Neos Enhanced Income Aggregate Bond ETF (BNDI)
- Previous Close
46.02 - Open
46.13 - Bid 46.09 x 800
- Ask 46.16 x 800
- Day's Range
46.13 - 46.14 - 52 Week Range
44.83 - 49.45 - Volume
731 - Avg. Volume
3,085 - Net Assets 9.95M
- NAV 45.95
- PE Ratio (TTM) --
- Yield 5.33%
- YTD Daily Total Return -3.26%
- Beta (5Y Monthly) 0.00
- Expense Ratio (net) 0.58%
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.
Neos Funds
Fund Family
Multisector Bond
Fund Category
9.95M
Net Assets
2022-08-29
Inception Date
Performance Overview: BNDI
Trailing returns as of 4/25/2024. Category is Multisector Bond.
People Also Watch
Holdings: BNDI
Top 4 Holdings (100.04% of Total Assets)
Sector Weightings
Recent News: BNDI
Research Reports: BNDI
Daily Spotlight: GDP Growth Slows to 1.6%
According to the advance estimate released today by the Bureau of Economic Analysis, U.S. Gross Domestic Product expanded in the first quarter at an annualized rate of 1.6%. That's well below the 2.5% consensus and 3.4% growth in the fourth quarter. Personal consumption expenditures were up 2.5%, but that number may not be as solid as it appears. The consumer category was carried by the huge services category, which was up 4.0%. Consumer spending on goods declined 0.4%, which may worry the Fed. Within goods, nondurable goods were flat but durables were down 1.2%. We believe weakness in big-ticket categories such as furniture and household equipment is a sign that many consumers are feeling the weight of still-high food prices and record credit-card rates. Within this context, it may seem surprising that residential fixed investment (housing) was up 13.9%. We believe the answer is that the big Millennial generation is coming of age and forming households. With the inventory of existing homes constrained as owners are locked in with low mortgage rates, prospective buyers are turning to the new-home market. The GDP report also contains data on inflation, which, consistent with recent reports, came in hotter than we hoped. The PCE Price Index increased 3.4% in the first quarter, compared with an increase of 1.8% in the fourth quarter. Excluding food and energy, the index increased 3.7%, compared with an increase of 2.0% in the previous quarter. In our view, the report this morning indicates that many consumers are feeling the weight of inflation that is lingering the after Fed's 11 rate hikes. After the report, futures on the S&P 500 fell. The yield on the 10-year Treasury note rose, probably on the inflation numbers. Based on futures trading, there was little change in the expectation that the Fed will maintain its 5.25%-5.5% policy target at its meetings in May and June. Futures continued to show that the chance of a rate cut in September is slightly better than 50%.
MPW: What does Argus have to say about MPW?
MEDICAL PROPERTIES TRUST INC has an Investment Rating of SELL; a target price of $4.000000; an Industry Subrating of Low; a Management Subrating of High; a Safety Subrating of Low; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Low.
RatingPrice TargetMPW: Raising target price to $4.00
MEDICAL PROPERTIES TRUST INC has an Investment Rating of SELL; a target price of $4.000000; an Industry Subrating of Low; a Management Subrating of High; a Safety Subrating of Low; a Financial Strength Subrating of High; a Growth Subrating of Medium; and a Value Subrating of Low.
RatingPrice TargetAnalyst Report: Kilroy Realty Corporation
Kilroy Realty is a premier owner and landlord of approximately 17 million square feet of office space across Los Angeles, San Diego, the San Francisco Bay Area, Austin, Texas, and greater Seattle. The company operates as a real estate investment trust.
RatingPrice Target