NEOS MLP & Energy Infrastructure High Income ETF(CBOE:MLPI)

MLPI is an actively managed ETF that aims to generate high monthly income and capital appreciation by investing its assets in a portfolio of US and Canadian energy infrastructure MLPs and companies included in a narrow based MLP and energy infrastructure index, and implementing a call options strategyprimarily selling one-month FLEX call options on ETFs that invest in MLPs. The option strategy caps upside participation in exchange for current income. MLPs in the portfolio typically operate in activities like transportation, storage, and processing of energy and natural resources. Unlike direct MLP investments, investors in the ETF receive distributions via Form 1099. The option contracts qualify as Section 1256 Contracts, offering favorable tax treatment (60% long-term, 40% short-term capital gains). The Fund may also pursue tax-loss harvesting.