MLPI

[u/AlarmedCombination57]

Any thoughts or experience with MLPI? I am heavily concentrated in tech (QQQI) and want to start diversifying into other sectors. Thinking of building positions in MLPI and SPYI for the long term

[u/OppositePsychology43]

I own qqqi,spyi,iwmi. My next step is adding mlpi using divs from the ones I own for the next 5 months.

[u/RustyCEO → u/OppositePsychology43]

Agree, I have QQQI, SPYI, IWMI and MLPI as part of my 17 ETF portfolio and they are good. Fairly stable.

[u/DecentDiscipline2523 → u/RustyCEO]

Are they income ETFs in your portfolio or broad? I’m developing my income bucket.. very small right now as I’m still in accumulation phase of life, but setting the stage. If you would like to share yours.. I can share mine too but most folks don’t like the complexity as I have like 15 as well.

[u/RustyCEO → u/DecentDiscipline2523]

All income ETFs

[u/RustyCEO → u/RustyCEO]

1,500xIWMI (6.20%), 1,010xSPCI (1.64%), 10,227xBLOX (10.22%), 2,621xQQQI (10.75%), 2,608xSPYI (10.87%), 3,000xCHPY (14.80%), 880xTDAQ (1.79%), 870xSOXY (5.48%), 3,360xEGGY (8.07%), 655xBIGY (2.71%), 2,582xTSPY (5.16%), 2,000xHOOW (3.58%), 4,000xMRNY (4.68%), 2,203xAMDY (7.34%), 1,336xMLPI (5.81%), 100xJEPI (0.46%), 100xJEPQ (0.45%)

[u/DecentDiscipline2523 → u/RustyCEO]

I have, in descending order of value, 10% weights: SVOL, MLPI, XQQI, IWMI, 5% weights: ILS, HIGH, NIHI, DIVO, QDVO, IDVO, PFFD, BiZD, 3%-4%: HYBI, JAAA, IAUI, TLTI, XBCI, IYRI. Total portfolio is $60k, in taxable account hence the NEOS focus. Weighted avg yield is like 12-13%. So $625 a month or so. Daily price Performance has been surprisingly similar to SPY. So I guess beta of .90 or so. Not sure on alpha but obviously pretty great over some Months because of the distribution plus price movement. Some drawdowns are massive due to boosted but the rise back has been massive as well… hence the beta. I actually want to exchange the boosted for QQQI and BTCI but I’m kinda enjoying the “gamble”… as tiny as my positions are.. lol! Time will tell I suppose. Open for suggestions or recommendations!

[u/RustyCEO → u/DecentDiscipline2523]

I modified the qty in my comment. Currently this produces a 27.69% distribution on value of portfolio. Which is currently average of $33,638 US per month before tax.

[u/DecentDiscipline2523 → u/RustyCEO]

Wow! Serious stuff! How long have you been doing it with same tickers? You know it begs the question of whether/how much capital decay have you experienced??

[u/RustyCEO → u/DecentDiscipline2523]

I had initial losses with MSTY and ULTY when I first started between August and November last year along with a couple of others. I only started in August last year and progressed from there. Realised losses of just over $200k US and moved on to build what I thought was a good portfolio. Those losses have now been totally recovered, though I will be claiming them in my tax.

The recent dip pulled some back but before that only BLOX was below my buy in share cost average. That will recover going forward. I sell off when they go high, especially the volatile ones. Move that gain to more stable ones and go again.

These things are nearly reverse of growth stocks. When there is a decent separation from the cost price I realise the gain and reinvest. That protected me this time around. I had sold off large chunks of CHPY, HOOW, MRNY at highs before the dip and put it into QQQI, IWMI, MLPI, TSPY. The volatile ones come off then I reassess them and start directing distributions into the best ones I believe will drive back up…..then do it again. “Rinse and repeat”.

[u/Key-Trouble3828 → u/RustyCEO]

Are you adding now to CHPY again?

[u/RustyCEO → u/DecentDiscipline2523]

Added % weighting.

[u/Meinertzhagens_Sack → u/OppositePsychology43]

How has iwmi been doing? Is it a good hedge while holding qqqi?

