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


Portfolio and process

Using a flexible strategy, Tortoise seeks to use its differentiated position and expertise within the energy sector to identify different opportunities across the North American energy value chain. Based on the prevailing market and economic conditions, Tortoise may shift the fund's proportional exposure to these opportunities over time. The fund will generally have the following allocations and characteristics:

Allocation typeAnticipated broad range   Allocation typeAnticipated broad range
Midstream   0-50%   Petrochemicals   0-30%
Upstream   0-50%   Power   0-10%
Refining   0-30%   Rail / other   0-10%
Oilfield services   0-30%   Cash   0-5%

 

Sector Allocations As of 8/31/2017
By asset type
Oil and gas production 45%
Oilfield services 16%
Natural gas pipelines 13%
Refining 10%
Gathering and processing 9%
Power 3%
Crude oil pipelines 2%
Petrochemicals 2%
Due to rounding, totals may not equal 100%

Top 10 Holdings *As of 8/31/2017
Company% of Total   Company% of Total
Halliburton Company HAL 6.2   Targa Resources Corp. TRGP 4.2
EOG Resources, Inc. EOG 6.0   Marathon Petroleum Corporation MPC 4.0
Cheniere Energy, Inc. LNG 5.8   Continental Resources, Inc. CLR 3.9
Pioneer Natural Resources Company PXD 5.6   EQT Corporation EQT 3.5
Cabot Oil & Gas Corporation COG 4.2   Concho Resources Inc. CXO 3.4
Top 10 Holdings as % of Investment Securities: 46.8%

* Fund holdings are subject to change and are not recommendations to buy or sell any security.

TOPTX Details

As of 09/22/2017

Investor Class

  • NAV
  • $ 8.68
  • $ 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.