Tortoise Index Solutions

Tortoise
North American Pipeline IndexSM (TNAP)


Sector Allocations

As of most recent rebalance date (3/17/2017)

By ownership structure
Other pipeline C-Corps/LLCs 45%
MLP affiliates/owners 36%
MLPs 19%
Due to rounding, totals may not equal 100%
By pipeline type
Natural gas pipelines 41%
Crude oil pipelines 23%
Local gas distribution companies 17%
Gathering & processing 16%
Refined product pipelines 3%
Due to rounding, totals may not equal 100%

Top 10 Constituents

As of most recent rebalance date (3/17/2017)

NameTNAP Index Weight   NameTNAP Index Weight
TransCanada Corporation 7.5%   ONEOK, Inc. 4.4%
The Williams Companies, Inc. 7.5%   Targa Resources Corp. 4.3%
Enbridge Inc. 7.5%   Cheniere Energy, Inc. 4.3%
Kinder Morgan Inc. 7.5%   Enterprise Products Partners, L.P. 3.4%
Pembina Pipeline Corporation 5.1%   Atmos Energy Corporation 3.3%
Total: 54.8%