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SHP ETF Trust - NEOS Enhanced Income Aggregate Bond ETF (BNDI)
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Upturn Advisory Summary
11/05/2025: BNDI (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 7.17% | Avg. Invested days 56 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  3.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 11/05/2025 |
Key Highlights
Volume (30-day avg) - | Beta - | 52 Weeks Range 44.14 - 47.57 | Updated Date 06/29/2025 |
52 Weeks Range 44.14 - 47.57 | Updated Date 06/29/2025 |
Upturn AI SWOT
SHP ETF Trust - NEOS Enhanced Income Aggregate Bond ETF
ETF Overview
Overview
The NEOS Enhanced Income Aggregate Bond ETF (BNDI) seeks to provide current income while preserving capital by investing in a diversified portfolio of investment-grade U.S. aggregate bonds and utilizing covered call options.
Reputation and Reliability
NEOS is a relatively new ETF issuer. Their reputation is still developing, but they focus on innovative income-generating strategies.
Management Expertise
NEOS employs experienced portfolio managers with expertise in fixed income and options trading.
Investment Objective
Goal
To provide current income while preserving capital.
Investment Approach and Strategy
Strategy: BNDI aims to outperform the Bloomberg U.S. Aggregate Bond Index by using covered call options to generate income.
Composition The ETF primarily holds investment-grade U.S. aggregate bonds, diversified across sectors and maturities. It also uses options strategies.
Market Position
Market Share: Data unavailable to calculate BNDI's market share in its sector due to its specialized strategy.
Total Net Assets (AUM): 74300000
Competitors
Key Competitors
- AGG
- SCHZ
- VUSB
- IUSB
Competitive Landscape
The aggregate bond ETF market is dominated by large, low-cost index trackers. BNDI differentiates itself through its enhanced income strategy using covered calls. This potentially provides higher income but also introduces different risk/return profile compared to competitors.
Financial Performance
Historical Performance: Historical performance data should be analyzed considering the ETF's inception date, typically obtained from official fund data.
Benchmark Comparison: Comparing BNDI's performance against the Bloomberg U.S. Aggregate Bond Index will reveal the effectiveness of its enhanced income strategy.
Expense Ratio: 0.58
Liquidity
Average Trading Volume
The average trading volume is a key indicator of its ease of trade; currently, it demonstrates relatively low liquidity.
Bid-Ask Spread
The bid-ask spread should be monitored to gauge the cost of trading and this can fluctuate based on trading volume.
Market Dynamics
Market Environment Factors
Interest rate movements, credit spreads, and overall economic conditions will significantly impact BNDI's performance. The covered call strategy is generally favorable in sideways or slightly declining markets.
Growth Trajectory
BNDI's growth depends on its ability to attract investors seeking higher income than traditional bond ETFs. Changes to its options strategy or holdings should be monitored.
Moat and Competitive Advantages
Competitive Edge
BNDI's competitive edge lies in its enhanced income strategy using covered calls, differentiating it from standard aggregate bond ETFs. This strategy may appeal to income-seeking investors looking for yields above those of traditional bond funds. It uses an active strategy within a passive asset class to provide higher yields and mitigate risks by generating income through option premiums. These options provide downside protection in a declining market.
Risk Analysis
Volatility
BNDI's volatility should be analyzed relative to its benchmark and peers, considering the impact of the covered call strategy.
Market Risk
Specific risks include interest rate risk, credit risk, and the risk associated with the covered call strategy, which can limit upside potential in rising markets.
Investor Profile
Ideal Investor Profile
The ideal investor for BNDI is one seeking current income and willing to accept potentially lower capital appreciation in exchange for higher yields. This could include retirees or those seeking to supplement their income.
Market Risk
BNDI may be suitable for long-term investors seeking income and diversification, but investors should understand the risks associated with the covered call strategy.
Summary
BNDI is a unique aggregate bond ETF that utilizes covered calls to enhance income. This strategy offers the potential for higher yields than traditional bond funds but may limit upside potential. It is suitable for income-seeking investors who understand the risks involved and are willing to trade potential capital appreciation for enhanced income. The ETF's performance is influenced by interest rate movements, credit spreads, and the effectiveness of its options strategy.
Similar ETFs
Sources and Disclaimers
Data Sources:
- neosfunds.com
- etf.com
- morningstar.com
Disclaimers:
This analysis is based on available data and is not financial advice. Investors should conduct their own due diligence before investing.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About SHP ETF Trust - NEOS Enhanced Income Aggregate Bond ETF
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund is an actively-managed ETF that seeks to achieve its investment objective by (i) investing 80% or more of its assets in bonds or ETFs that invest 80% or more of their assets in bonds and forwards, options or futures contracts related to bonds and seek to obtain exposure to the performance of the U.S. Aggregate Bond market or directly in the securities held by such ETFs and (ii) selling and purchasing S&P 500® Index put options to generate income to the fund beyond what is received from the underlying investments.
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