TPYP vs. XMLV ETF Comparison

Comparison of Tortoise North American Pipeline Fund ETF (TPYP) to PowerShares S&P MidCap Low Volatility Portfolio (XMLV)

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

$28.36

Average Daily Volume

74,079

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$56.48

Average Daily Volume

38,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TPYP	XMLV
30 Days	2.17%	1.09%
60 Days	5.18%	2.79%
90 Days	13.36%	6.52%
12 Months	21.83%	13.24%

6 Overlapping Holdings

Symbol	Grade	Weight in TPYP	Weight in XMLV	Overlap
AM	A	1.66%	1.36%	1.36%
DTM	A	1.31%	1.45%	1.31%
NFG	A	1.75%	1.45%	1.45%
NJR	B	1.51%	1.37%	1.37%
OGS	C	1.24%	1.26%	1.24%
SR	B	1.15%	1.26%	1.15%

TPYP Overweight 30 Positions Relative to XMLV

Symbol	Grade	Weight
WMB	A	7.69%
OKE	B	7.24%
LNG	D	6.94%
KMI	A	6.83%
TRGP	B	4.15%
ET	A	4.07%
NI	A	4.07%
ATO	A	3.98%
EPD	B	3.89%
MPLX	A	3.07%
ETRN	B	2.04%
PAA	B	1.7%
SWX	A	1.56%
WES	A	1.43%
SUN	D	1.18%
ENLC	B	1.04%
AROC	B	0.94%
CPK	B	0.83%
PAGP	B	0.77%
NFE	F	0.59%
HESM	C	0.59%
NWN	B	0.48%
KNTK	A	0.46%
CQP	C	0.41%
USAC	D	0.3%
GEL	A	0.3%
GLP	C	0.28%
CAPL	B	0.09%
EE	B	0.07%
DKL	D	0.07%

TPYP Underweight 73 Positions Relative to XMLV

Symbol	Grade	Weight
PNM	C	-1.88%
MDU	A	-1.67%
CACI	A	-1.61%
ATR	A	-1.59%
SEIC	C	-1.58%
TXRH	B	-1.56%
CW	A	-1.52%
ORI	A	-1.48%
NNN	B	-1.43%
BWXT	D	-1.43%
SNX	A	-1.42%
IDA	B	-1.41%
DCI	B	-1.41%
OGE	A	-1.4%
ADC	B	-1.4%
POST	B	-1.39%
NWE	B	-1.38%
INGR	A	-1.38%
CASY	A	-1.36%
GLPI	D	-1.35%
KBR	B	-1.34%
MTG	B	-1.32%
ACM	C	-1.31%
CVLT	A	-1.3%
WEN	B	-1.29%
EHC	A	-1.29%
FLO	B	-1.28%
POR	B	-1.28%
AIRC	A	-1.27%
BJ	B	-1.26%
USFD	C	-1.26%
WTRG	B	-1.25%
RGA	A	-1.25%
GHC	A	-1.24%
MUSA	D	-1.24%
CHE	D	-1.23%
ALE	B	-1.21%
AVT	A	-1.2%
OHI	B	-1.19%
ESNT	C	-1.19%
BKH	B	-1.19%
MSM	F	-1.19%
SIGI	F	-1.18%
AFG	C	-1.18%
HLI	A	-1.17%
SAIC	C	-1.17%
COLM	B	-1.17%
THG	A	-1.17%
GATX	C	-1.17%
SON	C	-1.14%
LSTR	D	-1.13%
GNTX	D	-1.13%
DLB	C	-1.12%
NBIX	B	-1.11%
FNF	B	-1.1%
STAG	D	-1.09%
WPC	C	-1.08%
NEU	D	-1.07%
PFGC	D	-1.06%
FR	D	-1.06%
PCH	D	-1.05%
CHH	F	-1.05%
LECO	D	-1.05%
EPR	C	-1.04%
RS	D	-1.04%
BRX	C	-1.04%
ELS	D	-1.04%
EGP	D	-1.03%
FHI	D	-1.02%
PRI	D	-1.0%
WH	F	-0.99%
G	D	-0.97%
WERN	D	-0.94%