The Tortoise MLP Index® is a float-adjusted, capitalization-weighted index of energy master limited partnerships (MLPs).

Index Stats as of 6/24/2024:

View All Stats Slider View

Price Return Ticker

TMLP

Total Return Ticker

TMLPT

Base Date

12/31/1999

Inception Date

1/28/2010

Calculated by

S&P Dow Jones Indices

Rebalancing

Quarterly

Number of Constituents

23

Market Capitalization

$255 billion

Average Constituent Size

$11,086 million

Median Constituent Size

$3,048 million

Overview

The Tortoise MLP Index® is a float-adjusted, capitalization-weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.

Methodology Summary:

  • Modified float-adjusted, market-capitalization weighting
  • No single issuer greater than 7.5% and no affiliated MLP family greater than 15% in aggregate as of the rebalance reference date

Key Eligibility Requirements:

  • Publicly traded, organized as a limited partnership or a limited liability company, and classified as an "energy MLP" by Tortoise Index Solutions
  • Market capitalization of $200 million
  • Domicile in the United States and listed on the New York Stock Exchange, NASDAQ or NYSE MKT
  • Must pay a distribution greater than or equal to their minimum quarterly distribution at time of index inclusion

Performance

Index Performance (as of 3/31/2024) 1 Year 3 Year 5 Year 10 Year
Total Return 36.01% 28.50% 12.10% 4.09%
Price Return 35.23% 28.06% 11.79% 3.95%

Total Return History

(as of 7/01/2024)

Price Return History

(as of 7/01/2024)

Constituents

Sector Allocations

As of latest rebalance date (6/24/2024)

Top 10 Constituents

As of most recent rebalance date (6/24/2024)
Constituent Name Index Weight
Plains All American Pipeline LP
 7.7%
MPLX LP
 7.6%
Enterprise Products Partners LP
 7.6%
Western Midstream Partners LP
 7.5%
Plains GP Holdings LP
 7.3%
Constituent Name Index Weight
Hess Midstream LP
 6.7%
Sunoco LP
 6.6%
Enlink Midstream LLC
 6.4%
Energy Transfer LP
 6.3%
Black Stone Minerals LP
 5.6%

Total: 69.3%

Podcasts Energy

Energy Podcast: Insights into energy sector performance and outlook for the second half of 2024

View More
Commentary

What’s Fueling the Artificial Intelligence Boom?

View More
Podcasts Energy

Energy Podcast: May brings strong returns, midstream fund flows, market insights & consolidation activity

View More
Commentary

Energy Infrastructure is Powering the Future of Artificial Intelligence

View More
Commentary

Choosing the right index for midstream energy

View More

Press Releases

6/14/2024

Tortoise Announces Index Updates for Second Quarter 2024
5/03/2024

Tortoise Announces Revision of Treatment of Constituent Changes Due to Corporate Action
5/02/2024

Tortoise Announces Constituent Changes Due to Corporate Action
3/08/2024

Tortoise Announces Index Updates for First Quarter 2024
12/08/2023

TortoiseEcofin Announces Index Updates for Fourth Quarter 2023
11/30/2023

TortoiseEcofin Announces Constituent Changes Due to Corporate Action
11/02/2023

TortoiseEcofin Announces Constituent Changes Due to Corporate Action
9/25/2023

TortoiseEcofin Announces Revision of Timing of Constituent Changes Due to Corporate Action
9/22/2023

TortoiseEcofin Announces Constituent Changes Due to Corporate Action
9/08/2023

TortoiseEcofin Announces Index Updates for Third Quarter 2023

Find a Product

Frequently Searched: