CSHI

NEOS Enhanced Income Cash Alternative ETF

Fact Sheet   How to invest

As of 10/31/2022

Distribution Frequency

Monthly

Expense Ratio

0.38%

Distribution Yield

4.58%

30-Day SEC Yield

2.68%

Targeted Benefits of CSHI's Strategy:

  1. The Fund seeks to distribute monthly income generated from investing in a portfolio of 1-3 month Treasury Bills and implementing a data-driven put option strategy
  2. Actively managed by NEOS, the Fund seeks to take advantage of tax loss harvesting opportunities in addition to utilizing SPX Index options classified as section 1256 contracts, which are subject to lower 60/40 tax rates
  3. The Fund utilizes a put option strategy consisting of written (sold) and purchased put options on the SPX index that seeks to enhance the income generated from the underying T-Bills while maintaining a low risk profile

Investment Objective:

The NEOS Enhanced Income Aggregate Bond ETF (NYSE: CSHI) seeks monthly income in a tax efficient manner

Fund Details As of: 11/25/2022
Fund Inception 8/30/2022
Fund Ticker CSHI
CUSIP 78433H501
ISIN US78433H501
Gross Expense Ratio 0.38%
Net Assets $999,965
Shares Outstanding 20,000
Primary Exchange NYSE
Underlying Index 1-3 Month T-Bills
Distribution Frequency Monthly

Pricing Information

Data as of 11/25/2022

Closing NAV Price
Net Asset Value $50.00
Daily Change ($) $0.01
Daily Change (%) 0.03%
Closing Market Price
Market Price $50.00
Daily Change ($) $0.01
Daily Change (%) 0.02%
Premium / Discount
Premium Discount (%) 0.00%
30-Day Median Bid-Ask Spread (%) 0.10%
Premium / Discount Information

Where might CSHI fit into an investment portfolio?

CSHI invests in an underlying portfolio of T-Bills and implements an options overlay strategy that seeks enhanced monthly income, which may offer investors a tax efficient income stream that surpasses their stagnant cash allocations.

Fund Performance

Data as of: 10/31/2022

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance 0.61% -- -- -- 0.77% -- -- --
Market Price Performance 0.65% -- -- -- 0.80% -- -- --
Bloomberg 1-3 Month U.S. Treasury Bill Index 0.22% -- -- -- 0.44% -- -- --

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.

CSHI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Market Price returns are based upon the official closing price on the listing exchange (NYSE) at 4:00 p.m. ET when NAV is normally determined for CSHI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

Data as of: 09/30/2022

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance 0.14% -- -- -- 0.16% -- -- --
Market Price Performance 0.09% -- -- -- 0.15% -- -- --
Bloomberg 1-3 Month U.S. Treasury Bill Index 0.20% -- -- -- 0.22% -- -- --

Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.

CSHI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns.

Market Price returns are based upon the official closing price on the listing exchange (NYSE) at 4:00 p.m. ET when NAV is normally determined for CSHI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.

Distributions

Data as of 10/31/2022

Distribution Information
Distribution Frequency Monthly
Distribution Yield 4.58%
12-Month Trailing Yield --
Distribution Amount / Share ($) $0.19060
Distribution / Share (%) 0.38%
30-Day SEC Yield 2.68%
Declaration Date Record Date Ex-Div Date Payable Date Amount ($)
9/20/2022 9/22/2022 9/21/2022 9/23/2022 $0.16040
10/25/2022 10/27/2022 10/26/2022 10/28/2022 $0.19060
11/22/2022 11/25/2022 11/23/2022 11/28/2022 --
12/22/2022 12/27/2022 12/23/2022 12/28/2022 --
Supplemental Tax Information

Holdings

Data as of 11/28/2022   Download Full Holdings

Security Name Identifier Weighting (%)
United States Treas Bills 12/29/2022 912796R27 49.83%
Cboe S&p Put Opt 12/22 3500 SPXW 221209P03500000 0.01%
Cboe S&p Put Opt 12/22 3460 SPXW 221209P03460000 0.01%
Cboe S&p Put Opt 12/22 3625 SPXW 221209P03625000 -0.02%
Cboe S&p Put Opt 12/22 3700 SPXW 221209P03700000 -0.02%

Holdings are subject to change

Potential Benefits of Utilizing Options-Based ETFs


High Monthly Income

Investors may seek increased income generation potential within their portfolios through option writing (selling).


Lower Correlation

Options-based solutions may be less sensitive to traditional market risk factors such as credit, duration, and inflation risk.


Tax Efficiency

Index options are classified as Section 1256 contracts, which are subject to lower 60/40 tax rates.

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