Semi-Annual Report
November 30, 2023 (Unaudited)

NEOS ETF Trust

NEOS Enhanced Income Cash Alternative ETF

| CSHI

| NYSE Arca

NEOS S&P 500® High Income ETF

| SPYI

| Cboe BZX Exchange, Inc.

NEOS Enhanced Income Aggregate Bond ETF

| BNDI

| NYSE Arca

NEOS ETF Trust

Table of Contents

 

Page

Portfolio Allocations by Sector

3

Schedule of Investments

4

NEOS Enhanced Income Cash Alternative ETF

4

NEOS S&P 500® High Income ETF

6

NEOS Enhanced Income Aggregate Bond ETF

14

Statements of Assets and Liabilities

15

Statements of Operations

16

Statement of Changes in Net Assets

17

NEOS Enhanced Income Cash Alternative ETF

17

NEOS S&P 500® High Income ETF

18

NEOS Enhanced Income Aggregate Bond ETF

19

Financial Highlights

20

NEOS Enhanced Income Cash Alternative ETF

20

NEOS S&P 500® High Income ETF

21

NEOS Enhanced Income Aggregate Bond ETF

22

Notes to the Financial Statements

23

Shareholder Expense Examples

32

Additional Information

33

Portfolio Allocations
by Sector

NEOS ETF Trust

November 30, 2023 (Unaudited)

 

3

NEOS Enhanced Income Cash Alternative ETF

Sector

Percentage of Total Net Assets

U.S. Treasury Obligations

99.4

%

Purchased Options(a)

0.0

%

Money Market Funds and Other Assets and Liabilities

0.6

%

Total

100.0

%

 

NEOS S&P 500® High Income ETF

Sector

Percentage of Total Net Assets

Information Technology

29.4

%

Financials

13.1

%

Health Care

12.6

%

Consumer Discretionary

9.8

%

Communication Services

9.0

%

Industrials

7.9

%

Consumer Staples

6.4

%

Energy

4.3

%

Materials

2.5

%

Utilities

2.4

%

Real Estate

2.4

%

Money Market Fund and Other Assets and Liabilities

0.2

%

Total

100.0

%

 

NEOS Enhanced Income Aggregate Bond ETF

Sector

Percentage of Total Net Assets

Exchange Traded Funds

99.9

%

Purchased Options(a)

0.0

%

Money Market Fund and Other Assets and Liabilities

0.1

%

Total

100.0

%

(a)Represents less than 0.05%.

The accompanying notes are an integral part of these financial statements.

 

4

Schedule of Investments

NEOS Enhanced Income Cash Alternative ETF

November 30, 2023 (Unaudited)

Investments 

 

Par Value

 

 

 

 

 

 

 

Value

U.S. TREASURY OBLIGATIONS — 99.4% (a)

U.S. Treasury Bills,

5.384%, due 12/5/2023

$7,457,000

$7,452,636

5.391%, due 12/7/2023

6,370,000

6,364,404

5.371%, due 12/14/2023

18,586,000

18,550,786

5.381%, due 12/21/2023

2,845,000

2,836,683

5.380%, due 12/28/2023

31,861,000

31,734,813

5.368%, due 1/9/2024

13,247,000

13,171,418

5.360%, due 1/16/2024

9,270,000

9,207,547

5.350%, due 1/23/2024

7,676,000

7,616,516

5.361%, due 1/25/2024

49,367,000

48,968,899

5.323%, due 2/6/2024

24,798,000

24,555,741

5.305%, due 2/15/2024

9,713,000

9,605,566

5.304%, due 2/20/2024

43,783,000

43,266,289

5.382%, due 2/27/2024

30,036,000

29,651,135

TOTAL U.S. TREASURY OBLIGATIONS
(Cost $252,980,665)

252,982,433

 

PURCHASED OPTIONS — 0.0% (b)(c)

 

Contracts (d)

 

Exercise Price

 

Expiration
Date

 

Notional Amount

PUT OPTIONS — 0.0% (b)(c)

