Tortoise Mutual Funds
Tortoise Capital Advisors Logo

Tortoise
MLP & Pipeline Fund (NASDAQ: TORTX)

The Tortoise MLP & Pipeline Fund focuses on the large and diverse North American pipeline universe. The Fund invests primarily in MLP and pipeline companies that own and operate a network of asset systems that transport, store, distribute, gather and/or process crude oil, refined petroleum products (including biodiesel and ethanol), natural gas or natural gas liquids.

The Fund is designed to provide:

  • Access to the sizable pipeline network of one of the world's largest consumers of energy
  • 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 9/30/14 (unless noted)

Total net assets $2,040 million
Investment objective Total Return
Fiscal year end November 30
Structure Regulated Investment Company (RIC)

 

TORTX Details

As of 12/17/2014 (unless noted)

Investor Class

  • NAV
  • $ 15.58
  • $ Chg
  • $ 0.63
  • Objective
  • Total return
  • Ticker
  • TORTX
  • CUSIP
  • 56166Y305
  • 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.