# Tortoise Energy Independence Fund, Inc. (NDP): Mutual Fund Facts & Distributions

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- Issuer: — · Asset class: Equity
- Strategy: Actively Managed · Inception: 2012-07-27

Managed by Tortoise Capital Advisors L.L.C., the Tortoise Energy Independence Fund, Inc. operates as a closed-end equity mutual fund. Its investment strategy targets public stock markets across North America, with a primary emphasis on companies within the energy industry. To construct its portfolio, the fund employs a bottom-up stock selection methodology, rooted in fundamental analysis, scrutinizing quantitative, qualitative, and relative value metrics. Established on July 26, 2005, the fund is domiciled in the United States.

## Key Facts

| Metric | Value |
|---|---|
| Price | $40.40 |
| Expense Ratio | — |
| Assets Under Management | $67.3M |
| NAV | — |
| Holdings Count | — |
| Distribution Yield (TTM) | — |
| Annual Distribution (TTM) | — /share |
| Distribution Frequency | Special |
| 52-Week Range | $28.27 – $45.40 |
| Beta | 1.58 |

## Latest Distribution

- Amount: $0.2550 /share
- Ex-date: 2024-12-06
- Pay date: 2024-12-13

## Frequently Asked Questions

### What does NDP invest in?

Managed by Tortoise Capital Advisors L.L.C., the Tortoise Energy Independence Fund, Inc. operates as a closed-end equity mutual fund. Its investment strategy targets public stock markets across North America, with a primary emphasis on companies within the energy industry. To construct its portfolio, the fund employs a bottom-up stock selection methodology, rooted in fundamental analysis, scrutinizing quantitative, qualitative, and relative value metrics. Established on July 26, 2005, the fund is domiciled in the United States.

### What is the expense ratio of NDP?

An expense ratio for Tortoise Energy Independence Fund, Inc. (NDP) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee.

### How big is NDP?

Tortoise Energy Independence Fund, Inc. (NDP) manages $67.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

### Is NDP actively managed or an index fund?

NDP is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions.

### When was NDP launched?

Tortoise Energy Independence Fund, Inc. (NDP) launched in July 2012 and is managed by the fund issuer.

### How has NDP performed?

NDP's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.

### Does NDP pay a dividend?

Tortoise Energy Independence Fund, Inc. (NDP) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab.

### How often does NDP pay dividends?

Tortoise Energy Independence Fund, Inc. pays dividends Special. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page.

### What is NDP's dividend yield?

NDP's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price.

### When is NDP's next ex-dividend date?

The most recently announced ex-dividend date for NDP was 2024-12-06. The next ex-date typically follows Special; once announced it appears at the top of the dividend history table on this page.

### Why is NDP's expense ratio not shown?

Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Tortoise Energy Independence Fund, Inc. (NDP). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number.

### How does NDP charge its expense ratio?

The expense ratio is deducted in tiny daily slices from NDP's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price.

## More on Dividend Data

- Overview (HTML): https://www.dividenddata.com/funds/ndp
- Distribution history: https://www.dividenddata.com/funds/ndp/dividend
- Holdings & diversification: https://www.dividenddata.com/funds/ndp/diversification
- Fees & cheaper alternatives: https://www.dividenddata.com/funds/ndp/expenses
- Peer comparison: https://www.dividenddata.com/funds/ndp/peers

Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.