NEOS Long/Short Equity Income ETF
NLSI
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Jonathan Krane
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 15601 Dallas Parkway, Suite 510 Addison TX United States of America 75001
- IPO Date
- Dec 10, 2025
- CIK
- 0001848758
- Website
- investor.vanguard.com
- Similar Companies
- Business
- NEOS ETF Trust (NLSI) is an actively managed exchange-traded fund that seeks high monthly income through a long/short equity strategy combined with options overlays; it invests primarily in mid- and large-cap U.S. equities, maintaining gross exposure of approximately 120% long and 55% short positions in roughly 30 long and 30 short holdings selected via a proprietary process targeting strong fundamentals on the long side and weaker characteristics on the short side; the fund employs a put spread options strategy involving short S&P 500 Index put options up to 100% of net assets paired with long puts, alongside premiums from equity positions, to enhance income in a tax-efficient manner via Section 1256 contracts. Core offerings include exposure to U.S. Treasury bills for liquidity, common stocks such as Newmont Corp (NEM), General Motors Co (GM), Walt Disney Co (DIS), and Regeneron Pharmaceuticals Inc (REGN) among top long holdings, with an expense ratio of 2.89% encompassing a 0.98% management fee and other costs like dividend/interest on shorts; distributions classified partly as return of capital derive from option premiums, dividends, capital gains, and interest. Launched on December 10, 2025, and listed on Cboe BZX with ticker NLSI (CUSIP 78433H477), the fund operates from the Trust's headquarters at 13 Riverside Avenue, Westport, Connecticut 06880, as part of NEOS Investments' suite of options-based income ETFs targeting U.S. and institutional investors seeking lower correlation to traditional equities. In late 2024, NEOS Investments, the adviser, secured a strategic investment from Aretex Capital Partners, adding industry experts Andrew Feller, David Badham, and Tom Lydon to support growth and innovation in options-based products; NLSI represents a recent expansion into long/short equity income strategies amid NEOS's rapid portfolio diversification, including launches like NIHI (MSCI EAFE High Income ETF) in September 2025 and NEHI (Ethereum High Income ETF) in December 2025.