Global X - MLP & Energy Infrastructure Covered Call ETF
$25.05+0.09 (+0.36%)
- 0.60%
- $26M
- +14.3%
- 13.67%
- 0M sh
- $24.76
- low $23.62high $25.95
The ETF.net MLPD Grade
B
Score 57 out of 100
- 12 of 22
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C48 out of 100Rank 12 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.B64 out of 100Rank 12 of 13Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A89 out of 100Rank 2 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 16 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B57 out of 100Rank 7 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 7 of 22
Our read on MLPD
BPipelines already pay. MLPD holds Global X's midstream energy basket and sells at-the-money calls against it, trading most of the upside for option premium, distributed monthly.
The fund seeks to track the Cboe MLPX ATM BuyWrite Index before fees and expenses and implements the strategy by holding MLPX while selling corresponding call options on it.
Why people hold it
- Most option-overlay funds in this group write calls on broad sector SPDRs. MLPD points the same machinery at midstream energy infrastructure, a corner few covered call funds touch.
- An index sets the trade: hold the midstream basket, sell matching at-the-money calls, repeat. Rules do the strike-picking, not a manager's timing.
- Distributions arrive monthly, and the fund sits in the upper half of its sector-overlay peer group.
Worth knowing
- 0.60% a year against a 0.35% median for sector-overlay peers like XLEI and XLUI. The niche costs extra.
- At-the-money calls sell off nearly all of any rally in the underlying basket. The income is funded by handing over price appreciation.
- A small, thinly traded fund launched in 2024, so bid-ask spreads run wider than the big sector overlays and the history is short.
MLPD Holdings
- Stocks
- 2
- 100%
- MLPX
Sectors
- Energy100.0%
Geography
- United States100.00%
MLPD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
MLPD$11,434
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | MLPD |
|---|---|
| Year to date | +9.1% |
| 1 month | +0.1% |
| 3 months | +2.5% |
| 1 year | +14.3% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | MLPD |
|---|---|---|
| 2026 YTD | +9.1% | |
| 2025 | +11.8% | |
| 2024 | +9.3% |
MLPD in the news
MLPD Dividends
- 13.67%
- $3.41
- $0.25 per share
- Monthly
Distribution history
MLPD Risk
- 7.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.88
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −12.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MLPD Cost
0.60%
MLPD0.60%
- The middle half of Sector Option Income funds
- Median 0.47%
11 of the 22 Sector Option Income funds charge less.
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