AMLP vs. GPOW ETF Comparison

Comparison of Alerian MLP ETF (AMLP) to Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)

AMLP

Alerian MLP ETF

AMLP Description

The investment seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of its underlying index, the Alerian MLP Infrastructure Index. The index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the United States energy infrastructure Master Limited Partnership ("MLP") asset class. The fund will normally invest at least 90% of its total assets in securities that comprise the index (or depositary receipts based on such securities). It is non-diversified.

Grade (RS Rating)

Last Trade

$49.13

Average Daily Volume

1,436,787

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

Performance

Period	AMLP	GPOW
30 Days	6.97%	9.49%
60 Days	6.26%	13.60%
90 Days	6.72%	15.96%
12 Months	23.75%	41.76%

12 Overlapping Holdings

Symbol	Grade	Weight in AMLP	Weight in GPOW	Overlap
CQP	B	4.01%	0.69%	0.69%
DKL	C	0.96%	0.24%	0.24%
ENLC	A	7.94%	2.33%	2.33%
EPD	A	12.71%	5.51%	5.51%
ET	A	13.09%	3.05%	3.05%
GLP	A	2.51%	0.17%	0.17%
HESM	B	6.31%	3.51%	3.51%
MPLX	A	13.04%	0.77%	0.77%
PAA	B	11.92%	1.78%	1.78%
SPH	C	2.39%	0.14%	0.14%
SUN	B	11.09%	0.41%	0.41%
WES	C	11.44%	0.66%	0.66%

AMLP Overweight 2 Positions Relative to GPOW

	Symbol	Grade	Weight
	USAC	B	3.23%
	GEL	D	2.3%

AMLP Underweight 22 Positions Relative to GPOW

Symbol	Grade	Weight
TRGP	A	-9.24%
KMI	A	-6.63%
WMB	A	-6.31%
OKE	A	-5.87%
LNG	A	-5.3%
AM	A	-3.74%
PAGP	A	-3.24%
DTM	A	-2.46%
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%
NJR	A	-0.34%
NFE	D	-0.33%
KNTK	A	-0.22%
EE	A	-0.14%
NGL	D	-0.08%