CSHINEOS Enhanced Income 1-3 Month T-Bill ETF
Seeks to generate monthly income in a tax efficient manner.
By Neos Funds · Launched 2022
0.38%
#1,830 of 5,861 · low cost
$1.4B
#940 of 5,861 · large
4.86%
3 years
#2,698 of 5,861 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 78.1% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to generate monthly income in a tax efficient manner.
- Strategy
- Actively manages a portfolio primarily invested in 1-3 month T-Bills and employs an options strategy involving S&P 500® Index put options to generate additional income. Focuses on tax efficiency and may engage in active trading to achieve its investment objective.
- Inception date
- August 29, 2022
- Fund family
- Neos Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
The big yield isn't extra money
The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.
Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-08-04