Data as of . Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate.
NLSI · NEOS Long/Short Equity Income ETF
NEOS · Income desk
Open the live card on ETFIQOver the period since launch on Dec 10, 2025 to Sep 4, 2026, NLSI paid 4.0% of its starting value in cash distributions while its price rose 15.6%. With every distribution reinvested, the fund returned +20.3%. S&P 500 (SPY), used as a default proxy returned +12.9% over the same days, so a holder was ahead by 7.4 pts. At its price on Sep 4, 2026 the latest distribution annualises to 5.1%, paid monthly. NEOS estimates that 100% of the distribution paid Jul 31, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
| Strategy | option income |
|---|---|
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) |
| Pays | monthly |
| Payout rate, annualised (ETFIQ) | 5.1% |
| Expense ratio (prospectus XBRL) | 2.89% |
| Cash paid, trailing 12 months (ETFIQ) | 3.4% |
| Launched | Dec 10, 2025 |
| 3 months: paid / price / total / SPY / ahead or behind (ETFIQ) | 1.4% / +13.6% / +15.1% / +4.7% / +10.4 pts |
| 6 months: paid / price / total / SPY / ahead or behind (ETFIQ) | 2.8% / +19.8% / +23.0% / +15.2% / +7.9 pts |
| since launch: paid / price / total / SPY / ahead or behind (ETFIQ) | 4.0% / +15.6% / +20.3% / +12.9% / +7.4 pts |
| Return of capital, latest distribution (NEOS 19a-1 estimate) | 100.0% |
Questions people ask
- How much has NLSI paid over the last year?
- Over the period from its launch on Dec 10, 2025 to Sep 4, 2026, NLSI paid 4.0% of its starting price in cash distributions, while the price rose 15.6%.
- Is NLSI ahead of SPY?
- Over the period from its launch on Dec 10, 2025 to Sep 4, 2026, with every distribution reinvested, NLSI returned +20.3% against +12.9% for S&P 500 (SPY), used as a default proxy, so a holder was ahead of it by 7.4 points.
- How often does NLSI pay, and how much?
- NLSI pays monthly. The latest distribution annualises to 5.1% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- Is the NLSI distribution return of capital?
- NEOS estimates 100% of the distribution paid Jul 31, 2026 was return of capital. That is a tax characterisation from the fund's own 19a-1 notice, not a measure of erosion.
- What does NLSI cost?
- The prospectus expense ratio is 2.89% a year.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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<p><a href="https://etfiq.com/funds/NLSI.html">NLSI payout bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, NLSI on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/NLSI.html Free to use with attribution; the underlying files are at Open data.
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