TPYPTortoise North American Pipeline Fund
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. The Underlying Index undergoes quarterly rebalance and annual review.
TPYP MSCI ESG Analytics Insight
Tortoise North American Pipeline Fund has an MSCI ESG Fund Rating of A based on a score of 7.63 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
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. Tortoise North American Pipeline Fund ranks in the 80th percentile within its peer group and in the 65th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
TPYP MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
TPYP Summary Data
TPYP Portfolio Data
TPYP Index Data
TPYP Portfolio Management
TPYP Tax Exposures
TPYP Fund Structure
TPYP Factset Analytics Block Liquidity
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 Sector/Industry Breakdown
TPYP Economic Development
TPYP Performance Statistics
TPYP MSCI ESG Ratings
TPYP Benchmark Comparison Summary
TPYP Benchmark Comparison Market Cap Size