SPYI
NEOS S&P 500 High Income ETF
📎 Investment Objective
The NEOS S&P 500 High Income ETF (SPYI) seeks to provide high current income by investing in a portfolio of S&P 500 stocks that have historically paid above-average dividends.
Overview
ETF tracking NEOS S&P 500 High Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The NEOS S&P 500 High Income ETF (SPYI) seeks to provide high current income by investing in a portfolio of S&P 500 stocks that have historically paid above-average dividends.
🎯 Investment Strategy
The fund tracks the NEOS S&P 500 High Income Index, which selects the 100 highest-yielding stocks from the S&P 500 Index. The portfolio is weighted by dividend yield, with the highest yielding stocks receiving the largest allocations.
✨ Key Features
- Focuses on high-dividend paying large-cap U.S. stocks
- Seeks to provide a higher level of current income compared to the broader S&P 500 Index
- Diversified portfolio of 100 stocks rebalanced quarterly
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Concentration risk as the fund is focused on a specific sector of the market
- Dividend risk as high-yielding stocks may have a higher risk of dividend cuts or suspensions
- Market risk as the fund's performance is tied to the overall large-cap U.S. equity market
- Liquidity risk due to the fund's small asset size
👤 Best For
The NEOS S&P 500 High Income ETF may be suitable for investors seeking a source of high current income from their large-cap U.S. equity allocation. However, due to the fund's small asset size and concentrated nature, it may be best suited as a satellite holding within a diversified portfolio.