The Ecofin Global Renewables Infrastructure Fund is an impact fund investing in listed companies that own low-carbon power generation assets.

Fund Stats as of 6/16/2021:

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NAV

$12.26

NAV Change

$-0.01

Objective

Total Return

CUSIP

56167N480

Minimum Investment

$2,500.00

Expense Ratio Gross

1.31%

Expense Ratio Net

1.25%

Redemption Fee

None

Max Front-End Sales Load

5.50%

Max Deferred Sales Load

None

The Ecofin Global Renewables Infrastructure Fund is an impact fund investing in listed companies that own low-carbon power generation assets. The fund invests in companies riding on the high demand growth for clean electricity. The portfolio has the goal of providing a low beta and delivers a measurable decarbonization benefit.

Key reasons to invest

  • Access the fast growing decarbonization theme
    – Electricity taking substantial share from other energy sources
    – Accelerating transition to cleaner electricity generation
  • Track record of strong performance with lower risk than the market1
  • Measurable impact on emissions reduction
Fund Details As of 3/31/2021
Total Assets $218.4 million
Objective Total Return
Inception Date 8/07/2020
Beta 1 0.75
  1. Beta since inception as of 3/31/2021
    Beta is a measure of a stock's volatility in relation to the overall market.

Impact

$1 million investment implies the avoidance of 535 tonnes of carbon per year

Equivalent to the emissions from:

  • 486 round-trip flights from New York to Los Angeles
  • 67 car trips around the world the world

as of 3/31/2021

  • Clear calculable impact in terms of CO2 emissions avoided
  • Effective displacement of dirty electricity generation by the cleaner generation of portfolio constituents
  • The fund is >60% cleaner than the respective grids in which the underlying companies operate

About Ecofin

Ecofin unites ecology and finance and has roots back to the early 1990s. Our mission is to generate strong risk-adjusted returns and measurable impacts. We invest in essential assets and services that contribute to more sustainable human ecosystems and communities. We are socially-minded, ESG-attentive investors, successfully harnessing years of expertise investing in social impact, sustainable infrastructure, energy transition and clean water & environment. Our strategies are accessible through a variety of investment solutions and seek to achieve positive impacts that align with UN Sustainable Development Goals by addressing pressing global issues surrounding climate action, clean energy and water, education, healthcare and sustainable communities.

Portfolio

As of 5/31/2021

Top 10 Holdings *

As of 5/31/2021
Company % of Total
NextEra Energy Inc. NEE
5.2%
Covanta Holding Corporation CVA
5.2%
Transalta Renewables Inc. RNW CN
4.9%
Iberdrola, S.A. IBE SM
4.8%
Exelon Corporation EXC
4.5%
Company % of Total
Edison International EIX
4.5%
Orsted A/S ORSTED DC
4.4%
Energias de Portugal, S.A. EDP PL
4.4%
China Suntien Green Energy Corp Ltd 956 HK
4.3%
China Longyuan Power Group Corp Ltd 916 HK
4.2%

Time Period

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 855-822-3863. Performance data shown reflecting the A Class (maximum load) reflect a sales charge of 5.50%. Performance data shown "excluding load" does not reflect the deduction of the maximum sales load. If reflected, the load would reduce the performance quoted. The returns for Class A are prior to its inception date are those of the Institutional shares that have been recalculated to apply the estimated fees and expenses, net of any fee and expense waivers.

The Ecofin Global Renewables Infrastructure Fund (the Fund) is a newly registered mutual fund and does not have a full calendar year of performance as a mutual fund. Prior performance shown above is for the Ecofin Global Renewables Infrastructure Fund Limited, established in November 2015 (which later changed its name to the Tortoise Global Renewables Infrastructure Fund Limited in May 2019), (the “Predecessor Fund”), an unregistered Cayman Islands limited liability company. The Predecessor Fund was reorganized into the Fund by transferring the majority of the Predecessor Fund’s assets to the Fund in exchange for Institutional Class shares of the Fund on August 7, 2020, the date that the Fund commenced operations (the “Reorganization”). The Predecessor Fund has been managed in the same style as the Fund. The Sub-Adviser served as the investment adviser to the Predecessor Fund and will be responsible for the portfolio management and trading for the Fund. Each of the Fund’s portfolio managers was a portfolio manager of the Predecessor Fund at the time of the Reorganization. The Fund’s investment objective, policies, guidelines and restrictions are, in all material respects, the same as those of the Predecessor Fund.