Cboe S&P 500 Index

139

$3,900.00

12/14/2023

$63,492,420

9,730

Cboe S&P 500 Index

139

3,950.00

12/14/2023

63,492,420

11,120

Cboe S&P 500 Index

139

4,000.00

12/14/2023

63,492,420

12,857

Cboe S&P 500 Index

139

4,130.00

12/14/2023

63,492,420

19,113

TOTAL PURCHASED OPTIONS
(Cost $53,109)

52,820

 

SHORT-TERM INVESTMENTS - 9.8% (c)

 

Number of Shares

Money Market Funds (c)

First American Treasury Obligations Fund, Class X, 5.277% (e)

24,349,856

24,349,856

Northern U.S. Government Select
Money Market Fund, 6.770% (e)

583,559

583,559

TOTAL SHORT-TERM INVESTMENTS
(Cost $24,933,415)

24,933,415

 

TOTAL INVESTMENTS — 109.2%
(Cost $277,967,189)

277,968,668

LIABILITIES IN EXCESS OF OTHER ASSETS — (9.2)% (b)

(23,357,375

)

NET ASSETS — 100.0%

$254,611,293

(a)The rate shown is yield to maturity.

(b)Represents less than 0.05%.

(c)All or a portion of these securities has been segregated as collateral for written option contracts. As of November 30, 2023, the aggregate fair market value of those assets was $24,986,235, representing 9.8% of net assets.

(d)Each contract equals 100 shares.

(e)7-day net yield.

The accompanying notes are an integral part of these financial statements.

 

5

Schedule of Investments

NEOS Enhanced Income Cash Alternative ETF

November 30, 2023 (Unaudited)

A list of the exchange traded option contracts held by the Fund at November 30, 2023, is as follows:

WRITTEN OPTIONS

 

Contracts (a)

 

Exercise Price

 

Expiration Date

 

Premium Received

 

Notional Amount

 

Value

PUT OPTIONS

Cboe S&P 500 Index

(139

)

$4,090.00

12/14/2023

$(15,534

)

$(63,492,420

)

$(16,680

)

Cboe S&P 500 Index

(139

)

4,180.00

12/14/2023

(20,924

)

(63,492,420

)

(22,588

)

Cboe S&P 500 Index

(139

)

4,225.00

12/14/2023

(24,600

)

(63,492,420

)

(26,410

)

Cboe S&P 500 Index

(139

)

4,275.00

12/14/2023

(30,856

)

(63,492,420

)

(33,360

)

TOTAL WRITTEN OPTIONS

$(91,914

)

$(253,969,680

)

$(99,038

)

(a)Each contract equals 100 shares.

The accompanying notes are an integral part of these financial statements.

 

6

Schedule of Investments

NEOS S&P 500® High Income ETF

November 30, 2023 (Unaudited)

Investments

Number of Shares

 

Value

COMMON STOCKS — 99.7% (a)

Aerospace & Defense — 1.4%

Axon Enterprise, Inc.*

22

$5,057

Boeing Co. (The)*

6,685

1,548,447

General Dynamics Corp.

2,861

706,581

Howmet Aerospace, Inc.

4,767

250,744

Huntington Ingalls Industries, Inc.

2

474

L3Harris Technologies, Inc.

1,909

364,256

Lockheed Martin Corp.

2,861

1,281,070

Northrop Grumman Corp.

1,906

905,655

RTX Corp.

19,069

1,553,742

Textron, Inc.

2,860

219,248

TransDigm Group, Inc.

10

9,629

 

6,844,903

Air Freight & Logistics — 0.5%

CH Robinson Worldwide, Inc.

956

78,440

Expeditors International of Washington, Inc.

1,907

229,488

FedEx Corp.

2,861

740,513

United Parcel Service, Inc., Class B

9,534

1,445,450

 

2,493,891

Automobile Components — 0.1%

Aptiv plc*^

2,862

237,088

BorgWarner, Inc.

2,861

96,387

 

333,475

Automobiles — 2.0%

Ford Motor Co.

60,010

615,703

General Motors Co.

20,020

632,632

Tesla, Inc.*

34,353

8,247,468

 

9,495,803

Banks — 3.2%

Bank of America Corp.

94,245

2,873,530

Citigroup, Inc.

25,743

1,186,752

Citizens Financial Group, Inc.

