CEF Advisors AICA Event NAVigator Podcast

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Tortoise Energy Independence Fund (NDP)

Specialty Equity Funds - MLP Funds

Data as of March 27, 2024
Current
Market Price $33.44 (+ $0.12)
NAV (March 27, 2024) $38.89 (+ $0.41)
Fund Listed NYSE
Premium / Discount -14.01% (-0.60%)
Fund Info
Inception July 27, 2012
Sponsor Tortoise Capital Advisors
Website https://cef.tortoisead...
Phone (913) 981 1020
NAV Symbol XNDPX
Location Kansas
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High total return; North American energy companies
Related Indexes
Tax-Sensitive Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 1,670,000
Total Assets (Reported: Nov. 30, 2023) $68M
Estimated Total Assets $74M
Net Assets $65M
Market Cap $56M
Portfolio Turnover 14.33%
Total Leverage 12.70%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.30%
Non Lev Exp Ratio 1.51%
Rel Lev Cost 5.39%
Discount Data
Average Discount (3 Yr) -14.34%
Discount Low(3 Yr) -20.36%
Discount High(3 Yr) -7.49%
Discount Rel Range (3 Yr) 49.30%
Comp Discount -3.83
Discount St Dev (1Yr) 1.56
Z-Stat
Z-Stat (6mo) 0.58
Z-Stat (1Yr) 0.51
Z-Stat (3Yr) 0.16
Comp Z-Stat (6mo) 0.14
Comp Z-Stat (3Yr) -0.94
Distribution Data
Market Yield 7.54%
Income Yield 2.23%
Lev Adj NAV Yield 5.75%
Distribution Frequency Q
Current Distribution $0.630
Current Income $0.187
Ex-Date 2/21/24
Payable Date 2/29/24
Div Growth (3yr) %
Dividend Change 12.5% on 2/9/23
Expected Div 5/7/24
RoC (1yr) 70.36%
RoC (3yr) 69.20%
Tax Dividend Data 2023 2021 - 2023
Income 29.6% 25.6%
ST Gains 0% 0%
QDI 29.6% 25.6%
LT Gains 0% 0%
RoC 70.4% 74.4%
Volume & Liquidity
Average Daily $ (K) $198
Avg Volume 30 day 4,669
Avg Volume 90 day 5,932
Volume Trend -21.29%
Comp Volume Trend -11.31%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
18.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
40.0%
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
74.0%
Most Correlated Peer (Mk Pr): TTP 79.0%
NAV - Price Correlation (30 d) 99.3%
NAV - Price Correlation (90 d) 98.5%
NAV - Price Correlation (1 Yr) 94.8%
Price St Dev (1Yr) 20.6%
NAV St Dev (1Yr) 20.0%
Earnings
Earnings / Share (11/30/23) $0.118
Earn Coverage 18.73%
Earnings Trend Down
UNII / Share (11/30/23) $-0.644
Rel UNII -86.17
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.91
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.57
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
1.13

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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