TPYP - ETF AI Analysis

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Tortoise North American Pipeline Fund (TPYP)

Rating:71Outperform

Price Target:―

TPYP’s rating suggests it is a solid but not top-tier option for investors seeking exposure to North American pipeline and energy infrastructure. Strong holdings like Oneok, with its effective cost management, revenue growth, and attractive dividend, and Williams Co, supported by positive earnings and favorable technical trends, help lift the fund’s quality. However, several other major holdings such as Kinder Morgan and Enbridge face bearish or cautious technical signals and leverage or valuation concerns, and the fund’s heavy focus on a single sector (pipelines/energy infrastructure) is a key risk if conditions in that industry weaken.

Positive Factors

Solid Recent Performance

The ETF has delivered steady gains so far this year and in recent months, showing positive momentum in its pipeline-focused strategy.

Strong Top Holdings Mix

Several of the largest positions, such as Cheniere Energy, Energy Transfer, and Nisource, have shown strong year-to-date performance, helping support the fund’s overall returns.

Targeted North American Exposure

The fund focuses on U.S. and Canadian pipeline companies, giving investors concentrated access to a key part of the North American energy infrastructure market.

Negative Factors

High Sector Concentration in Energy

With the vast majority of assets in the energy sector, the ETF is heavily exposed to swings in energy prices and industry-specific risks.

Meaningful Weight in Lagging Holdings

Some major positions like TC Energy and Enbridge have shown weak year-to-date performance, which can drag on the fund if this trend continues.

Moderate Expense Ratio

The fund’s expense ratio is not especially low, so fees may take a noticeable bite out of returns compared with the cheapest ETFs on the market.

TPYP vs. SPDR S&P 500 ETF (SPY)

AUM746.15M

RegionNorth America

Expense Ratio0.40%

Beta0.44

IssuerTortoise

Inception DateJun 30, 2015

Dividend Yield3.66%

Asset ClassEquity

Index TrackedTortoise North American Pipeline Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume42,407

30 Day Avg. Volume40,618

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

40.91

Price Target Upside― Downside

Rating ConsensusModerate Buy

Number of Analyst Covering45

EPS Forecast (FY)N/A

Revenue Forecast (FY)N/A

TPYP Summary

TPYP is an ETF that follows the Tortoise North American Pipeline Index, focusing on companies that own and operate oil and natural gas pipelines and related energy infrastructure in the U.S. and Canada. It holds well-known names like Kinder Morgan and Enbridge, giving investors a simple way to invest in the “toll roads” of the energy world, which can offer income and potential long-term growth as energy continues to be used and transported. However, this fund 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?The Tortoise North American Pipeline Fund (TPYP) has an expense ratio of 0.40%, meaning you’ll pay $4 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is a specialized fund focusing on energy infrastructure, which requires more active management compared to broad index funds. It’s a reasonable cost for targeted exposure to the midstream energy sector.

What would affect this ETF?TPYP could benefit from rising energy demand and infrastructure investments in North America, as well as favorable regulatory policies supporting pipeline development. However, it may face challenges from fluctuating oil and gas prices, stricter environmental regulations, or reduced energy consumption trends. Its focus on major pipeline companies and MLPs provides stability but exposes it to sector-specific risks.

TPYP Top 10 Holdings

TPYP is essentially a bet on North American energy pipelines, with a heavy tilt toward U.S. midstream names. Kinder Morgan, Williams, and Oneok are doing much of the heavy lifting, with their stocks generally rising on solid earnings and dependable dividends. Energy Transfer and Targa Resources add extra spark, recently showing stronger momentum that helps push the fund forward. On the flip side, Enbridge and TC Energy have been more mixed, occasionally losing steam and acting as a mild drag. Overall, this is a concentrated energy infrastructure play, not a broad market sampler.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
KMI	Kinder Morgan	7.89%	$59.43M	$67.83B	10.95%	68 Neutral
WMB	Williams Co	7.71%	$58.08M	$82.14B	21.34%	76 Outperform
TRP	TC Energy	7.65%	$57.61M	C$83.08B	30.23%	70 Outperform
LNG	Cheniere Energy	7.35%	$55.37M	$45.53B	-5.42%	71 Outperform
ENB	Enbridge	7.24%	$54.53M	$106.42B	12.95%	69 Neutral
OKE	Oneok	6.71%	$50.56M	$49.83B	-18.50%	82 Outperform
ET	Energy Transfer	4.17%	$31.40M	$63.35B	-9.91%	70 Outperform
TRGP	Targa Resources	4.07%	$30.61M	$43.14B	2.12%	74 Outperform
NI	Nisource	4.00%	$30.11M	$21.13B	18.74%	64 Neutral
PPL	Pembina Pipeline	3.98%	$29.95M	C$32.88B	15.15%	70 Outperform

TPYP Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

35.74

Positive

100DMA

35.54

Positive

200DMA

35.15

Positive

Market Momentum

MACD

0.60

Negative

RSI

75.22

Negative

STOCH

86.65

Negative

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 undefined is equal to the 20-day moving average (MA) of 36.05, equal to the 50-day MA of 35.74, and equal to the 200-day MA of 35.15, indicating a bullish trend. The MACD of 0.60 indicates Negative momentum. The RSI at 75.22 is Negative, neither overbought nor oversold. The STOCH value of 86.65 is Negative, 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	―	―	$746.15M	0.40%	―
RSPG	―	―	$523.92M	0.40%	―
FCG	―	―	$506.13M	0.57%	―
IEO	―	―	$458.19M	0.38%	―
ENFR	―	―	$356.37M	0.35%	―
XES	―	―	$348.52M	0.35%	―

Performance Comparison

TPYP

Tortoise North American Pipeline Fund

37.80

3.30

9.57%

RSPG

Invesco S&P 500 Equal Weight Energy ETF

―

FCG

First Trust Natural Gas ETF

―

IEO

iShares U.S. Oil & Gas Exploration & Production ETF

―

ENFR

Alerian Energy Infrastructure ETF

―

XES

SPDR S&P Oil & Gas Equipment & Services 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: ―

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