| Investment Objective: |
The NEOS Enhanced Income 1-3 Month T-Bill ETF (the "Fund") seeks to generate monthly income in a tax efficient manner. The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by (i) investing in 1-3 month T-Bills or in ETFs with substantial exposure to 1-3 month T-Bills (collectively, the "Underlying Investments") and (ii) selling and purchasing S&P 500 Index put options ("SPX put options") to generate income to the Fund beyond what is received from the Underlying Investments. The Fund's option strategy seeks to generate monthly income for the Fund in addition to the yield it receives from the Underlying Investments. The options strategy utilizes a "put spread" consisting of the sale of exchange listed put options ("Short Puts") with a notional value up to 100% of the Fund's net assets and the purchase of put options ("Long Puts"). The Fund's adviser, NEOS Investment Management, LLC (the "Adviser") may actively manage the written and purchased SPX put options prior to expiration to potentially capture gains and minimize losses due to the movement of the S&P 500 Index. The SPX options strategy is intended to generate high monthly income in a tax efficient manner. |
