ECLN vs. GREI ETF Comparison

Comparison of First Trust EIP Carbon Impact ETF (ECLN) to Goldman Sachs Future Real Estate (GREI)

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.40

Average Daily Volume

5,866

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GREI

Goldman Sachs Future Real Estate

GREI Description

Goldman Sachs Future Real Estate seeks long-term growth of capital. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) in equity investments in U.S. and non‑U.S. real estate and infrastructure companies. The adviser generally intends to invest in real estate and infrastructure companies that the adviser believes are aligned with key themes associated with secular growth drivers for real estate and infrastructure assets, which include innovation, demographic shifts, experiences over things, environmental sustainability, and social sustainability.

Grade (RS Rating)

Last Trade

$33.10

Average Daily Volume

1,872

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ECLN	GREI
30 Days	-2.45%	-0.63%
60 Days	0.78%	2.74%
90 Days	4.35%	2.36%
12 Months	5.06%	3.32%

8 Overlapping Holdings

Symbol	Grade	Weight in ECLN	Weight in GREI	Overlap
AEE	D	0.3%	1.46%	0.3%
AES	D	1.93%	1.65%	1.65%
AWK	B	0.39%	1.91%	0.39%
CMS	D	2.89%	1.9%	1.9%
ES	C	0.61%	1.9%	0.61%
LNG	B	1.83%	2.51%	1.83%
WEC	D	3.03%	1.84%	1.84%
XEL	D	3.39%	1.99%	1.99%

ECLN Overweight 30 Positions Relative to GREI

Symbol	Grade	Weight
DTM	B	5.84%
AEP	C	4.47%
SRE	B	4.12%
TRGP	A	4.12%
SO	B	3.97%
ATO	D	3.73%
PPL	D	3.4%
CQP	C	3.21%
LNT	B	3.2%
WMB	B	3.09%
PEG	B	3.01%
CWEN	D	2.8%
NFG	D	2.71%
DTE	D	2.63%
EVRG	D	2.52%
IDA	D	2.11%
PWR	D	2.09%
OGS	C	2.01%
FLR	B	1.32%
DUK	C	1.04%
ETR	D	0.97%
NEP	F	0.86%
VST	C	0.79%
WTRG	C	0.7%
OGE	C	0.62%
CEG	B	0.54%
CNP	B	0.49%
CPK	C	0.45%
NJR	D	0.19%
EIX	C	0.18%

ECLN Underweight 18 Positions Relative to GREI

Symbol	Grade	Weight
PLD	C	-6.19%
NEE	D	-4.59%
EQIX	C	-3.9%
AMT	B	-3.15%
WELL	A	-3.06%
AVB	B	-2.93%
EXR	B	-2.83%
DLR	B	-2.57%
SBAC	F	-2.57%
VICI	D	-2.37%
INVH	A	-2.37%
ELS	C	-2.32%
ARE	C	-2.24%
VTR	A	-2.17%
AMH	A	-1.95%
COLD	C	-1.87%
NSC	D	-1.72%
LIN	C	-1.18%