TortoiseIncomeCovered Calls#343 of 469 by YTD

Tortoise Electrification Infrastructure ETFTPZ

S&P 500 Compare

$20.31+3.0%

+$0.60 · Nov 9 close

Buy

AUM: $107M
Fee: 0.85%
Yield: 3.7%

Bumpy · 1Y: 1.2×S&P
Volume: 6K
NAV: $19.75

What's insideAll 35 →

TRGP 8.5%LNG 8.1%ET 7.6%ETR 7.5%

52-week range12% below the high

$19.52$23.03

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+3.0%	−3.0%	−2.1%	−4.4%	+2.5%	+0.4%	—	—	+8.7%
Peer average	+1.5%	−0.2%	−3.4%	−2.2%	+5.3%	+6.9%	+44.5%	+56.9%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

TPZ in One Breath

TPZ Among Covered Calls ETFs

YTD

#1USOIETRACS+45.8%$308M

#2NDIVAmplify+34.2%$32.9M

#3WEEIWestwood+25.3%$109M

#4XOMOYieldMax+20.7%$36.2M

#5PAYRFederated Hermes+20.3%$95.9M

#6TNGYTortoise+19.9%$520M

#7CTEFCastellan+19.5%$586M

#8FRGNHorizon Funds+18.1%$176M

#50TPZTortoise+2.5%$107M

End-of-day Nov 9, 2026 · 70 Covered calls ETFs by YTD

$10,000 in TPZ

$10,000 in TPZ became

$10,873

In the S&P 500 (VOO)

$12,911

Total return, dividends in · Dec 23, 2024 – Nov 9, 2026 · S&P 500 uses VOO

TPZ’s Top Holdings

Today

TRGPTarga Resources8.5%LNG8.1%ET7.6%ETR7.5%WMB6.2%TRP5.4%CEG4.6%MPLX4.2%OKE3.9%CNP3.8%WEC3.7%EPD3.5%NEE3.3%DTM3.3%AEP3.0%EVRG2.4%DTE2.2%MTZ2.1%VG2.0%SEI2.0%VST1.6%WES13 more

TRGPTarga Resources8.5%LNG8.1%ET7.6%ETR7.5%WMB6.2%TRP5.4%CEG4.6%MPLX4.2%OKE3.9%CNP3.8%WEC3.7%EPD3.5%23 more

EnergyUtilitiesIndustrials

Tortoise TPZ · 35 holdings · tile size = share of the fund · as of Nov 9, 2026

What TPZ Holds

Today

Energy58.1%

TRGP 8.5 · LNG 8.1 · ET 7.6 · WMB 6.2 · TRP 5.4 · MPLX 4.2 · OKE 3.9

Utilities36.0%

ETR 7.5 · CEG 4.6 · CNP 3.8 · WEC 3.7 · NEE 3.3 · AEP 3.0 · EVRG 2.4

Industrials6.0%

MTZ 2.1 · PWR 1.2 · MYRG · ACCV · VRT · INIO

Financial Services0.8%

WULF · HUT

Technology0.2%

CIFR

Tortoise TPZ · share of the fund by sector · as of Nov 9, 2026

Targa’s Share of TPZ

Today

8.5%

$85 of every $1,000 in TPZ is Targa

Targa held by TPZ

$9.1M

Most Targa per dollar

NBET9.0%

PIPE8.5%

TPZ8.5%

TNGY8.0%

Tortoise TPZ · each square = $10 of $1,000 · as of Nov 9, 2026

TPZ’s Share of Covered Calls ETFs

Today

0.3%

of the $41.5B in 90 Covered calls ETFs

TPZ$107M0.3%

DIVO$7.9B19.0%

QYLD$7.8B18.9%

87 others$25.7B61.8%

Covered calls ETF AUM · Nov 9, 2026

TPZ Fee per $100 vs Peers

Today

$0.85a year
per $100

$85 a year on $10,000

DIVO$0.56

QYLD$0.60

XYLD$0.60

FTHI$0.75

ACIO$0.79

TPZ$0.85

Expense ratio · Covered calls peers · Nov 9, 2026

Inside TPZ

33 holdings · as of Nov 9, 2026

TPZ

Tortoise Electrification Infrastructure ETF

Today

#	Ticker	Company	Weight ▼
1	TRGP	Targa Resources	8.50%
2	LNG	Cheniere Energy	8.12%
3	ET	Energy Transfer LP	7.61%
4	ETR	Entergy	7.51%
5	WMB	Williams Cos /The	6.24%
6	TRP	TC Energy	5.41%
7	CEG	Constellation Energy	4.57%
8	MPLX	MPLX LP	4.23%
9	OKE	Oneok	3.94%
10	CNP	CenterPoint Energy	3.82%

