XNYS · Active · options-income

Tortoise Energy ETF

Tortoise Capital Advisors, L.L.C.

Weighted score · 3.40 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Quarterly · — ROC

Expense Ratio

0.85% gross

1Y Return

vs underlying

Sharpe

Max DD -9.8%

Primarily seeks current income and secondarily seeks long-term capital appreciation..

The Fund actively manages a portfolio of equity and debt securities of energy companies, investing at least 80% of total assets in such securities under normal conditions. It focuses primarily on energy infrastructure companies including pipelines, power infrastructure, and renewable energy. The Fund may allocate between common stock, preferred stock, MLPs, investment-grade debt, and high-yield debt (up to 50% of total assets). The Adviser may also use hedging instruments such as covered calls, interest rate swaps, and foreign currency contracts.

The Fund may write covered call options on individual securities as part of its hedging toolkit. During the option's life, the Fund gives up upside above the strike price plus premium but retains downside risk. The Fund is not required to engage in hedging transactions at any given time.

NAV HISTORY · JUN '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.

Composition · Recent Distribution

Tax Treatment — Ordinary Income

ORDINARY INCOME

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

Distributions may be taxable as ordinary income or capital gains. The Fund intends to qualify as a regulated investment company (RIC) and distribute income to avoid fund-level taxation. Cash transaction redemptions may cause the Fund to recognize and distribute additional gains.

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Bullish — 50-DMA above 200-DMA

Price $9.67 is above the 200-day SMA ($9.47); 50-day SMA $10.14. The 50-day SMA sits above the 200-day — an established uptrend, no recent crossover. Moving-average signals are a timing aid, not a recommendation — weigh them against the distribution profile and framework score.

Liquidity

Estimated bid/ask spread ~0.30% (moderate). Average daily dollar volume ~$0.6M (thin). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)