| Date | Market Price | NAV | NAV Change | Premium/Discount |
|---|---|---|---|---|
| 3/27/2025 | $20.65 | $20.71 | $-0.28 | -0.28% |
| 3/26/2025 | $20.96 | $20.99 | $-0.10 | -0.12% |
| 3/25/2025 | $21.00 | $21.09 | $-0.04 | -0.41% |
| 3/24/2025 | $21.11 | $21.13 | $0.31 | -0.09% |
| 3/21/2025 | $20.78 | $20.82 | $-0.17 | -0.19% |
| 3/20/2025 | $20.92 | $20.99 | $0.08 | -0.32% |
| 3/19/2025 | $20.85 | $20.91 | $0.24 | -0.27% |
| 3/18/2025 | $20.62 | $20.67 | $-0.09 | -0.22% |
| 3/17/2025 | $20.64 | $20.76 | $0.34 | -0.58% |
| 3/14/2025 | $20.26 | $20.42 | $0.47 | -0.80% |
| 3/13/2025 | $19.91 | $19.95 | $-0.20 | -0.22% |
| 3/12/2025 | $20.19 | $20.16 | $0.25 | 0.17% |
| 3/11/2025 | $19.90 | $19.91 | $0.11 | -0.03% |
| 3/10/2025 | $19.68 | $19.79 | $-0.04 | -0.57% |
| 3/07/2025 | $19.68 | $19.83 | $0.09 | -0.76% |
| 3/06/2025 | $19.70 | $19.74 | $-0.43 | -0.21% |
| 3/05/2025 | $20.13 | $20.17 | $-0.06 | -0.20% |
| 3/04/2025 | $20.17 | $20.23 | $-0.30 | -0.28% |
| 3/03/2025 | $20.40 | $20.53 | $-0.29 | -0.64% |
| 2/28/2025 | $20.80 | $20.82 | $0.43 | -0.12% |
| 2/27/2025 | $20.37 | $20.39 | $-0.28 | -0.10% |
| 2/26/2025 | $20.59 | $20.67 | $0.17 | -0.37% |
| 2/25/2025 | $20.40 | $20.49 | $-0.36 | -0.45% |
| 2/24/2025 | $20.80 | $20.85 | $-0.18 | -0.24% |
| 2/21/2025 | $21.04 | $21.03 | $-0.30 | 0.04% |
| 2/20/2025 | $21.31 | $21.34 | $-0.08 | -0.12% |
| 2/19/2025 | $21.35 | $21.42 | $-0.01 | -0.31% |
| 2/18/2025 | $21.32 | $21.43 | $0.25 | -0.50% |
| 2/14/2025 | $21.10 | $21.18 | $-0.01 | -0.36% |
| 2/13/2025 | $21.11 | $21.18 | $0.24 | -0.35% |
| 2/12/2025 | $20.81 | $20.94 | $-0.21 | -0.63% |
| 2/11/2025 | $21.05 | $21.16 | $-0.15 | -0.50% |
| 2/10/2025 | $21.26 | $21.31 | $0.20 | -0.21% |
| 2/07/2025 | $21.00 | $21.10 | $-0.03 | -0.48% |
| 2/06/2025 | $21.05 | $21.13 | $-0.30 | -0.40% |
| 2/05/2025 | $21.37 | $21.43 | $0.22 | -0.29% |
| 2/04/2025 | $21.21 | $21.21 | $0.02 | -0.01% |
| 2/03/2025 | $21.11 | $21.19 | $0.20 | -0.38% |
| 1/31/2025 | $20.94 | $20.99 | $-0.47 | -0.25% |
| 1/30/2025 | $21.29 | $21.46 | $0.30 | -0.79% |
| 1/29/2025 | $21.09 | $21.16 | $0.09 | -0.33% |
| 1/28/2025 | $21.03 | $21.07 | $0.18 | -0.17% |
| 1/27/2025 | $20.79 | $20.89 | $-1.07 | -0.46% |
| 1/24/2025 | $21.90 | $21.96 | $-0.02 | -0.26% |
| 1/23/2025 | $21.94 | $21.98 | $0.06 | -0.16% |
| 1/22/2025 | $21.86 | $21.91 | $-0.34 | -0.21% |
| 1/21/2025 | $22.17 | $22.25 | $0.32 | -0.38% |
| 1/17/2025 | $21.85 | $21.94 | $0.10 | -0.40% |
| 1/16/2025 | $21.70 | $21.83 | $0.34 | -0.61% |
| 1/15/2025 | $21.46 | $21.49 | $0.19 | -0.14% |
| 1/14/2025 | $21.22 | $21.30 | $0.44 | -0.36% |
| 1/13/2025 | $20.74 | $20.86 | $0.08 | -0.56% |
| 1/10/2025 | $20.67 | $20.78 | $-0.02 | -0.53% |
| 1/09/2025 | $20.71 | $20.80 | $0.00 | -0.44% |
| 1/08/2025 | $20.71 | $20.80 | $0.17 | -0.44% |
| 1/07/2025 | $20.51 | $20.63 | $-0.01 | -0.59% |
| 1/06/2025 | $20.53 | $20.64 | $-0.03 | -0.54% |
| 1/03/2025 | $20.57 | $20.67 | $0.16 | -0.48% |
| 1/02/2025 | $20.40 | $20.51 | $0.35 | -0.52% |
| 12/31/2024 | $20.07 | $20.16 | $0.00 | -0.45% |
