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The NEOS Russell 2000® High Income ETF (the “Fund”) seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation.
Distributions made by the Fund have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. As of the most recent distribution by the Fund, 88% was estimated to be return of capital. Please see the 19a-1 notices for a more comprehensive breakdown. To learn more about the potential tax efficiencies of return of capital distributions, click here
| Fund Details | As of: 11/14/2025 |
|---|---|
| Fund Inception | 6/25/2024 |
| Fund Ticker | IWMI |
| CUSIP | 78433H634 |
| ISIN | US78433H6348 |
| Gross Expense Ratio* | 0.78% |
| Net Expense Ratio* | 0.68% |
| Net Assets | $372,177,939 |
| Shares Outstanding | 7,810,000 | Primary Exchange | CBOE |
| Underlying Exposure | Russell 2000® Index |
| Distribution Frequency | Monthly |
| Fund Resources |
|---|
|
Fact sheet |
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Prospectus |
*The Adviser has contractually agreed to keep net expenses from exceeding 0.68% of the Fund's average daily net assets through September 30, 2026 subject to approval of the agreement by the Board
Data as of 11/14/2025
| Closing NAV Price | |
|---|---|
| Net Asset Value | $47.65 |
| Daily Change ($) | $0.15 |
| Daily Change (%) | 0.31% |
| Closing Market Price | |
|---|---|
| Market Price | $47.68 |
| Daily Change ($) | $0.17 |
| Daily Change (%) | 0.36% |
| Premium / Discount | |
|---|---|
| Premium Discount (%) | 0.05% |
| 30-Day Median Bid-Ask Spread (%) | 0.04% |
IWMI may be considered as an alternative or complement to existing small cap equity allocations that seeks to provide a tax efficient monthly income stream, while maintaining the opportunity for upside participation when market conditions warrant.
Data as of: 10/31/2025
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance | 1.98% | 11.01% | 23.56% | 13.16% | 20.35% | 12.90% | - | - | 14.67% |
| Market Performance | 2.02% | 10.90% | 23.69% | 12.93% | 20.30% | 12.39% | - | - | 14.63% |
| Cboe Russell 2000 BuyWrite Monthly Index | 3.49% | 8.26% | 13.16% | 4.93% | 14.82% | 9.48% | - | - | 10.75% |
| Russell 2000 Index | 1.81% | 12.48% | 27.09% | 12.39% | 24.31% | 14.41% | - | - | 17.44% |
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.
IWMI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Market Price returns are based upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for IWMI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Data as of: 09/30/2025
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance | 3.20% | 11.00% | 19.46% | 10.96% | 18.02% | 10.05% | - | - | 13.95% |
| Market Performance | 3.07% | 10.82% | 19.62% | 10.69% | 17.92% | 9.42% | - | - | 13.87% |
| Cboe Russell 2000 BuyWrite Monthly Index | 0.65% | 4.39% | 6.21% | 1.39% | 10.95% | 5.86% | - | - | 8.54% |
| Russell 2000 Index | 3.11% | 12.39% | 21.95% | 10.39% | 22.10% | 10.76% | - | - | 17.05% |
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.
IWMI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Market Price returns are based upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for IWMI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
Data as of: 09/30/2025
| 1 Mo | 3 Mo | 6 Mo | YTD | Inception (Cumulative) |
1 Yr | 3 Yr | 5 Yr | Inception (Annualized) |
|
|---|---|---|---|---|---|---|---|---|---|
| Cumulative | Annualized | ||||||||
| NAV Performance (Post-Tax on Fund Distributions) |
2.70% | 9.39% | 15.97% | 6.11% | 12.16% | 4.97% | - | - | 9.47% |
| NAV Performance (Post-Tax on Fund Distributions and Shares Sold) |
1.90% | 6.48% | 11.32% | 6.20% | 11.18% | 5.76% | - | - | 8.71% |
| Market Performance (Post-Tax on Fund Distributions) |
2.56% | 9.22% | 16.16% | 5.87% | 12.09% | 4.39% | - | - | 9.41% |
| Market Performance (Post-Tax on Fund Distributions and Shares Sold) |
1.82% | 6.37% | 11.44% | 6.05% | 11.13% | 5.41% | - | - | 8.68% |
Past performance is no guarantee of future results. The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. For performance data current to the most recent month end, please call (866) 498-5677.
