Neos S&P 500(R) High Income ETF
SPYI
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
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
- Aug 30, 2022
- Website
- neosfunds.com
- Similar Companies
- Business
- Neos S&P 500 High Income ETF (SPYI) is an actively managed exchange-traded fund that seeks high monthly income on a tax-efficient basis, coupled with the potential for equity appreciation tied to the S&P 500 Index; it achieves this through a portfolio replicating S&P 500 constituents overlaid with a data-driven call spread options strategy utilizing SPX index options, including selling short calls to generate premium income largely classified as return of capital (97% in recent distributions). The fund offers monthly distributions at a trailing 12-month rate of approximately 11.70%, a 30-day SEC yield of 0.54%, and exposure to leading holdings such as Nvidia Corp (7.31%), Apple Inc (7.05%), and Microsoft Corp (6.19%); it trades on the CBOE with a gross expense ratio of 0.68% and gross assets exceeding $3 billion as of late 2025. Launched on August 30, 2022, SPYI operates under NEOS Investments LLC, headquartered in Westport, Connecticut, which specializes in options-based ETFs, separately managed accounts, and custom solutions focused on income generation, tax efficiency via Section 1256 contracts, and lower correlation to traditional market risks. NEOS Investments, founded in 2022, manages SPYI as part of its suite of tax-aware, income-oriented ETFs targeting retail and institutional investors seeking core equity alternatives with enhanced yield; the firm serves U.S. markets primarily through exchange-listed products and provides geographic exposure mirroring the S&P 500's large-cap composition across global operations. In December 2024, NEOS announced a strategic investment from Aretex Capital Partners alongside ETF industry veterans Andrew Feller, David Badham, and Tom Lydon to bolster growth, client focus, and education on options-based income strategies. The firm continues regular monthly distribution announcements, with November 2025 payouts reflecting sustained income delivery amid market volatility.