×
The NEOS S&P 500 High Income ETF (CBOE: SPYI) seeks high monthly income in a tax efficient manner, with the potential for upside appreciation in rising markets
| Fund Details | As of: 05/19/2025 |
|---|---|
| Fund Inception | 8/30/2022 |
| Fund Ticker | SPYI |
| CUSIP | 78433H303 |
| ISIN | US1078433H3031 |
| Gross Expense Ratio | 0.68% |
| Net Assets | $3,511,344,684 |
| Shares Outstanding | 70,740,000 |
| Primary Exchange | CBOE |
| Underlying Exposure | S&P 500 Index |
| Distribution Frequency | Monthly |
| Fund Resources |
|---|
Fact sheet 
|
|
Prospectus
|
Data as of 05/19/2025
| Closing NAV Price | |
|---|---|
| Net Asset Value | $49.64 |
| Daily Change ($) | $0.02 |
| Daily Change (%) | 0.04% |
| Closing Market Price | |
|---|---|
| Market Price | $49.64 |
| Daily Change ($) | $0.03 |
| Daily Change (%) | 0.06% |
| Premium / Discount | |
|---|---|
| Premium Discount (%) | 0.01% |
| 30-Day Median Bid-Ask Spread (%) | 0.02% |
SPYI may be considered as an alternative to existing core equity allocations, and seeks to provide a tax efficient monthly income stream, while maintaining the opportunity for upside participation when market conditions warrant.
Fund Overview: S&P 500 High Income ETF (SPYI)
The Classification of SPYI's Monthly Distributions
Data as of: 04/30/2025
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance | -0.21% | -5.34% | -0.67% | -3.05% | 31.52% | 10.90% | - | - | 10.81% |
| Market Performance | -0.43% | -5.51% | -0.86% | -3.25% | 31.25% | 10.69% | - | - | 10.73% |
| Cboe S&P 500 BuyWrite Monthly Index | -1.63% | -6.72% | 1.35% | -4.67% | 25.65% | 9.50% | - | - | 8.93% |
| S&P 500 Index | -0.68% | -7.50% | -1.74% | -4.92% | 43.88% | 12.10% | - | - | 14.61% |
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.
SPYI 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 (CBOE) at 4:00 p.m. ET when NAV is normally determined for SPYI, 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 | -4.60% | -2.85% | -0.73% | -2.85% | 31.79% | 7.37% | - | - | 11.26% |
| Market Performance | -4.57% | -2.84% | -0.68% | -2.84% | 31.82% | 7.42% | - | - | 11.27% |
| Cboe S&P 500 BuyWrite Monthly Index | -4.65% | -3.09% | 2.51% | -3.09% | 27.72% | 9.80% | - | - | 9.92% |
| S&P 500 Index | -5.63% | -4.27% | -1.97% | -4.27% | 44.87% | 8.25% | - | - | 15.41% |
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.
SPYI 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 (CBOE) at 4:00 p.m. ET when NAV is normally determined for SPYI, 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.
The hypothetical growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
| Distribution Information (as of 4/30/2025) |
|
|---|---|
| Distribution Frequency | Monthly |
Distribution Rate  |
12.11% |
| 12-Month Trailing Distribution Rate |
13.43% |
| Distribution Amount / Share ($) | $0.4616 |
| Distribution Amount / Share (%) | 1.01% |
| 30-Day SEC Yield |
0.82% |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 1/21/2025 | 1/22/2025 | 1/22/2025 | 1/24/2025 | $0.5167 |
| 2/25/2025 | 2/26/2025 | 2/26/2025 | 2/28/2025 | $0.5142 |
| 3/25/2025 | 3/26/2025 | 3/26/2025 | 3/28/2025 | $0.5065 |
| 4/22/2025 | 4/23/2025 | 4/23/2025 | 4/25/2025 | $0.4616 |
| 5/20/2025 | 5/21/2025 | 5/21/2025 | 5/23/2025 | $0.5063 |
| 6/24/2025 | 6/25/2025 | 6/25/2025 | 6/27/2025 | |
| 7/22/2025 | 7/23/2025 | 7/23/2025 | 7/25/2025 | |
| 8/19/2025 | 8/20/2025 | 8/20/2025 | 8/22/2025 | |
| 9/23/2025 | 9/24/2025 | 9/24/2025 | 9/26/2025 | |
| 10/21/2025 | 10/22/2025 | 10/22/2025 | 10/24/2025 | |
| 11/25/2025 | 11/26/2025 | 11/26/2025 | 11/28/2025 | |
| 12/23/2025 | 12/24/2025 | 12/24/2025 | 12/26/2025 |
Distributions made by the Fund have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. As of the most recent distribution by the Fund, 98% was estimated to be return of capital. Please see the 19a-1 notices for a more comprehensive breakdown. To learn more about the potential tax efficiencies of return of capital distributions, click here.
