GPOW vs. MLPX ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to Global X MLP & Energy Infrastructure ETF (MLPX)

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

$56.76

Average Daily Volume

1,342

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MLPX

Global X MLP & Energy Infrastructure ETF

MLPX Description

The investment seeks to provide investment results that correspond generally to the price and yield performance of the Solactive MLP & Energy Infrastructure Index. The fund invests at least 80% of its total assets in the securities of the underlying index. It also invests at least 80% of its total assets in securities of master limited partnerships and energy infrastructure corporations. The fund's 80% investment policies are non-fundamental and require 60 days' prior written notice to shareholders before it can be changed. The underlying index tracks the performance of MLPs and energy infrastructure corporations. It is non-diversified.

Grade (RS Rating)

Last Trade

$64.20

Average Daily Volume

324,037

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	MLPX
30 Days	10.14%	13.73%
60 Days	12.29%	17.56%
90 Days	16.25%	21.61%
12 Months	42.12%	53.17%

20 Overlapping Holdings

Symbol	Grade	Weight in GPOW	Weight in MLPX	Overlap
AM	A	2.69%	2.97%	2.69%
CQP	B	1.69%	1.09%	1.09%
DKL	C	0.14%	0.25%	0.14%
DTM	B	1.83%	5.1%	1.83%
ENLC	A	1.97%	1.99%	1.97%
EPD	A	3.04%	4.08%	3.04%
ET	A	4.15%	4.11%	4.11%
HESM	B	1.09%	1.57%	1.09%
KMI	A	6.1%	7.23%	6.1%
KNTK	B	0.41%	1.2%	0.41%
LNG	B	6.2%	6.92%	6.2%
MPLX	A	1.71%	4.22%	1.71%
NEXT	B	0.49%	0.68%	0.49%
NFE	D	0.41%	0.47%	0.41%
OKE	A	8.33%	9.73%	8.33%
PAA	B	1.79%	3.79%	1.79%
PAGP	A	1.09%	2.02%	1.09%
TRGP	B	7.79%	5.31%	5.31%
WES	C	1.64%	3.69%	1.64%
WMB	A	6.0%	9.92%	6.0%

GPOW Overweight 13 Positions Relative to MLPX

Symbol	Grade	Weight
UGI	A	1.94%
ORA	B	1.89%
WKC	D	1.15%
NJR	A	0.97%
CWEN	C	0.9%
AY	B	0.89%
NEP	F	0.74%
SUN	B	0.73%
CLNE	D	0.33%
EE	A	0.21%
GLP	A	0.19%
NGL	D	0.15%
SPH	B	0.12%

GPOW Underweight 1 Positions Relative to MLPX

	Symbol	Grade	Weight
	AROC	B	-2.01%