Tortoise Announces Index Updates for Third Quarter 2018

Tortoise today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2018. Following the close of trading on Sept. 21, 2018, the indices will be rebalanced and as a result, the following changes will become effective.

The full constituent list can be viewed at tortoiseadvisors.com/tmlp/constituents.

Please note that Viper Energy Partners LP (VNOM) was retroactively removed from TMLP post the second quarter 2018 rebalance.

TNAP methodology update:

Tortoise also announced an addition to the index construction and maintenance section of the TNAP security methodology as follows: Security Limits: A minimum of 30 securities will be in the index. Should the number of securities that meet the index inclusion criteria fall below 30, the index may include additional securities to maintain an investible and diversified index. As of today there are 77 constituents in the TNAP Index.

The full constituent list can be viewed at tortoiseadvisors.com/tnap/constituents.

The full constituent list can be viewed at tortoiseadvisors.com/tnep/constituents.

The full constituent list can be viewed at tortoiseadvisors.com/tgwesg/constituents/.

There are no third quarter rebalancing updates to report for Tortoise Water Index℠ (TBLUE/TBLUET).

About Tortoise

Tortoise specializes in essential assets and income. Tortoise invests in assets and services that serve essential needs in society and can also serve essential client needs, such as diversification and income. Tortoise’s actively researched indices fill a void in the essential asset universe and provide a platform for passively managed exchange-traded products. Through a variety of investment vehicles, Tortoise provides a wide range of client solutions, focused on their evolving needs. For more information, please visit www.tortoiseadvisors.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.

About Tortoise North American Pipeline Index℠

The Tortoise North American Pipeline Index 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 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).

About Tortoise North American Oil & Gas Producers Index℠

The Tortoise North American Oil & Gas Producers Index is a float-adjusted, capitalization weighted index of North American energy companies primarily engaged in the production of crude oil, condensate, natural gas or natural gas liquids (NGLs). The index includes exploration and production companies structured as corporations, limited liability companies, and master limited partnerships, but excludes United States royalty trusts.

About Tortoise Global Water ESG Total Return Index℠

Tortoise Global Water ESG Total Return Index℠ 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.

About Tortoise Water Index℠

The Tortoise Water Index is a float-adjusted, modified market capitalization-weighted index comprised of companies that are materially engaged in the water infrastructure or water management industries. Water infrastructure companies’ principal business is providing public water distribution or supporting water distribution infrastructure via equipment or engineering and construction. Water management companies’ primary business is providing technologies or products that manage or facilitate water distribution and usage, including the fields of water efficiency, water treatment and irrigation.

The indices are the exclusive property of Tortoise Index Solutions, LLC, 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 Index℠ and Tortoise North American Oil and Gas Producers Index℠ (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 Tortoise Index Solutions, LLC 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”).

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.

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