CEF Advisors AICA Event NAVigator Podcast

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Tortoise Pipeline & Energy Fund (TTP)

Specialty Equity Funds - MLP Funds

Data as of Nov. 8, 2024
Current
Market Price $48.07 (- $0.03)
NAV (Nov. 8, 2024) $49.60 (+ $0.33)
Fund Listed NYSE
Premium / Discount -3.08% (-0.71%)
Fund Info
Inception Oct. 27, 2011
Sponsor Tortoise Capital Advisors
Website https://cef.tortoisead...
Phone (913) 981 1020
NAV Symbol XTTPX
Location Kansas
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High total return; North American energy pipeline companies
Related Indexes
Tax-Sensitive Income Index
Capital & Leverage
Outstanding Shares 2,010,000
Total Assets (Reported: Aug. 31, 2024) $104M
Estimated Total Assets $118M
Net Assets $100M
Market Cap $97M
Portfolio Turnover 0.53%
Total Leverage 15.60%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.61%
Non Lev Exp Ratio 1.50%
Rel Lev Cost 5.93%
Discount Data
Average Discount (3 Yr) -15.00%
Discount Low(3 Yr) -20.64%
Discount High(3 Yr) -1.52%
Discount Rel Range (3 Yr) 91.83%
Comp Discount 5.09
Discount St Dev (1Yr) 6.24
Z-Stat
Z-Stat (6mo) 0.93
Z-Stat (1Yr) 1.58
Z-Stat (3Yr) 2.87
Comp Z-Stat (6mo) 0.35
Comp Z-Stat (3Yr) 0.88
Distribution Data
Market Yield 4.91%
Income Yield 0.84%
Lev Adj NAV Yield 4.12%
Distribution Frequency Q
Current Distribution $0.590
Current Income $0.101
Ex-Date 11/22/24
Payable Date 11/29/24
Div Growth (3yr) 59.46%
Dividend Change 59.5% on 1/18/22
Expected Div 2/10/25
RoC (1yr) 80.46%
RoC (3yr) 80.30%
Tax Dividend Data 2023 2021 - 2023
Income 22.5% 14.5%
ST Gains 0% 0%
QDI 22.5% 9.6%
LT Gains 0% 0%
RoC 77.5% 85.5%
Volume & Liquidity
Average Daily $ (K) $320
Avg Volume 30 day 3,198
Avg Volume 90 day 6,667
Volume Trend -52.03%
Comp Volume Trend -42.59%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
6.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
24.0%
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
53.0%
Most Correlated Peer (Mk Pr): NDP 81.0%
NAV - Price Correlation (30 d) 97.4%
NAV - Price Correlation (90 d) 98.7%
NAV - Price Correlation (1 Yr) 97.2%
Price St Dev (1Yr) 21.7%
NAV St Dev (1Yr) 15.8%
Earnings
Earnings / Share (8/31/24) $0.071
Earn Coverage 11.95%
Earnings Trend Up
UNII / Share (5/31/24) $0.224
Rel UNII 55.59
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.73
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.60
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
1.05

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies 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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