TPYP vs. AMNA ETF Comparison

Comparison of Tortoise North American Pipeline Fund ETF (TPYP) to ETRACS Alerian Midstream Energy Index ETN (AMNA)

TPYP

Tortoise North American Pipeline Fund ETF

TPYP Description

The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise North American Pipeline Index (the "underlying index"). The fund will normally invest at least 80% of its total assets in securities that comprise the underlying index (or depository receipts based on such securities). The underlying index is a proprietary rules-based, capitalization weighted, float adjusted index designed to track the overall performance of equity securities of North American Pipeline Companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.89

Average Daily Volume

74,287

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMNA

ETRACS Alerian Midstream Energy Index ETN

AMNA Description

The investment seeks to provide an unleveraged long exposure to the performance of the Alerian Midstream Energy Index, subject to a Daily Tracking Fee. The index is a broad based composite of North American energy infrastructure companies that earn the majority of their cash flow from midstream energy activities involving energy commodities. Investing in the Securities involves significant risks.

Grade (RS Rating)

Last Trade

$41.51

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TPYP	AMNA
30 Days	1.20%	0.37%
60 Days	6.25%	5.41%
90 Days	9.25%	9.93%
12 Months	19.79%	19.69%

6 Overlapping Holdings

Symbol	Grade	Weight in TPYP	Weight in AMNA	Overlap
AM	A	1.67%	1.05%	1.05%
CQP	D	0.41%	8.07%	0.41%
ETRN	A	1.88%	1.2%	1.2%
HESM	A	0.61%	0.18%	0.18%
KMI	A	6.93%	9.34%	6.93%
MPLX	A	3.1%	3.41%	3.1%

TPYP Overweight 31 Positions Relative to AMNA

Symbol	Grade	Weight
WMB	A	7.67%
OKE	A	7.48%
LNG	D	7.35%
TRGP	A	4.26%
ET	A	4.07%
EPD	A	4.04%
NI	A	4.02%
ATO	A	3.95%
PAA	A	1.77%
NFG	A	1.7%
SWX	A	1.56%
NJR	A	1.47%
WES	A	1.45%
DTM	A	1.34%
OGS	B	1.23%
SR	A	1.16%
ENLC	A	1.14%
AROC	A	0.92%
CPK	B	0.81%
PAGP	A	0.8%
NFE	F	0.66%
SUN	C	0.66%
NS	C	0.54%
KNTK	A	0.48%
NWN	A	0.48%
USAC	D	0.33%
GEL	A	0.29%
GLP	B	0.28%
CAPL	A	0.09%
DKL	D	0.07%
EE	A	0.06%

TPYP Underweight 5 Positions Relative to AMNA

Symbol	Grade	Weight
ENB	B	-9.59%
PBA	A	-5.04%
KEY	B	-1.47%
TELL	F	-0.32%
NGL	B	-0.07%