MDIV vs. TPYP ETF Comparison

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

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

$16.63

Average Daily Volume

77,998

Number of Holdings ^*

103

* 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

$32.47

Average Daily Volume

58,407

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDIV	TPYP
30 Days	2.03%	5.62%
60 Days	6.07%	13.28%
90 Days	7.36%	14.19%
12 Months	23.67%	42.53%

20 Overlapping Holdings

Symbol	Grade	Weight in MDIV	Weight in TPYP	Overlap
CAPL	B	1.19%	0.07%	0.07%
CQP	D	0.86%	0.36%	0.36%
DKL	B	1.35%	0.1%	0.1%
DTM	A	0.35%	1.49%	0.35%
ENLC	A	0.47%	1.24%	0.47%
EPD	A	0.77%	3.84%	0.77%
ET	A	0.85%	3.9%	0.85%
GEL	D	0.51%	0.28%	0.28%
GLP	B	0.89%	0.25%	0.25%
MPLX	B	0.9%	3.28%	0.9%
NFG	A	0.32%	1.86%	0.32%
NJR	C	0.34%	1.58%	0.34%
OGS	C	0.38%	1.42%	0.38%
OKE	A	0.43%	7.52%	0.43%
PAA	B	0.71%	1.62%	0.71%
PAGP	B	0.67%	0.73%	0.67%
SR	D	0.42%	1.31%	0.42%
SUN	D	0.76%	1.11%	0.76%
USAC	D	1.15%	0.35%	0.35%
WES	B	0.86%	1.46%	0.86%

MDIV Overweight 83 Positions Relative to TPYP

Symbol	Grade	Weight
HYLS	B	19.97%
IEP	F	1.61%
PMT	B	1.59%
ARLP	A	1.29%
BSM	B	1.25%
KRP	B	1.24%
DMLP	B	1.19%
EPR	C	1.09%
AGNCN	A	1.09%
LADR	D	1.02%
APLE	B	0.99%
IIPR	C	0.92%
LTC	D	0.9%
GTY	C	0.85%
HST	D	0.83%
GLPI	C	0.83%
NRP	A	0.8%
FITBI	A	0.78%
CHSCO	C	0.77%
CHSCL	B	0.75%
VICI	C	0.75%
NNN	C	0.74%
FCPT	C	0.74%
CHSCN	C	0.72%
WU	D	0.72%
SPG	A	0.72%
CHSCM	C	0.71%
RZC	C	0.71%
AAT	C	0.7%
NHI	C	0.7%
VZ	C	0.66%
LAMR	C	0.64%
CTRE	C	0.62%
ALEX	D	0.62%
CUBE	C	0.62%
PSA	C	0.61%
BRX	C	0.61%
T	B	0.59%
MAA	D	0.58%
CDP	A	0.58%
REG	C	0.55%
CHRD	F	0.53%
BMY	A	0.48%
NWE	C	0.47%
LYB	B	0.47%
CAG	D	0.45%
AVA	D	0.45%
FANG	D	0.44%
EVRG	C	0.43%
KHC	F	0.42%
BKH	C	0.42%
TROW	D	0.41%
ETR	A	0.4%
EXC	C	0.4%
ES	D	0.4%
FLO	D	0.39%
GILD	A	0.39%
POR	D	0.38%
PRU	B	0.38%
PNM	B	0.37%
PINC	F	0.37%
WEC	B	0.37%
CVX	B	0.37%
FE	C	0.37%
VTRS	D	0.36%
EIX	C	0.36%
MSM	D	0.36%
XEL	C	0.36%
IPG	D	0.36%
DRI	C	0.35%
IBM	A	0.35%
HMN	B	0.35%
DVN	F	0.35%
SJM	D	0.35%
DUK	C	0.35%
GIS	C	0.34%
FAF	C	0.34%
AEP	C	0.34%
SON	D	0.34%
MDT	C	0.33%
KMB	D	0.33%
PNC	C	0.32%
NMM	B	0.06%

MDIV Underweight 15 Positions Relative to TPYP

Symbol	Grade	Weight
WMB	A	-7.32%
KMI	A	-6.93%
LNG	A	-6.61%
TRGP	A	-4.11%
NI	A	-3.9%
ATO	A	-3.88%
AM	A	-1.73%
SWX	C	-1.53%
AROC	B	-1.2%
CPK	C	-0.93%
HESM	C	-0.63%
KNTK	A	-0.6%
NWN	D	-0.53%
NFE	F	-0.21%
EE	B	-0.07%