MDST vs. NBCT ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Neuberger Berman Carbon Transition Infrastructure ETF (NBCT)
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
$27.92
Average Daily Volume
16,942
18
NBCT
Neuberger Berman Carbon Transition Infrastructure ETF
NBCT Description
Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities of carbon transition companies and infrastructure companies. It invests a significant portion of its assets in carbon transition companies, which the Managers consider to be those companies that have, or in the Portfolio Managers" view, are reasonably expected to have, at least 20% of their assets or revenue, committed to or derived from infrastructure that will facilitate global decarbonization and/or the reduction of other greenhouse gas emissions.Grade (RS Rating)
Last Trade
$30.66
Average Daily Volume
13,227
23
Performance
| Period | MDST | NBCT |
|---|---|---|
| 30 Days | 7.20% | -0.15% |
| 60 Days | 9.17% | 4.26% |
| 90 Days | 9.50% | 11.35% |
| 12 Months | 42.98% |
12 Overlapping Holdings
| Symbol | Grade | Weight in MDST | Weight in NBCT | Overlap | |
|---|---|---|---|---|---|
| AM | A | 4.73% | 3.45% | 3.45% | |
| DTM | A | 5.91% | 3.71% | 3.71% | |
| EPD | A | 8.12% | 7.42% | 7.42% | |
| ET | A | 9.3% | 7.32% | 7.32% | |
| HESM | B | 4.35% | 1.93% | 1.93% | |
| KNTK | A | 4.29% | 3.27% | 3.27% | |
| LNG | A | 5.08% | 6.69% | 5.08% | |
| OKE | A | 5.25% | 2.12% | 2.12% | |
| PAGP | A | 5.98% | 2.9% | 2.9% | |
| TRGP | A | 5.86% | 8.39% | 5.86% | |
| WES | C | 3.0% | 5.07% | 3.0% | |
| WMB | A | 8.51% | 5.18% | 5.18% |
MDST: Top Represented Industries & Keywords
NBCT: Top Represented Industries & Keywords
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