BNDI

NEOS Enhanced Income Aggregate Bond ETF

Fact Sheet   How to invest

As of 05/31/2024

Distribution Frequency

Monthly

Net Expense Ratio*

0.58%

Distribution Yield

5.06%

30-Day SEC Yield

2.88%

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: 06/12/2024
Fund Inception 8/30/2022
Fund Ticker BNDI
CUSIP 78433H402
ISIN US78433H402
Gross Expense Ratio 0.61%
Net Expense Ratio* 0.58%
Net Assets $11,317,479
Shares Outstanding 240,000
Primary Exchange NYSE
Underlying Exposure 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 September 28, 2024 subject to approval of the agreement by the Board

Pricing Information

Data as of 06/12/2024

Closing NAV Price
Net Asset Value $47.16
Daily Change ($) $0.22
Daily Change (%) 0.47%
Closing Market Price
Market Price $47.20
Daily Change ($) $0.22
Daily Change (%) 0.47%
Premium / Discount
Premium Discount (%) 0.10%
30-Day Median Bid-Ask Spread (%) 0.15%
Premium / Discount Information

Where might BNDI fit into an investment portfolio?

BNDI offers core fixed income exposure, enhanced by a systematic options overlay strategy that seeks to provide tax-efficient monthly income, which may be considered as a compelling alternative to traditional fixed income investments.

Fund Performance

Data as of: 05/31/2024

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance 1.73% 0.09% 2.13% -1.44% 2.61% 1.74% -- --
Market Price Performance 1.64% -0.01% 2.12% -1.54% 2.67% 1.69% -- --
Bloomberg U.S. Aggregate Bond Index 1.70% 0.04% 2.12% -1.64% 0.79% 1.31% -- --

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: 03/31/2024

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance 0.90% -0.65% 6.22% -0.65% 3.44% 2.20% -- --
Market Price Performance 0.88% -0.67% 6.24% -0.67% 3.57% 2.21% -- --
Bloomberg U.S. Aggregate Bond Index 0.92% -0.78% 5.99% -0.78% 1.68% 1.70% -- --

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

Distribution Information
(as of 05/31/2024)
Distribution Frequency Monthly
Distribution Yield 5.06%
12-Month Trailing Yield 5.35%
Distribution Amount / Share ($) $0.1969
Distribution Amount / Share (%) 0.42%
30-Day SEC Yield 2.88%
2023 Distribution Calendar
2022 Distribution Calendar
Supplemental Tax Information: 19a-1 Notices
Supplemental Tax Information: Form 8937
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
1/23/2024 1/24/2024 1/25/2024 1/26/2024 $0.2153
2/20/2024 2/21/2024 2/22/2024 2/23/2024 $0.2126
3/19/2024 3/20/2024 3/21/2024 3/22/2024 $0.2074
4/23/2024 4/24/2024 4/25/2024 4/26/2024 $0.1991
5/21/2024 5/22/2024 5/23/2024 5/24/2024 $0.1969
6/25/2024 6/26/2024 6/26/2024 6/27/2024
7/23/2024 7/24/2024 7/24/2024 7/25/2024
8/20/2024 8/21/2024 8/21/2024 8/22/2024
9/24/2024 9/25/2024 9/25/2024 9/26/2024
10/22/2024 10/23/2024 10/23/2024 10/24/2024
11/19/2024 11/20/2024 11/20/2024 11/21/2024
12/23/2024 12/24/2024 12/24/2024 12/26/2024

Top Holdings

Data as of 06/13/2024   Download Full Holdings

Security Name Identifier Weighting (%)
Vanguard Total Bond Market Etf BND 49.73%
Ishares Core U.s. Aggregate Bond Etf AGG 49.69%
Spxw Us 06/20/24 P4875 SPXW 240620P04875000 0.00%
Spxw Us 06/20/24 P4825 SPXW 240620P04825000 0.00%
Spxw Us 06/20/24 P4750 SPXW 240620P04750000 0.00%
Spxw Us 06/20/24 P4970 SPXW 240620P04970000 0.00%
Spxw Us 06/20/24 P5035 SPXW 240620P05035000 0.00%
Spxw Us 06/20/24 P5080 SPXW 240620P05080000 0.00%

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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