Westwood Holdings Group (WHG), a publicly-traded investment
management boutique and wealth management firm, today announced
monthly income distributions for Westwood Salient Enhanced
Midstream Income ETF (NYSE: MDST) and Westwood Salient Enhanced
Energy Income ETF (NASDAQ: WEEI) as shown in the table below. This
pair of Westwood Exchange- Traded Funds (ETFs) deliver income
from both dividends and options premiums to help provide monthly
income distributions for investors. Most recently, both strategies
are providing double-digit income to investors.
ETF Ticker |
ETF |
Distribution per
Share |
Annualized Distribution
Rate1 |
(NYSE: MDST) |
Westwood Salient Enhanced Midstream Income ETF |
0.225 |
11% |
(NASDAQ: WEEI) |
Westwood Salient Enhanced Energy Income ETF |
0.225 |
11.4% |
Both MDST and WEEI are actively managed funds,
designed to provide advisors and investors with a robust solution
for generating high distributable monthly income, combining
dividend yield and options premiums from covered calls, while also
offering the potential for equity appreciation within the energy
sector.
“Westwood launched MDST and WEEI to provide a differentiated
income solution for advisors and investors in an efficient ETF
wrapper,” said Greg Reid, president of Real Assets at Westwood and
portfolio manager of MDST and WEEI. “In the short time since their
launch, we believe both ETFs have demonstrated their value and
purpose. We view both funds as valuable tools for generating income
in an investor’s portfolio.”
Launched April 9, 2024, MDST seeks to deliver current income and
capital appreciation by investing in midstream energy companies,
defined as companies and master limited partnerships (MLPs) that
gather, transport, store and distribute crude oil, natural gas and
other energy products. The fund combines dividend yield and options
premiums from covered calls to target significant monthly income
distributions. MDST currently has $38.74 million in net assets, as
of May 30, 2024.
WEEI, which launched May 1, 2024, offers broad exposure to
energy companies, including upstream, downstream, oil service and
integrated companies that operate in all phases of oil exploration,
production, service and distribution. Like MDST, WEEI combines
dividend yield and options premiums from covered calls to target
significant monthly income distributions. WEEI currently has $2.96
million in net assets as of May 30, 2024.
1The Annualized Distribution Rate shown is as of May 30, 2024.
The Annualized Distribution Rate is the annual yield an investor
would receive if the most recent distribution, which includes
option premium income, remained the same going forward. The
Annualized Distribution Rate is calculated by multiplying an ETF's
Distribution per Share by twelve (12), and dividing the resulting
amount by the ETF's most recent NAV. The Distribution Rate
represents a single distribution from the ETF and does not
represent its total return. Distributions may also include a
combination of ordinary dividends, capital gain, and return of
investor capital, which may decrease an ETF's NAV and trading price
over time. As a result, an investor may suffer significant losses
to their investment. These Distribution Rates may be caused by
unusually favorable market conditions and may not be sustainable.
Such conditions may not continue to exist and there should be no
expectation that this performance may be repeated in the
future.
More information on Westwood’s ETF offerings is available at
westwoodetfs.com.
ABOUT WESTWOOD
HOLDINGS GROUP,
INC.
Westwood Holdings Group, Inc. is a focused investment management
boutique and wealth management firm.
Founded in 1983, Westwood offers a broad array of investment
solutions to institutional investors, private wealth clients and
financial intermediaries. The firm specializes in several distinct
investment capabilities: U.S. Value Equity, Multi-Asset, Energy
& Real Assets, Income Alternatives, Tactical Absolute Return
and Managed Investment Solutions, which are available through
separate accounts, the Westwood Funds® family of mutual funds,
exchange-traded funds (ETFs) and other pooled vehicles. Westwood
benefits from significant, broad-based employee ownership and
trades on the New York Stock Exchange under the symbol “WHG.” Based
in Dallas, Westwood also maintains offices in Chicago, Houston and
San Francisco.
For more information on Westwood, please visit
westwoodgroup.com.
Westwood ETFs are distributed by Northern Lights Distributors,
LLC (Member FINRA). Northern Lights Distributors and Westwood ETFs
(or Westwood Holdings Group, Inc.) are separate and
unaffiliated.
To determine
if these Funds
are an
appropriate investment
for you,
carefully consider
the Fund’s
investment objectives,
risk factors,
charges and
expenses before
investing. This and other
information can be found in the Fund prospectus’, which may be
obtained by calling 800.944.0755. Please read the prospectus
carefully before investing.
The Fund is newly formed and has no operating history.
The Fund’s investments are concentrated in the energy
infrastructure industry with an emphasis on securities issued by
MLPs, which may increase price fluctuation. The value of
commodity-linked investments such as the MLPs and energy
infrastructure companies (including midstream MLPs and energy
infrastructure companies) in which the Fund invests are subject to
risks specific to the industry they serve, such as fluctuations in
commodity prices, reduced volumes of available natural gas or other
energy commodities, slowdowns in new construction and acquisitions,
a sustained reduced demand for crude oil, natural gas and refined
petroleum products, depletion of the natural gas reserves or other
commodities, changes in the macroeconomic or regulatory
environment, environmental hazards, rising interest rates and
threats of attack by terrorists on energy assets, each of which
could affect the Fund’s profitability.
MLPs are subject to significant regulation and may be adversely
affected by changes in the regulatory environment including the
risk that an MLP could lose its tax status as a partnership. If an
MLP were to be obligated to pay federal income tax on its income at
the corporate tax rate, the amount of cash available for
distribution would be reduced and such distributions received by
the Fund would be taxed under federal income tax laws applicable to
corporate dividends received (as dividend income, return of capital
or capital gain). Investing in MLPs involves additional risks as
compared to the risks of investing in common stock, including risks
related to cash flow, dilution and voting rights. Such companies
may trade less frequently than larger companies due to their
smaller capitalizations, which may result in erratic price movement
or difficulty in buying or selling. Additional management fees and
other expenses are associated with investing in MLP funds. The tax
benefits received by an investor investing in the Fund differs from
that of a direct investment in an MLP by an investor. This document
does not constitute an offering of any security, product, service
or fund, including the Fund, for which an offer can be made only by
the Fund’s prospectus. No fund is a complete investment program and
you may lose money investing in a fund. The Fund may engage in
other investment practices that may involve additional risks and
you should review the Fund prospectus for a complete description.
“Alerian MLP Index,” “Alerian Midstream Energy Select Index,”
“AMZ,” and “AMEI” are trademarks of Alerian and their use is
granted under a license from Alerian. One cannot invest directly in
an index.
Media Contact:
Tyler Bradford Hewes
Communications
212.207.9454tyler@hewescomm.com
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