EMLP vs. PXE ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to PowerShares Dynamic Energy E&P (PXE)

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$29.57

Average Daily Volume

197,569

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PXE

PowerShares Dynamic Energy E&P

PXE Description

The PowerShares Energy Exploration & Production Portfolio (Fund) is based on the Dynamic Energy Exploration & Production IntellidexSM Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intellidex Index thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is composed of stocks of 30 U.S. companies involved in the exploration and production of natural resources used to produce energy. These companies are engaged principally in exploration, extraction and production of crude oil and natural gas from land-based or offshore wells. These companies include petroleum refineries that process the crude oil into finished products, such as gasoline and automotive lubricants, and companies involved in gathering and processing natural gas, and manufacturing natural gas liquid. The Fund is rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$35.92

Average Daily Volume

47,467

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	PXE
30 Days	1.09%	1.76%
60 Days	7.53%	12.89%
90 Days	9.03%	18.07%
12 Months	14.02%	41.79%

1 Overlapping Holdings

	Symbol	Grade	Weight in EMLP	Weight in PXE	Overlap
	NFG	A	3.1%	2.6%	2.6%

EMLP Overweight 50 Positions Relative to PXE

Symbol	Grade	Weight
EPD	A	8.36%
ET	A	7.36%
PAGP	A	5.25%
OKE	A	4.95%
KMI	A	4.45%
DTM	A	4.09%
MPLX	A	4.01%
SRE	B	3.95%
TRGP	A	2.75%
PEG	A	2.58%
PPL	A	2.55%
AEP	A	2.46%
LNT	A	2.22%
PWR	A	2.22%
WMB	A	2.1%
SO	A	2.07%
ATO	A	2.01%
WEC	B	1.69%
OGS	B	1.51%
LNG	B	1.44%
XEL	B	1.33%
EVRG	A	1.27%
DTE	B	1.25%
ETR	A	1.23%
CMS	A	1.23%
FLR	A	1.06%
AES	B	1.03%
NEP	D	0.99%
CQP	C	0.92%
WLKP	C	0.9%
HESM	D	0.75%
DUK	A	0.74%
CNP	A	0.73%
VST	A	0.69%
WTRG	B	0.66%
IDA	A	0.51%
CWEN	B	0.49%
NJR	A	0.49%
AROC	A	0.49%
ES	A	0.48%
SUN	C	0.48%
AEE	B	0.28%
D	A	0.26%
CEG	A	0.26%
CPK	A	0.24%
USAC	D	0.15%
EXC	B	0.11%
UGI	A	0.1%
AWK	C	0.05%
ENLC	A	0.0%

EMLP Underweight 28 Positions Relative to PXE

Symbol	Grade	Weight
VLO	B	-5.35%
MPC	B	-5.28%
DVN	A	-5.27%
COP	A	-5.19%
EOG	A	-5.18%
FANG	A	-5.05%
CTRA	A	-4.92%
PSX	B	-4.83%
SM	A	-3.0%
CRK	A	-2.97%
CNX	A	-2.92%
PBF	A	-2.9%
PR	A	-2.9%
MRO	B	-2.87%
MUR	A	-2.84%
OVV	A	-2.82%
GPOR	A	-2.79%
RRC	A	-2.76%
CHK	A	-2.73%
MTDR	A	-2.67%
CHRD	A	-2.65%
DK	B	-2.61%
APA	B	-2.54%
CRC	A	-2.45%
CRGY	F	-2.39%
DINO	D	-2.3%
CVI	D	-2.29%
PARR	D	-1.98%

PXE: Top Represented Industries & Keywords

Industries: Oil & Gas E&P Oil & Gas Refining & Marketing