NEOS Nasdaq-100 High Income ETF
$55.55−0.28 (−0.49%)
- Expense ratio
- 0.68%
- Fund size
- $15.1B
- 1Y return
- +18.7%
- Yield · Last 12 months
- 14.83%
- Volume · 30D
- 5.7M sh
- NAV per share
- $55.55
- 52W range
The ETF.net QQQI Grade
Score 72 of 100 sits in the A 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.BScore 55Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 88Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 51Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 98Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 79Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
Our read on QQQI
AA Nasdaq-100 income fund built around the tax code: it holds the index's stocks and sells NDX index options that qualify as Section 1256 contracts, taxed 60/40 long/short term, then pays monthly. Launched 2024, now a multi-billion-dollar fund.
The Fund seeks high monthly income in a tax-efficient manner while allowing for equity appreciation. It invests in Nasdaq-100 constituents and uses NDX call options, including written calls and possible call spreads, to generate option-premium income.
Why people hold it
- Income engine runs on index options treated as Section 1256 contracts (60% long-term, 40% short-term rates), with managers also hunting tax-loss harvesting opportunities.neosfunds.comneosfunds.com
- Not a plain covered-call sleeve: the strategy can buy out-of-the-money NDX calls against the ones it sells, leaving room to capture part of a Nasdaq-100 rise.neosfunds.com
- Pays monthly, trades very actively, and is one of the larger funds in the Nasdaq-100 income aisle, so getting in and out is rarely the hard part.
- Does what the label says: Nasdaq-100 constituents plus an NDX call program, run actively rather than on a fixed monthly formula.neosfunds.com
Worth knowing
- Costs 0.68% a year. That matches the cohort median, but the biggest rivals run cheaper: QQA at 0.33%, GPIQ and JEPQ at 0.35%.
- Distributions have been classified as return of capital. That can defer tax, but it also trims your cost basis; the 19a-1 notices show the breakdown.neosfunds.com
- Written calls trade away part of a big Nasdaq-100 rally, and the fund only opened in January 2024, so its record spans one market regime.neosfunds.com
QQQI Holdings
- Stocks
- —
- 47%
- NVDA
Sectors
- Technology59.8%
- Communication12.8%
- Consumer Discr.10.3%
- Cons. Staples6.1%
- Industrials4.3%
- Health Care3.9%
- Utilities1.1%
- Materials1.0%
- Energy0.5%
- Financials0.2%
Geography
- United States95.57%
- United Kingdom1.63%
- Netherlands1.30%
- Canada0.87%
- Uruguay0.40%
- Ireland0.23%
QQQI 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 | QQQI |
|---|---|
| Year to date | +15.2% |
| 1 month | +4.2% |
| 3 months | +1.9% |
| 1 year | +18.7% |
| 3 years | — |
| 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 | QQQI |
|---|---|---|
| 2026 YTD | +15.2% | |
| 2025 | +18.6% | |
| 2024 | +19.9% |
QQQI in the news
ETF.net Research hasn’t filed on QQQI yet — coverage lands here as it’s written.
QQQI Dividends
- 14.83%
- $8.28
- $0.63 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 16, 2026 | Sep 18, 2026 | $0.63 |
| Aug 19, 2026 | Aug 21, 2026 | $0.65 |
| Jul 22, 2026 | Jul 24, 2026 | $0.63 |
| Jun 16, 2026 | Jun 18, 2026 | $0.66 |
| May 20, 2026 | May 22, 2026 | $0.66 |
| Apr 22, 2026 | Apr 24, 2026 | $0.63 |
| Mar 18, 2026 | Mar 20, 2026 | $0.61 |
| Feb 18, 2026 | Feb 20, 2026 | $0.61 |
| Jan 21, 2026 | Jan 23, 2026 | $0.64 |
| Dec 24, 2025 | Dec 26, 2025 | $0.64 |
| Nov 26, 2025 | Nov 28, 2025 | $0.63 |
| Oct 22, 2025 | Oct 24, 2025 | $0.64 |
QQQI Risk
- 12.8%
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.
- 1.16
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.
- −20.0%
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.
- 0.94
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
QQQI Cost
- The middle half of Nasdaq-100 Option Income funds
- Median 0.74%
13 of the 31 Nasdaq-100 Option Income funds charge less.