| Investment Objective: |
NEOS Enhanced Income 20+ Year Treasury Bond ETF is an actively-managed ETF that seeks to achieve its investment objective by (i) investing, under normal circumstances, at least 80% of its net assets in U.S. Treasury securities with remaining maturities of greater than or equal to 20 years ("20+ Treasuries") and/or ETFs that invest at least 80% of their net assets in 20+ Treasuries and/or forwards, options or futures contracts linked to 20+ Treasuries (collectively, the "Underlying Investments") and (ii) selling and purchasing S&P 500 Index put options ("SPX put options") to generate income for the Fund beyond what is received from the Underlying Investments. For purposes of the 80% policy, the value of forwards, options and futures contracts shall be valued at their notional value. The 20+ Treasuries consist of U.S. Treasury bonds, notes and other public obligations of the US Treasury with remaining maturities of greater than or equal to 20 years. The 20+ Treasuries generally are fixed-rate and denominated in U.S. dollars. |