| 12/30/2024 | $20.08 | $20.16 | $0.10 | -0.38% |
| 12/27/2024 | $19.95 | $20.05 | $-0.03 | -0.51% |
| 12/26/2024 | $20.02 | $20.08 | $-0.19 | -0.30% |
| 12/24/2024 | $20.21 | $20.27 | $0.21 | -0.28% |
| 12/23/2024 | $20.00 | $20.05 | $0.15 | -0.27% |
| 12/20/2024 | $19.73 | $19.91 | $0.21 | -0.89% |
As an actively managed total return solution, TPZ strives to uncover high quality opportunities and capture growth potential in the energy sector.
Fund Stats as of 3/27/2025:
Market Price
$20.65
NAV
$20.71
Premium/Discount
-0.28%
NAV Change
$-0.28
Market Price Change Dollars
$-0.31
Symbol
TPZ
Listing Exchange
NYSE
Inception Date
12/23/2024
Total Market Value
$168,105,434.35
Shares Outstanding
8140699.000
Management Fee
0.85%
Total Expenses
0.85%
TPZ
The Tortoise Essential Energy Fund seeks to provide a high level of current income and access to U.S. power and energy infrastructure.
TPZ offers a number of potential advantages:
Broad energy universe
The Fund taps into a wide moat within the energy value chain, seeking to differentiate itself from other solutions.
Focus on providing consistent income
Designed to generate a steady monthly income stream, TPZ is managed to capture the best income opportunities within energy through its fixed income and option overlays.
Strategically positioned for all markets
With a flexible allocation based on the market environment, TPZ can go offensive or defensive, pivoting dynamically across equities, bonds, and master limited partnerships (MLPs). It seeks to balance growth and capture downside protection over full market cycles.
Right Time, Place, Product, Manager: TPZ Active ETF
Fund Details
As of 3/27/2025
Net Assets
$168,582,826.12
Investment Objective
High level of current income
Fiscal Year End
November 30
Structure
Regulated investment company (RIC)
Why choose an active ETF
An increasing number of active exchange-traded funds (ETFs) are entering the marketplace, providing access to a variety of investment strategies. Investors are recognizing the advantages of this appealing investment structure. In fact, according to Morningstar, active ETFs took in roughly $190 billion in assets in the first nine months of 2024.1 YCharts reported flows into active ETFs accounted for almost a quarter of all ETF flows for the third quarter of 2024.2
Active ETFs can provide attractive benefits due to their structure and hands-on portfolio management:
- Access to focused sector expertise
- Expanded trading flexibility
- Lower trading and operating costs
- Greater tax efficiency
- Return potential beyond that of passive products
1Morningstar, 2024 Has Been a Breakout Year for Active ETFs, Stephen Welch, October 11, 2024
2YCharts, A Closer Look at Q3 2024 Fund Flows: Key Trends in Active ETFs and ETF Launches,
November 1, 2024
Nothing in this article should be considered a solicitation to buy or an offer to sell any shares of the portfolio in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Nothing contained in this communication constitutes tax, legal or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.
