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ETFs

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)
$23,579
AUM
$4,167,108
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
49.94%
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
49.84%
n/a
Cash & Other
0.31%
n/a
S&P 500 PUT OPT 10/23 4000
0.03%
n/a
S&P 500 PUT OPT 10/23 3900
0.02%
n/a
S&P 500 PUT OPT 10/23 3975
0.02%
n/a
S&P 500 PUT OPT 10/23 4075
-0.04%
n/a
S&P 500 PUT OPT 10/23 4140
-0.06%
n/a
S&P 500 PUT OPT 10/23 4125
-0.06%
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, SCHZ

BNDI
NEOS 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
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
AVIG
American Century ETF Trust - Avantis Core Fixed Income 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
IUSB
BlackRock Institutional Trust Company N.A. - iShares Core Total USD Bond Market ETF
BIV
Vanguard Group, Inc. - Vanguard Intermediate-Term Bond ETF
NUBD
Nuveen Fund Advisors LLC - NuShares ESG U.S. Aggregate Bond 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

#PTAC

Pick the Trending Asset Class

Category

Momentum, Tactical Asset Allocation, Be Risk Aware, Ride the Momentum

Risk Rating

Moderate

#DPE

Diversify with Private Equity

Category

Getting Started, Go Global, Diversification

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.

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 -0.0152%. This is the percent change in the value of BNDI over the most recent 1-month period. The 3-month return on BNDI is -0.0363%. This is the percent change in the value of BNDI over the most recent 3-month period.

The standard deviation of BNDI for the past year is 0.0784%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BNDI include GSY, GVI, and BLV.

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

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

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.