Tortoise North American Etf Profile
| TPYP Etf | USD 36.30 0.12 0.33% |
Performance25 of 100
| Odds Of DistressLess than 9
|
Tortoise North is selling at 36.30 as of the 28th of November 2024; that is 0.33 percent increase since the beginning of the trading day. The etf's last reported lowest price was 36.27. Tortoise North has less than a 9 % chance of experiencing financial distress in the next few years and had a solid performance during the last 90 days. Note, on October 18, 2024, Senator John Boozman of US Senate acquired $15k to $50k worth of Tortoise North American's common stock.
The fund will normally invest at least 80 percent of its total assets in securities that comprise the underlying index . Tortoise North is traded on NYSEARCA Exchange in the United States. More on Tortoise North American
Moving together with Tortoise Etf
| 0.99 | EMLP | First Trust North | PairCorr |
| 0.89 | AMJ | JPMorgan | PairCorr |
| 0.88 | MLPA | Global X MLP | PairCorr |
| 1.0 | MLPX | Global X MLP | PairCorr |
| 0.89 | AMZA | InfraCap MLP ETF | PairCorr |
Moving against Tortoise Etf
Tortoise Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Sector ETFs, Energy ETFs, Energy Limited Partnership, Tortoise Capital Advisors, LLC (View all Sectors) |
| Issuer | Tortoise |
| Inception Date | 2015-06-29 |
| Benchmark | Tortoise North American Pipeline Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 681.5 Million |
| Average Trading Valume | 48,273 |
| Asset Type | Equity |
| Category | Sector |
| Focus | Energy |
| Market Concentration | Developed Markets |
| Region | North America |
| Administrator | U.S. Bancorp Fund Services, LLC |
| Advisor | Tortoise Index Solutions, LLC |
| Custodian | U.S. Bank, N.A. |
| Distributor | Quasar Distributors, LLC |
| Portfolio Manager | Matthew Weglarz |
| Transfer Agent | U.S. Bank, N.A. |
| Fiscal Year End | 30-Sep |
| Exchange | NYSE Arca, Inc. |
| Number of Constituents | 45.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.4 |
| Management Fee | 0.4 |
| Country Name | USA |
| Returns Y T D | 44.34 |
| Name | Tortoise North American Pipeline Fund |
| Currency Code | USD |
| Open Figi | BBG009HYWYG0 |
| In Threey Volatility | 17.3 |
| 1y Volatility | 8.91 |
| 200 Day M A | 29.7197 |
| 50 Day M A | 33.089 |
| Code | TPYP |
| Updated At | 27th of November 2024 |
| Currency Name | US Dollar |
Tortoise North American [TPYP] is traded in USA and was established 2015-06-29. The fund is listed under Energy Limited Partnership category and is part of Tortoise Capital Advisors, LLC family. The entity is thematically classified as Sector ETFs. Tortoise North American at this time have 508.44 M in assets. , while the total return for the last 3 years was 22.8%.
Check Tortoise North Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Tortoise Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Tortoise Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Tortoise North American Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Tortoise North American Currency Exposure
Tortoise North American holds assets that are exposed to currency risk. As an investor, you have to ensure that the increase in value or dividend from foreign constituents of Tortoise North will not be offset by an unfavorable exchange rate and will not cancel out the return on assets from different countries. In other words, assess how much of your investment depends on the development of foreign currencies before you invest in Tortoise North American.
Top Tortoise North American Etf Constituents
| ATO | Atmos Energy | Stock | Utilities | |
| EPD | Enterprise Products Partners | Stock | Energy | |
| ET | Energy Transfer LP | Stock | Energy | |
| KMI | Kinder Morgan | Stock | Energy | |
| LNG | Cheniere Energy | Stock | Energy | |
| MMP | Magellan Midstream Partners | Stock | Energy | |
| NI | NiSource | Stock | Utilities | |
| OGS | One Gas | Stock | Utilities |
Tortoise North American Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Tortoise North. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | 0.2316 | |||
| Jensen Alpha | 0.1813 | |||
| Total Risk Alpha | 0.1089 | |||
| Sortino Ratio | 0.1767 |
Tortoise North Against Markets
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tortoise North American. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
The market value of Tortoise North American is measured differently than its book value, which is the value of Tortoise that is recorded on the company's balance sheet. Investors also form their own opinion of Tortoise North's value that differs from its market value or its book value, called intrinsic value, which is Tortoise North's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tortoise North's market value can be influenced by many factors that don't directly affect Tortoise North's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tortoise North's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tortoise North is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tortoise North's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.