Ultimus Managers Trust (MDST)
- Expense ratio0.81%
- Net assets$304.3M
- Dividend yield10.30%
- 1-year return+23.24%
- Holdings23
MDST ETF price chart
MDST quote & trading statistics
MDST performance
Total return · as of October 18, 2026- YTD+18.12%
- 1 year+23.24%
- 1Y volatility
- 14.19%
- 3Y volatility
- 0.00%
- 3Y Sharpe ratio
- 0.00
Returns include reinvested distributions; 3-, 5- and 10-year figures are annualized.
MDST top 10 holdings
| # | Symbol | Name | Weight |
|---|---|---|---|
| 1 | WMB | Williams Companies Inc | 8.30% |
| 2 | ENB | Enbridge Inc | 7.84% |
| 3 | EPD | Enterprise Products Partners LP | 6.71% |
| 4 | KMI | Kinder Morgan Inc | 6.15% |
| 5 | LNG | Cheniere Energy Inc | 5.61% |
| 6 | DTM | DT Midstream Inc | 5.51% |
| 7 | PAGP | Plains GP Holdings LP | 5.22% |
| 8 | TRGP | Targa Resources Inc | 5.22% |
| 9 | MPLX | MPLX LP | 4.83% |
| 10 | TRP | TC Energy Corp | 4.53% |
The top 10 holdings make up 59.9% of the fund (23 holdings in total). As of October 18, 2026.
About Ultimus Managers Trust
The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of Midstream North American corporations and Midstream U.S. master limited partnerships ("MLPs"). The fund is non-diversified.
MDST ETF FAQ
What is the MDST expense ratio?
Ultimus Managers Trust has a net expense ratio of 0.81%, or $81.00 a year for every $10,000 invested.
How much money is in MDST?
Ultimus Managers Trust has about $304.3M in net assets.
What are the top holdings of MDST?
The largest positions in MDST are Williams Companies Inc (8.30%), Enbridge Inc (7.84%), Enterprise Products Partners LP (6.71%). The fund holds 23 securities in total.
How has MDST performed?
MDST returned +23.24% over the past year, including reinvested distributions.
Does MDST pay dividends?
MDST has a dividend yield of 10.30%.
When was MDST launched?
Ultimus Managers Trust began trading on April 8, 2024.
ETFs similar to MDST
Funds that track the same index or whose top-10 holdings overlap most with MDST's. Overlap: shared top-10 weight as a share of the larger top-10 total of the two funds.
| Symbol | Fund | Overlap | Expense ratio | Net assets | 1-year return |
|---|---|---|---|---|---|
| MDST | Ultimus Managers ETF | — | 0.81% | $304.3M | +23.24% |
| UMI | USCF Midstream Energy Income Fund | 85% | 0.84% | $530.9M | +29.86% |
| ENFR | Alerian Energy Infrastructure ETF | 76% | 0.34% | $543.4M | +34.87% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 70% | 0.47% | $3.60B | +31.49% |
| EINC | VanEck Energy Income ETF | 70% | 0.48% | $79.5M | +27.35% |
| USAI | Pacer American Energy Independence ETF | 66% | 0.73% | $119.8M | +22.02% |
| TPYP | Tortoise North American Pipeline Fund | 65% | 0.39% | $890.2M | +26.20% |
| PIPE | Invesco SteelPath MLP & Energy Infrastructure… | 65% | — | $62.9M | +28.98% |
| MLPI | Neos Mlp & Energy Infrastructure High Income ETF | 65% | — | $46.4M | — |