NEOS S&P 500 High Income ETF (SPYI)
| Assets | $2.53B |
| Expense Ratio | 0.68% |
| PE Ratio | 26.41 |
| Shares Out | 49.51M |
| Dividend (ttm) | $6.09 |
| Dividend Yield | 11.78% |
| Ex-Dividend Date | Nov 20, 2024 |
| Payout Ratio | 311.05% |
| 1-Year Return | +6.34% |
| Volume | 991,177 |
| Open | 50.99 |
| Previous Close | 51.15 |
| Day's Range | 50.82 - 52.04 |
| 52-Week Low | 46.38 |
| 52-Week High | 52.78 |
| Beta | 0.69 |
| Holdings | 508 |
| Inception Date | Aug 30, 2022 |
About SPYI
Fund Home PageThe NEOS S&P 500 High Income ETF (SPYI) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for tax-efficient and high monthly income by actively investing in stocks and options on the S&P 500 Index. The fund employs a call spread approach that uses SPX index option futures contracts. SPYI was launched on Aug 30, 2022 and is issued by Neos.
Top 10 Holdings
37.30% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 7.45% |
| Microsoft Corporation | MSFT | 6.51% |
| NVIDIA Corporation | NVDA | 6.36% |
| Amazon.com, Inc. | AMZN | 4.12% |
| Meta Platforms, Inc. | META | 2.61% |
| Tesla, Inc. | TSLA | 2.48% |
| Alphabet Inc. | GOOGL | 2.26% |
| Broadcom Inc. | AVGO | 2.04% |
| Alphabet Inc. | GOOG | 1.82% |
| Berkshire Hathaway Inc. | BRK.B | 1.64% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 20, 2024 | $0.5206 | Nov 21, 2024 |
| Oct 23, 2024 | $0.5196 | Oct 24, 2024 |
| Sep 25, 2024 | $0.5147 | Sep 26, 2024 |
| Aug 21, 2024 | $0.5564 | Aug 22, 2024 |
| Jul 24, 2024 | $0.5088 | Jul 25, 2024 |
| Jun 26, 2024 | $0.5051 | Jun 27, 2024 |
News
Dividend Harvesting Portfolio Week 197: $19,700 Allocated, $1,889.19 In Projected Dividends
This week saw market gains and a slight decline in my Dividend Harvesting Portfolio, emphasizing the importance of staying grounded and vigilant in investing. The portfolio's profitability stands at 2...
SPYI: A 12% Yield With A Nice Tax Treatment
NEOS S&P 500 High Income ETF offers a high yield through a covered-call strategy, appealing to income-focused investors despite underperforming the S&P 500 in total return. SPYI exhibits lower volatil...
Dividend Harvesting Portfolio Week 196: $19,600 Allocated, $1,876.88 In Projected Dividends
The S&P 500 is projected to finish between 6,700 and 7,200 in 2025, driven by lower Fed rates and potential corporate tax cuts. The Dividend Harvesting Portfolio reached new all-time highs with a 29.0...
SPYI: Well Managed Fund Relative To Alternatives
SPYI is a well-managed fund that outperforms peers over the long term from a total return perspective and offers a fantastic yield for income investors to enjoy. SPYI's atypical strategy allows them t...
NEOS Investments Announces November ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces November monthly distribution amounts for their...
Dividend Harvesting Portfolio Week 194: $19,400 Allocated, $1,855.76 In Projected Dividends
Market volatility post-election and Fed Chair Powell's remarks led to declines in major indices and specific stocks like Pfizer and Coca-Cola. Diversification in my Dividend Harvesting Portfolio mitig...
Investors Flock to SPYI's 12% Distribution Rate
Options-based income strategies proved their worth in the last few years, adding diversification and a differentiated source of income generation. The NEOS S&P 500 High Income ETF (SPYI) remains a pop...
Beyond the Behemoths: Smaller ETF Standouts of 2024
Markets have weathered a flurry of catalysts in 2024. These include a surprisingly strong U.S. economy, global election super-cycle, major pivot in rate policy, and continued geopolitical unrest.
