Westwood Salient Enhanced Energy Income ETF
WEEI
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- Westwood Salient Enhanced Energy Income ETF (WEEI) is an actively managed exchange-traded fund that seeks current income and capital appreciation through investments in securities of North American energy companies, including upstream, midstream, downstream, oil service, and integrated firms involved in oil and gas exploration, production, services, and distribution; the fund employs a covered call options overlay strategy by writing one-month out-of-the-money call options on portfolio holdings to generate additional income from premiums alongside dividends. Top holdings include Exxon Mobil Corp. (approximately 23%), Chevron Corp. (16%), ConocoPhillips (6%), Williams Cos. Inc. (5%), and Phillips 66 (4%), with approximately 80-90 total positions concentrated in the energy sector and a net expense ratio of 0.85%; it distributes income monthly at a trailing annualized rate of around 12-13% as of late 2025, comprising option premiums, dividends, and potential return of capital. WEEI trades on the Nasdaq exchange and targets income-seeking investors exposed to energy sector volatility moderated by the options strategy aiming for 10-20% lower beta than the S&P Energy Select Sector Index. Launched on April 30, 2024, by Westwood Holdings Group, Inc., a Dallas, Texas-based investment management firm founded in 1983 with additional offices in Houston, Chicago, and San Francisco, WEEI represents Westwood's second actively managed ETF following the Westwood Salient Enhanced Midstream Income ETF (MDST) in early 2024; the fund leverages a six-person real assets team led by portfolio managers Gregory Reid, Ted Gardner, and Parag Sanghani, managing roughly $2 billion in related assets using a bottom-up fundamental process refined over 30 years. In 2025, WEEI marked its one-year anniversary with sustained double-digit distribution rates averaging 12% and growing assets under management to approximately $28 million as of late 2025, alongside consistent monthly payouts of $0.225 per share from January through September; Westwood Holdings Group continued portfolio adjustments, including new positions in energy-related names like Williams Cos. and Kinder Morgan, while focusing on energy income expansion without reported major acquisitions, partnerships, or strategic shifts specific to WEEI in the prior 18 months.