Tortoise Capital Advisors, L.l.c.

Tortoise Capital Advisors, L.L.C. is a registered investment adviser specializing in providing investment management services to individual and institutional investors, as well as pooled investment vehicles. Founded in 2002, Tortoise focuses on investments in energy and power infrastructure, with an emphasis on the transition to cleaner energy sources. The firm offers separately managed account client strategies in the North American energy sector, including midstream companies, renewable energy providers, and companies involved in energy efficiency and environmental services. For separately managed accounts, annual advisory fees generally range up to 1.00% of assets under management, while private funds' fees range up to 0.75%. Performance-based fees may also apply. Tortoise manages approximately $8.4 billion of client assets on a discretionary basis as of December 31, 2024. The firm may trade all client accounts to align them with the model portfolio applicable to the investment strategy, with clients typically granting full discretion over security selection. Tortoise acts as the investment adviser to various funds, including closed-end funds, open-end funds, and an exchange-traded fund, investing in energy infrastructure companies. The firm's investment strategies involve fundamental, technical, and cyclical analysis, focusing on energy companies' asset quality, management stability, and growth prospects. Clients have the option to request proxy voting services, and Tortoise has policies and procedures in place to ensure fair and equitable trade allocation among clients. For more information on privacy rights and data protection, clients can contact Tortoise directly.