MDST vs. EMLP ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to First Trust North American Energy Infrastructure Fund (EMLP)
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
$27.58
Average Daily Volume
16,088
18
EMLP
First Trust North American Energy Infrastructure Fund
EMLP Description
The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.Grade (RS Rating)
Last Trade
$36.75
Average Daily Volume
155,357
50
Performance
| Period | MDST | EMLP |
|---|---|---|
| 30 Days | 5.65% | 6.31% |
| 60 Days | 7.81% | 10.21% |
| 90 Days | 9.72% | 14.25% |
| 12 Months | 38.97% |
12 Overlapping Holdings
| Symbol | Grade | Weight in MDST | Weight in EMLP | Overlap | |
|---|---|---|---|---|---|
| DTM | A | 5.91% | 4.66% | 4.66% | |
| ENLC | A | 3.83% | 0.0% | 0.0% | |
| EPD | A | 8.12% | 8.47% | 8.12% | |
| ET | A | 9.3% | 7.15% | 7.15% | |
| HESM | A | 4.35% | 0.63% | 0.63% | |
| KMI | A | 8.05% | 5.06% | 5.06% | |
| LNG | A | 5.08% | 1.56% | 1.56% | |
| MPLX | A | 4.29% | 3.91% | 3.91% | |
| OKE | A | 5.25% | 5.56% | 5.25% | |
| PAGP | A | 5.98% | 4.78% | 4.78% | |
| TRGP | A | 5.86% | 3.73% | 3.73% | |
| WMB | A | 8.51% | 2.45% | 2.45% |
MDST Underweight 38 Positions Relative to EMLP
| Symbol | Grade | Weight | |
|---|---|---|---|
| SRE | A | -4.16% | |
| NFG | A | -2.79% | |
| PEG | C | -2.54% | |
| PPL | A | -2.4% | |
| PWR | A | -2.27% | |
| AEP | C | -2.14% | |
| ATO | A | -1.61% | |
| LNT | A | -1.48% | |
| AES | F | -1.36% | |
| FLR | B | -1.31% | |
| ETR | A | -1.3% | |
| VST | A | -1.29% | |
| SUN | B | -1.24% | |
| EVRG | A | -1.15% | |
| WEC | A | -1.14% | |
| XEL | A | -1.13% | |
| CQP | B | -1.02% | |
| DTE | C | -1.01% | |
| OGS | A | -1.0% | |
| CMS | C | -0.97% | |
| WLKP | A | -0.79% | |
| DUK | C | -0.7% | |
| NEP | F | -0.68% | |
| CNP | A | -0.63% | |
| WTRG | B | -0.6% | |
| AROC | A | -0.56% | |
| CWEN | C | -0.52% | |
| IDA | A | -0.51% | |
| D | C | -0.5% | |
| SO | C | -0.46% | |
| NJR | A | -0.44% | |
| CEG | C | -0.29% | |
| AEE | A | -0.27% | |
| CPK | A | -0.24% | |
| USAC | B | -0.12% | |
| EXC | C | -0.1% | |
| UGI | C | -0.08% | |
| AWK | C | -0.05% |
MDST: Top Represented Industries & Keywords
EMLP: Top Represented Industries & Keywords
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