CEF Advisors AICA Event NAVigator Podcast

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Tortoise Sustainable and Social Impact Term Fund (TEAF)

Specialty Equity Funds - Utilities Funds

Data as of Dec. 9, 2024
Current
Market Price $12.68 (+ $0.02)
NAV (Dec. 9, 2024) $14.74 (- $0.11)
Fund Listed NYSE
Premium / Discount -13.98% (+0.77%)
Fund Info
Inception March 26, 2019
Sponsor Tortoise Capital Advisors
Website https://cef.tortoisead...
Phone 855-822-3863
NAV Symbol XTEAX
Location Kansas
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date March 26, 2031
Objective: Attractive total return potential with emphasis on current income and uncorrelated assets
Related Indexes
Tax-Sensitive Income Index
Utilities / Infrastructure Index
Capital & Leverage
Outstanding Shares 13,490,000
Total Assets (Reported: Aug. 31, 2024) $227M
Estimated Total Assets $229M
Net Assets $199M
Market Cap $171M
Portfolio Turnover 15.33%
Total Leverage 13.30%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.60%
Non Lev Exp Ratio 1.87%
Rel Lev Cost 4.86%
Discount Data
Average Discount (3 Yr) -17.48%
Discount Low(3 Yr) -24.03%
Discount High(3 Yr) -10.06%
Discount Rel Range (3 Yr) 71.97%
Comp Discount -16.50
Discount St Dev (1Yr) 3.49
Z-Stat
Z-Stat (6mo) 0.69
Z-Stat (1Yr) 1.36
Z-Stat (3Yr) 1.07
Comp Z-Stat (6mo) 0.09
Comp Z-Stat (3Yr) 0.78
Distribution Data
Market Yield 8.52%
Income Yield 3.83%
Lev Adj NAV Yield 6.47%
Distribution Frequency M
Current Distribution $0.090
Current Income $0.041
Ex-Date 12/24/24
Payable Date 12/31/24
Div Growth (3yr) 12.50%
Dividend Change 12.5% on 1/18/22
Expected Div 2/10/25
RoC (1yr) 62.69%
RoC (3yr) 60.92%
Tax Dividend Data 2023 2021 - 2023
Income 32.7% 49.4%
ST Gains 0% 0%
QDI 31.3% 38.0%
LT Gains 0% 0%
RoC 67.3% 50.6%
Volume & Liquidity
Average Daily $ (K) $435
Avg Volume 30 day 31,300
Avg Volume 90 day 34,281
Volume Trend -8.70%
Comp Volume Trend -5.57%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
16.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
36.0%
Price Correlation (1yr)
vs. CEFA's Utilities / Infrastructure Index
59.0%
Most Correlated Peer (Mk Pr): MEGI 57.0%
NAV - Price Correlation (30 d) 41.6%
NAV - Price Correlation (90 d) 36.9%
NAV - Price Correlation (1 Yr) 48.6%
Price St Dev (1Yr) 9.9%
NAV St Dev (1Yr) 7.1%
Earnings
Earnings / Share (8/31/24) $0.036
Earn Coverage 40.22%
Earnings Trend Up
UNII / Share (5/31/24) $-0.092
Rel UNII -18.93
UNII Trend Down
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.37
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.69
NAV Beta (2yr)
vs. CEFA's Utilities / Infrastructure Index
0.47

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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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