Tortoise Index Solutions

Tortoise
North American Pipeline IndexSM (TNAP)


Sector Allocations

As of most recent rebalance date (9/15/2017)

By ownership structure
MLP affiliates/owners 45%
Other pipeline C-corps/LLCs 36%
MLPs 20%
Due to rounding, totals may not equal 100%
By pipeline type
Natural gas pipelines 39%
Crude oil pipelines 30%
Local gas distribution companies 20%
Refined product pipelines 7%
Gathering and processing 5%
Due to rounding, totals may not equal 100%

Top 10 Constituents

As of most recent rebalance date (9/15/2017)

NameTNAP Index Weight   NameTNAP Index Weight
Enbridge Inc. 7.5%   Pembina Pipeline Corporation 5.1%
TransCanada Corporation 7.5%   Enterprise Products Partners L.P. 3.9%
Kinder Morgan, Inc. 7.5%   Targa Resources Corp. 3.7%
ONEOK, Inc. 7.4%   Atmos Energy Corporation 3.4%
The Williams Companies, Inc. 6.5%   Cheniere Energy, Inc. 3.3%
Total: 55.8%