Tortoise North American Pipeline ETF Delivers Strong Returns Amid Midstream Demand
The Tortoise North American Pipeline ETF (TPYP) offers investors exposure to US and Canadian midstream energy infrastructure, focusing on stable fee-based returns rather than commodity price volatility.
Over five years, TPYP has outperformed the S&P 500 Total Return Index, delivering a 20% total return compared to the market's 15%, with lower volatility than oil-linked ETFs.
The fund's portfolio is 76% US-listed and 59% natural gas pipelines, with top holdings concentrated in The Williams Companies. Its expense ratio of 0.40% is below the ETF median.
Geopolitical disruptions and increased US LNG exports are supporting robust midstream demand, contributing to TPYP's performance.