Neos Enhanced Income Aggregate Bond ETF
BNDI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 15601 Dallas Parkway, Suite 510 Addison TX United States of America 75001
- IPO Date
- Aug 30, 2022
- Website
- neosfunds.com
- Similar Companies
- Business
- Neos Enhanced Income Aggregate Bond ETF (NYSE Arca: BNDI) is an actively managed exchange-traded fund that seeks to generate tax-efficient monthly income through exposure to the U.S. aggregate bond market combined with a data-driven options overlay strategy. The fund invests primarily in fixed income securities and exchange-traded funds tracking the Bloomberg U.S. Aggregate Bond Index, such as Vanguard Total Bond Market ETF (BND) and iShares Core U.S. Aggregate Bond ETF (AGG), which together comprise approximately 99% of holdings; it employs S&P 500 Index put options classified as Section 1256 contracts to enhance yield and facilitate tax loss harvesting, with distributions often comprising 70-72% return of capital, option premiums, dividends, capital gains, and interest. Launched on August 30, 2022, and listed on the NYSE Arca exchange, BNDI features a net expense ratio of 0.58%, monthly distribution frequency with a recent rate of 5.77% and 30-day SEC yield of 3.29% (as of December 2025), and targets investors seeking core fixed income with lower correlation to traditional market risks like credit, duration, and inflation. NEOS ETF Trust, the registrant for BNDI, operates under NEOS Investments LLC, an ETF issuer founded in 2022 and headquartered in Westport, Connecticut; the firm specializes in options-based income ETFs across segments including high income equity, fixed income, credit select, Treasury bills, real estate, gold, Bitcoin, and energy infrastructure. NEOS Investments serves U.S. investors through a suite of over 15 ETFs emphasizing tax efficiency via Section 1256 contracts and return-of-capital distributions, with total assets under management exceeding $15 billion across its lineup as of late 2025. In December 2024, NEOS Investments received a strategic investment from Aretex Capital Partners along with ETF industry veteran Tom Lydon, bolstering its growth in options-based income strategies; the firm expanded its product offerings in 2025 with launches including NIHI (MSCI EAFE High Income ETF) in September, NLSI (Long/Short Equity Income ETF) in December, and others like SPYH and IAUI, while earning recognition as the Best Option Strategies ETF Issuer in 2025 with over $11 billion in assets. In November 2025, NEOS was honored for its innovative tax-efficient solutions amid rapid AUM growth from $82 million for BNDI in early 2025 to $125 million by mid-December. The firm continues to prioritize investor education on derivatives and income generation without noted acquisitions, name changes, or operational shifts beyond portfolio expansions.