Social Impact TSIFX 6/04/2018

How to measure the fund’s performance

Tortoise’s Chief Marketing Officer Jen Ashlock and Managing Director Jeremy Goff discuss:

  • Metrics investors should use to evaluate the fund’s performance
  • Primary benchmark used for the fund
  • Key differences between the benchmark and the fund
  • Frequency and method used for pricing the fund

Nothing contained herein constitutes tax, legal or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

The Bloomberg Barclays U.S. High Yield Municipal Bond Index(the Non-Investment Grade Municipal Bond Index) is composed of nonrated municipal bonds or municipal bonds rated Ba1 or below. The bonds must have an outstanding par value of at least $3 million, be issued as part of a transaction of at least $20 million, have an issue date after December 31, 1990 and have a remaining maturity of at least one year.

The Bloomberg Barclays U.S. Municipal Bond Index consists of a broad selection of investment grade, general obligation and revenue bonds of maturities ranging from one year to 30 years. It is an unmanaged index representative of the tax-exempt bond market. The index is made up of all investment grade municipal bonds issued after December 31, 1990, having a remaining maturity of at least one year.

It is not possible to invest directly in an index.