MDST vs. USAI ETF Comparison
Comparison of Westwood Salient Enhanced Midstream Income ETF (MDST) to Pacer American Energy Independence ETF (USAI)
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
USAI
Pacer American Energy Independence ETF
USAI Description
The investment seeks to track the performance, before fees and expenses, of the American Energy Independence Index. Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index and depositary receipts representing foreign securities. The index uses a proprietary, rules-based methodology to measure the performance of a portfolio of U.S. and Canadian exchange-listed equity securities of companies that generate a majority of their cash flow from certain qualifying midstream energy infrastructure activities. The fund is non-diversified.Grade (RS Rating)
Last Trade
$41.89
Average Daily Volume
8,916
20
Performance
| Period | MDST | USAI |
|---|---|---|
| 30 Days | 7.86% | 14.73% |
| 60 Days | 8.31% | 18.54% |
| 90 Days | 9.80% | 22.67% |
| 12 Months | 50.71% |
17 Overlapping Holdings
| Symbol | Grade | Weight in MDST | Weight in USAI | Overlap | |
|---|---|---|---|---|---|
| AM | A | 4.73% | 2.46% | 2.46% | |
| DTM | B | 5.91% | 3.64% | 3.64% | |
| ENLC | A | 3.83% | 2.31% | 2.31% | |
| EPD | A | 8.12% | 3.94% | 3.94% | |
| ET | A | 9.3% | 6.78% | 6.78% | |
| GEL | D | 0.33% | 1.28% | 0.33% | |
| HESM | B | 4.35% | 2.11% | 2.11% | |
| KMI | A | 8.05% | 7.87% | 7.87% | |
| KNTK | B | 4.29% | 2.34% | 2.34% | |
| LNG | B | 5.08% | 4.38% | 4.38% | |
| MPLX | A | 4.29% | 3.9% | 3.9% | |
| NEXT | B | 0.05% | 2.62% | 0.05% | |
| OKE | A | 5.25% | 7.35% | 5.25% | |
| PAGP | A | 5.98% | 2.12% | 2.12% | |
| TRGP | B | 5.86% | 4.7% | 4.7% | |
| WES | C | 3.0% | 2.29% | 2.29% | |
| WMB | A | 8.51% | 7.84% | 7.84% |
MDST Overweight 1 Positions Relative to USAI
| Symbol | Grade | Weight | |
|---|---|---|---|
| DKL | C | 0.37% |
MDST: Top Represented Industries & Keywords
USAI: Top Represented Industries & Keywords
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