Tortoise North American Pipeline Fund
TPYP - ETF AI Analysis
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Tortoise North American Pipeline Fund (TPYP)
TPYP, the Tortoise North American Pipeline Fund, has a solid overall rating driven mainly by strong, well-established pipeline operators like Oneok, Targa Resources, and Williams, which show healthy financial performance, growth initiatives, and supportive technical trends, along with attractive dividends. Some holdings such as Nisource and Atmos Energy add stability but are held back by leverage, liquidity, and technical weaknesses, and the fund’s focus on North American pipeline and energy infrastructure means investors face sector concentration risk if conditions in this industry weaken.
TPYP vs. SPDR S&P 500 ETF (SPY)
- AUM
- 864.78M
- Region
- North America
- Expense Ratio
- 0.40%
- Beta
- 0.18
- Issuer
- Tortoise
- Inception Date
- Jun 30, 2015
- Dividend Yield
- 3.23%
- Asset Class
- Equity
- Index Tracked
- Tortoise North American Pipeline Index
TPYP Summary
TPYP, the Tortoise North American Pipeline Fund, is an ETF that follows the Tortoise North American Pipeline Index, focusing on companies that move and store oil and natural gas across the U.S. and Canada. It holds well-known energy infrastructure firms like Kinder Morgan and Enbridge, giving investors a way to invest in the “pipes and storage” side of the energy world rather than oil drilling itself. People might consider TPYP for diversification and potential income from energy-related businesses. A key risk is that it is heavily tied to the energy sector, so its value can rise or fall with energy prices and industry conditions.
How much will it cost me?
This ETF has an expense ratio of 0.40%, which means you’ll pay about $4 per year for every $1,000 invested. That’s a bit higher than the average low-cost index ETF because it focuses on a specialized, energy infrastructure and MLP sector, which typically costs more to manage.
What would affect this ETF?
TPYP could benefit if North American oil and natural gas demand stays strong, supporting pipeline usage and cash flows for major holdings like Kinder Morgan, Enbridge, and Cheniere Energy, and if energy-friendly regulations and stable interest rates make income-focused infrastructure more attractive. On the downside, weaker energy prices, stricter environmental rules, or higher interest rates that pressure dividend-paying sectors could hurt the fund, and its heavy concentration in U.S. energy and utilities means it is sensitive to domestic economic slowdowns and policy changes.
TPYP Top 10 Holdings
TPYP is essentially a bet on North American pipelines, with a heavy tilt toward U.S. midstream energy names. Targa Resources and Cheniere Energy have been rising steadily and look like key engines of performance, while Kinder Morgan, Williams, and Oneok are also pulling their weight with solid, if less dramatic, gains. On the flip side, Enbridge and TC Energy have seen more mixed, sometimes lagging action, acting as a brake on the fund’s momentum. A sprinkling of gas utilities like Nisource and Atmos adds stability, but this ETF is firmly an energy infrastructure story.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 TSE:TRP | TC Energy | 7.76% | $67.95M | CAD 93.76B | 22.16% | 70Outperform |
 ENB | Enbridge | ― | ― | ― | ― | 69Neutral |
 LNG | Cheniere Energy | 7.93% | $69.44M | $59.93B | 43.64% | 71Outperform |
 KMI | Kinder Morgan | 7.60% | $66.55M | $69.48B | 17.26% | 68Neutral |
 TRGP | Targa Resources | 7.49% | $65.58M | $60.36B | 68.44% | 74Outperform |
 OKE | Oneok | 6.85% | $59.97M | $55.08B | 27.62% | 82Outperform |
 WMB | Williams Co | 6.96% | $60.98M | $84.34B | 13.73% | 76Outperform |
 NI | Nisource | 4.50% | $39.38M | $21.72B | 3.66% | 64Neutral |
 ATO | Atmos Energy | 4.35% | $38.14M | $29.64B | -1.68% | 66Neutral |
 PBA | Pembina Pipeline | ― | ― | ― | ― | 70Outperform |
TPYP Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TPYP, the sentiment is Positive. The current price of 42.32 is below the 20-day moving average (MA) of 42.43, above the 50-day MA of 41.97, and above the 200-day MA of 41.55, indicating a neutral trend. The MACD of -0.06 indicates Positive momentum. The RSI at 51.40 is Neutral, neither overbought nor oversold. The STOCH value of 32.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TPYP.
TPYP Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| TPYP | $42.32 | $45.00(6.33% Upside) | $864.78M | 0.40% | 70Neutral |
 IEO | $135.27 | $164.12(21.33% Upside) | $823.95M | 0.37% | 72Outperform |
 FCG | $29.03 | $36.40(25.38% Upside) | $609.24M | 0.59% | 71Outperform |
 RSPG | $110.05 | $132.69(20.57% Upside) | $590.51M | 0.40% | 74Outperform |
 ENFR | $37.93 | $44.43(17.15% Upside) | $515.59M | 0.35% | 68Neutral |
 FXN | $23.06 | $28.58(23.94% Upside) | $362.44M | 0.63% | 71Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TPYP | Tortoise North American Pipeline Fund | 42.32 | 8.16 | 23.88% | |
| IEO | iShares U.S. Oil & Gas Exploration & Production ETF | 135.27 | 44.16 | 48.48% | |
| FCG | First Trust Natural Gas ETF | 29.03 | 5.73 | 24.58% | |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 110.05 | 30.66 | 38.63% | |
| ENFR | Alerian Energy Infrastructure ETF | 37.93 | 8.27 | 27.87% | |
| FXN | First Trust Energy AlphaDEX Fund | 23.06 | 6.95 | 43.18% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.