover:
    As of 11/30/2021
    58.40%
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Energy85.00%
    Sensitive (Super Sector)85.00%
    Defensive (Super Sector)11.73%
    Utilities11.73%
    Corporate (Super Sector)2.96%
    Preferred Stock2.19%
    Corporate Bond0.77%
    Cash Equivalents0.31%
    Cash Equivalents (Super Sector)0.31%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    Targa Resources Corp$36.62M11.35%
    Williams Companies Inc$34.33M10.64%
    ONEOK Inc$30.51M9.46%
    Kinder Morgan Inc Class P$29.31M9.09%
    Cheniere Energy Inc$15.91M4.93%
    Energy Transfer LP$15.24M4.72%
    Pembina Pipeline Corp$15.12M4.69%
    NextEra Energy Partners LP$13.65M4.23%
    MPLX LP Partnership Units$13.49M4.18%
    Enbridge Inc$12.68M3.93%
    Credit Quality

    As of 3/31/2022

    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    United States - Equity83.44%
    Canada - Equity10.87%
    United Kingdom - Equity2.42%
    United States - Fixed Income0.77%

    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