Summary
CSHI Chart
Bond Market Duress Highlights Appeal of This Cash ETF
On Monday, August 17, 30-year Treasury yields hit 5.31%, the highest level in 19 years for long-dated U.S. government bonds. That move has plenty of traders and fixed income investors on edge, because 19 years ago was shortly before the start of the global financial crisis.
These 3 ETFs Yield Up to 12 Percent and the IRS Barely Touches the Payouts
Three exchange-traded funds from NEOS have carved out a niche appealing to income seekers frustrated with how much of their yield ends up on a 1099-DIV as ordinary income.
CSHI: The Cash-Plus Strategy Continues To Deliver
NEOS Enhanced Income 1-3 Month T-Bill ETF combines T-bills with S&P 500 put spreads, delivering consistent excess returns over its benchmark. I rate CSHI a Buy, targeting a 2.1%–2.5% total return over six months, supported by a stable payout and favorable macro conditions. CSHI's option overlay has added value after expenses, while NAV remains near $50 and the monthly distribution has stabilized around $0.1945.
Neos Enhanced Income Cash Alternative ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 409,849 | $20.41M | $20.43M | $16,392.65 | 0.08% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 321 | $15,989.01 | $16,005.06 | $16.05 | 0.1% |
 Dipen Mehta Invst LLC | 18,622 | $927,393.61 | $925,327.18 | -$2,066.43 | -0.22% |
| TSR Ted S. Rich RiverTree Advisors LLC | 6,437 | $320,112.01 | $320,626.97 | $514.96 | 0.16% |
| SK Samira Kadam Cherry Creek Investment Advisors Inc. | 22,956 | $1.14M | $1.14M | $1,088.15 | 0.1% |
Neos Enhanced Income Cash Alternative ETF (CSHI) FAQ
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Neos Enhanced Income Cash Alternative ETF Profile
| ARCA Exchange | US Country |
Overview
The fund is an innovative financial instrument that operates as an actively-managed Exchange-Traded Fund (ETF). It is designed for investors seeking to optimize their investment strategy by capitalizing on the stability of short-term T-Bills and the potential income generated from options trading. By focusing on 1-3 month T-Bills and S&P 500® Index put options, the fund aims to offer a balanced approach to income generation and capital preservation. The dual strategy of investing in low-risk government securities while engaging in options trading allows for an income boost to the fund, which is not solely reliant on the yields from the Underlying Investments.
Products and Services
- Investment in 1-3 Month T-Bills
- ETFs with Exposure to 1-3 Month T-Bills
- Selling and Purchasing S&P 500® Index Put Options
As a primary strategy, the fund invests in 1-3 month Treasury Bills (T-Bills), which are short-term U.S. government debt securities. These T-Bills are known for their stability and low risk, making them an attractive foundational asset for the fund. By holding these securities, the fund aims to preserve capital while ensuring liquidity, which is critical for the active management component of the strategy.
In addition to direct investment in T-Bills, the fund may also invest in other ETFs that have substantial exposure to 1-3 month T-Bills. This allows for diversification within the short-term fixed-income space, spreading risk across various issuers and maturities within the confines of a very short-term investment horizon. It is an efficient way to gain broader exposure to the market for short-duration government securities without needing to individually select T-Bills.
To generate additional income beyond what is received from the underlying T-Bill investments, the fund engages in selling and purchasing put options on the S&P 500® Index. This strategy involves writing put options to collect premiums, which can enhance the overall yield of the fund. Simultaneously, the fund may purchase put options to protect against downside risk, creating a balanced approach to options trading that seeks to generate income while mitigating potential losses.
