MLPI

Chicago Board Options Exchange

MLP & Energy Infrastructure High Income ETF

Sectors · Neos · Inception 2025-12-17 · SEC filings

$52.33+0.20 (+0.38%)

As of Sep 23, 2026, 2:20 PM EDT

Expense ratio: 0.68%
Fund size: $955M
1Y return: —
Yield · Last 12 months: Data unavailable
Volume · 30D: 0.4M sh
NAV per share: $52.75
52W range: low $49.15high $58.47

Our read on MLPI

ETF.net Research

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

01K-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.gov neosfunds.com
02The 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
03Pays monthly, stacking option premium on top of what the pipeline and LNG names in the portfolio distribute.neosfunds.com
04Concentration guardrails are written into the index: the top 25 names by free float, none above 10% of weight.sec.gov

Worth knowing

01At 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.
02Launched in December 2025, so there is no record yet across a full energy cycle.
03Premium 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

As of Sep 20, 2026, 8:37 AM

Asset class: Stocks
Holdings: —
Top-10 weight: 63%
Largest holding: WMB9.5%

Geography

The fund’s holdings, weight-ordered — page 1 of 2.
#	Ticker	Company	Weight %	Shares	Market value	In ETFs
001	WMB	Williams Cos Inc/The	9.53%	1,267,217	$91M	361
002	ENB CN	Enbridge Inc	8.73%	1,719,648	$84M	1
003	TRP CN	TC Energy Corp	6.88%	1,074,510	$66M	1
004	KMI	Kinder Morgan Inc	6.43%	1,935,237	$62M	342
005	TRGP	Targa Resources Corp	6.18%	202,880	$59M	340
006	OKE	ONEOK Inc	5.81%	595,510	$56M	325
007	LNG	Cheniere Energy Inc	5.28%	188,619	$51M	270
008	ET	Energy Transfer LP	4.83%	2,188,141	$46M	52
009	EPD	Enterprise Products Partners LP	4.60%	1,133,351	$44M	44
010	PPL CN	PEMBINA PIPELINE CORP	4.47%	901,669	$43M	1
011	MPLX	MPLX LP	4.25%	685,584	$41M	38
012	DTM	DT Midstream Inc	3.80%	291,673	$36M	202
013	TNK	Teekay Tankers Ltd	3.73%	354,622	$36M	59
014	CQP	Cheniere Energy Partners LP	3.42%	504,996	$33M	21
015	AM	Antero Midstream Corp	3.32%	1,501,060	$32M	197

Showing 1–15 of 25 holdings

MLPI Performance

MLPI$11,610

$11,430

Dec 31, 2025 – Sep 22, 2026

Trailing total return for MLPI. Periods over one year show the average yearly return.
Period	MLPI
Year to date	+16.1%
1 month	−2.1%
3 months	−1.9%
1 yearFund is under 1 year old	—
3 yearsFund is under 3 years old	—per year
5 yearsFund is under 5 years old	—per year
10 yearsFund is under 10 years old	—per year

As of the Sep 22, 2026 close, with distributions reinvested.

Annual total returns for MLPI
Year	Return bar	MLPI
2026 YTD		+16.1%
2025		+1.9%

History from Dec 18, 2025

MLPI in the news

ETF.net Research hasn’t filed on MLPI yet — coverage lands here as it’s written.

MLPI Dividends

: Data unavailableLast 12 months
Payout per share: Data unavailableLast 12 months

Last payment: $0.63 per share
Paid on: Sep 18, 2026
: Sep 16, 2026
Frequency: Monthly

Distribution data unavailable.

Distribution history

2025–2026

Ex-date	Pay date	Amount per share
Sep 16, 2026	Sep 18, 2026	$0.63
Aug 19, 2026	Aug 21, 2026	$0.64
Jul 22, 2026	Jul 24, 2026	$0.68
Jun 16, 2026	Jun 18, 2026	$0.66
May 20, 2026	May 22, 2026	$0.70
Apr 22, 2026	Apr 24, 2026	$0.67
Mar 18, 2026	Mar 20, 2026	$0.68
Feb 18, 2026	Feb 20, 2026	$0.67
Jan 21, 2026	Jan 23, 2026	$0.66
Dec 24, 2025	Dec 26, 2025	$0.65

MLPI Risk

: —; 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.
: —; 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.
: —; 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.
: −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.

MLPI Cost

Expense ratio0.68%

MLPI0.68%

Cheapest0.35%Priciest0.79%

The middle half of Natural Resources funds
Median 0.46%

10 of the 14 Natural Resources funds charge less.

MLPI costs $68.00 a year on $10,000. The median Natural Resources fund costs $46.00.

MLPI

Why people hold it

Worth knowing

Growth of $10,000Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Trailing returnsReturns 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.

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

Distribution history