# Ecofin Sustainable and Social Impact Term Fund (TEAF): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/teaf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 2019-03-27 The Ecofin Sustainable and Social Impact Term Fund, formerly known as the Tortoise Essential Assets Income Term Fund (and before that, Tortoise Essential Assets Income 2024 Term Fund, Inc.), operates as a closed-ended, balanced mutual fund. Launched in 2017 and domiciled in the United States, it is managed by Tortoise Capital Advisors L.L.C. The fund's primary objective is to invest in both equity and fixed-income markets, specifically targeting companies within vital "essential asset" sectors. These encompass education, housing, healthcare, social and human services, power, water, energy,... ## Key Facts | Metric | Value | |---|---| | Price | $12.21 | | Expense Ratio | 3.08% | | Assets Under Management | $164.7M | | NAV | — | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $10.09 – $13.51 | | Beta | 0.69 | ## Latest Distribution - Amount: $0.0900 /share - Ex-date: 2025-10-24 - Pay date: 2025-10-31 ## Frequently Asked Questions ### What does TEAF invest in? The Ecofin Sustainable and Social Impact Term Fund, formerly known as the Tortoise Essential Assets Income Term Fund (and before that, Tortoise Essential Assets Income 2024 Term Fund, Inc.), operates as a closed-ended, balanced mutual fund. Launched in 2017 and domiciled in the United States, it is managed by Tortoise Capital Advisors L.L.C. The fund's primary objective is to invest in both equity and fixed-income markets, specifically targeting companies within vital "essential asset" sectors. These encompass education, housing, healthcare, social and human services, power, water, energy, infrastructure, basic materials, industrial, transportation, and telecommunications. Its portfolio diversifies across stocks of companies of all market capitalizations, as well as corporate and government debt securities, including high-yield corporate debt of any maturity. Additionally, the fund allocates capital to private equity investments. To build its portfolio, the fund employs a rigorous investment process that combines fundamental and quantitative analysis, with a focus on proprietary financial, risk, and valuation models. ### What is the expense ratio of TEAF? Ecofin Sustainable and Social Impact Term Fund (TEAF) charges an expense ratio of 3.08%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is TEAF? Ecofin Sustainable and Social Impact Term Fund (TEAF) manages $164.7M 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 TEAF actively managed or an index fund? TEAF's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was TEAF launched? Ecofin Sustainable and Social Impact Term Fund (TEAF) launched in March 2019 and is managed by the fund issuer. ### How has TEAF performed? TEAF'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 TEAF pay a dividend? Ecofin Sustainable and Social Impact Term Fund (TEAF) 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 TEAF pay dividends? Ecofin Sustainable and Social Impact Term Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is TEAF's dividend yield? TEAF's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is TEAF's next ex-dividend date? The most recently announced ex-dividend date for TEAF was 2025-10-24. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will TEAF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 3.08% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does TEAF charge its expense ratio? The expense ratio is deducted in tiny daily slices from TEAF'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. ### Why does TEAF cost more than a fund like VOO? TEAF's strategy (current expense ratio 3.08%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where TEAF sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to TEAF? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as TEAF (3.08%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/teaf - Distribution history: https://www.dividenddata.com/funds/teaf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/teaf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/teaf/expenses - Peer comparison: https://www.dividenddata.com/funds/teaf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.