Global X MLP & Energy Infrastructure ETF (MLPX) Covered Calls

The Global X MLP & Energy Infrastructure ETF (MLPX) is an exchange-traded fund designed to provide investors with exposure to master limited partnerships and other companies involved in the energy infrastructure sector. The fund primarily invests in entities engaged in the gathering, processing, transportation, and storage of energy commodities. By targeting midstream assets, the ETF offers a focused approach to the North American energy infrastructure industry.

You can sell covered calls on Global X MLP & Energy Infrastructure ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for MLPX (prices last updated Mon 2:25 PM ET):

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Core Business and Products

The Global X MLP & Energy Infrastructure ETF (MLPX) tracks a specialized index of midstream energy companies, offering a diversified portfolio of assets critical to the North American energy supply chain. Unlike traditional MLP funds that focus strictly on partnerships, this ETF includes both partnerships and corporations. This structure allows the fund to capture a broader range of the energy infrastructure market while providing investors with simplified tax reporting by avoiding the issuance of K-1 forms.

The fund’s holdings are primarily concentrated in the midstream sector, which serves as the "plumbing" of the energy industry. These companies operate the pipelines, storage terminals, and processing plants required to move raw hydrocarbons from production sites to end consumers. Because these businesses typically operate under long-term, fee-based contracts, the underlying assets often provide more stable cash flows compared to upstream exploration and production companies.

Competitive Landscape

MLPX operates in a competitive market of exchange-traded products focused on the energy sector. It competes directly with other infrastructure-heavy funds and MLP-focused products. One of its primary competitors in the MLP space is the Alerian MLP ETF, which is one of the largest funds in the category. Other major competitors include broad energy sector funds like the Energy Select Sector SPDR Fund, which provides wider exposure to integrated oil majors.

The fund also competes with more targeted midstream products such as the Vanguard Energy ETF. Within its own portfolio, the performance of MLPX is driven by major midstream giants that have active options markets, including The Williams Companies, Inc., Enbridge Inc., and Kinder Morgan, Inc.. By including both C-Corps and MLPs, the fund aims to provide a more comprehensive midstream yield than traditional pure-MLP trackers.

Strategic Outlook and Innovation

The strategic focus for the fund involves capturing the ongoing expansion of North American energy export capacity. As global demand for natural gas and refined products remains high, the midstream companies within the fund are increasingly investing in LNG export terminals and Gulf Coast connectivity. This shift toward international markets represents a major long-term growth driver for the infrastructure sector, providing a pathway for volume growth that is decoupled from local consumption trends.

Innovation within the underlying portfolio is increasingly focused on the energy transition and decarbonization. Many of the fund’s holdings are exploring ways to utilize existing pipeline infrastructure for hydrogen transport and carbon capture and storage (CCS). By adapting legacy assets for cleaner energy fuels, these companies aim to ensure their infrastructure remains relevant in an energy-diverse future. The fund remains positioned to benefit from these modernization efforts across the midstream landscape.

Want more examples? MLPA Covered Calls | MLR Covered Calls