Key stats
About NEOS ETF Trust NEOS Russell 2000 High Income ETF
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Inception date
Jun 25, 2024
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Neos Investment Management LLC
Distributor
Foreside Fund Services LLC
IWMI invests in the Russell 2000 Index while also employing a call options strategy. The fund aims to generate high monthly tax-efficient income from dividend yields and call option premiums. Due to the nature of the funds option strategy, the fund limits its participation for potential gains when the index increases in value. While not an index fund, IWMI employs a replication strategy that most often substantially invests in underlying ETFs and securities in the same proportion as their index weighting. The fund may also do a representative sampling strategy, which involves investing in a sample of securities with similar characteristics. The Russell 2000 is a well-regarded benchmark index for US small-cap stocks. As an actively managed fund-of-fund, the adviser has full discretion to make any investment decision at any time, including the management of call options prior to expiration to capture gains and minimize losses.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF101.50%
Mutual fund1.59%
Cash−1.30%
Rights & Warrants−1.80%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IWMI invests in funds. The fund's major sectors are ETF, with 101.50% stocks, and Mutual fund, with 1.59% of the basket. The assets are mostly located in the North America region.
IWMI last dividends amounted to 0.55 USD. The month before, the issuer paid 0.50 USD in dividends, which shows a 10.01% increase.
IWMI assets under management is 179.62 M USD. It's risen 15.57% over the last month.
IWMI fund flows account for 198.48 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, IWMI pays dividends to its holders with the dividend yield of 16.29%. The last dividend (May 23, 2025) amounted to 0.55 USD. The dividends are paid monthly.
IWMI shares are issued by NEOS Investments LLC under the brand Neos. The ETF was launched on Jun 25, 2024, and its management style is Active.
IWMI expense ratio is 0.68% meaning you'd have to pay 0.68% of your investment to help manage the fund.
IWMI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IWMI invests in funds.
IWMI price has risen by 6.12% over the last month, and its yearly performance shows a −12.94% decrease. See more dynamics on IWMI price chart.
NAV returns, another gauge of an ETF dynamics, showed a −6.32% decrease in three-month performance and has decreased by −3.25% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −6.32% decrease in three-month performance and has decreased by −3.25% in a year.
IWMI trades at a premium (0.23%) meaning the ETF is trading at a higher price than the calculated NAV.