Tortoise Capital Announces Index Updates for Third Quarter 2024 and Change of Methodology for the Tortoise North American Pipeline Indexsm (TNAP)

ACCESSWIRE · Tortoise

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OVERLAND PARK, KS / ACCESSWIRE / September 13, 2024 / Tortoise Capital today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2024. Following the close of trading on Friday, Sept. 20, 2024, the indices will be rebalanced according to their stated methodologies and as a result, the following changes will become effective.

Tortoise MLP Index ?

(TMLP/TMLPT)

Action

Company

Ticker

Addition

TXO Partners LP

TXO

Tortoise North American Pipeline IndexSM

(TNAP/TNAPT)

Action

Company

Ticker

No Changes

Ecofin Global Water ESG IndexSM

(EGWESG/EGWESGT)

Action

Company

Ticker

Deletion

California Water Service Group

CWT

Deletion

SJW Group

SJW

Addition

Fortune Brands Innovations Inc

FBIN

Tortoise Decarbonization Infrastructure IndexSM

(DCRBN/DCRBNT)

Action

Company

Ticker

No Changes

Tortoise Recycling Decarbonization UCITS IndexSM

(RECYCLE/RECYCLET)

Action

Company

Ticker

Deletion

China Everbright Greentech Ltd

1257 HK

Deletion

Gevo Inc

GEVO

Tortoise Recycling Decarbonization IndexSM

(RCYCL/RCYCLT)

Action

Company

Ticker

Deletion

China Everbright Greentech Ltd

1257 HK

Deletion

Gevo Inc

GEVO

In addition, Tortoise Capital today announced a change to the concentration limits in the Tortoise North American Pipeline IndexSM (TNAP) methodology. Affiliated securities that share a significant amount of cash flow will now be limited to a 7.5% maximum weight. The change will be effective with the quarterly rebalance reference date of September 11, 2024, which begins trading at the open on September 23, 2024.

Full constituent lists for each index from the previous quarter rebalance can be found here:

Tortoise MLP Index? (TMLP): https://tortoiseadvisors.com/media/1528/tmlp-factsheet-constituent-overview-backup-62424_values.pdf

Tortoise North American Pipeline IndexSM (TNAP): https://tortoiseadvisors.com/media/1530/tnap-factsheet-constituent-overview-backup-62424_values.pdf

Ecofin Global Water ESG Index SM (EGWESG): https://tortoiseadvisors.com/media/1260/egwesg-factsheet-constituent-overview-backup-62424_values.pdf

Tortoise Decarbonization Infrastructure Index SM (DCRBN): https://tortoiseadvisors.com/media/4984/dcrbn-factsheet-constituent-overview-backup-62424_values.pdf

Tortoise Recycling Decarbonization UCITS Index SM (RECYCLE) https://tortoiseadvisors.com/media/4927/recycle-factsheet-constituent-overview-backup-031824_values.pdf

Tortoise Recycling Decarbonization Index SM (RCYCL) https://tortoiseadvisors.com/media/4928/rcycl-factsheet-constituent-overview-backup-31824_values.pdf

About Tortoise Index Solutions (TIS)
TIS provides research-driven indices that can be used as a realistic basis for exchange-traded products and thought leadership in the universe of essential assets. Its indices are intended to fill a void in the market and provide benchmarks and investable asset class universes for use by investment professionals, research analysts and industry executives to analyze relative performance as well as to provide a basis for passively managed exchange-traded products. To learn more, please visit www.tortoiseadvisors.com.