# NLSI (NEOS Long/Short Equity Income ETF)

NEOS · Income ETFs · data as of Sep 11, 2026

Since its launch on Dec 10, 2025, NLSI paid 4.0% in cash and finished 7.8 points ahead of SPY.

## Key facts

- NLSI, cash paid, since launch, on its starting price: 4.0%, as of Sep 11, 2026.
- NLSI, total return, since launch: +19.9%, as of Sep 11, 2026.
- NLSI, against SPY: +7.8 pts, as of Sep 11, 2026.
- NLSI, return of capital, latest payout (NEOS estimate): 100.0%, as of Sep 11, 2026.
- NLSI, net assets: $5m (issuer page, as of Sep 11, 2026).
- NLSI, expense ratio: 2.89% (485BPOS XBRL, Apr 30, 2026).

## NLSI over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | SPY | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 1.4% | +14.9% | +16.4% | +3.3% | +13.1 pts |
| 6 months | 2.9% | +25.3% | +28.6% | +16.0% | +12.6 pts |
| Since launch | 4.0% | +15.2% | +19.9% | +12.1% | +7.8 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | option income | ETFIQ |
| Benchmark | S&P 500 (SPY), used as a default proxy (proxy) | ETFIQ |
| Pays | monthly | ETFIQ |
| Net assets | $5m | issuer page, as of Sep 11, 2026 |
| Latest payout, annualized | 5.1% | ETFIQ |
| Expense ratio | 2.89% | 485BPOS XBRL, Apr 30, 2026 |
| Cash paid, last 12 months, over today’s price | 3.5% | ETFIQ |
| Launched | Dec 10, 2025 | ETFIQ |
| Return of capital, latest distribution | 100.0% | NEOS 19a-1 estimate |
| Pays | monthly | ETFIQ |
| Typical gap between ex-dates | 28 days | ETFIQ |
| Typical wait from ex-date to payment | 2 days | ETFIQ |
| Last paid, per share | $0.2465 ex Aug 26, 2026 | ETFIQ |
| Sum of the last 9 distributions | $2.0064 | ETFIQ |

## Questions

### How much has NLSI paid over the last year?

Over the period from its launch on Dec 10, 2025 to Sep 11, 2026, NLSI paid 4.0% of its starting price in cash distributions, while the price rose 15.2%.

### Is NLSI ahead of SPY?

Over the period from its launch on Dec 10, 2025 to Sep 11, 2026, with every distribution reinvested, NLSI returned +19.9% against +12.1% for S&P 500 (SPY), used as a default proxy, so a holder was ahead of it by 7.8 points.

### How often does NLSI pay, and how much?

NLSI pays monthly. The latest distribution annualizes to 5.1% at its price on Sep 11, 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 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 Aug 26, 2026 at $0.2465 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 23, 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.


## Cite this page

ETFIQ, NLSI, data as of Sep 11, 2026. https://etfiq.com/funds/nlsi
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/nlsi  ·  JSON: https://etfiq.com/funds/nlsi.json