 The
Shp Neos S&P 500 High Income ETF (SPYI) is an exchange-traded fund
(ETF) that seeks to provide investors with exposure to high
dividend-yielding US large-cap stocks included in the S&P 500 Index.
The ETF's objective is to track the performance of the S&P 500 High
Income Index, which is a proprietary index developed by the ETF's
issuer, Shp Neos.
SPYI invests in a portfolio of US large-cap
stocks included in the S&P 500 Index, with the goal of providing
investors with exposure to the US equity market, while also seeking to
provide high income through dividend payments. The ETF's holdings are
selected based on factors such as dividend yield, dividend growth, and
payout ratio.
As of September 2021, the SPYI ETF has a net
asset value (NAV) of approximately $50 million and holds a portfolio
of over 80 US large-cap stocks. The ETF's expense ratio is 0.35%,
which is relatively low compared to other high dividend-yielding ETFs.
SPYI has a track record of providing investors with solid returns
and high income through dividend payments. Since its inception in
2018, the fund has provided investors with an annualized return of
around 9% (as of March 23, 2023) and a dividend yield of around 4%.
Overall, the Shp Neos S&P 500 High Income ETF (SPYI) could be a
good investment option for investors looking to invest in US large-cap
stocks that pay high dividends. However, as with any investment, it is
important to conduct thorough research and consider factors such as
risk tolerance, investment objectives, and fees before making a
decision. Additionally, investors should be aware that investing in
high dividend-yielding stocks can involve higher risks compared to
other types of stocks, and that the dividend yield may not be
sustainable over the long term.
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