AMZA vs. MDST ETF Comparison

Comparison of InfraCap MLP ETF (AMZA) to Westwood Salient Enhanced Midstream Income ETF (MDST)

AMZA

InfraCap MLP ETF

AMZA Description

The investment seeks total return primarily through investments in equity securities of publicly traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"). Under normal market conditions, the fund will invest not less than 80% of its total assets in equity securities of MLPs in the energy infrastructure sector. Under normal circumstances, the fund will not invest more than 15% of its total assets in any one issuer. It is non-diversified.

Grade (RS Rating)

Last Trade

$40.21

Average Daily Volume

33,081

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$25.65

Average Daily Volume

10,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	AMZA	MDST
30 Days	1.52%	0.95%
60 Days	-0.94%	2.14%
90 Days	-0.30%	3.30%
12 Months	24.05%

7 Overlapping Holdings

Symbol	Grade	Weight in AMZA	Weight in MDST	Overlap
DTM	C	0.47%	4.93%	0.47%
EPD	C	14.83%	8.11%	8.11%
ET	C	13.57%	9.25%	9.25%
KMI	C	1.83%	7.84%	1.83%
LNG	D	2.72%	4.88%	2.72%
OKE	C	1.19%	4.98%	1.19%
WMB	C	1.39%	8.89%	1.39%

AMZA Overweight 17 Positions Relative to MDST

Symbol	Grade	Weight
PAA	D	16.96%
MPLX	B	16.39%
WES	D	14.02%
SUN	D	13.99%
ENLC	B	5.74%
CQP	F	5.32%
HESM	D	4.29%
DKL	D	2.65%
GEL	D	2.49%
TRGP	C	1.68%
VLO	F	1.55%
GLP	C	1.47%
USAC	D	1.09%
MPC	F	0.97%
PSX	F	0.73%
SPH	D	0.21%
DINO	F	0.01%

AMZA Underweight 1 Positions Relative to MDST

	Symbol	Grade	Weight
	PAGP	D	-6.62%

AMZA: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream Oil & Gas Refining & Marketing Oil & Gas Equipment & Services Oil & Gas Pipelines Utilities - Regulated Gas

MDST: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream