Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public)
October 25 2024 - 10:00AM
Edgar (US Regulatory)
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Tortoise Energy Infrastructure Corp
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Consolidated Schedule of Investments
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August 31, 2024 (Unaudited)
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COMMON STOCKS - 99.1%
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Shares
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Value
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Canada Natural Gas/Natural Gas Liquids Pipelines - 1.9%
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TC Energy Corp.
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189,277
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$
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8,771,096
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United States Crude Oil Pipelines - 2.5%
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Plains GP Holdings LP
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583,730
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11,207,616
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United States Natural Gas Gathering/Processing - 11.7%
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Antero Midstream Corp.
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488,403
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7,262,553
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EnLink Midstream LLC
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520,687
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7,477,065
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Hess Midstream Partners LP
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979,135
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36,570,692
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Kinetik Holdings, Inc.
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54,924
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2,429,838
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53,740,148
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United States Natural Gas/Natural Gas Liquids Pipelines - 44.3%
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Cheniere Energy, Inc.
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127,233
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23,571,186
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DT Midstream, Inc.
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114,114
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8,968,219
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Excelerate Energy, Inc.
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57,737
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1,052,546
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Kinder Morgan, Inc.
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897,060
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19,349,584
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New Fortress Energy, Inc.
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176,000
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2,168,320
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NextDecade Corp. (a)
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443,864
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2,068,406
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ONEOK, Inc.
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511,748
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47,265,046
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Targa Resources Corp.
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329,698
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48,432,636
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The Williams Companies, Inc.
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1,069,126
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48,933,897
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201,809,840
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United States Renewables and Power Infrastructure - 38.7%
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AES Corp.
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708,155
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12,130,695
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Ameren Corp.
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102,867
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8,487,556
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Clearway Energy, Inc.
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758,641
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21,970,243
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CMS Energy Corp.
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250,513
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16,999,812
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Constellation Energy Corp.
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128,894
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25,353,450
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DTE Energy Co.
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194,320
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24,293,887
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NextEra Energy, Inc.
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254,977
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20,528,198
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Sempra Energy
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335,555
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27,575,910
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Vistra Corp.
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221,902
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18,957,088
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176,296,839
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TOTAL COMMON STOCKS (Cost $457,033,447)
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451,825,539
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MASTER LIMITED PARTNERSHIPS - 25.1%
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Units
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Value
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United States Natural Gas Gathering/Processing – 4.9%
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Western Midstream Partners LP
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583,326
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22,504,717
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United States Natural Gas/Natural Gas Liquids Pipelines - 11.3%
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Energy Transfer LP
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1,879,085
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30,253,269
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Enterprise Products Partners LP
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729,194
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21,394,552
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51,647,821
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United States Refined Product Pipelines - 8.9%
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MPLX LP
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947,355
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40,622,582
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TOTAL MASTER LIMITED PARTNERSHIPS (Cost $58,491,236)
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114,775,120
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PRIVATE INVESTMENTS - 1.2%
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Shares
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Value
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United States Renewables - 1.2%
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TK NYS Solar Holdco LLC (b)(c)(d)
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N/A
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5,316,110
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TOTAL PRIVATE INVESTMENTS (Cost $50,141,470)
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5,316,110
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PREFERRED STOCKS - 1.1%
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Units
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Value
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United States Natural Gas Gathering/Processing - 1.1%
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EnLink Midstream Partners, 9.72% (3 mo. Term SOFR + 4.37%), Perpetual
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5,100
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5,086,688
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TOTAL PREFERRED STOCKS (Cost
$5,100,000)
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5,086,688
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SHORT-TERM INVESTMENTS - 0.1%
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Money Market Funds - 0.1%
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Shares
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Invesco Government & Agency Portfolio - Class Institutional, 5.19% (e)
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424,907
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424,907
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TOTAL SHORT-TERM INVESTMENTS
(Cost $424,907)
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424,907
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TOTAL INVESTMENTS - 126.7% (Cost
$571,191,060)
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577,428,364
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Liabilities in Excess of Other Assets - (0.1)%
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(596,364
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Credit Facility Borrowings - (7.7)%
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(35,000,000
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Senior Notes - (11.1)%
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(50,333,333
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Mandatory Redeemable Preferred Stock at Liquidation Value - (7.8)%
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(35,660,610
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TOTAL NET ASSETS - 100.0%
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$
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455,838,057
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Percentages are stated as a percent of net assets.
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SOFR - Secured Overnight Financing Rate
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(a)
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Non-income producing security.
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(b)
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Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision
of the Adviser, acting as Valuation Designee. These securities represented $5,316,110 or 1.2% of net assets as of August 31, 2024.
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(c)
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Deemed to be an affiliate of the fund.
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(d)
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Restricted securities have a total fair value of $5,316,110 which represents 1.2% of net assets
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(e)
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The rate shown represents the 7-day annualized effective yield as of August 31, 2024.
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Summary of Fair Value Disclosure as of August 31, 2024 (Unaudited)
Tortoise Energy Infrastructure Corp has adopted authoritative fair value accounting standards which establish an authoritative definition
of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation
techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not
an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or
indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the
Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of August 31, 2024:
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Level 1
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Level 2
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Level 3
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Total
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Investments:
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Common Stocks
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$
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451,825,539
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$
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–
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$
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–
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$
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451,825,539
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Master Limited Partnerships
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114,775,120
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–
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–
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114,775,120
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Private Investments
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–
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–
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5,316,110
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5,316,110
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Preferred Stocks
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–
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5,086,688
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–
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5,086,688
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Money Market Funds
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424,907
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–
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–
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424,907
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Total Investments
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$
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567,025,566
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$
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5,086,688
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$
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5,316,110
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$
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577,428,364
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Refer to the Consolidated Schedule of Investments for further disaggregation of investment categories.
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Tortoise Energy Infrastr... (NYSE:TYG)
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