MDST vs. HIPS ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Master Income ETF (HIPS)
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
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.Grade (RS Rating)
Last Trade
$13.16
Average Daily Volume
31,726
37
Performance
| Period | MDST | HIPS |
|---|---|---|
| 30 Days | 7.86% | 3.55% |
| 60 Days | 8.31% | 1.87% |
| 90 Days | 9.80% | 3.35% |
| 12 Months | 20.42% |
MDST Underweight 33 Positions Relative to HIPS
| Symbol | Grade | Weight | |
|---|---|---|---|
| BGX | A | -2.79% | |
| LTC | B | -2.79% | |
| JQC | A | -2.78% | |
| JFR | A | -2.75% | |
| ARCC | A | -2.72% | |
| SLRC | A | -2.66% | |
| FSK | A | -2.65% | |
| EFT | A | -2.64% | |
| FCT | A | -2.63% | |
| FDUS | A | -2.62% | |
| BXSL | A | -2.62% | |
| BLW | B | -2.6% | |
| DMLP | A | -2.6% | |
| GTY | B | -2.59% | |
| CQP | B | -2.56% | |
| GBDC | C | -2.55% | |
| NBB | D | -2.54% | |
| KRP | B | -2.53% | |
| DSU | B | -2.52% | |
| ALX | D | -2.49% | |
| PAA | B | -2.48% | |
| SBRA | C | -2.48% | |
| GLPI | C | -2.48% | |
| OHI | C | -2.46% | |
| USAC | B | -2.44% | |
| BSM | B | -2.44% | |
| PK | B | -2.41% | |
| EPR | D | -2.28% | |
| NMFC | D | -2.26% | |
| GSBD | F | -2.2% | |
| NNN | D | -2.18% | |
| NHS | D | -2.02% | |
| GNL | F | -1.83% |
MDST: Top Represented Industries & Keywords
HIPS: Top Represented Industries & Keywords
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