Summary
MLP & Energy Infrastructure High Income ETF is an ETF - a fund traded on an exchange like a stock - run by Neos. Positions inside: 27. The ten largest make up 63% of the fund.
- Yearly costs
- 0.68%
- Fund size
- $937.3M
- Positions
- 27
- Dividend yield
- 12.69%
- Running since
- 2025
What speaks for it
- Easy to buy and sell: about $19.3M changes hands a day.
What to watch
- The ten largest positions make up 63% of the fund, so its result rests on a few names.
- Costs of 0.68% a year are above the middle of comparable funds (0.44%).
- A young fund: it has been running only since 2025.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -0.3%
- 3 months
- -6.4%
- This year
- +5.1%
- Avg. market cap
- $43.6B
- P/E
- 15.2x
- Forward P/E
- 18.0x
- P/S
- 1.2x
- P/B
- 3.4x
- P/FCF
- 11.2x
- EV/EBITDA
- 10.1x
- Dividend yield
- 3.78%
- ROIC
- 9.7%
- ROE
- 32.3%
- Gross margin
- 43.5%
- Operating margin
- 29.8%
- Net margin
- 20.5%
- Payout ratio
- 57.2%
- Net debt/EBITDA
- 3.4x
- Beta
- -0.20
Weighted average of the 19 largest companies, which make up 70% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Concentrated- 1 WMThe Williams Companies, Inc. WMB 9.5%
- 2 Enbridge Inc 9.4%
- 3 TC Energy Corp 7.8%
- 4 KMKinder Morgan KMI 6.8%
- 5 OKONEOK, Inc. OKE 6.3%
- 6 PEMBINA PIPELINE CORP 4.8%
- 7 TRTarga Resources Corp. TRGP 4.7%
- 8 LNCheniere Energy, Inc. LNG 4.7%
- 9 MPMPLX LP MPLX 4.4%
- 10 Energy Transfer LP 4.4%
Positions in the fund: 27. The ten largest make up 63% of it.
Composition as of Oct 18, 2026.
Where is it spread?
Spread outBy country
- United States 71%
- Bermuda 3.3%
- Other countries 25%
By company size
- Large cap 71%
- Mid cap 20%
- Small cap 9.1%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 70% of the fund.
Largest country: United States (71%). Largest size group: Large cap (71%).
What does it cost me?
Expensive- A year from $10,000
- $68.00
- Over 20 years
- $3,233
From every $10,000 invested the fund takes $68.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,233.
How has it done?
- Deepest drop
- -14%
- Yearly volatility
- 15%
It has traded for less than a year, too short to judge.
Does it pay dividends?
Yes, it pays out- Yield
- 12.69%
- Payments a year
- 1
- Last payment
- $0.63
Over the last 12 months it paid $6.65 per share, which is 12.69% of today's price. The last payment was $0.63 on Sep 16, 2026.
Is it easy to buy and sell?
Very easy- Traded a day
- $19.3M
- Shares a day
- 368K
On an average day about $19.3M of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 15.2
- Average Bulios Score
- 60 out of 100
Weight by Bulios Fair Price
- Undervalued 54%
- Fairly valued 0.0%
- Overvalued 46%
On average the companies inside trade for 15.2 times their yearly profit. By Fair Price, 54% of the rated weight comes out as undervalued.
Counted from its largest companies (19), which make up 70% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
ML MLPX Global X - MLP & Energy Infrastructure ETF | United States | 0.45% | $3.60B | +25% | Pays out | 58% |
MD MDST Westwood Salient Enhanced Midstream Income ETF | United States | 0.80% | $304.4M | +13% | Pays out | 55% |
EI EINC VanEck Energy Income ETF | United States | 0.46% | $81.5M | +27% | Pays out | 54% |
UM UMI USCF Midstream Energy Income Fund | United States | 0.85% | $528.8M | +23% | Pays out | 51% |
EN ENFR Alerian Energy Infrastructure ETF | United States | 0.35% | $458.3M | +28% | Pays out | 51% |
PI PIPE Invesco SteelPath MLP & Energy Infrastructure ETF | United States | 0.75% | $64.6M | +29% | Pays out | 48% |