HYBI

NEOS Enhanced Income Credit Select ETF

$50.32

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The NEOS Enhanced Income Credit Select ETF (HYBI) seeks to provide current income and capital appreciation by investing in a portfolio of high-yield corporate bonds and other fixed-income securities.

Overview

ETF tracking NEOS Enhanced Income Credit Select ETF

Category Fixed Income

Issuer Other

Inception Date 2024-09-30

Market Cap $145.1M

Average Volume N/A

Dividend Yield 7.14%

52-Week Range $48.60 - $52.35

VWAP $50.33

Performance

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Investment Summary

📎 Investment Objective

The NEOS Enhanced Income Credit Select ETF (HYBI) seeks to provide current income and capital appreciation by investing in a portfolio of high-yield corporate bonds and other fixed-income securities.

🎯 Investment Strategy

The fund aims to achieve its objective by investing primarily in high-yield corporate bonds and other fixed-income instruments. The portfolio is actively managed, with the goal of generating higher income than traditional fixed-income funds while also seeking to provide some capital appreciation potential.

✨ Key Features

Focuses on high-yield corporate bonds to generate higher income
Actively managed portfolio to potentially capture capital appreciation opportunities
Diversified exposure to the high-yield corporate bond market
Relatively low expense ratio compared to similar actively managed fixed-income ETFs

⚠️ Primary Risks

High-yield bonds are subject to greater credit and default risk than investment-grade bonds
Active management style may not always outperform the broader high-yield bond market
Interest rate risk as bond prices may decline when interest rates rise
Liquidity risk as high-yield bonds may be less liquid than investment-grade bonds

👤 Best For

The NEOS Enhanced Income Credit Select ETF may be suitable for investors seeking higher current income and the potential for capital appreciation from their fixed-income allocation, and who have a higher risk tolerance compared to those investing in investment-grade bond funds.