Global X - MLP & Energy Infrastructure Covered Call ETF
MLPD
New York Stock Exchange Arca- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 605 Third Avenue, 43rd Floor New York NY United States of America 10158
- IPO Date
- May 8, 2024
- Website
- globalxetfs.com
- Similar Companies
- Business
- Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) is an exchange-traded fund that seeks to provide exposure to master limited partnerships (MLPs) and energy infrastructure corporations through a covered call options strategy; it maintains a long position in the Global X MLP & Energy Infrastructure ETF (MLPX), which tracks midstream energy companies involved in the transportation, storage, and processing of oil and natural gas; and writes monthly at-the-money European-style FLEX call options on up to 100% of the underlying MLPX portfolio notional value, rolling positions on the third Friday of each month by buying back expiring calls and selling new ones to generate premium income. The fund distributes the lower of half its option premiums received or 1% of NAV monthly, supplemented by dividends from MLPX holdings, targeting investors seeking current income, volatility-linked returns, and energy sector diversification with reduced downside risk from premiums; MLPD lists on the NYSE and operates with a net expense ratio of 0.60%, focusing on U.S. and Canadian energy infrastructure across midstream segments less sensitive to commodity price swings. Launched on May 8, 2024, and managed by Global X Management Company LLC, a subsidiary of Mirae Asset Financial Group founded in 2008 and headquartered in New York, New York, the fund had approximately $15-16 million in assets under management as of late 2025 with holdings concentrated in MLPX (over 100% exposure via options), short call positions, and minimal cash. Recent developments include ongoing monthly distributions through 2025, such as the February ex-dividend date of $0.2512 per share, and continued portfolio adjustments to energy market volatility amid U.S. production growth and global supply dynamics; no major acquisitions, partnerships, or strategic shifts specific to MLPD have been announced in the last 1-2 years beyond its initial listing as part of Global X's expansion of covered call income ETFs.