GPOW vs. ECLN ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to First Trust EIP Carbon Impact ETF (ECLN)

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

$50.61

Average Daily Volume

249

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$28.67

Average Daily Volume

7,401

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	ECLN
30 Days	-1.25%	-1.90%
60 Days	2.51%	2.49%
90 Days	6.36%	5.39%
12 Months	33.56%	23.42%

9 Overlapping Holdings

Symbol	Grade	Weight in GPOW	Weight in ECLN	Overlap
AES	F	1.93%	2.42%	1.93%
CQP	A	0.71%	2.78%	0.71%
CWEN	C	1.39%	2.51%	1.39%
DTM	A	2.26%	5.88%	2.26%
LNG	A	4.76%	1.73%	1.73%
NEP	F	0.65%	0.8%	0.65%
NJR	D	0.35%	0.18%	0.18%
TRGP	A	8.21%	4.72%	4.72%
WMB	A	6.1%	3.36%	3.36%

GPOW Overweight 25 Positions Relative to ECLN

Symbol	Grade	Weight
KMI	B	6.34%
EPD	A	5.53%
OKE	B	5.48%
AM	C	3.79%
HESM	D	3.69%
PAGP	D	3.36%
ET	A	3.08%
ENLC	A	2.35%
PAA	D	1.85%
WKC	D	1.53%
ORA	B	1.44%
UGI	D	1.35%
AY	A	1.14%
MPLX	A	0.77%
WES	D	0.73%
CLNE	D	0.48%
SUN	F	0.43%
NEXT	C	0.4%
NFE	F	0.31%
DKL	D	0.25%
KNTK	B	0.2%
GLP	A	0.17%
SPH	A	0.14%
EE	A	0.12%
NGL	F	0.08%

GPOW Underweight 31 Positions Relative to ECLN

Symbol	Grade	Weight
SRE	C	-4.06%
ATO	B	-3.98%
AEP	D	-3.73%
XEL	A	-3.58%
PPL	C	-3.52%
WEC	B	-3.33%
PEG	B	-3.25%
LNT	C	-3.03%
CMS	C	-3.01%
NFG	C	-2.7%
DTE	C	-2.68%
EVRG	C	-2.35%
PWR	B	-2.11%
IDA	A	-2.08%
OGS	C	-2.05%
VST	B	-1.61%
FLR	B	-1.4%
ETR	A	-1.1%
CEG	B	-1.09%
DUK	C	-1.08%
SO	C	-1.03%
WTRG	C	-0.65%
OGE	C	-0.63%
D	B	-0.54%
GNRC	A	-0.52%
CPK	C	-0.44%
CNP	C	-0.41%
AWK	D	-0.36%
AEE	B	-0.33%
J	D	-0.23%
EIX	D	-0.18%