TortoiseEcofin Announces Index Updates for Fourth Quarter 2022
TortoiseEcofin announced its quarterly index rebalancing, effective after December 16, 2022. Changes in the Tortoise MLP Index (TMLP) include the addition of Alliance Resource Partners LP and EnLink Midstream LLC, while NGL Energy Partners LP is to be deleted. No changes are reported for the Tortoise North American Pipeline Index (TNAP) and Tortoise Decarbonization Infrastructure Index (DCRBN), with the Ecofin Global Water ESG Index (EGWESG) also seeing additions and deletions. For complete details, visit their website.
- Addition of Alliance Resource Partners LP (ARLP US) to Tortoise MLP Index.
- Addition of EnLink Midstream LLC (ENLC US) to Tortoise MLP Index.
- Addition of SJW Group (SJW US) to Ecofin Global Water ESG Index.
- Deletion of NGL Energy Partners LP (NGL US) from Tortoise MLP Index.
- Deletion of Uponor OYJ (UPONOR FH) from Ecofin Global Water ESG Index.
- Deletion of Volta Inc (VLTA US) from Tortoise Decarbonization Infrastructure Index.
OVERLAND PARK, KS / ACCESSWIRE / December 9, 2022 / TortoiseEcofin today announced additions and deletions to its indices as part of its regular quarterly rebalancing for the fourth quarter of 2022. Following the close of trading on Friday, December 16, 2022, 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 | Alliance Resource Partners LP | ARLP US |
| Addition | EnLink Midstream LLC | ENLC US |
| Deletion | NGL Energy Partners LP | NGL US |
Tortoise North American Pipeline IndexSM | ||
(TNAP/TNAPT) | ||
| Action | Company | Ticker |
| No Changes | NA | NA |
Ecofin Global Water ESG Index SM | ||
(EGWESGT) | ||
| Action | Company | Ticker |
| Addition | SJW Group | SJW US |
| Deletion | Uponor OYJ | UPONOR FH |
Tortoise Decarbonization Infrastructure Index SM | ||
(DCRBN/DCRBNT) | ||
| Action | Company | Ticker |
| Deletion | Volta Inc | VLTA US |
Full constituent lists for each index from the previous quarter rebalance can be found here:
Tortoise MLP Index® (TMLP):
https://tortoiseecofin.com/media/1528/tmlp-constituent-overview-091922.pdf
Tortoise North American Pipeline IndexSM (TNAP):
https://tortoiseecofin.com/media/1530/tnap-constituent-overview-091922.pdf
Ecofin Global Water ESG Index SM (EGWESG):
https://tortoiseecofin.com/media/1260/egwesg-constituent-overview-091922.pdf
Tortoise Decarbonization Infrastructure Index SM (DCRBN)
https://tortoiseecofin.com/media/4984/dcrbn-constituent-overview-091922.pdf
About TortoiseEcofin
TortoiseEcofin focuses on essential assets - those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, visit www.TortoiseEcofin.com.
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification ("SIC") system code that indicates the company operates in the energy pipeline industry or 2) has at least
The Ecofin Global Water ESG IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.
The indices mentioned above are the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM, and Ecofin Global Water ESG IndexSM (the "Indices"). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, "S&P Dow Jones Indices"). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. "Calculated by S&P Dow Jones Indices" and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor's Financial Services LLC ("SPFS"), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones").
The Tortoise Decarbonization Infrastructure IndexSM is a float-adjusted, capitalization weighted index of decarbonizing infrastructure companies that are organized and have their principal place of business in the United States or Canada. We define a decarbonization infrastructure company as a company that primarily owns natural gas and/ or natural gas liquids infrastructure including pipelines and local distribution companies, electric generation, transmission and distribution, battery storage, electric charging infrastructure, residential rooftop solar facilities and/ or renewable fuels.
The indices mentioned above are the exclusive property of TIS Advisors and is calculated by Solactive AG ("Solactive"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG ("Solactive") in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. TortoiseEcofin makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Contact Information
For more information contact Jen Ashlock at (913) 981-1020 or info@tortoiseecofin.com.
SOURCE: TortoiseEcofin
View source version on accesswire.com:
https://www.accesswire.com/731139/TortoiseEcofin-Announces-Index-Updates-for-Fourth-Quarter-2022
FAQ
What changes were made to Tortoise MLP Index (TMLP) in December 2022?
Which companies were added to the Ecofin Global Water ESG Index (EGWESG)?
When will the index changes for TMLP and TNAP take effect?
Is there any change in the Tortoise North American Pipeline Index (TNAP)?
What is the impact of the index changes on TMLP and TNAP shareholders?