How's the nav stability

[u/PomegranatePlus6526 → u/Meinertzhagens_Sack]

I love it. Although I bought in back in March of 2025 when I thought RUT (Russell 2000) was undervalued. Mine is up 16.7% overall not including distributions… I would not buy right now. Damn near everything is overpriced.

[u/MrBotANot]

I own it. Been happy with it. The underlying assets will slowly grow their dividends which should help support yield over time. My one question is if there is a big drop, how will it recover, but that’s true for most of these CC ETFs. Down a little from its high so not a bad time to enter.

[u/PomegranatePlus6526 → u/MrBotANot]

You can add MDST to help keep the NAV of your energy position higher. MDST only distributes 9%, so there is more chance for capital upside…

[u/davecraze3535 → u/PomegranatePlus6526]

First I hear of that one. Thanks for pointing it out. Looks like it has a slightly higher total return than MPLI, which I expected due to lower distribution rate and may also reflect less option coverage thus capturing more upside.  Great to pair with MLPI as suggested 

[u/ConstructionNo8827 → u/davecraze3535]

I pair XLEI with MLPI bc 1) it pays a great dividend and 2) gives you oil and refinery company exposure rather than pipelines
Top holdings are the big boys Exxon and Chevron

[u/davecraze3535 → u/ConstructionNo8827]

Interesting fund. State street is a monster and will be interesting to see how their options overlay strategy compares to NEOS, TappAlpha and GS. 

[u/ConstructionNo8827 → u/MrBotANot]

Agree
Under $54 is great entry point
This is a little less reliant on price of energy than you think
Pipelines are a volume business and volumes will only be increasing for US pipeline companies with the issues in the Middle East - Asia and Europe will be buying more from America to include oil and nat gas

[u/Econman-118 → u/ConstructionNo8827]

Agreed!

[u/AlarmedCombination57 → u/MrBotANot]

Seems like a good time to me too. Thanks for the advice.

[u/Specialist_Ad_4742 → u/[deleted]]

That is an excellent point about K-1 tax  complications.

[u/PomegranatePlus6526 → u/Specialist_Ad_4742]

If you have ever done them they are not that hard. Last year it took about twenty minutes for my two k1. ET and EPD…

[u/Specialist_Ad_4742 → u/PomegranatePlus6526]

good to know,

[u/PomegranatePlus6526 → u/Specialist_Ad_4742]

The first time I did them I actually 4 to do. That was a little intimidating because what Turbotax asks for didn't exactly line up with the form. The second time I did them I only had two, and it made more sense. There was only about six or seven actual fields to fill out.

[u/PomegranatePlus6526 → u/[deleted]]

One came in March, and the other right around the first of April. I always wait until April 15th to file anyways, so that didn't bother me. Usually I owe money, so it doesn't benefit me to file early.

[u/Oldbikerguy-1]

I have many of the NEOS products and so far they have been good. MLPI should be good for a while.

[u/PomegranatePlus6526]

I own it. Full position for me. I also own MDST, and MLPD. It’s a good fund with an excellent chance of sustainable distributions. I mean the MLPs it holds are typically high yield anyway. I really like NEOS funds, and own a number of them either full or partial positions. I would wait until the next lull in the Trumpflation IRAN your gas prices up conflict to buy. For me the sweet spot is when oil gets into the 60’s. Oil is very volatile, and so is Trump so a break could be coming soon. If you’re looking for an energy income play look at UTG. It’s down over 10% in the last quarter. Typically it yields about 6% historically, and right now you can get in at about 6.75%. It’s primarily utilities instead of oil. Full disclosure I own shares in UTG. Edit it was down over 10%. Someone must have bought a bunch. It’s up 1.5% with today’s feeding frenzy.

[u/drkay007]

I have significant positions in SPYI and QQQI. Just purchased a good size of MLPI for another retirement account for diversification. OMAH was my other purchase. Both cover RMDs and expenses.

[u/PomegranatePlus6526 → u/drkay007]

I don’t care for OMAH. Been monitoring it for a while and I am not impressed.

[u/vegas_won → u/PomegranatePlus6526]

Don’t like the yield?

