MLPI: I Changed My Mind On Adding More
The NEOS MLP High Income ETF (MLPI) is currently benefiting from the U.S.-Iran war, with an increase in operational rigs. The fund boasts a high distribution rate of 14.72%, primarily consisting of return of capital, which enhances its tax efficiency. Investors should consider the implications of a potential peace deal with Iran on the fund's performance.
- ▪The NEOS MLP High Income ETF owns U.S. midstream firms that are benefiting from the U.S.-Iran war.
- ▪The fund's distribution rate is 14.72%, with around 90% being return of capital, making it tax-efficient.
- ▪MLPI employs a strategy that includes long positions in MLPX-like holdings while shorting AMLP via call options.
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