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Beacon

MLPINeos Mlp & Energy Infrastructure High Income ETF

Get incomeNewRanked #754 of 1,650 in this goal

Seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation.

By Neos Funds · Launched 2025

Annual Cost

0.68%

#3,548 of 5,854 · average

Fund Size

$676M

#1,380 of 5,854 · large

Dividend YieldGoal

—

Track Record

8 months

#5,019 of 5,854 · young

Performance

Total-return NAV · USD
Growth of $10,000
$12,511+25.1%

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

MerQube North America MLP & Energy Infrastructure Index

What it actually holds

By weight

Concentration

Top 10 holdings = 59.7% of fundmoderately concentrated

Enbridge Inc
9.4%
Williams Cos Inc/The
9.4%
TC Energy Corp
6.2%
Kinder Morgan Inc
6.0%
Pembina Pipeline Corp
5.6%
Cheniere Energy Inc
5.3%
Targa Resources Corp
4.8%
ONEOK Inc
4.7%
Energy Transfer LP
4.3%
Enterprise Products Partners L
4.2%

Asset allocation

Stocks
97.7%
Cash
1.4%
Other
0.9%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
24.5%High

Year-on-year price swings

Max drawdown
-73.7%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.15Below average
Sortino (3Y)
-0.20Moderate downside risk

Listing

Exchange
NYSE Arca, Cboe BZX

Full fund details

Objective
Seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation.
Strategy
Actively manages a portfolio of energy infrastructure MLPs and companies, utilizing a call options strategy to generate high monthly income. Invests primarily in US and Canadian MLPs, capturing income and growth characteristics in the energy infrastructure sector.
Inception date
December 17, 2025
Fund family
Neos 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 2026-08-03