Westwood Salient Enhanced Midstream Income ETF

Frequently Asked Questions About MDST

What does MDST invest in?

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 North American corporations and Midstream U.S. master limited partnerships (“MLPs”). The fund is non-diversified.

What is the expense ratio of MDST?

Westwood Salient Enhanced Midstream Income ETF (MDST) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.

What is MDST's dividend yield?

MDST's trailing-twelve-month yield is 9.75%, calculated from the sum of dividends over the past year divided by the current price.

How big is MDST?

Westwood Salient Enhanced Midstream Income ETF (MDST) manages $152.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is MDST actively managed or an index fund?

MDST is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MDST's is 0.80%) in exchange for the discretion to over- or under-weight positions.

When was MDST launched?

Westwood Salient Enhanced Midstream Income ETF (MDST) launched in April 2024 and is managed by Westwood.