QQQI

NEOS Nasdaq-100® High Income ETF

Fund Performance Distribution Calendar
  • Distribution Information
  • Average Annual Total Returns
As of 03/31/2025
Distribution Frequency
Monthly
Expense Ratio
0.68%
Distribution Rate
14.39%
30-Day SEC Yield
0.21%
As of 03/31/2025
Inception
Nav
10.23%
Market Price
10.26%
1YR
Nav
7.32%
Market Price
7.34%
5YR
Nav
--%
Market Price
--%
10YR
Nav
--%
Market Price
--%

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: 04/25/2025
Fund Inception 1/30/2024
Fund Ticker QQQI
CUSIP 78433H675
ISIN US978433H6751
Gross Expense Ratio 0.68%
Net Assets $1,308,807,462
Shares Outstanding 27,630,000
Primary Exchange NASDAQ
Underlying Exposure Nasdaq-100® Index
Distribution Frequency Monthly
Fund Resources
Fact sheet  
Prospectus  

Pricing Information

Data as of 04/25/2025

Closing NAV Price
Net Asset Value $47.37
Daily Change ($) $0.48
Daily Change (%) 1.02%
Closing Market Price
Market Price $47.35
Daily Change ($) $0.46
Daily Change (%) 0.98%
Premium / Discount
Premium Discount (%) -0.04%
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: 03/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)		 1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance -6.49% -6.14% -0.85% -6.14% 12.07% 7.32% - - 10.23%
Market Performance -6.42% -6.13% -0.81% -6.13% 12.10% 7.34% - - 10.26%
Cboe Nasdaq-100 BuyWrite Monthly Index -6.26% -6.16% 0.81% -6.16% 13.17% 8.83% - - 11.15%
Nasdaq-100 Index -7.61% -8.07% -3.54% -8.07% 10.62% 6.44% - - 9.01%

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: 03/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)		 1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance -6.49% -6.14% -0.85% -6.14 12.07% 7.32 - - 10.23
Market Performance -6.42% -6.13% -0.81% -6.13 12.10% 7.34 - - 10.26
Cboe Nasdaq-100 BuyWrite Monthly Index -6.26% -6.16% 0.81% -6.16 13.17% 8.83 - - 11.15
Nasdaq-100 Index -7.61% -8.07% -3.54% -8.07 10.62% 6.44 - - 9.01

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.

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 03/31/2025)
Distribution Frequency Monthly
Distribution Rate 14.39%
12-Month Trailing Distribution Rate 15.03%
Distribution Amount / Share ($) $0.5867
Distribution Amount / Share (%) 1.20%
30-Day SEC Yield 0.21%
2024 Distribution Calendar
Supplemental Tax Information: 19a-1 Notices
Supplemental Tax Information: Form 8937
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
1/21/2025 1/22/2025 1/22/2025 1/24/2025 $0.6241
2/25/2025 2/26/2025 2/26/2025 2/28/2025 $0.6138
3/25/2025 3/26/2025 3/26/2025 3/28/2025 $0.5867
4/22/2025 4/23/2025 4/23/2025 4/25/2025 $0.5309
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, 98% 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 8.87%
Microsoft Corp MSFT 8.26%
Nvidia Corp NVDA 7.62%
Amazon.com Inc AMZN 5.62%
Broadcom Inc AVGO 4.21%
Meta Platforms Inc META 3.38%
Netflix Inc NFLX 3.20%
Costco Wholesale Corp COST 2.97%
Tesla Inc TSLA 2.92%
Alphabet Inc GOOGL 2.67%

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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