NEOS Enhanced Income Credit Select 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 9 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About HYBI
TheFund is an actively-managed ETF that seeks to achieve its investment objective by (i) investing 80% or more of its net assetsin bonds or ETFs that invest 80% or more of their assets in bonds (“Underlying Investments”) and (ii) selling andpurchasing S&P 500® Index put options (“SPX put options”) to generate income to the Fund beyond what is receivedfrom the Underlying Investments. For purposes of the 80% policy, the Fund may gain exposure to the Underlying Investments throughderivatives such as forwards, options, and futures, and the value of such forwards, options and futures contracts shall be determinedon a daily mark-to-market basis. Toachieve its investment objective, the Fund will generally invest in a combination of (i) U.S. high-yield debt securities (commonlyknown as “junk” bonds, and referred to herein as “High-Yield Securities”) and (ii) U.S. investment gradedebt securities and U.S. Treasury debt obligations (collectively, “Investment Grade Securities”). Debt securitiesare also known as fixed-income securities. The Fund defines High-Yield Securities as those rated lower than Baa by Moody’sInvestors Service, Inc. (“Moody’s”) or lower than BBB by S&P Global Ratings (“S&P”) or FitchRatings, Inc. (“Fitch”) and defines Investment Grade Securities as those rated Baa or better by Moody’s or BBBor better by S&P or Fitch or, if securities are unrated, as determined by NEOS Investment Management LLC (the “Adviser”)to be of similar credit quality. TheFund is a “fund of funds.” The term “fund of funds” is typically used to describe ETFs, such as the Fund,whose primary investment strategy involves investing in other investment companies, such as exchange traded funds (“ETFs”). Althoughthe Fund may invest directly in debt securities, it will primarily invest in such securities indirectly through ETFs that investprimarily in debt securities. TheAdviser allocates assets between High-Yield Securities and Investment Grade Securities using a proprietary quantitative modeldeveloped with the assistance of a third-party research provider. This strategy employs a combination of short-, intermediate-and long-term trend-following techniques to identify periods of favorable or unfavorable market conditions for High-Yield Securities.In allocating portfolio investments between High-Yield Securities and Investment Grade Securities, the Adviser may consider multiplefactors, including those related to credit, duration, Federal Reserve policy and the Adviser’s expectations for the futurecourse of interest rates and the then-prevailing price and yield levels in the debt market. Duration is a measure of price sensitivityrelative to interest rates. For example, if interest rates changed by one percent, the value of a security having an effectiveduration of two years would vary by two percent. The Adviser selects securities for their potential for interest income, capitalappreciation, or both. The Fund invests without restriction as to issuer credit quality, capitalization or security maturity. 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”). The Adviser may actively manage the written and purchased SPX put optionsprior to expiration to potentially capture gains and minimize losses due to the movement of the S&P 500® Index. The SPXoptions strategy is intended to generate high monthly income in a tax efficient manner. The Fund seeks tax efficient returns byutilizing index options that receive favorable tax treatment under Internal Revenue Code rules because they qualify as “Section1256 Contracts.” Under these rules, each section 1256 contract held by the Fund at year end is treated as if it were soldat fair market value on the last business day of the tax year. If the Section 1256 contracts produce capital gain or loss, gainsor losses on the Section 1256 contracts open at the end of the year, or terminated during the year, are treated as 60% long termand 40% short term, regardless of how long the contracts were held. In addition, the Fund may seek to take advantage of tax lossharvesting opportunities by taking investment losses from certain equity and/or options positions to offset realized taxable gainsof equities and/or options. Opportunistically, the Fund may seek to take advantage of tax loss harvesting opportunities on theSPX 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 fixed-income marketsand may generate a positive return in fixed-income markets that are modestly declining, assuming the net premium collected fromthe options sold and purchased exceeds the net cost to close the positions. TheFund may invest from time-to-time in short-term investments including money market funds. Undernormal circumstances, at least 80% of the Fund’s net assets (including the amount of any borrowings for investment purposes)will be invested directly or indirectly in U.S. bonds. The Fund shareholders will be provided with at least 60 days’ priornotice of any change to the foregoing policy. TheFund’s investment allocations may change frequently and as a result, the Fund expects to engage in frequent portfolio transactionsthat will likely result in higher portfolio turnover than other ETFs. Portfolio turnover is a ratio that indicates how often thesecurities in an ETF’s portfolio change during the year. A higher portfolio turnover rate indicates a greater number ofchanges. Under normal circumstances, the anticipated portfolio turnover rate for the Fund is expected to be significantly greaterthan 100%.
HYBI News
- Precision Trading with HYBI Corp (HYBI) Risk Zones
- Short Interest in NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Expands By 100.9%
- Trading the Move, Not the Narrative: (HYBI) Edition
- (HYBI) Volatility Zones as Tactical Triggers
- Price-Driven Insight from (HYBI) for Rule-Based Strategy
- NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Sees Large Decline in Short Interest
- NEOS Enhanced Income Credit Select ETF (NASDAQ:HYBI) Plans $0.33 Monthly Dividend
Data for HYBI 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.