NLSI NEOS Long/Short Equity Income ETF
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Since launch in Dec 2025, NLSI paid 5.0% in cash and returned 22.0% in total, against 13.5% for SPY.
Promise check: DeliveredOver the time since its launch to Oct 28, 2026, NLSI paid 5.0% in cash and returned 22.0% in total, covering 440.0% of its payout.
NLSI risk and return scorecard
vs SPY · Dec 2025 to Oct 2026 · 44 weekly returns · dividend-adjusted
44 weekly returns: annualized numbers and ratios need 52.
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 Method · Data
Money in and out
Net fund flows · Oct 27, 2026What you earned
What can be shown yet
First traded Dec 10, 2025More on NLSI
Every number below is on this page. Open what you need.Price and total return since launch, Dec 10, 2025
$58.68+0.3%1 day, priceClose, Oct 28, 2026
Total return adds every distribution, reinvested. Computed by ETFIQ from Tiingo daily prices.
Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error
| Window | Total return | Cash paid | Price | SPY | Ahead or behind |
|---|---|---|---|---|---|
| 1M Sep 28 – Oct 28, 2026 | +3.9% | 0.5% | +3.5% | +0.9% | +3.0 pts |
| 3M Jul 29 – Oct 28, 2026 | +11.8% | 1.4% | +10.3% | +6.1% | +5.7 pts |
| 6M Apr 29 – Oct 28, 2026 | +25.1% | 3.0% | +21.8% | +9.1% | +16.0 pts |
| YTD Dec 31, 2025 – Oct 28, 2026 | +19.7% | 4.5% | +14.5% | +14.1% | +5.6 pts |
| Since launch Dec 10, 2025 – Oct 28, 2026 | +22.0% | 5.0% | +16.2% | +13.5% | +8.5 pts |
Total returns, distributions reinvested. Listed Dec 2025: no 1 year and 3 years windows.
Source: Tiingo end-of-day prices, with distributions reinvested.
Money in and out
Daily data · as of Oct 27, 2026NLSI: in the 17 trading days to Oct 27, 2026, net $599k came in.
Oct 27, 2026
Oct 21, 2026 to Oct 27, 2026
monthly, from SEC filings
NLSI, net flow each trading day over the 65 sessions from Jul 28, 2026 to Oct 27, 2026: money came in on 1 day and went out on 0 days, of the 16 days with daily data; the other 49 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 1 day, out on 0. 49 days missing.
NLSI, net flow each trading day over the 251 sessions from Oct 28, 2025 to Oct 27, 2026: money came in on 1 day and went out on 0 days, of the 16 days with daily data; the other 235 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 1 day, out on 0. 235 days missing.
NLSI, net flow each trading day over the 400 sessions from Mar 26, 2025 to Oct 27, 2026: money came in on 1 day and went out on 0 days, of the 16 days with daily data; the other 384 have none. Before Oct 6, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.
In on 1 day, out on 0. 384 days missing.
Daily data starts Oct 6, 2026.
How this is computed
Computed by ETFIQ from NEOS’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for NLSI, back to Dec 2025, is in its flows file. Flows across every fund · How these flows are computed · Compare NLSI with other funds in the flows tool
Every trading day, last 3 months16 days
Most recent first.
Week by week, last year4 weeks
Net flow into NLSI each week, Oct 6, 2026 to Oct 27, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.
Month by month, money in and money outDec 2025 to Oct 2026
NLSI, money in and money out each month from Dec 2025 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from NLSI’s SEC filings (N-PORT item B.6). Oct 2026 is still in progress, so it is in the list and not drawn. Of the 8 months listed, money came in on net in 4 and went out in 3.
Every bar is from NLSI’s SEC filings (N-PORT item B.6). Of the 8 months listed, money came in on net in 4 and went out in 3.
Most recent first.
How this is computed
N-PORT months: money in is sales plus reinvestments; money out is redemptions. Months summed from daily data: money in adds the days money came in; money out adds the days it went out.
N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.
Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Oct 27, 2026. Last checked Oct 29, 2026.
NLSI key stats
NLSI return of capital and tax
Trading
as of Oct 27, 2026
11 distributions for NLSI, $0.1982 to $0.2627 a share and $0.2256 in the middle, Dec 24, 2025 to Oct 28, 2026. 1 further ex-date is expected with no amount the issuer has declared, so it is not drawn.
NLSI pays monthly. The last distribution was $0.2627 a share, which went ex on Oct 28, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Nov 25, 2026; that date is an ETFIQ projection, not the issuer’s.
