As of 12/31/2024
Distribution Frequency
Monthly
Expense Ratio
0.58%
Distribution Rate 
--%
30-Day SEC Yield
--%
Targeted Benefits of TLTI's Strategy:
- The Fund seeks to distribute monthly income generated from investing in a portfolio of 20+ Year Treasury Bonds and implementing a data-driven put 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 put option strategy consisting of written (sold) and purchased put options on the SPX index that seeks to enhance the income generated from the underlying Treasury Bonds while maintaining a low risk profile
Investment Objective:
The NEOS Enhanced Income 20+ Year Treasury Bond ETF (the “Fund”) seeks to generate monthly income in a tax efficient manner.
| Fund Details | As of: 01/17/2025 |
|---|---|
| Fund Inception | 12/11/2024 |
| Fund Ticker | TLTI |
| CUSIP | 78433H592 |
| ISIN | US1178433H592 |
| Gross Expense Ratio | 0.58% |
| Net Assets | $936,257 |
| Shares Outstanding | 20,000 | Primary Exchange | Cboe |
| Underlying Exposure | 20+ Year Treasury Bonds |
| Distribution Frequency | Monthly |
| Fund Resources |
|---|
Fact sheet 
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Prospectus
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Pricing Information
Data as of 01/17/2025
| Closing NAV Price | |
|---|---|
| Net Asset Value | $46.81 |
| Daily Change ($) | $0.04 |
| Daily Change (%) | 0.08% |
| Closing Market Price | |
|---|---|
| Market Price | $46.84 |
| Daily Change ($) | $0.07 |
| Daily Change (%) | 0.15% |
| Premium / Discount | |
|---|---|
| Premium Discount (%) | 0.06% |
| 30-Day Median Bid-Ask Spread (%) | 0.06% |
Where might TLTI fit into an investment portfolio?
TLTI invests in an underlying portfolio of 20+ Year Treasury Bonds and implements an options overlay strategy that seeks enhanced monthly income, which may offer investors a tax efficient income stream that surpasses their treasury bond allocations.
Fund Performance
Data as of: 12/31/2024
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance | -% | -% | -% | -% | -5.62% | -% | -% | -% | -% |
| Market Performance | -% | -% | -% | -% | -5.46% | -% | -% | -% | -% |
| ICE US Treasury 20+ Year Bond Total Return Index | -% | -% | -% | -% | -5.67% | -% | -% | -% | -% |
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.
TLTI 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 TLTI, 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: 12/31/2024
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance | -% | -% | -% | -% | -5.62% | -% | -% | -% | -% |
| Market Performance | -% | -% | -% | -% | -5.46% | -% | -% | -% | -% |
| ICE US Treasury 20+ Year Bond Total Return Index | -% | -% | -% | -% | -5.67% | -% | -% | -% | -% |
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.
TLTI 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 TLTI, 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 12/31/2024) |
|
|---|---|
| Distribution Frequency | Monthly |
Distribution Rate  |
--% |
| Distribution Amount / Share ($) | $0.2670 |
| Distribution Amount / Share (%) | 0.57% |
| 30-Day SEC Yield |
--% |
Supplemental Tax Information: 19a-1 Notices
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 1/21/2025 | 1/22/2025 | 1/22/2025 | 1/24/2025 | |
| 2/25/2025 | 2/26/2025 | 2/26/2025 | 2/28/2025 | |
| 3/25/2025 | 3/26/2025 | 3/26/2025 | 3/28/2025 | |
| 4/22/2025 | 4/23/2025 | 4/23/2025 | 4/25/2025 | |
| 5/20/2025 | 5/21/2025 | 5/21/2025 | 5/23/2025 | |
| 6/24/2025 | 6/25/2025 | 6/25/2025 | 6/27/2025 | |
| 7/22/2025 | 7/23/2025 | 7/23/2025 | 7/25/2025 | |
| 8/19/2025 | 8/20/2025 | 8/20/2025 | 8/22/2025 | |
| 9/23/2025 | 9/24/2025 | 9/24/2025 | 9/26/2025 | |
| 10/21/2025 | 10/22/2025 | 10/22/2025 | 10/24/2025 | |
| 11/25/2025 | 11/26/2025 | 11/26/2025 | 11/28/2025 | |
| 12/23/2025 | 12/24/2025 | 12/24/2025 | 12/26/2025 |
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, 71% 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.
2024 Distribution Calendar
| Declaration Date | Record Date | Ex-Div Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 12/23/2024 | 12/24/2024 | 12/24/2024 | 12/26/2024 | $0.2670 |
