
ABOUT PWRX
Objective
The Westwood Salient Enhanced Power & Infrastructure ETF is an actively-managed ETF that seeks total return through income and capital appreciation by investing in companies positioned to benefit from accelerating power demand driven by AI, onshoring of manufacturing, electrification and commercialization of next-generation technologies.
Highlights
| Distribution Rate (as of N/A) Distribution Rate (as of N/A) | |
| Distribution Frequency | Monthly |
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 NAV as of the most recent record date. 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.
*30-day median bid/ask spread reflects the median of the difference between the best bid and offer as of the end of each 10-second interval during each trading day of the last 30 calendar days.
There is no guarantee that the ETF will continue to pay dividends
Bottom-up fundamental process utilizing over 30 years of investment experience to create a fundamental framework for security construction
Options designed to generate income while reducing volatility
Disciplined single-stock options strategy: 1-month call options averaging 5 to 10% out-of-the-money, sold on a monthly recurring basis
A well-researched fundamentally driven strategy
Seeks to provide clients with distributable income via options premium and dividends
Seeks to provide income paid out monthly
The type of investment you hold can have a big impact on your tax bill — and taxes can h...
The quest for both income and capital appreciation can feel like a balancing act. The cove...
Feeling the pinch of rising prices? Inflation can erode your purchasing power, making your...
In today’s investment landscape, finding stocks that provide a reliable income stream wi...
The energy sector might not be the flashiest investment theme, but don’t underestimate i...
Many investors focus on building long-term wealth through capital appreciation as their to...
If you’re feeling overwhelmed by the many choices for your investment portfolio, you’r...
To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus which may be obtained by downloading at westwoodetfs.com or calling (800) 944-0755. Please read the prospectus carefully before investing.
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.
Ted Gardner and Parag Sanghani have earned the right to use the Chartered Financial Analyst designation. CFA Institute marks are trademarks owned by CFA Institute. Definitions Master Limited Partnerships (MLPs) are publicly traded limited partnerships and limited liability companies that are treated as partnerships for federal income tax purposes. Energy infrastructure companies are companies that own and operate assets that are used in the energy sector, including assets used in exploring, developing, producing, generating, transporting (including marine), transmitting, terminal operation, storing, gathering, processing, refining, distributing, mining or marketing of natural gas, natural gas liquids, crude oil, refined products, coal or electricity, or that provide energy-related services. For purposes of this definition, such companies (i) derive at least 50% of their revenues or operating income from operating such assets or providing services for the operation of such assets or (ii) have such assets that represent the majority of their assets. A 12-month trailing yield is the total income distributions (dividends, interest payments) paid by an investment over the past 12 months divided by its current price, expressed as a percentage.
Investing involves risk, including loss of principal. The value of the fund’s shares, when redeemed, may be worth more or less than their original cost.
To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus which may be obtained by downloading at westwoodetfs.com or calling (800) 994-0755. Please read the prospectus carefully before investing.
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.