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

Index Stats as of 3/18/2024:

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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

25

Market Capitalization

$235 billion

Average Constituent Size

$9,387 million

Median Constituent Size

$2,442 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 4/18/2024)

Price Return History

(as of 4/18/2024)

Constituents

Sector Allocations

As of latest rebalance date (3/18/2024)

Top 10 Constituents

As of most recent rebalance date (3/18/2024)
Constituent Name Index Weight
Enterprise Products Partners LP
 7.7%
Western Midstream Partners LP
 7.5%
MPLX LP
 7.5%
Energy Transfer LP
 7.0%
Viper Energy Inc.
 6.2%
Constituent Name Index Weight
Enlink Midstream LLC
 6.1%
Hess Midstream LP
 5.6%
Black Stone Minerals LP
 5.4%
Sunoco LP
 5.4%
NuStar Energy LP
 5.3%

Total: 63.7%

Podcasts Energy

Energy Podcast: March madness in the sports world and energy market

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Video

Tortoise Exclusive with EQT's CEO Toby Rice: Unleashing U.S. LNG

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Podcasts Energy

Energy Podcast: Exploring February’s market momentum and key energy sector updates

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Podcasts Energy

Energy Podcast: Earnings season ramps up with positive reports across the energy value chain

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Commentary

Timely topic: Despite recent headlines U.S. LNG energy exports expected to double

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Press Releases

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

6/13/2023

TortoiseEcofin Announces Constituent Changes Due to Corporate Action
6/08/2023

TortoiseEcofin Announces Index Updates for Second Quarter 2023
3/09/2023

TortoiseEcofin Announces Index Updates for First Quarter 2023

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