Tax-Advantaged Social Infrastructure Fund

The Tortoise direct lending platform provides capital for social infrastructure projects related to 501(c)(3) organizations, nonprofits and other entities authorized to issue private activity and tax-exempt bonds focused on education, healthcare, housing, industrial infrastructure, human service providers and social services by investing in directly originated securities. Tortoise Tax-Advantaged Social Infrastructure Fund's objective is to seek to generate attractive total return with an emphasis on tax-advantaged income. 

Key reasons to consider investing:

  • Compelling market opportunity potential
  • Attractive after-tax return potential
  • Tax-advantaged income potential
  • Seeks diversification through generally uncorrelated alternative assets
  • Shorter expected duration in a rising interest rate environment
  • Experienced team

Fund details as of 5/18/2018

Total assets $6.7 million   Fiscal year end September 30
Investment objective Total return and tax-advantaged income   Structure Regulated investment company (RIC)

TSIFX Details

As of 05/25/2018

  • NAV
  • $9.99
  • $ Chg
  • $-0.01
  • Inception Date
  • 3/26/2018
  • Objective
  • Total return and tax-advantaged income
  • Ticker
  • Cusip
  • 293859104
  • Minimum investment
  • $2,500
  • Max repurchase fee1
  • 2.00%
  • Max early withdrawal fee
  • None
  • Management fee2
  • 1.25%
  • Gross expense ratio3
  • 1.89%
  • Net expense ratio2,3
  • 1.50%

  1. The fund may impose repurchase fees of up to 2.00% on Common Shares accepted for repurchase. Payment of the repurchase fee is made by netting the fee against the repurchase proceeds. The repurchase fee is retained by the fund for the benefit of remaining shareholders. If a shareholder has made multiple purchases and tenders a portion of its Common Shares, the repurchase fee is calculated on a first-in/first-out basis.
  2. The Adviser has contractually agreed to reimburse expenses of the fund so that certain of the fund’s expenses will not exceed 0.25% of managed assets (annualized) through February 29, 2020. Under the Advisory Agreement, the Advisor receives compensation of 1.25% of our daily managed assets for the services rendered on an annual basis. Net expense ratio is as of the most recent prospectus and is applicable to investors.
  3. Reflects the issuance of leverage representing 5.00% of the fund’s total assets immediately after the incurrence of leverage, net of expenses, and the fund’s currently projected annual interest on its leverage of 2.50%. The fund's actual interest costs associated with leverage may differ from these estimates.