Expand MDST Menu
MDST MENU

MDST ETF Profile


Family: Westwood
Name: Westwood Salient Enhanced Midstream Income ETF
Inception Date: 8-Apr-2024
Termination Date:
Investment Objective: The Westwood Salient Enhanced Midstream Income ETF (the "Fund") seeks to provide current income and capital appreciation. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of Midstream (as defined below) North American corporations and Midstream U.S. master limited partnerships ("MLPs") (collectively, "Midstream Investments"). MLPs are limited partnerships and limited liability companies that are publicly traded and are treated as partnerships for federal income tax purposes. The units for these entities are listed and traded on a U.S. securities exchange. The Fund invests in equity securities, such as common units and common shares, in Midstream Investments. Midstream companies own and operate the logistical assets used in the energy sector engaged in the treating, gathering, compression, processing, transmission and storage of natural gas and the transportation, fractionation and storage of natural gas liquids (primarily propane, ethane, butane and natural gasoline.
Prospectus
Top 10 Holdings
ENERGY TRANSFER ET 9.3698%
TC ENERGY CORP TRP 8.5876%
ENTERPRISE PRODU EPD 7.9670%
ENBRIDGE INC ENB 7.7606%
KINDER MORGAN IN KMI 7.3705%
PLAINS GP HOLD-A PAGP 6.4601%
WILLIAMS COS INC WMB 4.7488%
TARGA RESOURCES TRGP 4.7169%
DT MIDSTREAM DTM 4.6741%
ONEOK INC OKE 4.6089%
Top 10 Holdings Weight: 66.3%
Number of Holdings: 100
Shares Outstanding: 1,575,000
Total Net Assets: 38,723,110
NAV: 24.60
Net Expense Ratio: 0.80%
Asset Class: MLP
Developed or Emerging: Developed Market Funds
Country:
Region:
Strategy:
Currency:
Commodity:
Sector: Energy
Industry: Oil & Gas Equipment & Services
Dividend Type:
Tax Exempt State:
Maturity Duration:
Market Cap: Broad Market / Multi-Cap
Credit Quality:
Mortgage Bond Types:
Bond Type:
Gov't Bond Types:
Reit Type:
Leverage Direction/Factor:
Is Currency Hedged: No
US or Ex-US: Domestic