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
Stocks101.85%
Electronic Technology20.59%
Technology Services20.51%
Finance15.27%
Retail Trade8.02%
Health Technology7.89%
Consumer Non-Durables4.00%
Producer Manufacturing3.24%
Consumer Services2.97%
Utilities2.64%
Energy Minerals2.51%
Consumer Durables2.35%
Transportation2.10%
Health Services1.42%
Process Industries1.38%
Communications1.05%
Industrial Services0.99%
Commercial Services0.98%
Distribution Services0.52%
Non-Energy Minerals0.41%
Miscellaneous0.03%
Bonds, Cash & Other−1.85%
Mutual fund1.16%
Cash−0.79%
Rights & Warrants−2.23%
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
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SPYI invests in stocks. The fund's major sectors are Electronic Technology, with 21.21% stocks, and Technology Services, with 21.13% of the basket. The assets are mostly located in the North America region.
SPYI top holdings are Microsoft Corporation and NVIDIA Corporation, occupying 7.02% and 6.72% of the portfolio correspondingly.
SPYI last dividends amounted to 0.51 USD. The month before, the issuer paid 0.46 USD in dividends, which shows a 8.83% increase.
SPYI assets under management is 3.63 B USD. It's risen 16.49% over the last month.
SPYI fund flows account for 2.26 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.
Yes, SPYI pays dividends to its holders with the dividend yield of 12.65%. The last dividend (May 23, 2025) amounted to 0.51 USD. The dividends are paid monthly.
SPYI shares are issued by NEOS Investments LLC under the brand Neos. The ETF was launched on Aug 30, 2022, and its management style is Active.
SPYI expense ratio is 0.68% meaning you'd have to pay 0.68% of your investment to help manage the fund.
SPYI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SPYI invests in stocks.
SPYI price has risen by 8.29% over the last month, and its yearly performance shows a −2.00% decrease. See more dynamics on SPYI price chart.
NAV returns, another gauge of an ETF dynamics, showed a −2.59% decrease in three-month performance and has increased by 12.03% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −2.59% decrease in three-month performance and has increased by 12.03% in a year.
SPYI trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.