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Upturn AI SWOT - About
SHP ETF Trust - NEOS Enhanced Income Aggregate Bond ETF (BNDI)
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Upturn Advisory Summary
02/13/2025: 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.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 0.51% | Avg. Invested days 35 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/13/2025 |
Key Highlights
Volume (30-day avg) 14103 | Beta - | 52 Weeks Range 43.63 - 47.67 | Updated Date 04/1/2025 |
52 Weeks Range 43.63 - 47.67 | Updated Date 04/1/2025 |
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 offering exposure to a broad range of U.S. investment-grade bonds. It utilizes a covered call strategy on a portion of its holdings to generate enhanced income.
Reputation and Reliability
NEOS is a relatively new but increasingly recognized ETF issuer. Reputation is still developing, but showing signs of reliability.
Management Expertise
NEOS's management team comprises experienced professionals in options and fixed-income investing.
Investment Objective
Goal
The fund seeks to provide current income and capital appreciation by investing in a portfolio of U.S. investment-grade bonds and employing a covered call strategy.
Investment Approach and Strategy
Strategy: Employs a covered call strategy on a portion of its bond holdings to generate income above traditional bond yields.
Composition Primarily holds U.S. investment-grade bonds, with a portion of the portfolio allocated to options on the bond index.
Market Position
Market Share: Data unavailable to accurately assess BNDI's specific market share.
Total Net Assets (AUM): 266361824
Competitors
Key Competitors
- AGG
- BND
- SPAB
- LQD
Competitive Landscape
The ETF industry is highly competitive. BNDI differentiates itself with its covered call strategy for enhanced income, but faces competition from established, low-cost index trackers like AGG and BND. Advantages include higher potential income, while disadvantages include potential for capped upside and increased complexity.
Financial Performance
Historical Performance: Historical performance data needs more tracking, as this is a newer fund.
Benchmark Comparison: Benchmark comparisons are difficult given the unique strategy. However, it generally aims to outperform the aggregate bond index on a total return basis (income + capital appreciation).
Expense Ratio: 0.58
Liquidity
Average Trading Volume
The ETF has moderate trading volume, which reflects its growing popularity and allows for relatively easy entry and exit of positions.
Bid-Ask Spread
The bid-ask spread is generally competitive, which indicates sufficient liquidity and relatively low transaction costs.
Market Dynamics
Market Environment Factors
Interest rate movements, credit spreads, and volatility in the options market significantly impact BNDI's performance.
Growth Trajectory
Growth depends on the continued attractiveness of its enhanced income strategy relative to traditional bond ETFs and changes in the bond market.
Moat and Competitive Advantages
Competitive Edge
BNDI's competitive edge lies in its unique covered call strategy applied to a broad bond index. This strategy offers the potential for higher income compared to traditional bond ETFs, appealing to income-seeking investors. This advantage can draw investors looking for yield in a low-interest-rate environment. Furthermore, NEOS' innovative approach and active management style can differentiate it from passively managed competitors.
Risk Analysis
Volatility
BNDI's volatility may be slightly higher than traditional bond ETFs due to the options component and active management.
Market Risk
The ETF is subject to interest rate risk, credit risk, and the risk associated with the covered call strategy, including capped upside potential.
Investor Profile
Ideal Investor Profile
The ideal investor is a yield-seeking investor who understands options strategies and is looking for enhanced income from fixed income investments.
Market Risk
It's suitable for investors seeking income and who are comfortable with moderate risk.
Summary
The NEOS Enhanced Income Aggregate Bond ETF (BNDI) offers exposure to investment-grade bonds with a covered call strategy for enhanced income. It's suitable for income-seeking investors comfortable with options and moderate risks. It differentiates itself through its strategy, appealing to those desiring higher yields. However, it faces competition from established low-cost bond ETFs, and its performance is influenced by interest rates and option market volatility. Its a newer fund and investors should use caution given this.
Similar Companies
AGG
iShares Core U.S. Aggregate Bond ETF
AGG
iShares Core U.S. Aggregate Bond ETF
BND
Vanguard Total Bond Market Index Fund ETF Shares
BND
Vanguard Total Bond Market Index Fund ETF Shares
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
iShares iBoxx $ Investment Grade Corporate Bond ETF
SPAB
SPDR® Portfolio Aggregate Bond ETF
SPAB
SPDR® Portfolio Aggregate Bond ETF
Sources and Disclaimers
Data Sources:
- NEOS ETF Trust, ETF.com, Bloomberg, Morningstar
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Consult with a financial advisor before making any investment decisions.
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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