NEOS MLP & Energy Infrastructure High Income ETF (MLPI)
ARCA ARCA Primary 
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MLPI: A Solid Income ETF In A Healthy Midstream Market
NEOS MLP & Energy Infrastructure High Income ETF (MLPI) offers high income via a 14% nominal dividend, primarily funded by option premiums and realized gains. MLPI's concentrated midstream portfolio is attractive, but the covered call strategy sacrifices capital appreciation for current income, leading to underperformance versus peers in bull markets. I rate MLPI a Hold, favoring it for income-focused investors expecting sideways to moderately bullish markets, but not for those seeking maximum total return.
MLPI: The 15% Distribution Comes At The Wrong Time
NEOS MLP & Energy Infrastructure High Income ETF offers a 14.75% distribution, but I rate it Hold at $54.89 due to opportunity cost from its call-writing strategy. Recent LNG export data and strong earnings from top holdings suggest midstream equities retain significant upside, making MLPI's income-for-upside tradeoff less attractive. MLPI's call strategy has capped upside, leading to underperformance versus uncapped peers like MLPX, especially as midstream fundamentals strengthen.
MLPI: The Midstream Income Strategy Attracts Me
The NEOS MLP & Energy Infrastructure High Income ETF offers an actively managed, high-yield play on midstream and energy infrastructure with a covered-call overlay. MLPI's covered-call strategy is well-suited for a market where most midstream gains are realized, prioritizing monthly income over equity upside. With a TTM yield near 11% and a forward distribution rate of 14.75%, MLPI appeals to income-focused investors, especially those near or in retirement.
NEOS MLP & Energy Infrastructure High Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 378 | $21,377.16 | $19,769.4 | -$1,607.76 | -7.52% |
 Keebeck Wealth Management Keebeck Wealth Management LLC | 15,900 | $882,868 | $829,582.5 | -$53,285.5 | -6.04% |
 Daniel Russell Naviter Wealth LLC | 5,252 | $297,420.76 | $273,734.24 | -$23,686.52 | -7.96% |
 Richard Slavik Newbridge Financial Services Group Inc. | 6,049 | $320,276.32 | $316,362.7 | -$3,913.62 | -1.22% |
 W. Travis McKinney HB Wealth Management LLC | 5,256 | $297,647.28 | $270,368.64 | -$27,278.64 | -9.16% |
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NEOS MLP & Energy Infrastructure High Income ETF Profile
| ARCA Exchange | US Country |
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