NEOS Russell 2000 High Income ETF (IWMI)

NEOS Russell 2000 High Income ETF is an actively managed fund from NEOS Investments that seeks to provide high monthly income along with exposure to U.S. small-cap stocks as represented by the Russell 2000 Index.

The fund holds a portfolio designed to track the Russell 2000 and sells call options on the index to generate premium income. NEOS uses index options that receive Section 1256 tax treatment and actively manages the call-writing program, sometimes leaving part of the portfolio uncovered to retain some upside. The calls cap participation in strong rallies, while the fund remains exposed to declines in small-cap stocks.