NEOS Enhanced Income 1-3 Month T-Bill ETF

NEOS Enhanced Income 1-3 Month T-Bill ETF is an actively managed exchange-traded fund focused on generating monthly income from a short-duration U.S. Treasury bill portfolio. The fund primarily holds 1-3 month U.S. T-bills and may also use ETFs with similar exposure to keep its underlying holdings concentrated in very short-term government securities. To enhance distributions, the ETF applies an options overlay strategy involving S&P 500 index put options and put spreads, aiming to add income beyond what the Treasury holdings alone produce. This structure makes the fund a cash-like fixed income solution designed for investors seeking short-term government exposure with an income-focused approach. NEOS Enhanced Income 1-3 Month T-Bill ETF is part of the ultrashort bond segment and is used in portfolios where liquidity, capital preservation, and tax-efficient monthly distributions are important considerations.