NEOS Investments Announces December ETF Suite Distributions Across Multiple Funds
NEOS Investments, a leading asset management firm specializing in options-based ETFs, has released the December 2024 monthly distribution details for its innovative suite of funds. These ETFs are designed to deliver monthly income, tax efficiency, and diversification for investors across core portfolio exposures.
Distribution Summary for December 2024
The following table highlights the key metrics for NEOS ETFs, including distribution amounts, frequency, and annualized yields as of the December 2024 ex-dividend date (12/24/2024):
| ETF Name | Distribution Rate (% Annualized) | Amount/Share (%) | Amount/Share ($) | Frequency | 30-Day SEC Yield (%) |
|---|---|---|---|---|---|
| Bitcoin High Income ETF (BTCI) | 28.17% | 2.35% | $1.4578 | Monthly | 2.28% |
| Russell 2000 High Income ETF (IWMI) | 14.83% | 1.24% | $0.6108 | Monthly | 0.71% |
| Nasdaq-100 High Income ETF (QQQI) | 13.92% | 1.16% | $0.6216 | Monthly | 0.15% |
| S&P 500 High Income ETF (SPYI) | 11.91% | 0.99% | $0.5164 | Monthly | 0.68% |
| Enhanced Income Credit Select ETF (HYBI) | 8.81% | 0.73% | $0.0752 | Monthly | 5.85% |
| Nasdaq-100 Hedged Equity Income ETF (NUSI) | 8.55% | 0.71% | $0.1896 | Monthly | 0.11% |
| Enhanced Income 20+ Year Treasury Bond ETF (TLTI) | –% | 0.57% | $0.2670 | Monthly | –% |
| Enhanced Income Aggregate Bond ETF (BNDI) | 5.80% | 0.48% | $0.2250 | Monthly | 3.05% |
| Enhanced Income 1-3 Month T-Bill ETF (CSHI) | 5.54% | 0.46% | $0.2299 | Monthly | 4.33% |
The distribution amounts will be payable on December 26, 2024, to shareholders of record as of December 24, 2024.
Strategic Focus of NEOS Investments
Founded in 2022, NEOS Investments leverages decades of research and expertise in options strategies to craft ETFs that provide robust income potential, tax efficiency, and diversification. The firm’s offerings cater to both individual and institutional investors seeking innovative tools to enhance their portfolios.
NEOS ETFs utilize a combination of data-driven options strategies and core portfolio exposures to maximize potential returns while managing risk. By focusing on monthly income generation, these funds help investors meet their financial goals effectively and efficiently.
Key Features of NEOS ETFs
- Income Generation: The ETFs distribute income monthly, derived from a blend of dividends, interest payments, capital gains, and options premiums.
- Tax Efficiency: Innovative strategies minimize taxable events, maximizing the net income for investors.
- Diversification: The funds provide exposure to a range of asset classes, including equities, bonds, and alternative investments like Bitcoin.
Forward-Looking Considerations
While past performance is not indicative of future results, NEOS emphasizes the importance of thorough analysis and active management. Investors should consider various factors, such as the current interest rate environment and market volatility, before investing.
Each ETF’s performance data is subject to market conditions, and the funds’ value may fluctuate. Investors can access up-to-date performance metrics through NEOS Investments’ official website or by contacting their investor relations team at (866) 498-5677.
Risk Disclosure
Investing in NEOS ETFs involves certain risks, including potential principal loss. Key risks include:
- Market Volatility: Price swings in equity and fixed-income markets may impact fund performance.
- Derivative Risks: The use of options and other derivatives may introduce additional complexity and volatility.
- Small- and Mid-Cap Exposure: Investments in smaller companies may exhibit higher volatility and limited liquidity.
- Leverage: Certain ETFs may use leverage to amplify returns, increasing the potential for both gains and losses.
Investors are encouraged to carefully review the prospectus for each fund before making investment decisions.
NEOS ETF Expense Ratios
Expense ratios vary across the fund suite, ranging from 0.38% for the Enhanced Income 1-3 Month T-Bill ETF (CSHI) to 0.98% for the Bitcoin High Income ETF (BTCI). These costs represent the annual fees investors pay to fund management, which are deducted from overall returns.
Distribution Composition and Return of Capital
Distributions may consist of a return of capital, which can include option premiums and other sources of income. For instance, as of the most recent distributions, the composition of return of capital was as high as 98% for some ETFs. Investors should consult the 19a-1 notices for a detailed breakdown of monthly distributions.
