MDST vs. NBET ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Neuberger Berman Energy Transition & Infrastructure ETF (NBET)
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
NBET
Neuberger Berman Energy Transition & Infrastructure ETF
NBET Description
Under normal market conditions, the fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities of carbon transition companies and infrastructure companies. It invests a significant portion of its assets in carbon transition companies, which manager considers to be those companies operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded master limited partnerships or limited liability companies taxed as partnerships, MLPs that are taxed as C-corporations, MLP affiliates.Grade (RS Rating)
Last Trade
$34.24
Average Daily Volume
1,680
23
Performance
| Period | MDST | NBET |
|---|---|---|
| 30 Days | 7.19% | |
| 60 Days | 8.50% | |
| 90 Days | 9.98% | |
| 12 Months |
12 Overlapping Holdings
| Symbol | Grade | Weight in MDST | Weight in NBET | Overlap | |
|---|---|---|---|---|---|
| AM | A | 4.73% | 3.36% | 3.36% | |
| DTM | A | 5.91% | 3.68% | 3.68% | |
| EPD | A | 8.12% | 7.48% | 7.48% | |
| ET | A | 9.3% | 7.34% | 7.34% | |
| HESM | A | 4.35% | 1.95% | 1.95% | |
| KNTK | A | 4.29% | 3.31% | 3.31% | |
| LNG | A | 5.08% | 6.56% | 5.08% | |
| OKE | A | 5.25% | 2.11% | 2.11% | |
| PAGP | A | 5.98% | 2.94% | 2.94% | |
| TRGP | A | 5.86% | 8.23% | 5.86% | |
| WES | C | 3.0% | 5.26% | 3.0% | |
| WMB | A | 8.51% | 5.06% | 5.06% |
MDST: Top Represented Industries & Keywords
NBET: Top Represented Industries & Keywords
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