TLTINEOS Enhanced Income 20+ Year Treasury Bond ETF
Seeks to generate monthly income in a tax efficient manner.
By Neos Funds · Launched 2024
0.58%
#2,930 of 5,562 · average
$15M
#4,522 of 5,562 · small
6.30%
1 year
#3,997 of 5,562 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 9 holdings = 98.3% of fundconcentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to generate monthly income in a tax efficient manner.
- Strategy
- Actively manages investments primarily in U.S. Treasury securities with maturities over 20 years and utilizes S&P 500 Index put options to enhance income. The strategy aims for tax efficiency and may involve frequent trading to capture gains.
- Inception date
- December 10, 2024
- Fund family
- Neos Funds
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
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 2026-06-19