Key stats
About Global X MLP & Energy Infrastructure Covered Call ETF
Home page
Inception date
May 8, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
ISIN
US37960A4792
MLPD aims to provide growth potential and yield by combining long positions in the Global X MLP & Energy Infrastructure ETF (MLPX) with short-covered call options, in equal notional amounts. MLPX is a vanilla ETF comprised of at least 20 US-listed midstream energy infrastructure MLPs and corporations. The fund maintains a theoretical portfolio of stocks from the reference index, while also writing a succession of one-month, at-the-money FLEX call options on each share. These call options represent 100% of the portfolio value and are held until expiration, either expiring or settling in cash. Additionally, these contracts are collateralized by the equity portfolio. While this strategy potentially generates income through the options premium, it does place a drag on the appreciation potential. The index is rebalanced quarterly in February, May, August, and November.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF100.97%
Cash0.14%
Rights & Warrants−1.11%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MLPD last dividends amounted to 0.23 USD. The month before, the issuer paid 0.22 USD in dividends, which shows a 6.68% increase.
MLPD assets under management is 8.92 M USD. It's fallen 43.06% over the last month.
MLPD fund flows account for 6.39 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MLPD pays dividends to its holders with the dividend yield of 11.33%. The last dividend (Aug 25, 2025) amounted to 0.23 USD. The dividends are paid monthly.
MLPD shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on May 8, 2024, and its management style is Passive.
MLPD expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
MLPD follows the CBOE MLPX ATM BuyWrite Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MLPD invests in funds.
MLPD price has risen by 0.83% over the last month, and its yearly performance shows a −0.20% decrease. See more dynamics on MLPD price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.84% increase in three-month performance and has increased by 7.02% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 4.84% increase in three-month performance and has increased by 7.02% in a year.
MLPD trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.