TPYP vs. MDIV ETF Comparison

Comparison of Tortoise North American Pipeline Fund ETF (TPYP) to Multi-Asset Diversified Income Index Fund (MDIV)

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

$36.64

Average Daily Volume

49,565

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.67

Average Daily Volume

86,599

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

Performance

Period	TPYP	MDIV
30 Days	11.71%	1.28%
60 Days	17.21%	0.73%
90 Days	20.00%	2.82%
12 Months	49.05%	17.80%

20 Overlapping Holdings

Symbol	Grade	Weight in TPYP	Weight in MDIV	Overlap
CAPL	C	0.07%	1.17%	0.07%
CQP	B	0.36%	0.92%	0.36%
DKL	C	0.09%	1.2%	0.09%
DTM	A	1.7%	0.45%	0.45%
ENLC	A	1.2%	0.51%	0.51%
EPD	A	3.67%	0.82%	0.82%
ET	A	3.8%	0.91%	0.91%
GEL	D	0.22%	0.44%	0.22%
GLP	A	0.24%	0.96%	0.24%
MPLX	A	3.08%	0.95%	0.95%
NFG	A	1.74%	0.32%	0.32%
NJR	A	1.48%	0.34%	0.34%
OGS	A	1.33%	0.38%	0.38%
OKE	A	7.92%	0.51%	0.51%
PAA	B	1.4%	0.71%	0.71%
PAGP	A	0.63%	0.67%	0.63%
SR	A	1.19%	0.42%	0.42%
SUN	B	0.99%	0.74%	0.74%
USAC	B	0.32%	1.16%	0.32%
WES	C	1.27%	0.86%	0.86%

TPYP Overweight 15 Positions Relative to MDIV

Symbol	Grade	Weight
WMB	A	8.24%
KMI	A	7.75%
LNG	A	7.11%
TRGP	A	4.7%
ATO	A	3.83%
NI	A	3.81%
AM	A	1.59%
SWX	B	1.44%
AROC	A	1.25%
CPK	A	0.89%
KNTK	A	0.66%
HESM	B	0.63%
NWN	A	0.5%
NFE	D	0.3%
EE	A	0.08%

TPYP Underweight 83 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	B	-20.0%
IEP	F	-1.51%
PMT	C	-1.47%
ARLP	A	-1.41%
DMLP	A	-1.3%
BSM	B	-1.28%
KRP	B	-1.27%
AGNCN	A	-1.09%
APLE	B	-1.05%
LADR	B	-1.03%
EPR	C	-0.99%
LTC	B	-0.94%
NRP	B	-0.89%
GTY	A	-0.84%
HST	C	-0.83%
FITBI	B	-0.79%
GLPI	C	-0.79%
CHSCO	B	-0.78%
SPG	A	-0.77%
CHSCL	B	-0.76%
AAT	B	-0.72%
CHSCN	D	-0.72%
RZC	C	-0.72%
VICI	C	-0.71%
IIPR	D	-0.71%
FCPT	C	-0.71%
CHSCM	D	-0.69%
NHI	D	-0.65%
WU	F	-0.64%
NNN	C	-0.64%
BRX	A	-0.63%
ALEX	B	-0.62%
LAMR	C	-0.61%
VZ	C	-0.6%
CTRE	C	-0.6%
T	A	-0.6%
CDP	C	-0.58%
REG	A	-0.57%
MAA	B	-0.57%
PSA	C	-0.56%
CUBE	C	-0.56%
BMY	B	-0.55%
CHRD	D	-0.54%
FANG	C	-0.47%
TROW	B	-0.46%
NWE	B	-0.45%
GILD	C	-0.44%
EVRG	A	-0.44%
ETR	B	-0.44%
BKH	A	-0.43%
AVA	A	-0.43%
HMN	B	-0.42%
PINC	B	-0.42%
LYB	F	-0.41%
CVX	A	-0.41%
PRU	A	-0.4%
PNM	B	-0.39%
XEL	A	-0.39%
VTRS	A	-0.39%
EXC	C	-0.38%
CAG	F	-0.38%
KHC	F	-0.38%
ES	C	-0.37%
FLO	D	-0.37%
WEC	A	-0.37%
DVN	F	-0.36%
POR	C	-0.36%
PNC	B	-0.36%
MSM	C	-0.36%
DRI	B	-0.36%
FE	C	-0.35%
IBM	C	-0.34%
IPG	D	-0.34%
EIX	B	-0.34%
DUK	C	-0.34%
SJM	D	-0.33%
FAF	A	-0.33%
SON	F	-0.32%
KMB	C	-0.31%
MDT	D	-0.31%
AEP	C	-0.31%
GIS	D	-0.3%
NMM	D	-0.05%