SPYI

NEOS S&P 500 High Income ETF

Fact Sheet How to invest

As of 8/31/2023

Distribution Frequency

Monthly

Expense Ratio

0.68%

Distribution Yield

12.03%

30-Day SEC Yield

0.95%

Targeted Benefits of SPYI's Strategy:

The Fund seeks to distribute high monthly income generated from investing in the constituents of the S&P 500 Index and implementing a data-driven call option strategy
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
The Fund utilizes a call option strategy that may include both sold and purchased SPX index options, which may provide the opportunity for upside capture in rising equity markets

Investment Objective:

The NEOS S&P 500 High Income ETF (CBOE: SPYI) seeks high monthly income in a tax efficient manner, with the potential for upside appreciation in rising markets

Fund Details	As of: 09/27/2023
Fund Inception	8/30/2022
Fund Ticker	SPYI
CUSIP	78433H303
ISIN	US78433H303
Gross Expense Ratio	0.68%
Net Assets	$332,252,111
Shares Outstanding	7,110,000
Primary Exchange	CBOE
Underlying Exposure	S&P 500 Index
Distribution Frequency	Monthly

Fund Resources
Fact sheet
Prospectus

Pricing Information

Data as of 09/27/2023

Closing NAV Price
Net Asset Value	$46.73
Daily Change ($)	$0.01
Daily Change (%)	0.02%

Closing Market Price
Market Price	$46.77
Daily Change ($)	$0.02
Daily Change (%)	0.04%

Premium / Discount
Premium Discount (%)	0.08%
30-Day Median Bid-Ask Spread (%)	0.08%

Premium / Discount Information

Where might SPYI fit into an investment portfolio?

SPYI may be considered as an alternative to existing core equity allocations, and seeks to provide a tax efficient monthly income stream, while maintaining the opportunity for upside participation when market conditions warrant.

Data as of: 08/31/2023

	1 Mo	3 Mo	6 Mo	YTD	Since Inception	1 Yr	3 Yr	5 Yr
Cumulative						Annualized
NAV Performance	-0.83%	5.44%	12.68%	16.46%	12.09%	14.16%	--	--
Market Price Performance	-0.67%	5.33%	12.49%	16.20%	12.14%	13.97%	--	--
S&P 500 Index	-1.59%	8.28%	14.50%	18.73%	13.80%	15.94%	--	--

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.

SPYI 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 (CBOE) at 4:00 p.m. ET when NAV is normally determined for SPYI, 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: 06/30/2023

	1 Mo	3 Mo	6 Mo	YTD	Since Inception	1 Yr	3 Yr	5 Yr
Cumulative						Annualized
NAV Performance	3.87%	7.33%	14.72%	14.72%	10.42%	--	--	--
Market Price Performance	3.77%	7.47%	14.49%	14.49%	10.48%	--	--	--
S&P 500 Index	6.61%	8.74%	16.89%	16.89%	12.04%	--	--	--

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

Distributions

Distribution Information (as of 8/31/2023)
Distribution Frequency	Monthly
Distribution Yield	12.03%
12-Month Trailing Yield	11.87%
Distribution Amount / Share ($)	$ 0.4864
Distribution Amount / Share (%)	1.00%
30-Day SEC Yield	0.95%

2022 Distribution Calendar
Supplemental Tax Information: 19a-1 Notices
Supplemental Tax Information: Form 8937

Declaration Date	Record Date	Ex-Div Date	Payable Date	Amount ($)
1/24/2023	1/26/2023	1/25/2023	1/27/2023	$0.4755
2/22/2023	2/24/2023	2/23/2023	2/27/2023	$0.4716
3/21/2023	3/23/2023	3/22/2023	3/24/2023	$0.4660
4/25/2023	4/27/2023	4/26/2023	4/28/2023	$0.4823
5/23/2023	5/25/2023	5/24/2023	5/26/2023	$0.4865
6/21/2023	6/23/2023	6/22/2023	6/26/2023	$0.4966
7/25/2023	7/27/2023	7/26/2023	7/28/2023	$0.5047
8/22/2023	8/24/2023	8/23/2023	8/25/2023	$0.4864
9/19/2023	9/21/2023	9/20/2023	9/22/2023*	$0.4895
10/24/2023	10/26/2023	10/25/2023	10/27/2023
11/21/2023	11/24/2023	11/22/2023	11/27/2023
12/19/2023	12/21/2023	12/20/2023	12/22/2023

