Tortoise Mutual Funds
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Tortoise
Select Opportunity Fund
(NASDAQ: TOPTX)


 

The Fund is designed to provide:

  • Dedicated focus on select opportunities across the energy value chain and its beneficiaries
  • Efficient tax flow-through structure
  • One 1099 (no K-1s)
  • No unrelated business taxable income (UBTI)
  • IRA and tax-exempt suitability

Fund Details As of 1/31/2016

Total assets $57.3 million
Investment objective Total return
Fiscal year end November 30
Structure Regulated Investment Company (RIC)

 

 

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To obtain current performance information, including the negative 3-year performance, visit mutualfunds.tortoiseadvisors.com/toptx/performance. The Morningstar RatingTM 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 without adjustment for sales load. 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 TOPIX, TOPTX, TOPCX were rated against 102 Equity Energy funds over the 3-year period. TOPIX, TOPTX and TOPCX each received 5 stars for that period. Past performance is no guarantee of future results.

TOPTX Details

As of 02/28/2017

Investor Class

  • NAV
  • $ 9.71
  • $ Chg
  • $ -0.09
  • Objective
  • Total return
  • Ticker
  • TOPTX
  • CUSIP
  • 56166Y586
  • 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.