SPYI

NEOS S&P 500 High Income ETF

  • Distribution Information
  • Average Annual Total Returns
As of 12/31/2025
Distribution Frequency
Monthly
Expense Ratio
0.68%
Distribution Rate
12.04%
30-Day SEC Yield
0.54%
As of 12/31/2025
Inception
Nav
14.72%
Market Price
14.73%
1YR
Nav
16.60%
Market Price
16.62%
5YR
Nav
--%
Market Price
--%
10YR
Nav
--%
Market Price
--%

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


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

Fund Details As of: 01/22/2026
Fund Inception 8/30/2022
Fund Ticker SPYI
CUSIP 78433H303
ISIN US78433H3030
Gross Expense Ratio 0.68%
Net Assets $7,337,569,655
Shares Outstanding 139,830,000
Primary Exchange CBOE
Underlying Exposure S&P 500 Index
Distribution Frequency Monthly

Pricing Information

Data as of 01/22/2026

Closing NAV Price
Net Asset Value $52.47
Daily Change ($) $0.25
Daily Change (%) 0.49%
Closing Market Price
Market Price $52.48
Daily Change ($) $0.24
Daily Change (%) 0.45%
Premium / Discount
Premium Discount (%) 0.00%
30-Day Median Bid-Ask Spread (%) 0.02%
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 Overview: S&P 500 High Income ETF (SPYI)

The Classification of SPYI's Monthly Distributions

Fund Performance

Data as of: 12/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance 0.63% 3.40% 10.65% 16.60% 58.18% 16.60% 18.01% - 14.72%
Market Performance 0.73% 3.48% 10.83% 16.62% 58.21% 16.62% 17.91% - 14.73%
Cboe S&P 500 BuyWrite Monthly Index 1.65% 6.53% 10.29% 8.91% 43.55% 8.91% 13.52% - 11.43%
S&P 500 Index 0.06% 2.66% 11.00% 17.88% 78.39% 17.88% 23.01% - 18.92%

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: 12/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance 0.63% 3.40% 10.65% 16.60% 58.18% 16.60% 18.01 - 14.72%
Market Performance 0.73% 3.48% 10.83% 16.62% 58.21% 16.62% 17.91 - 14.73%
Cboe S&P 500 BuyWrite Monthly Index 1.65% 6.53% 10.29% 8.91% 43.55% 8.91% 13.52 - 11.43%
S&P 500 Index 0.06% 2.66% 11.00% 17.88% 78.39% 17.88% 23.01 - 18.92%

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: 12/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance
(Post-Tax on Fund Distributions)
0.22% 2.15% 7.98% 11.00% 48.35% 11.00% 15.56 - 12.54%
NAV Performance
(Post-Tax on Fund Distributions and Shares Sold)
0.38% 2.00% 6.25% 9.54% 40.19% 9.54% 13.13 - 10.65%
Market Performance
(Post-Tax on Fund Distributions)
0.33% 2.23% 8.17% 11.03% 48.42% 11.03% 15.48 - 12.55%
Market Performance
(Post-Tax on Fund Distributions and Shares Sold)
0.44% 2.06% 6.36% 9.55% 40.25% 9.55% 13.06 - 10.66%

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.

After-tax returns are calculated using the highest individual federal income tax rates in effect at the time of each distribution, and do not reflect the impact of state and local taxes. After-tax returns for most funds are calculated using the tax liability implied by each of their respective declared distributions. However, the exact tax characteristics of many distributions aren't known until after the close of the calendar year. When accounting for the return of capital, the system uses the pro-rata method to reduce cost basis. The pre-liquidation return is identical to a standard rate of return except when reinvesting the distributions, we must first reduce the reinvestment amount of each component of the distribution by the appropriate tax rate. Post-liquidation returns may be adversely impacted by an investor's deferred tax liabilities.

