NEOS Enhanced Income Aggregate Bond ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 10 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About BNDI
TheFund invests under normal circumstances at least 80% of its assets in a diversified portfolio of bonds of varying maturities and exchange-tradedfunds (“ETFs”) that invest 80% or more of their assets in bonds and forwards, options or futures contracts related to bonds. TheFund is an actively-managed ETF that seeks to achieve its investment objective by (i) investing 80% or more of its assets in bondsor ETFs that invest 80% or more of their assets in bonds and forwards, options or futures contracts related to bonds and seekto obtain exposure to the performance of the US Aggregate Bond market or directly in the securities held by such ETFs (collectively,the “Underlying Investments”) and (ii) selling and purchasing S&P 500® Index put options (“SPX put options”)to generate income to the Fund beyond what is received from the Underlying Investments. For purposes of the 80% policy, the valueof such forwards, options and futures contracts shall be determined on a daily mark-to-market basis. TheUS Aggregate Bond market and ETFs that seek to replicate the performance of the US Aggregate Bond market index generally consistof U.S. Treasury bonds, government-related bonds, corporate bonds, mortgage-backed pass-through securities (“MBS”),commercial mortgage-backed securities and asset-backed securities that are publicly offered for sale in the U.S. A significantportion of the US Aggregate Bond market and US Aggregate Bond market index ETFs generally consist of MBS and U.S. Treasury securities.The components of both may change over time. TheFund’s SPX put option strategy seeks to generate monthly income for the Fund in addition to the yield it receives from theincome and capital gains generated by the Underlying Investments. The options strategy utilizes a “put spread” consistingof the sale of SPX put options (“Short Puts”) with a notional value up to 100% of the Fund’s net assets andthe purchase of SPX put options (“Long Puts”). NEOS Investment Management, LLC, the Fund’s adviser (the “Adviser”),may actively manage the written and purchased SPX put options prior to expiration to potentially capture gains and minimize lossesdue to the movement of the S&P 500® Index. The SPX options strategy is intended to generate high monthly income in a taxefficient manner. The Fund seeks tax efficient returns by utilizing index options that receive favorable tax treatment under InternalRevenue Code rules because they qualify as “Section 1256 Contracts.” Under these rules, each section 1256 contractheld by the Fund at year end is treated as if it were sold at fair market value on the last business day of the tax year. If theSection 1256 contracts produce capital gain or loss, gains or losses on the Section 1256 contracts open at the end of the year,or terminated during the year, are treated as 60% long term and 40% short term, regardless of how long the contracts were held.In addition, the Fund may seek to take advantage of tax loss harvesting opportunities by taking investment losses from certainequity and/or options positions to offset realized taxable gains of equities and/or options. Opportunistically, the Fund may seekto take advantage of tax loss harvesting opportunities on the SPX put options. TheFund focuses primarily on SPX put options which offer both European settlement (i.e., options can only be exercised at their expirationdate) and cash settlement (i.e., options carry an obligation by their seller to pay the difference between their strike priceand their settlement value instead of allowing the seller to take delivery of securities). TheFund’s SPX put options strategy is designed to seek to generate a positive return in rising and flat equity markets andmay generate a positive return in equity markets that are modestly declining, assuming the net premium collected from the optionssold and purchased exceeds the net cost to close the positions. Theaverage portfolio duration of the Fund normally varies from 6 to 9 years. Duration is a measure used to determine the sensitivityof a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will beto changes in interest rates. Withrespect to securities that the Fund directly holds, the Fund invests primarily in investment grade debt securities but may investup to 30% of its total assets in high yield securities (junk bonds), as rated by Moody’s Investors Service, Inc., Standard& Poor’s Rating Services or Fitch Inc., or, if unrated, as determined by the Adviser. The Fund may purchase or sellsecurities on a when-issued, delayed delivery or forward commitment basis. TheFund may engage in active and frequent trading of portfolio securities in implementing its principal investment strategies.
BNDI News
Data for BNDI is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.