NEOS S&P 500 High Income ETFNEOS S&P 500 High Income ETFNEOS S&P 500 High Income ETF

NEOS S&P 500 High Income ETF

No trades
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Key stats


Assets under management (AUM)
‪2.19 B‬USD
Fund flows (1Y)
‪1.67 B‬USD
Dividend yield (indicated)
11.56%
Discount/Premium to NAV
0.4%

About NEOS S&P 500 High Income ETF


Issuer
Neos Investments LLC
Brand
Neos
Expense ratio
0.68%
Home page
Inception date
Aug 30, 2022
Index tracked
No Underlying Index
Management style
Active
SPYI holds the individual stocks of the S&P 500 Index (SPX) combined with a call spread strategy. The fund seeks to generate high monthly income through dividends from stocks and premiums from SPX call options. Using a call spread approach, the fund expects to generate a net credit through the sale of call options costing more than long out-of-the-money call options. The fund aims to take advantage of index option futures contracts, that have lower 60/40 tax rates than listed options. Any futures contracts held at year-end are treated as if sold at fair market value on the last business day of the tax year. 60% of capital gains or losses are taxed at the lower long-term capital gains rate and 40% at the ordinary tax rate. Although the fund typically uses a replication strategy, the fund is actively managed. As such, the fund adviser may actively trade call options prior to expiration to manage tax loss harvesting opportunities.

Classification


Asset Class
Equity
Category
Size and style
Focus
Large cap
Niche
Broad-based
Strategy
Active
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Technology Services
Finance
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.