Tortoise MLP & Pipeline Fund (TORIX)

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Tortoise MLP & Pipeline Fund (TORIX) is up 21.9% since the beginning of the year. TORIX is currently trading at $23 per share. Investors who bought $1,000 worth of TORIX shares 5 years ago would now be looking at an investment worth $2,595.

Tortoise MLP & Pipeline Fund (TORIX) has returned 21.93% so far this year and 23.09% over the past 12 months. Over the last ten years, TORIX has returned 11.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since May 31, 2011, TORIX's average daily return is +0.05%, while the average monthly return is +1.01%. At this rate, an investment would double in approximately 5.7 years.

Historically, 60% of months were positive and 40% were negative. The best month was Apr 2020 with a return of +27.9%, while the worst month was Mar 2020 at -41.1%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, TORIX closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +12.4%, while the worst single day was Mar 9, 2020 at -22.7%.

Tortoise MLP & Pipeline Fund has an annualized alpha of 1.07%, beta of 0.86, and R2 of 0.39 versus S&P 500 Index. Calculated based on daily prices since June 03, 2011.

• This fund participated in 88.84% of S&P 500 Index downside but only 81.45% of its upside - more exposed to losses than it benefited from rallies.
• R2 of 0.39 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

TORIX has a high expense ratio of 0.93%, indicating above-average management fees.

TORIX ranks 42 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and compare them to S&P 500 Index.

Tortoise MLP & Pipeline Fund provided a 4.20% dividend yield over the last twelve months, with an annual payout of $0.97 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Tortoise MLP & Pipeline Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Tortoise MLP & Pipeline Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Tortoise MLP & Pipeline Fund was 68.58%, occurring on Mar 18, 2020. Recovery took 526 trading sessions.

The current Tortoise MLP & Pipeline Fund drawdown is 4.88%.

The chart below shows the rolling one-month volatility.