BNDINeos Enhanced Income Aggregate Bond ETF
Seeks to generate monthly income in a tax efficient manner.
By Neos Funds · Launched 2022
0.58%
#3,048 of 5,861 · average
$182M
#2,428 of 5,861 · mid-size
5.80%
3 years
#2,698 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 100.0% of fund✓ diversified through underlying funds
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to generate monthly income in a tax efficient manner.
- Strategy
- Actively manages a diversified portfolio of bonds and ETFs that invest primarily in bonds, while also selling S&P 500® Index put options to enhance income. Focuses on investment grade and high yield securities, aiming for tax efficient returns.
- Inception date
- August 29, 2022
- Fund family
- Neos Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
What's next?
You've looked at BNDI. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.
Data updated on 2026-08-04