SPYI – NEOS S&P 500(R) High Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation in rising markets. The fund is an actively-managed ETF that seeks to achieve its investment objective by investing in a portfolio of stocks that make up the S&P 500® Index and a call options strategy, which consists of a mix of written (sold) call options and long (bought) call options on the S&P 500® Index. Under certain circumstances, the call options strategy may include transactions with covered call options.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SPYI	Neos S&P 500(R) High Income ETF	ETF	Open			Aug 29, 2022	$12.40B	0.680%	—	—	$5.65B

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