MDST vs. WEEI ETF Comparison

Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Westwood Salient Enhanced Energy Income ETF (WEEI)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WEEI

Westwood Salient Enhanced Energy Income ETF

WEEI Description

The fund is an actively managed ETF that seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of Midstream North American corporations and Midstream U.S. master limited partnerships ("MLPs") (collectively, "Midstream Investments"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.33

Average Daily Volume

1,781

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDST	WEEI
30 Days	7.86%	6.06%
60 Days	8.31%	7.02%
90 Days	9.80%	5.41%
12 Months

4 Overlapping Holdings

Symbol	Grade	Weight in MDST	Weight in WEEI	Overlap
KMI	A	8.05%	3.74%	3.74%
OKE	A	5.25%	4.6%	4.6%
TRGP	B	5.86%	2.94%	2.94%
WMB	A	8.51%	4.81%	4.81%

MDST Overweight 14 Positions Relative to WEEI

Symbol	Grade	Weight
ET	A	9.3%
EPD	A	8.12%
PAGP	A	5.98%
DTM	B	5.91%
LNG	B	5.08%
AM	A	4.73%
HESM	B	4.35%
MPLX	A	4.29%
KNTK	B	4.29%
ENLC	A	3.83%
WES	C	3.0%
DKL	C	0.37%
GEL	D	0.33%
NEXT	B	0.05%

MDST Underweight 18 Positions Relative to WEEI

Symbol	Grade	Weight
XOM	B	-20.74%
CVX	A	-16.3%
COP	C	-6.62%
EOG	A	-5.0%
SLB	C	-4.73%
MPC	D	-3.98%
PSX	C	-3.9%
FANG	D	-3.62%
HES	B	-3.24%
VLO	C	-3.23%
BKR	B	-3.05%
OXY	D	-3.01%
HAL	C	-1.93%
EQT	B	-1.89%
DVN	F	-1.79%
CTRA	B	-1.39%
MRO	B	-1.07%
APA	D	-0.74%

MDST: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Pipelines Oil & Gas E&P