Summary
SPYI Chart
What XYLD, SPYI, and QYLD Actually Pay Per Share, and What That Income Costs You in Principal
Three popular covered call ETFs deposit a check every single month, but the share price sitting beneath that income tells a very different story about what investors are actually keeping.
An $800,000 SPYI Portfolio Could Fall Below $350,000 by Age 67
An $800,000 stake in SPYI looks like the perfect bridge to Social Security at 67, but the math behind a simple $8,000 monthly withdrawal tells a far more uncomfortable story about sequence risk and covered-call caps.
SPYI: A Buy For A Market With Less Room For Error
The NEOS S&P 500 High Income ETF is rated a 'Buy' for income-focused investors seeking reliable cash flow with broad equity exposure. SPYI's options overlay generates a 12.15% annualized distribution rate, trading some upside for consistent monthly income and potential tax advantages. Elevated valuations, high interest rates, and energy risks support a preference for SPYI over SPY if market returns moderate and leadership rotates.
NEOS S&P 500 High Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 46,455 | $2.33M | $2.5M | $171,584.72 | 7.38% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 100,642 | $5.34M | $5.42M | $73,492.44 | 1.38% |
| PB Patricia Buchholtz ECLECTIC ASSOCIATES Inc. /ADV | 10,080 | $530,596.8 | $542,152.8 | $11,556 | 2.18% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 18,617 | $931,139.37 | $1M | $70,827.57 | 7.61% |
| MA mason adams PVG ASSET MANAGEMENT Corp. | 46,032 | $2.31M | $2.48M | $165,221.03 | 7.15% |
NEOS S&P 500 High Income ETF (SPYI) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has NEOS S&P 500 High Income ETF ever had a stock split?
NEOS S&P 500 High Income ETF Profile
| BATS Exchange | US Country |
Overview
The fund is a distinctive actively-managed Exchange Traded Fund (ETF) that specifically aims to meet its investment objective through a dual strategy focused on equity and options. This fund builds its core by investing in a broad portfolio of stocks precisely mirroring the S&P 500® Index. This composition ensures a solid foundation in well-established companies that constitute the significant part of the U.S. stock market. In parallel, the fund adopts a sophisticated call options strategy to potentially enhance its returns and manage risk. This strategy involves a balance between written (sold) and long (bought) call options on the S&P 500® Index itself, providing a unique approach to equity investment through the strategic use of derivatives. The intent is to capture growth opportunities in the market while seeking to offer some level of protection against downturns through the covered call options, which may be included under certain conditions. This blend of direct stock investments and careful options trading forms the core of the fund's operation, targeting investors who are keen on S&P 500® exposure complemented by the potential income and hedging benefits of options strategies.
Products and Services
- Portfolio of Stocks from the S&P 500® Index
- Call Options Strategy
This product focuses on acquiring shares from a broad spectrum of companies included in the S&P 500® Index. The intent is to replicate the performance of this major U.S. stock market index, which comprises large-cap U.S. equities. By investing in a diversified portfolio that reflects the Index, the fund aims to provide steady growth potential to its investors over time.
The call options strategy employed by the fund is multifaceted, consisting of both written (sold) and long (bought) positions on the S&P 500® Index. This approach is designed to enhance the fund's income through premiums received on written options, while bought call options may offer leveraged exposure to potential index gains. In specific market conditions, the fund may also engage in covered call options, aiming to generate additional income while offering a hedge against potential declines in the underlying stock portfolio. This strategy seeks to balance risk and return by leveraging options in a way that complements the fund's equity holdings.
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