Investment Solutions

As of 12/31/2025

As stated in each fund’s Prospectus, the total annual operating expenses are 0.75% for TNUK, 0.50% for TMLP, 0.65% for TCAI, 0.85% for TNGY, 0.85% for TPZ, 0.40% for TPYP and 0.40% for TBLU.

Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. NAV prices are used to calculate market price performance prior to the date when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call (855) 994-4437.

As of 12/31/2025

Note: For periods over one year, performance reflected is for the average annual returns.

¹ The Institutional and A Class Shares commenced operations on 5/31/2011 and C Class Shares commenced operations on 9/19/2012. Performance shown prior to inception of the C Class Shares is based on the performance of the Institutional Class Shares, adjusted for the higher expenses applicable to C Class Shares.

As of 1/31/2026

Performance data quoted represents past performance; past performance does not guarantee future results. Like 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.

Since inception is since IPO date of the fund 2/24/2004.

Net Asset Value (“NAV”) Return is defined as the change in net asset value per share plus cash distributions paid during the period (assuming reinvestment through the Fund’s dividend reinvestment plan).

Market Price Return is defined as the change in share price plus cash distributions paid during the period (assuming reinvestment through the Fund’s dividend reinvestment plan).

For periods over one year, performance reflected is for the average annual returns.

Please contact Client Relations at ClientRelations@tortoisecapital.com or 866-362-933 to learn more about how we might serve your needs with a Tortoise Capital separately managed account.

To request a Form ADV Part 2 Disclosure Brochure and Brochure Supplements, please contact Compliance at compliance@tortoisecapital.com.