Key stats
About NEOS S&P 500 High Income ETF
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Inception date
Aug 30, 2022
Structure
Open-Ended Fund
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Technology Services
Finance
Stocks99.66%
Electronic Technology20.17%
Technology Services19.66%
Finance15.86%
Health Technology8.86%
Retail Trade8.27%
Consumer Non-Durables4.22%
Producer Manufacturing3.11%
Consumer Services3.00%
Utilities2.91%
Energy Minerals2.63%
Consumer Durables2.16%
Transportation1.58%
Health Services1.52%
Process Industries1.43%
Communications1.12%
Industrial Services0.86%
Distribution Services0.85%
Commercial Services0.79%
Non-Energy Minerals0.43%
Miscellaneous0.04%
Bonds, Cash & Other0.34%
Mutual fund0.56%
Cash0.01%
Rights & Warrants−0.22%
Stock breakdown by region
North America97.34%
Europe2.66%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history