NUSI

NEOS Nasdaq-100 Hedged Equity Income ETF

Fact Sheet   How to invest

As of 11/30/2024

Distribution Frequency

Monthly

Net Expense Ratio*

0.68%

Distribution Rate

8.67%

30-Day SEC Yield

0.11%

NUSI began as the Nationwide Nasdaq-100 Risk-Managed Income ETF (Predecessor Fund), an ETF which operated since December 19, 2019. As of the close of business on November 8, 2024, the NEOS Nasdaq-100 Hedged Equity Income ETF acquired the Predecessor Fund's assets and liabilities, and assumed its performance, financial and other historical information.

Targeted Benefits of NUSI's Strategy:

  1. The Fund aims to offer tax efficient monthly income through a data-driven option strategy on the Nasdaq-100
  2. The Fund may offer a measure of downside protection via a constant, fully financed market hedge that seeks to reduce downside risk
  3. The Fund may offer flexibility across markets throughout a systematic approach that may aid in capturing gains and minimizing losses

Investment Objective:

The NEOS Nasdaq-100® Hedged Equity Income ETF (the “Fund”) seeks high monthly income in a tax efficient manner with a measure of downside protection.

Fund Details As of: 12/12/2024
Fund Inception 9/30/2024
Fund Ticker NUSI
CUSIP 78433H667
ISIN US78433H6675
Expense Ratio 0.68%
Net Assets $332,450,374
Shares Outstanding 12,520,000
Primary Exchange NYSE Arca
Distribution Frequency Monthly

Pricing Information

Data as of 12/12/2024

Closing NAV Price
Net Asset Value $26.55
Daily Change ($) $-0.08
Daily Change (%) -0.30%
Closing Market Price
Market Price $26.53
Daily Change ($) $-0.04
Daily Change (%) -0.15%
Premium / Discount
Premium Discount (%) -0.09%
30-Day Median Bid-Ask Spread (%) 0.23%
Premium / Discount Information

Where might NUSI fit into an investment portfolio?

NUSI may serve as an alternative or complement to existing income-focused investments. The Fund's income is primarily generated from the sale of Nasdaq-100 (NDX) Index options, a source less correlated to interest rates that also offers preferential tax treatment. Investors may also consider pairing NUSI with an ETF from the NEOS equity high income family, such as QQQI, to potentially build their desired blend of high monthly income while seeking a measure of downside protection.

Fund Performance

Data as of: 11/30/2024

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance 4.28% 6.39% 13.86% 24.75% 54.30% 29.67% 5.23% - 9.16%
Market Performance 4.21% 6.16% 13.88% 24.81% 53.86% 29.98% 5.05% - 9.09%
CBOE S&P 500 Zero-Cost Put Spread Collar Index 4.48% 6.94% 14.12% 22.45% 67.19% 26.98% 10.52% - 10.94%

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.

HYBI 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 (NASDAQ) at 4:00 p.m. ET when NAV is normally determined for HYBI, 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.

Prior to close of business on 9/27/2024, the ETF operated as an open-end mutual fund. The NAV returns include returns of the Institutional Class Shares of the Predecessor Fund prior to the ETF's commencement of operations. Market price returns are calculated using the official closing price of the Fund on the listing exchange. Prior to the ETF's listing on 9/30/2024, the NAV performance of the ETF and the Institutional Class Shares of the Predecessor Fund are used as proxy market price returns.

Data as of: 09/30/2024

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance 3.16% 3.87% 12.85% 20.97% 49.61% 37.08% 5.78% - 8.79%
Market Performance 2.83% 3.33% 12.49% 20.89% 49.03% 37.07% 5.55% - 8.70%
CBOE S&P 500 Zero-Cost Put Spread Collar Index 2.28% 5.53% 7.98% 17.12% 59.92% 26.99% 10.08% - 10.31%

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.

HYBI 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 (NASDAQ) at 4:00 p.m. ET when NAV is normally determined for HYBI, 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.

Prior to close of business on 9/27/2024, the ETF operated as an open-end mutual fund. The NAV returns include returns of the Institutional Class Shares of the Predecessor Fund prior to the ETF's commencement of operations. Market price returns are calculated using the official closing price of the Fund on the listing exchange. Prior to the ETF's listing on 9/30/2024, the NAV performance of the ETF and the Institutional Class Shares of the Predecessor Fund are used as proxy market price returns.

Growth of $10,000 at NAV Since Inception

The hypothetical growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.

Distributions

Distribution Information
(as of 11/30/2024)
Distribution Frequency Monthly
Distribution Rate 8.67%
12-Month Trailing Distribution Rate 7.42%
Distribution Amount / Share ($) $0.1866
Distribution Amount / Share (%) 0.72%
30-Day SEC Yield 0.11%
Supplemental Tax Information: 19a-1 Notices
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
1/23/2024 1/24/2024 1/25/2024 1/26/2024 $0.1504
2/20/2024 2/21/2024 2/22/2024 2/23/2024 $0.1504
3/19/2024 3/20/2024 3/21/2024 3/22/2024 $0.1528
4/23/2024 4/24/2024 4/25/2024 4/26/2024 $0.1480
5/21/2024 5/22/2024 5/23/2024 5/24/2024 $0.1563
6/25/2024 6/26/2024 6/26/2024 6/27/2024 $0.1631
7/23/2024 7/24/2024 7/24/2024 7/25/2024 $0.1654
8/20/2024 8/21/2024 8/21/2024 8/22/2024 $0.1638
9/24/2024 9/25/2024 9/25/2024 9/26/2024 $0.1673
10/22/2024 10/23/2024 10/23/2024 10/24/2024 $0.1672
11/19/2024 11/20/2024 11/20/2024 11/21/2024 $0.1866
12/23/2024 12/24/2024 12/24/2024 12/26/2024

Distributions made by the Fund have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. As of the most recent distribution by the Fund, 99% was estimated to be return of capital. Please see the 19a-1 notices for a more comprehensive breakdown. To learn more about the potential tax efficiencies of return of capital distributions, click here.

Top Holdings

Data as of 12/16/2024   Download Full Holdings

Security Name Identifier Weighting (%)
Apple Inc AAPL 8.88%
Nvidia Corp NVDA 7.74%
Microsoft Corp MSFT 7.67%
Broadcom Inc AVGO 6.33%
Amazon.com Inc AMZN 5.23%
Meta Platforms Inc META 5.15%
Tesla Inc TSLA 4.98%
Costco Wholesale Corp COST 2.68%
Alphabet Inc GOOGL 2.65%
Alphabet Inc GOOG 2.57%

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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