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NEOS Enhanced Income Aggregate Bond ETF

BNDI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Aug 30 2022
Expense Ratio
0.58%
Type
US Bonds
Fund Owner
NEOS Funds
Volume (1m avg. daily)
$13,372
AUM
$975,930
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus

Top 10 Holdings

BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
49.39%
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
49.39%
n/a
Cash & Other
1.33%
n/a
CBOE S&P PUT OPT 02/23 3740
0.02%
n/a
CBOE S&P PUT OPT 02/23 3700
0.01%
n/a
CBOE S&P PUT OPT 02/23 3865
-0.06%
n/a
CBOE S&P PUT OPT 02/23 3905
-0.09%
Invest with BNDI

What is BNDI?

The Fund seeks to distribute monthly income generated from investing in a representative portfolio of the U.S. Aggregate Bond Market and implementing a data-driven put option strategy. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates. Bond interest paid through BNDI is converted to Qualified Dividend Income via its ETF wrapper which is subject to more favorable tax treatment than the normal Federal Income Tax Rate that bond interest is typically subject to.

ETFs related toBNDI

ETFs correlated to BNDI include AGG, BND, NUBD

BNDI
SHP ETF Trust - NEOS Enhanced Income Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
NUBD
Nuveen Fund Advisors LLC - NuShares ESG U.S. Aggregate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
DFCF
Dimensional ETF Trust - Dimensional Core Fixed Income ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toBNDI

#IDX

Equity Index Rotation

Category

Getting Started

Risk Rating

Moderate

#TOTAL

The Total Package

Category

Getting Started, Go Global

Risk Rating

Moderate

Create your own algorithmic trading strategy with BNDI using Composer

FAQ

BNDI is a US Bonds ETF. The Fund seeks to distribute monthly income generated from investing in a representative portfolio of the U.S. Aggregate Bond Market and implementing a data-driven put option strategy. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates. Bond interest paid through BNDI is converted to Qualified Dividend Income via its ETF wrapper which is subject to more favorable tax treatment than the normal Federal Income Tax Rate that bond interest is typically subject to.

The top holdings for BNDI include Vanguard Group, Inc. - Vanguard Total Bond Market ETF, BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF, and Cash & Other.

BNDI has 7 total holdings.

Yes, BNDI is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, BNDI is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BNDI is 0.0041%. This is the percent change in the value of BNDI over the most recent 1-month period. The 3-month return on BNDI is 0.0612%. This is the percent change in the value of BNDI over the most recent 3-month period.

ETFs similar to BNDI include BSV, BNDX, and FLOT.

ETFs correlated to BNDI include AGG, BND, and NUBD.

ETFs that are inversely correlated to BNDI include TBX, PST, and TYO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.