{
 "ticker": "MDST",
 "name": "Westwood Salient Enhanced Midstream Income ETF",
 "issuer": "Westwood",
 "desk": "income",
 "url": "https://etfiq.com/funds/mdst",
 "html": "https://etfiq.com/funds/mdst",
 "markdown": "https://etfiq.com/funds/mdst.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, MDST paid 10.0% in cash and still finished 28.6 points behind XLE.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "10.0%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MDST, cash paid, 1 year, on its starting price: 10.0%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+19.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MDST, total return, 1 year: +19.2%, as of Sep 18, 2026."
  },
  {
   "key": "against_xle",
   "label": "Against XLE",
   "value": "\u221228.6 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MDST, against XLE: \u221228.6 pts, as of Sep 18, 2026."
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "9.3%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MDST, latest payout, annualized: 9.3%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$247m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-18",
   "sentence": "MDST, net assets: $247m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.80%",
   "source": "485BPOS XBRL, Feb 28, 2025",
   "as_of": "2026-09-18",
   "sentence": "MDST, expense ratio: 0.80% (485BPOS XBRL, Feb 28, 2025)."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "option income",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "Energy sector (XLE), used as the energy proxy (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$247m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "9.3%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.80%",
   "source": "485BPOS XBRL, Feb 28, 2025"
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "9.3%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 9, 2024",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "typical_gap_between_ex_dates",
   "label": "Typical gap between ex-dates",
   "value": "30 days",
   "source": null
  },
  {
   "key": "typical_wait_from_ex_date_to_payment",
   "label": "Typical wait from ex-date to payment",
   "value": "2 days",
   "source": null
  },
  {
   "key": "last_paid_per_share",
   "label": "Last paid, per share",
   "value": "$0.225 ex Aug 28, 2026",
   "source": null
  },
  {
   "key": "sum_of_the_last_12_distributions",
   "label": "Sum of the last 12 distributions",
   "value": "$2.7",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "2.4%",
   "Price": "+2.2%",
   "Total return": "+4.6%",
   "XLE": "+20.4%",
   "Ahead or behind": "\u221215.9 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "4.7%",
   "Price": "+1.0%",
   "Total return": "+5.8%",
   "XLE": "+9.9%",
   "Ahead or behind": "\u22124.2 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "10.0%",
   "Price": "+8.2%",
   "Total return": "+19.2%",
   "XLE": "+47.8%",
   "Ahead or behind": "\u221228.6 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "26.1%",
   "Price": "+17.0%",
   "Total return": "+48.9%",
   "XLE": "+41.6%",
   "Ahead or behind": "+7.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has MDST paid over the last year?",
   "a": "Over the year to Sep 18, 2026, MDST paid 10.0% of its starting price in cash distributions, while the price rose 8.2%."
  },
  {
   "q": "Is MDST ahead of XLE?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, MDST returned +19.2% against +47.8% for Energy sector (XLE), used as the energy proxy, so a holder was behind it by 28.6 points."
  },
  {
   "q": "How often does MDST pay, and how much?",
   "a": "MDST pays monthly. The latest distribution annualizes to 9.3% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "When does MDST next pay a distribution?",
   "a": "MDST pays monthly. The last distribution went ex on Aug 28, 2026 at $0.225 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Sep 28, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days."
  },
  {
   "q": "What does MDST cost?",
   "a": "The prospectus expense ratio is 0.80% a year."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}