GPOW vs. EMLP ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to First Trust North American Energy Infrastructure Fund (EMLP)

GPOW

Goldman Sachs North American Pipelines & Power Equity ETF

GPOW Description

The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is designed to deliver exposure to equity securities of U.S. and Canadian listed companies, including companies structured as master limited partnerships, operating in the pipelines and power universe. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.17

Average Daily Volume

547

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

$30.50

Average Daily Volume

180,188

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	EMLP
30 Days	1.47%	2.42%
60 Days	4.27%	6.51%
90 Days	11.22%	13.76%
12 Months		16.93%

7 Overlapping Holdings

Symbol	Grade	Weight in GPOW	Weight in EMLP	Overlap
KMI	A	6.29%	4.38%	4.38%
LNG	D	5.69%	1.45%	1.45%
MPLX	A	3.13%	4.05%	3.13%
OKE	B	6.76%	4.77%	4.77%
TRGP	B	7.74%	2.68%	2.68%
UGI	C	4.96%	0.1%	0.1%
WMB	B	6.43%	2.06%	2.06%

GPOW Overweight 0 Positions Relative to EMLP

	Symbol	Grade	Weight

GPOW Underweight 44 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	B	-8.1%
ET	A	-7.29%
PAGP	B	-4.98%
SRE	B	-4.01%
DTM	A	-3.99%
NFG	A	-3.01%
PEG	A	-2.72%
PPL	A	-2.65%
AEP	A	-2.55%
PWR	A	-2.28%
LNT	B	-2.25%
SO	A	-2.11%
ATO	A	-2.04%
WEC	B	-1.72%
OGS	B	-1.54%
XEL	C	-1.31%
EVRG	B	-1.3%
DTE	A	-1.27%
CMS	A	-1.26%
ETR	A	-1.25%
AES	B	-1.09%
FLR	C	-1.08%
NEP	C	-0.97%
CQP	C	-0.95%
WLKP	D	-0.92%
DUK	A	-0.76%
VST	B	-0.76%
CNP	B	-0.75%
HESM	C	-0.72%
WTRG	B	-0.68%
IDA	B	-0.53%
NJR	B	-0.5%
AROC	B	-0.49%
ES	B	-0.49%
CWEN	B	-0.49%
SUN	D	-0.48%
AEE	B	-0.28%
CEG	B	-0.26%
D	B	-0.26%
CPK	B	-0.25%
USAC	D	-0.14%
EXC	B	-0.11%
AWK	B	-0.05%
ENLC	B	-0.0%

GPOW: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Utilities - Regulated Gas