Key stats
About Tortoise MLP ETF
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Inception date
Dec 23, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
Identifiers
3
ISINUS8909308863
TMLP provides exposure to the MLP universe through a market cap-weighted index of US master limited partnerships (MLPs) and limited liability companies. MLPs are publicly listed partnerships that focus on the transportation, production, processing, or storage of energy commodities. To be included in the index, the company must be 1) in the domiciled and traded in the US, 2) have at least $200 million USD in market cap and 3) maintain an average of $175 million USD in market-cap for a minimum of 20 trading days prior to the rebalance reference date. The fund intends to seek exposure to the underlying index by primarily investing in total return swaps that reference the components of the underlying index. It may, additionally, directly hold the securities of the index constituents up to 25% of its total assets only. A 7.5% capping is also applied to individual positions alongside a 15% limit to securities of an MLP Affiliate family. The index is rebalanced on a quarterly basis.
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Classification
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
TMLP trades at 25.15 USD today, its price has risen 0.01% in the past 24 hours. Track more dynamics on TMLP price chart.
TMLP assets under management is 36.66 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
TMLP expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, TMLP isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, TMLP doesn't pay dividends to its holders.
TMLP trades at a premium (0.07%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
TMLP shares are issued by TortoiseEcofin Investments LLC
TMLP follows the Tortoise MLP Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Dec 23, 2025.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.