TOPTX: Tortoise Select Opportunity Investor

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TOPTX Tortoise Select Opportunity Investor


Profile

TOPTX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return -3.1%
  • 5 Yr Annualized Return -3.6%
  • Net Assets $18.5 M
  • Holdings in Top 10 42.6%

52 WEEK LOW AND HIGH

$7.96
$6.99
$8.51

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.41%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 124.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Equity Energy

Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return -3.1%
  • 5 Yr Annualized Total Return -3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.94%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Tortoise Energy Evolution Fund
  • Fund Family Name
    Tortoise Capital Advisors
  • Inception Date
    Sep 30, 2013
  • Shares Outstanding
    282120
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Brian Kessens

Fund Description

Under normal circumstances, the fund seeks to invest in securities benefiting from the long-term growth associated with the changes in energy supply relating to the energy transition that is currently underway. It seeks to achieve its investment objective by investing typically in common stocks of any capitalization that are publicly traded on an exchange or in the over-the-counter market. In addition, the fund may invest in master limited partnerships ("MLPs"). It is non-diversified.


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Categories

TOPTX - Mutual Fund Categories


Performance

TOPTX - Performance

Return Ranking - Trailing

Period TOPTX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -23.1% 4.3% 2.56%
1 Yr -0.9% -48.7% 325.4% 6.49%
3 Yr -3.1%* -38.1% 22.8% 5.48%
5 Yr -3.6%* -29.7% 18.0% 12.90%
10 Yr N/A* -12.4% 10.3% N/A

* Annualized

Return Ranking - Calendar

Period TOPTX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -31.6% 664.4% 40.26%
2018 -24.4% -59.6% -17.1% 24.32%
2017 7.3% -24.5% 9.3% 9.59%
2016 50.8% 16.2% 420.6% 7.25%
2015 -35.1% -73.7% -17.3% 77.42%

Total Return Ranking - Trailing

Period TOPTX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -23.1% 4.3% 2.56%
1 Yr -0.9% -48.7% 325.4% 6.49%
3 Yr -3.1%* -38.1% 23.5% 9.59%
5 Yr -3.6%* -29.7% 18.0% 12.90%
10 Yr N/A* -12.4% 10.3% N/A

* Annualized

Total Return Ranking - Calendar

Period TOPTX Return Category Return Low Category Return High Rank in Category (%)
2019 5.7% -31.6% 664.4% 40.26%
2018 -24.4% -59.6% -14.9% 31.08%
2017 7.3% -23.4% 17.7% 9.59%
2016 50.8% 16.2% 420.6% 7.25%
2015 -35.1% -73.7% -16.6% 77.42%

NAV & Total Return History


Holdings

TOPTX - Holdings

Concentration Analysis

TOPTX Category Low Category High TOPTX % Rank
Net Assets 18.5 M 6.07 M 6.18 B 66.67%
Number of Holdings 31 24 133 87.18%
Net Assets in Top 10 7.95 M 2.93 M 3.13 B 76.92%
Weighting of Top 10 42.59% 40.3% 68.5% 76.92%

Top 10 Holdings

  1. Cheniere Energy Inc 6.00%
  2. NextEra Energy Inc 5.88%
  3. Sempra Energy 5.36%
  4. TC Energy Corp 3.79%
  5. Enel SpA 3.73%
  6. Innergex Renewable Energy Inc 3.68%
  7. Marathon Petroleum Corp 3.67%
  8. ONEOK Inc 3.52%
  9. SSE PLC 3.51%
  10. Enterprise Products Partners LP 3.46%

Asset Allocation

Weighting Return Low Return High TOPTX % Rank
Stocks
100.39% 71.66% 101.01% 16.67%
Preferred Stocks
0.00% 0.00% 1.85% 97.44%
Other
0.00% -4.75% 0.00% 88.46%
Convertible Bonds
0.00% 0.00% 0.00% 97.44%
Bonds
0.00% 0.00% 13.32% 97.44%
Cash
-0.38% -0.40% 28.34% 96.15%

Stock Sector Breakdown

Weighting Return Low Return High TOPTX % Rank
Utilities
49.21% 0.00% 49.40% 7.69%
Energy
47.71% 47.71% 100.00% 100.00%
Industrials
3.09% 0.00% 9.65% 28.21%
Technology
0.00% 0.00% 11.40% 98.72%
Real Estate
0.00% 0.00% 0.00% 97.44%
Healthcare
0.00% 0.00% 0.00% 97.44%
Financial Services
0.00% 0.00% 3.21% 98.72%
Communication Services
0.00% 0.00% 0.00% 97.44%
Consumer Defense
0.00% 0.00% 0.00% 97.44%
Consumer Cyclical
0.00% 0.00% 3.69% 97.44%
Basic Materials
0.00% 0.00% 7.50% 97.44%

Stock Geographic Breakdown

Weighting Return Low Return High TOPTX % Rank
US
59.30% 38.14% 100.40% 82.05%
Non US
41.09% 0.00% 61.09% 17.95%

Expenses

TOPTX - Expenses

Operational Fees

TOPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.41% 0.10% 4.80% 24.68%
Management Fee 0.85% 0.09% 1.50% 75.64%
12b-1 Fee 0.25% 0.00% 1.00% 58.00%
Administrative Fee N/A 0.05% 0.25% 69.23%

