CEF Advisors AICA Event NAVigator Podcast

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Tortoise Midstream Energy Fund (NTG)

Specialty Equity Funds - MLP Funds

Data as of March 15, 2024
Current
Market Price $37.26 (+ $0.21)
NAV (March 15, 2024) $45.08 (+ $0.24)
Fund Listed NYSE
Premium / Discount -17.35% (+0.03%)
Fund Info
Inception July 27, 2010
Sponsor Tortoise Capital Advisors
Website https://cef.tortoisead...
Phone (913) 981 1020
NAV Symbol XNTGX
Location Kansas
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High total return; equity securities of publicly-traded natural gas infrastructure including MLPs
Related Indexes
Master Limited Partnership (MLP) Fund Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 5,090,000
Total Assets (Reported: Nov. 30, 2023) $272M
Estimated Total Assets $282M
Net Assets $229M
Market Cap $190M
Portfolio Turnover 56.07%
Total Leverage 18.70%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.14%
Non Lev Exp Ratio 1.98%
Rel Lev Cost 4.94%
Discount Data
Average Discount (3 Yr) -18.47%
Discount Low(3 Yr) -24.33%
Discount High(3 Yr) -13.32%
Discount Rel Range (3 Yr) 63.40%
Comp Discount -7.57
Discount St Dev (1Yr) 1.22
Z-Stat
Z-Stat (6mo) -0.12
Z-Stat (1Yr) -0.36
Z-Stat (3Yr) 0.48
Comp Z-Stat (6mo) -0.84
Comp Z-Stat (3Yr) -0.77
Distribution Data
Market Yield 8.27%
Income Yield 4.41%
Lev Adj NAV Yield 5.76%
Distribution Frequency Q
Current Distribution $0.770
Current Income $0.411
Ex-Date 2/21/24
Payable Date 2/29/24
Div Growth (3yr) 133.33%
Dividend Change 35.1% on 1/18/22
Expected Div 5/7/24
RoC (1yr) 46.63%
RoC (3yr) 21.77%
Tax Dividend Data 2023 2021 - 2023
Income 53.4% 84.5%
ST Gains 0% 0%
QDI 46.0% 80.6%
LT Gains 0% 0%
RoC 46.6% 15.5%
Volume & Liquidity
Average Daily $ (K) $573
Avg Volume 30 day 12,225
Avg Volume 90 day 15,388
Volume Trend -20.55%
Comp Volume Trend -15.36%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
37.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
69.0%
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
91.0%
Most Correlated Peer (Mk Pr): TYG 93.0%
NAV - Price Correlation (30 d) 98.3%
NAV - Price Correlation (90 d) 96.6%
NAV - Price Correlation (1 Yr) 92.3%
Price St Dev (1Yr) 21.0%
NAV St Dev (1Yr) 19.2%
Earnings
Earnings / Share (11/30/23) $0.005
Earn Coverage 0.66%
Earnings Trend Down
UNII / Share (11/30/23) $-0.032
Rel UNII -1.93
UNII Trend Up
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.93
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.80
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
1.08

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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.

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