Daily Fund Holdings *
33 total, 3/28/2025
| Security Name | Stock Ticker | CUSIP | Shares | Market Value | Weight |
|---|---|---|---|---|---|
| MPLX LP | MPLX | 55336V100 | 242512.000000 | $13,018,044.16 | 7.72% |
| Targa Resources Corp | TRGP | 87612G101 | 63226.000000 | $12,582,606.26 | 7.46% |
| Energy Transfer LP | ET | 29273V100 | 640275.000000 | $12,088,392 | 7.17% |
| ONEOK Inc | OKE | 682680103 | 111073.000000 | $10,960,683.64 | 6.50% |
| Hess Midstream LP | HESM | 428103105 | 204866.000000 | $8,680,172.42 | 5.15% |
| Williams Cos Inc/The | WMB | 969457100 | 144698.000000 | $8,599,402.14 | 5.10% |
| Enterprise Products Partners LP | EPD | 293792107 | 250821.000000 | $8,515,372.95 | 5.05% |
| TC Energy Corp | TRP | 87807B107 | 175513.000000 | $8,472,012.51 | 5.03% |
| Cheniere Energy Inc | LNG | 16411R208 | 37100.000000 | $8,413,909 | 4.99% |
| Plains GP Holdings LP | PAGP | 72651A207 | 386749.000000 | $8,299,633.54 | 4.92% |
| Enbridge Inc | ENB | 29250N105 | 185079.000000 | $8,210,104.44 | 4.87% |
| Kinder Morgan Inc | KMI | 49456B101 | 284641.000000 | $8,035,415.43 | 4.77% |
| Sempra | SRE | 816851109 | 87507.000000 | $6,130,740.42 | 3.64% |
| Clearway Energy Inc | CWEN | 18539C204 | 159145.000000 | $4,785,490.15 | 2.84% |
| Western Midstream Partners LP | WES | 958669103 | 107460.000000 | $4,411,233 | 2.62% |
| DT Midstream Inc | DTM | 23345M107 | 42818.000000 | $4,152,489.64 | 2.46% |
| Constellation Energy Corp | CEG | 21037T109 | 18872.000000 | $3,948,022.40 | 2.34% |
| Vistra Corp | VST | 92840M102 | 30151.000000 | $3,597,315.81 | 2.13% |
| New Fortress Energy Inc 6.5% 09/30/2026 | 644393AB6 | 644393AB6 | 3796000.000000 | $3,404,453.23 | 2.02% |
| Kodiak Gas Services LLC 7.25% 02/15/2029 | 50012LAC8 | 50012LAC8 | 3116800.000000 | $3,190,789.72 | 1.89% |
| Antero Midstream Partners LP / Antero Midstream Finance Corp 5.75% 03/01/2027 | 03690AAD8 | 03690AAD8 | 2955600.000000 | $2,949,489.59 | 1.75% |
| Venture Global LNG Inc 9.875% 02/01/2032 | 92332YAD3 | 92332YAD3 | 2739600.000000 | $2,909,288.08 | 1.73% |
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp 5.5% 01/15/2028 | 87470LAD3 | 87470LAD3 | 2510600.000000 | $2,450,889.65 | 1.45% |
| NGPL PipeCo LLC 3.25% 07/15/2031 | 62928CAA0 | 62928CAA0 | 2739600.000000 | $2,385,907.97 | 1.42% |
| Blue Racer Midstream LLC / Blue Racer Finance Corp 6.625% 07/15/2026 | 095796AE8 | 095796AE8 | 2298600.000000 | $2,297,185.44 | 1.36% |
| First American Government Obligations Fund 12/01/2031 | FGXXX | 31846V336 | 2151631.990000 | $2,151,631.99 | 1.28% |
| Vistra Operations Co LLC 7.75% 10/15/2031 | 92840VAP7 | 92840VAP7 | 1313000.000000 | $1,374,405.07 | 0.82% |
| Buckeye Partners LP 5.85% 11/15/2043 | 118230AM3 | 118230AM3 | 1550000.000000 | $1,387,734.22 | 0.82% |
| NextEra Energy Capital Holdings Inc 4.8% 12/01/2077 | 65339KAV2 | 65339KAV2 | 794400.000000 | $760,093.12 | 0.45% |
| Cash & Other | Cash&Other | Cash&Other | -657982.130000 | $-657,982.13 | -0.39% |
| Venture Global Inc | VG | 92333F101 | 52833.000000 | $562,671.45 | 0.33% |
| XPLR Infrastructure LP | XIFR | 65341B106 | 52632.000000 | $511,583.04 | 0.30% |
| CEG 04/17/2025 270 C | 2CEG 250417C00270000 | 2CEG 250417C00270000 | -188.000000 | $-3,514.98 | 0.00% |
| Weight Total | 100% |
|---|
*Holdings are subject to change and should not be considered a recommendation to buy or sell any security.
