Neos Enhanced Income Cash Alternative ETF
CSHI
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 15601 Dallas Parkway, Suite 510 Addison TX United States of America 75001
- IPO Date
- Aug 30, 2022
- Website
- neosfunds.com
- Similar Companies
- Business
- Neos Enhanced Income Cash Alternative ETF (CSHI) is an actively managed exchange-traded fund that seeks to generate enhanced monthly income through a portfolio of 1-3 month U.S. Treasury Bills combined with a data-driven options overlay strategy involving the sale and purchase of S&P 500 Index put options classified as Section 1256 contracts for tax efficiency. The fund, issued by NEOS Investments and listed on the NYSE Arca, targets investors seeking a tax-efficient cash alternative with higher yields than traditional T-Bills, lower correlation to equity markets, and monthly distributions estimated at 56% return of capital as of late 2025; it benchmarks against the Bloomberg U.S. 1-3 Month T-Bill Index while offering a gross expense ratio of 0.38%, net assets exceeding $765 million, and a distribution rate of approximately 4.94% as of December 2025. Launched on August 30, 2022, by NEOS Investments, a Westport, Connecticut-based asset manager founded in 2022 and specializing in options-based income ETFs, CSHI operates primarily in the U.S. fixed income and derivatives markets, serving income-focused institutional and retail investors globally through its NYSE listing. In recent developments, NEOS Investments has expanded its ETF suite significantly within the last two years, launching high-income products such as the Nasdaq-100 High Income ETF (QQQI) in January 2024, Bitcoin High Income ETF (BTCI) in October 2024, Russell 2000 High Income ETF (IWMI) in June 2024, Real Estate High Income ETF (IYRI) in January 2025, S&P 500 Hedged Equity Income ETF (SPYH) in April 2025, Gold High Income ETF (IAUI) in June 2025, MSCI EAFE High Income ETF (NIHI) in September 2025, Ethereum High Income ETF (NEHI) in December 2025, and others including Long/Short Equity Income ETF (NLSI) and Enhanced Income 20+ Year Treasury Bond ETF (TLTI), reflecting a strategic shift toward diversified options-income strategies across equities, crypto, commodities, and bonds.