CSHI

NEOS Enhanced Income 1-3 Month T-Bill ETF

Fact Sheet   How to invest

As of 01/31/24

Distribution Frequency

Monthly

Expense Ratio

0.38%

Distribution Yield

6.03%

30-Day SEC Yield

5.05%

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 1-3 Month T-Bill ETF (NYSE: CSHI) seeks monthly income in a tax efficient manner

Fund Details As of: 02/27/2024
Fund Inception 8/30/2022
Fund Ticker CSHI
CUSIP 78433H501
ISIN US78433H501
Gross Expense Ratio 0.38%
Net Assets $314,898,668
Shares Outstanding 6,320,000
Primary Exchange NYSE
Underlying Exposure 1-3 Month U.S. T-Bills
Distribution Frequency Monthly

Pricing Information

Data as of 02/27/2024

Closing NAV Price
Net Asset Value $49.83
Daily Change ($) $0.01
Daily Change (%) 0.02%
Closing Market Price
Market Price $49.85
Daily Change ($) $0.02
Daily Change (%) 0.03%
Premium / Discount
Premium Discount (%) 0.04%
30-Day Median Bid-Ask Spread (%) 0.02%
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 T-Bill allocations.

Fund Performance

Data as of: 01/31/2024

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance 0.44% 1.43% 2.96% 0.44% 8.24% 6.14% -- --
Market Price Performance 0.48% 1.47% 2.98% 0.48% 8.31% 5.99% -- --
Bloomberg 1-3 Month U.S. Treasury Bill Index 0.44% 1.36% 2.74% 0.44% 6.77% 5.24% -- --

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: 12/31/2023

1 Mo 3 Mo 6 Mo YTD Since Inception 1 Yr 3 Yr 5 Yr
Cumulative Annualized
NAV Performance 0.47% 1.57% 2.96% 6.24% 7.77% 6.24% -- --
Market Price Performance 0.43% 1.60% 2.88% 6.21% 7.79% 6.21% -- --
Bloomberg 1-3 Month U.S. Treasury Bill Index 0.47% 1.38% 2.74% 5.14% 6.30% 5.14% -- --

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

Distribution Information
(as of 01/31/24)
Distribution Frequency Monthly
Distribution Yield 6.03%
12-Month Trailing Yield 6.20%
Distribution Amount / Share ($) $0.2503
Distribution Amount / Share (%) 0.50%
30-Day SEC Yield 5.05%
2023 Distribution Calendar
2022 Distribution Calendar
Supplemental Tax Information: 19a-1 Notices
Supplemental Tax Information: Form 8937
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
1/23/2024 1/24/2024 1/25/2024 1/26/2024 $0.2503
2/20/2024 2/21/2024 2/22/2024 2/23/2024 $0.2501
3/19/2024 3/20/2024 3/21/2024 3/22/2024
4/23/2024 4/24/2024 4/25/2024 4/26/2024
5/21/2024 5/22/2024 5/23/2024 5/24/2024
6/25/2024 6/26/2024 6/26/2024 6/27/2024
7/23/2024 7/24/2024 7/24/2024 7/25/2024
8/20/2024 8/21/2024 8/21/2024 8/22/2024
9/24/2024 9/25/2024 9/25/2024 9/26/2024
10/22/2024 10/23/2024 10/23/2024 10/24/2024
11/19/2024 11/20/2024 11/20/2024 11/21/2024
12/23/2024 12/24/2024 12/24/2024 12/26/2024

Top Holdings

Data as of 02/29/2024   Download Full Holdings

Security Name Identifier Weighting (%)
United States Treas Bills 04/23/2024 912797JP3 20.57%
United States Treas Bills 05/23/2024 912797HR1 11.37%
United States Treas Bills 05/02/2024 912797HH3 10.35%
United States Treas Bills 05/09/2024 912797HQ3 10.28%
United States Treas Bills 03/28/2024 912797GY7 9.07%
United States Treas Bills 04/25/2024 912797HG5 7.29%
United States Treas Bills 03/14/2024 912797GX9 6.58%
United States Treas Bills 04/04/2024 912797GZ4 5.85%
United States Treas Bills 03/05/2024 912797JG3 5.77%
United States Treas Bills 05/21/2024 912797JX6 5.12%

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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