All weights calculated using U.S. dollars based on the latest closing exchange rate.
Portfolio
As of 2/28/2025
Total Return
| Class/Name | QTD | Calendar YTD | 1 Year | 3 Year | 5 year | 10 Year | Since Inception 1 |
|---|---|---|---|---|---|---|---|
| Market Price | 12.12% | 53.76% | 53.76% | 23.84% | 12.02% | 5.50% | 7.84% |
| NAV | 8.99% | 31.72% | 31.72% | 17.90% | 8.53% | 3.71% | 7.47% |
| S&P 500 Energy Index | -2.44% | 5.72% | 5.72% | 20.00% | 12.12% | 4.90% | 6.86% |
| Class/Name | Calendar YTD | 1 Year | 3 Year | 5 year | 10 Year | Since Inception 2 |
|---|---|---|---|---|---|---|
| Market Price | 4.31% | 52.16% | 23.74% | 15.86% | 5.59% | 8.05% |
| NAV | 3.96% | 30.89% | 17.46% | 12.63% | 3.96% | 7.66% |
| S&P 500 Energy Index | 6.12% | 9.05% | 12.87% | 19.88% | 5.63% | 7.20% |
On December 5, 2024, the stockholders of Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc. and Tortoise Power and Energy Infrastructure Fund, Inc., each a Maryland corporation that is registered as a closed-end management investment company (the “Target Funds”), approved an Agreement and Plan of Merger (the “Plan”) by and between the Target Funds, and the Trust, on behalf of the Fund, pursuant to which each Target Fund would be merged with and into a wholly-owned subsidiary of the Fund (the “Mergers”). As a result of the Mergers, the Fund has assumed the performance history of Tortoise Power and Energy Infrastructure Fund, Inc. (“TPZ” or the “Predecessor Fund”).
Past performance is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns less than one year are not annualized. NAV prices are used to calculate market price performance prior to the date when the fund first traded on the New York Stock Exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. For the fund’s most recent month end performance, please call (855) 994-4437.
As stated in the Prospectus, the total annual operating expenses are 0.85%. The adviser has agreed to pay all expenses incurred by the fund except for the advisory fee, interest, taxes, brokerage expenses and other fees, charges, taxes, levies or expenses (such as stamp taxes) incurred in connection with the execution of portfolio transactions or in connection with creation and redemption transactions.
Index returns are for illustrative purposes only. Unlike the fund return, index return is pre-expenses and taxes. Index performance returns do not reflect any management fees, transaction costs or expenses.
Premium/(Discount)
Period from fund inception (7/28/2009) through 12/31/2024.
Period from fund inception (7/28/2009) through 2/28/2025.
Note: For periods over one year, performance reflected is for the average annual returns.
The S&P 500® Index is an unmanaged, market-value weighted index of stocks that is widely regarded as the standard for measuring large-cap U.S. stock market performance. The S&P 500® Energy Index comprises those companies included in the S&P 500 that are classified as members of the GICS® energy sector.
