MLP & Energy Infrastructure High Income ETF
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.
The ETF.net MLPI Grade
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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
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.
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
- Stocks
- 25
- 62%
- WMB
Geography
- United States95.14%
- Bermuda4.86%
MLPI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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MLPI$11,706
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 | MLPI |
|---|---|
| Year to date | +17.1% |
| 1 month | −1.5% |
| 3 months | −1.8% |
| 1 year | — |
| 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 | MLPI |
|---|---|---|
| 2026 YTD | +17.1% | |
| 2025 | +1.9% |
MLPI in the news
MLPI Dividends
- $0.63 per share
- Monthly
Distribution data unavailable.
Distribution history
MLPI Risk
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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.
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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.
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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.
- −0.20
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
MLPI Cost
0.68%
MLPI0.68%
- The middle half of Natural Resources funds
- Median 0.46%
10 of the 14 Natural Resources funds charge less.
Other funds in Natural Resources
- ANANRState Street SPDR S&P North American Natural Resources ETFExpense ratio 0.35%1 year return +41.4%
- AGNRState Street SPDR S&P Global Natural Resources ETFExpense ratio 0.40%1 year return +35.2%
- AIGEiShares North American Natural Resources ETFExpense ratio 0.37%1 year return +39.8%
- AHAPVanEck Natural Resources ETFExpense ratio 0.41%1 year return +36.1%
- BCCNRALPS Funds CoreCommodity Natural Resources ETFExpense ratio 0.39%1 year return +32.4%