Key stats
About Tortoise MLP ETF
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Inception date
Dec 23, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tortoise Capital Advisors LLC
Distributor
Quasar Distributors LLC
Identifiers
3
ISIN US8909308863
TMLP provides exposure to the MLP universe through a market cap-weighted index of US master limited partnerships (MLPs) and limited liability companies. MLPs are publicly listed partnerships that focus on the transportation, production, processing, or storage of energy commodities. To be included in the index, the company must be 1) in the domiciled and traded in the US, 2) have at least $200 million USD in market cap and 3) maintain an average of $175 million USD in market-cap for a minimum of 20 trading days prior to the rebalance reference date. The fund intends to seek exposure to the underlying index by primarily investing in total return swaps that reference the components of the underlying index. It may, additionally, directly hold the securities of the index constituents up to 25% of its total assets only. A 7.5% capping is also applied to individual positions alongside a 15% limit to securities of an MLP Affiliate family. The index is rebalanced on a quarterly basis.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Industrial Services
Utilities
Government
Stocks83.00%
Industrial Services61.13%
Utilities10.79%
Energy Minerals6.00%
Distribution Services5.08%
Bonds, Cash & Other17.00%
Government16.27%
Cash0.73%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TMLP invests in stocks. The fund's major sectors are Industrial Services, with 61.13% stocks, and Utilities, with 10.79% of the basket. The assets are mostly located in the North America region.
TMLP top holdings are United States Treasury Bills 0.0% 26-MAR-2026 and Plains All American Pipeline, L.P., occupying 16.27% and 8.26% of the portfolio correspondingly.
TMLP assets under management is 37.78 M USD. It's risen 1.70% over the last month.
TMLP fund flows account for −1.27 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TMLP pays dividends to its holders with the dividend yield of 0.17%. The last dividend (Jan 2, 2026) amounted to 0.01 USD. The dividends are paid quarterly.
TMLP shares are issued by TortoiseEcofin Investments LLC under the brand Tortoise. The ETF was launched on Dec 23, 2025, and its management style is Passive.
TMLP expense ratio is 0.50% meaning you'd have to pay 0.50% of your investment to help manage the fund.
TMLP follows the Tortoise MLP Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TMLP invests in stocks.
TMLP price has risen by 5.04% over the last month, and its yearly performance shows a 5.28% increase. See more dynamics on TMLP price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 6.16% over the last month, showed a 6.16% increase in three-month performance and has increased by 6.16% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 6.16% over the last month, showed a 6.16% increase in three-month performance and has increased by 6.16% in a year.
TMLP trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.