MDST vs. TPYP ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Tortoise North American Pipeline Fund ETF (TPYP)
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
$28.00
Average Daily Volume
17,339
18
TPYP
Tortoise North American Pipeline Fund ETF
TPYP Description
The investment seeks investment results that correspond generally to the price and distribution rate (total return) performance of the Tortoise North American Pipeline Index (the "underlying index"). The fund will normally invest at least 80% of its total assets in securities that comprise the underlying index (or depository receipts based on such securities). The underlying index is a proprietary rules-based, capitalization weighted, float adjusted index designed to track the overall performance of equity securities of North American Pipeline Companies. The fund is non-diversified.Grade (RS Rating)
Last Trade
$36.69
Average Daily Volume
49,950
35
Performance
| Period | MDST | TPYP |
|---|---|---|
| 30 Days | 7.86% | 12.24% |
| 60 Days | 8.31% | 15.88% |
| 90 Days | 9.80% | 20.16% |
| 12 Months | 49.25% |
17 Overlapping Holdings
| Symbol | Grade | Weight in MDST | Weight in TPYP | Overlap | |
|---|---|---|---|---|---|
| AM | A | 4.73% | 1.59% | 1.59% | |
| DKL | C | 0.37% | 0.09% | 0.09% | |
| DTM | B | 5.91% | 1.7% | 1.7% | |
| ENLC | A | 3.83% | 1.2% | 1.2% | |
| EPD | A | 8.12% | 3.67% | 3.67% | |
| ET | A | 9.3% | 3.8% | 3.8% | |
| GEL | D | 0.33% | 0.22% | 0.22% | |
| HESM | B | 4.35% | 0.63% | 0.63% | |
| KMI | A | 8.05% | 7.75% | 7.75% | |
| KNTK | B | 4.29% | 0.66% | 0.66% | |
| LNG | B | 5.08% | 7.11% | 5.08% | |
| MPLX | A | 4.29% | 3.08% | 3.08% | |
| OKE | A | 5.25% | 7.92% | 5.25% | |
| PAGP | A | 5.98% | 0.63% | 0.63% | |
| TRGP | B | 5.86% | 4.7% | 4.7% | |
| WES | C | 3.0% | 1.27% | 1.27% | |
| WMB | A | 8.51% | 8.24% | 8.24% |
MDST Overweight 1 Positions Relative to TPYP
| Symbol | Grade | Weight | |
|---|---|---|---|
| NEXT | B | 0.05% |
MDST: Top Represented Industries & Keywords
TPYP: Top Represented Industries & Keywords
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