CAMX vs. TPYP ETF Comparison

Comparison of The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF (CAMX) to Tortoise North American Pipeline Fund ETF (TPYP)

CAMX

The Advisors? Inner Circle Fund Cambiar Aggressive Value ETF

CAMX Description

Under normal circumstances, the fund primarily invests in equity securities of companies located in the United States. The fund typically invests in a portfolio of 20-30 issuers that Cambiar Investors, the fund"s investment adviser, believes represent the best opportunities for long-term capital appreciation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.99

Average Daily Volume

432

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$35.88

Average Daily Volume

49,369

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CAMX	TPYP
30 Days	-0.32%	8.86%
60 Days	2.11%	14.78%
90 Days	2.29%	18.86%
12 Months	21.05%	47.03%

1 Overlapping Holdings

	Symbol	Grade	Weight in CAMX	Weight in TPYP	Overlap
	ET	A	3.9%	3.8%	3.8%

CAMX Overweight 23 Positions Relative to TPYP

Symbol	Grade	Weight
DAL	A	6.92%
CME	A	5.18%
AL	B	5.05%
BMY	A	4.65%
LH	B	4.59%
CMCSA	B	4.29%
MDT	D	4.19%
GOOGL	B	4.11%
TXN	C	4.0%
PPG	F	3.63%
UNP	D	3.28%
DEO	F	3.25%
ELV	F	3.01%
ABNB	D	2.94%
UBER	F	2.86%
CNC	F	2.78%
CVX	A	2.53%
CTVA	C	2.32%
EL	F	2.23%
GS	B	2.01%
WAT	C	1.96%
AXP	B	1.57%
AMAT	F	1.25%

CAMX Underweight 34 Positions Relative to TPYP

Symbol	Grade	Weight
WMB	A	-8.24%
OKE	A	-7.92%
KMI	A	-7.75%
LNG	A	-7.11%
TRGP	A	-4.7%
ATO	A	-3.83%
NI	A	-3.81%
EPD	A	-3.67%
MPLX	A	-3.08%
NFG	A	-1.74%
DTM	A	-1.7%
AM	A	-1.59%
NJR	A	-1.48%
SWX	A	-1.44%
PAA	A	-1.4%
OGS	A	-1.33%
WES	C	-1.27%
AROC	A	-1.25%
ENLC	A	-1.2%
SR	A	-1.19%
SUN	B	-0.99%
CPK	A	-0.89%
KNTK	A	-0.66%
HESM	A	-0.63%
PAGP	A	-0.63%
NWN	A	-0.5%
CQP	B	-0.36%
USAC	B	-0.32%
NFE	F	-0.3%
GLP	A	-0.24%
GEL	D	-0.22%
DKL	C	-0.09%
EE	A	-0.08%
CAPL	D	-0.07%