Latest news with #Nasdaq-100HighIncomeETF
Business Wire
03-06-2025
- Business
- Business Wire
ProShares' High Income ETFs Surpass $1 Billion in Assets
BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of exchange-traded funds (ETFs), today announced that its suite of High Income ETFs has surpassed $1 billion in assets under management. 1 This milestone underscores growing investor demand for the company's differentiated income solutions. ProShares' High Income ETF lineup includes the S&P 500 High Income ETF (ISPY), Nasdaq-100 High Income ETF (IQQQ), and Russell 2000 High Income ETF (ITWO). Each fund's strategy utilizes daily call options—an innovation that ProShares pioneered with the launch of ISPY in December 2023. As a result, the products are designed to generate high income potential in the short term while offering equity upside over the long term. 'Investors looking to generate income from their portfolios often face a difficult trade-off: sacrificing upside for higher yields,' said Mo Haghbin, Managing Director and Head of Strategic ETFs at ProShares. 'Our High Income ETFs represent a compelling solution, allowing investors to pursue both their income and growth objectives.' Traditional covered call ETFs have largely focused on income generation at the expense of total return. ProShares' first-to-market approach changes that equation. As industry-wide assets in covered call ETFs exceed $100 billion, ProShares continues to lead in delivering novel solutions to the challenges commonly faced by investors. 'We appreciate the confidence that clients have placed in our strategies, helping us reach this important milestone,' added Mr. Haghbin. 'We remain committed to innovation and to providing investors with products built to meet their evolving needs.' About ProShares ProShares has been at the forefront of the ETF revolution since 2006. ProShares manages over $80 billion in assets and offers one of the largest lineups of ETFs. The company is a leader in strategies such as crypto-linked, dividend growth, high income, interest rate hedged bond, and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns. 1 ProShares first surpassed $1bn in assets in its High Income ETF suite on May 29, 2025. The Funds seek to replicate a daily covered call strategy by investing in equity securities and derivatives. The Funds do not sell (write) call options. This is not intended to be investment advice. Investing involves risk, including the possible loss of principal. These ProShares ETFs are non-diversified and entail certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), investments in smaller companies, imperfect benchmark correlation, and market price variance, all of which can increase volatility and decrease performance. Please see summary and full prospectuses for a more complete description of risks on There is no guarantee any ProShares ETF will achieve its investment objective. The performance of the Funds may not correspond to the performance of their respective indexes, the Funds may not be successful in generating income for investors, and the Funds may not capture returns that traditional covered call strategies may sacrifice. The S&P 500 Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the S&P 500 Index with a short position in S&P 500 Index call options. The Nasdaq-100 ® Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 ® Index call options. The Cboe Russell 2000 Daily Covered Call Index replicates the performance of a covered call investment strategy that combines a long position in the Russell 2000 Index with a short position in Russell 2000 Index call options. In particular, each index is designed to replicate a daily covered call strategy that sells call options with one day to expiration each day. Each Fund intends to make distributions each month of an amount that reflects the dividends and call premium income earned by a daily covered call strategy on its index (net of expenses). There can be no guarantee that the Funds will make distributions, and the amount of such distributions, if any, may vary significantly from month to month. On 19a-1 notices, each Fund discloses the accounting source of each distribution, either net investment income or accounting return of capital. The accounting source of the distribution does not impact whether the distribution is considered to be taxable income or a tax return of capital for income tax purposes. Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns. Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses at The S&P 500 Daily Covered Call Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P ®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones ®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the S&P 500 Daily Covered Call Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES. Nasdaq ®, Nasdaq-100 Index ®, Nasdaq-100 ®, NDX ®, Nasdaq-100 Daily Covered Call™ Index, NDXDCC™, Nasdaq-100 Daily Covered Call Option™ Index, NDXDCCOV™, Nasdaq-100 Daily Covered Call Income™ Index, NDXDCCI™, are registered trademarks of Nasdaq, Inc. (which with its affiliates and third party licensors is referred to as the 'Corporations') and are licensed for use by ProShare Advisors LLC. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). London Stock Exchange Group plc and its group undertakings (collectively, the 'LSE Group'). ©LSE Group 2024. FTSE Russell is a trading name of certain of the LSE Group companies. The 'Cboe Russell 2000 Daily Covered Call Index', and 'Russell ® ' are trademarks of the relevant LSE Group companies and are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company's express written consent. The LSE Group does not promote, sponsor or endorse the content of this communication. ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds' advisor or sponsor.
Yahoo
07-05-2025
- Business
- Yahoo
QQQI Awarded "Best New Active ETF" at the 2025 ETF.com Awards
WESTPORT, Conn., May 07, 2025--(BUSINESS WIRE)--NEOS Investments is proud to announce that the NEOS Nasdaq-100 High Income ETF (Ticker: QQQI) was awarded "Best New Active ETF" at the 2025 Awards, recognizing its standout approach to seeking high monthly income, tax efficiency, and upside potential within the rapidly growing segment of the options-based ETF market. Launched on January 30, 2024, QQQI aims to offer: High monthly income through a data-driven call option strategy on the Nasdaq-100 Tax efficiency by utilizing index options classified under Section 1256 and actively implementing portfolio tax-loss harvesting Upside capture in rising markets, allowing investors to pursue strong total returns alongside the Fund's primary goal of tax-efficient monthly income generation "This award highlights the differentiated value QQQI brings to income-focused investors," said Garrett Paolella, Co-Founder and Managing Partner at NEOS Investments. "In addition to seeking high monthly income and upside potential, QQQI stands out for its tax-efficiency — a critical yet often overlooked factor that can significantly enhance after-tax outcomes for investors looking to keep more of what they earn." The recognition from validates QQQI's early success in building investor confidence, with strong adoption and performance since inception. The fund's strategy has resonated with investors looking for more than traditional covered call exposure to the Nasdaq-100. NEOS Investments, founded in 2022 and headquartered in Westport, CT, was established by a team of options-based ETF pioneers with decades of experience developing and managing some of the industry's most widely used options-based ETFs. NEOS offers a suite of ETFs designed to deliver the next evolution of options-based investing — where seeking income is the outcome. The firm's solutions aim to provide investors with core portfolio building blocks that offer monthly income, tax efficiency, and diversification through a data-driven approach. For more information about QQQI and the full suite of NEOS strategies, visit Important Disclosures: Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866) 498-5677 or download QQQI's prospectus here. Please read the prospectus carefully before you invest. An investment in NEOS ETFs involve risk, including possible loss of principal. The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund's gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. The funds are new with a limited operating history.
