Global X - MLP & Energy Infrastructure Covered Call ETF
$24.78+0.03 (+0.12%)
- Expense ratio
- 0.60%
- Fund size
- $27M
- 1Y return
- +11.2%
- Yield · Last 12 months
- 13.79%
- Holdings
- 2
- Volume · 30D
- 0M sh
- NAV per share
- $24.64
- 52W range
The ETF.net MLPD Grade
Score 59 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 48Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 65Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 86Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 44Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 57Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 68Category rank
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
- 103%
- MLPX
Sectors
Geography
MLPD Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +8.2% |
| 1 month | +0.4% |
| 3 months | +2.6% |
| 1 year | +11.2% |
| 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 | +8.2% | |
| 2025 | +11.8% | |
| 2024 | +9.3% |
MLPD in the news
ETF.net Research hasn’t filed on MLPD yet — coverage lands here as it’s written.
MLPD Dividends
- 13.79%
- $3.41
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 24, 2026 | $0.25 |
| Aug 24, 2026 | Aug 27, 2026 | $0.25 |
| Jul 20, 2026 | Jul 23, 2026 | $0.25 |
| Jun 22, 2026 | Jun 25, 2026 | $0.25 |
| May 18, 2026 | May 21, 2026 | $0.26 |
| Apr 20, 2026 | Apr 23, 2026 | $0.20 |
| Mar 23, 2026 | Mar 26, 2026 | $0.26 |
| Feb 23, 2026 | Feb 26, 2026 | $0.26 |
| Jan 20, 2026 | Jan 23, 2026 | $0.25 |
| Dec 30, 2025 | Jan 7, 2026 | $0.58 |
| Dec 22, 2025 | Dec 30, 2025 | $0.16 |
| Nov 24, 2025 | Dec 2, 2025 | $0.22 |
MLPD Risk
- 6.8%
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.
- 1.28
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
- The middle half of Sector Option Income funds
- Median 0.47%
11 of the 22 Sector Option Income funds charge less.