BNDI
NEOS Enhanced Income Aggregate Bond ETF
BNDI is an actively managed fund that invests in a diversified portfolio of fixed income securities with varying maturities and credit ratings while utilizing a US large-cap put-spread strategy.
Exposure
MULTI
Active
MANAGEMENT STYLE
96.8 M
ASSETS UNDER MGMT
58 bp
EXPENSES
Fund Basics
| Fund sponsor | Neos Investments LLC |
| Category | Exposure |
| Asset class | Multi |
| Website | link... |
| Inception date | Aug 29, 2022 |
| Assets (mns) | $97 |
| Expense ratio | 58 bp |
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Monthly |
| Taxation | 1099 |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top Holdings
| VANGUARD TOTAL BOND MARKET ETF | 49.5 % |
| ISHARES CORE U.S. AGGREGATE BOND ETF | 49.5 % |
| CASH & OTHER | 1.1 % |
| SPXW US 08/07/25 P5800 | 0.0 % |
| SPXW US 08/07/25 P5650 | 0.0 % |
| SPXW US 08/07/25 P5750 | 0.0 % |
| SPXW US 08/07/25 P5950 | 0.0 % |
| SPXW US 08/07/25 P6050 | 0.0 % |
| SPXW US 08/07/25 P5990 | 0.0 % |
Asset Allocation
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 0.5% | -1.8% | -1.0% | -- | -- | -- | -- | -2.1% |
| Dividend Yield | 0.0% | 1.9% | 3.6% | -- | -- | -- | -- | 4.1% |
| Total Returns | 0.5% | 0.2% | 2.7% | -- | -- | -- | -- | 2.0% | Ann. Volatility | 6.1% | 5.8% | 6.1% | -- | -- | -- | -- | 6.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.30 | 37% |
| MSCI EAFE | 0.34 | 57% |
| MSCI Emg Mkts | 0.35 | 41% |
Liquidity Measures
| Avg. volume (000) | 11 |
| ADV traded (mns) | $1 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.22% |
Technical Indicators
| Recent close | $47.22 |
| 30d moving avg. | $46.95 |
| Annualized volatility | 6.2% |
| Relative strength (RSI) | 51 |
| Short interest | 0.3% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Expense Analysis
| Peer Group | Active Exposure Multi ETFs |
| # of ETFs | 10 |
| Avg. Expense Ratio | 134.3 bp |
| Std. Deviation | 111.4 bp |
| BNDI (58 bp) Percentile rank | 28 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| BNDI | 58.0 | 22.0 | 80 |
| Peer Avg. | 110.3 | 55.0 | 165.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .