SPYH

NEOS S&P 500 Hedged Equity Income ETF

  • Distribution Information
  • Average Annual Total Returns
As of 03/31/2025
Distribution Frequency
Monthly
Expense Ratio
0.68%
Distribution Rate
--%
30-Day SEC Yield
--%
As of 03/31/2025
Inception
Nav
--%
Market Price
--%
1YR
Nav
Market Price
5YR
Nav
Market Price
10YR
Nav
Market Price

Targeted Benefits of SPYH's Strategy:

  1. The Fund aims to offer tax efficient monthly income through a data-driven option strategy on the S&P 500
  2. The Fund may offer a measure of downside protection via a constant, fully financed market hedge that seeks to reduce downside risk
  3. The Fund may offer flexibility across markets throughout a systematic approach that may aid in capturing gains and minimizing losses

Investment Objective:

The NEOS S&P 500® Hedged Equity Income ETF (the “Fund”) seeks high monthly income in a tax efficient manner with a measure of downside protection.

Fund Details As of: 04/25/2025
Fund Inception 4/2/2025
Fund Ticker SPYH
CUSIP 78433H568
ISIN US78433H568
Expense Ratio 0.68%
Net Assets $976,437
Shares Outstanding 20,000
Primary Exchange CBOE
Distribution Frequency Monthly

Pricing Information

Data as of 04/25/2025

Closing NAV Price
Net Asset Value $48.82
Daily Change ($) $0.29
Daily Change (%) 0.60%
Closing Market Price
Market Price $48.89
Daily Change ($) $0.34
Daily Change (%) 0.69%
Premium / Discount
Premium Discount (%) 0.14%
30-Day Median Bid-Ask Spread (%) 0.21%
Premium / Discount Information

Where might SPYH fit into an investment portfolio?

SPYH may serve as an alternative or complement to existing income-focused investments. The Fund's income is primarily generated from the sale of S&P 500 (SPX) Index options, a source less correlated to interest rates that also offers preferential tax treatment. Investors may also consider pairing SPYH with an ETF from the NEOS equity high income family, such as SPYI, to potentially build their desired blend of high monthly income while seeking a measure of downside protection.

Fund Performance

Data as of: 03/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.

SPYH is 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 upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for SPYH, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

Data as of: 03/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.

SPYH is 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 upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for SPYH, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

Distributions

Distribution Information
(as of 03/31/2025)
Distribution Frequency Monthly
Distribution Rate --%
Distribution Amount / Share ($) $--
Distribution Amount / Share (%) --%
30-Day SEC Yield --%
Supplemental Tax Information: 19a-1 Notices
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
4/22/2025 4/23/2025 4/23/2025 4/25/2025 $0.2559
5/20/2025 5/21/2025 5/21/2025 5/23/2025
6/24/2025 6/25/2025 6/25/2025 6/27/2025
7/22/2025 7/23/2025 7/23/2025 7/25/2025
8/19/2025 8/20/2025 8/20/2025 8/22/2025
9/23/2025 9/24/2025 9/24/2025 9/26/2025
10/21/2025 10/22/2025 10/22/2025 10/24/2025
11/25/2025 11/26/2025 11/26/2025 11/28/2025
12/23/2025 12/24/2025 12/24/2025 12/26/2025

Distributions made by the Fund have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. As of the most recent distribution by the Fund, --% was estimated to be return of capital. Please see the 19a-1 notices for a more comprehensive breakdown. To learn more about the potential tax efficiencies of return of capital distributions, click here.

Top Holdings

Data as of 04/28/2025   Download Full Holdings

Security Name Identifier Weighting (%)
Apple Inc AAPL 6.69%
Microsoft Corp MSFT 6.10%
Nvidia Corp NVDA 5.73%
Amazon.com Inc AMZN 3.75%
Meta Platforms Inc META 2.47%
Berkshire Hathaway Inc BRK/B 2.07%
Alphabet Inc GOOGL 1.99%
Broadcom Inc AVGO 1.93%
Alphabet Inc GOOG 1.61%
Tesla Inc TSLA 1.58%

Holdings are subject to change

Potential Benefits of Utilizing Options-Based ETFs

High Monthly Income

Investors may seek increased income generation potential within their portfolios through option writing (selling).

Lower Correlation

Options-based solutions may be less sensitive to traditional market risk factors such as credit, duration, and inflation risk.

Tax Efficiency

Index options are classified as Section 1256 contracts, which are subject to lower 60/40 tax rates.

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