QQQI

NEOS Nasdaq-100® High Income ETF

Fact Sheet   How to invest

As of 05/31/2024

Distribution Frequency

Monthly

Expense Ratio

0.68%

Distribution Yield

14.56%

30-Day SEC Yield

0.28%

Targeted Benefits of QQQI's Strategy:

  1. The Fund seeks to distribute high monthly income generated from investing in the constituents of the Nasdaq-100® Index and implementing a data-driven call option strategy
  2. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing NDX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates
  3. The Fund utilizes a call option strategy that may include both sold and purchased NDX index options, which may provide the opportunity for upside capture in rising equity markets

Investment Objective:

The NEOS Nasdaq-100® High Income ETF (the “Fund”) seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation.

Fund Details As of: 06/12/2024
Fund Inception 1/30/2024
Fund Ticker QQQI
CUSIP 78433H675
ISIN US78433H6751
Gross Expense Ratio 0.68%
Net Assets $242,235,313
Shares Outstanding 4,670,000
Primary Exchange NASDAQ
Underlying Exposure Nasdaq-100® Index
Distribution Frequency Monthly

Pricing Information

Data as of 06/12/2024

Closing NAV Price
Net Asset Value $51.87
Daily Change ($) $0.33
Daily Change (%) 0.63%
Closing Market Price
Market Price $51.91
Daily Change ($) $0.37
Daily Change (%) 0.72%
Premium / Discount
Premium Discount (%) 0.08%
30-Day Median Bid-Ask Spread (%) 0.08%
Premium / Discount Information

Where might QQQI fit into an investment portfolio?

QQQI may be considered as an alternative or complement to existing core equity allocations that seeks to provide a tax efficient monthly income stream, while maintaining the opportunity for upside participation when market conditions warrant.


Fund Overview: Nasdaq-100 High Income ETF (QQQI)

The Classification of QQQI's Monthly Distributions

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 4.97% 2.90% -- -- 5.75% -- -- --
Market Price Performance 4.83% 2.85% -- -- 5.72% -- -- --
CBOE Nasdaq-100® BuyWrite Index 1.69% 1.98% -- -- 3.64% -- -- --
Nasdaq-100® Index 6.39% 2.93% -- -- 5.68% -- -- --

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.

QQQI 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 QQQI, 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 1.61% -- -- -- 4.42% -- -- --
Market Price Performance 1.60% -- -- -- 4.44% -- -- --
CBOE Nasdaq-100® BuyWrite Index 2.32% -- -- -- 3.99% -- -- --
Nasdaq-100®Index 1.23% -- -- -- 3.93% -- -- --

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.

QQQI 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 QQQI, 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 14.56%
Distribution Amount / Share ($) $0.5867
Distribution Amount / Share (%) 1.21%
30-Day SEC Yield 0.28%
Supplemental Tax Information: 19a-1 Notices
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
2/20/2024 2/21/2024 2/22/2024 2/23/2024 $0.5939
3/19/2024 3/20/2024 3/21/2024 3/22/2024 $0.6045
4/23/2024 4/24/2024 4/25/2024 4/26/2024 $0.5867
5/21/2024 5/22/2024 5/23/2024 5/24/2024 $0.6129
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 (%)
Microsoft Corp MSFT 8.95%
Apple Inc AAPL 8.74%
Nvidia Corp NVDA 8.47%
Amazon.com Inc AMZN 5.31%
Broadcom Inc AVGO 4.91%
Meta Platforms Inc META 4.91%
Alphabet Inc GOOGL 2.88%
Alphabet Inc GOOG 2.78%
Costco Wholesale Corp COST 2.62%
Tesla Inc TSLA 2.39%

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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