| Declaration Date | Record Date | Ex-Div Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 1/23/2024 | 1/24/2024 | 1/25/2024 | 1/26/2024 | $0.4896 |
| 2/20/2024 | 2/21/2024 | 2/22/2024 | 2/23/2024 | $0.4967 |
| 3/19/2024 | 3/20/2024 | 3/21/2024 | 3/22/2024 | $0.5014 |
| 4/23/2024 | 4/24/2024 | 4/25/2024 | 4/26/2024 | $0.4892 |
| 5/21/2024 | 5/22/2024 | 5/23/2024 | 5/24/2024 | $0.4997 |
| 6/25/2024 | 6/26/2024 | 6/26/2024 | 6/27/2024 | $0.5051 |
| 7/23/2024 | 7/24/2024 | 7/24/2024 | 7/25/2024 | $0.5088 |
| 8/20/2024 | 8/21/2024 | 8/21/2024 | 8/22/2024 | $0.5564 |
| 9/24/2024 | 9/25/2024 | 9/25/2024 | 9/26/2024 | $0.5147 |
| 10/22/2024 | 10/23/2024 | 10/23/2024 | 10/24/2024 | $0.5196 |
| 11/19/2024 | 11/20/2024 | 11/20/2024 | 11/21/2024 | $0.5206 |
| 12/23/2024 | 12/24/2024 | 12/24/2024 | 12/26/2024 | $0.5164 |
| Declaration Date | Record Date | Ex-Div Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 1/24/2023 | 1/26/2023 | 1/25/2023 | 1/27/2023 | $0.4755 |
| 2/22/2023 | 2/24/2023 | 2/23/2023 | 2/27/2023 | $0.4716 |
| 3/21/2023 | 3/23/2023 | 3/22/2023 | 3/24/2023 | $0.4660 |
| 4/25/2023 | 4/27/2023 | 4/26/2023 | 4/28/2023 | $0.4823 |
| 5/23/2023 | 5/25/2023 | 5/24/2023 | 5/26/2023 | $0.4865 |
| 6/21/2023 | 6/23/2023 | 6/22/2023 | 6/26/2023 | $0.4966 |
| 7/25/2023 | 7/27/2023 | 7/26/2023 | 7/28/2023 | $0.5047 |
| 8/22/2023 | 8/24/2023 | 8/23/2023 | 8/25/2023 | $0.4864 |
| 9/19/2023 | 9/21/2023 | 9/20/2023 | 9/22/2023* | $0.4895 |
| 10/24/2023 | 10/26/2023 | 10/25/2023 | 10/27/2023 | $0.4650 |
| 11/21/2023 | 11/24/2023 | 11/22/2023 | 11/27/2023 | $0.4783 |
| 12/19/2023 | 12/21/2023 | 12/20/2023 | 12/22/2023 | $0.4849 |
*Due to a distribution calendar error by The Depository Trust Company (DTC) in which they entered an incorrect payment date in their system, the September SPYI distribution was paid on 9/26/23 instead of the originally scheduled payment date of 9/22/2023. For more information about DTC, the organization responsible for sending payment to shareholder brokerages, please click here: https://www.dtcc.com/about. DTC has communicated to NEOS that they've taken steps to ensure these issues do not occur in the future.
| Declaration Date | Record Date | Ex-Div Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 9/20/2022 | 9/22/2022 | 9/21/2022 | 9/23/2022 | $0.4853 |
| 10/25/2022 | 10/27/2022 | 10/26/2022 | 10/28/2022 | $0.4647 |
| 11/22/2022 | 11/25/2022 | 11/23/2022 | 11/28/2022 | $0.4782 |
| 12/22/2022 | 12/27/2022 | 12/23/2022 | 12/28/2022 | $0.4615 |
Data as of 05/21/2025 Download Full Holdings
| Security Name | Identifier | Weighting (%) |
|---|---|---|
| Microsoft Corp | MSFT | 7.04% |
| Nvidia Corp | NVDA | 6.79% |
| Apple Inc | AAPL | 6.36% |
| Amazon.com Inc | AMZN | 4.01% |
| Meta Platforms Inc | META | 2.84% |
| Broadcom Inc | AVGO | 2.15% |
| Alphabet Inc | GOOGL | 2.01% |
| Tesla Inc | TSLA | 1.97% |
| Berkshire Hathaway Inc | BRK/B | 1.89% |
| Alphabet Inc | GOOG | 1.62% |
Holdings are subject to change
| Fund Resources |
|---|
Recent Content 
|
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.