ETF Evaluator:
Westwood Salient Enhanced Engy Inc ETF ()
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(as of Aug 26)
Best Performing in Equity Energy Over the Last Year
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| 69.1% | Stt Strt®SPDR®S&P®Oil &GasEqpmnt&SvcsETF (XES) |
| 66.9% | VanEck Oil Refiners ETF (CRAK) |
| 60.9% | VanEck Oil Services ETF (OIH) |
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ETF Details
Westwood Salient Enhanced Engy Inc ETF Overview
Westwood Salient Enhanced Engy Inc ETF (WEEI) is an actively managed Sector Equity Equity Energy exchange-traded fund (ETF). Westwood launched the ETF in 2024.
The investment seeks to provide current income and capital appreciation.
The fund is an actively managed 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 Energy Companies. The fund is non-diversified.
About Westwood Salient Enhanced Engy Inc ETF (WEEI)
There are 6 members of the management team with an average tenure of 2.25 years: Rafael Zayas (2024), Gregory Reid (2024), Frank (Ted) Gardner (2024), Austin Wen (2024), Parag Sanghani (2024) and Yin Bhuyan (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Westwood Salient Enhanced Engy Inc ETF has 119 securities in its portfolio. The top 10 holdings constitute 77.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Westwood Salient Enhanced Engy Inc ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Westwood Salient Enhanced Engy Inc ETF has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3% There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Westwood Salient Enhanced Engy Inc ETF has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $98 million in total assets, which is below the $1 billion average for the Equity Energy category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WEEI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Westwood Salient Enhanced Engy Inc ETF expense ratio is high compared to funds in the Equity Energy category. Westwood Salient Enhanced Engy Inc ETF has an expense ratio of 0.85%, which is 57% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Westwood Salient Enhanced Engy Inc ETF has a portfolio turnover rate of 11%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 28% for the Equity Energy category.
Recently, in the month of July 2026, Westwood Salient Enhanced Engy Inc ETF returned 9.7%, which earned it a grade of B, as the Equity Energy category had an average return of 5.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Westwood Salient Enhanced Engy Inc ETF has a trailing yield of 11.25%, which is above the 2.25% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Westwood Salient Enhanced Engy Inc ETF Grades
Year to date, the ETF has returned 20.9%, 7.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 28.4% over the past year (grade of F).
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WEEI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WEEI Return (NAV) | 9.7% | 2.0% | 28.4% | na | na | na |
| WEEI Return (Price) | 9.6% | 1.9% | 28.6% | na | na | na |
| NAV +/- Price Return | 0.058% | 0.029% | -0.155% | na | na | na |
| Equity Energy Avg | 5.2% | -3.4% | 41.0% | 12.5% | 18.2% | 6.1% |
| WEEI Grade (NAV) | B | A | F | na | na | na |
| +/- Category (NAV) | 4.5% | 5.4% | -12.6% | na | na | na |
| WEEI Tax-Cost Ratio | na | na | 4.8% | na | na | na |
WEEI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WEEI Return (NAV) | 20.9% | 11.2% | na | na | na | na | na | na | na | na | na |
| WEEI Return (Price) | 20.9% | 11.3% | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.001% | 0.003% | na | na | na | na | na | na | na | na | na |
| Equity Energy Avg | 28.5% | 10.4% | 2.7% | 3.9% | 43.8% | 43.2% | -22.2% | 6.8% | -24.5% | -4.1% | 26.3% |
| WEEI Grade (NAV) | D | B | na | na | na | na | na | na | na | na | na |
| +/- Category | -7.5% | 0.8% | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 11.3% |
| Total Assets: | $ 98 Mil |
| Share Class Assets: | $ 98 Mil |
| Turnover: | 11.0% |
| Expense Ratio: | 0.85% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 2.3 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): Zayas Rafael (2024), Reid Gregory (2024), Gardner Frank (Ted) (2024), Wen Austin (2024), Sanghani Parag (2024), Bhuyan Yin (2024) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 119 |
| % in Top 10 Holdings: | 77.8% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Westwood |
| Phone Number: | 800-994-0755 |
| Website: | |
| Inception Date: | April 30, 2024 |
Expenses and Fees
| Expense Ratio (%): | 0.85% (Rating: High) |
| Category Average Expense Ratio (%): | 0.54% |
