MDST vs. RSPG ETF Comparison

Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Invesco S&P 500 Equal Weight Energy ETF (RSPG)

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

$28.05

Average Daily Volume

16,942

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RSPG

Invesco S&P 500 Equal Weight Energy ETF

RSPG Description

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Energy Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the energy sector, as defined according to the Global Industry Classification Standard (GICS).

Grade (RS Rating)

Last Trade

$85.96

Average Daily Volume

41,004

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MDST	RSPG
30 Days	7.20%	9.20%
60 Days	9.17%	11.22%
90 Days	9.50%	8.69%
12 Months		18.13%

4 Overlapping Holdings

Symbol	Grade	Weight in MDST	Weight in RSPG	Overlap
KMI	A	8.05%	5.15%	5.15%
OKE	A	5.25%	4.81%	4.81%
TRGP	A	5.86%	5.26%	5.26%
WMB	A	8.51%	5.02%	5.02%

MDST Overweight 14 Positions Relative to RSPG

Symbol	Grade	Weight
ET	A	9.3%
EPD	A	8.12%
PAGP	A	5.98%
DTM	A	5.91%
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 18 Positions Relative to RSPG

Symbol	Grade	Weight
BKR	A	-5.26%
EQT	B	-5.25%
CVX	A	-4.69%
EOG	A	-4.62%
HES	B	-4.6%
CTRA	B	-4.55%
MRO	B	-4.5%
COP	C	-4.45%
SLB	C	-4.43%
XOM	B	-4.42%
HAL	C	-4.4%
FANG	C	-4.31%
VLO	C	-4.25%
PSX	C	-4.17%
DVN	F	-4.07%
OXY	D	-4.05%
MPC	D	-3.94%
APA	D	-3.85%

MDST: Top Represented Industries & Keywords

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