Tortoise Mutual Funds
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Tortoise
North American Energy
Independence Fund (NASDAQ: TNPTX)


The Tortoise North American Energy Independence Fund provides a dedicated focus on North American crude oil and natural gas production, which supports energy independence. The fund invests primarily in securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a significant presence in North American oil and gas fields, including shale reservoirs.

The Fund is designed to provide:

  • Differentiated access to North American oil and gas production companies
  • Long-term total return potential
  • One 1099 (no K-1s)
  • No Unrelated Business Taxable Income (UBTI)
  • IRA and tax-exempt suitability

Fund Details As of 4/30/2017

Total assets $5.8 million
Investment objective Total return
Fiscal year end November 30
Structure Regulated Investment Company (RIC)

 

TNPTX Details

As of 05/26/2017

Investor Class

  • NAV
  • $ 7.48
  • $ Chg
  • $ 0.02
  • Objective
  • Total return
  • Ticker
  • TNPTX
  • CUSIP
  • 56166Y677
  • Minimum investment
  • $2,500
  • Redemption fee
  • None
  • Max front-end sales load1
  • 5.75%
  • Max deferred sales load 2
  • None
  1. You may qualify for sales charge discounts if you invest at least $50,000.
  2. No front-end sales charge is payable on Investor Class investments of $1 million or more, although the fund may impose a Contingent Deferred Sales Charge ("CDSC") of 1% on certain redemptions made within 12 months of purchase.