TPYP vs. FDLS ETF Comparison

Comparison of Tortoise North American Pipeline Fund ETF (TPYP) to Inspire Fidelis Multi Factor ETF (FDLS)

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

$36.69

Average Daily Volume

49,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.92

Average Daily Volume

11,396

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	TPYP	FDLS
30 Days	12.24%	8.72%
60 Days	15.88%	8.68%
90 Days	20.16%	8.22%
12 Months	49.25%	26.97%

3 Overlapping Holdings

Symbol	Grade	Weight in TPYP	Weight in FDLS	Overlap
MPLX	A	3.08%	1.0%	1.0%
TRGP	B	4.7%	1.19%	1.19%
WES	C	1.27%	0.92%	0.92%

TPYP Overweight 32 Positions Relative to FDLS

Symbol	Grade	Weight
WMB	A	8.24%
OKE	A	7.92%
KMI	A	7.75%
LNG	B	7.11%
ATO	A	3.83%
NI	A	3.81%
ET	A	3.8%
EPD	A	3.67%
NFG	A	1.74%
DTM	B	1.7%
AM	A	1.59%
NJR	A	1.48%
SWX	B	1.44%
PAA	B	1.4%
OGS	A	1.33%
AROC	B	1.25%
ENLC	A	1.2%
SR	A	1.19%
SUN	B	0.99%
CPK	A	0.89%
KNTK	B	0.66%
HESM	B	0.63%
PAGP	A	0.63%
NWN	A	0.5%
CQP	B	0.36%
USAC	B	0.32%
NFE	D	0.3%
GLP	A	0.24%
GEL	D	0.22%
DKL	C	0.09%
EE	A	0.08%
CAPL	D	0.07%

TPYP Underweight 95 Positions Relative to FDLS

Symbol	Grade	Weight
HNST	B	-1.64%
POWL	C	-1.51%
SMWB	B	-1.32%
DAL	C	-1.31%
DOCU	A	-1.31%
SFM	A	-1.3%
IBKR	A	-1.28%
TILE	B	-1.27%
TDS	B	-1.24%
CEIX	A	-1.22%
NECB	B	-1.21%
OPRA	A	-1.19%
TCBX	A	-1.19%
HQY	B	-1.17%
GRMN	B	-1.16%
NTNX	A	-1.16%
PPC	C	-1.13%
BKR	B	-1.12%
HWM	A	-1.12%
QCRH	A	-1.12%
FIX	A	-1.11%
STLD	B	-1.11%
DECK	A	-1.11%
EME	C	-1.09%
VIRT	B	-1.07%
TCMD	A	-1.07%
BBW	B	-1.07%
GEN	B	-1.07%
ACIW	B	-1.07%
EHC	B	-1.06%
FCNCA	A	-1.06%
GFF	A	-1.06%
ITRI	B	-1.06%
HSTM	B	-1.06%
CVLT	B	-1.06%
CTAS	B	-1.04%
BFH	B	-1.03%
TSM	B	-1.02%
VNET	B	-1.02%
OSPN	A	-1.02%
LGTY	D	-1.01%
RGA	A	-1.01%
TSN	B	-1.0%
CAT	B	-1.0%
WLDN	D	-0.99%
WRB	A	-0.99%
QNST	B	-0.99%
ADMA	B	-0.99%
WWD	B	-0.99%
CHWY	B	-0.99%
PNW	B	-0.98%
VIRC	B	-0.98%
CPRX	C	-0.98%
PGR	A	-0.98%
BMI	B	-0.97%
APPF	B	-0.97%
LII	A	-0.96%
CSTL	D	-0.96%
MGIC	F	-0.96%
FANG	D	-0.96%
RNR	C	-0.95%
CBT	C	-0.95%
THC	D	-0.94%
MNDY	C	-0.94%
OFG	B	-0.93%
FRST	B	-0.92%
DVA	B	-0.91%
FRBA	C	-0.9%
BELFB	C	-0.9%
RMD	C	-0.9%
UGI	A	-0.9%
QCOM	F	-0.9%
SAIC	F	-0.89%
ESEA	D	-0.87%
BCRX	D	-0.87%
PTGX	C	-0.86%
MELI	D	-0.85%
PHM	D	-0.85%
EGY	D	-0.84%
BG	F	-0.84%
VITL	D	-0.83%
HY	D	-0.82%
UHS	D	-0.81%
NOMD	D	-0.81%
MG	D	-0.8%
EVER	F	-0.8%
DHI	D	-0.8%
PLUS	F	-0.77%
CRUS	D	-0.77%
FSLR	F	-0.76%
NEM	D	-0.73%
ASC	F	-0.64%
OSCR	D	-0.63%
ATNI	F	-0.62%
ANGI	D	-0.59%