Neos S&P 500(R) High Income ETF

Frequently Asked Questions About SPYI

What does SPYI invest in?

The NEOS S&P 500 High Income ETF seeks high monthly income in a tax efficient manner, with the potential for upside appreciation in rising markets.

What is the expense ratio of SPYI?

Neos S&P 500(R) High Income ETF (SPYI) charges an expense ratio of 0.68%. This is the annual fee deducted from fund assets to cover management and operations.

What is SPYI's distribution yield?

SPYI's trailing-twelve-month yield is 11.64%, calculated from the sum of distributions over the past year divided by the current price.

How does SPYI's covered-call strategy work?

SPYI sells call options against the stocks (or index) it holds, collecting premium income that gets passed through to shareholders as distributions. The strategy generates above-market income in flat or rising markets but caps upside — when the underlying rallies past the strike, the gains above the strike go to the option buyer, not the fund.

How big is SPYI?

Neos S&P 500(R) High Income ETF (SPYI) manages $11.35B 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 SPYI actively managed or an index fund?

SPYI's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.