IWMI is bought and sold at market price (not NAV) and are not individually redeemed from the fund. Brokerage commissions will reduce returns. Market Price returns are based upon the official closing price on the listing exchange (CBOE) at 4:00 p.m. ET when NAV is normally determined for IWMI, and do not represent the returns you would receive if you traded shares at other times. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding.
After-tax returns are calculated using the highest individual federal income tax rates in effect at the time of each distribution, and do not reflect the impact of state and local taxes. After-tax returns for most funds are calculated using the tax liability implied by each of their respective declared distributions. However, the exact tax characteristics of many distributions aren't known until after the close of the calendar year. When accounting for the return of capital, the system uses the pro-rata method to reduce cost basis. The pre-liquidation return is identical to a standard rate of return except when reinvesting the distributions, we must first reduce the reinvestment amount of each component of the distribution by the appropriate tax rate. Post-liquidation returns may be adversely impacted by an investor's deferred tax liabilities.
The hypothetical growth of $10,000 chart reflects a hypothetical investment and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses were deducted.
| Distribution Information (as of 10/31/2025) |
|
|---|---|
| Distribution Frequency | Monthly |
| Distribution Rate |
14.63% |
| 12-Month Trailing Distribution Rate |
14.29% |
| Distribution Amount / Share ($) | $0.5901 |
| Distribution Amount / Share (%) | 1.22% |
| 30-Day SEC Yield |
0.64% |
| Unsubsidized 30-Day SEC Yield |
0.57% |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 1/21/2025 | 1/22/2025 | 1/22/2025 | 1/24/2025 | $0.6086 |
| 2/25/2025 | 2/26/2025 | 2/26/2025 | 2/28/2025 | $0.5833 |
| 3/25/2025 | 3/26/2025 | 3/26/2025 | 3/28/2025 | $0.5685 |
| 4/22/2025 | 4/23/2025 | 4/23/2025 | 4/25/2025 | $0.4980 |
| 5/20/2025 | 5/21/2025 | 5/21/2025 | 5/23/2025 | $0.5534 |
| 6/24/2025 | 6/25/2025 | 6/25/2025 | 6/27/2025 | $0.5573 |
| 7/22/2025 | 7/23/2025 | 7/23/2025 | 7/25/2025 | $0.5616 |
| 8/19/2025 | 8/20/2025 | 8/20/2025 | 8/22/2025 | $0.5617 |
| 9/23/2025 | 9/24/2025 | 9/24/2025 | 9/26/2025 | $0.5868 |
| 10/21/2025 | 10/22/2025 | 10/22/2025 | 10/24/2025 | $0.5901 |
| 11/25/2025 | 11/26/2025 | 11/26/2025 | 11/28/2025 | |
| 12/23/2025 | 12/24/2025 | 12/24/2025 | 12/26/2025 |
Distributions made by the Fund have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. As of the most recent distribution by the Fund, 88% was estimated to be return of capital. Please see the 19a-1 notices for a more comprehensive breakdown. To learn more about the potential tax efficiencies of return of capital distributions, click here.
| Declaration Date | Record Date | Ex-Div Date | Payable Date | Amount ($) |
|---|---|---|---|---|
| 6/25/2024 | 6/26/2024 | 6/26/2024 | 6/27/2024 | $0.5450 |
| 7/23/2024 | 7/24/2024 | 7/24/2024 | 7/25/2024 | $0.6016 |
| 8/20/2024 | 8/21/2024 | 8/21/2024 | 8/22/2024 | $0.6579 |
| 9/24/2024 | 9/25/2024 | 9/25/2024 | 9/26/2024 | $0.6233 |
| 10/22/2024 | 10/23/2024 | 10/23/2024 | 10/24/2024 | $0.6239 |
| 11/19/2024 | 11/20/2024 | 11/20/2024 | 11/21/2024 | $0.6344 |
| 12/23/2024 | 12/24/2024 | 12/24/2024 | 12/26/2024 | $0.6108 |
Data as of 11/18/2025 Download Full Holdings
| Security Name | Identifier | Weighting (%) |
|---|---|---|
| Vanguard Russell 2000 Etf | VTWO | 99.63% |
| Rut Us 12/19/25 C2590 | RUT 251219C02590000 | -0.07% |
| Rut Us 12/19/25 C2540 | RUT 251219C02540000 | -0.13% |
Holdings are subject to change
| Fund Resources |
|---|
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