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Beacon

TPZTORTOISE ELECTRIFICATION INFRASTRUCTURE ETF

Get income17y track recordRanked #984 of 1,650 in this goal

Seeks to provide a high level of current income with a secondary objective of capital appreciation.

By Tortoise Capital Advisors, LLC · Launched 2009

Annual Cost

0.85%

#4,507 of 5,854 · expensive

Fund Size

$128M

#2,770 of 5,854 · mid-size

Dividend YieldGoal

3.70%

Track Record

17 years

#677 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$10,546+5.5%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Focus

MLP, Real Assets

What it actually holds

By weight

Concentration

Top 10 holdings = 54.3% of fundmoderately concentrated

Constellation Energy Corp
6.9%
Energy Transfer LP
6.7%
Entergy Corp
5.5%
Williams Cos Inc/The
5.4%
NRG Energy Inc
5.2%
Vistra Corp
5.2%
Evergy Inc
5.0%
Clearway Energy Inc
5.0%
TC Energy Corp
4.9%
MPLX LP
4.5%

Asset allocation

Stocks
98.8%
Cash
1.2%
Other
0.1%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
14.2%Moderate

Year-on-year price swings

Max drawdown
-77.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
1.14Strong risk-adjusted returns
Sortino (3Y)
1.63Good downside protection

Listing

Exchange
New York Stock Exchange

Full fund details

Objective
Seeks to provide a high level of current income with a secondary objective of capital appreciation.
Strategy
Actively manages a portfolio of equity and fixed income securities primarily in power and energy infrastructure companies to provide current income and capital appreciation. The Fund does not seek to track an index and may invest in non-U.S. issuers, with a focus on stable, dividend-paying securities and a covered call options strategy to enhance income.
Inception date
July 29, 2009
Fund family
Tortoise Capital Advisors, LLC

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-03