
TPYP: Energy Midstream ETF For Investors Preferring To Get A Good Night's Rest
Seeking Alpha
公開日時: Sep 17, 2026, 06:52 PM GMT+9
Summary The Tortoise North American Pipeline ETF offers exposure to U.S. and Canadian midstream energy infrastructure, emphasizing stable, fee-based returns over commodity price volatility. TPYP has outperformed the S&P 500 Total Return Index over five years, delivering a 20% total return versus the market’s 15%, with lower volatility than oil-linked ETFs. Geopolitical disruptions and increased U.S. LNG exports support robust midstream demand, while TPYP’s 0.40% expense ratio is below the ETF median. TPYP’s portfolio is 76% U.S.-listed, 59% natural gas pipelines, and top holdings are concentrated, led by The Williams Companies. Compared to UMI, I favor UMI. Veronica Perez cortes /iStock via Getty Images Fund Overview and Objective The Tortoise North American Pipeline ETF ( TPYP ) (the “Fund”) tracks the total return performance, before fees and expenses, of the Tortoise North American Pipeline IndexSM (the “Underlying Index”). This article was written by Robert Boslego 5.76K Followers Follow Managing Director, Boslego Risk ServicesHarvard College, Economics (Honors), BA Undergraduate thesis: "OPEC Pricing Strategy." Harvard Business School Case Study: "Industrialized World and Oil."Stanford University Graduate School of Business, MBA I founded Boslego Risk Services and became a recognized expert in the area of energy price risk management (hedging) and trading, providing oil and natural gas hedging strategies to major oil companies such as Exxon, Shell, Mobil, Chevron, Texaco and Phillips; to the national oil companies of Norway, Venezuela, Mexico, Canada, France and Italy; to major users of energy products, such as Delta Airlines, United Airlines, Burlington-Northern Railroad, and Canadian Pacific Railway.I also provided frequent market assessments and recommended trading positions to major trading firms, such as Enron, Phibro, Sempra and Vitol, and to large hedge funds.As the recognized expert in energy hedging, I was selected by the former president, John Treat, of the New York Mercantile Exchange (NYMEX) to write the chapter on hedging in his book, Energy Futures (1990, 2000). Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Source: Seeking Alpha
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