NSCS vs. EMLP ETF Comparison

Comparison of Nuveen Small Cap Select ETF (NSCS) to First Trust North American Energy Infrastructure Fund (EMLP)

NSCS

Nuveen Small Cap Select ETF

NSCS Description

The investment seeks capital appreciation. Under normal market conditions, the fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in exchange-traded common stocks of small-capitalization companies. It may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers listed on a foreign exchange that trade on such exchange contemporaneously with the shares of the fund. Up to 15% of the fund's total assets may be invested in equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$27.25

Average Daily Volume

1,609

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$31.56

Average Daily Volume

165,918

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NSCS	EMLP
30 Days	6.00%	5.05%
60 Days	3.20%	4.20%
90 Days	5.58%	7.34%
12 Months	15.45%	19.29%

1 Overlapping Holdings

	Symbol	Grade	Weight in NSCS	Weight in EMLP	Overlap
	FLR	C	1.49%	1.18%	1.18%

NSCS Overweight 78 Positions Relative to EMLP

Symbol	Grade	Weight
EVR	B	2.21%
WTFC	C	2.17%
NOG	B	2.04%
PIPR	B	1.95%
QTWO	B	1.73%
MGNI	C	1.58%
PRMW	C	1.57%
HQY	D	1.57%
ICHR	F	1.56%
ONTO	F	1.5%
MMSI	B	1.5%
MTDR	D	1.49%
CVLT	B	1.46%
ESE	B	1.45%
EGP	A	1.44%
SSB	B	1.44%
HOMB	B	1.41%
STAG	A	1.4%
AVAV	D	1.4%
AIT	C	1.38%
ACA	B	1.37%
MMS	B	1.36%
SUM	B	1.33%
ASGN	D	1.3%
TTMI	C	1.3%
KTOS	B	1.3%
SHOO	C	1.29%
DO	C	1.28%
ASO	F	1.27%
SHAK	C	1.24%
EHC	A	1.24%
NPO	C	1.23%
BANR	C	1.22%
BKH	A	1.22%
OPCH	C	1.21%
ARCB	B	1.2%
SLGN	A	1.2%
WK	F	1.19%
KEX	C	1.18%
ENV	D	1.17%
FIBK	C	1.16%
AVNT	B	1.13%
GKOS	C	1.11%
SLAB	F	1.08%
PFBC	C	1.08%
TROX	D	1.06%
LADR	B	1.04%
RDNT	C	1.03%
SEM	B	1.01%
CMC	B	1.01%
MODG	C	1.0%
BRBR	D	0.99%
DAN	D	0.98%
EVRI	B	0.95%
ZD	F	0.94%
SIG	F	0.91%
GDYN	C	0.9%
SR	B	0.87%
ARRY	F	0.85%
PRI	A	0.82%
KRYS	C	0.82%
BYD	C	0.8%
HALO	B	0.79%
ARHS	D	0.77%
RBRK	C	0.75%
INSM	B	0.74%
FROG	C	0.74%
PGNY	D	0.71%
CRNX	B	0.7%
INN	B	0.68%
ESTA	D	0.66%
SIBN	D	0.61%
MDGL	C	0.55%
PWSC	B	0.53%
IMVT	C	0.52%
PCRX	F	0.47%
BPMC	C	0.44%
TCMD	D	0.41%

NSCS Underweight 50 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	B	-8.42%
ET	A	-6.8%
PAGP	B	-4.77%
KMI	B	-4.74%
OKE	B	-4.72%
DTM	A	-4.45%
SRE	A	-4.09%
MPLX	A	-3.88%
NFG	A	-3.05%
TRGP	A	-2.94%
PEG	A	-2.77%
AEP	A	-2.6%
PPL	A	-2.45%
WMB	B	-2.16%
PWR	D	-2.11%
SO	A	-2.07%
LNT	A	-2.06%
ATO	A	-2.02%
WEC	A	-1.62%
OGS	B	-1.54%
LNG	A	-1.52%
ETR	A	-1.31%
XEL	B	-1.3%
EVRG	A	-1.3%
DTE	A	-1.26%
SUN	C	-1.25%
CMS	A	-1.22%
CQP	C	-0.99%
AES	D	-0.98%
WLKP	B	-0.89%
NEP	F	-0.84%
VST	D	-0.79%
DUK	A	-0.76%
HESM	B	-0.74%
WTRG	A	-0.69%
CNP	F	-0.69%
D	A	-0.52%
CWEN	A	-0.51%
NJR	A	-0.49%
IDA	A	-0.49%
ES	A	-0.48%
AROC	C	-0.42%
AEE	A	-0.27%
CPK	A	-0.25%
CEG	D	-0.23%
USAC	F	-0.13%
EXC	B	-0.1%
UGI	A	-0.09%
AWK	A	-0.06%
ENLC	B	-0.0%