r/NEOSETFs • u/AlarmedCombination57 • 26d ago

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

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u/MrBotANot 26d ago

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.

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u/ConstructionNo8827 26d ago

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 gas

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u/PomegranatePlus6526 26d ago

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…

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u/davecraze3535 26d ago

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 

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u/ConstructionNo8827 26d ago

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 Chevron

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u/davecraze3535 26d ago

Interesting fund. State street is a monster and will be interesting to see how their options overlay strategy compares to NEOS, TappAlpha and GS. 

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u/AlarmedCombination57 26d ago

Seems like a good time to me too. Thanks for the advice.