The folks at an option-income-focused shop in the Consitution State are rolling out an fund that focuses on long-term U.S. Treasuries.

Troy Michael Cates NEOS Investments LLC Co-Founder, Managing Partner

Last month, the NEOS Investments [profile] team launched the NEOS Enhanced Income 20+ Year Treasury Bond ETF (TLTI on the Cboe BZX). Westport, Connecticut-based NEOS Investment Management, LLC serves as investment advisor to the new active ETF.

TLTI comes with an expense ratio of 58 basis points, and its inception date was December 11, 2024. As of Tuesday (December 31), the new fund had about $938,000 in AUM.

Troy Cates and Garrett Paolella, managing partners at NEOS, serve as PMs to TLTI. The actively managed ETF is designed to generating monthly income by investing in Treasuries with maturities of 20 years or more, as well as ETFs that invest in those Treasuries and related options.

TLTI is a series of NEOS ETF Trust. The new fund's other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Thompson Hine LLP as counsel; U.S. Bancorp Fund Services, LLC as administrator and transfer agent; and U.S. Bank, N.A. as custodian. 

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