INC vs. MDST ETF Comparison

Comparison of VanEck Dynamic High Income ETF (INC) to Westwood Salient Enhanced Midstream Income ETF (MDST)

INC

VanEck Dynamic High Income ETF

INC Description

The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, in ETPs that are registered under the applicable federal securities laws and that invest in securities that generate income. The fund may also invest in U.S. Treasury securities under normal circumstances. It is non-diversified.

Grade (RS Rating)

Last Trade

$27.68

Average Daily Volume

389

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDST

Westwood Salient Enhanced Midstream Income ETF

MDST Description

MDST invests North American midstream investments while employing a covered call strategy. The actively managed fund targets investment grade, midstream securities from the US and Canada that include companies engaged in the energy infrastructure industry and ancillary businesses. The fund may directly invest up to 25% in US MLPs that are publicly traded and treated as partnerships for federal income tax purposes. The fund employs a bottom-up, research-driven selection process with emphasis on opportunities and growth prospects. In addition, the advisor maintains proprietary business valuation models and analyzes various fundamental and technical factors. To enhance income, the fund writes call options on securities held within the portfolio. It may also use standardized exchange-traded and FLEX options. The fund expects returns from the distribution yield, covered call premiums, cash distribution growth, and potential price appreciation. Single securities are capped at 15%.

Grade (RS Rating)

Last Trade

$26.07

Average Daily Volume

9,753

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	INC	MDST
30 Days	1.38%	1.19%
60 Days	4.50%	4.09%
90 Days	4.78%	4.27%
12 Months	18.16%

0 Overlapping Holdings

	Symbol	Grade	Weight in INC	Weight in MDST	Overlap

INC Overweight 9 Positions Relative to MDST

Symbol	Grade	Weight
ANGL	A	34.89%
EINC	A	10.25%
HYEM	A	8.74%
PFXF	B	8.17%
BIZD	B	7.95%
REZ	C	4.12%
DURA	A	2.89%
SDVY	C	2.8%
DGRW	B	2.74%

INC Underweight 8 Positions Relative to MDST

Symbol	Grade	Weight
ET	C	-9.25%
WMB	A	-8.89%
EPD	A	-8.11%
KMI	A	-7.84%
PAGP	D	-6.62%
OKE	B	-4.98%
DTM	A	-4.93%
LNG	A	-4.88%

INC: Top Represented Industries & Keywords

Industries:

MDST: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream