BATS · Active · options-income

NEOS MLP & Energy Infrastructure High Income ETF

NEOS Investment Management, LLC

Weighted score · 4.10 / 5

AUM

assets under mgmt

Avg Volume

shares · daily

Distribution

Monthly · 87% ROC

Expense Ratio

0.68% gross

1Y Return

vs underlying

Sharpe

Max DD -5.4%

The NEOS MLP & Energy Infrastructure High Income ETF seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation..

The Fund is an actively-managed ETF that invests at least 80% of its net assets in energy infrastructure MLPs and energy infrastructure companies comprising the MerQube North America MLP & Energy Infrastructure Index (up to 25 constituents, float-adjusted, cap-weighted). Simultaneously, the Fund writes (sells) call options—primarily FLEX Options—on one or more MLP ETFs to generate high monthly income from option premiums. The options strategy effectively converts a portion of potential upside price appreciation into current income, with written calls generally having approximately one-month expirations. The Adviser may also employ a call spread strategy (buying out-of-the-money calls alongside written calls) and actively manages option positions prior to expiration.

The Fund primarily writes (sells) FLEX Options call options on one or more MLP ETFs with approximately one-month expirations, held to or near expiration, generating monthly income from premiums. Written calls cap upside participation in the MLP & Energy Infrastructure Index beyond the strike price. As an alternative, the Adviser may enter a net-credit call spread by also purchasing out-of-the-money calls. Options are structured to qualify as Section 1256 Contracts for favorable 60/40 long-term/short-term capital gains tax treatment.

NAV HISTORY · DEC '25 – JUN '26

Max DD

Volatility

Sharpe

Sortino

Calmar

Beta

Share of each distribution you’d need to reinvest just to hold NAV flat. 0% — the fund is covering its payout without eroding NAV.

Composition · Recent Distribution

Tax Treatment — Section 1256 (60/40)

SECTION 1256 (60/40)

Distribution Composition (Recent)

ROC is not free money — it lowers your cost basis. When shares are sold, capital gains are computed against the lower basis.

Composition · Narrative

The June 2026 distribution of $0.6576 per share is composed of 87% return of capital ($0.5717) and 13% estimated net investment income ($0.0859). On a fiscal year-to-date basis, 89% of cumulative distributions have been classified as return of capital. No capital gains or prior year undistributed income contribute to this distribution.

Return of capital ($/sh)

Net investment income ($/sh)

Monthly ROC %

Calendar-year ROC (YTD est.)

Distribution Growth by Lookback Period

Sector Mix · Tilt vs S&P 500

Price vs. Moving Averages

Liquidity

Estimated bid/ask spread ~0.26% (moderate). Average daily dollar volume ~$18.8M (liquid). This spread is a high-low estimate, not a live quote; the issuer's reported median spread and premium/discount to NAV are shown above when available.

AUM ($)