MDST vs. GPOW ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Goldman Sachs North American Pipelines & Power Equity ETF (GPOW)
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
GPOW
Goldman Sachs North American Pipelines & Power Equity ETF
GPOW Description
The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities included in its underlying index. The index is designed to deliver exposure to equity securities of U.S. and Canadian listed companies, including companies structured as master limited partnerships, operating in the pipelines and power universe. The fund is non-diversified.Grade (RS Rating)
Last Trade
$56.76
Average Daily Volume
1,342
33
Performance
| Period | MDST | GPOW |
|---|---|---|
| 30 Days | 7.86% | 10.14% |
| 60 Days | 8.31% | 12.29% |
| 90 Days | 9.80% | 16.25% |
| 12 Months | 42.12% |
17 Overlapping Holdings
| Symbol | Grade | Weight in MDST | Weight in GPOW | Overlap | |
|---|---|---|---|---|---|
| AM | A | 4.73% | 2.69% | 2.69% | |
| DKL | C | 0.37% | 0.14% | 0.14% | |
| DTM | B | 5.91% | 1.83% | 1.83% | |
| ENLC | A | 3.83% | 1.97% | 1.97% | |
| EPD | A | 8.12% | 3.04% | 3.04% | |
| ET | A | 9.3% | 4.15% | 4.15% | |
| HESM | B | 4.35% | 1.09% | 1.09% | |
| KMI | A | 8.05% | 6.1% | 6.1% | |
| KNTK | B | 4.29% | 0.41% | 0.41% | |
| LNG | B | 5.08% | 6.2% | 5.08% | |
| MPLX | A | 4.29% | 1.71% | 1.71% | |
| NEXT | B | 0.05% | 0.49% | 0.05% | |
| OKE | A | 5.25% | 8.33% | 5.25% | |
| PAGP | A | 5.98% | 1.09% | 1.09% | |
| TRGP | B | 5.86% | 7.79% | 5.86% | |
| WES | C | 3.0% | 1.64% | 1.64% | |
| WMB | A | 8.51% | 6.0% | 6.0% |
MDST Overweight 1 Positions Relative to GPOW
| Symbol | Grade | Weight | |
|---|---|---|---|
| GEL | D | 0.33% |
MDST: Top Represented Industries & Keywords
GPOW: Top Represented Industries & Keywords
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