Global X - MLP & Energy Infrastructure Covered Call ETF

Frequently Asked Questions About MLPD

What does MLPD invest in?

The Global X MLP & Energy Infrastructure Covered Call ETF, identified by its ticker MLPD, is designed to achieve investment returns that closely track the overall performance of the Cboe MLPX ATM BuyWrite Index. This includes emulating both the capital appreciation and income generation components of the benchmark, measured before any fund fees and operating expenses are factored in.

What is the expense ratio of MLPD?

Global X - MLP & Energy Infrastructure Covered Call ETF (MLPD) charges an expense ratio of 0.60%. This is the annual fee deducted from fund assets to cover management and operations.

What is MLPD's distribution yield?

MLPD's trailing-twelve-month yield is 13.15%, calculated from the sum of distributions over the past year divided by the current price.

How does MLPD's covered-call strategy work?

MLPD sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside. When the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is MLPD?

Global X - MLP & Energy Infrastructure Covered Call ETF (MLPD) manages $25.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is MLPD actively managed or an index fund?

MLPD's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.