Dividend Harvesting Portfolio Week 193: $19,300 Allocated, $1,844.97 In Projected Dividends
The Dividend Harvesting Portfolio rebounded strongly post-election, with profitability increasing by $688.50, resulting in a 27.13% return on invested capital. I added to positions in Realty Income, S...
Your Volatility Play This Election & Beyond
Markets and investors anxiously await election results as U.S. voting continues today. Whichever way the presidential election goes, advisors and investors anticipate enhanced short-term volatility.
Retirement Income Machines: SPYI And 2 Big Yields
SPYI has a lot to offer as a core retirement dividend income holding. We discuss its two biggest weaknesses. We share two big dividend stocks that can be combined with SPYI to remedy its weaknesses wh...
SPYI Vs. JEPI: Which Of These 7% - 12% Yielding Funds Is The Better Buy?
JEPI offers a conservative risk profile with a stable ~7% yield, making it one of the better 'high income' ETFs on the market. SPYI's unique strategy of purchasing OTM calls boosts upside potential vs...
Boost Your Portfolio's Tax Efficiency With NEOS ETFs
As the end of the year draws closer, advisors and investors increasingly seek to optimize their portfolio's tax efficiency. The NEOS High Income ETF suite is worth consideration, providing exposure ac...
Your Income Playbook for 2024 and Beyond
In a sea of options-based strategies, standing out may prove challenging for some firms. However, that's not the case for NEOS Investments, a firm that brings a long history of options-based experienc...
Are dividend ETFs like QYLD, XYLD, and SPYI worth it?
Active Exchange Traded Funds (ETFs) are booming, with companies like JPMorgan, Goldman Sachs, and Global X fighting to gain market share in the industry. Data shows that these active funds, which oft...
Dividend Harvesting Portfolio Week 188: $18,800 Allocated, $1,764.21 In Projected Dividends
The Dividend Harvesting Portfolio hit new highs, generating $1,764.21 in forward dividend income, with a 24.70% return on invested capital. Added to NEOS S&P 500 High Income ETF and NEOS Nasdaq-100 Hi...
SPYI: Buy This For The 12% Target Distributions
SPYI's dynamic options strategy aims for a 12% distribution rate, balancing income and capital appreciation, but sacrifices some total returns compared to other funds. The fund's flexible approach adj...
SPYI Is Generating An 11.59% Yield And Upside That Can Continue
The Neos S&P 500 High Income ETF (SPYI) offers double-digit yields and some upside participation, making it attractive for income investors amid rate cuts. SPYI's strategy involves writing covered cal...
SPYI Offers No Compelling Benefit Over Other Covered Call ETFs
Exploring the nuances of the Neos S&P 500 High Income ETF (SPYI), I've concluded there's little appeal to holding this ETF. SPYI's exposures may suit some investor portfolios, but the strategy limits ...
SPYI: Proving That You Can Get The Best Of Both Worlds
Neos S&P 500 High Income ETF (SPYI) offers high monthly income and potential for capital appreciation through a unique option strategy. SPYI offers a dividend yield of about 11.7% and distributions ar...
NEOS Investments Announces August ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces August monthly distribution amounts for their s...
7%-Yielding Dividend Portfolio From SPYI And 3 Other Funds
Building a passive income stream from dividend stocks requires significant time and effort for proper diversification and analysis. Busy professionals and retirees may opt for ETF investing or researc...
Dividend Harvesting Portfolio Week 177: $17,700 Allocated, $1,594.04 In Projected Dividends
Markets experienced a rotation out of tech stocks, IT departments panicked due to cybersecurity bug, S&P 500 closed down -2.41%. Dividend Harvesting Portfolio saw record-breaking week, generated $33.4...
SPYI: Not The Right Time To Buy, ISPY Is A Better Income Alternative
S&P 500 is currently in a big correction. The options income EFT with S&P 500 underlying will perform differently. SPYI sells covered calls off S&P 500 index via SPX to create income. It has no downsi...
Dividend Harvesting Portfolio Week 176: $17,600 Allocated, $1,580.69 In Projected Dividends
Dividend Harvesting Portfolio hits new records with highest account balance, largest ROI, and most dividend income since inception. Portfolio is well positioned for future with projected $1,800 in for...