OppenFolio holds 132 shares of SPYI, with a cost basis of $6,940 accumulated since 2025-11-17. On price alone the position is down 2.44%, but $434 in dividends received over 11 payments has flipped the total return to +3.81% on cost. SPYI is currently running at a 12-month trailing yield of 12.33%, about $107 per $1,000 invested per year. It contributes about 5.4% of the portfolio's expected income.
Why this is held
NEOS S&P 500 High Income. Same covered-call income story as JEPI, but run by NEOS instead of JPMorgan. Held primarily as manager diversification — the shell had drifted heavily toward JP-managed products, so SPYI and QQQI were added to test whether a different team's option-overwrite style could deliver comparable yield on the same indices. NEOS's distribution structure (return-of-capital treatment) is a useful side benefit on the tax side, but the real reason this is in the portfolio is to avoid single-shop concentration.
Position metrics
YES (Yield Efficiency Score) combines yield, NAV trend, and stability — above 0.5 is generally favorable. NAV decay is the value-weighted annualized drift in price.
Trade history
7 trades executed.
| Date | Side | Shares | Price |
|---|---|---|---|
| 2025-11-17 19:37:14 | Buy | 29 | $51.8200 |
| 2025-11-20 17:33:43 | Buy | 15 | $51.3500 |
| 2025-12-11 17:28:04 | Buy | 19 | $53.0500 |
| 2026-07-27 19:27:31 | Buy | 19 | $52.3500 |
| 2026-07-29 16:38:14 | Buy | 15 | $51.9600 |
| 2026-08-26 17:35:38 | Buy | 13 | $53.5100 |
| 2026-10-09 16:13:35 | Buy | 22 | $54.0500 |
Dividend payments received
11 payments totaling $433.57.
| Date | Amount |
|---|---|
| 2025-11-30 | $22.95 |
| 2025-12-27 | $33.49 |
| 2026-02-21 | $32.88 |
| 2026-03-21 | $32.16 |
| 2026-04-25 | $33.06 |
| 2026-05-23 | $33.72 |
| 2026-06-19 | $33.45 |
| 2026-07-25 | $33.39 |
| 2026-08-23 | $52.60 |
| 2026-09-19 | $58.72 |
| 2026-10-28 | $67.15 |