NEOS Long/Short Equity Income ETF

Frequently Asked Questions About NLSI

What does NLSI invest in?

This fund employs a sophisticated strategy, blending long and short equity positions with an options overlay. Its primary aim is to generate monthly income while maintaining exposure to the U.S. stock market. Investments are concentrated in U.S. exchange-traded mid- and large-capitalization companies. Portfolio construction is driven by a proprietary process that identifies companies with strong fundamental prospects for long investments, while targeting those with weaker outlooks for short selling. Long positions are chosen via bottom-up security analysis, whereas short positions focus on equities exhibiting deficiencies in balance sheets, cash flow, or sector conditions. Complementing its equity holdings, the fund utilizes an options strategy based on index-based put spreads (both written and purchased) to generate premium and enhance income. These options are actively managed and can be adjusted before expiration, serving to complement the equity exposures rather than outright hedge them. The fund consistently maintains a long/short structure with predefined gross exposure targets and may hold cash and short-term instruments to support operations and its short positions.

What is the expense ratio of NLSI?

NEOS Long/Short Equity Income ETF (NLSI) charges an expense ratio of 2.89%. This is the annual fee deducted from fund assets to cover management and operations.

What is NLSI's dividend yield?

NLSI's trailing-twelve-month yield is 3.79%, calculated from the sum of dividends over the past year divided by the current price.

How big is NLSI?

NEOS Long/Short Equity Income ETF (NLSI) manages $4.8M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is NLSI actively managed or an index fund?

NLSI is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (NLSI's is 2.89%) in exchange for the discretion to over- or under-weight positions.

When was NLSI launched?

NEOS Long/Short Equity Income ETF (NLSI) launched in December 2025 and is managed by Neos.