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 Pipeline & Energy Fund (TTP)

Specialty Equity Funds - MLP Funds

Data as of July 8, 2020
Market Price $14.21 (+ $0.45)
NAV (July 8, 2020) $18.13 (+ $0.02)
Premium / Discount -21.62% (+2.40%)
Fund Info
Inception Oct. 27, 2011
Sponsor Tortoise Capital Advisors
Website https://cef.tortoisead...
Phone (913) 981 1020
Objective: High total return; North American energy pipeline companies
Related Indexes
Tax-Sensitive Income Index
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 2,505,000
Total Assets (Reported: Nov. 30, 2019) $192M
Estimated Total Assets $69M
Net Assets $45M
Market Cap $36M
Purchases Turnover 24.23%
Sales Turnover 25.37%
Total Leverage 34.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 3.51%
Non Lev Exp Ratio 1.89%
Rel Lev Cost 3.21%
Discount Data
Average Discount (3 Yr) -10.19%
Discount Low(3 Yr) -29.30%
Discount High(3 Yr) 9.88%
Discount Rel Range 19.60%
Comp Discount -0.59
Discount St Dev (1Yr) 5.03
Z-Stat (6mo) -1.00
Z-Stat (1Yr) -1.68
Z-Stat (3Yr) -2.72
Comp Z-Stat (6mo) 0.05
Comp Z-Stat (3Yr) -0.21
Distribution Data
Market Yield 4.50%
Income Yield 0.00%
Lev Adj NAV Yield 2.63%
Distribution Frequency Q
Current Distribution $0.160
Current Income $0.000
Ex-Date 5/21/20
Payable Date 5/29/20
Div Growth (3yr) -90.18%
Dividend Change -86.0% on 5/7/20
Expected Div 8/3/20
RoC (1yr) 99.42%
RoC (3yr) 95.27%
Tax Dividend Data 2019 2017 - 2019
Income 0% 6.4%
ST Gains 0% 0%
QDI 0% 4.3%
LT Gains 0% 0.7%
RoC 100% 92.9%
Volume & Liquidity
Average Daily $ (M) $376
Avg Volume 30 day 30,124
Avg Volume 90 day 26,464
Volume Trend 13.83%
Comp Volume Trend 22.66%
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): FPL 96.0%
NAV - Price Correlation (30 d) 96.9%
NAV - Price Correlation (90 d) 92.8%
NAV - Price Correlation (1 Yr) 99.9%
Price St Dev (1Yr) 74.3%
NAV St Dev (1Yr) 90.2%
Earnings / Share (11/30/19) $-0.007
Earn Coverage 0.00%
Earnings Trend Up
UNII / Share (11/30/19) $-0.218
UNII Trend Up
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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