QQQH

NEOS Nasdaq-100 Hedged Equity Income ETF

  • Distribution Information
  • Average Annual Total Returns
As of 02/28/2025
Distribution Frequency
Monthly
Expense Ratio
0.68%
Distribution Rate
9.01%
30-Day SEC Yield
0.05%
As of 12/31/2024
Inception
Nav
9.15%
Market Price
9.13%
1YR
Nav
25.64%
Market Price
25.94%
5YR
Nav
9.10%
Market Price
9.00%
10YR
Nav
--%
Market Price
--%

QQQH began as the Nationwide Nasdaq-100 Risk-Managed Income ETF (Predecessor Fund), an ETF which operated since December 19, 2019 under the ticker NUSI. As of the close of business on November 8, 2024, the NEOS Nasdaq-100 Hedged Equity Income ETF acquired the Predecessor Fund's assets and liabilities, and assumed its performance, financial and other historical information.

Targeted Benefits of QQQH's Strategy:

  1. The Fund aims to offer tax efficient monthly income through a data-driven option strategy on the Nasdaq-100
  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 Nasdaq-100® 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: 03/14/2025
Fund Inception 11/8/2024
Fund Ticker QQQH
CUSIP 78433H576
ISIN US78433H5765
Expense Ratio 0.68%
Net Assets $300,106,919
Shares Outstanding 6,014,981
Primary Exchange NASDAQ
Distribution Frequency Monthly

Pricing Information

Data as of 03/14/2025

Closing NAV Price
Net Asset Value $49.89
Daily Change ($) $0.83
Daily Change (%) 1.69%
Closing Market Price
Market Price $49.78
Daily Change ($) $0.68
Daily Change (%) 1.38%
Premium / Discount
Premium Discount (%) -0.23%
30-Day Median Bid-Ask Spread (%) 0.29%
Premium / Discount Information

Where might QQQH fit into an investment portfolio?

QQQH may serve as an alternative or complement to existing income-focused investments. The Fund's income is primarily generated from the sale of Nasdaq-100 (NDX) Index options, a source less correlated to interest rates that also offers preferential tax treatment. Investors may also consider pairing QQQH with an ETF from the NEOS equity high income family, such as QQQI, to potentially build their desired blend of high monthly income while seeking a measure of downside protection.

Fund Performance

Data as of: 02/28/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance -1.31% 1.13% 7.59% 0.42% 56.05% 19.66% 10.02% 9.54% 8.94%
Market Performance -1.65% 1.04% 7.26% 0.13% 55.46% 19.67% 9.97% 9.40% 8.86%
CBOE S&P 500 Zero-Cost Put Spread Collar Index -0.71% 0.21% 7.16% 1.81% 67.54% 16.49% 11.81% 12.53% 10.44%

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.

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

QQQH began as the Nationwide Nasdaq-100 Risk-Managed Income ETF (Predecessor Fund), an ETF which operated since December 19, 2019. As of the close of business on November 8, 2024, the NEOS Nasdaq-100 Hedged Equity Income ETF acquired the Predecessor Fund's assets and liabilities, and assumed its performance, financial and other historical information.

Data as of: 12/31/2024

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance 0.71% 3.87% 7.88% 25.64% 55.40% 25.64% 5.83% 9.10% 9.15%
Market Performance 0.91% 4.18% 7.65% 25.94% 55.26% 25.94% 5.73% 9.00% 9.13%
CBOE S&P 500 Zero-Cost Put Spread Collar Index -1.57% 2.91% 8.59% 20.52% 64.57% 20.52% 8.78% 10.47% 10.40%

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.

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

QQQH began as the Nationwide Nasdaq-100 Risk-Managed Income ETF (Predecessor Fund), an ETF which operated since December 19, 2019. As of the close of business on November 8, 2024, the NEOS Nasdaq-100 Hedged Equity Income ETF acquired the Predecessor Fund's assets and liabilities, and assumed its performance, financial and other historical information.

Growth of $10,000 at NAV Since Inception

The hypothetical growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Distributions

Distribution Information
(as of 02/28/2025)
Distribution Frequency Monthly
Distribution Rate 9.01%
12-Month Trailing Distribution Rate 7.42%
Distribution Amount / Share ($) $0.3900
Distribution Amount / Share (%) 0.75%
30-Day SEC Yield 0.05%
2024 Distribution Calendar
Supplemental Tax Information: 19a-1 Notices
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
1/21/2025 1/22/2025 1/22/2025 1/24/2025 $0.1931
2/25/2025 2/26/2025 2/26/2025 2/28/2025 $0.3900
3/25/2025 3/26/2025 3/26/2025 3/28/2025
4/22/2025 4/23/2025 4/23/2025 4/25/2025
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, 99% 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 03/17/2025   Download Full Holdings

Security Name Identifier Weighting (%)
Apple Inc AAPL 8.42%
Nvidia Corp NVDA 7.90%
Microsoft Corp MSFT 7.69%
Amazon.com Inc AMZN 5.64%
Broadcom Inc AVGO 4.06%
Meta Platforms Inc META 3.56%
Costco Wholesale Corp COST 2.65%
Alphabet Inc GOOGL 2.59%
Netflix Inc NFLX 2.54%
Alphabet Inc GOOG 2.49%

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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