NEOS S&P 500 Hedged Equity Income ETF
SPYH
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 15601 Dallas Parkway, Suite 510 Addison TX United States of America 75001
- IPO Date
- Apr 3, 2025
- CIK
- 0001848758
- Website
- neosfunds.com
- Similar Companies
- Business
- NEOS ETF Trust - NEOS S&P 500 Hedged Equity Income ETF (SPYH) is an actively managed exchange-traded fund that seeks high monthly income in a tax-efficient manner with a measure of downside protection by investing in a portfolio of stocks included in the S&P 500 Index and employing a put spread options collar strategy on the S&P 500 Index, consisting of written call options, long put options, and written put options typically with approximately six-week expirations that are rolled periodically; the fund generates income primarily from dividends on its equity holdings and premiums from the options collar, with distributions classified largely as return of capital for tax efficiency under Section 1256 contracts benefiting from 60/40 tax treatment. SPYH, which trades on the Cboe BZX Exchange under ticker SPYH with CUSIP 78433H568 and an expense ratio of 0.68%, holds approximately 490 large-cap U.S. equity securities spanning diversified sectors, with top holdings including NVIDIA Corp, Apple Inc, and Microsoft Corp as of late 2025; it targets investors seeking income-focused exposure to the U.S. large-cap equity market with hedging against downside risk, positioning as a complement to high-income ETFs like the sponsor's SPYI. Launched on April 2, 2025, and domiciled in the United States with net assets of approximately $18 million as of December 2025, SPYH operates under NEOS ETF Trust, managed by NEOS Investments headquartered in Westport, Connecticut, a firm founded in 2022 specializing in options-based income ETFs. Recent developments include consistent monthly distributions escalating from $0.2559 per share in April 2025 to $0.3549 in November 2025, reflecting a distribution rate of 7.75% and 30-day SEC yield of 0.56% as of late 2025, alongside integration into NEOS Investments' expanding suite of over 15 options-based ETFs launched through 2025, such as the September 2025 debut of NIHI MSCI EAFE High Income ETF and December 2025 launches of NLSI Long/Short Equity Income ETF and NEHI Ethereum High Income ETF, with no reported acquisitions, partnerships, or reorganizations specific to SPYH.