TPZ

Tortoise Essential Energy Fund

$21.02

+0.00%

Market closed. Last update: 11:44 PM ET

📎 Investment Objective

The Tortoise Essential Energy Fund (TPZ) seeks to provide a high level of total return with an emphasis on current distributions paid to shareholders.

Overview

Tortoise Power & Energy Infra Fd Inc is a closed-ended fund. Its primary investment objective is to provide a high level of current income. Its secondary objective is capital appreciation. The company invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies.

Category Energy

Issuer Other

Inception Date 2024-12-23

Market Cap $122.7M

Average Volume N/A

Dividend Yield 3.23%

52-Week Range $18.05 - $22.17

VWAP $20.99

Performance

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Investment Summary

📎 Investment Objective

The Tortoise Essential Energy Fund (TPZ) seeks to provide a high level of total return with an emphasis on current distributions paid to shareholders.

🎯 Investment Strategy

The fund invests primarily in equity securities of companies that are involved in the energy infrastructure sector, including pipeline and storage assets. The fund aims to provide exposure to the midstream energy segment, which includes the transportation, storage, and processing of crude oil, natural gas, and natural gas liquids.

✨ Key Features

Focuses on the midstream energy sector, which includes pipeline, storage, and processing companies
Aims to provide high current income and total return potential
Diversified portfolio of energy infrastructure companies
Actively managed by an experienced investment team

⚠️ Primary Risks

Exposure to the energy sector, which can be volatile and subject to fluctuations in commodity prices
Potential for distribution cuts or suspensions if underlying companies experience financial difficulties
Liquidity risk, as the fund may invest in smaller or less-traded energy companies
Concentration risk, as the fund is focused on the energy infrastructure segment

👤 Best For

The Tortoise Essential Energy Fund may be suitable for investors seeking exposure to the midstream energy sector, with a focus on current income and total return potential. Investors should have a higher risk tolerance and a longer-term investment horizon, as the energy sector can be volatile.