Tortoise Mutual Funds
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Tortoise
MLP & Pipeline Fund (NASDAQ: TORTX)


Sector Allocations As of 10/31/2017
By asset type
Natural gas/natural gas liquids pipelines 41%
Crude oil pipelines 32%
Gathering and processing 18%
Refined product pipelines 8%
Local gas distribution companies 1%
Due to rounding, totals may not equal 100%
By ownership structure
MLP affiliates/GP owners 41%
Other pipeline C-corps/LLCs 35%
MLPs 24%
Due to rounding, totals may not equal 100%

Top 10 Holdings *As of 10/31/2017
Company% of Total   Company% of Total
Kinder Morgan, Inc. KMI 8.7   ONEOK, Inc. OKE 5.6
The Williams Companies, Inc. WMB 8.0   Pembina Pipeline Corporation PBA 5.0
TransCanada Corporation TRP 7.8   Targa Resources Corp. TRGP 4.7
Cheniere Energy, Inc. LNG 7.7   Plains GP Holdings, L.P. PAGP 4.2
Enbridge Inc. ENB 7.6   Inter Pipeline Ltd. IPL CA 3.8
Top 10 Holdings as % of Investment Securities: 63.1%

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

TORTX Details

As of 11/22/2017

Investor Class

  • NAV
  • $ 12.81
  • $ Chg
  • $ 0.09
  • 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.