Tortoise Midstream Energy Fund
  
Schedule of Investments
  
August 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 93.8%
  
Shares
    
Value
  
Canada Crude Oil Pipelines - 7.9%
        
Enbridge, Inc.
    
256,103
    
$
10,290,218
  
Pembina Pipeline Corp.
    
278,903
      
11,234,213
  
             
21,524,431
  
                 
Canada Natural Gas/Natural Gas Liquids Pipelines - 3.8%
          
TC Energy Corp.
    
224,613
      
10,408,567
  
                 
United States Crude Oil Pipelines - 9.3%
          
Plains GP Holdings LP
    
1,315,066
      
25,249,267
  
                 
United States Natural Gas Gathering/Processing - 10.8%
          
EnLink Midstream LLC
    
800,186
      
11,490,671
  
Hess Midstream Partners LP - Class A
    
420,939
      
15,722,072
  
Kinetik Holdings, Inc.
    
46,011
      
2,035,526
  
             
29,248,269
  
                 
United States Natural Gas/Natural Gas Liquids Pipelines - 53.1%
          
Cheniere Energy, Inc.
    
71,192
      
13,189,030
  
DT Midstream, Inc.
    
199,939
      
15,713,206
  
Excelerate Energy, Inc. - Class A
    
70,562
      
1,286,345
  
Kinder Morgan, Inc.
    
641,386
      
13,834,696
  
New Fortress Energy, Inc.
    
109,719
      
1,351,738
  
NextDecade Corp. (a)
    
228,576
      
1,065,164
  
ONEOK, Inc.
    
327,155
      
30,216,036
  
Targa Resources Corp.
    
234,259
      
34,412,647
  
The Williams Companies, Inc.
    
710,249
      
32,508,097
  
             
143,576,959
  
                 
United States Renewables and Power Infrastructure – 8.9%
          
Clearway Energy, Inc. - Class C
    
406,177
      
11,762,886
  
NextEra Energy, Inc.
    
26,725
      
2,151,630
  
Vistra Corp.
    
121,875
      
10,411,781
  
             
24,326,297
  
TOTAL COMMON STOCKS (Cost $251,855,753)
      
254,333,790
  
                 
MASTER LIMITED PARTNERSHIPS - 26.0%
  
Units
    
Value
  
United States Natural Gas Gathering/Processing - 5.0%
          
Western Midstream Partners LP
    
352,572
      
13,602,228
  
                 
United States Natural Gas/Natural Gas Liquids Pipelines - 11.0%
          
Energy Transfer LP
    
962,003
      
15,488,248
  
Enterprise Products Partners LP
    
489,300
      
14,356,062
  
             
29,844,310
  
                 
United States Refined Product Pipelines - 10.0%
          
MPLX LP
    
630,996
      
27,057,109
  
TOTAL MASTER LIMITED PARTNERSHIPS (Cost $39,310,839)
      
70,503,647
  
                 
PREFERRED STOCK - 1.3%
  
Units
    
Value
  
United States Natural Gas Gathering/Processing - 1.3%
          
EnLink Midstream Partners 9.72% (3 mo. Term SOFR + 4.37%), Perpetual
    
3,400
      
3,391,125
  
TOTAL PREFERRED STOCK (Cost $3,400,000)
      
3,391,125
  
                 
SHORT-TERM INVESTMENTS - 0.2%
                
Money Market Funds - 0.2%
  
Shares
          
First American Government Obligations Fund - Class X, 5.22% (b)
    
490,844
      
490,844
  
TOTAL SHORT-TERM INVESTMENTS (Cost $490,844)
      
490,844
  
                 
TOTAL INVESTMENTS - 121.3% (Cost $295,057,436)
      
328,719,406
  
Other Assets in Excess of Liabilities - 0.3%
      
714,415
  
Credit Facility Borrowings - (5.7)%
      
(15,600,000
)
Senior Notes - (10.8)%
      
(29,170,677
)
Mandatory Redeemable Preferred Stock at Liquidation Value - (5.1)%
      
(13,753,775
)
TOTAL NET ASSETS - 100.0%
          
$
270,909,369
  
               
Percentages are stated as a percent of net assets.
          

SOFR - Secured Overnight Financing Rate

(a)
Non-income producing security.
(b)
The rate shown represents the 7-day annualized effective yield as of August 31, 2024.
   

Summary of Fair Value Disclosure as of August 31, 2024 (Unaudited)
 
Tortoise Midstream Energy Fund 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:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
254,333,790
    
$
–
    
$
–
    
$
254,333,790
  
  Master Limited Partnerships
    
70,503,647
      
–
      
–
      
70,503,647
  
  Preferred Stock
    
–
      
3,391,125
      
–
      
3,391,125
  
  Money Market Funds
    
490,844
      
–
      
–
      
490,844
  
Total Investments
  
$
325,328,281
    
$
3,391,125
    
$
–
    
$
328,719,406
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.
  
   
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