ETF overview
TPZ invests in equity and fixed income securities, mainly in US electrification infrastructure companies that are expected to provide consistent income regardless of the economic cycle. The fund invests in companies that use long-lived assets for the generation, transmission, and distribution of electric power, and related energy infrastructure such as utilities, pipelines, LNG facilities, and renewable energy assets. Fixed income investments may be of any maturity, comprising up to 50% of the portfolio. The fund caps junk bonds to 25%, MLPs to 25%, and non-US issuers to 10%. In addition, the actively managed fund employs a covered call strategy against select equity positions. Starting with $313 million in assets, the ETF is the product of the merger of three closed-end funds: Tortoise Power and Energy Infrastructure (TPZ), Tortoise Energy Independence Fund, Inc. (NDP), and Tortoise Pipeline & Energy Fund, Inc. Before Jan 1, 2026, the fund was named Tortoise Essential Energy Fund.
Fund facts
- Expense ratio
- 0.85%
- Fund assets
- 113.9M USD (all share classes)
- Issuer
- Tortoise
- Inception date
- Dec 23, 2024
- Number of holdings
- 35
Breakdown
Holdings (35)
| Name | Ticker | Weight |
|---|---|---|
| Targa Resources Corp | TRGP | 9.07% |
| Cheniere Energy Inc | LNG | 8.12% |
| Energy Transfer LP | ET | 7.81% |
| Williams Cos Inc/The | WMB | 6.65% |
| Entergy Corp | ETR | 6.23% |
| TC Energy Corp | TRP | 5.16% |
| Constellation Energy Corp | CEG | 4.75% |
| MPLX LP | MPLX | 4.72% |
| ONEOK Inc | OKE | 4.13% |
| CenterPoint Energy Inc | CNP | 3.65% |
| and 22 more | ||
Similar ETFs
- Global X - MLP & Energy Infrastructure ETFMLPX · Overlap 49% · Expense ratio 0.45%
- Alerian Energy Infrastructure ETFENFR · Overlap 49% · Expense ratio 0.35%
- Pacer American Energy Infrastructure ETFUSAI · Overlap 48% · Expense ratio 0.75%
- USCF Midstream Energy Income FundUMI · Overlap 48% · Expense ratio 0.85%
- VanEck Energy Income ETFEINC · Overlap 47% · Expense ratio 0.46%
- Invesco SteelPath MLP & Energy Infrastructure ETFPIPE · Overlap 46% · Expense ratio 0.75%
- Tortoise North American Pipeline ETFTPYP · Overlap 46% · Expense ratio 0.40%
- Neuberger Berman Energy Transition & Infrastructure ETFNBET · Overlap 43% · Expense ratio 2.10%
Overlap is the share of assets the two funds hold in common.
Historical returns do not guarantee future returns. This is not investment advice.
- Expense ratio
- 0.85%
- Fund assets
- 113.9M USD (all share classes)
- Issuer
- Tortoise
- Inception date
- Dec 23, 2024
- Number of holdings
- 35
| Name | Ticker | Weight |
|---|---|---|
| Targa Resources Corp | TRGP | 9.07% |
| Cheniere Energy Inc | LNG | 8.12% |
| Energy Transfer LP | ET | 7.81% |
| Williams Cos Inc/The | WMB | 6.65% |
| Entergy Corp | ETR | 6.23% |
| TC Energy Corp | TRP | 5.16% |
| Constellation Energy Corp | CEG | 4.75% |
| MPLX LP | MPLX | 4.72% |
| ONEOK Inc | OKE | 4.13% |
| CenterPoint Energy Inc | CNP | 3.65% |
| and 22 more | ||
TPZ invests in equity and fixed income securities, mainly in US electrification infrastructure companies that are expected to provide consistent income regardless of the economic cycle. The fund invests in companies that use long-lived assets for the generation, transmission, and distribution of electric power, and related energy infrastructure such as utilities, pipelines, LNG facilities, and renewable energy assets. Fixed income investments may be of any maturity, comprising up to 50% of the portfolio. The fund caps junk bonds to 25%, MLPs to 25%, and non-US issuers to 10%. In addition, the actively managed fund employs a covered call strategy against select equity positions. Starting with $313 million in assets, the ETF is the product of the merger of three closed-end funds: Tortoise Power and Energy Infrastructure (TPZ), Tortoise Energy Independence Fund, Inc. (NDP), and Tortoise Pipeline & Energy Fund, Inc. Before Jan 1, 2026, the fund was named Tortoise Essential Energy Fund.
- Global X - MLP & Energy Infrastructure ETFMLPX · Overlap 49% · Expense ratio 0.45%
- Alerian Energy Infrastructure ETFENFR · Overlap 49% · Expense ratio 0.35%
- Pacer American Energy Infrastructure ETFUSAI · Overlap 48% · Expense ratio 0.75%
- USCF Midstream Energy Income FundUMI · Overlap 48% · Expense ratio 0.85%
- VanEck Energy Income ETFEINC · Overlap 47% · Expense ratio 0.46%
- Invesco SteelPath MLP & Energy Infrastructure ETFPIPE · Overlap 46% · Expense ratio 0.75%
- Tortoise North American Pipeline ETFTPYP · Overlap 46% · Expense ratio 0.40%
- Neuberger Berman Energy Transition & Infrastructure ETFNBET · Overlap 43% · Expense ratio 2.10%
Overlap is the share of assets the two funds hold in common.
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