# NEOS Long/Short Equity Income ETF (NLSI): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nlsi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Neos · Asset class: Equity - Strategy: Actively Managed · Inception: 2025-12-09 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... ## Key Facts | Metric | Value | |---|---| | Price | $59.74 | | Expense Ratio | 2.89% | | Assets Under Management | $4.8M | | NAV | $59.81 | | Holdings Count | 0 | | Distribution Yield (TTM) | 3.79% | | Annual Distribution (TTM) | $2.26 /share | | Distribution Frequency | Monthly | | 52-Week Range | $44.08 – $59.96 | | Beta | 0.76 | ## Latest Distribution - Amount: $0.2551 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-25 ## Frequently Asked Questions ### 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. ### Does NLSI pay a dividend? Yes, NEOS Long/Short Equity Income ETF (NLSI) distributes dividends to shareholders. The trailing-twelve-month yield is 3.79%. Full dividend history is on this page. ### How often does NLSI pay dividends? NEOS Long/Short Equity Income ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NLSI's next ex-dividend date? The most recently announced ex-dividend date for NLSI was 2026-09-23. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NLSI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 2.89% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NLSI charge its expense ratio? The expense ratio is deducted in tiny daily slices from NLSI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NLSI cost more than a fund like VOO? NLSI is actively managed (current expense ratio 2.89%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether NLSI's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to NLSI? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as NLSI (2.89%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nlsi - Distribution history: https://www.dividenddata.com/funds/nlsi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nlsi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nlsi/expenses - Peer comparison: https://www.dividenddata.com/funds/nlsi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.