SPYH
NEOS S&P 500 Hedged Equity Income ETF
📎 Investment Objective
The NEOS S&P 500 Hedged Equity Income ETF (SPYH) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while seeking to mitigate downside risk through the use of a put option overlay strategy.
Overview
ETF tracking NEOS S&P 500 Hedged Equity Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The NEOS S&P 500 Hedged Equity Income ETF (SPYH) seeks to provide investment results that, before fees and expenses, correspond generally to the performance of the S&P 500 Index, while seeking to mitigate downside risk through the use of a put option overlay strategy.
🎯 Investment Strategy
The fund invests primarily in the large-cap stocks that make up the S&P 500 Index. It also employs a put option overlay strategy, which involves buying put options on the S&P 500 Index. This put option overlay is designed to help mitigate downside risk and provide a degree of protection against market declines.
✨ Key Features
- Seeks to track the performance of the S&P 500 Index
- Employs a put option overlay strategy to help mitigate downside risk
- Designed to provide equity market exposure with a degree of downside protection
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Market risk: The value of the fund's holdings may decline due to general market conditions or other factors.
- Derivative risk: The use of put options may not be successful in mitigating downside risk as intended.
- Tracking error risk: The fund may not perfectly track the performance of the S&P 500 Index.
- Liquidity risk: The fund may have difficulty buying or selling certain securities, which could affect its performance.
👤 Best For
The NEOS S&P 500 Hedged Equity Income ETF may be suitable for investors seeking large-cap equity exposure with a degree of downside protection, particularly those with a moderate risk tolerance and a medium-to-long-term investment horizon.