SPYI | NEOS S&P 500 High Income ETF

SPYI ISSUER

The SPYI issuer, managed by NEOS Investment Management, LLC, operates an actively-managed exchange-traded fund (ETF) aiming to achieve its investment objective through a strategic blend of stock investments mirroring the S&P 500® Index and a call options strategy predominantly focused on SPX call options. By tactically combining written and purchased call options, the fund aims to generate substantial income from premiums and dividends while maintaining tax efficiency under Internal Revenue Code rules. Employing a replication strategy, the fund typically mirrors the composition of the S&P 500® Index, but may resort to representative sampling under certain circumstances, as determined by the Adviser. The fund's options strategy, comprising written calls on S&P 500® equities and out-of-the-money call purchases, allows for potential upside participation in equity appreciation. Engaging primarily in SPX call options, the fund leverages European and cash settlement options to optimize outcomes. Emphasizing diversified investments and active portfolio management, the fund anticipates high turnover rates while maintaining compliance with its investment policies, ensuring at least 80% of its assets are tied to the Reference Index.

SPYI DIVIDEND

The SPYI Dividend fund, managed by NEOS Investment Management, LLC, operates as an actively-managed exchange-traded fund (ETF) focused on generating income through a combination of stock investments mirroring the S&P 500® Index and a call options strategy predominantly centered on SPX call options. With a strategic approach that involves writing and purchasing call options, the fund aims to maximize income from premiums and dividends while maintaining tax efficiency under Internal Revenue Code rules. Utilizing a replication strategy, the fund typically mirrors the composition of the S&P 500® Index, though it may resort to representative sampling when deemed beneficial by the Adviser. By primarily engaging in SPX call options, the fund seeks to optimize dividend yields and capital appreciation opportunities. With a commitment to diversified investments and active portfolio management, the SPYI Dividend fund anticipates achieving its income objectives while maintaining compliance with its investment policies and regulations.

SPYI TRACKING

The SPYI Tracking fund, under the management of NEOS Investment Management, LLC, operates as an actively-managed exchange-traded fund (ETF) with a primary objective of closely tracking the performance of the S&P 500® Index. Employing a strategic blend of stock investments mirroring the S&P 500® Index and a call options strategy predominantly centered on SPX call options, the fund aims to replicate the movements of the Reference Index as accurately as possible. Utilizing both written and purchased call options, the fund seeks to optimize tracking precision while also generating income from premiums and dividends. While the fund primarily employs a replication strategy to mimic the composition of the S&P 500® Index, it retains the flexibility to utilize representative sampling when deemed advantageous by the Adviser. With a focus on achieving precise tracking and maintaining compliance with its investment objectives, the SPYI Tracking fund strives to provide investors with a reliable means of participating in the performance of the S&P 500® Index.

SPYI CORRELATION

The SPYI Correlation fund, managed by NEOS Investment Management, LLC, operates as an actively-managed exchange-traded fund (ETF) with a key objective of maintaining a high correlation with the movements of the S&P 500® Index. By strategically blending stock investments that mirror the S&P 500® Index with a call options strategy predominantly centered on SPX call options, the fund aims to closely track the performance of the Reference Index. Through the judicious use of both written and purchased call options, the fund seeks to optimize correlation while also generating income from premiums and dividends. While primarily employing a replication strategy to mimic the composition of the S&P 500® Index, the fund retains the flexibility to utilize representative sampling when advantageous, as determined by the Adviser. With a focus on achieving a strong correlation and adhering to its investment objectives, the SPYI Correlation fund offers investors a vehicle for potentially capturing the movements of the S&P 500® Index in their portfolios.

SPYI SECTOR

The SPYI Sector fund, managed by NEOS Investment Management, LLC, is an actively-managed exchange-traded fund (ETF) designed to concentrate its investments within specific sectors or groups of industries to mirror the allocation of the S&P 500® Index. By strategically selecting stocks that represent these sectors and employing a call options strategy primarily focused on SPX call options, the fund aims to capitalize on sector-specific opportunities while maintaining alignment with the broader market trends reflected in the Reference Index. Utilizing both written and purchased call options, the fund seeks to generate income from premiums and dividends while optimizing sector exposure. While the fund typically employs a replication strategy to mirror sector allocations within the S&P 500® Index, it retains the flexibility to utilize representative sampling when practical difficulties arise or when it's deemed in the best interest of the fund by the Adviser. With its sector-focused approach and active management, the SPYI Sector fund provides investors with targeted exposure to specific industries within the broader equity market landscape.

SPYI EXPOSURE

The SPYI Exposure fund, managed by NEOS Investment Management, LLC, operates as an actively-managed exchange-traded fund (ETF) with a primary focus on maximizing exposure to the S&P 500® Index. Utilizing a strategic combination of stock investments that closely mirror the composition of the Reference Index and a call options strategy predominantly centered on SPX call options, the fund aims to capture the performance of the broader market. By effectively blending written and purchased call options, the fund seeks to enhance exposure to market movements while generating income from premiums and dividends. While typically employing a replication strategy to replicate the composition of the S&P 500® Index, the fund retains the flexibility to utilize representative sampling when practical or advantageous, as determined by the Adviser. With its emphasis on achieving robust exposure to the S&P 500® Index and active management approach, the SPYI Exposure fund offers investors a vehicle for participating in the performance of the broader equity market.