NEOS Long/Short Equity Income ETF (NLSI) Stock

NLSI

NEOS Long/Short Equity Income ETF NLSI · CBOE

$59.34 +0.38% (+$0.22)

Summary

NEOS Long/Short Equity Income ETF is an ETF - a fund traded on an exchange like a stock - run by Neos. Positions inside: 67. The ten largest make up 73% of the fund.

Yearly costs: 2.89%
Fund size: $4.73M
Positions: 67
Dividend yield: 1.62%
Running since: 2025

What speaks for it

Nothing stands out in its favour.

What to watch

The ten largest positions make up 73% of the fund, so its result rests on a few names.
Costs of 2.89% a year are above the middle of comparable funds (0.44%).
A young fund: it has been running only since 2025.
A small fund with $4.73M under management; small funds get closed more often.
It trades little: only about $103.7K changes hands a day.

A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.

1 month: +2.5%
3 months: +12%
This year: +16%

Avg. market cap: $189.9B
P/E: 14.3x
Forward P/E: 11.3x
P/S: 1.4x
P/B: 2.8x
P/FCF: 10.3x
EV/EBITDA: 11.1x
Dividend yield: 1.35%
ROIC: 20.0%
ROE: 33.7%
Gross margin: 49.0%
Operating margin: 23.4%
Net margin: 20.0%
Payout ratio: 19.3%
Net debt/EBITDA: 1.1x
Beta: 0.76

Weighted average of the 30 largest companies, which make up 129% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.

What is inside?

Concentrated

1 Cash & Other 21%
2
MU
Micron MU 12%
3
MP
Marathon Petroleum Corporation MPC 6.6%
4
VL
Valero Energy Corporation VLO 5.8%
5
CR
Salesforce CRM 4.9%
6
PS
Phillips 66 PSX 4.7%
7
CV
Chevron CVX 4.5%
8
FA
Diamondback Energy, Inc. FANG 4.4%
9
AI
American International Group, Inc. AIG 4.3%
10
DI
Disney DIS 4.2%

Positions in the fund: 67. The ten largest make up 73% of it.

Composition as of Oct 18, 2026.

Where is it spread?

Spread out

By country

United States 72%
Bermuda 4.1%
Netherlands 2.8%
Other countries 21%

By company size

Mega cap 15%
Large cap 85%

By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.

Largest country: United States (72%). Largest size group: Large cap (85%).

What does it cost me?

Expensive

This fund 2.89%

Middle of comparable ETFs 0.44%

A year from $10,000: $289
Over 20 years: $11,350

From every $10,000 invested the fund takes $289 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $11,350.

How has it done?

Deepest drop: -15%
Yearly volatility: 18%

It has traded for less than a year, too short to judge.

Does it pay dividends?

Yes, it pays out

Yield: 1.62%
Last payment: $0.26

Over the last 12 months it paid $0.96 per share, which is 1.62% of today's price. The last payment was $0.26 on Sep 23, 2026.

Is it easy to buy and sell?

It trades little

Traded a day: $103.7K
Shares a day: 1.7K

On an average day about $103.7K of the fund changes hands.

How expensive are the companies inside?

Rather cheap

P/E of the companies inside: 14.3
Average Bulios Score: 68 out of 100

Weight by Bulios Fair Price

Undervalued 39%
Fairly valued 13%
Overvalued 48%

On average the companies inside trade for 14.3 times their yearly profit. By Fair Price, 48% of the rated weight comes out as overvalued.

Counted from its largest companies (30), which make up 129% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.

Similar funds

Funds that hold much of the same. The overlap says how much of their weight they share with this fund.

Fund	Domicile		Size	1-year change	Dividends
MF MFVL Motley Fool Value Factor ETF	United States	0.50%	$36.4M	-	-	30%
TN TNGY Tortoise Capital Series Trust - Energy Fund	United States	0.85%	$587.8M	+28%	Pays out	30%
RS RSPG Invesco S&P 500 Equal Weight Energy ETF	United States	0.40%	$670.1M	+55%	Pays out	28%
EM EMAX.TO Hamilton Energy YIELD MAXIMIZER ETF	Canada	0.65%	$371.7M	+38%	Pays out	28%
FT FTXN First Trust Nasdaq Oil & Gas ETF	United States	0.60%	$136.7M	+56%	Pays out	27%
VF VFLO VictoryShares Free Cash Flow ETF	United States	0.44%	$8.43B	+44%	Pays out	27%

About the fund

This fund employs a sophisticated strategy, blending long and short equity positions with an options overlay. Its primary aim is to generate monthly income while maintaining exposure to the U.S. stock market. Investments are concentrated in U.S. exchange-traded mid- and large-capitalization companies. Portfolio construction is driven by a proprietary process that identifies companies with strong fundamental prospects for long investments, while targeting those with weaker outlooks for short selling. Long positions are chosen via bottom-up security analysis, whereas short positions focus on equities exhibiting deficiencies in balance sheets, cash flow, or sector conditions. Complementing its equity holdings, the fund utilizes an options strategy based on index-based put spreads (both written and purchased) to generate premium and enhance income. These options are actively managed and can be adjusted before expiration, serving to complement the equity exposures rather than outright hedge them. The fund consistently maintains a long/short structure with predefined gross exposure targets and may hold cash and short-term instruments to support operations and its short positions.

Issuer: Neos
Asset class: Equity
Domicile: United States
Launched: Dec 9, 2025
Net asset value per share: $59.09

Fund page at the issuer

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