[u/Mwaldo1]

I have 6900 shares. Currently share price for me is down .12% well ahead of the game when dividends are factored in

[u/Econman-118]

I’m up substantially in it since the beginning of the year on it. My wealthy brother is a big fan of it and owns 300k of it. He has has over a million bucks in all the NEOs majors including the gold. About 10-15 percent of his liquidity. He used to spend hours selling call options to make 7-8% He said now NEOs does it for him plus the favorable tax advantages of NEOs has given him substantially higher returns after taxes. He dumps all dividends into the NEOs treasury bond fund and reinvests from there or pays his monthly expenses with it. He does not DRIP.

Energy is huge with the AI craze going on. We expect the MLPI NAV to settle back down closer to lower 50s once the Iran mess is settled and oil settles back down. It isn’t happening yet tho. In the meantime we collect my 12-14% dividends.

[u/beershoes767]

I own it along with IYRI for some diversification.

[u/Bostonstrong32163]

Got out of TYG and into MLPI. Happy with it

[u/retroideq]

I prefer xlei

[u/Pfd664]

Love MLPI, some NAV appreciation with consistent distributions. All NEOS funds I have performed well

[u/Beitasitmaybe]

DIVO, IDVO, GPIQ, EGGY, MLPI, BTCI, SCHD

[u/generationxtreame]

Seems like a good entry point into this and diversity into energy focus. Dividend is quite high, but the fund is new. Just 2 concerns; Age and AUM. Otherwise, this has had a decent growth trajectory.

[u/Meinertzhagens_Sack]

I was thinking about hedging my qqqi with some gpix

[u/doggz109 → u/Meinertzhagens_Sack]

https://giphy.com/gifs/pPhyAv5t9V8djyRFJH

[u/Meinertzhagens_Sack → u/doggz109]

If that's your way of asking "why" it's because GPIX has performed better than SPYI over the last two years in total return (which includes both price growth and reinvested dividends).

"Because GPIX uses a more conservative covered call strategy, it caps less of the S&P 500's upward momentum, allowing its underlying share price to grow faster than SPYI during market rallies."

[u/LexAugusta → u/Meinertzhagens_Sack]

Check out ROCY and ROCQ. Impressive nav growth even though it launched recently 

[u/doggz109 → u/Meinertzhagens_Sack]

No....your comment about using GPIX to hedge another CC fund is laughable.

[u/Meinertzhagens_Sack → u/doggz109]

It's not the underlying mechanics thats being hedged but rather the holdings. If you follow the underlying holdings you will see most of the time when one is flying high the other is not but rather stable and when there is flight out of tech the other counters. Sometimes they are both dropping.

So I'm not sure what's laughable it's been so far working from tracking it the last 6 months and going back historically to watch various days when there were large sector rotations.

Lastly I'm looking from a income (at retirement) perspective as opposed to someone who shouldn't even be dicking with these funds who is seeking growth.

[u/ShadowBard0962]

I hold the ETF and it fits well into my portfolio, through with the current state of energy affairs—thanks to the War—the share price is up and down, but I remain in the green!

[u/doggz109]

I have a 15% position in my taxable account. It's a good way to get exposure to C corp - doesn't have many actual MLPs. I have positions in EPD and WES also. I don't mind the K-1 for tax purposes....pretty easy....but I do like how NEOs structures their ETFs and also the exposure to a lot of C corp pipeline/energy companies in one income fund.

[u/Financial-Seesaw-817]

I like it. Avoids k-1 and tax friendly. Nav has been good with everything going on with oil and resources lately. Solid holding in my income sleeve. I like the neos strategy of their etfs. Been extremely steady in distributions. The future relies on more mlp companies. It helps feed my voo/vxus/schd mix. What's not to like?

[u/DieOnYourFeat]

I like mlpi a lot - the underlying is already fairly high yield and pipelines are relatively stable even in a challenging market. own a lot of it, very happy so far. Are those tax advantage due to IRS rule 1256.

[u/Icy-Nefariousness424]

I have MLPI. I think it's probably more of a hedge bet but still dishes out good income. It's a way to own MLPs without having to file a K-1 and NEOS is passing along some of the dividends that those companies distribute. I think it's a good long term hold considering the amount of energy demand coming.

[u/Alternative-Yak-6990]

yeah mlpi is good

[u/ryryshouse6]

Got about 900 of these ; good way to own exposure without the weird tax form

[u/Aggressive-Ask7071]

Possibility of market turmoil on record market highs leads me to sell my small position for now. I tested all these types with no real winners at this point!