MDST vs. EINC ETF Comparison

Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to VanEck Vectors Energy Income ETF (EINC)

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

EINC

VanEck Vectors Energy Income ETF

EINC Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® North America Energy Infrastructure Index. The fund will normally invest at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is a rules-based index designed to give investors a means to track the overall performance of North American companies involved in the midstream energy segment, which includes master limited partnerships (MLPs) and corporations involved in oil and gas storage and transportation. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$86.26

Average Daily Volume

3,956

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDST	EINC
30 Days	1.19%	2.20%
60 Days	4.09%	8.58%
90 Days	4.27%	8.07%
12 Months		43.20%

8 Overlapping Holdings

Symbol	Grade	Weight in MDST	Weight in EINC	Overlap
DTM	A	4.93%	4.64%	4.64%
EPD	A	8.11%	4.37%	4.37%
ET	C	9.25%	4.43%	4.43%
KMI	A	7.84%	5.61%	5.61%
LNG	A	4.88%	5.94%	4.88%
OKE	B	4.98%	6.78%	4.98%
PAGP	D	6.62%	1.1%	1.1%
WMB	A	8.89%	7.87%	7.87%

MDST Overweight 0 Positions Relative to EINC

	Symbol	Grade	Weight

MDST Underweight 16 Positions Relative to EINC

Symbol	Grade	Weight
TRGP	B	-4.96%
AM	A	-4.64%
MPLX	A	-4.58%
ENLC	A	-3.28%
PAA	D	-2.73%
AROC	B	-2.45%
WES	D	-2.07%
SUN	D	-2.02%
KNTK	B	-1.96%
HESM	D	-0.84%
CQP	F	-0.72%
NEXT	F	-0.58%
GEL	D	-0.44%
EE	A	-0.35%
DKL	B	-0.21%
NGL	D	-0.18%

MDST: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream