CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Tortoise Midstream Energy Fund (NTG)

Specialty Equity Funds - MLP Funds

Data as of March 27, 2020
Market Price $0.99 (- $0.03)
NAV (March 27, 2020) $1.05 (- $0.15)
Premium / Discount -5.71% (+9.29%)
Fund Info
Inception July 27, 2010
Sponsor Tortoise Capital Advisors
Website https://cef.tortoisead...
Phone (913) 981 1020
Objective: High total return; equity securities of publicly-traded natural gas infrastructure including MLPs
Related Indexes
12 Major CEF Sectors Index
High Income Index
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Tax-Sensitive Income Index
Master Limited Partnership (MLP) Fund Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 63,210,000
Total Assets (Reported: Nov. 30, 2019) $1,163M
Estimated Total Assets $103M
Net Assets $66M
Market Cap $63M
Purchases Turnover 20.96%
Sales Turnover 20.94%
Total Leverage 35.71%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.04%
Non Lev Exp Ratio 1.70%
Rel Lev Cost 3.76%
Discount Data
Average Discount (3 Yr) -1.87%
Discount Low(3 Yr) -69.08%
Discount High(3 Yr) 11.69%
Discount Rel Range 78.45%
Comp Discount -0.63
Discount St Dev (1Yr) 5.20
Z-Stat (6mo) 0.17
Z-Stat (1Yr) 0.05
Z-Stat (3Yr) -0.65
Comp Z-Stat (6mo) 0.60
Comp Z-Stat (3Yr) -0.10
Distribution Data
Market Yield 94.95%
Income Yield 0.00%
Lev Adj NAV Yield 65.97%
Distribution Frequency Q
Current Distribution $0.235
Current Income $0.000
Ex-Date 2/20/20
Payable Date 2/28/20
Div Growth (3yr) -44.38%
Dividend Change -44.4% on 2/12/20
Expected Div 5/4/20
RoC (1yr) 100.00%
RoC (3yr) 64.90%
Tax Dividend Data 2019 2017 - 2019
Income 0% 39.9%
ST Gains 0% 0%
QDI 0% 26.6%
LT Gains 0% 0%
RoC 100% 60.1%
Volume & Liquidity
Average Daily $ (M) $1,092
Avg Volume 30 day 1,768,421
Avg Volume 90 day 1,103,336
Volume Trend 60.28%
Comp Volume Trend -4.32%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
Most Correlated Peer (Mk Pr): TYG 99.0%
NAV - Price Correlation (30 d) 99.5%
NAV - Price Correlation (90 d) 99.8%
NAV - Price Correlation (1 Yr) 99.7%
Price St Dev (1Yr) 106.0%
NAV St Dev (1Yr) 83.3%
Earnings / Share (11/30/19) $-0.059
Earn Coverage 0.00%
Earnings Trend Up
UNII / Share (11/30/19) $-2.811
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index


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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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