Key stats
About NEOS S&P 500 High Income ETF
Home page
Inception date
Aug 30, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Neos Investment Management LLC
Distributor
Foreside Fund Services LLC
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
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
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.
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Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SPYI trades at 49.02 USD today, its price has risen 0.02% in the past 24 hours. Track more dynamics on SPYI price chart.
SPYI net asset value is 49.03 today — it's risen 4.89% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SPYI assets under management is 3.65 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
SPYI price has risen by 5.03% over the last month, and its yearly performance shows a −0.81% decrease. See more dynamics on SPYI price chart.
NAV returns, another gauge of an ETF dynamics, showed a −0.29% decrease in three-month performance and has increased by 11.79% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −0.29% decrease in three-month performance and has increased by 11.79% in a year.
SPYI fund flows account for 2.36 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SPYI invests in stocks. See more details in our Analysis section.
SPYI expense ratio is 0.68%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SPYI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SPYI technical analysis shows the buy rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPYI shows the sell signal. See more of SPYI technicals for a more comprehensive analysis.
Today, SPYI technical analysis shows the buy rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SPYI shows the sell signal. See more of SPYI technicals for a more comprehensive analysis.
Yes, SPYI pays dividends to its holders with the dividend yield of 12.54%.
SPYI trades at a premium (0.02%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SPYI shares are issued by NEOS Investments LLC
SPYI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 30, 2022.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.