GPOW vs. TPYP ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to Tortoise North American Pipeline Fund ETF (TPYP)

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

$56.62

Average Daily Volume

1,278

Number of Holdings ^*

* 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

$36.64

Average Daily Volume

49,565

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	TPYP
30 Days	9.49%	11.71%
60 Days	13.60%	17.21%
90 Days	15.96%	20.00%
12 Months	41.76%	49.05%

23 Overlapping Holdings

Symbol	Grade	Weight in GPOW	Weight in TPYP	Overlap
AM	A	3.74%	1.59%	1.59%
CQP	B	0.69%	0.36%	0.36%
DKL	C	0.24%	0.09%	0.09%
DTM	A	2.46%	1.7%	1.7%
EE	A	0.14%	0.08%	0.08%
ENLC	A	2.33%	1.2%	1.2%
EPD	A	5.51%	3.67%	3.67%
ET	A	3.05%	3.8%	3.05%
GLP	A	0.17%	0.24%	0.17%
HESM	B	3.51%	0.63%	0.63%
KMI	A	6.63%	7.75%	6.63%
KNTK	A	0.22%	0.66%	0.22%
LNG	A	5.3%	7.11%	5.3%
MPLX	A	0.77%	3.08%	0.77%
NFE	D	0.33%	0.3%	0.3%
NJR	A	0.34%	1.48%	0.34%
OKE	A	5.87%	7.92%	5.87%
PAA	B	1.78%	1.4%	1.4%
PAGP	A	3.24%	0.63%	0.63%
SUN	B	0.41%	0.99%	0.41%
TRGP	A	9.24%	4.7%	4.7%
WES	C	0.66%	1.27%	0.66%
WMB	A	6.31%	8.24%	6.31%

GPOW Overweight 11 Positions Relative to TPYP

Symbol	Grade	Weight
WKC	C	1.55%
AES	F	1.45%
CWEN	C	1.35%
ORA	B	1.34%
UGI	C	1.22%
AY	A	1.09%
NEP	F	0.48%
NEXT	C	0.46%
CLNE	F	0.45%
SPH	C	0.14%
NGL	D	0.08%

GPOW Underweight 12 Positions Relative to TPYP

Symbol	Grade	Weight
ATO	A	-3.83%
NI	A	-3.81%
NFG	A	-1.74%
SWX	B	-1.44%
OGS	A	-1.33%
AROC	A	-1.25%
SR	A	-1.19%
CPK	A	-0.89%
NWN	A	-0.5%
USAC	B	-0.32%
GEL	D	-0.22%
CAPL	C	-0.07%