GPOW vs. PSCE ETF Comparison

Comparison of Goldman Sachs North American Pipelines & Power Equity ETF (GPOW) to PowerShares S&P SmallCap Energy Portfolio (PSCE)

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

PSCE

PowerShares S&P SmallCap Energy Portfolio

PSCE Description

The PowerShares S&P SmallCap Energy Portfolio (Fund) is based on the S&P SmallCap 600Â® Capped Energy Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to measure the overall performance of common stocks of US energy companies. These companies are principally engaged in the business of producing, distributing or servicing energy related products, including oil and gas exploration and production, refining, oil services, pipeline, and solar, wind and other non-oil based energy. The Index is a subset of the S&P SmallCap 600Â® Index, which is a float-adjusted, market-capitalization-weighted index reflecting the US small-cap market. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$54.43

Average Daily Volume

20,395

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GPOW	PSCE
30 Days	10.14%	12.55%
60 Days	12.29%	7.00%
90 Days	16.25%	4.03%
12 Months	42.12%	5.63%

1 Overlapping Holdings

	Symbol	Grade	Weight in GPOW	Weight in PSCE	Overlap
	WKC	D	1.15%	2.85%	1.15%

GPOW Overweight 32 Positions Relative to PSCE

Symbol	Grade	Weight
OKE	A	8.33%
TRGP	B	7.79%
LNG	B	6.2%
KMI	A	6.1%
WMB	A	6.0%
ET	A	4.15%
EPD	A	3.04%
AM	A	2.69%
ENLC	A	1.97%
UGI	A	1.94%
ORA	B	1.89%
DTM	B	1.83%
PAA	B	1.79%
MPLX	A	1.71%
CQP	B	1.69%
WES	C	1.64%
PAGP	A	1.09%
HESM	B	1.09%
NJR	A	0.97%
CWEN	C	0.9%
AY	B	0.89%
NEP	F	0.74%
SUN	B	0.73%
NEXT	B	0.49%
NFE	D	0.41%
KNTK	B	0.41%
CLNE	D	0.33%
EE	A	0.21%
GLP	A	0.19%
NGL	D	0.15%
DKL	C	0.14%
SPH	B	0.12%

GPOW Underweight 28 Positions Relative to PSCE

Symbol	Grade	Weight
MGY	A	-7.94%
SM	B	-7.84%
WHD	B	-6.73%
NOG	A	-6.32%
CRC	B	-6.12%
CEIX	A	-5.21%
AROC	B	-4.91%
BTU	B	-4.76%
OII	B	-4.7%
HP	B	-4.47%
PTEN	C	-4.15%
TDW	F	-3.78%
CRGY	B	-3.76%
LBRT	D	-3.63%
HLX	B	-2.52%
TALO	C	-2.46%
CRK	B	-2.18%
PARR	D	-1.74%
LPG	F	-1.65%
CLB	B	-1.59%
VTOL	B	-1.58%
VTLE	C	-1.49%
REX	D	-1.24%
GPRE	F	-1.19%
NBR	C	-1.13%
CVI	F	-1.13%
PUMP	B	-1.09%
RES	D	-0.84%