Ecofin Sustainable and Social Impact Term Fund : Fact Sheet (teaf tortoise sustainable and social impact term fund fact sheet 3312025)

Published: 2025-04-17 14:48:05 ET TEAF

Tortoise Sustainable and Social Impact

Term Fund

(NYSE: TEAF)

The Tortoise Sustainable and Social Impact Term Fund seeks to provide a high level of total return with an emphasis on current distributions. TEAF provides investors access to a combination of public and direct investments in essential assets that are making an impact on clients and communities.

TEAF seeks to provide:

• Expertise ofTortoise Capital, an energy infrastructure investment firm with more than 20 years of experience

Fund at a glance

as of 3/31/2025 unless noted (unaudited)

Total assets (including leverage)

$214.2 million

Market price

$11.36

NAV

$13.33

Total number of holdings

Leverage (as percent of total assets)

15.6%

Shares outstanding

13.49 million

IPO date

March 26, 2019

Distribution frequency

Monthly

Management fee5

1.35%

Distributions3

Distribution rate4

9.5%

Upcoming monthly distributions are set forth below:

Record

Payable

Per share

date

amount

1/24/2025

1/31/2025

$0.09

2/21/2025

2/28/2025

$0.09

3/24/2025

3/31/2025

$0.09

Top 10 holdings1 as of 3/31/2025

Investment

Public vs

% of Investment

Name

Ticker

Description

Private

Exposure Type

Securities2

Energy Transfer LP

Public

Energy Infrastructure

9.4%

MPLX LP

MPLX

Public

Energy Infrastructure

5.0%

One Energy Enterprises, Inc. Series A

Private

Waste transition

4.9%

Renewable Holdco I, LLC

(DG Solar - Portfolio of 14 solar assets across 4

Private

Solar - Private

4.7%

states: CO, FL, NJ and PR)

Western Midstream Partners, LP

WES

Public

Energy Infrastructure

4.1%

Hess Midstream LP

HESM

Public

Energy Infrastructure

4.1%

Renewable Holdco, LLC

Private

Power

4.1%

Enterprise Products Partners L.P.

EPD

Public

Energy Infrastructure

3.3%

Renewable Holdco II, LLC

Private

Solar

3.2%

Targa Resources Corp.

TRGP

Public

Energy Infrastructure

2.8%

Total

45.6%

www.tortoisecapital.com/TEAF

Tortoise Sustainable and Social ImpactTerm Fund

Portfolio allocation* as of 3/31/2025 (unaudited)

Fund structure

By sector

By structure type**

Energy

infrastructure

36%

19%

Private

64%

Sustainable

Public

81%

infrastructure

Due to rounding, totals may not equal 100%

*Percentages based on total investment portfolio

** 'Private' or 'Public' identifier made at time of investment;

'private' may include securities that are freely tradable but acquired in a private investment in public equity (PIPE) transaction

Performance1 as of 3/31/2025

TEAF is a non-diversified, closed-end management investment company that will have a limited period of existence and shall dissolve as of the close of business 12 years from the effective date of its initial registration statement. If the fund has greater than or equal to $100 million in net assets at the end of the term, the Board may elect that the fund converts to a perpetual trust.

QTD

Calendar

1 year

3 year

5 year

Since

YTD

inception2

Market price total return

-3.19%

4.95%

-0.91%

10.96%

-1.44%

NAV total return

-2.65%

-2.77%

-2.09%

7.95%

-0.18%

Performance presented is net of fees and expenses. 1Performance is annualized for periods longer than one year. Source: Bloomberg. Assumes reinvestment of distributions into security. Total return does not reflect brokerage commissions. 23/26/2019. Performance data quoted represents past performance; past performance does not guarantee future results. As with any other stock, total return and market value will fluctuate so that an investment, when sold, may be worth more or less than its original cost. Due to market volatility, current performance may be lower or higher than the figures shown. For current performance information, visit www.tortoisecapital.com.

INVESTMENT COMMITTEE: strategic oversight and asset allocation

Ed Russell

Mark Marifian

Jeff Kruske

Rob Thummel

Matt Sallee

Underlying strategies managed by our experienced portfolio team

Portfolio construction

Investment strategy

Under normal conditions, the fund seeks to achieve its investment objective by investing at least 80% of its total assets (including assets obtained through leverage) in issuers operating in essential asset sectors.

The fund may invest up to the following percentages of its total assets:

www.tortoisecapital.com/TEAF

Tortoise Sustainable and Social ImpactTerm Fund

Tortoise Capital Advisors, L.L.C. is the adviser toTortoise Sustainable and Social ImpactTerm Fund. For additional information, please call 866-362-9331 or email [email protected].

All investments involve risk, including possible loss of principal. You should consider the investment objective, risk factors, fees and expenses of the fund carefully before investing. For this and other important information please refer to the fund's most recent prospectus and read it carefully before investing.

Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares are sold on the open market through a stock exchange. Shares of closed-end funds frequently trade at a market price that is below their net asset value. Leverage creates risks which may adversely affect return, including the likelihood of greater volatility of net asset value and market value.

The fund's ability to achieve its investment objective is directly related to the investment strategies of its adviser and sub-adviser. If expected results are not achieved, the value of the fund's investment could be diminished or even lost entirely, and it could underperform the market or other funds with similar investment objectives. The Investment Committee of the fund's adviser allocates and reallocates assets among the various asset classes and security types in which the fund may invest. Such allocation decisions could cause the fund's investments to be allocated to asset classes and security types that perform poorly or underperform other asset classes and security types or available investments. The fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the fund is more exposed to individual stock volatility than a diversified fund. The fund will have a limited period of existence and will dissolve 12 years from the effective date of the initial registration statement. Its investment policies are not designed to return to common shareholders their original net asset value

or purchase price. Investing in specific sectors such as social infrastructure, sustainable infrastructure and energy infrastructure may involve greater risk and volatility than less concentrated investments. Risks include, but are not limited to, risks associated with commodity price volatility, supply and demand, reserve and depletion, operating, regulatory and environmental, renewable energy, gas, water, and public infrastructure. Equity securities may fluctuate in response to the activities of an individual company or in response to general market and/or economic conditions, and include the possibility of sudden or prolonged market declines. The fund invests in small and mid-cap companies, which involve additional risks such as limited liquidity and greater volatility than larger companies. The tax benefits received by an investor investing in the fund differ from that of a direct investment in an MLP by an investor. The value of the fund's investment in an MLP will depend largely on the MLP's treatment as a partnership for U.S. federal income tax purposes. If the MLP is deemed to be a corporation then its income would be subject to federal taxation, reducing the amount of cash available for distribution to the fund, which could result in a reduction of the fund's value. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The fund invests in municipal-related securities. Litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on the ability of an issuer of municipal bonds to make payments of principal and/ or interest. Changes related to taxation, legislation or the rights of municipal security holders can significantly affect municipal bonds. Investments may be subject to liquidity risk, adversely impacting the fund's ability to sell particular securities at advantageous prices or in a timely manner. Investments in non-U.S. issuers (including Canadian issuers) involve risks not ordinarily associated with investments in securities and instruments of U.S. issuers, including risks related to political, social and economic developments abroad, differences between U.S. and foreign regulatory and accounting requirements, tax risk and market practices, as well as fluctuations in foreign currencies. The fund also writes call options which may limit the fund's ability to profit from increases in the market value of a security, but cause it to retain the risk of loss should the price of the security decline. The fund may utilize leverage, which is a speculative technique that may adversely affect common shareholders if the return on investments acquired with borrowed fund or other leverage proceeds does not exceed the cost of the leverage, causing the fund to lose money. The fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid.

This data is provided for information only and is not intended for trading purposes. This fact sheet shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of the securities in any state or jurisdiction in which such offer or sale is not permitted. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.

www.tortoisecapital.com/TEAF

Disclaimer

Tortoise Sustainable and Social Impact Term Fund published this content on April 17, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 17, 2025 at 18:47 UTC.