The Tortoise North American Oil & Gas Producers Index℠ is a float-adjusted, capitalization-weighted index of North American energy companies primarily engaged in the production of crude oil, condensate, natural gas or natural gas liquids (NGLs).

Index Stats as of 6/21/2019:

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Price Return Ticker

TNEP

Total Return Ticker

TNEPT

Base Date

12/31/1999

Inception Date

1/01/2013

Calculated by

S&P Dow Jones Indices

Rebalancing

Quarterly

Number of Constituents

54

Market Capitalization

$556 billion

Average Constituent Size

$10,294 million

Median Constituent Size

$3,343 million

Overview

The Tortoise North American Oil & Gas Producers IndexSM is a float-adjusted, capitalization-weighted index of North American energy companies primarily engaged in the production of crude oil, condensate, natural gas or natural gas liquids (NGLs). The index includes exploration and production companies structured as corporations, limited liability companies and master limited partnerships, but excludes United States royalty trusts.

Methodology Summary:

  • Modified float-adjusted, market-capitalization weighting
  • No single issuer greater than 5% as of the rebalance reference date

Key Eligibility Requirements:

  • Majority of assets, cash flow or revenue associated with exploration, development, drilling, completion or production of crude oil, condensate, natural gas or NGLs
  • Organized under the laws of, or maintains its principal place of business in, the United States or Canada.
  • Market capitalization of $1 billion at inclusion
  • Listed on the New York Stock Exchange, NASDAQ, NYSE MKT or Toronto Stock Exchange

Performance

Index Performance (as of 6/30/2019) 1 Year 3 Year 5 Year 10 Year
Total Return -28.89% -7.17% -15.92% -1.27%
Price Return -30.06% -8.46% -17.28% -3.01%

Total Return History

(as of 8/23/2019)

Price Return History

(as of 8/02/2019)

Constituents

Sector Allocations

As of most recent rebalance date (6/21/2019)

Top 10 Constituents

As of most recent rebalance date (6/21/2019)
Constituent Name Index Weight
Diamondback Energy, Inc.
5.3%
Pioneer Natural Resources Company
5.2%
Concho Resources Inc.
5.1%
EOG Resources, Inc.
5.1%
Hess Corporation
5.1%
Constituent Name Index Weight
Occidental Petroleum Corporation
4.9%
ConocoPhillips
4.8%
Suncor Energy Inc.
4.8%
Canadian Natural Resources Limited
4.8%
Anadarko Petroleum Corporation
4.7%

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