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Tortoise Electrification Infrastructure (TPZ) ETF Holdings & Analysis
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What TPZ does
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.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Energy Transfer LP | 8.14% | |
| Cheniere Energy Inc | 7.88% | |
| Targa Resources Corp | 6.60% | |
| Entergy Corp | 6.06% | |
| Williams Cos Inc/The | 5.75% | |
| TC Energy Corp | 5.05% | |
| MPLX LP | 4.83% | |
| Constellation Energy Corp | 4.69% | |
| ONEOK Inc | 4.05% | |
| Enterprise Products Partners LP | 3.44% |
Sector allocation
| Cash & Others | 1.14% |
| Energy | 58.01% |
| Financial Services | 1.04% |
| Industrials | 5.55% |
| Technology | 0.51% |
| Utilities | 33.75% |
Geographic allocation
| United States | 90.00% |
| Canada | 8.17% |
| Other | 1.13% |
| Germany | 0.70% |
PortView Portfolio Insights
PortView analyzes how TPZ 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.
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Frequently asked questions
- What does TPZ track?
- TPZ is the Tortoise Electrification Infrastructure ETF, a Other ETF.
- What is the expense ratio of TPZ?
- Expense ratio data for TPZ is shown on the page when available from our data provider.
- What are the largest holdings in TPZ?
- Top holdings include ET, LNG, TRGP, ETR, WMB.
- How can PortView analyze TPZ overlap with other ETFs?
- PortView computes the holdings overlap between TPZ 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.