QQQI (QQQI)

The NEOS Nasdaq-100 High Income ETF (QQQI) has a significantly higher expense ratio (0.68%) than JPMorgan's Nasdaq Equity Premium Income ETF (JEPQ) (0.35%). Despite QQQI's higher headline yield of 14%, its total return over the past year was 17.64%, which was lower than JEPQ's 20.87%. Investors should consider both total return and fees, not just yield, when choosing between these covered-call ETFs.

The NEOS Nasdaq-100 High Income ETF (QQQI) offers a high 14% yield, but this yield largely consists of return of capital, not true income, which defers taxes but reduces the cost basis. The ETF also has a higher fee than the Invesco QQQ Trust (QQQ) and uses a call option overlay that caps upside gains, causing it to underperform QQQ's price returns. Investors should consider these factors, including complex tax tracking and capped growth, against their income needs.

The article provides a profile for the NEOS Nasdaq 100 High Income ETF (QQQI), discussing its returns and dividend policy. It indicates that the ETF does not pay dividends to its holders. The profile also includes sections for price performance and assets under management.

The QQQI ETF, managed by NEOS Investments LLC, invests in Nasdaq-100 Index stocks and uses call options to generate high monthly income. It prioritizes tax efficiency through Section 1256 Contracts and active management. The ETF aims for tax-optimized tracking of the index and has an expense ratio of 0.68%.

The QQQI ETF, managed by NEOS Investments LLC, invests in Nasdaq-100 Index stocks and uses call options to generate high monthly income, prioritizing tax efficiency through Section 1256 Contracts. With $13.08 billion in assets and a 13.53% dividend yield, the fund primarily holds Electronic Technology and Technology Services stocks, with NVIDIA and Apple as top holdings. Launched on January 30, 2024, it aims for tax-optimized tracking of the index with an active management style.