NEOS Boosted Nasdaq-100 High Income ETF (XQQI)

The NEOS Boosted Nasdaq-100 High Income ETF (XQQI) is an exchange-traded fund from NEOS Investments. It seeks to generate high monthly income while maintaining exposure to the Nasdaq-100 Index, the benchmark of the largest non-financial companies listed on Nasdaq.

The fund builds on the option-income approach NEOS uses in its Nasdaq-100 income strategies, which involves holding Nasdaq-100 exposure and writing index call options to collect premium. The boosted version adds a degree of leverage to its equity exposure, aiming for more participation in index moves and a higher level of option income than an unleveraged covered-call strategy.

Because it writes calls, the fund's upside in strong rallies can be limited, and the leverage can magnify losses as well as gains.