Price/NAV History
| Date | Market Price | NAV | NAV Change | Premium/Discount |
|---|---|---|---|---|
| 3/27/2025 | $20.65 | $20.71 | $-0.28 | -0.28% |
| 3/26/2025 | $20.96 | $20.99 | $-0.10 | -0.12% |
| 3/25/2025 | $21.00 | $21.09 | $-0.04 | -0.41% |
| 3/24/2025 | $21.11 | $21.13 | $0.31 | -0.09% |
| 3/21/2025 | $20.78 | $20.82 | $-0.17 | -0.19% |
| 3/20/2025 | $20.92 | $20.99 | $0.08 | -0.32% |
| 3/19/2025 | $20.85 | $20.91 | $0.24 | -0.27% |
| 3/18/2025 | $20.62 | $20.67 | $-0.09 | -0.22% |
| 3/17/2025 | $20.64 | $20.76 | $0.34 | -0.58% |
| 3/14/2025 | $20.26 | $20.42 | $0.47 | -0.80% |
| 3/13/2025 | $19.91 | $19.95 | $-0.20 | -0.22% |
| 3/12/2025 | $20.19 | $20.16 | $0.25 | 0.17% |
| 3/11/2025 | $19.90 | $19.91 | $0.11 | -0.03% |
| 3/10/2025 | $19.68 | $19.79 | $-0.04 | -0.57% |
| 3/07/2025 | $19.68 | $19.83 | $0.09 | -0.76% |
| 3/06/2025 | $19.70 | $19.74 | $-0.43 | -0.21% |
| 3/05/2025 | $20.13 | $20.17 | $-0.06 | -0.20% |
| 3/04/2025 | $20.17 | $20.23 | $-0.30 | -0.28% |
| 3/03/2025 | $20.40 | $20.53 | $-0.29 | -0.64% |
| 2/28/2025 | $20.80 | $20.82 | $0.43 | -0.12% |
| 2/27/2025 | $20.37 | $20.39 | $-0.28 | -0.10% |
| 2/26/2025 | $20.59 | $20.67 | $0.17 | -0.37% |
| 2/25/2025 | $20.40 | $20.49 | $-0.36 | -0.45% |
| 2/24/2025 | $20.80 | $20.85 | $-0.18 | -0.24% |
| 2/21/2025 | $21.04 | $21.03 | $-0.30 | 0.04% |
| 2/20/2025 | $21.31 | $21.34 | $-0.08 | -0.12% |
| 2/19/2025 | $21.35 | $21.42 | $-0.01 | -0.31% |
| 2/18/2025 | $21.32 | $21.43 | $0.25 | -0.50% |
| 2/14/2025 | $21.10 | $21.18 | $-0.01 | -0.36% |
| 2/13/2025 | $21.11 | $21.18 | $0.24 | -0.35% |
| 2/12/2025 | $20.81 | $20.94 | $-0.21 | -0.63% |
| 2/11/2025 | $21.05 | $21.16 | $-0.15 | -0.50% |
| 2/10/2025 | $21.26 | $21.31 | $0.20 | -0.21% |
| 2/07/2025 | $21.00 | $21.10 | $-0.03 | -0.48% |
| 2/06/2025 | $21.05 | $21.13 | $-0.30 | -0.40% |
| 2/05/2025 | $21.37 | $21.43 | $0.22 | -0.29% |
| 2/04/2025 | $21.21 | $21.21 | $0.02 | -0.01% |
| 2/03/2025 | $21.11 | $21.19 | $0.20 | -0.38% |
| 1/31/2025 | $20.94 | $20.99 | $-0.47 | -0.25% |
| 1/30/2025 | $21.29 | $21.46 | $0.30 | -0.79% |
| 1/29/2025 | $21.09 | $21.16 | $0.09 | -0.33% |
| 1/28/2025 | $21.03 | $21.07 | $0.18 | -0.17% |
| 1/27/2025 | $20.79 | $20.89 | $-1.07 | -0.46% |
| 1/24/2025 | $21.90 | $21.96 | $-0.02 | -0.26% |
| 1/23/2025 | $21.94 | $21.98 | $0.06 | -0.16% |
| 1/22/2025 | $21.86 | $21.91 | $-0.34 | -0.21% |
| 1/21/2025 | $22.17 | $22.25 | $0.32 | -0.38% |
| 1/17/2025 | $21.85 | $21.94 | $0.10 | -0.40% |
| 1/16/2025 | $21.70 | $21.83 | $0.34 | -0.61% |
| 1/15/2025 | $21.46 | $21.49 | $0.19 | -0.14% |
| 1/14/2025 | $21.22 | $21.30 | $0.44 | -0.36% |
| 1/13/2025 | $20.74 | $20.86 | $0.08 | -0.56% |
