TPYP vs. XSLV ETF Comparison

Comparison of Tortoise North American Pipeline Fund ETF (TPYP) to PowerShares S&P SmallCap Low Volatility Portfolio (XSLV)

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

$31.94

Average Daily Volume

58,837

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSLV

PowerShares S&P SmallCap Low Volatility Portfolio

XSLV Description

The PowerShares S&P SmallCap Low Volatility Portfolio (Fund) is based on the S&P SmallCap 600 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 120 out of 600 small-capitalization range securities from the S&P SmallCap 600 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$47.00

Average Daily Volume

27,211

Number of Holdings ^*

119

* may have additional holdings in another (foreign) market

Performance

Period	TPYP	XSLV
30 Days	2.55%	-1.23%
60 Days	8.82%	2.66%
90 Days	11.23%	9.43%
12 Months	40.28%	24.83%

2 Overlapping Holdings

	Symbol	Grade	Weight in TPYP	Weight in XSLV	Overlap
	CPK	C	0.93%	0.85%	0.85%
	NWN	C	0.53%	0.82%	0.53%

TPYP Overweight 33 Positions Relative to XSLV

Symbol	Grade	Weight
OKE	B	7.52%
WMB	A	7.32%
KMI	A	6.93%
LNG	A	6.61%
TRGP	B	4.11%
NI	A	3.9%
ET	C	3.9%
ATO	A	3.88%
EPD	A	3.84%
MPLX	A	3.28%
NFG	A	1.86%
AM	A	1.73%
PAA	D	1.62%
NJR	C	1.58%
SWX	C	1.53%
DTM	A	1.49%
WES	D	1.46%
OGS	C	1.42%
SR	C	1.31%
ENLC	A	1.24%
AROC	B	1.2%
SUN	D	1.11%
PAGP	D	0.73%
HESM	D	0.63%
KNTK	B	0.6%
CQP	F	0.36%
USAC	D	0.35%
GEL	D	0.28%
GLP	B	0.25%
NFE	F	0.21%
DKL	B	0.1%
EE	A	0.07%
CAPL	B	0.07%

TPYP Underweight 117 Positions Relative to XSLV

Symbol	Grade	Weight
CTRE	B	-1.15%
EPRT	C	-1.12%
LTC	D	-1.08%
EIG	B	-1.06%
FCPT	C	-1.03%
PECO	C	-1.01%
GTY	C	-1.0%
FELE	C	-1.0%
SHO	D	-1.0%
INVA	B	-0.96%
PRGS	B	-0.96%
RHI	D	-0.96%
NMIH	C	-0.96%
MCRI	B	-0.96%
MSGS	A	-0.95%
ENSG	D	-0.95%
SAFT	D	-0.94%
SKT	A	-0.94%
AWR	A	-0.93%
TR	D	-0.93%
IOSP	F	-0.92%
AMSF	B	-0.92%
APLE	D	-0.92%
BRC	C	-0.91%
NSIT	B	-0.91%
BCPC	C	-0.9%
NPK	F	-0.9%
EFC	D	-0.9%
ALEX	D	-0.89%
CHCO	D	-0.89%
HMN	B	-0.89%
FUL	F	-0.89%
BFS	A	-0.89%
PBH	D	-0.88%
PSMT	B	-0.87%
SHOO	A	-0.87%
ESE	B	-0.87%
COOP	B	-0.86%
AGO	B	-0.86%
LXP	D	-0.86%
PIPR	B	-0.85%
AKR	C	-0.85%
DRH	C	-0.85%
PJT	C	-0.85%
RDN	D	-0.85%
UE	C	-0.85%
KFY	C	-0.84%
UTL	C	-0.84%
AVA	D	-0.84%
AWI	A	-0.83%
WERN	D	-0.83%
SJW	D	-0.83%
SXT	C	-0.83%
FBRT	C	-0.82%
CWT	D	-0.82%
APOG	B	-0.82%
ACA	C	-0.82%
EPC	F	-0.81%
WSR	C	-0.81%
CNXN	C	-0.81%
PINC	F	-0.81%
MOG.A	A	-0.81%
HUBG	D	-0.81%
SPTN	B	-0.81%
CASH	D	-0.81%
BSIG	D	-0.81%
AL	D	-0.8%
PLXS	B	-0.8%
IDCC	A	-0.8%
OFG	D	-0.79%
TNC	F	-0.79%
MTX	B	-0.79%
CPF	C	-0.79%
VRRM	D	-0.78%
MLI	C	-0.78%
MMSI	C	-0.78%
FBP	D	-0.78%
KMT	C	-0.78%
VRE	C	-0.78%
KELYA	D	-0.78%
NAVI	D	-0.78%
HTH	D	-0.77%
MRTN	F	-0.77%
DFIN	C	-0.77%
SNEX	C	-0.77%
NWBI	D	-0.76%
EPAC	C	-0.76%
MGY	B	-0.76%
ELME	C	-0.76%
UHT	C	-0.76%
GTES	C	-0.76%
HSTM	B	-0.75%
GNW	C	-0.75%
WT	D	-0.74%
JJSF	B	-0.74%
WABC	F	-0.74%
NBHC	D	-0.74%
FDP	C	-0.74%
SNDR	C	-0.74%
SMPL	D	-0.74%
KAR	D	-0.74%
NHC	D	-0.74%
EVTC	D	-0.74%
ADUS	D	-0.74%
UNF	A	-0.74%
AHH	F	-0.73%
JBSS	F	-0.73%
RGR	F	-0.73%
CSR	D	-0.72%
FSS	B	-0.72%
FHB	D	-0.71%
AIN	F	-0.7%
NVEE	F	-0.7%
SPNT	D	-0.7%
NABL	F	-0.69%
EZPW	D	-0.67%
USPH	F	-0.66%