Expected distributions for NLSI. A projected row carries the fund’s own spacing forward from its last ex-date, at the last amount paid. Neither is an issuer statement. Source: ETFIQ.
Cash distributions per share for NLSI. Source: ETFIQ from Tiingo end-of-day distributions.
Source: ETFIQ, from Tiingo end-of-day distributions.
NLSI top ten by weight, its 66 equity positions, from the holdings published by its issuer for Oct 28, 2026. The options the fund writes are not positions of this kind and are not listed. Source: the issuer’s own daily file.
Source: NEOS’s daily holdings file. Updated each trading day. Last checked Oct 28, 2026.
Also against OVL, EGGY, JOYT, OVLH, SPIN, VOOY, JEPQ, QYLD, DIVO, RDVI, XYLD, KNG, FTHI, BALI, OMAH, FTQI, QDTE, SDVD, ROCY, ROCQ, FEPI, YYY, ULTY, XQQI, DUBS, PBP, IVVW, XDTE, CAIQ, YMAG, DJIA, QQQY, XPAY, QYLG, XSPI, MAGY, DOGG, XYLG, WDTE, VAIE, XRMI, ACSP, QLDY, GRNI, XIJN, QVOL, OEI, BALQ, ACKY, ACQQ, YSPC, SDTY, OARK, QDTY, HEMI, XISE, BIGY, APRJ, XIMR, APRH, SIOO, DRKY, QUSA, XIDE, SPUT, JULH, OCTH, OCTJ, YQQQ, QRMI, JANJ, JULJ, LJAN, JANH, LOCT, XSHP, LAPR, PCOV, FDND, LJUL, DDDD, JUDO, DYLG, XVSP, RNTY, TPRY, TPAY, FGSI, CDPI, RECI, GPIX, ISPY, SIXH, KHPI, PAPI, IQQQ, TCAL, TSPY, TDAQ, SCEP, YLDE, SEPI, KYLD, CVRD, SCLZ, KIQQ, ODTE.
About NLSI
How we measure
12 seats on NLSI, as of Oct 28, 2026: 1 Supports, 8 Challenges, 3 Not enough data.
Questions people ask about NLSI
- How much has NLSI paid since it launched?
- Over the period from its first trade on Dec 10, 2025 to Oct 28, 2026, NLSI paid 5.0% of its starting price in cash distributions, while the price rose 16.2%.
- Is NLSI ahead of SPY?
- Over the period from its first trade on Dec 10, 2025 to Oct 28, 2026, with every distribution reinvested, NLSI returned +22.0% against +13.5% for S&P 500 (SPY), so a holder was ahead of it by 8.5 points.
- How often does NLSI pay, and how much?
- NLSI pays monthly. The latest distribution annualizes to 5.4% at its price on Oct 28, 2026, which is not a promise; the next one can differ.
- Is the NLSI distribution return of capital?
- NEOS estimates 97% of the distribution paid Sep 25, 2026 was return of capital. That is a tax characterization from the fund's own 19a-1 notice, not a measure of erosion.
- When does NLSI next pay a distribution?
- NLSI pays monthly. The last distribution went ex on Oct 28, 2026 at $0.2627 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Nov 25, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
- What does NLSI cost?
- The prospectus expense ratio is 2.89% a year.
- How much of NLSI’s distribution is return of capital?
- NEOS’s Rule 19a-1 notice estimates 97.0% of the distribution paid Sep 25, 2026 was return of capital. Across its notices for distributions paid Jan 30, 2026 to Sep 25, 2026, the estimate is 88.0%. Estimates come before the fund year closes and often change.
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Cite this pageCitation, APA and Markdown
ETFIQ, NLSI, income ETFs, data as of Oct 28, 2026. https://etfiq.com/funds/nlsi
ETFIQ. (Oct 28, 2026). NLSI, income ETFs. Retrieved from https://etfiq.com/funds/nlsi
[NLSI, income ETFs (ETFIQ, Oct 28, 2026)](https://etfiq.com/funds/nlsi)
The payout bar for NLSI, redrawn every trading night.
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.
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<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/nlsi"><img src="https://etfiq.com/assistant/api/embed/income/nlsi.svg" alt="NLSI: NLSI since launch: paid 5.0%, price +16.2%, total +22.0%, SPY +13.5%, +8.5 pts. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">NLSI: NLSI since launch: paid 5.0%, price +16.2%, total +22.0%, SPY +13.5%, +8.5 pts. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/nlsi">ETFIQ</a></figcaption>
</figure>The day's ETF flows, a comparison and one number. Every trading morning. About the Daily
Snapshot, Oct 28, 2026. More on the tabs above.