If you've been following my NEOS content, you already know SPYI and QQQI. But MLPI is one I've been watching closely — and I think it deserves a proper breakdown. What is it? MLPI is the NEOS MLP & Energy Infrastructure High Income ETF, launched in December 2025. It's actively managed and combines North American energy infrastructure exposure with a call-writing strategy to generate high monthly income. In plain English: you're getting exposure to pipelines and midstream energy companies, plus NEOS layering in their options strategy on top to juice the yield. Classic NEOS playbook — just applied to a different sector. The yield MLPI's forward yield annualizes to around 15.6%, which puts it among the highest in NEOS's covered call ETF suite. Monthly distributions, as you'd expect from NEOS. What makes this yield more interesting than most is that it's not all coming from options premiums. A large chunk of the underlying portfolio already delivers strong dividends on its own — so the options overlay is enhancing an already solid income base, not carrying all the weight. What's actually inside? The fund tracks the MLP & Energy Infrastructure Index — a rules-based, float-adjusted portfolio of US and Canadian MLPs, pipeline operators, LNG companies, and energy logistics firms. The top 25 securities by free-float market cap are selected, with no single constituent exceeding 10% and MLPs capped at 25% of total weight in aggregate. So it's diversified across the midstream/energy infrastructure space, with a cap structure that keeps concentration risk in check. The options structure This is where NEOS earns its keep. The option overlay uses aggressive strikes but only partial notional coverage — which allows for meaningful income while still preserving some upside if energy infrastructure continues to perform in a moderate growth environment. That's the balance NEOS tries to strike across all their funds — you're not giving up every dollar of upside just to chase yield.

Hi there I am a complete beginner when it comes to investing. I am starting my journey pretty much now and I'm very interested in investing in ETF's. I have a very small amount invested in crypto and hope to learn from those who have been there and done it.

Hey Guys, I am doing an interview with Troy Cates tomorrow on NEOS ETFs. The ETFs we will be talking will be MLPI, IAUI, and IYRI. If you have any questions for Troy, I will see if I can throw those in. Leave them in the comments. The interview will be out probably next week.

Where are you right now?

What's in your income sleeve right now? Time for a check-in. I'll share mine, you share yours. My current Portfolio sleeve: → VTI — US total Stock Market → QQQI — Nasdaq covered call, higher volatility, higher distribution → VGT — Tech → VXUS - Internation → SMH - Semiconductors → QQQM - Nasdaq 100 → SCHD - Dividends What I'm watching: how VGT's stock split tomorrow Your turn — what's in your portfolio right now? Share: 📌 Your current holdings 📌 One thing you're watching closely Any changes you made (or are considering) this month No judgment here — we're all building. Share where you're at.