ETF Evaluator: Global X MLP & Engy Infras Cov Cll ETF () Follow This ETF

Global X MLP & Engy Infras Cov Cll ETF Overview

Global X MLP & Engy Infras Cov Cll ETF (MLPD) is a passively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). Global X Funds launched the ETF in 2024.

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe MLPX ATM BuyWrite Index. The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the constituent securities of the underlying index. The underlying index measures the performance of a theoretical portfolio that employs a covered call strategy, as determined by Cboe Global Indices, LLC. The fund is non-diversified.

About Global X MLP & Engy Infras Cov Cll ETF (MLPD)

There are 2 members of the management team with an average tenure of 2.23 years: Wayne Xie (2024) and Vanessa Yang (2024). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 1 primary benchmark: Cboe MLPX ATM BuyWrite TR USD index with a weighting of 100%. Global X MLP & Engy Infras Cov Cll ETF has 3 securities in its portfolio. The top 10 holdings constitute 102.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Global X MLP & Engy Infras Cov Cll ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. Global X MLP & Engy Infras Cov Cll ETF has 25.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 74.5% There is 25.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X MLP & Engy Infras Cov Cll ETF has 0.2% of the portfolio in cash.

Assets Under Management

The fund has $30 million in total assets, which is below the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MLPD Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X MLP & Engy Infras Cov Cll ETF expense ratio is above average compared to funds in the Derivative Income category. Global X MLP & Engy Infras Cov Cll ETF has an expense ratio of 0.60%, which is 28% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X MLP & Engy Infras Cov Cll ETF has a portfolio turnover rate of 15%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.

Recently, in the month of July 2026, Global X MLP & Engy Infras Cov Cll ETF returned 0.5%, which earned it a grade of C, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Global X MLP & Engy Infras Cov Cll ETF has a trailing yield of 11.10%, which is below the 19.96% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Global X MLP & Engy Infras Cov Cll ETF Grades

Year to date, the ETF has returned 6.5%, 3.9 percentage points better than the category, which translates into a grade of C. The fund has returned 11.6% over the past year (grade of D).

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