| 1/10/2025 | $20.67 | $20.78 | $-0.02 | -0.53% |
| 1/09/2025 | $20.71 | $20.80 | $0.00 | -0.44% |
| 1/08/2025 | $20.71 | $20.80 | $0.17 | -0.44% |
| 1/07/2025 | $20.51 | $20.63 | $-0.01 | -0.59% |
| 1/06/2025 | $20.53 | $20.64 | $-0.03 | -0.54% |
| 1/03/2025 | $20.57 | $20.67 | $0.16 | -0.48% |
| 1/02/2025 | $20.40 | $20.51 | $0.35 | -0.52% |
| 12/31/2024 | $20.07 | $20.16 | $0.00 | -0.45% |
| 12/30/2024 | $20.08 | $20.16 | $0.10 | -0.38% |
| 12/27/2024 | $19.95 | $20.05 | $-0.03 | -0.51% |
| 12/26/2024 | $20.02 | $20.08 | $-0.19 | -0.30% |
| 12/24/2024 | $20.21 | $20.27 | $0.21 | -0.28% |
| 12/23/2024 | $20.00 | $20.05 | $0.15 | -0.27% |
| 12/20/2024 | $19.73 | $19.91 | $0.21 | -0.89% |
Performance data quoted represents past performance; past performance does not guarantee future results. Like any other stock, total return and market value will fluctuate so that an investment, when sold, may be worth more or less than its original cost. Due to market volatility, current performance may be lower or higher than the figures shown.
TPZ Distribution History
See Complete History Hide Complete History| Ticker | Ex-Date | Record Date | Payment Date | Amount | |||||
|---|---|---|---|---|---|---|---|---|---|
| TPZ | 12/31/2025 | 12/31/2025 | 1/2/2026 | TBD | |||||
| TPZ | 11/25/2025 | 11/25/2025 | 11/26/2025 | TBD | |||||
| TPZ | 10/23/2025 | 10/23/2025 | 10/24/2025 | TBD | |||||
| TPZ | 9/25/2025 | 9/25/2025 | 9/26/2025 | TBD | |||||
| TPZ | 8/21/2025 | 8/21/2025 | 8/22/2025 | TBD | |||||
| TPZ | 7/24/2025 | 7/24/2025 | 7/25/2025 | TBD | |||||
| TPZ | 6/26/2025 | 6/26/2025 | 6/27/2025 | TBD | |||||
| TPZ | 5/22/2025 | 5/22/2025 | 5/23/2025 | TBD | |||||
| TPZ | 4/24/2025 | 4/24/2025 | 4/25/2025 | TBD | |||||
| TPZ | 3/27/2025 | 3/27/2025 | 3/28/2025 | 0.0678 | |||||
| TPZ | 2/27/2025 | 2/27/2025 | 2/28/2025 | $0.0678 | |||||
| TPZ | 01/30/2025 | 01/30/2025 | 1/31/2025 | $0.0678 | |||||
| 2025 Total: | $0.2034 | ||||||||
| 2025 Total: $0.203 | |||||||||
| TPZ | 12/31/2024 | 12/31/2024 | 1/2/2025* | $0.0252 | |||||
| 2024 Total: | $0.0252 | ||||||||
| 2024 Total: $0.025 | |||||||||
*The December distribution reflects a partial period due to the fund's intra-month conversion date.
Section 19(a) Notifications
A portion of the distribution includes a return of capital to the investor. For additional information, please see the Section 19(a) notice.
Tortoise Essential Energy Fund TPZ
Tax information for this fund is not currently available.
Historical TPZ information: Tax Information | Distributions | Reports & Literature
Historical TTP information: Tax Information | Distributions | Reports & Literature
Historical NDP information: Tax Information | Distributions | Reports & Literature