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Launched · SEC filings

MLP & Energy Infrastructure High Income ETF

MLPICboeNeosThis fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.

$52.46−1.45 (−2.69%)

At close: Nov 2, 2026, 4:00 PM ET

Under classification review
Intraday session: down, 79 prints from 53.91 to 52.46. Range 52.46 to 53.62. Use the arrow keys to read each point.52.7553.0053.2553.5053.7510 AM12 PM2 PM4 PM
Expense ratio
0.68%
Fund size
$962M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
24
Avg volume · 30D
361K sh
52W range
low $49.15high $58.47
Launched
Filings
SEC EDGAR

The ETF.net MLPI Grade

—

Under classification review

This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.

Our read on MLPI

ETF.net Research

In short

Midstream income without the April paperwork. MLPI owns North American energy infrastructure names, keeps MLPs to a slice of the index so shareholders get a 1099 instead of K-1s, and sells calls on MLP ETFs for monthly cash.

Stated mandate

The Fund seeks high monthly income with potential equity appreciation by investing in MLPs and energy infrastructure companies and using a data-driven call-option strategy.

Why people hold it

  • K-1 free by design: the reference index caps MLPs at 25% of its weight in aggregate, so the fund reports on a standard 1099 rather than partnership tax forms.sec.govneosfunds.com
  • The calls are written on outside MLP ETFs, not on the fund's own stock positions, so the equity sleeve itself is not the thing being called away.sec.gov
  • Pays monthly, stacking option premium on top of what the pipeline and LNG names in the portfolio distribute.neosfunds.com
  • Concentration guardrails are written into the index: the top 25 names by free float, none above 10% of weight.sec.gov

Worth knowing

  • At 0.68% a year it costs more than the typical fund in its natural resources peer group (IGE runs 0.37%, GNR 0.40%). Active management and the options work are the bill.
  • Launched in December 2025, so there is no record yet across a full energy cycle.
  • Premium income moves with volatility, payouts can include return of capital, and the MLP ETFs it writes calls against can move differently than the stocks it holds.sec.gov

MLPI Holdings

Asset class
Stocks
Holdings
24
Top-10 weight
65%
Largest holding
WMB9.6%

Geography

  • United States74.47%
  • Canada25.53%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1WMBWilliams Cos Inc/The9.61%1,237,817$92M361
2No dataEnbridge Inc9.46%1,830,929$90.7M1
3No dataTC Energy Corp8.38%1,242,622$80.3M1
4KMIKinder Morgan Inc6.74%1,922,027$64.5M338
5OKEONEOK Inc6.57%655,620$62.9M342
6LNGCheniere Energy Inc5.47%158,584$52.4M279
7TRGPTarga Resources Corp5.13%156,025$49.1M355
8No dataPembina Pipeline Corp5.01%934,531$48M2
9MPLXMplx Lp4.67%743,900$44.8M40
10DTMDT Midstream Inc4.35%335,419$41.7M198
11CQPCheniere Energy Partners LP3.62%520,526$34.7M21
12TNKTeekay Tankers Ltd3.43%325,998$32.9M75
13KNTKKinetik Holdings Inc3.36%568,000$32.1M122
14CTRICenturi Holdings Inc3.34%1,490,707$32M67
15PAAPlains All American Pipeline LP3.17%1,145,326$30.4M24

Showing 1–15 of 24 holdings

MLPI Performance

Launched Dec 17, 2025

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.Not enough history yet.
MLPI$12,145
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,169
Dec 31, 2025 to Oct 30, 2026. MLPI $12,145. SPY $11,169. Use the arrow keys to read each point.$10,000$11,000$12,000Dec 2025Jun 2026Oct 2026

Dec 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for MLPI. Periods over one year show the average yearly return.
PeriodMLPI
Year to date+21.4%
1 month+8.6%
3 months+2.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MLPI
YearReturn barMLPI
2026 YTD+21.4%
2025+1.9%

History from Dec 18, 2025

MLPI in the news

MLPI Dividends

Last payment
$0.60 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 11 payments from 2025 to 2026 YTD. Dec 24, 2025 $0.65; Jan 21, 2026 $0.66; Feb 18, 2026 $0.67; Mar 18, 2026 $0.68; Apr 22, 2026 $0.67; May 20, 2026 $0.70; Jun 16, 2026 $0.66; Jul 22, 2026 $0.68; Aug 19, 2026 $0.64; Sep 16, 2026 $0.63; Oct 21, 2026 $0.60. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 21, 2026Oct 23, 2026$0.60
Sep 16, 2026Sep 18, 2026$0.63
Aug 19, 2026Aug 21, 2026$0.64
Jul 22, 2026Jul 24, 2026$0.68
Jun 16, 2026Jun 18, 2026$0.66
May 20, 2026May 22, 2026$0.70
Apr 22, 2026Apr 24, 2026$0.67
Mar 18, 2026Mar 20, 2026$0.68
Feb 18, 2026Feb 20, 2026$0.67
Jan 21, 2026Jan 23, 2026$0.66
Dec 24, 2025Dec 26, 2025$0.65

MLPI Risk

How much the fund’s monthly returns vary, scaled to a year.
Launched Dec 2025; fills in after 12 months
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.

Return above 3-month US Treasury bills per unit of volatility.
Launched Dec 2025; fills in after 12 months
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.

The largest fall from a peak to the low that followed.
Launched Dec 2025; fills in after 12 months
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.

How strongly the fund’s returns move with its asset-class index.
−0.20
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MLPI Cost

Compare MLPI and NANR

Overpaying vs NANR, cheapest in Natural Resources

$6,126

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MLPI 0.68%

    $13,252

  • NANR 0.35% Cheapest

    $7,126

$10,000
30 years

Cost over time

  • MLPI 0.68%
  • NANR 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530MLPI $13,252NANR $7,126

Year by year

YearMLPINANROverpaying
10$1,215$634$581
20$4,633$2,454$2,179
30$13,252$7,126$6,126

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