The above information shows the returns of the commingled Predecessor Fund since its inception in November 2015. The performance of the commingled Predecessor Fund represents that of its Early Investor Shares, which are similar to the Fund’s Institutional class but, at a point in time, were subject to performance and other fees. From its inception through the date of the Reorganization, the Predecessor Fund was not subject to certain investment restrictions, diversification requirements and other restrictions of the Investment Company Act of 1940, as amended (the “1940 Act”) or Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), which, if they had been applicable, might have adversely affected the Predecessor Fund’s performance. After the Reorganization, the Fund’s performance will be calculated using the standard formula set forth in rules promulgated by the SEC, which differs in certain respects from the methods used to compute total return for the Predecessor Fund.

Index performance reflects no deduction for fees, expenses, or taxes. The S&P Global Infrastructure Index is designed to track 75 companies from around the world chosen to represent the listed infrastructure industry while maintaining liquidity and tradability. It is not possible to invest directly in an index.

  1. The Ecofin Global Renewables Infrastructure Fund (the Fund) is a newly registered mutual fund and does not have a full calendar year of performance as a mutual fund. Prior performance shown above is for the Ecofin Global Renewables Infrastructure Fund Limited, established in November 2015 (which later changed its name to the Tortoise Global Renewables Infrastructure Fund Limited in May 2019), (the “Predecessor Fund”), an unregistered Cayman Islands limited liability company. The Predecessor Fund was reorganized into the Fund by transferring substantially all of the Predecessor Fund’s assets to the Fund in exchange for Institutional Class shares of the Fund on August 7, 2020, the date that the Fund commenced operations (the “Reorganization”). The Predecessor Fund has been managed in the same style as the Fund. The Sub-Adviser served as the investment adviser to the Predecessor Fund and will be responsible for the portfolio management and trading for the Fund. Each of the Fund’s portfolio managers was a portfolio manager of the Predecessor Fund at the time of the Reorganization. The Fund’s investment objective, policies, guidelines and restrictions are, in all material respects, the same as those of the Predecessor Fund.

  2. TCA Advisors (the “Adviser”) has contractually agreed to reimburse the Fund for its operating expenses, in order to ensure that Total Annual Fund Operating Expenses (excluding Rule 12b-1 fees, frontend or contingent deferred loads, taxes, leverage/borrowing interest, interest expense, brokerage commissions, acquired fund fees and expenses, expenses incurred in connection with any merger or reorganization, or extraordinary expenses) do not exceed 1.00% of the average daily net assets of the Fund. Expenses reimbursed by the Adviser may be recouped by the Adviser for a period of 36 months following the month during which such reimbursement was made if such recoupment can be achieved without exceeding the expense limit in effect at the time the expense reimbursement occurred and at the time of the recoupment. The Operating Expenses Limitation Agreement will be in effect and cannot be terminated through at least March 31, 2022. The net expense ratio is as of the most recent prospectus and was applicable to investors.

