MLPD

Global X MLP & Energy Infrastructure Covered Call ETF

$25.27
+0.00%
Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP & Energy Infrastructure Covered Call Index.

Overview

ETF tracking Global X MLP & Energy Infrastructure Covered Call ETF

Issuer Other
Inception Date 2024-05-08
Market Cap $9.1M
Average Volume N/A
Dividend Yield 9.64%
52-Week Range $22.02 - $26.10
VWAP $25.17

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive MLP & Energy Infrastructure Covered Call Index.

🎯 Investment Strategy

The fund invests in a portfolio of master limited partnerships (MLPs) and energy infrastructure companies, and writes (sells) covered call options on those underlying securities. This strategy aims to generate income from the option premiums while maintaining exposure to the underlying MLP and energy infrastructure assets.

✨ Key Features

  • Provides exposure to a diversified portfolio of MLPs and energy infrastructure companies
  • Generates additional income through a covered call options strategy
  • Designed to provide a balance of income and growth potential
  • Relatively low expense ratio of 0.00%

⚠️ Primary Risks

  • Exposure to the volatile MLP and energy infrastructure sectors
  • Potential underperformance compared to the underlying assets due to the covered call strategy
  • Liquidity risk, as the fund is relatively new and has low assets under management
  • Concentration risk, as the fund is focused on a specific sector

👤 Best For

This ETF may be suitable for investors seeking exposure to the MLP and energy infrastructure sectors with a focus on generating income, and who are comfortable with the risks associated with the covered call strategy. It may be most appropriate for investors with a medium to long-term investment horizon.