6,673

181,973

Comerica, Inc.

1,906

86,189

Fifth Third Bancorp

9,533

275,980

Huntington Bancshares, Inc.

20,020

225,425

JPMorgan Chase & Co.

36,404

5,681,936

KeyCorp

12,395

153,574

M&T Bank Corp.

1,908

244,549

PNC Financial Services Group, Inc. (The)

4,769

638,855

Regions Financial Corp.

12,396

206,765

Truist Financial Corp.

18,114

582,184

US Bancorp

18,114

690,506

Wells Fargo & Co.

51,432

2,293,353

Zions Bancorp N.A.

1,907

67,947

 

15,389,518

Investments

Number of Shares

 

Value

Beverages — 1.6%

Brown-Forman Corp., Class B

1,908

$112,076

Coca-Cola Co. (The)

52,383

3,061,263

Constellation Brands, Inc., Class A

1,907

458,614

Keurig Dr. Pepper, Inc.

11,440

361,161

Molson Coors Beverage Co., Class B

1,908

117,418

Monster Beverage Corp.*

9,535

525,855

PepsiCo, Inc.

18,113

3,048,237

 

7,684,624

Biotechnology — 1.9%

AbbVie, Inc.

22,883

3,258,310

Amgen, Inc.

6,675

1,799,847

Biogen, Inc.*

1,906

446,157

Gilead Sciences, Inc.

16,209

1,241,609

Incyte Corp.*

1,908

103,681

Moderna, Inc.*

3,813

296,270

Regeneron Pharmaceuticals, Inc.*

960

790,858

Vertex Pharmaceuticals, Inc.*

2,862

1,015,466

 

8,952,198

Broadline Retail — 3.6%

Amazon.com, Inc.*

113,434

16,571,573

eBay, Inc.

6,676

273,783

Etsy, Inc.*

956

72,474

 

16,917,830

Building Products — 0.4%

A. O. Smith Corp.

956

72,044

Allegion plc^

954

101,210

Carrier Global Corp.

11,440

594,422

Johnson Controls International plc^

8,583

453,182

Masco Corp.

2,861

173,234

Trane Technologies plc^

2,861

644,898

 

2,038,990

Capital Markets — 2.7%

Ameriprise Financial, Inc.

955

337,602

Bank of New York Mellon Corp. (The)

9,534

460,683

BlackRock, Inc.

1,906

1,431,844

Cboe Global Markets, Inc.

955

173,991

Charles Schwab Corp. (The)

20,021

1,227,688

CME Group, Inc.

4,767

1,040,922

FactSet Research Systems, Inc.

8

3,628

Franklin Resources, Inc.

3,813

94,562

Goldman Sachs Group, Inc. (The)

3,822

1,305,366

Intercontinental Exchange, Inc.

7,626

868,144

Invesco Ltd.^

5,722

81,653

MarketAxess Holdings, Inc.

6

1,441

Moody’s Corp.

1,907

695,979

Morgan Stanley

18,114

1,437,165

MSCI, Inc.

954

496,891

Schedule of Investments (Continued)

NEOS S&P 500® High Income ETF

November 30, 2023 (Unaudited)

The accompanying notes are an integral part of these financial statements.

 

7

Investments

Number of Shares

 

Value

COMMON STOCKS — 99.7% (Continued)

Capital Markets — 2.7% (Continued)

Nasdaq, Inc.

4,766

$266,133

Northern Trust Corp.

2,860

226,655

Raymond James Financial, Inc.

2,860

300,729

S&P Global, Inc.

3,820

1,588,470

State Street Corp.

4,767

347,133

T. Rowe Price Group, Inc.

2,861

286,472

 

12,673,151

Chemicals — 1.7%

Air Products and Chemicals, Inc.

2,860

773,773

Albemarle Corp.

956

115,934

Celanese Corp.

955

132,420

CF Industries Holdings, Inc.

1,909

143,461

Corteva, Inc.

9,535

430,982

Dow, Inc.

9,533

493,333

DuPont de Nemours, Inc.

6,673

477,386

Eastman Chemical Co.

956

80,142

Ecolab, Inc.

2,861

548,540

FMC Corp.