See all 35 holdings ↓

EnergyUtilitiesIndustrialsFinancial ServicesTechnology

Tortoise TPZ · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 87.3%

All TPZ Holdings

35 holdings · as of Nov 9, 2026

TPZ

TPZ’s Holdings

Today

#
1	TRGPTarga Resources	Energy	8.50%	$849.85	34K	$9.1M
2	LNGCheniere Energy	Energy	8.12%	$812.11	31K	$8.7M
3	ETEnergy Transfer LP	Energy	7.61%	$761.21	430K	$8.1M
4	ETREntergy	Utilities	7.51%	$751.09	73K	$8.0M
5	WMBWilliams Cos /The	Energy	6.24%	$623.74	104K	$6.7M
6	TRPTC Energy	Energy	5.41%	$540.53	93K	$5.8M
7	CEGConstellation Energy	Utilities	4.57%	$456.68	20K	$4.9M
8	MPLXMPLX LP	Energy	4.23%	$422.69	81K	$4.5M
9	OKEOneok	Energy	3.94%	$393.59	49K	$4.2M
10	CNPCenterPoint Energy	Utilities	3.82%	$382.27	101K	$4.1M
11	WECWEC Energy Group	Utilities	3.67%	$367.38	34K	$3.9M
12	EPDEnterprise Products Partners LP	Energy	3.54%	$354.29	102K	$3.8M
13	NEENextEra Energy	Utilities	3.28%	$328.15	40K	$3.5M
14	DTMDT Midstream	Energy	3.27%	$326.51	31K	$3.5M
15	AEPAmerican Electric Power	Utilities	2.96%	$295.87	25K	$3.2M

Tortoise TPZ · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

TPZ

Tortoise Electrification Infrastructure ETF’s Peers

Today


DIVO	AmplifyRead Desk	0.56%	+1.6%	+13.1%	$7.9B
QYLD	Global XRead Desk	0.60%	+3.3%	+14.9%	$7.8B
XYLD	Global XRead Desk	0.60%	+2.2%	+14.6%	$3.3B
FTHI	First TrustRead Desk	0.75%	+2.0%	+7.1%	$2.5B
ACIO	AptusRead Desk	0.79%	+1.3%	+6.7%	$2.3B
TPZ	TortoiseThis fundRead Desk	0.85%	+3.0%	+0.4%	$107M

Covered calls peers · Today’s and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put TPZ head to head with DIVO →

DIVO vs TPZ

YTD

DIVOAmplify · Covered callsTPZTortoise · Covered calls

Year to date

+10.8%

+2.5%

DIVO wins+8.3 pts

Past year

+13.1%

+0.4%

DIVO wins+12.6 pts

Fee

0.56%

0.85%

DIVO winslower fee

Yield

6.4%

3.7%

DIVO wins+2.7 pts

AUM

$7.9B

$107M

DIVO74.1× more

4–0DIVO wins

Amplify DIVO and Tortoise TPZ · year-to-date · as of Nov 10, 2026 · AUM not scored

TPZ vs VOO

YTD

TPZ · Tortoise Electrification Infrastructure

+2.5%

VOO · S&P 500

+11.3%

Gap

8.8 pts

Tortoise TPZ and Vanguard VOO · Today total return · as of Nov 10, 2026

TPZ vs Its Peer Average

YTD

TPZAvsBPeer average

1D+3.0%+1.5%

1M−2.1%−3.4%

3M−4.4%−2.2%

YTD+2.5%+5.3%

1Y+0.4%+6.9%

3Y[…]+44.5%

5Y[…]+56.9%

2–3Peer average wins

89 Covered calls peers · each row scaled to its leader

How Bumpy Is TPZ?

