MLPA vs. GPOW ETF Comparison

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

MLPA

Global X MLP ETF

MLPA Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.32

Average Daily Volume

98,696

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$56.87

Average Daily Volume

1,278

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MLPA	GPOW
30 Days	7.35%	9.49%
60 Days	6.97%	13.60%
90 Days	7.87%	15.96%
12 Months	20.11%	41.76%

13 Overlapping Holdings

Symbol	Grade	Weight in MLPA	Weight in GPOW	Overlap
CQP	B	5.53%	0.69%	0.69%
DKL	C	1.69%	0.24%	0.24%
ENLC	A	8.11%	2.33%	2.33%
EPD	A	12.4%	5.51%	5.51%
ET	A	13.35%	3.05%	3.05%
GLP	A	3.84%	0.17%	0.17%
HESM	B	7.61%	3.51%	3.51%
MPLX	A	11.28%	0.77%	0.77%
NGL	D	0.0%	0.08%	0.0%
PAA	B	8.9%	1.78%	1.78%
SPH	C	3.04%	0.14%	0.14%
SUN	B	7.79%	0.41%	0.41%
WES	C	9.45%	0.66%	0.66%

MLPA Overweight 5 Positions Relative to GPOW

Symbol	Grade	Weight
USAC	B	4.02%
GEL	D	2.83%
MMLP	B	0.0%
SGU	B	0.0%
CAPL	C	0.0%

MLPA Underweight 21 Positions Relative to GPOW

Symbol	Grade	Weight
TRGP	A	-9.24%
KMI	A	-6.63%
WMB	A	-6.31%
OKE	A	-5.87%
LNG	A	-5.3%
AM	A	-3.74%
PAGP	A	-3.24%
DTM	A	-2.46%
WKC	C	-1.55%
AES	F	-1.45%
CWEN	C	-1.35%
ORA	B	-1.34%
UGI	C	-1.22%
AY	A	-1.09%
NEP	F	-0.48%
NEXT	C	-0.46%
CLNE	F	-0.45%
NJR	A	-0.34%
NFE	D	-0.33%
KNTK	A	-0.22%
EE	A	-0.14%

MLPA: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Refining & Marketing Oil & Gas Equipment & Services Oil & Gas Pipelines Utilities - Regulated Gas