Tortoise MLP ETF (TMLP): ETF
ETF traded on ARCX under symbol TMLP. Quoted in usd.
Tortoise MLP ETF
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.
Largest holdings
- TORTOISE MLP TOTAL RETURN INDEX SWAP GS-L97.77%
- United States Treasury Bill 12/03/202696.46%
- HESM Hess Midstream LP4.62%
- U.S. Bank Money Market Deposit Account 06/01/20312.18%
- Cash & Other-101.03%
30d
1.50K
60d
2.20K
90d
2.29K