NEOS S&P 500(R) High Income ETF
Actively managed U.S. stock ETF
As of its 2026 Q2 report, NEOS S&P 500(R) High Income ETF held 510 positions with $10.41B in net assets. Its ten largest holdings made up 36.4% of the fund. Over the 12 months to May 2026, SPYI returned 23.9%, with dividends reinvested. In 2026 Q2 it added 11 new positions and exited 9.
The NEOS S&P 500 High Income ETF (the Fund) seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation in rising markets.
The fund invests in S&P 500 stocks held in proportion to their index weight, combined with a call options overlay: it sells call options on the S&P 500 to generate premium income and uses a portion of that premium to buy out-of-the-money call options, seeking to capture upside participation while generating monthly income. The options receive favorable tax treatment as Section 1256 contracts, with gains and losses treated as 60% long-term and 40% short-term regardless of holding period. Because the fund holds securities in index proportion, it may shift between diversified and non-diversified status as the composition of the S&P 500 changes. The adviser may actively manage both written and purchased options before expiration to capture gains or minimize losses.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 7.54% | $784.14M | 3.9M | $200.09 |
AAPLApple Inc | 6.56% | $682.56M | 2.4M | $289.36 |
MSFTMicrosoft Corp | 4.29% | $446.97M | 1.2M | $373.02 |
AMZNAmazon.com Inc | 3.63% | $377.88M | 1.6M | $238.34 |
GOOGLAlphabet Inc | 3.27% | $339.97M | 951.3K | $357.37 |
AVGOBroadcom Inc | 2.78% | $289.57M | 766.6K | $377.75 |
GOOGAlphabet Inc | 2.60% | $270.68M | 766.1K | $353.33 |
1.98% | $206.25M | 178.7K | $1,154.29 | |
1.91% | $198.55M | 352.5K | $563.29 | |
TSLATesla Inc | 1.84% | $191.82M | 456.1K | $420.60 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 510 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.52% |
| Cash & short-term | 0.54% |
| Derivatives | -0.05% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 37.0%
- Financials
- 11.5%
- Communication Services
- 9.7%
- Consumer Discretionary
- 9.3%
- 10 other sectors
- 32.5%
- Information Technology
- 37.0%
- Financials
- 11.5%
- Communication Services
- 9.7%
- Consumer Discretionary
- 9.3%
- Health Care
- 8.7%
- Industrials
- 8.3%
- Consumer Staples
- 4.5%
- Energy
- 3.0%
- Utilities
- 2.2%
- Real Estate
- 1.8%
- Materials
- 1.4%
- International
- 1.1%
- Other
- 1.0%
- Cash
- 0.5%
How it has done
SPYI share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.45%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
NEOS S&P 500(R) High Income ETF is an actively managed U.S. equity ETF. 21% of SPYI’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 97% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Features
- Non-diversified
- Portfolio turnover
- 1.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
11 new· the largest 8
9 exited· the largest 7
Understand how this fund fits with the rest.
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