MDST vs. DIVY ETF Comparison

Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Sound Equity Income ETF (DIVY)

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

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DIVY

Sound Equity Income ETF

DIVY Description

The investment seeks to produce long-term capital appreciation. The fund's principal investment strategy is designed to provide exposure to the aggregate value of ordinary dividends expected to be paid on a portfolio of large capitalization equity securities listed for trading in the U.S. (Large Cap Securities). The fund may use a variety of investment strategies to achieve this objective. Under normal circumstances, it generally invests in a combination of dividend swaps, dividend futures and forwards on indexes of Large Cap Securities (Large Cap Securities Indexes). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.77

Average Daily Volume

4,208

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDST	DIVY
30 Days	7.20%	-0.39%
60 Days	9.17%	-0.04%
90 Days	9.50%	0.94%
12 Months		12.05%

1 Overlapping Holdings

	Symbol	Grade	Weight in MDST	Weight in DIVY	Overlap
	OKE	A	5.25%	4.95%	4.95%

MDST Overweight 17 Positions Relative to DIVY

Symbol	Grade	Weight
ET	A	9.3%
WMB	A	8.51%
EPD	A	8.12%
KMI	A	8.05%
PAGP	A	5.98%
DTM	A	5.91%
TRGP	A	5.86%
LNG	A	5.08%
AM	A	4.73%
HESM	B	4.35%
MPLX	A	4.29%
KNTK	A	4.29%
ENLC	A	3.83%
WES	C	3.0%
DKL	C	0.37%
GEL	D	0.33%
NEXT	C	0.05%

MDST Underweight 7 Positions Relative to DIVY

Symbol	Grade	Weight
T	A	-4.76%
LYB	F	-4.09%
IBM	C	-3.99%
OMC	C	-3.81%
C	A	-3.63%
MTB	A	-3.52%
PFE	F	-3.43%

MDST: Top Represented Industries & Keywords

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