The Westwood Salient Enhanced Midstream Income ETF offers a 9.27% yield via a covered call strategy on midstream energy equities. MDST sacrifices capital gains upside for higher distributable income, outperforming peers in flat or declining midstream markets but lagging during strong rallies. Recent portfolio changes prioritize higher yield (Pembina Pipeline) over growth potential (Targa Resources), aligning with the fund's income focus.
MDST: A Good Midstream Fund If Oil Prices Start Declining
Source: Seeking Alpha