Education
About Us
Working with TipRanks
Follow Us
TMLP - ETF AI Analysis
Top Page
Tortoise MLP ETF (TMLP)
Rating:61Neutral
Price Target:―
Positive Factors
Strong Top MLP Holdings
Most of the largest positions in the fund have shown strong or steady gains this year, helping support overall performance.
Focused Midstream Energy Exposure
The ETF concentrates on energy infrastructure and pipeline companies, giving investors targeted access to a specific income-oriented corner of the energy market.
Moderate Expense Ratio for a Niche Strategy
The fund’s fee is reasonable for a specialized MLP-focused ETF, so less of the return is eaten up by costs compared with many niche products.
Negative Factors
High Sector Concentration in Energy
With most assets in the energy sector, the fund is heavily exposed to swings in energy prices and regulatory changes affecting that industry.
Top Holdings Are Relatively Concentrated
A small group of midstream companies makes up a large share of the portfolio, increasing the impact if any of these names run into trouble.
Limited Geographic Diversification
The ETF is invested mainly in U.S. energy companies with only a small allocation to Canada, offering little protection if North American energy markets weaken.
TMLP vs. SPDR S&P 500 ETF (SPY)
AUM39.05M
RegionNorth America
Expense Ratio0.50%
Beta-0.92
IssuerTortoise
Inception DateDec 23, 2025
Dividend Yield0.04%
Asset ClassEquity
Index TrackedTortoise MLP Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume5,504
30 Day Avg. Volume5,825
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
28.04Price Target Upside― Downside
Rating ConsensusHold
Number of Analyst Covering21
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
TMLP Summary
Tortoise MLP ETF (TMLP) is an energy-focused fund that follows the Tortoise MLP Index, investing mainly in U.S. and Canadian energy infrastructure partnerships (MLPs). These companies own and operate pipelines and storage facilities that move oil and gas, including well-known names like Energy Transfer and Enterprise Products Partners. Investors might consider TMLP for its potential income from regular distributions and for targeted exposure to the energy infrastructure theme. However, it is heavily concentrated in the energy sector, so its value can swing with energy prices and broader market conditions.
How much will it cost me?This ETF has an expense ratio of 0.50%, which means you’ll pay about $5 per year for every $1,000 you invest. That’s higher than the cost of a typical broad, passively managed index ETF because this fund focuses on a specialized niche (energy MLPs) and uses a more complex strategy to track its index.
What would affect this ETF?This ETF is heavily tied to U.S. energy infrastructure MLPs like Plains All American, Energy Transfer, and Enterprise Products Partners, so it could benefit if oil and gas demand stays strong, new pipelines and export facilities are built, and interest rates fall, making its income stream more attractive. On the other hand, it could be hurt by stricter energy and tax regulations on MLPs, a shift toward cleaner energy that reduces long‑term fossil fuel use, or higher interest rates that make its income less appealing compared with safer alternatives.
TMLP Top 10 Holdings
TMLP is essentially a bet on U.S. energy infrastructure, with the fund heavily anchored in midstream MLPs like Plains All American, Western Midstream, MPLX, and Energy Transfer. These names have been steadily rising, acting as the main engines pulling the ETF higher as investors reward stable cash flows and rich payouts. Enterprise Products and Hess Midstream are more in the “slow and steady” camp, providing ballast rather than fireworks. On the weaker side, Williams and Cheniere look a bit sluggish, occasionally putting a drag on momentum, but the overall story remains a concentrated, North America–focused midstream rebound.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Plains All American | 8.03% | $3.13M | $13.95B | -0.10% | 79 Outperform | |
| Enterprise Products Partners | 7.77% | $3.03M | $76.62B | 5.92% | 73 Outperform | |
| Western Midstream Partners | 7.64% | $2.98M | $17.28B | 4.36% | 80 Outperform | |
| Energy Transfer | 7.60% | $2.97M | $62.69B | -8.65% | 70 Outperform | |
| MPLX | 7.46% | $2.91M | $56.09B | 2.45% | 81 Outperform | |
| Hess Midstream Partners | 5.86% | $2.29M | $7.45B | -10.08% | 77 Outperform | |
| Williams Co | 5.84% | $2.28M | $86.87B | 24.83% | 76 Outperform | |
| Cheniere Energy Partners | 5.19% | $2.03M | $27.72B | -7.14% | 61 Neutral | |
| Targa Resources | 5.12% | $2.00M | $46.85B | 6.28% | 74 Outperform | |
| Sunoco | 4.98% | $1.94M | $9.01B | 3.19% | 72 Outperform |
TMLP Technical Analysis
Positive
―
Price Trends
Market Momentum
0.63
Negative
78.39
Negative
92.67
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For TMLP, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 26.69, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 0.63 indicates Negative momentum. The RSI at 78.39 is Negative, neither overbought nor oversold. The STOCH value of 92.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TMLP.
TMLP Peer Comparison
Comparison Results
Performance Comparison
TMLP
Tortoise MLP ETF
27.68
2.53
10.06%
PSCE
Invesco S&P SmallCap Energy ETF
―
―
―
USAI
Pacer American Energy Independence ETF
―
―
―
PXE
Invesco Dynamic Energy Exploration & Production ETF
―
―
―
PXJ
Invesco Dynamic Oil & Gas Services ETF
―
―
―
PXI
Invesco DWA Energy Momentum ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
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.Date of analysis: ―
Table of Contents