GPOW vs. MNA ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to IQ Merger Arbitrage ETF (MNA)

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

$51.54

Average Daily Volume

141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MNA

IQ Merger Arbitrage ETF

MNA Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ Merger Arbitrage Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"). The underlying index seeks to employ a systematic investment process designed to identify opportunities in companies whose equity securities trade in developed markets, including the U.S., and which are involved in announced mergers, acquisitions and other buyout-related transactions. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.93

Average Daily Volume

62,649

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	MNA
30 Days	4.39%	0.70%
60 Days	13.58%	2.68%
90 Days	10.57%	3.67%
12 Months	39.86%	6.07%

0 Overlapping Holdings

	Symbol	Grade	Weight in GPOW	Weight in MNA	Overlap

GPOW Overweight 7 Positions Relative to MNA

Symbol	Grade	Weight
TRGP	A	7.53%
EPD	A	5.73%
KMI	A	5.67%
WMB	A	5.49%
OKE	A	5.42%
LNG	A	4.94%
HESM	C	4.06%

GPOW Underweight 6 Positions Relative to MNA

Symbol	Grade	Weight
COF	A	-7.41%
DFS	A	-6.86%
CTLT	A	-5.8%
JNPR	C	-5.07%
HCP	A	-4.34%
IP	C	-3.67%

GPOW: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream