GPOW vs. MDST ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to Westwood Salient Enhanced Midstream Income ETF (MDST)

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

$54.32

Average Daily Volume

354

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDST

Westwood Salient Enhanced Midstream Income ETF

MDST Description

MDST invests North American midstream investments while employing a covered call strategy. The actively managed fund targets investment grade, midstream securities from the US and Canada that include companies engaged in the energy infrastructure industry and ancillary businesses. The fund may directly invest up to 25% in US MLPs that are publicly traded and treated as partnerships for federal income tax purposes. The fund employs a bottom-up, research-driven selection process with emphasis on opportunities and growth prospects. In addition, the advisor maintains proprietary business valuation models and analyzes various fundamental and technical factors. To enhance income, the fund writes call options on securities held within the portfolio. It may also use standardized exchange-traded and FLEX options. The fund expects returns from the distribution yield, covered call premiums, cash distribution growth, and potential price appreciation. Single securities are capped at 15%.

Grade (RS Rating)

Last Trade

$27.71

Average Daily Volume

14,461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	MDST
30 Days	4.54%	6.17%
60 Days	8.55%	7.93%
90 Days	13.26%	10.10%
12 Months	38.68%

17 Overlapping Holdings

Symbol	Grade	Weight in GPOW	Weight in MDST	Overlap
AM	A	3.74%	4.82%	3.74%
DKL	C	0.24%	0.38%	0.24%
DTM	A	2.46%	5.78%	2.46%
ENLC	A	2.33%	3.88%	2.33%
EPD	A	5.51%	7.99%	5.51%
ET	A	3.05%	9.48%	3.05%
HESM	C	3.51%	4.38%	3.51%
KMI	A	6.63%	7.97%	6.63%
KNTK	A	0.22%	4.27%	0.22%
LNG	A	5.3%	5.09%	5.09%
MPLX	A	0.77%	4.36%	0.77%
NEXT	B	0.46%	0.05%	0.05%
OKE	A	5.87%	5.08%	5.08%
PAGP	A	3.24%	6.2%	3.24%
TRGP	A	9.24%	5.77%	5.77%
WES	C	0.66%	2.97%	0.66%
WMB	A	6.31%	8.52%	6.31%

GPOW Overweight 17 Positions Relative to MDST

Symbol	Grade	Weight
PAA	A	1.78%
WKC	C	1.55%
AES	F	1.45%
CWEN	D	1.35%
ORA	B	1.34%
UGI	C	1.22%
AY	A	1.09%
CQP	A	0.69%
NEP	F	0.48%
CLNE	D	0.45%
SUN	C	0.41%
NJR	A	0.34%
NFE	F	0.33%
GLP	A	0.17%
SPH	D	0.14%
EE	A	0.14%
NGL	D	0.08%

GPOW Underweight 1 Positions Relative to MDST

	Symbol	Grade	Weight
	GEL	D	-0.33%

MDST: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines Oil & Gas E&P