Browse Tortoise Mutual Funds
Prospectuses & Literature
- Tortoise MLP & Pipeline Fund (TORIX) Celebrates its Three Year Anniversary and Receives Morningstar Rating
- Tortoise MLP & Pipeline Fund Announces Distribution Strategy Update
- Tortoise Capital Advisors Introduces New Open-End Mutual Fund (TOPTX, TOPIX, TOPCX)
- Tortoise Capital Advisors Introduces Its First Open-End Mutual Fund
- Tortoise Capital Advisors Introduces New Open-End Mutual Fund
- View All Press Releases
Before investing in the fund, investors should consider their investment goals, time horizons and risk tolerance. The fund’s investment objective, risks, charges and expenses must be considered carefully before investing. The summary and statutory prospectus contains this and other important information about the fund. Copies of the fund’s prospectus may be obtained by calling 855-TCA-FUND (855-822-3863) or visiting www.tortoiseadvisors.com. Read it carefully before investing.
Mutual fund investing involves risk. Principal loss is possible.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. As of 12/31/2016 TORTX/TORIX was rated against the following number of Energy Limited Partnership funds over the following periods: 74 and 29 for the 3 year and 5 year time period. TORTX/TORIX received 5 stars and 5 stars for those periods, respectively. This rating is specific to TORTX/TORIX and does not apply to other share classes of the fund. As of 12/31/2016 TOPTX/TOPIX/TOPCX was rated against 102 Equity Energy Funds over the 3-year period. TOPTX, TOPIX, TOPCX each received 5 stars for that period.
Past performance is no guarantee of future results.
© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Quasar Distributors, LLC, Distributor