Date NAV NAV Change
6/16/2021 $12.24 $-0.01
6/15/2021 $12.25 $-0.09
6/14/2021 $12.34 $0.15
6/11/2021 $12.19 $0.09
6/10/2021 $12.10 $0.09
6/09/2021 $12.01 $0.13
6/08/2021 $11.88 $0.07
6/07/2021 $11.81 $0.01
6/04/2021 $11.80 $0.06
6/03/2021 $11.74 $-0.11
6/02/2021 $11.85 $-0.04
6/01/2021 $11.89 $-0.04
5/28/2021 $11.93 $0.04
5/27/2021 $11.89 $-0.16
5/26/2021 $12.05 $0.00
5/25/2021 $12.05 $-0.05
5/24/2021 $12.10 $0.02
5/21/2021 $12.08 $0.07
5/20/2021 $12.01 $0.24
5/19/2021 $11.77 $0.02
5/18/2021 $11.75 $0.09
5/17/2021 $11.66 $-0.08
5/14/2021 $11.74 $0.23
5/13/2021 $11.51 $0.11
5/12/2021 $11.40 $-0.27
5/11/2021 $11.67 $-0.15
5/10/2021 $11.82 $-0.13
5/07/2021 $11.95 $0.10
5/06/2021 $11.85 $-0.01
5/05/2021 $11.86 $-0.03
5/04/2021 $11.89 $-0.21
5/03/2021 $12.10 $-0.02
4/30/2021 $12.12 $-0.16
4/29/2021 $12.28 $-0.08
4/28/2021 $12.36 $-0.08
4/27/2021 $12.44 $-0.05
4/26/2021 $12.49 $0.01
4/23/2021 $12.48 $0.11
4/22/2021 $12.37 $0.09
4/21/2021 $12.28 $0.02
4/20/2021 $12.26 $-0.05
4/19/2021 $12.31 $-0.19
4/16/2021 $12.50 $0.09
4/15/2021 $12.41 $0.03
4/14/2021 $12.38 $-0.05
4/13/2021 $12.43 $0.07
4/12/2021 $12.36 $-0.04
4/09/2021 $12.40 $-0.05
4/08/2021 $12.45 $0.12
4/07/2021 $12.33 $-0.05
4/06/2021 $12.38 $0.06
4/05/2021 $12.32 $-0.01
4/01/2021 $12.33 $0.07
3/31/2021 $12.26 $0.14
3/30/2021 $12.12 $0.03
3/29/2021 $12.09 $-0.03
3/26/2021 $12.12 $0.22
3/25/2021 $11.90 $0.01
3/24/2021 $11.89 $-0.13
3/23/2021 $12.02 $-0.01
3/22/2021 $12.03 $0.20
3/19/2021 $11.83 $0.08
3/18/2021 $11.75 $-0.27
3/17/2021 $12.02 $-0.16
3/16/2021 $12.18 $0.06
3/15/2021 $12.12 $0.04
3/12/2021 $12.08 $-0.04
3/11/2021 $12.12 $0.31
3/10/2021 $11.81 $0.14
3/09/2021 $11.67 $0.33
3/08/2021 $11.34 $-0.10
3/05/2021 $11.44 $-0.05
3/04/2021 $11.49 $-0.15
3/03/2021 $11.64 $-0.43
3/02/2021 $12.07 $-0.11
3/01/2021 $12.18 $0.31
2/26/2021 $11.87 $-0.10
2/25/2021 $11.97 $-0.15
2/24/2021 $12.12 $-0.07
2/23/2021 $12.19 $-0.05
2/22/2021 $12.24 $-0.32
2/19/2021 $12.56 $-0.03
2/18/2021 $12.59 $-0.26
2/17/2021 $12.85 $-0.16
2/16/2021 $13.01 $-0.03
2/12/2021 $13.04 $-0.13
2/11/2021 $13.17 $0.11
2/10/2021 $13.06 $0.02
2/09/2021 $13.04 $-0.08
2/08/2021 $13.12 $0.01
2/05/2021 $13.11 $0.03
2/04/2021 $13.08 $-0.01
2/03/2021 $13.09 $0.07
2/02/2021 $13.02 $0.09
2/01/2021 $12.93 $0.14
1/29/2021 $12.79 $-0.18
1/28/2021 $12.97 $0.09
1/27/2021 $12.88 $-0.52
1/26/2021 $13.40 $-0.17
1/25/2021 $13.57 $-0.09
1/22/2021 $13.66 $0.09
1/21/2021 $13.57 $0.02
1/20/2021 $13.55 $0.20
1/19/2021 $13.35 $0.12
1/15/2021 $13.23 $-0.20
1/14/2021 $13.43 $-0.14
1/13/2021 $13.57 $0.05
1/12/2021 $13.52 $-0.08
1/11/2021 $13.60 $-0.33
1/08/2021 $13.93 $0.17
1/07/2021 $13.76 $0.30
1/06/2021 $13.46 $0.58
1/05/2021 $12.88 $0.08
1/04/2021 $12.80 $0.28
12/31/2020 $12.52 $0.03
12/30/2020 $12.49 $-0.02
12/29/2020 $12.51 $0.06
12/28/2020 $12.45 $0.17
12/24/2020 $12.28 $0.12
12/23/2020 $12.16 $0.22
12/22/2020 $11.94 $0.09
12/21/2020 $11.85 $-0.07
12/18/2020 $11.92 $0.02
12/17/2020 $11.90 $0.13
12/16/2020 $11.77 $0.02
12/15/2020 $11.75 $0.23
12/14/2020 $11.52 $0.10
12/11/2020 $11.42 $0.01
