NEOS MLP & Energy Infrastructure High Income ETF

MLPI

Market cap $695M

The Dividend Harvesting Portfolio has grown to $39,685.82 from $27,900 invested, now generating $3,136.31 in forward annualized dividend income. I continue to prioritize rate-sensitive sectors, adding to NEOS MLP & Energy Infrastructure High Income ETF (MLPI) and Starwood Property Trust (STWD) for high yields and future growth. Dividend income growth remains robust, with 2026 income already at 62.53% of 2025's total after just 27 weeks, driven by reinvestment and sector diversification.

MLPI takes a hybrid approach to investing in North American energy infrastructure.

NEOS' MLP & Energy Infrastructure High Income ETF offers a near 15% yield with monthly, tax-efficient distributions and no K-1, targeting income-focused investors. MLPI combines MLPs and energy infrastructure C-corps with a covered call overlay, balancing high income and some growth potential, though capping upside versus pure-play peers. MLPI's short track record and covered call strategy introduce risks of NAV erosion and underperformance in prolonged bear markets or severe pullbacks.

NEOS MLP & Energy Infrastructure High-Income ETF remains a Buy, with its option strategy and portfolio stability validated over recent months. MLPI's option overwrite increased to ~66%, enhancing income generation for a flatter, macro-pressured regime while maintaining upside capture. Distributions have remained stable ($0.65–0.71), with ~89% classified as ROC, providing tax efficiency and supporting the income-led thesis.

NEOS MLP & Energy Infrastructure High Income ETF remains a buy, offering a 14.7% yield and monthly, tax-efficient distributions without K-1 complications. MLPI's OTM option writing strategy supports high income while allowing for some capital appreciation, though upside is capped and NAV erosion is a risk in downturns. Fund assets have surged to nearly $700M, reflecting investor optimism; top holdings include WMB, ENB, TRP, KMI, and TRGP, with 25% in true MLPs.

Energy has ranked as this year's best-performing sector, and many investors are scrambling to source income away from the bond market, so it's no surprise that midstream energy stocks and the related ETFs are garnering more attention. This corner of the energy patch makes good on the promise of big-time income.

Covered call ETFs offer abnormal income and access to asset classes lacking yield, though downside protection is rarely effective in practice. Alpha generation is not the goal; these funds suit investors prioritizing high income or absolute return over chasing alpha. However, not all covered call ETFs can do this job.

NEOS MLP & Energy Infrastructure High Income ETF offers a forward yield of ~15% with monthly distributions, targeting income-focused investors. MLPI combines midstream energy exposure with a covered-call overlay, aiming for high cash flow and tax efficiency without K-1 headaches. Income-thirsty investors can consider accumulating MLPI in $3 increments on pullbacks from $55, as any midstream sector normalization may create entry opportunities.

WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces May monthly distribution amounts for their suite of ETFs that pursue monthly income and tax efficiency across core portfolio exposures. May 2026 Distribution Information, based on each ETFs Ex-Dividend Date:   Distribution Rate* Amount / Share (%) Amount / Share ($) Ex-Dividend Date 30-Day SEC Yield** Boosted Bitcoin High Income ETF (XBCI) 38.8.

I detail the two places where I am putting my biggest bets right now. These 7%+ yielding dividend investments are backed by major macro tailwinds. I also discuss the risks to keep in mind.