Tortoise MLP & Pipeline Fund (TORIX)
The investment seeks total return. The fund normally invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in securities of MLPs and pipeline companies. The advisor intends to focus its investments primarily in equity securities of MLPs and pipeline companies that own and operate a network of energy infrastructure asset systems that transport, store, distribute, gather and/or process crude oil, refined petroleum products (including biodiesel and ethanol), natural gas or natural gas liquids. It is non-diversified.
Fund Info
US56166Y4044
56166Y404
May 30, 2011
$1,000,000
Mid-Cap
Value
Expense Ratio
TORIX has a high expense ratio of 0.93%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Tortoise MLP & Pipeline Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Tortoise MLP & Pipeline Fund had a return of 6.08% year-to-date (YTD) and 45.37% in the last 12 months. Over the past 10 years, Tortoise MLP & Pipeline Fund had an annualized return of 6.71%, while the S&P 500 had an annualized return of 11.26%, indicating that Tortoise MLP & Pipeline Fund did not perform as well as the benchmark.
TORIX
6.08%
-4.18%
22.01%
45.37%
16.77%
6.71%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of TORIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.90% | 6.08% | |||||||||||
| 2024 | 0.14% | 3.99% | 7.12% | -0.26% | 3.00% | 3.84% | 2.91% | 3.97% | 0.34% | 4.57% | 14.55% | -6.62% | 42.91% |
| 2023 | 4.37% | -3.20% | -0.61% | 1.85% | -4.67% | 7.37% | 4.40% | -0.03% | -1.08% | -0.36% | 7.22% | -1.11% | 14.18% |
| 2022 | 8.55% | 5.35% | 6.85% | -2.51% | 5.56% | -12.45% | 10.83% | 1.16% | -9.53% | 11.36% | 4.35% | -5.82% | 22.22% |
| 2021 | 5.05% | 5.38% | 7.49% | 5.96% | 6.15% | 4.29% | -3.94% | -1.28% | 5.45% | 6.13% | -6.24% | 1.40% | 40.84% |
| 2020 | -4.17% | -10.21% | -41.10% | 27.85% | 6.08% | -4.65% | -1.88% | 1.53% | -10.92% | 0.99% | 18.66% | 1.19% | -29.47% |
| 2019 | 15.71% | 0.16% | 4.62% | -1.57% | -2.36% | 3.57% | -2.53% | -3.85% | 3.59% | -4.34% | -2.32% | 8.07% | 18.33% |
| 2018 | 1.34% | -8.86% | -3.22% | 5.90% | 6.09% | 0.75% | 3.27% | -0.58% | -1.88% | -7.08% | -0.77% | -9.71% | -15.16% |
| 2017 | 2.42% | -0.49% | 0.49% | -1.95% | -4.23% | 1.27% | 2.96% | -4.74% | 2.57% | -4.12% | -0.13% | 5.48% | -1.04% |
| 2016 | -4.87% | 2.82% | 9.04% | 10.52% | 1.43% | 6.73% | 0.16% | 2.75% | 6.74% | -5.24% | 4.16% | 2.70% | 42.11% |
| 2015 | -4.91% | 3.70% | 0.43% | 4.28% | -3.50% | -3.74% | -4.91% | -7.31% | -14.61% | 7.54% | -9.11% | -9.25% | -35.95% |
| 2014 | 1.47% | 3.27% | 0.98% | 4.77% | 3.27% | 7.85% | -4.16% | 6.67% | -3.71% | -2.75% | -8.14% | -2.02% | 6.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 93, TORIX is among the top 7% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Tortoise MLP & Pipeline Fund provided a 4.64% dividend yield over the last twelve months, with an annual payout of $0.95 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.95 | $0.95 | $0.62 | $0.69 | $0.48 | $0.47 | $0.55 | $0.46 | $0.39 | $0.26 | $0.58 | $0.16 |
Dividend yield | 4.64% | 4.92% | 4.35% | 5.29% | 4.28% | 5.64% | 4.39% | 4.19% | 2.92% | 1.87% | 5.75% | 0.99% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.15 | $0.95 |
| 2023 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.16 | $0.62 |
| 2022 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.13 | $0.69 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.13 | $0.48 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.11 | $0.47 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.08 | $0.55 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.09 | $0.46 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.08 | $0.39 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.26 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.17 | $0.58 |
| 2014 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.16 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 70.07%, occurring on Mar 18, 2020. Recovery took 842 trading sessions.
The current Tortoise MLP & Pipeline Fund drawdown is 4.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -70.07% | Sep 8, 2014 | 1392 | Mar 18, 2020 | 842 | Jul 24, 2023 | 2234 |
| -14.56% | Jul 25, 2011 | 11 | Aug 8, 2011 | 50 | Oct 18, 2011 | 61 |
| -10.12% | Dec 2, 2024 | 13 | Dec 18, 2024 | 18 | Jan 16, 2025 | 31 |
| -8.79% | May 22, 2013 | 23 | Jun 24, 2013 | 27 | Aug 1, 2013 | 50 |
| -8.54% | Oct 18, 2012 | 19 | Nov 15, 2012 | 43 | Jan 18, 2013 | 62 |
Volatility
Volatility Chart
The current Tortoise MLP & Pipeline Fund volatility is 6.74%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.