Neos Enhanced Income Aggregate Bond ETF
$45.25−0.44 (−0.96%)
- Expense ratio
- 0.61%
- Fund size
- $192M
- 1Y return
- +1.7%
- Yield · Last 12 months
- 6.47%
- Holdings
- 7
- Volume · 30D
- 0M sh
- NAV per share
- $45.53
- 52W range
The ETF.net BNDI Grade
Score 54 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.BScore 58Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 57Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 63Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on BNDI
BMost 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
- 7
- 100%
- BND
Sectors
Geography
BNDI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +0.3% |
| 1 month | −0.7% |
| 3 months | −1.2% |
| 1 year | +1.7% |
| 3 years | +5.3% |
| 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 | +0.3% | |
| 2025 | +8.0% | |
| 2024 | +1.8% | |
| 2023 | +6.9% | |
| 2022 | −2.6% |
BNDI in the news
ETF.net Research hasn’t filed on BNDI yet — coverage lands here as it’s written.
BNDI Dividends
- 6.47%
- $2.95
- $0.22 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 9, 2026 | Sep 11, 2026 | $0.22 |
| Aug 12, 2026 | Aug 14, 2026 | $0.22 |
| Jul 15, 2026 | Jul 17, 2026 | $0.22 |
| Jun 10, 2026 | Jun 12, 2026 | $0.22 |
| May 13, 2026 | May 15, 2026 | $0.23 |
| Apr 15, 2026 | Apr 17, 2026 | $0.23 |
| Mar 11, 2026 | Mar 13, 2026 | $0.23 |
| Feb 11, 2026 | Feb 13, 2026 | $0.23 |
| Jan 14, 2026 | Jan 16, 2026 | $0.23 |
| Dec 24, 2025 | Dec 26, 2025 | $0.23 |
| Nov 26, 2025 | Nov 28, 2025 | $0.23 |
| Oct 22, 2025 | Oct 24, 2025 | $0.23 |
BNDI Risk
- 5.6%
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.
- 0.08
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
- 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.