Sales Fees

TOPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.00% 5.75% 33.33%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

TOPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TOPTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 124.00% 7.00% 248.00% 90.00%

Distributions

TOPTX - Distributions

Dividend Yield Analysis

TOPTX Category Low Category High TOPTX % Rank
Dividend Yield 0.00% 0.00% 11.05% 97.44%

Dividend Distribution Analysis

TOPTX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

TOPTX Category Low Category High TOPTX % Rank
Net Income Ratio 0.94% -1.61% 4.70% 40.26%

Capital Gain Distribution Analysis

TOPTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

TOPTX - Fund Manager Analysis

Managers

Brian Kessens


Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.17

6.2%

Mr. Brian Kessens joined Tortoise in 2008. He is a managing director and portfolio manager and serves as president of the Tortoise Pipeline & Energy Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc. closed-end funds. He was a vice president in Citigroup’s global energy investment banking practice. Prior to Citigroup, he served as a field artillery officer in the U.S. Army. Mr. Kessens earned a Master of Business Administration from Columbia Business School in New York and a Bachelor of Science in economics from the United States Military Academy at West Point. He is a CFA® charterholder.

Robert Thummel


Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.17

6.2%

Mr. Robert Thummel joined Tortoise in 2004. He is a managing director and portfolio manager and serves as president of the Tortoise Energy Independence Fund, Inc. closed-end fund. He was previously the president of Tortoise North American Energy Corp. from 2008 until the fund was merged into Tortoise Energy Infrastructure Corp. in June 2014. He was director of finance at KLT Inc., a subsidiary of Great Plains Energy from 1998 to 2004 and a senior auditor at Ernst & Young from 1995 to 1998. Mr. Thummel earned a Bachelor of Science in accounting from Kansas State University and a Master of Business Administration degree from the University of Kansas.

James Mick


Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.17

6.2%

Mr. Mick joined Tortoise in 2006 and is a member of the investment committee. He frequently engages with Tortoise's largest institutional clients. Mr. Mick has more than 19 years of industry experience. Previously, he was a senior finance specialist at General Electric Insurance Solutions (now Swiss Re) from 2003 to 2006 and a senior auditor at Ernst & Young from 2000 to 2003. Mr. Mick earned Bachelor of Science degrees in business administration and accounting and a Master of Accounting and Information Systems degree from the University of Kansas. He is a CFA® charterholder.

Matthew Sallee


Start Date

Tenure

Tenure Rank

Sep 30, 2013

6.17

6.2%

Mr. Sallee joined Tortoise in 2005 and is an executive committee member. He serves as president of the Tortoise Energy Infrastructure Corp. and Tortoise MLP Fund, Inc. closed-end funds and is a member of the investment committee. Mr. Sallee has more than 18 years of industry experience and regularly speaks on national media (CNBC). Previously, he served for five years as a senior financial analyst with Aquila, Inc., where he was responsible for analysis of capital allocation at the firm’s communications infrastructure subsidiary, Everest Connections. Mr. Sallee graduated magna cum laude from the University of Missouri with a degree in business administration. He is a CFA® charterholder.

Stephen Pang


Start Date

Tenure

Tenure Rank

Jan 01, 2018

1.91

1.9%

Mr. Pang joined Tortoise in 2014. He is a managing director and portfolio manager responsible for sourcing, executing and managing Tortoise's direct and structured equity investments across its energy strategies. Mr. Pang serves on the Board of Directors of Tortoise Acquisition Corp (NYSE: SHLL.U), a special purpose acquisition company focused on the energy sector in North America. Before joining Tortoise, he was a director in Credit Suisse's Equity Capital Markets Group. Prior to joining Credit Suisse in 2012, he spent eight years in Citigroup's Investment Banking Division, where he focused on equity underwriting and corporate finance in the energy sector. Mr. Pang graduated magna cum laude from the University of Richmond with a degree in Business Administration. He is a CFA® charterholder.

Brett Jergens


Start Date

Tenure

Tenure Rank

Jan 01, 2018

1.91

1.9%

Mr. Brett Jergens joined Tortoise in 2007. He serves as vice president of the Tortoise Energy Independence Fund, Inc. closed-end fund. Previously, he was a vice president at Enterprise Bank & Trust from 2006 to 2007, a financial planner and head of investments at Searcy Financial Services from 2004 to 2006 and a tax accountant at KPMG LLP from 2002 to 2004. Mr. Jergens earned Bachelor of Science degrees in finance and accounting from Kansas State University. Mr. Jergens is a CFA® charterholder and a certified financial planner (CFP).

Nicholas Holmes


Start Date

Tenure

Tenure Rank

Jan 01, 2019

0.91

0.9%

Mr. Holmes joined Tortoise in 2010 after an internship with Tortoise. He is a director and investment analyst, and serves as vice president of the Tortoise Energy Infrastructure Corp. and Tortoise MLP Fund, Inc. closed-end funds. Mr. Holmes earned a Bachelor of Arts in political science from Yale University and a Master of Business Administration from the University of Kansas. He is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 21.85 6.14 5.99