View

TPZ

How Bumpy

1.2×the S&P 500’s swings

CalmerBumpierS&P 1×TPZ

Bumpiest of 7 covered calls fundsTPZ

Other covered calls funds0.6× to 1.0×

Tortoise TPZ · daily swings over the past year vs the S&P 500

TPZ

Worst Drop

−12.7%from its Apr 30 high

Still below the high−9.6%

$10,000 at the high is now$9,040

Tortoise TPZ · fall from the highest close, past year

TPZ

On a Bad Day

0.3×the S&P 500’s fall

TPZ’s worst day: Wednesday, Nov 4

TPZ

−4.3%

S&P 500

1.7%

Up days53 of every 100

S&P 500 up days52 of every 100

Tortoise TPZ · average move on days the S&P 500 fell

TPZ

Return for the Bumps

1Y#6 of 7 covered calls funds

#1XYLDGlobal X

most for the bumps

#2DIVOAmplify

#3QYLDGlobal X

#4FTHIFirst Trust

#5ACIOAptus

#6TPZTortoise

less than cash

#7TLTWiShares

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

TPZ

Cost

Today

$85a year per $10,000

TLTW

$35

DIVO

$56

QYLD

$60

XYLD

$60

FTHI

$75

ACIO

$79

TPZ

$85

Expense ratio 0.85%, taken from the fund’s value

TPZ

Volatility & Beta

16.6%annual volatility

S&P 500 volatility13.7%

Downside volatility12.1%

Beta vs SPY0.26

Correlation vs SPY0.22

Beta rank, lowest first, of 7#2

Daily total returns × √252 · past 254 trading days

TPZ

Max Drawdown

−12.7%peak to trough

Peak closeApr 30, 2026

Current drawdown−9.6%

Worst day−4.33% · Nov 4

Closing prices, dividends in

TPZ

Up / Down Capture

30%down capture vs SPY

Down days

30%

Up days

29%

S&P 500

100%

Up ÷ down capture0.97

Up days53.1% (S&P 52.4%)

Average daily move on SPY up days and down days

TPZ

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
XYLD	1.29	1.82	8.2%	−5.3%	0.54	$60
DIVO	0.97	1.45	10.0%	−6.0%	0.54	$56
QYLD	0.78	1.06	13.8%	−9.0%	0.86	$60
FTHI	0.29	0.41	10.3%	−5.5%	0.67	$75
ACIO	0.22	0.31	9.9%	−6.6%	0.70	$79
TPZ	−0.14	−0.19	16.6%	−12.7%	0.26	$85
TLTW	−0.51	−0.70	8.4%	−9.6%	0.18	$35

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

TPZ

Trading

Today

+2.84%above its holdings’ value

Close$20.31

NAV$19.75

Fee per $10,000$85 a year

Avg. volume 30D8K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

TPZ

Fund Facts

Today

2024launched Dec 23

Tracks[…]

Exchange · CUSIPNYSE · 890930100

StructureETF

Leverage1x

Cost on $10,000$85 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Tortoise TPZ · fund facts · as of Nov 10, 2026

TPZ

Payouts by Year

$0.20per share, Sep 2026

Distribution yield3.7%

PaidEvery month

Latest ex-date · paidSep 24 · Sep 25, 2026

12 payouts added up$1.22 a share

Tortoise TPZ · distributions by ex-date · 2021–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-11-30 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2025-08-31 ↗SEC reported portfolio · 2025-05-31 ↗SEC reported portfolio · 2025-02-28 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗summary prospectus · SEC 497K ↗prospectus · SEC 497 ↗prospectus · SEC 497 ↗

Trading & Liquidity

Net asset value$19.75

Premium / discount[…]

Median spread · 30D[…]

Volume today6K

Average volume · 30D8K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.85%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$85.00

Our risk indicator3/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Sep 24, 2026	Sep 25, 2026	$0.20
Jun 25, 2026	Jun 26, 2026	$0.20
Mar 26, 2026	Mar 27, 2026	$0.20
Dec 31, 2025	Jan 2, 2026	$0.0678
Nov 25, 2025	Nov 26, 2025	$0.0678
Oct 23, 2025	Oct 24, 2025	$0.0678
Sep 25, 2025	Sep 26, 2025	$0.0678
Aug 21, 2025	Aug 22, 2025	$0.0678
Jul 24, 2025	Jul 25, 2025	$0.0678
Jun 26, 2025	Jun 27, 2025	$0.0678
May 22, 2025	May 23, 2025	$0.0678
Apr 24, 2025	Apr 25, 2025	$0.0678

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