PAVE vs. EMLP ETF Comparison

Comparison of Global X U.S. Infrastructure Development ETF (PAVE) to First Trust North American Energy Infrastructure Fund (EMLP)

PAVE

Global X U.S. Infrastructure Development ETF

PAVE Description

The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the INDXX U.S. Infrastructure Development Index.

Grade (RS Rating)

Last Trade

$45.32

Average Daily Volume

1,102,285

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

$37.73

Average Daily Volume

158,878

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAVE	EMLP
30 Days	7.33%	9.70%
60 Days	10.70%	12.94%
90 Days	14.19%	16.05%
12 Months	44.15%	41.78%

2 Overlapping Holdings

	Symbol	Grade	Weight in PAVE	Weight in EMLP	Overlap
	PWR	A	3.28%	2.24%	2.24%
	SRE	A	2.93%	4.15%	2.93%

PAVE Overweight 96 Positions Relative to EMLP

Symbol	Grade	Weight
TT	A	3.76%
PH	A	3.45%
ETN	A	3.45%
URI	C	3.41%
HWM	A	3.25%
EMR	B	3.13%
FAST	B	2.74%
MLM	C	2.73%
VMC	B	2.62%
NSC	B	2.54%
CSX	C	2.37%
DE	B	2.36%
UNP	C	2.25%
ROK	C	2.19%
NUE	C	1.98%
FTV	C	1.85%
HUBB	B	1.64%
EME	A	1.63%
BLDR	D	1.56%
STLD	B	1.55%
CSL	C	1.53%
J	D	1.24%
RS	B	1.24%
PNR	A	1.22%
RPM	A	1.22%
TRMB	B	1.22%
IEX	C	1.21%
WLK	D	1.13%
GGG	B	1.05%
ACM	B	1.02%
POWL	C	0.89%
LECO	C	0.83%
RRX	B	0.8%
BLD	D	0.8%
AGX	B	0.79%
TTEK	F	0.76%
TPC	C	0.75%
MTZ	B	0.75%
WCC	B	0.74%
EXP	B	0.74%
WWD	C	0.72%
AYI	B	0.71%
WMS	F	0.71%
MLI	B	0.71%
USLM	A	0.71%
CR	A	0.69%
RBC	A	0.64%
STRL	A	0.59%
CRS	B	0.59%
PRIM	A	0.56%
LPX	B	0.56%
X	B	0.56%
AA	A	0.51%
ATI	C	0.5%
DXPE	C	0.5%
GVA	A	0.49%
ROAD	B	0.49%
VMI	B	0.49%
CMC	B	0.48%
ZWS	B	0.47%
BMI	B	0.45%
CSWI	B	0.44%
HRI	C	0.43%
NWPX	A	0.43%
CENX	B	0.43%
MWA	B	0.4%
CLF	F	0.4%
SUM	B	0.4%
DY	D	0.38%
KNF	B	0.37%
EXPO	D	0.35%
ACA	A	0.35%
GBX	A	0.34%
TRN	B	0.34%
DNOW	B	0.34%
MRC	B	0.3%
MTX	B	0.29%
GRC	A	0.29%
HAYN	A	0.27%
HEES	C	0.27%
TEX	F	0.25%
ASTE	C	0.25%
MYRG	B	0.25%
MDU	D	0.25%
MTRN	C	0.23%
CMCO	C	0.23%
ATKR	D	0.23%
CXT	C	0.22%
IIIN	C	0.21%
ROCK	C	0.21%
WNC	C	0.18%
CTOS	B	0.18%
RYI	C	0.17%
MTUS	C	0.17%
CALX	D	0.16%
TITN	C	0.13%

PAVE Underweight 49 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	A	-8.77%
ET	A	-7.17%
OKE	A	-5.41%
KMI	A	-4.87%
DTM	A	-4.56%
PAGP	A	-4.53%
MPLX	A	-3.98%
TRGP	A	-3.47%
NFG	A	-2.89%
WMB	A	-2.46%
PPL	A	-2.43%
PEG	A	-2.29%
AEP	C	-2.27%
ATO	A	-1.61%
LNG	A	-1.6%
AES	F	-1.46%
LNT	A	-1.43%
VST	A	-1.34%
ETR	B	-1.28%
SUN	B	-1.24%
DTE	C	-1.22%
XEL	A	-1.15%
FLR	B	-1.14%
CQP	B	-1.05%
OGS	A	-1.02%
WEC	A	-1.01%
CMS	C	-0.97%
EVRG	A	-0.82%
CNP	A	-0.81%
D	C	-0.76%
WLKP	A	-0.76%
DUK	C	-0.69%
HESM	B	-0.62%
NEP	F	-0.58%
AROC	A	-0.57%
IDA	A	-0.52%
CWEN	C	-0.52%
WTRG	B	-0.51%
NEE	C	-0.46%
SO	C	-0.45%
NJR	A	-0.44%
AEE	A	-0.28%
CEG	C	-0.26%
CPK	A	-0.24%
USAC	B	-0.11%
EXC	C	-0.09%
UGI	C	-0.08%
AWK	C	-0.05%
ENLC	A	-0.0%