956

51,299

International Flavors & Fragrances, Inc.

2,862

215,738

Linde plc^

6,673

2,761,087

LyondellBasell Industries N.V.,
Class A^

2,861

272,081

Mosaic Co. (The)

4,766

171,052

PPG Industries, Inc.

2,861

406,233

Sherwin-Williams Co. (The)

2,861

797,647

 

7,871,108

Commercial Services & Supplies — 0.6%

Cintas Corp.

954

527,801

Copart, Inc.*

11,442

574,617

Republic Services, Inc.

2,860

462,863

Rollins, Inc.

2,861

116,557

Veralto Corp.*

2,860

220,935

Waste Management, Inc.

4,767

815,109

 

2,717,882

Communications Equipment — 0.8%

Arista Networks, Inc.*

2,861

628,590

Cisco Systems, Inc.

51,495

2,491,328

F5, Inc.*

953

163,144

Juniper Networks, Inc.

3,815

108,537

Motorola Solutions, Inc.

1,908

616,036

 

4,007,635

Construction & Engineering — 0.1%

Quanta Services, Inc.

1,906

358,919

 

Construction Materials — 0.2%

Martin Marietta Materials, Inc.

953

442,754

Vulcan Materials Co.

1,906

407,046

 

849,800

Investments

Number of Shares

 

Value

Consumer Finance — 0.5%

American Express Co.

8,580

$1,465,207

Capital One Financial Corp.

4,769

532,506

Discover Financial Services

3,813

354,609

Synchrony Financial

5,723

185,196

 

2,537,518

Consumer Staples Distribution & Retail — 1.9%

Costco Wholesale Corp.

5,722

3,391,658

Dollar General Corp.

2,860

375,003

Dollar Tree, Inc.*

2,860

353,468

Kroger Co. (The)

8,582

379,925

Sysco Corp.

6,675

481,735

Target Corp.

5,722

765,661

Walgreens Boots Alliance, Inc.

9,534

190,108

Walmart, Inc.

19,067

2,968,541

 

8,906,099

Containers & Packaging — 0.2%

Amcor plc^

20,021

189,799

Avery Dennison Corp.

953

185,358

Ball Corp.

3,815

210,931

International Paper Co.

4,766

176,056

Packaging Corp. of America

954

160,282

Sealed Air Corp.

1,906

63,622

Westrock Co.

2,862

117,829

 

1,103,877

Distributors — 0.1%

Genuine Parts Co.

1,906

253,079

LKQ Corp.

2,861

127,400

Pool Corp.

7

2,431

 

382,910

Diversified Telecommunication Services — 0.8%

AT&T, Inc.

102,773

1,702,949

Verizon Communications, Inc.

57,150

2,190,559

 

3,893,508

Electric Utilities — 1.6%

Alliant Energy Corp.

2,861

144,681

American Electric Power Co., Inc.

6,674

530,917

Constellation Energy Corp.

3,815

461,768

Duke Energy Corp.

9,536

879,982

Edison International

4,768

319,408

Entergy Corp.

2,860

290,033

Evergy, Inc.

2,861

146,025

Eversource Energy

4,766

283,148

Exelon Corp.

12,396

477,370

FirstEnergy Corp.

6,675

246,574

NextEra Energy, Inc.

26,694

1,561,866

NRG Energy, Inc.

2,861

136,870

PG&E Corp.

20,974

360,123

Schedule of Investments (Continued)

NEOS S&P 500® High Income ETF

November 30, 2023 (Unaudited)

The accompanying notes are an integral part of these financial statements.

 

8

Investments

Number of Shares

 

Value

COMMON STOCKS — 99.7% (Continued)

Electric Utilities — 1.6% (Continued)

Pinnacle West Capital Corp.

955

$71,568

PPL Corp.

9,534

249,028

Southern Co. (The)

14,301

1,015,085

Xcel Energy, Inc.

6,676

406,168

 

7,580,614

Electrical Equipment — 0.5%

AMETEK, Inc.

2,861

444,113

Eaton Corp. plc^

4,768

1,085,626

Emerson Electric Co.

7,627

678,040

Generac Holdings, Inc.*

953

111,568

Rockwell Automation, Inc.

