TPYP

Tortoise North American Pipeline Fund
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*Unless otherwise stated, data provided by FactSet.

TPYP Fund Description

TPYP tracks an index of North American pipeline entities organized as MLPs, MLP affiliates, LLCs, and corporations.

TPYP Factset Analytics Insight

TPYP offers broad exposure to North American pipeline equities in an ETF wrapper. The fund tracks a straightforward index of MLPs, MLP affiliates, and other pipeline entities listed in the US and Canada. TPYP is organized under the 1940 Act, so MLP exposure is capped, by rule, at 25%. TPYP tamps this down to 20% and is otherwise market-cap weighted. The upside to this approach is that TPYP avoids the tax complexity and costs associated with C-corp ETPs like AMLP. Despite its limitations, the fund is squarely aimed at pipelines and competes with a handful of similarly organized MLP-related ETFs. This broader approach to the space got a boost in 2014 when Kinder Morgan entities converted out of their MLP structure. In all, TPYP offers straightforward pipeline exposure for a reasonable fee.

TPYP MSCI ESG Analytics Insight

The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of February 20, 2019 the Tortoise North American Pipeline Fund MSCI ESG Fund Quality Score is 4.62 out of 10.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. TPYP ranks in the 49th percentile within its peer group and in the 21st percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.

TPYP CHARTS AND PERFORMANCE

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 02/20/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TPYP 4.35% 8.54% 18.08% 9.89% 14.52% -- --
TPYP (NAV) 4.58% 8.74% 18.07% 9.84% 15.19% -- --
Tortoise North American Pipeline Index 4.69% 8.90% 18.28% 10.39% 15.95% 3.09% --
Alerian MLP 3.38% 6.86% 16.14% 1.91% 10.18% -4.62% 10.42%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TPYP Top 10 Countries

TPYP Top 10 Sectors

TPYP Top 10 Holdings [View All]

TPYP Summary Data

Tortoise
06/30/15
Open-Ended Fund
0.40%
$334.84M
$4.93M
0.23%

TPYP Portfolio Data

$22.85B
23.66
1.87
3.88%
N/A
71

TPYP Index Data

Market Cap
Market Cap
Alerian MLP

TPYP Portfolio Management

0.40%
-0.60%
0.40%
-0.86%

TPYP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

TPYP Fund Structure

Open-Ended Fund
No
No
No Policy
N/A
N/A
Low
Daily
Bats Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

TPYP Factset Analytics Block Liquidity

As of 02/21/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of TPYP. TPYP is rated a 5 out of 5.

TPYP Tradability

239,424
$4.93M
85,209
$1.88M
0.23%
$0.05
0.09%
1.11% / -0.31%
None
100.00%
50,000
1.70
0.04%
0.06%
--
$23.52
5

TPYP Sector/Industry Breakdown


TPYP
Segment Benchmark
76.63%
81.54%
13.79%
0.13%
4.74%
--
4.09%
11.39%
0.02%
0.14%

TPYP TOP 10 HOLDINGS[View All]

8.01%
7.63%
6.23%
4.69%
4.05%
63.14%

TPYP Countries


TPYP
Segment Benchmark
71.91%
100.00%
28.09%
--

TPYP Regions


TPYP
Segment Benchmark
100.00%
100.00%

TPYP Economic Development


TPYP
Segment Benchmark
100.00%
100.00%

TPYP Performance Statistics

0.83
0.71
0.71
0.75
0.56%
Alerian MLP

TPYP MSCI ESG Ratings

4.62 / 10
48.64
20.62
7.32%
0.33%
705.15

TPYP BENCHMARK COMPARISON HOLDINGS

71
43
36
20.53%

TPYP BENCHMARK COMPARISON SUMMARY


TPYP
Segment Benchmark
71
43
$22.85B
$15.95B
23.66
19.06
1.87
2.11
5.84%
8.80%
High
High

TPYP BENCHMARK COMPARISON MARKET CAP SIZE


TPYP
Segment Benchmark
63.27%
47.60%
31.16%
36.64%
5.14%
14.49%
0.43%
1.27%