SPYI

NEOS S&P 500 High Income ETF

Fact Sheet   How to invest

As of 10/31/2022

Distribution Frequency

Monthly

Expense Ratio

0.68%

Distribution Yield

12.05%

30-Day SEC Yield

1.19%

Targeted Benefits of SPYI's Strategy:

  1. The Fund seeks to distribute high monthly income generated from investing in the constituents of the S&P 500 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 SPX 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 SPX index options, which may provide the opportunity for upside capture in rising equity markets

Investment Objective:

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: 11/25/2022
Fund Inception 8/30/2022
Fund Ticker SPYI
CUSIP 78433H303
ISIN US78433H303
Gross Expense Ratio 0.68%
Net Assets $2,884,726
Shares Outstanding 60,000
Primary Exchange CBOE
Underlying Index S&P 500 Index
Distribution Frequency Monthly

Pricing Information

Data as of 11/25/2022

Closing NAV Price
Net Asset Value $48.08
Daily Change ($) $0.02
Daily Change (%) 0.04%
Closing Market Price
Market Price $48.08
Daily Change ($) $0.01
Daily Change (%) 0.03%
Premium / Discount
Premium Discount (%) 0.00%
30-Day Median Bid-Ask Spread (%) 0.36%
Premium / Discount Information

Where might SPYI fit into an investment portfolio?

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 Performance

Data as of: 10/31/2022

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance 5.88% -- -- -- -4.13% -- -- --
Market Price Performance 5.77% -- -- -- -3.98% -- -- --
S&P 500 Index 8.10% -- -- -- -3.67% -- -- --

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: 09/30/2022

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance -7.78% -- -- -- -9.45% -- -- --
Market Price Performance -7.75% -- -- -- -9.23% -- -- --
S&P 500 Index -9.21% -- -- -- -10.89% -- -- --

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.

Distributions

Data as of 10/31/2022

Distribution Information
Distribution Frequency Monthly
Distribution Yield 12.05%
12-Month Trailing Yield --
Distribution Amount / Share ($) $ 0.46470
Distribution / Share (%) 1.00%
30-Day SEC Yield 1.19%
Declaration Date Record Date Ex-Div Date Payable Date Amount ($)
9/20/2022 9/22/2022 9/21/2022 9/23/2022 $0.48530
10/25/2022 10/27/2022 10/26/2022 10/28/2022 $0.46470
11/22/2022 11/25/2022 11/23/2022 11/28/2022 --
12/22/2022 12/27/2022 12/23/2022 12/28/2022 --
Supplemental Tax Information

Holdings

Data as of 11/28/2022   Download Full Holdings

Security Name Identifier Weighting (%)
Apple Inc AAPL 6.72%
Microsoft Corp MSFT 5.46%
Amazon Com Inc AMZN 2.37%
Berkshire Hathaway Inc Del BRK/B 1.72%
Alphabet Inc GOOGL 1.64%
Alphabet Inc GOOG 1.53%
Unitedhealth Group Inc UNH 1.45%
Exxon Mobil Corp XOM 1.41%
Tesla Inc TSLA 1.37%
Johnson & Johnson JNJ 1.36%

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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