Neos Enhanced Income Cash Alternative ETF (HYBI)
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2 NEOS ETFs That I'd Never Buy
Option overlay funds (mostly covered call ETFs) play a critical role in my income-oriented portfolio. Through these vehicles I can enhance my overall portfolio yield and obtain exposure to asset classes that tend to be underrepresented in income portfolios. In this context, NEOS Investments vehicles are my favorites.
HYBI: High Yield Bond Fund With Options Overlay
NEOS Enhanced Income Credit Select ETF is rated Hold for income-focused investors seeking alternatives to traditional high-yield credit. HYBI offers an 8.4% forward yield, tax efficiency via 1256 contracts, and professional options management, but lacks long-term public history under NEOS. The ETF provides diversification through three bond ETFs and an options overlay, with a relatively low 0.68% expense ratio.
HYBI: An Adequate Hold For Income
NEOS Enhanced Income Credit Select ETF offers high-yield income by investing in high-yield bond ETFs and writing SPX put spreads. HYBI currently yields 8-9% with monthly distributions, but its portfolio leans toward riskier, below-investment-grade bonds. The fund's expense ratio is capped at 0.68%, and its performance is closely tied to the health of high-yield credit markets.
Neos Enhanced Income Cash Alternative ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 5,985 | $295,765.9 | $293,863.5 | -$1,902.4 | -0.64% |
 Kristy DeJarnette Financial Security Advisor, Inc. | 2.11M | $108.87M | $103.32M | -$5.55M | -5.1% |
| RM Rich Mowrer Brookwood Investment Group LLC | 34,449 | $1.72M | $1.69M | -$34,396.74 | -2% |
Neos Enhanced Income Cash Alternative ETF (HYBI) FAQ
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Neos Enhanced Income Cash Alternative ETF Profile
| NASDAQ (NMS) Exchange | US Country |
