MLPD


MLP & Energy Infrastructure Covered Call ETF

Reasons to Consider MLPD

High Income Potential

MLPD seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility.1

Monthly Distributions

MLPD expects to make distributions on a monthly basis.

Efficient Options Execution

MLPD writes call options on the Global X MLP & Energy Infrastructure ETF (MLPX), saving investors the time and potential expense of doing so individually.

1Covered call writing can limit the upside potential of the underlying security

Key Information As of 05/28/24

Inception Date 05/07/24
Total Expense Ratio 0.60%
Net Assets $2.47 million
NAV $24.72
Fact Sheet View the document

ETF Summary

The Global X MLP & Energy Infrastructure Covered Call ETF follows a “covered call” or “buy-write” strategy, in which the Fund buys the Global X MLP & Energy Infrastructure ETF (MLPX) and “writes” or “sells” corresponding call options on the same ETF.

ETF Objective

The Global X MLP & Energy Infrastructure Covered Call ETF (MLPD) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Cboe MLPX ATM BuyWrite Index.

Trading Details As of 05/28/24

Ticker MLPD
Bloomberg Index Ticker BXPX
CUSIP 37960A479
ISIN US37960A4792
Primary Exchange NYSE Arca
Shares Outstanding 100,000
Number of Holdings 2
30-Day Median Bid-Ask Spread N/A

Distributions As of 05/28/24

30-Day SEC Yield N/A
Distribution Frequency Monthly

ETF Prices As of 05/28/24

NAV $24.72 Daily Change $0.10 0.41%
Market Price $24.70 Daily Change $0.04 0.16%

Performance History

As of recent
(03/31/24)
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Since Inception -- -- --
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Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Options Details As of 05/28/24

Global X MLP & Energy Infrastructure ETF (MLPX) Price* 49.28
*Market Price as of 05/28/24

Upside Cap Details

Option Positions Notional Exposure Strike Upside Before Cap Expiration Date Calendar Days to Expiry
Short Global X MLP & Energy Infrastructure ETF Call Option -$2,478,784 50 1.46% 06/21/2024 24

Top Holdings As of 05/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
100.49 MLPX GLOBAL X MLP & E BMCJKQ4 49.28 50,400 2,483,712.00
0.11 CASH 1.00 2,674 2,673.83
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -208 -207.76
-0.59 2MLPX US 06/21/2024 C50 29.04 -503 -14,607.12
Holdings are subject to change. "Cash" denotes U.S. dollars.

ETF Characteristics As of 05/28/24

Return on Equity 17.90%
Weighted Avg. Market Cap 33,686 M
2023 2024
Price-to-earnings 13.23 14.97
Price-to-book value 2.71 2.66

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. Investments in securities of MLPs involve risk that differ from investments in common stock including risks related to limited control and limited rights to vote on matters affecting the MLP. 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). MLPD invests in the energy industry, which entails significant risk and volatility.

Small and mid-capitalization companies may pose greater risks than large companies. The Fund also expects to pay distributions, which will be treated as a return of capital for tax purposes rather than from net profits and shareholders should not assume that the source of distributions is from the net profits of the Fund.

Neither the Fund nor the Adviser has control over the actions of underlying MLPs. The amount of cash that each individual MLP can distribute to its partners will depend on the amount of cash it generates from operations, which will vary from quarter to quarter depending on factors affecting the energy infrastructure market generally. Available cash will also depend on the MLPs’ level of operating costs (including incentive distributions to the general partner), level of capital expenditures, debt service requirements, acquisition costs (if any), fluctuations in working capital needs, and other factors. The MLP holdings of the underlying Fund expect to generate significant investment income, and the underlying Fund’s investments may not distribute the expected or anticipated levels of cash, resulting in the risk that the Fund may not have the ability to make cash distributions as investors expect from MLP-focused investments. Past distributions are not indicative of future distributions. There is no guarantee that dividends will be paid.

MLPD engages in options trading. An option is a contract sold by one party to another that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed upon price within a certain period or on a specific date. A covered call option involves holding a long position in a particular asset and writing a call option on that same asset with the goal of realizing additional income from the option premium. By selling covered call options, the fund limits its opportunity to profit from an increase in the price of the underlying asset above the exercise price, but continues to bear the risk of a decline in the asset. A liquid market may not exist for options held by the fund. While the fund receives premiums for writing the call options, the price it realizes from the exercise of an option could be substantially below the asset’s current market price. MLPD is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the funds’ investment objectives, risks, and charges and expenses before investing. This and other information can be found in the funds’ full or summary prospectuses, which may be obtained at globalxetfs.com. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Cboe, nor does Cboe make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Cboe.