Ecofin Sustainable and Social Impact:TEAF

    Manage Alerts

    Overview

    As of 6/29/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$13.82$16.36-15.53%
    52 Wk Avg$14.69$17.22-14.68%
    52 Wk High$15.49$17.86-10.18%
    52 Wk Low$13.64$16.12-19.50%
    Regular Distribution TypeManaged Distribution
    Distribution Rate7.81%
    Distribution Amount$0.0900
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    We seek to achieve our investment objective by investing, under normal conditions, at least 80% of our total assets (including assets obtained through leverage) in issuers operating in essential asset sectors. Our investment portfolio generally will be comprised of the following types of investments: Direct Investments, Listed Equity Securities, and Corporate Deb Securities.

    Capital Structure

    As of 6/29/2022

    Total Investment Exposure:$242.315M
    Total Common Assets:$220.715M
    Common Shares Outstanding:13,491,127
    Leverage

    As of 6/29/2022

    Preferred Share Assets:
    Total Debt (USD): $21.600M
    Regulatory Leverage (USD): $21.600M
    Effective Leverage (USD): $21.600M
    Effective Leverage (%): 8.91%
    Annual Expense Ratios

    As of 11/30/2021

      Per Common Share
    Management Fees1.44%
    Other Expenses:0.66%
    Baseline Expense: N/A
    Interest Expense:0.23%
    Total: 2.33%
    Fund Management

    Fund Sponsor
    Tortoise Capital Advisors, LLC

    Portfolio Managers
    Ed Russell, Matthew Breidert, Brian A. Kessens, James R. Mick, Matthew G.P. Sallee, Robert J. Thummel, Jean Hugues De Lamaze, Stephen Pang, Nicholas S. Holmes, David Sifford, Matthew S Ordway, Jerry G Polacek, Prashanth Prakash, Vince Cubbage, Maneesh Jhunjhunwala

    Basics
    Category: Equity-Sector Equity
    Ticker: TEAF
    NAV Ticker: XTEAX
    Average Daily Volume (shares): 36,838
    Average Daily Volume (USD): $0.539M
    Inception Date: 3/27/2019
    Inception Share Price: $20.00
    Inception NAV: $20.00
    Tender Offer: No
    Term: Yes
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 6/29/2022

    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
    $0.2143
    Annualized Distribution Rate on NAV:
    As of 6/29/2022
    6.60%
    Total Return on NAV (12 months):
    As of 6/29/2022
    8.15%
    Avg. Portfolio Coupon:
    As of 6/29/2022
    11.44%
    Total % Portfolio Effectively Leveraged:
    As of 6/29/2022
    8.91%

    Pricing Information

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

    As of 6/30/2022

    PeriodAvg Discount
    6 Month-14.15%
    1 Year-14.68%
    3 Year-15.77%
    5 Year 
    Z-Score

    As of 6/29/2022

    PeriodZStat
    3 Month-0.75
    6 Month-0.89
    1 Year-0.37
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2022
    Category: Morningstar US CEF Sector Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD2.31%1.53%-3.70%-2.11%
    202119.34%11.58%22.39%17.58%
    2020-12.74%-5.05%5.15%5.71%
    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 5/31/2022
    Category: Morningstar US CEF Sector Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/29/2022
    11.44%
    Number of Holdings:
    As of 3/31/2022
    63
    Annual Portfolio Turnover:
    As of 11/30/2021
    73.22%
    Average Bond Price:
    As of 3/31/2022
    $98.42
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Defensive (Super Sector)32.12%
    Utilities32.12%
    Corporate (Super Sector)20.82%
    Corporate Bond16.36%
    Sensitive (Super Sector)15.36%
    Energy10.52%
    Preferred Stock4.46%
    Basic Materials4.17%
    Cyclical (Super Sector)4.17%
    Industrials4.10%
    State Allocation

    As of 3/31/2022

    State% Portfolio
    New York3.44%
    Wisonsin0.25%
    Florida0.16%
    Arizona0.15%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    Teaf Solar Holdco Llc$23.83M9.17%
    Teaf Solar Holdco Llc$23.83M9.17%
    Enviva Partners Lp$10.82M4.17%
    C2NC Holdings LLC$10.61M4.08%
    SSE PLC$8.99M3.46%
    PUBLIC FIN AUTH WIS REV 9%$8.93M3.44%
    Dynamic BC Holding LLC$7.99M3.07%
    Enel SpA$7.38M2.84%
    Targa Resources Corp$6.98M2.69%
    Ef Www Holdings Llc$6.85M2.64%
    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 - Equity21.71%
    United States - Fixed Income19.02%
    United Kingdom - Equity6.47%
    Spain - Equity5.35%
    Italy - Equity5.17%
    Canada - Equity4.97%
    Australia - Equity2.93%
    Portugal - Equity2.30%
    China - Equity1.61%
    Germany - Equity1.15%

    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. In general, managed distributions may be sourced from net investment income, realized gains and return of capital. CEFConnect.com does not undertake to disclose specific information about closed-end fund distribution sources. 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