{
 "ticker": "HYBI",
 "name": "NEOS Enhanced Income Credit Select ETF",
 "issuer": "NEOS",
 "desk": "income",
 "url": "https://etfiq.com/funds/hybi",
 "html": "https://etfiq.com/funds/hybi",
 "markdown": "https://etfiq.com/funds/hybi.md",
 "as_of": "2026-09-18",
 "verdict": "Over the year to Sep 18, 2026, HYBI paid 8.6% in cash and finished 0.6 points ahead of HYG.",
 "key_facts": [
  {
   "key": "cash_paid_1_year_on_its_starting_price",
   "label": "Cash paid, 1 year, on its starting price",
   "value": "8.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HYBI, cash paid, 1 year, on its starting price: 8.6%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+3.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HYBI, total return, 1 year: +3.2%, as of Sep 18, 2026."
  },
  {
   "key": "against_hyg",
   "label": "Against HYG",
   "value": "+0.6 pts",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HYBI, against HYG: +0.6 pts, as of Sep 18, 2026."
  },
  {
   "key": "return_of_capital_latest_payout",
   "label": "Return of capital, latest payout (NEOS estimate)",
   "value": "24.0%",
   "source": "NEOS estimate",
   "as_of": "2026-09-18",
   "sentence": "HYBI, return of capital, latest payout (NEOS estimate): 24.0%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$222m",
   "source": "issuer page, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "HYBI, net assets: $222m (issuer page, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "HYBI, expense ratio: not read by ETFIQ, as of Sep 18, 2026."
  }
 ],
 "fields": [
  {
   "key": "strategy",
   "label": "Strategy",
   "value": "covered call",
   "source": null
  },
  {
   "key": "benchmark",
   "label": "Benchmark",
   "value": "US high yield bonds (HYG), used as the proxy (proxy)",
   "source": null
  },
  {
   "key": "pays",
   "label": "Pays",
   "value": "monthly",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$222m",
   "source": "issuer page, as of Sep 18, 2026"
  },
  {
   "key": "latest_payout_annualized",
   "label": "Latest payout, annualized",
   "value": "8.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "not read by ETFIQ",
   "source": null
  },
  {
   "key": "cash_paid_last_12_months_over_today_s_price",
   "label": "Cash paid, last 12 months, over today\u2019s price",
   "value": "9.1%",
   "source": "ETFIQ"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Sep 30, 2024",
   "source": null
  },
  {
   "key": "return_of_capital_latest_distribution",
   "label": "Return of capital, latest distribution",
   "value": "24.0%",
   "source": "NEOS 19a-1 estimate"
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Cash paid": "2.0%",
   "Price": "\u22122.1%",
   "Total return": "\u22120.1%",
   "HYG": "\u22120.4%",
   "Ahead or behind": "+0.3 pts"
  },
  {
   "window": "6 months",
   "Cash paid": "4.0%",
   "Price": "\u22122.1%",
   "Total return": "+1.9%",
   "HYG": "+2.5%",
   "Ahead or behind": "\u22120.6 pts"
  },
  {
   "window": "1 year",
   "Cash paid": "8.6%",
   "Price": "\u22125.5%",
   "Total return": "+3.2%",
   "HYG": "+2.6%",
   "Ahead or behind": "+0.6 pts"
  },
  {
   "window": "Since launch",
   "Cash paid": "16.0%",
   "Price": "\u22128.3%",
   "Total return": "+8.4%",
   "HYG": "+9.9%",
   "Ahead or behind": "\u22121.6 pts"
  }
 ],
 "questions": [
  {
   "q": "How much has HYBI paid over the last year?",
   "a": "Over the year to Sep 18, 2026, HYBI paid 8.6% of its starting price in cash distributions, while the price fell 5.5%."
  },
  {
   "q": "Is HYBI ahead of HYG?",
   "a": "Over the year to Sep 18, 2026, with every distribution reinvested, HYBI returned +3.2% against +2.6% for US high yield bonds (HYG), used as the proxy, so a holder was ahead of it by 0.6 points."
  },
  {
   "q": "How often does HYBI pay, and how much?",
   "a": "HYBI pays monthly. The latest distribution annualizes to 8.2% at its price on Sep 18, 2026, which is not a promise; the next one can differ."
  },
  {
   "q": "Is the HYBI distribution return of capital?",
   "a": "NEOS estimates 24% of the distribution paid Sep 11, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}