Tortoise Energy Infrastructure Fund (TYG)

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Tortoise Energy Infrastructure Fund (TYG) is an actively managed closed end fund. This CEF utilizes its assets to purchase equity securities of publicly-traded Master Limited Partnerships (MLPs) and their affiliates in the energy infrastructure sector.

As of June 2014, Tortoise Energy Capital Corp. (TYY) and Tortoise North American Energy Corp. (TYN) were merged into TYG. TYY and TYN stockholders became stockholders of TYG, and TYY and TYN ceased their separate existence.

TYG Fund Details

    Tortoise Energy Infrastructure Fund (TYG)
  • Fund Inception Date: 02/27/2004
  • Ticker Symbol: TYG
  • CUSIP: 89147L100
  • Rank in category (YTD): 100%
  • Category: US Equity-MLP
  • Yield: 5.12%
  • Effective Leverage: 29.29%
  • Capital Gains: -
  • Base Expense Ratio: 1.74%
  • Net Assets: $ 4.50 billion
  • Annual Turnover Rate: 13%
This MLP fund is managed by Kevin H. Birzer, Zachary A. Hamel, Kenneth P. Malvey, Terry Matlack, and David J. Schulte. It has a high dividend yield of 5.12%.
The total expense fee is 1.74% per year. This leveraged fund was incepted in February 2004. The fund sponsor is Tortoise Capital Advisors, L.L.C.

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Tortoise Energy Infrastructure Fund Return

Morningstar has ranked this TYG Fund with 4 stars and bronze rating. In 2014, this energy sector stock fund has year to date return of 4.77%. It has 3 year average return of 19.22%. The past 5 years performance is as follows:
  • Year 2013: 32.16%
  • Year 2012: 0.23%
  • Year 2011: 10.81%
  • Year 2010: 31.51%
  • Year 2009: 99.46%

TYG Fund Holdings

This closed end fund has 33 holdings in its portfolio. Top 5 stocks are Magellan Midstream Partners L.P., Plains All American Pipeline LP, Sunoco Logistics Partners, Enterprise Products Partners, L.P., and Buckeye Partners, L.P. You can buy this fund for your investment account through your stock broker, and online brokerage.

More: Best MLP Closed End Funds

Pros:
  • This TYG fund performance has been great since 2009. It has a great ranking by Morningstar.
  • It also has a high yield for income seekers.
Cons:
  • This Tortoise Energy Infrastructure Fund has a high expense fee.

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