Tortoise Index Solutions

Tortoise
North American Pipeline IndexSM (TNAP)


Sector Allocations

As of most recent rebalance date (6/16/2017)

By ownership structure
Other pipeline C-corps/LLCs 45%
MLPs 34%
MLP affiliates/owners 21%
Due to rounding, totals may not equal 100%
By pipeline type
Natural gas pipelines 37%
Crude oil pipelines 30%
Local gas distribution companies 21%
Refined product pipelines 8%
Gathering & processing 4%
Due to rounding, totals may not equal 100%

Top 10 Constituents

As of most recent rebalance date (6/16/2017)

NameTNAP Index Weight   NameTNAP Index Weight
TransCanada Corporation 7.8%   Cheniere Energy, Inc. 4.5%
Kinder Morgan Inc. 7.7%   ONEOK, Inc. 4.2%
The Williams Companies, Inc. 7.5%   Targa Resources Corp. 3.6%
Enbridge Inc. 7.4%   Enterprise Products Partners, L.P. 3.6%
Pembina Pipeline Corporation 5.2%   Atmos Energy Corporation 3.5%
Total: 55.0%