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 12/31/2025)
Distribution Frequency Monthly
Distribution Rate 12.04%
12-Month Trailing Distribution Rate 11.60%
Distribution Amount / Share ($) $0.5316
Distribution Amount / Share (%) 1.00%
30-Day SEC Yield 0.54%
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
01/20/2026 01/21/2026 01/21/2026 01/23/2026 $0.5309
02/17/2026 02/18/2026 02/18/2026 02/20/2026
03/17/2026 03/18/2026 03/18/2026 03/20/2026
04/21/2026 04/22/2026 04/22/2026 04/24/2026
05/19/2026 05/20/2026 05/20/2026 05/22/2026
06/15/2026 06/16/2026 06/16/2026 06/18/2026
07/21/2026 07/22/2026 07/22/2026 07/24/2026
08/18/2026 08/19/2026 08/19/2026 08/21/2026
09/15/2026 09/16/2026 09/16/2026 09/18/2026
10/20/2026 10/21/2026 10/21/2026 10/23/2026
11/17/2026 11/18/2026 11/18/2026 11/20/2026
12/15/2026 12/16/2026 12/16/2026 12/18/2026
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
01/21/2025 01/22/2025 01/22/2025 01/24/2025 $0.5167
02/25/2025 02/26/2025 02/26/2025 02/28/2025 $0.5142
03/25/2025 03/26/2025 03/26/2025 03/28/2025 $0.5065
04/22/2025 04/23/2025 04/23/2025 04/25/2025 $0.4616
05/20/2025 05/21/2025 05/21/2025 05/23/2025 $0.5063
06/24/2025 06/25/2025 06/25/2025 06/27/2025 $0.5047
07/22/2025 07/23/2025 07/23/2025 07/25/2025 $0.5112
08/19/2025 08/20/2025 08/20/2025 08/22/2025 $0.5176
09/23/2025 09/24/2025 09/24/2025 09/26/2025 $0.5270
10/21/2025 10/22/2025 10/22/2025 10/24/2025 $0.5268
11/25/2025 11/26/2025 11/26/2025 11/28/2025 $0.5216
12/23/2025 12/24/2025 12/24/2025 12/26/2025 $0.5316
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
01/23/2024 01/25/2024 01/24/2024 01/26/2024 $0.4896
02/20/2024 02/22/2024 02/21/2024 02/23/2024 $0.4967
03/19/2024 03/21/2024 03/20/2024 03/22/2024 $0.5014
04/23/2024 04/25/2024 04/24/2024 04/26/2024 $0.4892
05/21/2024 05/23/2024 05/22/2024 05/24/2024 $0.4997
06/25/2024 06/26/2024 06/26/2024 06/27/2024 $0.5051
07/23/2024 07/24/2024 07/24/2024 07/25/2024 $0.5088
08/20/2024 08/21/2024 08/21/2024 08/22/2024 $0.5564
09/24/2024 09/25/2024 09/25/2024 09/26/2024 $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 $0.5164
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
01/24/2023 01/25/2023 01/26/2023 01/27/2023 $0.4755
02/22/2023 02/23/2023 02/24/2023 02/27/2023 $0.4716
03/21/2023 03/22/2023 03/23/2023 03/24/2023 $0.4660
04/25/2023 04/26/2023 04/27/2023 04/28/2023 $0.4823
05/23/2023 05/24/2023 05/25/2023 05/26/2023 $0.4865
06/21/2023 06/22/2023 06/23/2023 06/26/2023 $0.4966
07/25/2023 07/26/2023 07/27/2023 07/28/2023 $0.5047
08/22/2023 08/23/2023 08/24/2023 08/25/2023 $0.4864
09/19/2023 09/20/2023 09/21/2023 09/22/2023 $0.4895
10/24/2023 10/25/2023 10/26/2023 10/27/2023 $0.4650
11/21/2023 11/22/2023 11/24/2023 11/27/2023 $0.4783
12/19/2023 12/20/2023 12/21/2023 12/22/2023 $0.4849
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
09/20/2022 09/21/2022 09/22/2022 09/23/2022 $0.4853
10/25/2022 10/26/2022 10/27/2022 10/28/2022 $0.4647
11/22/2022 11/23/2022 11/25/2022 11/28/2022 $0.4782
12/22/2022 12/23/2022 12/27/2022 12/28/2022 $0.4615

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.

Form 8937 – Report of Organizational Actions Affecting Basis of Securities

To facilitate tax basis reporting, since January 2012, the Internal Revenue Service has required certain securities activity to be reported on Form 8937.

For more information, consult with a tax professional and/or your financial professional.

Top Holdings

Data as of 01/23/2026   Download Full Holdings

Security Name Identifier Weighting (%)
Nvidia Corp NVDA 7.70%
Apple Inc AAPL 6.30%
Microsoft Corp MSFT 5.75%
Amazon.com Inc AMZN 3.89%
Alphabet Inc GOOGL 3.28%
Alphabet Inc GOOG 2.64%
Broadcom Inc AVGO 2.62%
Meta Platforms Inc META 2.41%
Tesla Inc TSLA 2.17%
Berkshire Hathaway Inc BRK/B 1.53%

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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