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XQQI
NEOS Boosted Nasdaq-100 High Income ETF
NEOS Investment Management, LLC
Verdict
Weighted score · Pro 🔒
Fund Identity
What it is, who runs it, where it lives.
The NEOS Boosted Nasdaq-100® High Income ETF seeks to boost performance by generating high monthly income in a tax efficient manner with the potential for enhanced equity appreciation in rising markets..
XQQI is an actively managed ETF with two components: (1) a core strategy mirroring QQQI by investing in Nasdaq-100® stocks and writing covered NDX® call options to generate monthly income, and (2) a 'boosted' layer that adds synthetic long exposure to the Nasdaq-100® via purchased NDX® calls and sold NDX® puts, while writing additional NDX® call options for extra income. Together, these components are designed to provide approximately 150% of QQQI's investment exposure. The Fund targets an annualized distribution rate of 19–23% and seeks tax efficiency through Section 1256 Contracts and tax-loss harvesting.
Ticker
XQQI
Issuer
NEOS Investment Management, LLC
Exchange
XNAS
Inception
2026-02-03 · 0.5 yrs
Mgmt style
Active
Replication
Physical (full replication or sampled) for equity sleeve plus Derivatives (options/futures) for synthetic boosted exposure and income generation
Index-based
—
Leverage
~1.5x (approximately 150% of QQQI exposure)
Strategy & Options Mechanics
How the portfolio is built and where the income comes from.
PORTFOLIO
Hybrid
actively managed
OPTIONS OVERLAY
Strategy
Covered calls (written NDX® calls on physical equity sleeve) + synthetic long (long NDX® calls + short NDX® puts) + synthetic covered calls (written NDX® calls on synthetic exposure); optional call spread (long OTM NDX® calls + short NDX® calls for net credit)
generates income
Underlying
NDX (Nasdaq-100® Index)
income exposure
MONTHLY
11.9%
DIST. RATE
100% ROC
Section 1256 (60/40)
Section 1256 (60/40)
Underlying
NDX (Nasdaq-100® Index)
Strategy
Covered calls (written NDX® calls on physical equity sleeve) + synthetic long (long NDX® calls + short NDX® puts) + synthetic covered calls (written NDX® calls on synthetic exposure); optional call spread (long OTM NDX® calls + short NDX® calls for net credit)
Tax
Section 1256 (60/40)
The Fund writes covered NDX® call options against its physical Nasdaq-100® equity holdings to generate income, while also creating synthetic long Nasdaq-100® exposure through purchased NDX® calls and sold NDX® puts. Additional NDX® call options are written on the synthetic exposure to boost income further. All NDX® options are European-style, cash-settled, and qualify as Section 1256 Contracts for favorable 60/40 tax treatment.
Performance & NAV
Total return vs. the underlying, with drawdown context.
NAV HISTORY · FEB '26 – AUG '26
FEB '26AUG '26
Flat-NAV reinvestment hurdle
0.0%
Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.
Distribution & Tax
Where the yield comes from — and how it’s taxed.
Composition · Recent Distribution
100%
ROC
Return of Capital — constructive100%
Net Investment Income0%
Frequency
Monthly
Dist. rate
11.94%
ROC %
100%
30-day SEC
not reported
Consistency
1 w/o cut
YOC · 1yr-ago buyer
12.0%
Tax Treatment — Section 1256 (60/40)
SECTION 1256 (60/40)
Distribution Composition (Recent)
ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.
Composition · Narrative
The August 2026 distribution of $0.8236 per share is estimated to be 100% return of capital, with no net investment income or capital gains components. This is consistent with the fiscal year-to-date cumulative distributions of $5.9095 per share, which are also 100% return of capital. These are book-basis estimates and final tax characterization may differ.
Distribution & Return of Capital
Per-month payout split and the running return-of-capital share · last 7 months.
DIST ($/sh)ROC %
Return of capital ($/sh)
Net investment income ($/sh)
Monthly ROC %
Calendar-year ROC (YTD est.)
Distribution Growth & Schedule
Per-period growth of the payout, the latest schedule, and how long distributions take to repay NAV.
Distribution Growth by Lookback Period
Latest Distribution Schedule
Record date
2026-08-05
Ex-dividend
2026-08-05
Pay date
—
Payback Period
8.4 yr
Dist. Since Incep.
$5.9
Holdings & Concentration
Position sizing, top-name weights, and concentration risk.
Sector Mix · Tilt vs Nasdaq-100
No sector feed for this fund.
Holdings
107
Top-10 Wt.
—
Technical Signal & Liquidity
Moving-average posture and a read on tradability.
Price vs. Moving Averages
No moving-average series.
Price $49.50
50-DMA $—
200-DMA $—
Liquidity
Avg daily volume
286K
Avg dollar volume
$13,584,098
Bid/ask spread
0.18%
Premium/discount
-0.04%
Turnover
—
Estimated bid/ask spread ~0.29% (moderate). Average daily dollar volume ~$13.6M (liquid). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.
Assets Under Management
Trend: Falling. Source: shares×price (Massive, monthly).
AUM ($)
$288M
$288M$152M$16M
FEB '26AUG '26
SOURCES Massive market-data API, SEC EDGAR filings, issuer disclosures.
XQQI · 2026-08-10
Prepared by Streamfolio
Research aid, not investment advice.
Prepared by Streamfolio
Research aid, not investment advice.