QQQI Dividend: Next Ex-Date, History & Total Return

The NEOS Nasdaq-100® High Income ETF (QQQI) is an actively managed ETF that owns the stocks in the Nasdaq-100 Index and sells call options on the index itself, known as NDX. Its stated goal is high monthly income in a tax efficient manner with the potential for equity appreciation, and it seeks to generate that income from the NDX call premiums and the dividends of the companies it owns.^1,2

The Nasdaq-100 is made up of 100 of the largest non-financial companies listed on The Nasdaq Stock Market, weighted by market capitalization. Those companies may be domiciled in the U.S. or abroad, including in emerging markets, and their securities may include depositary receipts and tracking stocks.¹

Under normal circumstances, at least 80% of QQQI's net assets, plus borrowings for investment purposes, go into Nasdaq-100 companies or derivatives linked to them. It generally holds every index component in about the index's proportions. Its adviser, NEOS Investment Management, LLC, may instead use a representative sample when it believes that is in the fund's best interests, for example when full replication involves practical difficulties or substantial costs.¹

QQQI typically writes NDX calls on up to 100% of the value of its stock holdings, with strike prices typically close to the index's current level.^1,2

The prospectus performance table compares QQQI with the Cboe Nasdaq-100 BuyWrite Index, along with two Nasdaq total return indexes. NEOS describes that index as passive. It holds a Nasdaq-100 stock portfolio and, generally on the third Friday of each month, writes a near-term NDX call with a strike just above the index level, holding it until expiration.^1,2

From time to time, QQQI's adviser actively manages the written and purchased calls before they expire, in an attempt to capture gains and minimize losses from Nasdaq-100 moves. The adviser also may, under certain circumstances, enter a call spread, buying calls in addition to the ones it sells.¹

When QQQI uses a call spread, it buys out-of-the-money NDX calls with strikes typically above the index's current level and seeks a net credit, which the prospectus defines as the difference between the premium from the calls it sells and the cost of the calls it buys. The prospectus says those purchased calls could potentially let the fund share in the Nasdaq-100's gains when the index rises.¹

In 2025, QQQI made 12 distributions that added up to $7.44 per share, according to Dividend Stacker's record of past payments. The smallest of those payments was $0.5309 and the largest was $0.6445. NEOS says there is no guarantee its ETFs will make monthly distributions, and the amounts may fluctuate from month to month.^2,3

By writing NDX calls, QQQI gives up the opportunity to benefit from Nasdaq-100 gains above the strike prices while continuing to bear the risk of declines. The premiums may not be sufficient to offset losses from the volatility of the underlying stocks over time. Exchanges may also suspend options trading in volatile markets, and the fund may then be unable to write calls when it would want to.¹

On the calls it buys, QQQI risks losing the entire premium paid if it does not exercise them. More broadly, the prospectus warns that the fund's use of derivatives may reduce its returns or increase volatility. It adds that losses on derivative positions from unanticipated market movements are potentially unlimited.¹

The Nasdaq-100 has been concentrated in information technology, so QQQI's performance may depend to a greater extent on the overall condition of that sector, where products may face obsolescence due to rapid technological developments. As of its prospectus date, QQQI is managed as non-diversified because the Nasdaq-100 itself is non-diversified. To the extent it is non-diversified, a change in the value of one or a few companies will affect QQQI more than it would a diversified fund.¹

QQQI is actively managed, and there is no guarantee the adviser's investment views will produce the desired results, which may cause the fund to underperform its benchmark index or funds with similar strategies. Active trading may result in high portfolio turnover, higher brokerage costs and adverse tax consequences.¹

Derivatives may adversely affect the timing, character and amount of income QQQI realizes. As a result, a larger portion of its distributions may be treated as ordinary income rather than capital gains.¹