NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces July monthly distribution amounts for their suite of ETFs that pursue monthly income and tax efficiency across core portfolio exposures.
ETF distribution information as of the July 2024 Ex-Div Date (7/24/2024)
|
Distribution Rate* |
Amount / Share (%) |
Amount / Share ($) |
Distribution Frequency |
30-Day SEC Yield |
Nasdaq-100 High Income ETF (QQQI) |
14.96% |
1.25% |
$0.6186 |
Monthly |
0.20% |
Russell 2000 High Income ETF (IWMI) |
--% |
1.17% |
$0.6016 |
Monthly |
--% |
S&P 500 High Income ETF (SPYI) |
12.34% |
1.03% |
$0.5088 |
Monthly |
0.80% |
Enhanced Income 1-3 Month T-Bill ETF (CSHI) |
5.55% |
0.46% |
$0.2297 |
Monthly |
5.02% |
Enhanced Income Aggregate Bond ETF (BNDI) |
5.20% |
0.43% |
$0.2039 |
Monthly |
2.90% |
The July distribution payable date is 7/25/2024 for shareholders of record on or before 7/24/2024.
About NEOS Investments: Founded in 2022, NEOS Investments offers ETFs that aim to deliver the next evolution of options strategies, where seeking income is the outcome. Built on decades of research and experience, NEOS ETFs aim to empower investors with portfolio building blocks that provide monthly income, tax efficiency, and diversification through data-driven options-based ETFs.
The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. Standardized performance current to the most recent month-end and quarter-end can be obtained by visiting any of the corresponding ETF funds pages by clicking on their ticker: SPYI | QQQI | IWMI | BNDI | CSHI or calling 866.498.5677.
ETF Expense Ratios: SPYI, QQQI, and IWMI = 0.68% | BNDI = 0.58% | CSHI = 0.38%
*The Distribution Rate is the annual yield an investor would receive if the most recently declared distribution, which includes option income, remained the same going forward. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. Distributions are not guaranteed.
**30-day SEC Yield is calculation based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30-day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield. It is important to note that 30-Day SEC Yield does not include for income received from option selling.
Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866) 498-5677 or view/download a prospectus by clicking on the corresponding ETF ticker: SPYI | QQQI | IWMI | BNDI | CSHI. Please read the prospectus carefully before you invest.
An investment in NEOS ETFs involves risk, including possible loss of principal. The equity securities purchased by the Funds may involve large price swings and potential for loss. Investments in smaller companies typically exhibit higher volatility. Investors in the ETFs should be willing to accept a high degree of volatility in the price of fund shares and the possibility of significant losses.
The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund’s gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. The funds are new with a limited operating history.
The information on this website does not constitute investment advice or a recommendation of any products, strategies, or services. Investors should consult with a financial professional regarding their individual circumstances before making investment decisions. NEOS Investments or its affiliates, nor Foreside Fund Services, LLC, or its affiliates accept any responsibility for loss arising from the use of the information contained herein.
NEOS ETFs are distributed by Foreside Fund Services, LLC.
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