Key stats
About Goldman Sachs ETF Trust Goldman Sachs North American Pipelines & Power Equity ETF
Expense ratio
0.55%
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Inception date
Jul 11, 2023
GPOW invests in US and Canadian companies that provide broad energy infrastructure exposure, including MLPs and pure-play companies tied to the alternative wholesale power segment. MLP investments are limited to 25% of the funds assets. Eligible securities must meet the necessary size and trading volume and have core businesses in midstream energy, oil and gas transportation and infrastructure, LPG, and propane, as classified by FactSet RBICS. Remaining securities are then given a fundamental score multiplier, applying growth and quality factors that tilt weighting to firms whose scores are fundamentally higher than their peers. The weighting strategy consists of seven sub-factors: implied total return, EPS growth, medium term trading momentum, leverage, cash flow and balance sheet accruals, and return on capital. The index rebalances quarterly.
Classification
What's in the fund
Exposure type
Industrial Services
Utilities
Stock breakdown by region