MDST vs. MLPA ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Global X MLP ETF (MLPA)
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
$27.90
Average Daily Volume
16,630
18
MLPA
Global X MLP ETF
MLPA Description
The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP Composite Index ("underlying index"). The fund invests at least 80% of its net assets in the securities of the underlying index. Moreover, at least 80% of the fund's net assets will be invested in securities that have economic characteristics of the Master Limited Partnership ("MLP") asset class. The underlying index is intended to give investors a means of tracking the overall performance of the United States master limited partnerships (MLP) asset class. The fund is non-diversified.Grade (RS Rating)
Last Trade
$50.17
Average Daily Volume
97,317
18
Performance
| Period | MDST | MLPA |
|---|---|---|
| 30 Days | 7.19% | 6.05% |
| 60 Days | 8.50% | 5.49% |
| 90 Days | 9.98% | 6.81% |
| 12 Months | 18.92% |
MDST: Top Represented Industries & Keywords
MLPA: Top Represented Industries & Keywords
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