CEF Advisors AICA Event NAVigator Podcast

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Tortoise Midstream Energy Fund (NTG)

Specialty Equity Funds - MLP Funds

Data as of Dec. 4, 2024
Current
Market Price $55.75 (- $1.11)
NAV (Dec. 4, 2024) $64.22 (- $0.44)
Fund Listed NYSE
Premium / Discount -13.19% (-1.13%)
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
15 Major CEF Sectors Index
Master Limited Partnership (MLP) Fund Index
Capital & Leverage
Outstanding Shares 5,090,000
Total Assets (Reported: Aug. 31, 2024) $330M
Estimated Total Assets $384M
Net Assets $327M
Market Cap $284M
Portfolio Turnover 9.74%
Total Leverage 14.90%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.51%
Non Lev Exp Ratio 1.64%
Rel Lev Cost 4.79%
Discount Data
Average Discount (3 Yr) -16.85%
Discount Low(3 Yr) -21.54%
Discount High(3 Yr) -9.96%
Discount Rel Range (3 Yr) 72.14%
Comp Discount -4.99
Discount St Dev (1Yr) 2.39
Z-Stat
Z-Stat (6mo) 0.41
Z-Stat (1Yr) 1.11
Z-Stat (3Yr) 1.90
Comp Z-Stat (6mo) -0.76
Comp Z-Stat (3Yr) -0.76
Distribution Data
Market Yield 5.81%
Income Yield 0.58%
Lev Adj NAV Yield 4.39%
Distribution Frequency Q
Current Distribution $
Current Income $
Ex-Date
Payable Date
Div Growth (3yr) 42.11%
Dividend Change 5.2% on 8/9/24
Expected Div 2/10/25
RoC (1yr) 79.43%
RoC (3yr) 42.34%
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) $659
Avg Volume 30 day 12,832
Avg Volume 90 day 11,820
Volume Trend 8.56%
Comp Volume Trend -7.61%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
21.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
42.0%
Price Correlation (1yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
82.0%
Most Correlated Peer (Mk Pr): TYG 81.0%
NAV - Price Correlation (30 d) 95.5%
NAV - Price Correlation (90 d) 99.1%
NAV - Price Correlation (1 Yr) 99.3%
Price St Dev (1Yr) 17.5%
NAV St Dev (1Yr) 17.8%
Earnings
Earnings / Share (8/31/24) $0.049
Earn Coverage 6.05%
Earnings Trend Down
UNII / Share (5/31/24) $-1.538
Rel UNII -474.63
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.80
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
1.73
NAV Beta (2yr)
vs. CEFA's Master Limited Partnership (MLP) Fund Index
1.10

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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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