Declaration Date	Record Date	Ex-Div Date	Payable Date	Amount ($)
9/20/2022	9/22/2022	9/21/2022	9/23/2022	$0.4853
10/25/2022	10/27/2022	10/26/2022	10/28/2022	$0.4647
11/22/2022	11/25/2022	11/23/2022	11/28/2022	$0.4782
12/22/2022	12/27/2022	12/23/2022	12/28/2022	$0.4615

*Due to a distribution calendar error by The Depository Trust Company (DTC) in which they entered an incorrect payment date in their system, the September SPYI distribution was paid on 9/26/23 instead of the originally scheduled payment date of 9/22/2023. For more information about DTC, the organization responsible for sending payment to shareholder brokerages, please click here: https://www.dtcc.com/about. DTC has communicated to NEOS that they are taking steps to ensure these issues do not occur in the future.

Top Holdings

Data as of 09/29/2023 Download Full Holdings

Security Name	Identifier	Weighting (%)
Apple Inc	AAPL	7.12%
Microsoft Corp	MSFT	6.56%
Amazon Com Inc	AMZN	3.20%
Nvidia Corporation	NVDA	3.04%
Alphabet Inc	GOOGL	2.23%
Alphabet Inc	GOOG	1.93%
Tesla Inc	TSLA	1.89%
Meta Platforms Inc	META	1.89%
Berkshire Hathaway Inc Del	BRK/B	1.77%
Exxon Mobil Corp	XOM	1.37%

Holdings are subject to change

Documents

Legal Documents & Reports
Prospectus
Summary Prospectus
Statement of Additional Information
Fiscal Year Q1 Portfolio Holdings
Semi-Annual Report
Fiscal Year Q3 Portfolio Holdings
Annual Report

Fund Resources
Recent Content

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.

Schedule a meeting with a portfolio specialist

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866) 498-5677 or view/download a prospectus here: SPYI | BNDI | CSHI. Please read the prospectus carefully before you invest.

An investment in NEOS ETFs involve risk, including possible loss of principal. The equity securities purchased by the Funds may involve large price swings and potential for loss.

The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund’s gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. The funds are new with a limited operating history.

S&P 500® Index: An Index composed of selected stocks from five hundred (500) issuers, all of which are listed on national stock exchanges and spans over approximately 24 separate industry groups.

The Cboe S&P 500 BuyWrite Index^SM (BXM) is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the S&P 500^® Index.

The information on this website does not constitute investment advice or a recommendation of any products, strategies, or services. Investors should consult with a financial professional regarding their individual circumstances before making investment decisions. NEOS Funds or its affiliates, nor Foreside Fund Services, LLC, or its affiliates accept any responsibility for loss arising from the use of the information contained herein.

NEOS ETFs are distributed by Foreside Fund Services, LLC.

Definitions:

Option: Options are financial derivatives that give buyers the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price and date.

Distribution Yield: The annual yield an investor would receive if the most recent fund distribution remained the same going forward. The distribution yield represents a single distribution from the Fund and is not a representation of the Fund's total return. The distribution yield is calculated by multiplying the most recent distribution by 12 in order to annualize it, and then dividing by the Fund's NAV.

30-day SEC Yield: A calculation based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30-day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.

Tax Loss Harvesting: The timely selling of securities at a loss in order to offset the amount of capital gains tax due on the sale of other securities at a profit.