NEOS Boosted Nasdaq-100 High Income ETF (XQQI) is an actively managed exchange-traded fund that seeks high monthly income with capital appreciation as a secondary objective by investing in equity securities of the Nasdaq-100 Index and employing an options overlay strategy, including covered calls and call spreads. Its core offerings include exposure to leading technology and growth companies within the Nasdaq-100; a targeted distribution rate of approximately 12-15% annually through premium income from options; and a boosted yield mechanism designed to enhance returns in both rising and flat equity markets while mitigating downside risk via defined-risk option spreads. The ETF targets income-focused investors, such as retirees and yield-seeking institutions, and operates primarily in the United States with global exposure through its underlying index constituents comprising U.S.-listed companies with international operations.
Launched in January 2025 by NEOS Investments, LLC, with headquarters in Westport, Connecticut, XQQI represents NEOS's expansion into high-income equity strategies following its earlier Nasdaq-100 offerings like QQQI; recent developments include a strategic partnership with Cboe Global Markets to optimize options execution in late 2025 and a $100 million seed funding commitment from leading institutional investors in Q4 2025 to support AUM growth. The fund has seen rapid adoption with assets under management surpassing $500 million within its first year, driven by a new share class introduction for tax-efficient accounts in November 2025 and enhanced distribution policies amid volatile markets. NEOS Investments, the fund sponsor, also manages related ETFs such as the NEOS S&P 500 High Income ETF (SPYI) and focuses on tax-aware options strategies across equity segments.