Key stats
About NEOS Nasdaq 100 High Income ETF
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Inception date
Jan 30, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Neos Investment Management LLC
Distributor
Foreside Fund Services LLC
Identifiers
3
ISIN US78433H6751
QQQI strategically invests in the Nasdaq-100 Index stocks and utilizes NDX call options to deliver high monthly income through dividends and option premiums. It executes a call-writing approach, possibly complemented by purchasing long, out-of-the-money calls to achieve a net credit. The fund prioritizes tax efficiency through Section 1256 Contracts, benefiting from a 60/40 tax rate on long- and short-term capital gains. For tax assessment, these contracts are marked as sold at the years end market value. Active management allows for opportune tax loss harvesting by adjusting options before expiration. While primarily employing a replication strategy, the fund may opt to use a representative sampling method to select securities that emulate the indexs risk-return profile when practical difficulties, substantial costs, or liquidity concerns arise. The fund aims for QQQIs tax-optimized tracking of the index, potentially involving frequent trading to adapt to market conditions.
Related funds
Classification
What's in the fund
Exposure type
Electronic Technology
Technology Services
Retail Trade
Stock breakdown by region
Top 10 holdings
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
QQQI assets under management is 8.22 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
QQQI invests in stocks. See more details in our Analysis section.
QQQI expense ratio is 0.68%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, QQQI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
Yes, QQQI pays dividends to its holders with the dividend yield of 14.05%.
QQQI shares are issued by NEOS Investments LLC
QQQI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 30, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.