Tortoise
North American Pipeline Fund (NYSE Arca: TPYP)

The Tortoise North American Pipeline Fund uses a passive management approach and seeks to track the total return performance of the Tortoise North American Pipeline IndexSM.

TPYP key benefits

  • Access to the sizable pipeline network of one of the world’s largest consumers of energy
  • Attractive total return potential in a historically defensive sector
  • Flow-through structure allows for tax-efficient access to the pipeline sector
  • Exposure to Tortoise North American Pipeline IndexSM
    • Effectively represents the characteristics of the market
    • A leading benchmark for analysis of the pipeline sector
    • Proprietary, research-driven and rules-based methodology
    • Constituent caps to allow for broader representation of the market and investability

 

Potential advantages for investors

  • One 1099, no K-1s
  • No unrelated business taxable income (UBTI)
  • No leverage
  • Continuous liquidity

Fund Details

Total net assets $124.397M
Investment objective Total Return
Fiscal year end November 30
Structure Regulated Investment Company (RIC)
 
TPYP
Fund Stats as of 05/21/2018
Symbol TPYP
Listing Exchange NYSE Arca
CUSIP 56167N720
Inception Date 6/30/2015
Market Price1 $22.85
NAV $22.83
NAV Change  $0.08
Premium/(Discount) 0.11%
Price Change  $0.08
Total Net Assets $124.4M
Total Market Value $124.53M
Shares Outstanding 5.45M
Management Fee 0.40%
Total Expenses 0.40%

1Reflects real-time price when available. Quotes are delayed at least 15 minutes. All information provided “as is” for informational purposes only, not intended for trading purposes or advice.

Fund Resources
Quarterly Fact Sheet  
Section 19(a) Notifications
Tax Information
Fund documents