Core Insights - NEOS Investments launched its first trio of options income ETFs on August 30, 2022, which have collectively reached an AUM of $5.7 billion within three years [1] - The firm has accumulated over $10 billion in assets since the launch of its flagship funds, focusing on high income and tax efficiency [2] - NEOS offers core exposure to the S&P 500, short-term Treasury Bills, and the broad bond market through its ETFs, utilizing an option-writing strategy to generate high income [3] Fund Performance - SPYI has attracted over $2.25 billion in net flows in 2023 and has total returns of 45.91% since inception as of July 31, 2025, showcasing effective active management [5] - SPYI's distribution rate stands at 12.05% as of the end of July, outperforming its peers [7] - BNDI and CSHI have also shown better total returns and higher distribution rates than their peers and benchmarks since inception [8] Tax Efficiency - The funds utilize Section 1256 Contracts for options, allowing for favorable tax treatment on capital gains, with 60% taxed as long-term and 40% as short-term [3] - A portion of distributions from all three ETFs qualifies as a return of capital, which can enhance tax efficiency [4] - The managers engage in tax-loss harvesting opportunities throughout the year to optimize tax outcomes [11] Expansion and Innovation - NEOS has expanded its ETF lineup to include high-income offerings in alternatives and hedged equity income ETFs, including the NEOS Nasdaq 100 High Income ETF launched in January 2024, which has accumulated over $3.4 billion in AUM this year [9]

Market Trends & Investment Strategies - Leveraged ETFs are gaining popularity among investors, driven by the potential for greater rewards [1] - Options-based strategies are also on the rise [1] - Investors should be aware that leveraged ETFs come with greater risk alongside the potential rewards [1] Key Discussion Points - The podcast "Stocks In Translation" features GraniteShares CEO Will Rhind discussing leveraged ETFs and options-based strategies [1] - Rhind explains the reasons behind the rapid growth in popularity of leveraged ETFs [1] - The podcast aims to provide listeners with information to make informed trading decisions [1] Resources - Yahoo Finance offers free stock ticker data, news, portfolio management tools, and market data [1] - The Yahoo Finance app is available on Apple and Android devices [1] - Yahoo Finance can be followed on various social media platforms [1]

Group 1 - YieldMax™ launched the YieldMax™ HOOD Option Income Strategy ETF (HOOY) to generate current income through options-based strategies on Robinhood Markets, Inc. (HOOD) [1][2] - HOOY is part of the YieldMax™ ETF family, which aims to deliver current income to investors, with its first distribution expected on May 28, 2025 [2][3] - HOOY is managed by Tidal Financial Group and does not invest directly in HOOD [1][2] Group 2 - HOOY is categorized as a Group C ETF, indicating its distribution structure [2] - The distribution rates for other YieldMax™ ETFs vary, with some ETFs offering weekly distributions and others monthly [3][4] - The distribution rates for existing YieldMax™ ETFs range from $0.1059 to $4.6556 per share, with yields varying significantly [3][4]