NEOS Enhanced Income 20+ Year Treasury Bond ETF
TLTI
Chicago Board Options Exchange- -
USD
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Capital Structure
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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
- Dec 11, 2024
- CIK
- 0001848758
- Website
- neosfunds.com
- Similar Companies
- Business
- NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI), launched by NEOS Investments LLC and managed by NEOS ETF Trust, is an actively managed exchange-traded fund that seeks to generate monthly income in a tax-efficient manner through investments in U.S. Treasury bonds with remaining maturities of 20 years or more and an options overlay strategy involving the sale and purchase of European-style put spreads on S&P 500 Index options, classified as Section 1256 contracts for favorable 60/40 tax treatment; under normal circumstances, the fund invests at least 80% of its net assets in such Treasury bonds, exchange-traded funds holding similar bonds, or derivatives like forwards, options, and futures related to those instruments, providing a portfolio duration typically ranging from 20 to 30 years. The fund, which began trading on the Cboe BZX Exchange on December 11, 2024, complements NEOS Investments' broader lineup of options-based income ETFs, including the NEOS Enhanced Income Aggregate Bond ETF (BNDI), NEOS Enhanced Income 1-3 Month T-Bill ETF (CSHI), NEOS Enhanced Income Credit Select ETF (HYBI), and various high-income equity and alternative asset ETFs such as SPYI, QQQI, and BTCI, all emphasizing tax-efficient monthly distributions derived from option premiums, interest, and return of capital components. NEOS Investments, founded in 2022 and headquartered in Westport, Connecticut, operates primarily in the United States, targeting income-seeking investors including financial advisors and institutions through its suite of ETFs listed on U.S. exchanges. In December 2024, NEOS Investments announced a strategic investment from Aretex Capital Partners along with ETF industry veteran Tom Lydon, enhancing its growth in options-based income strategies and supporting ongoing product innovation amid expanding assets under management across its ETF platform. As of mid-December 2025, TLTI maintains net assets of approximately $8.4 million, a gross expense ratio of 0.58%, and a recent monthly distribution rate of 5.99% with 60% estimated as return of capital, reflecting its focus on enhanced yield over benchmark Treasury indices like the ICE U.S. Treasury 20+ Year Bond Total Return Index.