What is TPYP?

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

PERFORMANCE [as of 12/07/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TPYP -0.47% -1.01% 17.69% 18.73% 10.29% 7.10% --
TPYP (NAV) -0.49% -2.79% 17.62% 14.91% 9.78% 7.32% --
Tortoise North American Pipeline Index -0.44% -1.09% 18.35% 19.45% 10.74% 7.66% 7.34%
MSCI USA IMI / Oil & Gas Storage & Transportation -SUB -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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. The Underlying Index undergoes quarterly rebalance and annual review.

TPYP Summary Data

Tortoise
06/30/15
0.40%
$571.60M
MSCI USA IMI / Oil & Gas Storage & Transportation -SUB
Open-Ended Fund

Peers

MSCI USA IMI / Oil & Gas Storage & Transportation -SUB

Fund Flows

+$0.04B 5 Days
+$0.04B 30 Days
+$0.02B 90 Days

TPYP Portfolio Data

$29.03B
17.80
2.14
4.40%
N/A
51

TPYP Index Data

Market Cap
Market Cap
MSCI USA IMI / Oil & Gas Storage & Transportation -SUB

TPYP Portfolio Management

0.40%
-0.94%
-0.67%
-1.14%

TPYP Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

TPYP Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 12/08/22

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

85,536
$2.17M
42,038
$1.04M
0.18%
$0.04
0.09%
0.33% / -0.26%
None
100.00%
50,000
0.84
0.05%
0.05%
36
$25.26
5

TPYP Sector/Industry Breakdown

TPYP Segment
Benchmark
71.36% --
25.05% --
2.47% --
0.86% --
0.18% --
0.05% --
0.03% --

TPYP Top 10 Holdings

7.36%
6.83%
5.52%
4.36%
4.28%
59.80%

TPYP Performance Statistics

--
--
--
--
--
MSCI USA IMI / Oil & Gas Storage & Transportation -SUB

TPYP Countries

TPYP Segment
Benchmark
77.14% --
22.83% --

TPYP Regions

TPYP Segment
Benchmark
99.97% --

TPYP Economic Development

TPYP Segment
Benchmark
99.97% --
0.00% --

TPYP Benchmark Comparison Holdings

51
--
--
--

TPYP Benchmark Comparison Summary

TPYP Segment
Benchmark
51 --
$29.03B --
17.80 --
2.14 --
4.93% --
High --

TPYP Benchmark Comparison Market Cap Size

TPYP Segment
Benchmark
65.60% --
29.82% --
4.03% --
0.00% --