12/10/2020 $11.41 $0.05
12/09/2020 $11.36 $-0.11
12/08/2020 $11.47 $0.05
12/07/2020 $11.42 $-0.01
12/04/2020 $11.43 $-0.03
12/03/2020 $11.46 $0.00
12/02/2020 $11.46 $-0.03
12/01/2020 $11.49 $0.07
11/30/2020 $11.42 $-0.14
11/27/2020 $11.56 $0.11
11/25/2020 $11.45 $0.09
11/24/2020 $11.36 $0.08
11/23/2020 $11.28 $0.06
11/20/2020 $11.22 $0.07
11/19/2020 $11.15 $0.02
11/18/2020 $11.13 $-0.10
11/17/2020 $11.23 $0.01
11/16/2020 $11.22 $0.01
11/13/2020 $11.21 $0.07
11/12/2020 $11.14 $-0.04
11/11/2020 $11.18 $0.25
11/10/2020 $10.93 $-0.02
11/09/2020 $10.95 $0.07
11/06/2020 $10.88 $0.04
11/05/2020 $10.84 $0.30
11/04/2020 $10.54 $-0.05
11/03/2020 $10.59 $0.17
11/02/2020 $10.42 $0.18
10/30/2020 $10.24 $0.03
10/29/2020 $10.21 $0.00
10/28/2020 $10.21 $-0.19
10/27/2020 $10.40 $-0.06
10/26/2020 $10.46 $-0.10
10/23/2020 $10.56 $0.03
10/22/2020 $10.53 $0.01
10/21/2020 $10.52 $-0.11
10/20/2020 $10.63 $0.07
10/19/2020 $10.56 $-0.07
10/16/2020 $10.63 $0.06
10/15/2020 $10.57 $-0.08
10/14/2020 $10.65 $0.04
10/13/2020 $10.61 $-0.02
10/12/2020 $10.63 $0.03
10/09/2020 $10.60 $0.02
10/08/2020 $10.58 $0.10
10/07/2020 $10.48 $0.16
10/06/2020 $10.32 $0.04
10/05/2020 $10.28 $0.15
10/02/2020 $10.13 $0.00
10/01/2020 $10.13 $0.15
9/30/2020 $9.98 $0.07
9/29/2020 $9.91 $0.06
9/28/2020 $9.85 $0.13
9/25/2020 $9.72 $0.15
9/24/2020 $9.57 $0.02
9/23/2020 $9.55 $-0.10
9/22/2020 $9.65 $0.05
9/21/2020 $9.60 $-0.14
9/18/2020 $9.74 $-0.04
9/17/2020 $9.78 $-0.03
9/16/2020 $9.81 $-0.04
9/15/2020 $9.85 $0.11
9/14/2020 $9.74 $0.02
9/11/2020 $9.72 $0.04
9/10/2020 $9.68 $-0.09
9/09/2020 $9.77 $0.16
9/08/2020 $9.61 $-0.05
9/04/2020 $9.66 $-0.17
9/03/2020 $9.83 $-0.25
9/02/2020 $10.08 $0.10
9/01/2020 $9.98 $-0.01
8/31/2020 $9.99 $0.00
8/28/2020 $9.99 $0.05
8/27/2020 $9.94 $-0.01
8/26/2020 $9.95 $-0.02
8/25/2020 $9.97 $-0.02
8/24/2020 $9.99 $0.11
8/21/2020 $9.88 $-0.01
8/20/2020 $9.89 $-0.04
8/19/2020 $9.93 $0.00
8/18/2020 $9.93 $-0.08
8/17/2020 $10.01 $0.05
8/14/2020 $9.96 $-0.08
8/13/2020 $10.04 $-0.01
8/12/2020 $10.05 $0.14
8/11/2020 $9.91 $-0.12
8/10/2020 $10.03 $0.03
8/07/2020 $10.00 $0.00
Class/Name Ticker Ex-Date Record Date Payment Date Amount
A Class ECOAX 12/30/2021 12/29/2021 12/30/2021 TBD
A Class ECOAX 11/23/2021 11/22/2021 11/23/2021 TBD
A Class ECOAX 5/27/2021 5/26/2021 5/27/2021 0.1112
2021 Total: $0.11120

Section 19(a) Notifications

Tax Information

Find information and other tax-related resources for Ecofin exchange-traded funds. Tax forms, publications and instructions are available for download from the IRS website.


Annual 1099-DIV

  1. Ordinary dividends are taxed at ordinary income tax rates.

  2. The portion of ordinary dividends characterized as qualified dividend income will be taxable at the reduced capital gain tax rates if the stockholder meets the holding period requirements.

  3. Capital gain distributions (long-term) are taxed at the reduced capital gain tax rates.

  4. Nondividend distributions are nontaxable and considered return of capital.

  5. Foreign Tax Paid may be eligible for deduction or foreign tax credit.