What this ETF is trying to do

The Tortoise Electrification Infrastructure ETF (TPZ) focuses on companies that build and manage the infrastructure needed for electricity and energy. Based on its top holdings, it invests in energy transfer companies, utility corporations, and energy producers.

What the numbers show

As of September 18, 2026, the share price was $20.99. To understand how the ETF has performed, we look at two different types of returns: price return (the change in share price) and total return (which includes both price changes and cash distributions).

• Year-to-Date (YTD): The price return is 2.99%, while the total return is 4.90%.

• One Year: The price return is 0.77%, and the total return is 3.98%.

• Three Year: The price return is 53.10%, and the total return is 79.82%.

• Five Year: The total return is 125.30%.

For a simple example, if you had invested $10,000 exactly one year ago at the estimated price of $20.83, the price-only growth would have resulted in a value of approximately $10,076.81.

Income and distribution explanation

This ETF pays out cash to investors, which is known as a distribution. It usually pays these distributions quarterly. Over the last 12 months, it made 6 payouts.

The distribution yield is 3.23%. It is important for beginners to know that a high yield alone can be misleading. A yield tells you how much cash is being paid out relative to the price, but it does not guarantee that the total value of your investment will grow.

NAV erosion explanation

"NAV erosion" happens when the actual value of the fund's underlying assets drops over time. StockValueFinder uses an erosion-risk score to measure this.

TPZ has an erosion score of 94, which is labeled as "Stable / sideways," and the erosion severity is rated as "good." Additionally, the severe erosion-risk flag is false, meaning the fund has not triggered a warning for substantial price deterioration.

Top Holdings

The fund holds 37 different assets. As of October 7, 2026, the top holdings (which are a partial list) include:

• Energy Transfer LP: 7.94%

• Cheniere Energy Inc: 6.44%

• Entergy Corp: 6.06%

• Targa Resources Corp: 5.95%

• Williams Companies Inc: 5.56%

Pros

• Strong three-year and five-year total returns.

• A "good" erosion-risk rating, suggesting price stability.

• Provides regular cash distributions to investors.

Cons

• The one-year price return is very low (0.77%), showing the share price stayed mostly flat over the last year.

Beginner takeaway

TPZ is an infrastructure-focused ETF that has shown significant growth over several years. While the share price has been mostly flat over the last 12 months, it provides a steady distribution yield for those seeking income.