TPYP vs. USAI ETF Comparison

Comparison of Tortoise North American Pipeline Fund ETF (TPYP) to Pacer American Energy Independence ETF (USAI)

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

USAI

Pacer American Energy Independence ETF

USAI Description

The investment seeks to track the performance, before fees and expenses, of the American Energy Independence Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index and depositary receipts representing foreign securities. The index uses a proprietary, rules-based methodology to measure the performance of a portfolio of U.S. and Canadian exchange-listed equity securities of companies that generate a majority of their cash flow from certain qualifying midstream energy infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.71

Average Daily Volume

4,616

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TPYP	USAI
30 Days	1.20%	1.51%
60 Days	6.25%	6.75%
90 Days	9.25%	10.65%
12 Months	19.79%	27.35%

19 Overlapping Holdings

Symbol	Grade	Weight in TPYP	Weight in USAI	Overlap
AM	A	1.67%	2.86%	1.67%
AROC	A	0.92%	2.44%	0.92%
DTM	A	1.34%	3.3%	1.34%
EE	A	0.06%	1.78%	0.06%
ENLC	A	1.14%	2.61%	1.14%
EPD	A	4.04%	4.25%	4.04%
ET	A	4.07%	7.16%	4.07%
GEL	A	0.29%	1.87%	0.29%
HESM	A	0.61%	2.4%	0.61%
KMI	A	6.93%	4.27%	4.27%
KNTK	A	0.48%	2.1%	0.48%
LNG	D	7.35%	7.04%	7.04%
MPLX	A	3.1%	4.09%	3.1%
NFE	F	0.66%	2.05%	0.66%
OKE	A	7.48%	7.25%	7.25%
PAGP	A	0.8%	2.68%	0.8%
TRGP	A	4.26%	4.55%	4.26%
WES	A	1.45%	2.7%	1.45%
WMB	A	7.67%	7.38%	7.38%

TPYP Overweight 18 Positions Relative to USAI

Symbol	Grade	Weight
NI	A	4.02%
ATO	A	3.95%
ETRN	A	1.88%
PAA	A	1.77%
NFG	A	1.7%
SWX	A	1.56%
NJR	A	1.47%
OGS	B	1.23%
SR	A	1.16%
CPK	B	0.81%
SUN	C	0.66%
NS	C	0.54%
NWN	A	0.48%
CQP	D	0.41%
USAC	D	0.33%
GLP	B	0.28%
CAPL	A	0.09%
DKL	D	0.07%

TPYP Underweight 1 Positions Relative to USAI

	Symbol	Grade	Weight
	NEXT	A	-2.07%