GPOW vs. USAI ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to Pacer American Energy Independence ETF (USAI)

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

$56.46

Average Daily Volume

1,220

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USAI

Pacer American Energy Independence ETF

USAI Description

The investment seeks to track the performance, before fees and expenses, of the American Energy Independence Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index and depositary receipts representing foreign securities. The index uses a proprietary, rules-based methodology to measure the performance of a portfolio of U.S. and Canadian exchange-listed equity securities of companies that generate a majority of their cash flow from certain qualifying midstream energy infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$41.60

Average Daily Volume

7,542

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	USAI
30 Days	7.13%	11.45%
60 Days	11.30%	17.34%
90 Days	15.20%	21.49%
12 Months	38.89%	47.60%

18 Overlapping Holdings

Symbol	Grade	Weight in GPOW	Weight in USAI	Overlap
AM	A	3.74%	2.46%	2.46%
DTM	A	2.46%	3.64%	2.46%
EE	A	0.14%	2.19%	0.14%
ENLC	A	2.33%	2.31%	2.31%
EPD	A	5.51%	3.94%	3.94%
ET	A	3.05%	6.78%	3.05%
HESM	A	3.51%	2.11%	2.11%
KMI	A	6.63%	7.87%	6.63%
KNTK	A	0.22%	2.34%	0.22%
LNG	A	5.3%	4.38%	4.38%
MPLX	A	0.77%	3.9%	0.77%
NEXT	B	0.46%	2.62%	0.46%
NFE	F	0.33%	1.64%	0.33%
OKE	A	5.87%	7.35%	5.87%
PAGP	A	3.24%	2.12%	2.12%
TRGP	A	9.24%	4.7%	4.7%
WES	C	0.66%	2.29%	0.66%
WMB	A	6.31%	7.84%	6.31%

GPOW Overweight 16 Positions Relative to USAI

Symbol	Grade	Weight
PAA	B	1.78%
WKC	C	1.55%
AES	F	1.45%
CWEN	C	1.35%
ORA	B	1.34%
UGI	C	1.22%
AY	A	1.09%
CQP	B	0.69%
NEP	F	0.48%
CLNE	F	0.45%
SUN	C	0.41%
NJR	A	0.34%
DKL	C	0.24%
GLP	A	0.17%
SPH	D	0.14%
NGL	C	0.08%

GPOW Underweight 2 Positions Relative to USAI

	Symbol	Grade	Weight
	AROC	A	-2.42%
	GEL	D	-1.28%