Key stats
About NEOS ETF Trust NEOS Gold High Income ETF
Home page
Inception date
Jun 5, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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
IAUI provides exposure to the price of gold bullion through a combination of strategies: ETPs, synthetic options, and covered calls. To start, the actively managed fund invests up to 25% of its assets in ETPs with direct exposure to physical gold through a wholly owned foreign subsidiary in the Cayman Islands. Shifts in the price of gold ETPs typically coincide with the actual price of gold. The fund concurrently invests in FLEX options, with gold ETP as the reference asset, while employing two options strategies. The first strategy aims to replicate shifts in ETP value by creating synthetic exposure through purchasing calls and selling put options at the same strike price with the same expiration. The second seeks to generate high monthly income by writing call options on gold ETPs with expected expirations of approximately one month. Note that the funds overall strategy will limit participation in gains of gold beyond a certain point. The fund is also required to post collateral.
Classification
What's in the fund
Exposure type
Government
Mutual fund
Bonds, Cash & Other100.00%
Government75.19%
Mutual fund25.22%
Cash−0.01%
Rights & Warrants−0.40%
Top 10 holdings
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
IAUI trades at 50.31 USD today, its price has fallen −0.05% in the past 24 hours. Track more dynamics on IAUI price chart.
IAUI assets under management is 9.63 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
IAUI fund flows account for 9.43 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
IAUI invests in bonds. See more details in our Analysis section.
IAUI expense ratio is 0.78%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, IAUI isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, IAUI doesn't pay dividends to its holders.
IAUI trades at a premium (0.24%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
IAUI shares are issued by NEOS Investments LLC
IAUI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jun 5, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.