Fund Evaluator:

Tortoise Energy Infrastructure TR Ins Overview

Tortoise Energy Infrastructure TR Ins (TORIX) is an actively managed Sector Equity Energy Limited Partnership fund. Tortoise Capital Advisors, LLC launched the fund in 2011.

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 energy infrastructure companies. The advisor intends to focus its investments primarily in equity securities of midstream infrastructure and also may invest in midstream master limited partnerships (“MLPs”) and power and renewable infrastructure. It is non-diversified.

About Tortoise Energy Infrastructure TR Ins (TORIX)

There are 4 members of the management team with an average tenure of 13.01 years: Brian Kessens (2013), James Mick (2013), Matthew Sallee (2013), Robert Thummel (2013). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Alerian Midstream Energy Select TR USD index with a weighting of 100%. Tortoise Energy Infrastructure TR Ins has 28 securities in its portfolio. The top 10 holdings constitute 68.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Tortoise Energy Infrastructure TR Ins is part of the Equity global asset class and is within the Sector Equity fund group. Tortoise Energy Infrastructure TR Ins has 17.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 81.2%. There is 17.9% 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 Infrastructure TR Ins has 0.9% of the portfolio in cash.

Assets Under Management

The fund has $3 billion in total assets, which is above the $288 million average for the Energy Limited Partnership 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.

TORIX 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 Infrastructure TR Ins expense ratio is high compared to funds in the Energy Limited Partnership category. Tortoise Energy Infrastructure TR Ins has an expense ratio of 0.91%, which is 47% lower than its category average, making the fund expense ratio grade a A. 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 Infrastructure TR Ins has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Energy Limited Partnership category.

Recently, in the month of July 2026, Tortoise Energy Infrastructure TR Ins returned 3.2%, which earned it a grade of C, as the Energy Limited Partnership category had an average return of 3.5%. 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 funds in that category.

Tortoise Energy Infrastructure TR Ins has a trailing yield of 4.07%, which is below the 5.20% category average. The fund normally distributes its income quarterly and its capital gains annually.

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 Infrastructure TR Ins Grades

Year to date, the fund has returned 26.0%, 0.1 percentage points worse than the category, which translates into a grade of C. The fund has returned 27.2% over the past year (grade of B), 25.4% over the past three years (grade of A) and 22.6% per year over the past five years (grade of B) and 11.2% per year over the past 10 years (grade of A).

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