NEOS S&P 500 High Income ETF pairs S&P 500 stock exposure with an index-option strategy. Options seek cash, while the shares keep the fund exposed to the market's gains and losses.
Business
Equity and option-income ETF
Listing
SPYI · BATS
Reporting period
2026-06-30
Dividend schedule
Monthly
How the business works
Stock dividends after expenses appear in net investment income. Index-option outcomes and share-price changes are separate parts of the broader result and can be central to the distribution.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.15
Jan 1, 2026 to Jun 30, 2026
$0.00$0.15
Distribution yield11.82%Sourced distributions divided by dated market priceReported annual income yield0.75%Reported net investment income $0.3700 per share for 2024-06-01 to 2025-05-31, divided by approved 2025-05-30 market price $49.0200. Excludes capital gains; historical, not a current yield or forecast.Trailing 12-month distributions$6.33Recorded recurring payments per share, not a forecastDistribution supportSee period evidenceReported net investment income and total distributions for the same period are needed.
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Reported distribution and income history
Net investment income and total cash distributions are separate reported figures. Investment gains, option activity where applicable, and other sources can contribute to distributions, so net investment income alone is not a coverage verdict. Partial periods are not annualized.
Fund net investment income per common share; actual reporting period, not annualized$0.1500
Total cash distributions in the same period$3.1500
$0.00$3.20
For the six months ended June 30, 2026, SPYI reported $0.15 of net investment income and $3.15 of distributions per share. Net asset value edged up from $52.49 to $53.16. Ordinary income explains little of the cash paid; the option and stock results complete the period view.
Portfolio interest and dividends, realized investment results and any derivative activity contribute to distribution resources after expenses. Taxable income and cash distributions can differ from reported net investment income.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
NEOS S&P 500 High Income ETF reported $0.1500 per share for 2026-01-01 to 2026-06-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to equity losses, option pricing and tax-sensitive trading.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Payments can change and can include gains or return of capital. A high trailing yield does not establish earnings coverage or total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length option and stock results with distributions and net asset value, not just the small income figure.
Net asset value (NAV)
NAV per share$53.2500Sep 29, 2026Market price$53.2700Sep 29, 2026PREMIUM / DISCOUNT TO NAV0.04% premiumCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
Fund issuer-reported ETF NAV and market price, both dated 2026-09-29. The premium or discount is calculated from these two issuer-reported values. Older audited NAV history remains unchanged.
Reported fund net investment income per share: $0.15 for 2026-01-01 to 2026-06-30; actual period, not annualized.
Trailing distribution screen: 11.82% on 2026-09-11.
Latest announced cash distribution in the checked history: $0.5423; usual frequency monthly.
What to watch next
Compare the next like-length option and stock results with distributions and net asset value, not just the small income figure.
Fly High context
Compare the next like-length option and stock results with distributions and net asset value, not just the small income figure.
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U.S. federal · Tax year 2025
Dividend tax treatment
The issuer's 2025 calendar-year tax classification lists 94.84% return of capital and 5.16% ordinary income. The mix can change from year to year.
This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Ordinary, nonqualified
0%
Qualified dividends
5.16%
Capital-gain distributions
0%
Return of capital
94.84%
Tax year: 2025. Total distributions: $6.15 per share.
Tax details and source
Total ordinary dividends (includes qualified)
5.16%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
