Tortoise Pipeline & Energy:TTP

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    Overview

    As of 7/26/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$22.82$28.98-21.26%
    52 Wk Avg$18.14$23.33-22.64%
    52 Wk High$25.97$31.94-13.03%
    52 Wk Low$11.12$16.04-30.76%
    Regular Distribution TypeIncome Only
    Distribution Rate2.80%
    Distribution Amount$0.1600
    Distribution FrequencyQuarterly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund seeks to provide stockholders an efficient vehicle to invest in a portfolio consisting primarily of equity securities of pipeline and other energy infrastructure companies. The Fund intends to focus primarily on pipeline companies that engage in the business of transporting natural gas, natural gas liquids (`NGLs`), crude oil and refined petroleum products, and to a lesser extent, on other energy infrastructure companies. Under normal circumstances, The Fund will invest at least 80% of its Total in equity securities of pipeline and other energy infrastructure companies. The Fund may invest up to 30% of its Total Assets in unregistered or otherwise restricted securities, primarily through direct investments in securities of listed companies. The Fund may invest up to 25% of its Total Assets in securities of master limited partnerships (`MLPs`). The Fund will not invest in privately held companies. The Fund will also seek to provide current income from gains earned through an o

    Capital Structure

    As of 7/26/2021

    Total Investment Exposure:$90.319M
    Total Common Assets:$69.817M
    Common Shares Outstanding:2,409,128
    Leverage

    As of 7/26/2021

    Preferred Share Assets: $6.076M
    Total Debt (USD): $14.427M
    Regulatory Leverage (USD): $20.503M
    Effective Leverage (USD): $20.503M
    Effective Leverage (%): 22.70%
    Annual Expense Ratios

    As of 11/30/2020

      Per Common Share
    Management Fees0.08%
    Other Expenses:-26.38%
    Baseline Expense: N/A
    Interest Expense:28.72%
    Total: 2.42%
    Fund Management

    Fund Sponsor
    Tortoise Capital Advisors

    Portfolio Managers
    Adam T. Peltzer, Brian A. Kessens, Stephen Pang, H. Kevin Birzer

    Basics
    Category: Equity-MLP
    Ticker: TTP
    NAV Ticker: XTTPX
    Average Daily Volume (shares): 13,120
    Average Daily Volume (USD): $0.227M
    Inception Date: 10/27/2011
    Inception Share Price: $25.00
    Inception NAV: $23.85
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 7/26/2021

    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 11/30/2020
    $37.9945
    Annualized Distribution Rate on NAV:
    As of 7/26/2021
    2.21%
    Total Return on NAV (12 months):
    As of 7/26/2021
    64.83%
    Total % Portfolio Effectively Leveraged:
    As of 7/26/2021
    22.70%

    Pricing Information

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

    As of 7/26/2021

    PeriodAvg Discount
    6 Month-20.91%
    1 Year-22.64%
    3 Year-15.77%
    5 Year-12.66%
    Z-Score

    As of 7/26/2021

    PeriodZStat
    3 Month0.25
    6 Month-0.24
    1 Year0.40
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2021
    Category: Morningstar US CEF MLP

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD35.54%50.39%58.51%45.29%
    2020-65.12%-64.04%-61.07%-56.46%
    201914.69%14.41%16.44%13.89%
    2018-27.35%-23.65%-22.39%-17.44%
    2017-5.02%-10.42%-0.56%-5.69%
    201663.63%59.14%34.69%33.32%
    2015-49.02%-47.41%-44.89%-43.81%
    201414.18%11.57%4.21%6.36%
    201323.68%33.24%20.35%29.71%
    201210.39%6.21%9.61%3.27%
    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 6/30/2021
    Category: Morningstar US CEF MLP

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 6/30/2021
    69
    Annual Portfolio Turnover:
    As of 11/30/2020
    35.61%
    Asset Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 6/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Energy87.17%
    Sensitive (Super Sector)87.17%
    Utilities6.55%
    Defensive (Super Sector)6.55%
    Cyclical (Super Sector)3.14%
    Financial Services2.99%
    Cash Equivalents (Super Sector)2.02%
    Cash Equivalents2.02%
    Preferred Stock0.75%
    Corporate (Super Sector)0.75%
    Top Holdings

    As of 6/30/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    Williams Companies Inc$8.44M9.45%
    Enbridge Inc$7.90M8.85%
    Kinder Morgan Inc Class P$7.10M7.95%
    ONEOK Inc$6.06M6.78%
    Plains GP Holdings LP Class A$5.69M6.38%
    TC Energy Corp$5.63M6.30%
    Pembina Pipeline Corp$4.15M4.65%
    MPLX LP Partnership Units$3.98M4.45%
    Enterprise Products Partners LP$3.94M4.41%
    Energy Transfer LP$3.38M3.78%
    Country Allocation

    As of 6/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Equity72.08%
    Canada - Equity24.80%

    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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