NEOS Boosted S&P 500 High Income ETF (XSPI)

The NEOS Boosted S&P 500 High Income ETF (XSPI) is an exchange-traded fund from NEOS Investments. It seeks to deliver high monthly income while maintaining exposure to the S&P 500 Index of large-cap U.S. companies.

The fund extends the option-income approach NEOS uses in its S&P 500 income strategy, which holds S&P 500 exposure and writes index call options to collect premium. The boosted version adds leverage to its equity exposure, aiming for greater participation in index returns and higher option income than an unleveraged version.

Writing calls can cap gains during strong rallies, while the added leverage can amplify losses in market declines.