BNDI

NEOS Enhanced Income Aggregate Bond ETF

Fact Sheet   How to invest

As of 10/31/2022

Distribution Frequency

Monthly

Net Expense Ratio*

0.58%

Distribution Yield

4.99%

30-Day SEC Yield

1.77%

Targeted Benefits of BNDI's Strategy:

  1. The Fund seeks to distribute monthly income generated from investing in a representative portfolio of the U.S. Aggregate Bond Market and implementing a data-driven put option strategy
  2. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities
  3. The fund seeks to generate additional income from the sale of SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates

Investment Objective:

The NEOS Enhanced Income Aggregate Bond ETF (NYSE: BNDI) seeks monthly income in a tax efficient manner

Fund Details As of: 11/25/2022
Fund Inception 8/30/2022
Fund Ticker BNDI
CUSIP 78433H402
ISIN US78433H402
Gross Expense Ratio 0.61%
Net Expense Ratio* 0.58%
Net Assets $964,602
Shares Outstanding 20,000
Primary Exchange NYSE
Underlying Index U.S. Aggregate Bond ETFs
Distribution Frequency Monthly

*The Adviser has contractually agreed to keep net expenses from exceeding 0.58% of the Fund's average daily net assets through March 29, 2024 subject to approval of the agreement by the Board

Pricing Information

Data as of 11/25/2022

Closing NAV Price
Net Asset Value $48.23
Daily Change ($) $0.01
Daily Change (%) 0.02%
Closing Market Price
Market Price $48.23
Daily Change ($) $0.00
Daily Change (%) 0.01%
Premium / Discount
Premium Discount (%) -0.01%
30-Day Median Bid-Ask Spread (%) 0.15%
Premium / Discount Information

Where might BNDI fit into an investment portfolio?

BNDI maintains the tax efficiency of AGG & BND’s RIC structure to provide qualified dividends, enhanced by a systematic options overlay strategy that seeks to provide monthly income, which may be considered as a compelling alternative to traditional fixed income investments.

Fund Performance

Data as of: 10/31/2022

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance -0.42% -- -- -- -5.25% -- -- --
Market Price Performance -0.50% -- -- -- -5.33% -- -- --
Bloomberg U.S. Aggregate Bond Index -1.30% -- -- -- -5.92% -- -- --

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.

BNDI 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 (NYSE) at 4:00 p.m. ET when NAV is normally determined for BNDI, 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: 09/30/2022

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance -4.50% -- -- -- -4.86% -- -- --
Market Price Performance -4.50% -- -- -- -4.85% -- -- --
Bloomberg U.S. Aggregate Bond Index -4.32% -- -- -- -4.68% -- -- --

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.

BNDI 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 (NYSE) at 4:00 p.m. ET when NAV is normally determined for BNDI, 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

Data as of 10/31/2022

Distribution Information
Distribution Frequency Monthly
Distribution Yield 4.99%
12-Month Trailing Yield --
Distribution Amount / Share ($) $0.19420
Distribution / Share (%) 0.42%
30-Day SEC Yield 1.77%
Declaration Date Record Date Ex-Div Date Payable Date Amount ($)
9/20/2022 9/22/2022 9/21/2022 9/23/2022 $0.20470
10/25/2022 10/27/2022 10/26/2022 10/28/2022 $0.19420
11/22/2022 11/25/2022 11/23/2022 11/28/2022 --
12/22/2022 12/27/2022 12/23/2022 12/28/2022 --
Supplemental Tax Information

Holdings

Data as of 11/28/2022   Download Full Holdings

Security Name Identifier Weighting (%)
Vanguard Bd Index Fds Total Bnd Mrkt BND 49.36%
Ishares Tr Core Us Aggbd Et AGG 49.36%
Cboe S&p Put Opt 12/22 3620 SPXW 221209P03620000 0.02%
Cboe S&p Put Opt 12/22 3580 SPXW 221209P03580000 0.01%
Cboe S&p Put Opt 12/22 3740 SPXW 221209P03740000 -0.03%
Cboe S&p Put Opt 12/22 3780 SPXW 221209P03780000 -0.04%

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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