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IYRI

NEOS Real Estate High Income ETF

  • Distribution Information
  • Average Annual Total Returns
As of 04/30/2025
Distribution Frequency
Monthly
Expense Ratio
0.68%
Distribution Rate
11.86%
30-Day SEC Yield
3.26%
As of 03/31/2025
Inception
Nav
4.79%
Market Price
4.49%
1YR
Nav
--%
Market Price
--%
5YR
Nav
--%
Market Price
--%
10YR
Nav
--%
Market Price
--%

Targeted Benefits of IYRI's Strategy:

  1. The Fund seeks to distribute high levels of monthly income through a data-driven call option strategy on ETFs that seek to track the Dow Jones U.S. Real Estate Capped Index
  2. Actively managed by NEOS, the Fund seeks to offer upside potential in addition to the primary objective of high monthly income
  3. The Fund may offer efficient exposure to a portfolio of U.S. listed REITs with an enhanced layer of high monthly income potential, packaged into a single ETF

Investment Objective:

The NEOS Real Estate High Income ETF (the “Fund”) seeks to generate high monthly income with the potential for equity appreciation.

Fund Details As of: 05/19/2025
Fund Inception 1/14/2025
Fund Ticker IYRI
CUSIP 78433H618
ISIN US678433H618
Gross Expense Ratio 0.68%
Net Assets $45,630,475
Shares Outstanding 900,000
Primary Exchange Cboe
Underlying Exposure Dow Jones U.S. Real Estate Capped Index
Distribution Frequency Monthly

Pricing Information

Data as of 05/19/2025

Closing NAV Price
Net Asset Value $50.70
Daily Change ($) $0.04
Daily Change (%) 0.08%
Closing Market Price
Market Price $50.79
Daily Change ($) $0.02
Daily Change (%) 0.04%
Premium / Discount
Premium Discount (%) 0.18%
30-Day Median Bid-Ask Spread (%) 0.28%
Premium / Discount Information

Where might IYRI fit into an investment portfolio?

IYRI invests in an underlying portfolio of U.S. listed REITs and implements a data-driven call option overlay that seeks high monthly income in addition to the dividends received from the underlying REIT allocations, which may offer investors a higher income complement or alternative to existing REIT allocations.

Fund Performance

Data as of: 04/30/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance -1.36% 0.47 - - 3.37% - - - -
Market Performance -0.83% 0.66 - - 3.62% - - - -
Dow Jones U.S. Real Estate Capped Index -2.01% -0.65 - - 3.07% - - - -

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.

IYRI 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 IYRI, 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: 03/31/2025

1 Mo 3 Mo 6 Mo YTD Inception
(Cumulative)
1 Yr 3 Yr 5 Yr Inception
(Annualized)
Cumulative Annualized
NAV Performance -1.33% - - - 4.79% - - - -
Market Performance -1.56% - - - 4.49% - - - -
Dow Jones U.S. Real Estate Capped Index -2.35% - - - 5.18% - - - -

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.

IYRI 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 IYRI, 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.

Distributions

Distribution Information
(as of 4/30/2025)
Distribution Frequency Monthly
Distribution Rate 11.86%
Distribution Amount / Share ($) $0.4821
Distribution Amount / Share (%) 0.99%
30-Day SEC Yield 3.26%
Supplemental Tax Information: 19a-1 Notices
Declaration Date Ex-Div Date Record Date Payable Date Amount ($)
1/21/2025 1/22/2025 1/22/2025 1/24/2025 $0.5005
2/25/2025 2/26/2025 2/26/2025 2/28/2025 $0.5087
3/25/2025 3/26/2025 3/26/2025 3/28/2025 $0.5137
4/22/2025 4/23/2025 4/23/2025 4/25/2025 $0.4821
5/20/2025 5/21/2025 5/21/2025 5/23/2025 $0.4817
6/24/2025 6/25/2025 6/25/2025 6/27/2025
7/22/2025 7/23/2025 7/23/2025 7/25/2025
8/19/2025 8/20/2025 8/20/2025 8/22/2025
9/23/2025 9/24/2025 9/24/2025 9/26/2025
10/21/2025 10/22/2025 10/22/2025 10/24/2025
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, 85% 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.

Top Holdings

Data as of 05/21/2025   Download Full Holdings

Security Name Identifier Weighting (%)
American Tower Corp AMT 7.56%
Prologis Inc PLD 7.56%
Welltower Inc WELL 6.87%
Equinix Inc EQIX 4.59%
Digital Realty Trust Inc DLR 4.13%
Simon Property Group Inc SPG 3.83%
Realty Income Corp O 3.78%
Public Storage PSA 3.71%
Crown Castle Inc CCI 3.44%
Cbre Group Inc CBRE 2.91%

Holdings are subject to change

Potential Benefits of Utilizing Options-Based ETFs

High Monthly Income

Investors may seek increased income generation potential within their portfolios through option writing (selling).

Lower Correlation

Options-based solutions may be less sensitive to traditional market risk factors such as credit, duration, and inflation risk.

Tax Efficiency

Index options are classified as Section 1256 contracts, which are subject to lower 60/40 tax rates.

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