ETF Evaluator:
Tortoise Energy Fund ()
Follow This ETF
(as of Aug 26)
Best Performing in Equity Energy Over the Last Year
| 73.1% | Invesco Oil & Gas Services ETF (PXJ) |
| 73.1% | BP p.l.c. ADRhedged (BPH) |
| 69.1% | Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES) |
| 66.9% | VanEck Oil Refiners ETF (CRAK) |
| 60.9% | VanEck Oil Services ETF (OIH) |
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ETF Details
Tortoise Energy Fund Overview
Tortoise Energy Fund (TNGY) is an actively managed Sector Equity Equity Energy exchange-traded fund (ETF). Tortoise Capital Advisors, LLC launched the ETF in 2010.
The investment seeks current income and secondarily seeks long-term capital appreciation.
Under normal market conditions, the fund will invest at least 80% of its total assets in equity and debt securities of energy companies. It may invest up to 15% of its net assets in securities that are not registered under the Securities Act of 1933 or that otherwise may not be sold in public offerings, which are commonly known as "restricted" securities. The fund is non-diversified.
About Tortoise Energy Fund (TNGY)
There are 4 members of the management team with an average tenure of 4.25 years: Brian Kessens (2020), James Mick (2022), Matthew Sallee (2022) and Robert Thummel (2022). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Alerian MLP TR USD index with a weighting of 100%. Tortoise Energy Fund has 31 securities in its portfolio. The top 10 holdings constitute 64.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Tortoise Energy Fund is part of the Equity global asset class and is within the Sector Equity ETF group. Tortoise Energy Fund has 0.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.1% There is 0.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Tortoise Energy Fund has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $555 million in total assets, which is below the $1 billion average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
TNGY Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Tortoise Energy Fund expense ratio is high compared to funds in the Equity Energy category. Tortoise Energy Fund has an expense ratio of 0.85%, which is 57% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Tortoise Energy Fund has a portfolio turnover rate of 29%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 28% for the Equity Energy category.
Recently, in the month of July 2026, Tortoise Energy Fund returned 8.2%, which earned it a grade of C, as the Equity Energy category had an average return of 5.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Tortoise Energy Fund has a trailing yield of 4.46%, which is above the 2.25% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Tortoise Energy Fund Grades
Year to date, the ETF has returned 20.0%, 8.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 20.0% over the past year (grade of F), 17.5% over the past three years (grade of A) and 16.9% per year over the past five years (grade of D) and 8.8% per year over the past 10 years (grade of C).
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TNGY Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| TNGY Return (NAV) | 8.2% | 0.1% | 20.0% | 17.5% | 16.9% | 8.8% |
| TNGY Return (Price) | 7.9% | 0.1% | 20.0% | 17.4% | 16.9% | 8.7% |
| NAV +/- Price Return | 0.294% | -0.046% | 0.036% | 0.104% | 0.062% | 0.029% |
| Equity Energy Avg | 5.2% | -3.4% | 41.0% | 12.5% | 18.2% | 6.1% |
| TNGY Grade (NAV) | C | B | F | A | D | C |
| +/- Category (NAV) | 3.1% | 3.5% | -21.0% | 5.0% | -1.3% | 2.7% |
| TNGY Tax-Cost Ratio | na | na | 2.0% | 2.2% | 2.0% | 2.5% |
TNGY Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| TNGY Return (NAV) | 20.0% | 4.0% | 25.9% | 12.5% | 18.0% | 24.8% | -14.2% | 15.9% | -14.6% | -5.6% | 35.3% |
| TNGY Return (Price) | 18.6% | 4.9% | 25.9% | 12.5% | 18.0% | 24.8% | -14.2% | 15.9% | -14.6% | -5.6% | 35.3% |
| NAV +/- Price Ret | -0.070% | 0.237% | 0.000% | 0.000% | 0.000% | 0.000% | 0.000% | 0.0% | 0.0% | 0.0% | 0.0% |
| Equity Energy Avg | 28.5% | 10.4% | 2.7% | 3.9% | 43.8% | 43.2% | -22.2% | 6.8% | -24.5% | -4.1% | 26.3% |
| TNGY Grade (NAV) | F | D | A | A | F | D | A | A | B | C | B |
| +/- Category | -8.5% | -6.5% | 23.1% | 8.6% | -25.9% | -18.3% | 7.9% | 9.1% | 9.9% | -1.5% | 9.0% |
| Risk Measures | |
| Beta: | 0.20 |
| R-Squared: | 3% |
| Standard Deviation: | 13.8% |
| Category Risk Index: | 0.65 |
| Category Risk Rating: | Low |
| Total Risk Index: | 1.13 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 4.5% |
| Total Assets: | $ 555 Mil |
| Share Class Assets: | $ 555 Mil |
| Turnover: | 29.0% |
| Expense Ratio: | 0.85% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 5.8 years | |||
| Average Tenure: 4.3 years | |||
| Managers (Year): Kessens Brian (2020), Mick James (2022), Sallee Matthew (2022), Thummel Robert (2022) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 31 |
| % in Top 10 Holdings: | 64.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.4% |
Portfolio Allocation |
|
| Domestic Stock: | 99.1% |
| Foreign Stock: | 0.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.1% |
| Cash: | 0.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Tortoise Capital Advisors, LLC |
| Phone Number: | 855-822-3863 |
| Website: | |
| Inception Date: | December 27, 2010 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.54% |
