MDST vs. MLPX ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Global X MLP & Energy Infrastructure ETF (MLPX)
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
MLPX
Global X MLP & Energy Infrastructure ETF
MLPX Description
The investment seeks to provide investment results that correspond generally to the price and yield performance of the Solactive MLP & Energy Infrastructure Index. The fund invests at least 80% of its total assets in the securities of the underlying index. It also invests at least 80% of its total assets in securities of master limited partnerships and energy infrastructure corporations. The fund's 80% investment policies are non-fundamental and require 60 days' prior written notice to shareholders before it can be changed. The underlying index tracks the performance of MLPs and energy infrastructure corporations. It is non-diversified.Grade (RS Rating)
Last Trade
$62.64
Average Daily Volume
304,270
21
Performance
| Period | MDST | MLPX |
|---|---|---|
| 30 Days | 5.65% | 10.58% |
| 60 Days | 7.81% | 16.32% |
| 90 Days | 9.72% | 20.28% |
| 12 Months | 50.99% |
17 Overlapping Holdings
| Symbol | Grade | Weight in MDST | Weight in MLPX | Overlap | |
|---|---|---|---|---|---|
| AM | A | 4.73% | 2.97% | 2.97% | |
| DKL | C | 0.37% | 0.25% | 0.25% | |
| DTM | A | 5.91% | 5.1% | 5.1% | |
| ENLC | A | 3.83% | 1.99% | 1.99% | |
| EPD | A | 8.12% | 4.08% | 4.08% | |
| ET | A | 9.3% | 4.11% | 4.11% | |
| HESM | A | 4.35% | 1.57% | 1.57% | |
| KMI | A | 8.05% | 7.23% | 7.23% | |
| KNTK | A | 4.29% | 1.2% | 1.2% | |
| LNG | A | 5.08% | 6.92% | 5.08% | |
| MPLX | A | 4.29% | 4.22% | 4.22% | |
| NEXT | B | 0.05% | 0.68% | 0.05% | |
| OKE | A | 5.25% | 9.73% | 5.25% | |
| PAGP | A | 5.98% | 2.02% | 2.02% | |
| TRGP | A | 5.86% | 5.31% | 5.31% | |
| WES | C | 3.0% | 3.69% | 3.0% | |
| WMB | A | 8.51% | 9.92% | 8.51% |
MDST Overweight 1 Positions Relative to MLPX
| Symbol | Grade | Weight | |
|---|---|---|---|
| GEL | D | 0.33% |
MDST: Top Represented Industries & Keywords
MLPX: Top Represented Industries & Keywords
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