Tortoise North American Pipeline Fund

Frequently Asked Questions About TPYP

What does TPYP invest in?

The fund will normally invest at least 80% of its total assets in securities that comprise the underlying index (or depository receipts based on such securities). The underlying index is a proprietary rules-based, capitalization weighted, float adjusted index designed to track the overall performance of equity securities of North American Pipeline Companies. The fund is non-diversified.

What is the expense ratio of TPYP?

Tortoise North American Pipeline Fund (TPYP) charges an expense ratio of 0.40%. This is the annual fee deducted from fund assets to cover management and operations.

How big is TPYP?

Tortoise North American Pipeline Fund (TPYP) manages $685.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TPYP actively managed or an index fund?

TPYP's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was TPYP launched?

Tortoise North American Pipeline Fund (TPYP) launched in June 2015 and is managed by Tortoise.

How has TPYP performed?

TPYP's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.