Tortoise Energy Independence Fund (NDP)

• Market cap: $67.3M
• 1 day: 1.92%
• 5 days: -0.42%
• 1 month: -8.87%
• 3 months: 5.90%
• 6 months: 19.14%
• Year to date: 39.65%
• 1 year: 39.65%
• 5 years: 17.99%
• 10 years: -73.02%

About: Tortoise Energy Independence Fund, Inc. is a non-diversified closed-end management investment company. Its primary investment objective to seek a high level of total return with an emphasis on current distributions. The fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that generally have a presence in North American oil and gas fields, including shale reservoirs.

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

800% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 1

40% more funds holding

Funds holding: 20 [Q2] → 28 (+8) [Q3]

2% less capital invested

Capital invested by funds: $27.4M [Q2] → $26.8M (-$644K) [Q3]

2.79% less ownership

Funds ownership: 45.34% [Q2] → 42.55% (-2.79%) [Q3]

70% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 10