Tortoise Energy Evolution Fund Institutional Class
TOPIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Managed Portfolio Series
- IPO Date
- Jan 2, 2019
- CIK
- 0001511699
- Similar Companies
- Business
- Tortoise Energy Evolution Fund Institutional Class (TOPIX) is an open-end mutual fund managed by Tortoise Capital Advisors, L.L.C. that seeks total return by investing primarily in securities benefiting from the long-term growth associated with the global energy evolution, including electrification driving energy demand, carbon emission reductions, U.S. energy exports, lower-carbon fuels, renewable energy policies, transportation fuel transitions, energy efficiency improvements, and up to 25% in master limited partnerships (MLPs). The fund offers institutional class shares (TOPIX), alongside investor class (TOPTX) and C class (TOPCX) shares; it targets small- and mid-cap companies in the energy sector with exposure to foreign securities, derivatives such as options, futures, and swaps, and themes spanning the energy value chain from production and infrastructure to sustainable transition opportunities. Launched prior to 2020 through a strategy modification and name change from Tortoise Select Opportunity Fund, the fund is headquartered in Overland Park, Kansas, where Tortoise Capital Advisors—founded in 2002—operates with approximately $9 billion in assets under management focused on energy and power infrastructure across publicly traded equities, closed-end funds, ETFs, and indices. In recent developments, Tortoise Capital has undertaken significant fund reorganizations, including the 2024 shareholder-approved mergers of closed-end funds such as Tortoise Midstream Energy Fund (NTG) into Tortoise Energy Infrastructure Corp. (TYG), and the conversion of funds like Tortoise Power and Energy Infrastructure Fund (TPZ), Tortoise Pipeline & Energy Fund (TTP), and Tortoise Energy Independence Fund (NDP) into an actively managed ETF structure; further, in 2025, Tortoise completed the merger of Tortoise Sustainable and Social Impact Term Fund (TEAF) into TYG, enhancing scale and efficiency with combined assets exceeding $1.3 billion, while transitioning other open-end funds like the Tortoise Energy Infrastructure Total Return Fund and North American Pipeline Fund into the Tortoise Capital Series Trust. These changes reflect Tortoise Capital's strategic shift toward streamlined structures, including ETF conversions (e.g., Tortoise Energy Infrastructure and Income Fund to Tortoise Energy Fund, ticker TNGY) and alignment under unified advisory oversight, positioning the firm to capitalize on electrification, natural gas demand, LNG exports, and AI infrastructure amid the ongoing energy transition, with no specific alterations reported for the TOPIX fund itself in the last 1-2 years.