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HYBINEOS Enhanced Income Credit Select ETF

Get income1y track recordRanked #944 of 1,650 in this goal

Seeks total return from income and capital appreciation while providing a tax efficient monthly income.

By Neos Funds · Launched 2024

Annual Cost

0.68%

#3,555 of 5,861 · average

Fund Size

$224M

#2,268 of 5,861 · mid-size

Dividend YieldGoal

8.33%

Track Record

1 year

#3,753 of 5,861 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$10,564+5.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 9 holdings = 100.0% of fund✓ diversified through underlying funds

United States Treasury Bill
93.7%
First American Treasury Obliga
6.3%
Northern US Government Money M
0.1%
N/ASPXW 4 P5900
0.0%
N/ASPXW 4 P5875
0.0%
N/ASPXW 4 P5800
0.0%
N/ASPXW 4 P6050
-0.0%
N/ASPXW 4 P6125
-0.1%
N/ASPXW 4 P6175
-0.1%

Asset allocation

Bonds
94.7%
Cash
5.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
3.4%Low

Year-on-year price swings

Max drawdown
-4.7%Mild

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
NASDAQ Global Select Market

Full fund details

Objective
Seeks total return from income and capital appreciation while providing a tax efficient monthly income.
Strategy
Actively manages a portfolio primarily invested in U.S. high-yield and investment grade debt securities, utilizing S&P 500® Index put options to generate additional income. Aims for total return while focusing on tax efficiency.
Inception date
September 27, 2024
Fund family
Neos Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

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

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Data updated on 2026-08-04