NEOS Enhanced Income 20+ Year Treasury Bond ETF
Key Statistics
Historical Performance
Total return including reinvested distributions, from adjusted closing prices.
Price History
Price history is being compiled for this fund.
Top Holdings
Top 9 holdings as of Mar 31, 2026 · source: SEC N-PORT. Full holdings & prospectus →
About TLTI
TheFund is an actively-managed ETF that seeks to achieve its investment objective by: (i) investing, under normal circumstances,at least 80% of its net assets in U.S. Treasury securities with remaining maturities of greater than or equal to 20 years (“20+Treasuries”) and/or ETFs that invest at least 80% of their net assets in 20+ Treasuries and/or forwards, options or futurescontracts linked to 20+ Treasuries (collectively, the “Underlying Investments”); and (ii) selling and purchasing S&P500® Index put options (“SPX put options”) to generate income for the Fund beyond what is received from the UnderlyingInvestments. For purposes of the 80% policy, the value of forwards, options and futures contracts shall be valued at their notionalvalue. The20+ Treasuries consist of U.S. Treasury bonds, notes and other public obligations of the US Treasury with remaining maturitiesof greater than or equal to 20 years. The 20+ Treasuries generally are fixed-rate and denominated in U.S. dollars. TheFund’s SPX put option strategy seeks to generate monthly income for the Fund in addition to the yield it receives from theUnderlying Investments. The options strategy utilizes a “put spread” consisting of the sale of SPX put options (“ShortPuts”) with a notional value up to 100% of the Fund’s net assets and the purchase of SPX put options (“LongPuts”). NEOS Investment Management, LLC, the Fund’s adviser (the “Adviser”), may actively manage the writtenand purchased SPX put options prior to expiration to potentially capture gains and minimize losses due to the movement of theS&P 500® Index. The SPX options strategy is intended to generate monthly income in a tax efficient manner. The Fund seekstax efficient returns by utilizing index options that receive favorable tax treatment under Internal Revenue Code rules becausethey qualify as “Section 1256 Contracts.” Under these rules, each section 1256 contract held by the Fund at year endis treated as if it were sold at fair market value on the last business day of the tax year. If the Section 1256 contracts producecapital gain or loss, gains or losses on the Section 1256 contracts open at the end of the year, or terminated during the year,are treated as 60% long term and 40% short term, regardless of how long the contracts were held. In addition, the Fund may seekto take advantage of tax loss harvesting opportunities by taking investment losses from certain equity and/or options positionsto offset realized taxable gains of equities and/or options. Opportunistically, the Fund may seek to take advantage of tax lossharvesting opportunities on the SPX put options. TheFund focuses primarily on SPX put options which offer both European settlement (i.e., options can only be exercised at their expirationdate) and cash settlement (i.e., options carry an obligation by their seller to pay the difference between their strike priceand their settlement value instead of allowing the seller to take delivery of securities). TheFund’s SPX put options strategy is designed to seek to generate a positive return in rising and flat equity markets andmay generate a positive return in equity markets that are modestly declining, assuming the net premium collected from the optionssold and purchased exceeds the net cost to close the positions. Theaverage portfolio duration of the Fund normally varies from 20 to 30 years. Duration is a measure used to determine the sensitivityof a security’s price to changes in interest rates. The longer a security’s duration, the more sensitive it will beto changes in interest rates. For example, a duration of “one” means that a 1% increase in interest rates (assuminga parallel shift in yield curve) would result in a 1% decline in the price of a portfolio or security. TheFund may engage in active and frequent trading of portfolio securities in implementing its principal investment strategies.
TLTI News
Data for TLTI is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.