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


Time Period:
  Total return  
Ticker Class Calendar
YTD
1 year 3 year Since
inception1
Expense
ratio gross
Expense
ratio net2
TOPTX Investor (excluding load) -12.07% -8.79% -9.64% -2.55% 1.95% 1.35%
TOPTX Investor (maximum load) -17.15% -14.07% -11.41% -3.98% 1.95% 1.35%
SPXT S&P 500® Index 14.24% 18.61% 10.81% 12.98%    
IXETR S&P Energy Select Sector Index -6.59% 0.19% -6.16% -2.00%    

The S&P 500® Index is an unmanaged market-value weighted index of stocks, which is widely regarded as the standard for measuring large-cap U.S. stock market performance. The S&P Energy Select Sector Index is a modified market capitalization-based index of S&P 500 companies in the energy sector that develop and produce crude oil and natural gas and provide drilling and other energy related services. Returns include reinvested dividends. It is not possible to invest directly in an index.

  Total return  
Ticker Class Calendar
YTD
1 year 3 year Since
inception1
Expense
ratio gross
Expense
ratio net2
TOPTX Investor (excluding load) -12.96% -5.05% -7.23% -2.74% 1.95% 1.35%
TOPTX Investor (maximum load) -17.99% -10.54% -9.06% -4.14% 1.95% 1.35%
SPXT S&P 500® Index 16.91% 23.63% 10.77% 13.33%    
IXETR S&P Energy Select Sector Index -7.30% 2.33% -5.30% -2.14%    

The S&P 500® Index is an unmanaged market-value weighted index of stocks, which is widely regarded as the standard for measuring large-cap U.S. stock market performance. The S&P Energy Select Sector Index is a modified market capitalization-based index of S&P 500 companies in the energy sector that develop and produce crude oil and natural gas and provide drilling and other energy related services. Returns include reinvested dividends. It is not possible to invest directly in an index.

NAV History
 

 

Note: For periods over one year, performance reflected is for the average annual returns.

  1. Period from fund inception (9/30/2013) through 9/30/2017 for quarterly returns and 10/31/2017 for monthly returns.

  2. Tortoise Capital Advisors, L.L.C. (the "Adviser") has contractually agreed to reimburse the fund for its operating expenses, in order to ensure that total annual fund operating expenses (excluding Rule 12b-1 fees, shareholder service fees, AFFE, brokerage commissions, leverage, interest, taxes, expenses incurred in connection with any merger or reorganization and extraordinary expenses) do not exceed 1.10% of the average daily net assets of the fund. Expenses reimbursed by the Adviser may be recouped by the Adviser for a period of 36 months following the date on which such reimbursement was made if such recoupment can be achieved without exceeding the expense limit in effect at the time the expense reimbursement occurred and at the time of the recoupment. The Operating Expenses Limitation Agreement will be in effect and cannot be terminated through at least 3/31/2018. Net expense ratio is as of the most recent prospectus and was applicable to investors.

Performance data quoted represent past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.

Performance data shown reflecting the Investor Class (maximum load) reflect a sales charge of 5.75%. Performance data shown "excluding load" do not reflect the deduction of the maximum sales load. If reflected, the load would reduce the performance quoted. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced.

TOPTX Details

As of 11/22/2017

Investor Class

  • NAV
  • $ 8.89
  • $ Chg
  • $ 0.06
  • 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.