EMLP vs. PWV ETF Comparison

Comparison of First Trust North American Energy Infrastructure Fund (EMLP) to PowerShares Dynamic LargeCap Value (PWV)

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.83

Average Daily Volume

158,878

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$61.49

Average Daily Volume

32,647

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EMLP	PWV
30 Days	9.70%	3.32%
60 Days	12.94%	4.95%
90 Days	16.05%	5.26%
12 Months	41.78%	29.91%

4 Overlapping Holdings

Symbol	Grade	Weight in EMLP	Weight in PWV	Overlap
ET	A	7.17%	1.48%	1.48%
KMI	A	4.87%	1.72%	1.72%
LNG	A	1.6%	1.57%	1.57%
OKE	A	5.41%	1.68%	1.68%

EMLP Overweight 47 Positions Relative to PWV

Symbol	Grade	Weight
EPD	A	8.77%
DTM	A	4.56%
PAGP	A	4.53%
SRE	A	4.15%
MPLX	A	3.98%
TRGP	A	3.47%
NFG	A	2.89%
WMB	A	2.46%
PPL	A	2.43%
PEG	A	2.29%
AEP	C	2.27%
PWR	A	2.24%
ATO	A	1.61%
AES	F	1.46%
LNT	A	1.43%
VST	A	1.34%
ETR	B	1.28%
SUN	B	1.24%
DTE	C	1.22%
XEL	A	1.15%
FLR	B	1.14%
CQP	B	1.05%
OGS	A	1.02%
WEC	A	1.01%
CMS	C	0.97%
EVRG	A	0.82%
CNP	A	0.81%
D	C	0.76%
WLKP	A	0.76%
DUK	C	0.69%
HESM	B	0.62%
NEP	F	0.58%
AROC	A	0.57%
IDA	A	0.52%
CWEN	C	0.52%
WTRG	B	0.51%
NEE	C	0.46%
SO	C	0.45%
NJR	A	0.44%
AEE	A	0.28%
CEG	C	0.26%
CPK	A	0.24%
USAC	B	0.11%
EXC	C	0.09%
UGI	C	0.08%
AWK	C	0.05%
ENLC	A	0.0%

EMLP Underweight 45 Positions Relative to PWV

Symbol	Grade	Weight
WFC	A	-4.15%
BAC	A	-3.7%
JPM	A	-3.52%
CVX	A	-3.52%
IBM	C	-3.37%
XOM	B	-3.28%
ABT	B	-3.26%
BRK.A	B	-3.25%
VZ	C	-3.16%
PG	C	-3.16%
TXN	C	-3.13%
JNJ	C	-2.98%
AMGN	F	-2.9%
KO	D	-2.8%
ABBV	F	-2.77%
MS	A	-1.78%
COF	C	-1.77%
DELL	B	-1.65%
JCI	B	-1.64%
CMI	A	-1.63%
GM	C	-1.61%
PNC	B	-1.6%
BK	A	-1.59%
URI	C	-1.58%
T	A	-1.56%
KR	B	-1.54%
CAT	B	-1.52%
MET	A	-1.51%
LHX	C	-1.48%
PRU	A	-1.47%
EOG	A	-1.45%
CB	C	-1.42%
AIG	B	-1.39%
AFL	B	-1.39%
RTX	D	-1.37%
VLO	C	-1.36%
PSX	C	-1.32%
LMT	D	-1.32%
MPC	D	-1.27%
LEN	D	-1.27%
KMB	C	-1.26%
CI	D	-1.25%
DHI	F	-1.19%
CNC	D	-1.03%
ELV	F	-1.02%