TPZ

Issuer

Tortoise

Inception

2024-12-23

Exchange

NYSE

CUSIP

890930100

Structure

—

Benchmark

—

Leverage

1x

Reset

—

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.

Reported net asset value

$21.47

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

8K

Shares outstanding

—

Options

—

TTM distribution yield

3.5%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-09-24

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

0.85%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$85.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

3/5 · rule-based

Annualized volatility · 1Y

15.48%

Beta vs VOO · 1Y

—

Maximum drawdown · 1Y

▼ −11.5%

Historical risk measures describe past behavior and do not predict future returns.