Westwood Celebrates One-Year Anniversary of Westwood Salient Enhanced Midstream Income ETF (NYSE: MDST) as Assets Approach $100 Million

Core Insights - Westwood Holdings Group celebrates the one-year anniversary of the Westwood Salient Enhanced Midstream Income ETF (MDST), which has gained significant traction among income-seeking investors, nearing $100 million in assets under management [1][2][3] - The ETF aims to provide exposure to the midstream energy sector through a covered-call strategy, allowing investors to benefit from the stability and cash flow of midstream infrastructure companies while enhancing yield through options premiums [2][3] - The fund has achieved an annualized distribution rate of 10.5% as of March 28, 2025, and has shown strong performance with a net asset value (NAV) increase of 22.95% since inception [1][4] Company Overview - Westwood Holdings Group is a boutique asset management firm that offers a range of actively-managed investment strategies and wealth services to various clients, emphasizing a client-first approach [7][8] - The firm has expanded its ETF platform to five funds within a year, indicating a commitment to innovative, outcome-driven investments [4] Fund Performance - As of March 31, 2025, MDST reported a quarter-to-date performance of 5.71% and a market price increase of 5.36% [4] - The fund's expense ratio stands at 0.80%, and it offers a subsidized/unsubsidized 30-day yield of 3.69% [4] Investment Strategy - MDST is designed for income investors, focusing on generating reliable income through a combination of dividend income and options premiums, which helps mitigate volatility [3][4] - The fund's structure provides tax transparency and accessibility, aligning with Westwood's innovative investment strategies [3]