Neos Enhanced Income Aggregate Bond ETF
$45.16+0.03 (+0.06%)
- 0.61%
- $189M
- +0.1%
- 6.04%
- 0M sh
- $45.10
- low $44.73high $48.45
The ETF.net BNDI Grade
C
Score 52 out of 100
- 31 of 52
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C47 out of 100Rank 28 of 52Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 31 of 35Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 22 of 52Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B62 out of 100Rank 13 of 52Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C50 out of 100Rank 24 of 41Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B65 out of 100Rank 17 of 52
Our read on BNDI
CMost of its peer group writes calls on stocks. BNDI starts with a diversified bond portfolio and bolts on an actively managed S&P 500 put-selling overlay, then pays the income out monthly.
The Fund seeks monthly income in a tax-efficient manner through a diversified bond portfolio or bond ETFs, supplemented by an actively managed S&P 500 Index put-option strategy.
Why people hold it
- The bond one in a room full of equity option-income funds: diversified bond holdings first, an S&P 500 put strategy second, run by managers rather than a fixed formula.neosfunds.com
- Income lands monthly, and tax efficiency is written into the stated objective rather than treated as an afterthought.
- At 0.61%, the fee sits essentially at the middle of its options-income cohort (0.60% median) for a strategy that needs an active hand on the options book.
- Trading since 2022, from the same shop that runs CSHI, so this options-income playbook is not a first attempt.
Worth knowing
- Selling S&P 500 puts imports stock-market risk into a sleeve many people own for ballast, so equity drawdowns can show up inside a bond fund.
- Payouts can include return of capital, meaning part of a distribution may be your own investment handed back.
- It trades lightly next to the category's household names, so bid-ask spreads can run wider.
BNDI Holdings
- Bonds
- 6
- 100%
- BND
Sectors
- Technology38.7%
- Financials12.1%
- Communication9.5%
- Consumer Discretionary9.3%
- Health Care9.3%
- Industrials7.8%
- Consumer Staples4.5%
- Energy3.5%
- Utilities2.0%
- Real Estate1.8%
- Materials1.7%
Geography
- United States100.00%
BNDI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
BNDI$10,009
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | BNDI |
|---|---|
| Year to date | −0.9% |
| 1 month | −0.9% |
| 3 months | −2.2% |
| 1 year | +0.1% |
| 3 years | +5.4% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | BNDI |
|---|---|---|
| 2026 YTD | −0.9% | |
| 2025 | +8.0% | |
| 2024 | +1.8% | |
| 2023 | +6.9% | |
| 2022 | −2.6% |
BNDI in the news
BNDI Dividends
- 6.04%
- $2.72
- $0.22 per share
- Monthly
Distribution history
BNDI Risk
- 5.5%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.10
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −7.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.95
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
BNDI Cost
0.61%
BNDI0.61%
- The middle half of S&P 500 Option Income funds
- Median 0.60%
26 of the 51 S&P 500 Option Income funds charge less.
Other funds in S&P 500 Option Income
- BPHDGInvesco S&P 500 Downside Hedged ETFExpense ratio 0.44%1 year return +14.2%
- COVLHOverlay Shares Hedged Large Cap Equity ETFExpense ratio 0.80%1 year return +11.5%
- CHEDGEquable Shares Hedged Equity ETFExpense ratio 0.96%1 year return —
- CSPYTDefiance S&P 500 Target Income ETFExpense ratio 0.92%1 year return +18.4%
- CSPUTInnovator Equity Premium Income – Daily PutWrite ETFExpense ratio 0.79%1 year return +14.2%