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Tortoise MLP (TMLP) ETF Holdings & Analysis
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What TMLP does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| TORTOISE MLP TOTAL RETURN INDEX SWAP GS-L | 34.50% | |
| Cash & Other | 31.87% | |
| United States Treasury Bill 10/08/2026 | 30.82% | |
| Hess Midstream LP | 1.94% | |
| U.S. Bank Money Market Deposit Account 06/01/2031 | 0.87% |
Geographic allocation
| Other | 94.65% |
| United States | 5.35% |
PortView Portfolio Insights
PortView analyzes how TMLP fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
Analyze TMLP in PortView →Related securities
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Frequently asked questions
- What does TMLP track?
- TMLP is the Tortoise MLP ETF, a Other ETF.
- What is the expense ratio of TMLP?
- Expense ratio data for TMLP is shown on the page when available from our data provider.
- What are the largest holdings in TMLP?
- Top holdings include TORTOISE MLP TOTAL RETURN INDEX SWAP GS-L, Cash & Other, United States Treasury Bill 10/08/2026, HESM, U.S. Bank Money Market Deposit Account 06/01/2031.
- How can PortView analyze TMLP overlap with other ETFs?
- PortView computes the holdings overlap between TMLP and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.