| Investment Objective: |
The Fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective principally by investing in a portfolio of the stocks included in the Nasdaq-100 Index (the "Nasdaq-100" or the "Reference Index") and a put spread options collar (i.e., a mix of written (sold) call options, long (bought) put options, and written (sold) put options) on the Nasdaq-100. The Fund seeks to generate tax efficient monthly income from a combination of the dividends received from the Fund's equity holdings and the premiums earned from the put spread options collar. The put spread options collar seeks to generate a net-credit by receiving premium from the sale of the call and put options that is greater than the cost of buying the protective put options. The put spread options collar is designed to reduce the Fund's volatility and provide a measure of downside protection, but upside gains will be limited. On November 8, 2024, NEOS Nasdaq-100 Hedged Equity Income ETF acquired the Predecessor Fund's (Nationwide Nasdaq-100 Risk-Managed Income ETF) assets and liabilities, and assumed its performance, financial and other historical information. |
