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MLPI (MLP & Energy Infrastructure High Income ETF) is a recent IPO.
It began trading on December 18, 2025, giving it less than a year of public history. Many charts and metrics below are sparse or empty until more price, financial, and analyst history accumulates — the affected sections are flagged individually so you can tell limited history from missing data.
See exactly how MLPI's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for MLPI and 80,000+ other tickers.
The NEOS MLP & Energy Infrastructure High Income ETF is structured to provide investors with significant monthly payouts, optimized for tax efficiency, while also pursuing opportunities for capital appreciation.
NEOS ETFs offer high-yield, monthly income across diverse asset classes, avoiding large-cap tech exposure and enhancing portfolio diversification. Goldman Sachs' planned $2.25B acquisition of NEOS underscores the platform's rapid growth and innovation in options-based income ETFs. Five NEOS funds—NIHI, MLPI, IYRI, IWMI, and IAUI—provide yields from 9.7% to 14.5%, with strategies tailored to international, MLP, real estate, small cap, and gold assets.
NEOS MLP & Energy Infrastructure High Income ETF offers a compelling blend of robust midstream energy assets and systematic covered call strategies. MLPI is producing an annualized yield near 14%, leveraging high-quality pipeline holdings and index-based option selling for efficient, tax-friendly income generation. The fund's holdings exhibit positive momentum amid geopolitical tailwinds, supporting a 'Buy' rating for income-focused investors seeking stable, double-digit yields.
Covered call ETFs present an opportunity cost, justified mainly for investors prioritizing income or lacking access to alternatives. I have not identified a covered call instrument that serves as an effective buy-and-hold hedge offering meaningful premium benefits. The sweet spot deal is based on a combination of; a) OTM covered call regime and b) underlying assets that are unlikely to surge or plunge.
NEOS MLP & Energy Infrastructure High Income ETF offers a 14.75% distribution, but I rate it Hold at $54.89 due to opportunity cost from its call-writing strategy. Recent LNG export data and strong earnings from top holdings suggest midstream equities retain significant upside, making MLPI's income-for-upside tradeoff less attractive. MLPI's call strategy has capped upside, leading to underperformance versus uncapped peers like MLPX, especially as midstream fundamentals strengthen.
The NEOS MLP & Energy Infrastructure High Income ETF offers an actively managed, high-yield play on midstream and energy infrastructure with a covered-call overlay. MLPI's covered-call strategy is well-suited for a market where most midstream gains are realized, prioritizing monthly income over equity upside. With a TTM yield near 11% and a forward distribution rate of 14.75%, MLPI appeals to income-focused investors, especially those near or in retirement.