956

263,321

 

2,582,668

Electronic Equipment, Instruments & Components — 0.5%

Amphenol Corp., Class A

7,628

694,072

CDW Corp.

1,906

401,937

Corning, Inc.

10,486

298,746

Keysight Technologies, Inc.*

1,908

259,278

TE Connectivity Ltd.^

3,816

499,896

Teledyne Technologies, Inc.

9

3,627

Trimble, Inc.*

3,813

176,923

Zebra Technologies Corp., Class A*

11

2,607

 

2,337,086

Energy Equipment & Services — 0.4%

Baker Hughes Co.

12,395

418,331

Halliburton Co.

10,489

388,408

Schlumberger N.V.^

18,113

942,600

 

1,749,339

Entertainment — 1.3%

Electronic Arts, Inc.

2,862

394,985

Live Nation Entertainment, Inc.*

1,906

160,523

Netflix, Inc.*

5,722

2,712,056

Take-Two Interactive Software, Inc.*

1,907

301,688

Walt Disney Co. (The)*

25,741

2,385,933

Warner Bros. Discovery, Inc.*

35,274

368,613

 

6,323,798

Financial Services — 4.4%

Berkshire Hathaway, Inc., Class B*

22,083

7,949,880

Fidelity National Information Services, Inc.

7,628

447,306

Fiserv, Inc.*

8,580

1,120,634

FleetCor Technologies, Inc.*

953

229,196

Global Payments, Inc.

3,813

443,986

Jack Henry & Associates, Inc.

953

151,232

Mastercard, Inc., Class A

10,528

4,356,802

PayPal Holdings, Inc.*

15,255

878,840

Visa, Inc., Class A

20,191

5,182,626

 

20,760,502

Investments

Number of Shares

 

Value

Food Products — 0.9%

Archer-Daniels-Midland Co.

6,675

$492,148

Bunge Global SA^

783

86,028

Campbell Soup Co.

1,909

76,704

Conagra Brands, Inc.

5,722

161,875

General Mills, Inc.

7,626

485,471

Hershey Co. (The)

1,906

358,175

Hormel Foods Corp.

3,813

116,640

J.M. Smucker Co. (The)

955

104,792

Kellogg Co.

2,861

150,317

Kraft Heinz Co. (The)

10,486

368,163

Lamb Weston Holdings, Inc.

1,906

190,657

McCormick & Co., Inc.

2,861

185,479

Mondelez International, Inc., Class A

18,113

1,287,110

Tyson Foods, Inc., Class A

3,814

178,648

 

4,242,207

Gas Utilities — 0.1%

Atmos Energy Corp.

1,906

216,922

 

Ground Transportation — 0.8%

CSX Corp.

27,649

893,063

JB Hunt Transport Services, Inc.

954

176,747

Norfolk Southern Corp.

2,861

624,156

Old Dominion Freight Line, Inc.

954

371,163

Union Pacific Corp.

7,629

1,718,585

 

3,783,714

Health Care Equipment & Supplies — 2.5%

Abbott Laboratories

22,882

2,386,364

Align Technology, Inc.*

953

203,751

Baxter International, Inc.

6,674

240,798

Becton Dickinson and Co.

3,813

900,554

Boston Scientific Corp.

19,067

1,065,655

Cooper Co., Inc. (The)

9

3,032

Dentsply Sirona, Inc.

2,860

90,805

Dexcom, Inc.*

4,768

550,799

Edwards Lifesciences Corp.*

7,629

516,560

GE HealthCare Technologies, Inc.

4,767

326,349

Hologic, Inc.*

2,861

203,989

IDEXX Laboratories, Inc*

954

444,392

Insulet Corp.*

953

180,203

Intuitive Surgical, Inc.*

4,766

1,481,464

Medtronic plc^

17,163

1,360,511

ResMed, Inc.

1,906

300,633

STERIS plc^

955

191,898

Stryker Corp.

3,837

1,137,018

Teleflex, Inc.

3

677

Zimmer Biomet Holdings, Inc.

