TPYP - ETF AI Analysis

Top Page

Tortoise North American Pipeline Fund (TPYP)

Rating:70Outperform

Price Target:―

TPYP’s rating suggests it is a solid but not top-tier ETF, mainly supported by strong, diversified pipeline operators like Oneok, whose robust financial performance, growth initiatives, and attractive dividend help lift the fund’s quality. Other major holdings such as Williams, Cheniere Energy, and TC Energy also contribute positively through strong earnings and strategic projects, though common issues like high leverage, valuation concerns, and some bearish or cautious technical signals across several holdings, plus the fund’s concentration in North American energy infrastructure, limit the overall rating. A few names with revenue or cash flow challenges, such as Pembina Pipeline and Enbridge, also slightly hold back the fund’s overall strength.

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)

AUM847.89M

RegionNorth America

Expense Ratio0.40%

Beta0.42

IssuerTortoise

Inception DateJun 30, 2015

Dividend Yield3.28%

Asset ClassEquity

Index TrackedTortoise North American Pipeline Index

Share Statistics

EPS (TTM)N/A

Shares OutstandingN/A

10 Day Avg. Volume52,956

30 Day Avg. Volume48,424

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

43.14

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 riding a strong midstream energy wave, with Kinder Morgan, Williams, and Oneok doing much of the heavy lifting as their shares have been steadily rising on solid earnings and dependable dividends. Cheniere Energy adds a bit of higher-octane growth, though its choppier trading can make the ride bumpier. Canadian giants TC Energy and Enbridge are contributing, but their heavy debt loads keep them from really breaking away. Overall, this is a North America–focused pipeline play, heavily concentrated in U.S. energy infrastructure rather than a broad global mix.

Name	Company Name	Weight %	Market Value	Market Cap	Yearly Gain	Overall Rating
KMI	Kinder Morgan	7.85%	$66.55M	$74.71B	28.46%	68 Neutral
LNG	Cheniere Energy	7.76%	$65.78M	$53.63B	15.87%	71 Outperform
WMB	Williams Co	7.72%	$65.50M	$90.69B	36.52%	76 Outperform
TRP	TC Energy	7.42%	$62.93M	C$90.14B	38.88%	70 Outperform
ENB	Enbridge	7.14%	$60.51M	$117.96B	28.71%	69 Neutral
OKE	Oneok	6.59%	$55.86M	$54.75B	-2.95%	82 Outperform
TRGP	Targa Resources	4.34%	$36.82M	$50.99B	30.39%	74 Outperform
EPD	Enterprise Products Partners	3.86%	$32.72M	$81.22B	12.28%	73 Outperform
NI	Nisource	3.79%	$32.17M	$22.23B	20.68%	64 Neutral
ET	Energy Transfer	3.78%	$32.08M	$64.47B	7.33%	70 Outperform

TPYP Technical Analysis

Technical Analysis Sentiment

Positive

Last Price―

Price Trends

50DMA

38.04

Positive

100DMA

36.61

Positive

200DMA

35.86

Positive

Market Momentum

MACD

1.19

Negative

RSI

78.47

Negative

STOCH

79.91

Neutral

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 40.76, equal to the 50-day MA of 38.04, and equal to the 200-day MA of 35.86, indicating a bullish trend. The MACD of 1.19 indicates Negative momentum. The RSI at 78.47 is Negative, neither overbought nor oversold. The STOCH value of 79.91 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	―	―	$847.89M	0.40%	70 Outperform
FCG	―	―	$651.78M	0.57%	72 Outperform
RSPG	―	―	$560.54M	0.40%	74 Outperform
IEO	―	―	$546.50M	0.38%	73 Outperform
XES	―	―	$437.39M	0.35%	67 Neutral
ENFR	―	―	$408.81M	0.35%	70 Neutral

Performance Comparison

TPYP

Tortoise North American Pipeline Fund

42.09

8.50

25.31%

FCG

First Trust Natural Gas ETF

―

RSPG

Invesco S&P 500 Equal Weight Energy ETF

―

IEO

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

―

XES

SPDR S&P Oil & Gas Equipment & Services ETF

―

ENFR

Alerian Energy Infrastructure 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