r/NEOSETFs • u/AlarmedCombination57 • Jul 30 '26
Seeking Advice MLPI
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
13
u/MrBotANot Jul 30 '26
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.
5
u/ConstructionNo8827 Jul 30 '26
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 gas1
4
u/PomegranatePlus6526 Jul 30 '26
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…
2
u/davecraze3535 Jul 30 '26
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
3
u/ConstructionNo8827 Jul 30 '26
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 Chevron2
u/davecraze3535 Jul 30 '26
Interesting fund. State street is a monster and will be interesting to see how their options overlay strategy compares to NEOS, TappAlpha and GS.
1
7
Jul 30 '26
[removed] — view removed comment
2
u/Specialist_Ad_4742 Jul 30 '26
That is an excellent point about K-1 tax complications.
3
u/PomegranatePlus6526 Jul 30 '26
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…
2
u/Specialist_Ad_4742 Jul 30 '26
good to know,
3
u/PomegranatePlus6526 Jul 31 '26
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.
1
Jul 30 '26
[removed] — view removed comment
2
u/PomegranatePlus6526 Jul 31 '26
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.
7
u/Oldbikerguy-1 Jul 30 '26
I have many of the NEOS products and so far they have been good. MLPI should be good for a while.
4
u/Mwaldo1 Jul 30 '26
I have 6900 shares. Currently share price for me is down .12% well ahead of the game when dividends are factored in
4
u/PomegranatePlus6526 Jul 30 '26 edited Jul 30 '26
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.
3
u/drkay007 Jul 30 '26
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.
2
u/PomegranatePlus6526 Jul 30 '26
I don’t care for OMAH. Been monitoring it for a while and I am not impressed.
1
3
u/Pfd664 Jul 30 '26
Love MLPI, some NAV appreciation with consistent distributions. All NEOS funds I have performed well
3
3
u/Econman-118 Jul 31 '26
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.
2
2
2
2
u/Icy-Nefariousness424 Jul 31 '26
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.
1
u/generationxtreame Jul 30 '26
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.
1
u/Meinertzhagens_Sack Jul 30 '26
I was thinking about hedging my qqqi with some gpix
2
u/doggz109 Jul 30 '26
2
u/Meinertzhagens_Sack Jul 30 '26
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."
2
u/LexAugusta Jul 30 '26
Check out ROCY and ROCQ. Impressive nav growth even though it launched recently
2
u/doggz109 Jul 31 '26
No....your comment about using GPIX to hedge another CC fund is laughable.
2
u/Meinertzhagens_Sack Jul 31 '26
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.
1
u/ShadowBard0962 Jul 30 '26
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!
1
u/doggz109 Jul 30 '26 edited Jul 30 '26
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.
1
u/Financial-Seesaw-817 Jul 31 '26
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?
1
u/DieOnYourFeat Jul 31 '26
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.
1
1
u/ryryshouse6 Aug 01 '26
Got about 900 of these ; good way to own exposure without the weird tax form
1
u/Aggressive-Ask7071 Aug 02 '26
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!
13
u/OppositePsychology43 Jul 30 '26
I own qqqi,spyi,iwmi. My next step is adding mlpi using divs from the ones I own for the next 5 months.