HYBINEOS Enhanced Income Credit Select ETF
Seeks total return from income and capital appreciation while providing tax-efficient monthly income.
By Neos Funds · Launched 2024
0.68%
#3,411 of 5,562 · average
$226M
#2,219 of 5,562 · mid-size
8.36%
1 year
#3,849 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
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
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks total return from income and capital appreciation while providing tax-efficient monthly income.
- Strategy
- Actively managed fund-of-funds investing at least 80% of net assets in U.S. high-yield (junk) and investment-grade bonds and U.S. Treasuries, primarily via underlying bond ETFs, with allocation driven by a proprietary trend-following model. Overlays an S&P 500 Index put spread (short SPX puts up to 100% notional plus long SPX puts) to generate additional monthly income, leveraging Section 1256 tax treatment.
- Inception date
- September 27, 2024
- Fund family
- Neos Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20