TPYP - Tortoise North American Pipeline Fund
| Assets | $454.26M |
| NAV | $20.79 |
| Expense Ratio | 0.40% |
| PE Ratio | 19.37 |
| Beta (5Y) | 1.27 |
| Dividend (ttm) | $1.00 |
| Dividend Yield | 4.81% |
| Ex-Dividend Date | Mar 24, 2021 |
| 1-Year Return | - |
| Trading Day | April 16 |
| Last Price | $20.74 |
| Previous Close | $20.80 |
| Change ($) | -0.06 |
| Change (%) | -0.29% |
| Day's Open | 20.91 |
| Day's Range | 20.68 - 20.91 |
| Day's Volume | 49,424 |
| 52-Week Range | 14.10 - 20.91 |
Fund Description
The investment seeks investment results that correspond (before fees and expenses) generally to the price and distribution rate (total return) performance of the Tortoise North American Pipeline IndexSM (the underlying index). The fund will normally invest at least 80% of its total assets in securities that comprise the underlying index (or depository receipts based on such securities). The underlying index is a proprietary rules-based, capitalization weighted, float adjusted index designed to track the overall performance of equity securities of North American Pipeline Companies. The fund is non-diversified.
| Asset Class Equity | Sector Natural Resources |
| Region North America | Inception Date Jun 30, 2015 |
| Exchange NYSEARCA | Ticker Symbol TPYP |
| Index Tracked Tortoise North American Pipeline Index | |
Top 10 Holdings
59.23% of assets| Name | Symbol | Weight |
|---|---|---|
| Kinder Morgan | KMI | 7.79% |
| TC Energy Corp | TRP.TO | 7.66% |
| Enbridge Inc | ENB.TO | 7.65% |
| Williams Companies | WMB | 7.36% |
| Enterprise Products Partners | EPD | 6.45% |
| ONEOK | OKE | 5.72% |
| NiSource | NI | 4.40% |
| Atmos Energy | ATO | 4.31% |
| Cheniere Energy | LNG | 3.97% |
| Pembina Pipeline Corp | PPL.TO | 3.93% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 24, 2021 | $0.247 | Mar 26, 2021 |
| Dec 30, 2020 | $0.242 | Jan 4, 2021 |
| Sep 23, 2020 | $0.268 | Sep 25, 2020 |
| Jun 24, 2020 | $0.244 | Jun 26, 2020 |
| Mar 25, 2020 | $0.31 | Mar 27, 2020 |
| Dec 30, 2019 | $0.223 | Jan 2, 2020 |
Given the bargain prices as well as encouraging trends, investors are cashing in on the high dividend yields in the energy sector with ETFs.