MDST vs. MLPB ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 (MLPB)
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
$27.84
Average Daily Volume
16,630
18
MLPB
ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040
MLPB Description
The ETRACS Alerian MLP Infrastructure Index ETN Series B is senior unsecured debt securities issued by UBS that provide exposure to potential price appreciation in the Alerian MLP Infrastructure Index. The index, comprised of 22 energy infrastructure master limited partnerships, is a subset of the Alerian MLP Index. The index refers to the master limited partnerships included in the Alerian MLP Infrastructure Index as the “index constituents.” It constituents earn the majority of their cash flow from the transportation, storage, and processing of energy commodities. The index is intended to provide diversified exposure specifically to infrastructure investment.Grade (RS Rating)
Last Trade
$25.40
Average Daily Volume
6,184
8
Performance
| Period | MDST | MLPB |
|---|---|---|
| 30 Days | 7.19% | 7.10% |
| 60 Days | 8.50% | 6.06% |
| 90 Days | 9.98% | 7.58% |
| 12 Months | 25.35% |
MDST: Top Represented Industries & Keywords
MLPB: Top Represented Industries & Keywords
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