2,860

332,647

 

11,918,099

Schedule of Investments (Continued)

NEOS S&P 500® High Income ETF

November 30, 2023 (Unaudited)

The accompanying notes are an integral part of these financial statements.

 

9

Investments

Number of Shares

 

Value

COMMON STOCKS — 99.7% (Continued)

Health Care Providers & Services — 2.9%

Cardinal Health, Inc.

2,861

$306,356

Cencora, Inc.

1,907

387,827

Centene Corp.*

7,627

561,957

Cigna Corp.

3,814

1,002,624

CVS Health Corp.

18,115

1,230,914

DaVita, Inc.*

3

304

Elevance Health, Inc.

2,861

1,371,821

HCA Healthcare, Inc.

2,860

716,373

Henry Schein, Inc.*

956

63,794

Humana, Inc.

962

466,435

Laboratory Corp. of America Holdings

954

206,932

McKesson Corp.

1,906

896,887

Molina Healthcare, Inc.*

12

4,387

Quest Diagnostics, Inc.

955

131,055

UnitedHealth Group, Inc.

11,567

6,396,204

Universal Health Services, Inc., Class B

3

413

 

13,744,283

Health Care REITs — 0.2%

Healthpeak Properties, Inc.

6,675

115,611

Ventas, Inc.

4,769

218,611

Welltower, Inc.

5,723

509,919

 

844,141

Hotel & Resort REITs — 0.0% (b)

Host Hotels & Resorts, Inc.

9,535

166,576

 

Hotels, Restaurants & Leisure — 1.6%

Booking Holdings, Inc.*

20

62,514

Caesars Entertainment, Inc.*

2,861

127,944

Carnival Corp.*^

14,301

215,373

Chipotle Mexican Grill, Inc.*

5

11,011

Darden Restaurants, Inc.

956

149,585

Domino’s Pizza, Inc.

2

786

Expedia Group, Inc.*

1,907

259,695

Hilton Worldwide Holdings, Inc.

3,813

638,754

Las Vegas Sands Corp.

3,816

175,994

Marriott International, Inc., Class A

3,813

772,895

McDonald’s Corp.

9,535

2,687,345

MGM Resorts International

3,816

150,503

Norwegian Cruise Line Holdings Ltd.*^

5,722

87,375

Royal Caribbean Cruises Ltd.*^

2,861

307,443

Starbucks Corp.

15,254

1,514,722

Wynn Resorts Ltd.

955

80,621

Yum! Brands, Inc.

3,813

478,722

 

7,721,282

Investments

Number of Shares

 

Value

Household Durables — 0.3%

DR Horton, Inc.

3,814

$486,933

Garmin Ltd.^

1,907

233,112

Lennar Corp., Class A

2,861

365,979

Mohawk Industries, Inc.*

3

265

Newell Brands, Inc.

4,768

36,380

NVR, Inc.*

1

6,155

PulteGroup, Inc.

2,860

252,881

Whirlpool Corp.

3

327

 

1,382,032

Household Products — 1.3%

Church & Dwight Co., Inc.

2,861

276,458

Clorox Co. (The)

956

137,043

Colgate-Palmolive Co.

10,488

826,140

Kimberly-Clark Corp.

3,816

472,154

Procter & Gamble Co. (The)

30,510

4,683,895

 

6,395,690

Independent Power and Renewable
Electricity Producers — 0.0% (b)

AES Corp. (The)

8,582

147,696

 

Industrial Conglomerates — 0.9%

3M Co.

6,676

661,391

General Electric Co.

14,303

1,742,105

Honeywell International, Inc.

8,581

1,681,190

 

4,084,686

Industrial REITs — 0.3%

Prologis, Inc.

12,394

1,424,442

 

Insurance — 2.2%

Aflac, Inc.

7,626

630,746

Allstate Corp. (The)

2,861

394,446

American International Group, Inc.*

9,535

627,498

Aon plc, Class A^

2,860

939,481

Arch Capital Group Ltd.*^

4,766

398,867

Arthur J Gallagher & Co.

2,860

712,140

Assurant, Inc.

3

504

Brown & Brown, Inc.

2,861

213,831

Chubb Ltd.^

4,769

1,094,152

Cincinnati Financial Corp.

1,907

196,021