# NEOS S&P 500 Hedged Equity Income ETF (SPYH): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/spyh for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Neos · Asset class: Equity - Strategy: Passive Index · Inception: 2025-04-02 The NEOS S&P 500 Hedged Equity Income ETF (SPYH) aims to provide investors with significant monthly payouts. This investment vehicle is structured to deliver these distributions in a tax-optimized way, while also incorporating safeguards to help reduce exposure to potential market declines. ## Key Facts | Metric | Value | |---|---| | Price | $56.15 | | Expense Ratio | 0.68% | | Assets Under Management | $36.1M | | NAV | $56.40 | | Holdings Count | 0 | | Distribution Yield (TTM) | 7.71% | | Annual Distribution (TTM) | $4.33 /share | | Distribution Frequency | Monthly | | 52-Week Range | $51.56 – $57.38 | | Beta | 0.58 | ## Latest Distribution - Amount: $0.3710 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does SPYH invest in? The NEOS S&P 500 Hedged Equity Income ETF (SPYH) aims to provide investors with significant monthly payouts. This investment vehicle is structured to deliver these distributions in a tax-optimized way, while also incorporating safeguards to help reduce exposure to potential market declines. ### What is the expense ratio of SPYH? NEOS S&P 500 Hedged Equity Income ETF (SPYH) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations. ### What is SPYH's dividend yield? SPYH's trailing-twelve-month yield is 7.71%, calculated from the sum of dividends over the past year divided by the current price. ### How big is SPYH? NEOS S&P 500 Hedged Equity Income ETF (SPYH) manages $36.1M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is SPYH actively managed or an index fund? SPYH is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (SPYH's is 0.68%) because there's no security selection cost. ### When was SPYH launched? NEOS S&P 500 Hedged Equity Income ETF (SPYH) launched in April 2025 and is managed by Neos. ### Does SPYH pay a dividend? Yes, NEOS S&P 500 Hedged Equity Income ETF (SPYH) distributes dividends to shareholders. The trailing-twelve-month yield is 7.71%. Full dividend history is on this page. ### How often does SPYH pay dividends? NEOS S&P 500 Hedged Equity Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is SPYH's next ex-dividend date? The most recently announced ex-dividend date for SPYH was 2026-09-23. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will SPYH's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.68% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does SPYH charge its expense ratio? The expense ratio is deducted in tiny daily slices from SPYH's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does SPYH cost more than a fund like VOO? SPYH is a passive index fund (current expense ratio 0.68%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to SPYH? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as SPYH (0.68%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/spyh - Distribution history: https://www.dividenddata.com/funds/spyh/dividend - Holdings & diversification: https://www.dividenddata.com/funds/spyh/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/spyh/expenses - Peer comparison: https://www.dividenddata.com/funds/spyh/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.