Tortoise Capital Advisors Introduces its First MLP ETF

The new ETF, which debuted with $25 million in assets under management, charges 0.7% per year. Investors in TPYP will not be subject to pesky K-1 tax forms come tax time. Rather, TPYP affords investors 1099 tax treatment, according to the issuer.

Tortoise North American Pipeline Fund Top 10 Holdings

Table Courtesy: Tortoise Capital Advisors