NEOS MLP Enerji Altyapısı Yüksek Gelirli ETF (MLPI)

NEOS MLP Energy Infrastructure High Income ETF (MLPI)

NEOS

Thu, July 30, 2026 at 12:44 AM GMT+3 6 min read

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Understanding MLPI's Product Construction

MLPI invests in U.S. and Canadian-domiciled companies—including publicly traded MLP units and common equities—that operate in energy infrastructure–related business lines. The fund's underlying exposure spans:

LNG (liquefied natural gas) transportation and storage
Oil and gas transportation
Natural gas pipelines
Infrastructure construction

How MLPI Works

Step 1: Provides exposure to MLPs and energy infrastructure companies.

Step 2: Implements a data-driven call option overlay seeking additional monthly income beyond what's received from the underlying portfolio constituents.

The result: By combining income-paying equities with a data-driven, options-based income strategy, MLPI seeks to offer high monthly income and tax efficiency while maintaining upside participation in the energy infrastructure sector.

Potential Tax Efficiencies From Return of Capital (ROC)

The underlying MLP constituents of MLPI may classify portions of their distributions as return of capital (ROC). In addition, MLPI aims to harvest losses in order to classify portions of its own distributions as ROC, which can enhance the fund's overall tax efficiency. MLPI also aims to harvest losses to classify portions of its distributions as Return of Capital (ROC).

A Differentiated Income Solution with Energy Infrastructure Exposure

For income-focused investors, NEOS MLP & Energy Infrastructure High Income ETF (MLPI) aims to combine the tax efficiency of MLPs, the liquidity of public equities, and options-based income potential in a single energy infrastructure strategy—with no K-1 tax reporting.

The Case for Energy Infrastructure: A Steady Sector With Steady Income Potential

Energy infrastructure—power grids, pipelines, and renewable projects—aims to deliver steady income through long-term contracts and regulated pricing. These characteristics may both provide support during periods of equity volatility and act as a hedge against inflation. At the same time, rising demand from AI data centers and broader electrification may fuel strong long-term growth potential.

There are two primary ways investors can tap into the income and growth potential of energy infrastructure.

MLPI may serve as a tax-efficient income solution for investors seeking exposure to the midstream energy sector without the complexities of direct MLP ownership, while pursuing higher levels of monthly income.

MLP exposure is managed within the constraints of an ETF structure, allowing the fund to provide Form 1099 reporting and avoid the complexity of the K-1s typically associated with MLP investments.

About NEOS Investments

Headquartered in Westport, CT, NEOS was founded by a team of options-based ETF pioneers who previously created and managed some of the largest options-based ETFs currently in the market. With 30+ professionals firmwide and decades of combined investment experience, NEOS is a global asset manager that uses quantitative approaches designed to deliver investment solutions known for high monthly income potential and tax efficiency across core portfolio exposures and asset classes.

Disclosures

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866) 498-5677 or view/download a prospectus at https://neosfunds.com. Please read the prospectus carefully before you invest.

An investment in NEOS ETFs involves risk, including possible loss of principal. The equity securities purchased by the Funds may involve large price swings and potential for loss. There is no guarantee the NEOS ETFs will make monthly distributions and the amounts may fluctuate from month to month. Distributions made by NEOS ETFs have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. To view both current and historical monthly estimates of ETF distribution composition, investors may view the 19a-1 notices available on each corresponding Fund's webpage. Distributions classified as return of capital will reduce an investor's cost basis in Fund shares owned, which may result in higher taxes paid in the future when the Fund shares are sold, even if the shares are sold at a loss compared to the original investment.

The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund's gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. The funds are new with a limited operating history.

MLP Risk. Investments in securities of MLPs involve risks that differ from investments in common stock, including risks related to limited control and limited rights to vote on matters affecting the MLP, risks related to potential conflicts of interest between the MLP and the MLP's general partner, dilution risks, and risks related to the general partner's right to require unit-holders to sell their common units at an undesirable time or price due to regulatory changes and cash flow risks. MLP common units and other equity securities can be affected by macro-economic and other factors affecting the stock market in general, expectations of interest rates, investor sentiment towards MLPs or the energy sector, changes in a particular issuer's financial condition, or unfavorable or unanticipated poor performance of a particular issuer (in the case of MLPs, generally measured in terms of distributable cash flow). MLPs holding credit-related investments are subject to interest rate risk and the risk of default on payment obligations by debt issuers. Prices of common units of individual MLPs and other equity securities also can be affected by fundamentals unique to the partnership or company, including cash flow growth, cash generating power and distribution coverage.

Investments in smaller companies typically exhibit higher volatility. Investors in NEOS ETFs should be willing to accept a high degree of volatility in the price of the fund's shares and the possibility of significant losses.

Option: Options are financial derivatives that give buyers the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price and date.

The information contained herein does not constitute investment advice or a recommendation of any products, strategies, or services. Investors should consult with a financial professional regarding their individual circumstances before making investment decisions. NEOS Funds or its affiliates, nor Foreside Fund Services, LLC, or its affiliates accept any responsibility for loss arising from the use of the information contained herein.

NEOS ETFs are distributed by Foreside Fund Services, LLC.