Key stats
About Tortoise Essential Energy Fund
Home page
Inception date
Dec 23, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tortoise Capital Advisors LLC
Distributor
Quasar Distributors LLC
TPZ invests in equity and fixed income securities, mainly in power and energy infrastructure companies that are expected to provide consistent income regardless of the economic cycle. The fund invests in companies that use long-lived assets for the generation, transmission, and distribution of electric power and oil & gas, as well as infrastructure for water treatment, waste management, electric and heating systems, and renewable and clean energy. Fixed income investments may be of any maturity, comprising up to 50% of the portfolio. The fund caps junk bonds to 25%, MLPs to 25%, and non-US issuers to 10%. In addition, the actively managed fund employs a covered call strategy against select equity positions at the advisers discretion. Starting with $313 million in assets, the ETF is the product of the merger of three closed-end funds: Tortoise Power and Energy Infrastructure (TPZ), Tortoise Energy Independence Fund, Inc. (NDP), and Tortoise Pipeline & Energy Fund, Inc.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Utilities
Industrial Services
Corporate
Stocks83.83%
Utilities40.77%
Industrial Services38.67%
Energy Minerals4.20%
Bonds, Cash & Other16.17%
Corporate13.55%
Mutual fund2.67%
Cash0.18%
Rights & Warrants−0.23%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
TPZ top holdings are Energy Transfer LP and Constellation Energy Corporation, occupying 7.05% and 6.96% of the portfolio correspondingly.
TPZ last dividends amounted to 0.07 USD. The month before, the issuer paid 0.07 USD in dividends,
TPZ assets under management is 149.36 M USD. It's risen 0.92% over the last month.
TPZ fund flows account for −134.20 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, TPZ pays dividends to its holders with the dividend yield of 4.08%. The last dividend (May 23, 2025) amounted to 0.07 USD. The dividends are paid monthly.
TPZ shares are issued by TortoiseEcofin Investments LLC under the brand Tortoise. The ETF was launched on Dec 23, 2024, and its management style is Active.
TPZ expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
TPZ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
TPZ invests in stocks.
TPZ price has risen by 3.67% over the last month, and its yearly performance shows a 23.98% increase. See more dynamics on TPZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.45% over the last month, showed a −4.80% decrease in three-month performance and has increased by 1.47% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.45% over the last month, showed a −4.80% decrease in three-month performance and has increased by 1.47% in a year.
TPZ trades at a premium (0.57%) meaning the ETF is trading at a higher price than the calculated NAV.