Key stats
About Ultimus Managers Trust Westwood Salient Enhanced Midstream Income ETF
Home page
Inception date
Apr 9, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Westwood Management Corp. (Texas)
Distributor
Northern Lights Distributors LLC
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 will invest up to 80% of the funds assets in publicly traded MLPs. Exposure to equity securities of MLPs is capped at 25%. 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%.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Industrial Services
Stocks100.04%
Industrial Services87.63%
Energy Minerals6.00%
Utilities5.33%
Process Industries0.57%
Bonds, Cash & Other−0.04%
Cash0.47%
Miscellaneous−0.01%
Rights & Warrants−0.50%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MDST invests in stocks. The fund's major sectors are Industrial Services, with 88.07% stocks, and Energy Minerals, with 6.03% of the basket. The assets are mostly located in the North America region.
MDST top holdings are Energy Transfer LP and Enbridge Inc., occupying 8.90% and 8.17% of the portfolio correspondingly.
MDST last dividends amounted to 0.23 USD. The month before, the issuer paid 0.23 USD in dividends,
MDST assets under management is 123.02 M USD. It's risen 22.31% over the last month.
MDST fund flows account for 74.14 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MDST pays dividends to its holders with the dividend yield of 10.04%. The last dividend (Jul 2, 2025) amounted to 0.22 USD. The dividends are paid monthly.
MDST shares are issued by Westwood Holdings Group, Inc. under the brand Westwood. The ETF was launched on Apr 9, 2024, and its management style is Active.
MDST expense ratio is 0.80% meaning you'd have to pay 0.80% of your investment to help manage the fund.
MDST follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MDST invests in stocks.
MDST price has risen by 0.37% over the last month, and its yearly performance shows a 6.24% increase. See more dynamics on MDST price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −1.69% over the last month, have fallen by −1.69% over the last month, showed a 2.02% increase in three-month performance and has increased by 3.31% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −1.69% over the last month, have fallen by −1.69% over the last month, showed a 2.02% increase in three-month performance and has increased by 3.31% in a year.
MDST trades at a premium (1.70%) meaning the ETF is trading at a higher price than the calculated NAV.