{"schemaVersion":1,"ticker":"NLSI","asOf":"2026-10-26","desk":"income","cite":{"publisher":"ETFIQ","page":"https://etfiq.com/funds/nlsi/","methodology":"https://etfiq.com/methodology/","as_of":"2026-10-26","credit":"Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent","class":"mixed","license":"https://etfiq.com/license/","license_text":"Only the numbers in etfiq_fields are ETFIQ's, free to use with attribution: ETFIQ (etfiq.com). Every other number stays under its owner's terms: issuer_fields as the issuer published them, vendor_fields from an end-of-day data vendor.","fields_note":"Not yet classed field by field: only data ETFIQ computes is covered by its licence.","cite_as":"ETFIQ, Risk and return scorecard, NLSI against its benchmark, data as of 2026-10-26, https://etfiq.com/funds/nlsi/"},"benchmark":{"ticker":"SPY","name":"S&P 500 (SPY)","tier":1,"kind":"index","basisOnPage":"total","basisHere":"total"},"tax":{"estimate":{"label":"issuer's Rule 19a-1 estimate, latest distribution","returnOfCapital":97.0,"date":"2026-09-25","url":"https://neosfunds.com/wp-content/uploads/NEOS-NLSI-19a1-Notice-9.23.26-Confidential.pdf"},"estimateWindow":{"label":"issuer's Rule 19a-1 estimates, weighted by amount","returnOfCapital":88.0,"from":"2026-01-30","to":"2026-09-25","notices":9,"distributions":10,"full":false}},"kind":"benchmark","a":"NLSI","b":"SPY","window":{"from":"2025-12-19","to":"2026-10-23","firstReturn":"2025-12-26","weeklyReturns":44,"years":0.84,"short":true,"weekEnding":"2026-10-25","cumulativeOnly":"44 weekly returns, 2025-12-19 to 2026-10-23: cumulative numbers only, nothing annualised"},"riskFree":{"rate":0.03783915,"perWeek":0.000727676,"days":212,"series":"13-week Treasury bill, coupon equivalent, average of daily yields","source":"U.S. Department of the Treasury, Daily Treasury Bill Rates","url":"https://home.treasury.gov/resource-center/data-chart-center/interest-rates/TextView?type=daily_treasury_bill_rates"},"measures":{"total":{"a":0.21384284,"b":0.12536604,"edge":"NLSI","lead":"NLSI"},"annualised":{"a":null,"b":null,"absent":"44 weekly returns, under the 52 an annualised number needs"},"price":{"a":0.16112141,"b":0.1166341,"edge":"NLSI","lead":"NLSI"},"volatility":{"a":null,"b":null,"absent":"44 weekly returns, under the 52 an annualised number needs"},"downsideDeviation":{"a":null,"b":null,"absent":"44 weekly returns, under the 52 an annualised number needs"},"maxDrawdown":{"a":-0.13320193,"b":-0.08388653,"edge":"SPY","lead":"SPY","aPeak":"2025-12-26","aTrough":"2026-04-10","bPeak":"2026-01-09","bTrough":"2026-03-27"},"excess":{"a":null,"b":null,"absent":"44 weekly returns, under the 52 an annualised number needs"},"sharpe":{"a":null,"b":null,"absent":"44 weekly returns, under the 52 an annualised number needs"},"sortino":{"a":null,"b":null,"absent":"44 weekly returns, under the 52 an annualised number needs"},"calmar":{"a":null,"b":null,"absent":"44 weekly returns, under the 52 an annualised number needs"}},"relative":{"NLSI":{"on":"SPY","beta":0.58240012,"r2":0.14479626,"alpha":null,"alphaT":null,"alphaLow":null,"alphaHigh":null,"upsideCapture":null,"downsideCapture":null,"treynor":null,"trackingError":null,"informationRatio":null,"upWeeks":24,"downWeeks":20,"absent":"44 weekly returns: alpha, Treynor, the captures, tracking error and the information ratio need 52","edges":{"beta":{"edge":"Lower beta","neutral":true},"r2":{"edge":null,"neutral":true}}}},"sources":{"NLSI":{"kept":"2026-10-26","distributions":10,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":7,"agree":7},"vendor":{"weeks":44,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.21384284}},"SPY":{"kept":"2026-10-26","distributions":3,"addedFromRecord":[],"notInVendorSeries":[],"vendorAmountDiffers":[],"vendorStepsWithoutDistribution":[],"issuerCloses":{"compared":9,"agree":9},"vendor":{"weeks":44,"beyond":0,"tolerance":0.0005,"worst":0.0,"vendorTotal":0.12536604}}}}