Westwood Salient Enhanced Midstream Income ETF
$28.89+0.16 (+0.56%)
- 0.80%
- $303M
- +24.6%
- 9.40%
- 64.1K sh
- low $25.00high $30.43
The ETF.net MDST Grade
C
Score 43 out of 100
- 5 of 7
Score 43 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D32 out of 100Rank 5 of 7Mission
Whether the fund did what it promised, tested against its stated mandate.C45 out of 100Rank 2 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A75 out of 100Rank 2 of 7Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 5 of 7Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 3 of 6Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D31 out of 100Rank 7 of 7
Our read on MDST
In short
CMidstream pipelines already throw off cash. MDST layers a covered call overlay on an actively picked pipeline and MLP book, then pays it out monthly, in a 1099 wrapper instead of the MLP K-1 shuffle.
Stated mandate
The Fund seeks income by investing at least 80% of its net assets, including certain investment-purpose borrowings, in securities of North American midstream corporations and U.S. master limited partnerships.
Why people hold it
Worth knowing
MDST Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MDST$12,456
Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MDST |
|---|---|
| Year to date | +18.6% |
| 1 month | +3.6% |
| 3 months | +0.2% |
| 1 year | +24.6% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MDST |
|---|---|---|
| 2026 YTD | +18.6% | |
| 2025 | +7.1% | |
| 2024 | +17.2% |
MDST in the news
MDST Dividends
- 9.40%
- $2.70
- $0.23 per share
- Monthly
MDST Risk
- 12.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.09
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −14.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
MDST Cost
Overpaying vs XES, cheapest in Energy Sector
$8,220
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
MDST 0.80%
$15,346
XES 0.35% Cheapest
$7,126
Cost over time
Year by year
| Year | MDST | XES | Overpaying |
|---|---|---|---|
| 10 | $1,422 | $634 | $788 |
| 20 | $5,393 | $2,454 | $2,939 |
| 30 | $15,346 | $7,126 | $8,220 |
Other funds in Energy Sector
- BMLPXGlobal X MLP & Energy Infrastructure ETFExpense ratio 0.45%1 year return +32.8%
- CTMLPTortoise MLP ETFExpense ratio 0.50%1 year return
- CPXJInvesco Oil & Gas Services ETFExpense ratio 0.63%1 year return +52.9%
- CAMLPAlerian MLP ETFExpense ratio 1.01%1 year return +22.4%
- FCOALRange Global Coal Index ETFExpense ratio 0.85%1 year return +5.6%
