TPZ Tortoise Electrification Infrastructure ETF
TPZ invests in equity and fixed income securities, mainly in US electrification 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 related energy infrastructure such as utilities, pipelines, LNG facilities, and renewable energy assets. 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. 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. Before Jan 1, 2026, the fund was named Tortoise Essential Energy Fund.
Performance
| 1M | 3M | YTD | 1Y | 3Y ann. | 5Y ann. | |
|---|---|---|---|---|---|---|
| TPZ | -0.3% | -2.8% | +2.4% | +0.3% | +16.3% | +8.2% |
| Equity average (4725 funds) | -2.2% | +2.5% | +85.7% | +59908.1% | +13.6% | +2.3% |
Insider activity in the holdings
Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: −$975K net.
| Holding | Weight | Insiders bought | Insiders sold |
|---|---|---|---|
| ET Energy Transfer LP | 7.38% | $21.3M | $0 |
| ACCV Accelevation Holdings Corp | 0.64% | $4.1M | $360.0M |
| VST Vistra Corp | 1.61% | $1.2M | $16.6M |
| SEI Solaris Energy Infrastructure Inc | 2.11% | $542K | $0 |
| WULF Terawulf Inc | 0.45% | $140K | $5.3M |
| EVRG Evergy Inc | 2.28% | $134K | $0 |
| KGS Kodiak Gas Services Inc | 0.76% | $44K | $1.5M |
| CNP CenterPoint Energy Inc | 3.64% | $41K | $0 |
Holdings · as of Nov 13, 2026
| # | Holding | Weight |
|---|---|---|
| 1 | TRGP Targa Resources Corp | 8.99% |
| 2 | LNG Cheniere Energy Inc | 8.56% |
| 3 | ET Energy Transfer LP | 7.38% |
| 4 | ETR Entergy Corp | 7.14% |
| 5 | WMB Williams Cos Inc/The | 6.38% |
| 6 | TRP TC Energy Corp | 5.32% |
| 7 | CEG Constellation Energy Corp | 4.87% |
| 8 | MPLX MPLX LP | 4.04% |
| 9 | OKE ONEOK Inc | 3.88% |
| 10 | CNP CenterPoint Energy Inc | 3.64% |
| 11 | WEC WEC Energy Group Inc | 3.49% |
| 12 | EPD Enterprise Products Partners LP | 3.38% |
| 13 | DTM DT Midstream Inc | 3.25% |
| 14 | NEE NextEra Energy Inc | 3.04% |
| 15 | AEP American Electric Power Co Inc | 2.85% |
| 16 | EVRG Evergy Inc | 2.28% |
| 17 | VG Venture Global Inc | 2.20% |
| 18 | SEI Solaris Energy Infrastructure Inc | 2.11% |
| 19 | MTZ MasTec Inc | 2.11% |
| 20 | DTE DTE Energy Co | 2.11% |
| 21 | VST Vistra Corp | 1.61% |
| 22 | WES Western Midstream Partners LP | 1.43% |
| 23 | PWR Quanta Services Inc | 1.31% |
| 24 | TLN Talen Energy Corp | 1.24% |
| 25 | NI NiSource Inc | 1.22% |
| 26 | TPZ First American Government Obligations Fund 12/01/2031 | 1.07% |
| 27 | MYRG MYR Group Inc | 0.92% |
| 28 | KGS Kodiak Gas Services Inc | 0.76% |
| 29 | ACCV Accelevation Holdings Corp | 0.64% |
| 30 | VRT Vertiv Holdings Co | 0.62% |
| 31 | INIO Innio NV | 0.54% |
| 32 | WULF Terawulf Inc | 0.45% |
| 33 | HUT HUT 8 CORP | 0.42% |
| 34 | CIFR Cipher Digital Inc | 0.25% |
Sector breakdown
Country breakdown
Distributions
| Date | Per unit |
|---|---|
| Sep 24, 2026 | $0.2035 |
| Jun 25, 2026 | $0.2035 |
| Mar 26, 2026 | $0.2035 |
| Dec 31, 2025 | $0.0678 |
| Nov 25, 2025 | $0.0678 |
| Oct 23, 2025 | $0.0678 |
| Sep 25, 2025 | $0.0678 |
| Aug 21, 2025 | $0.0678 |
| Jul 24, 2025 | $0.0678 |
| Jun 26, 2025 | $0.0678 |
| May 22, 2025 | $0.0678 |
| Apr 24, 2025 | $0.0678 |
| Mar 27, 2025 | $0.0678 |
| Feb 27, 2025 | $0.0678 |
| Jan 30, 2025 | $0.0678 |
| Dec 31, 2024 | $0.0252 |
| Nov 22, 2024 | $0.1050 |
| Oct 24, 2024 | $0.1050 |
| Sep 23, 2024 | $0.1050 |
| Aug 23, 2024 | $0.1050 |
| Jul 24, 2024 | $0.1050 |
| Jun 21, 2024 | $0.1050 |
| May 23, 2024 | $0.1050 |
| Apr 22, 2024 | $0.1050 |
| Mar 21, 2024 | $0.1050 |
| Feb 21, 2024 | $0.1050 |
| Jan 23, 2024 | $0.1050 |
| Dec 21, 2023 | $0.1050 |
| Nov 21, 2023 | $0.1050 |
| Oct 23, 2023 | $0.1050 |
| Sep 21, 2023 | $0.1050 |
| Aug 23, 2023 | $0.1050 |
| Jul 21, 2023 | $0.1050 |
| Jun 22, 2023 | $0.1050 |
| May 23, 2023 | $0.1050 |
| Apr 20, 2023 | $0.1050 |
| Mar 23, 2023 | $0.1050 |
| Feb 17, 2023 | $0.1050 |
| Jan 23, 2023 | $0.1050 |
| Dec 22, 2022 | $0.1050 |
Members of Congress who disclosed this ETF
No member of Congress has disclosed a trade in TPZ in the filings we hold.
Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error
