TNGY Fees and Costs — Tortoise Energy Fund
Data updated: 2026-07-29
The net expense ratio is 0.85%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $81K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 29%.
TNGY Fees and Expenses
Annual operating expenses and sales charges of TNGY. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.85% |
| Fee waiver | — |
| Net expense ratio | 0.85% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
TNGY Costs Over Time
On $10,000 invested in TNGY, assuming 5% a year before costs, total costs come to $543 over 5 years, cutting the return by 0.91% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $14 | $50 |
| Total costs | $91 | $298 | $543 |
| Value after costs | $10,409 | $11,278 | $12,220 |
| Impact on return, per year | 0.91% | 0.91% | 0.91% |
TNGY Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0152%
- Total broker commissions: $81K
- Bought from dealers (principal trades, not a cost): $34.0M
- Portfolio turnover (prospectus): 29%
- Securities lending: none during the year
TNGY Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $27K | 36.31% |
| GTS SECURITIES LLC | $18K | 23.59% |
| JONESTRADING INSTITUTIONAL SERVICES, LLC | $9K | 11.50% |
| RBC CAPITAL MARKETS, LLC | $6K | 7.84% |
| BARCLAY INVESTMENTS, LLC | $5K | 7.21% |
| INSTINET CLEARING SERVICES INC | $3K | 3.46% |
| ACADEMY SECURITIES, INC. | $2K | 2.79% |
| WELLS FARGO SECURITIES, LLC | $2K | 2.64% |
| RAYMOND JAMES & ASSOCIATES INC | $2K | 2.60% |
| STIFEL NICOLAUS & COMPANY INCORPORATED | $2K | 2.07% |
TNGY Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $8.5M | 25.02% |
| RBC CAPITAL MARKETS LLC | $8.1M | 23.69% |
| JONESTRADING INSTITUTIONAL SERVICES, LLC | $7.2M | 21.20% |
| UBS ASSET MANAGEMENT (US) INC. | $5.5M | 16.04% |
| MORGAN STANLEY & CO. LLC | $4.8M | 14.05% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.