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MLPDGlobal X MLP & Energy Infrastructure Covered Call ETF

Get income2y track recordRanked #1,166 of 1,650 in this goal

Seeks to provide investment results that correspond generally to the price and yield performance of the Cboe MLPX ATM BuyWrite Index.

By Global X Funds · Launched 2024

Annual Cost

0.60%

#3,235 of 5,861 · average

Fund Size

$29M

#4,188 of 5,861 · small

Dividend YieldGoal

10.91%

Track Record

2 years

#3,467 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$11,221+12.2%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

Focus

MLP, Real Assets

Index tracked

Cboe MLPX ATM BuyWrite Index

What it actually holds

By weight

Concentration

Top 2 holdings = 99.9% of fundconcentrated

Global X MLP & Energy Infrastructure ETF
105.5%
2MLPX US 05/15/2026 C71
-5.6%

Asset allocation

Stocks
99.8%
Cash
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
7.6%Low

Year-on-year price swings

Max drawdown
-12.9%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks to provide investment results that correspond generally to the price and yield performance of the Cboe MLPX ATM BuyWrite Index.
Strategy
Invests at least 80% of its net assets in the securities of the Cboe MLPX ATM BuyWrite Index, employing a covered call strategy on the Global X MLP & Energy Infrastructure ETF. Focuses on U.S. equity securities of midstream energy infrastructure MLPs, with significant exposure to the energy sector.
Inception date
May 7, 2024
Fund family
Global X Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04