NEOS MSCI EAFE High Income ETF
$50.83+0.20 (+0.40%)
- 0.75%
- $211M
- +14.0%
- 10.52%
- 0M sh
- $50.79
- low $46.85high $53.50
The ETF.net NIHI Grade
B
Score 57 out of 100
- 12 of 25
Score 57 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B56 out of 100Rank 11 of 25Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C53 out of 100Rank 13 of 25Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A73 out of 100Rank 6 of 25Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C42 out of 100Rank 14 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B62 out of 100Rank 10 of 25
Our read on NIHI
BNEOS took its options-income playbook overseas: own the developed-markets EAFE basket, sell calls on the index itself, pay cash out monthly. The stated goal is high income delivered tax-efficiently, with room left for the stocks to appreciate.
The Fund seeks high monthly income in a tax-efficient manner while retaining potential for equity appreciation. It invests in ETFs or stocks tracking the MSCI EAFE Investable Market Index and primarily writes call options on that index.
Why people hold it
- Holds EAFE developed-market equity exposure and writes calls on the MSCI EAFE Investable Market Index, turning overseas stock volatility into cash that goes out monthly.neosfunds.com
- Calls are written at the index level rather than name by name, so no single holding gets its upside capped on its own. The prospectus frames the aim as high income in a tax-efficient manner.neosfunds.com
- Most covered-call income funds camp on US large caps. This one points the overlay at developed markets outside the US, a corner with only a handful of competitors.neosfunds.com
Worth knowing
- The 0.75% fee sits above the 0.50% median for its peer group. EFAA runs 0.42% and HOLA 0.50% for their own international overlays.
- Selling calls trades away part of a big rally: when EAFE runs hard, the premium collected is the ceiling on that slice of the move.neosfunds.com
- Payouts can include return of capital, meaning part of a distribution may be your own money coming back. The fund launched in 2025, so the history is short.neosfunds.com
NIHI Holdings
- Stocks
- 2
- 100%
- IEFA
Sectors
- Financials24.3%
- Industrials19.4%
- Technology11.7%
- Health Care9.6%
- Consumer Discretionary7.8%
- Materials6.4%
- Consumer Staples6.2%
- Communication4.6%
- Energy3.9%
- Utilities3.4%
- Real Estate2.6%
Geography
- United States100.00%
NIHI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
NIHI$11,404
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | NIHI |
|---|---|
| Year to date | +7.7% |
| 1 month | −2.7% |
| 3 months | +0.1% |
| 1 year | +14.0% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | NIHI |
|---|---|---|
| 2026 YTD | +7.7% | |
| 2025 | +5.3% |
NIHI in the news
Category Review
Index option income was not one bet this year
NIHI Dividends
- 10.52%
- $5.32
- $0.42 per share
- Monthly
Distribution history
NIHI Risk
- 12.9%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.75
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −10.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.67
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
NIHI Cost
0.75%
NIHI0.75%
- The middle half of Index Option Income funds
- Median 0.81%
10 of the 25 Index Option Income funds charge less.
Other funds in Index Option Income
- BNDIVAmplify Energy & Natural Resources Covered Call ETFExpense ratio 0.59%1 year return +39.7%
- BVAIEVegashares US Equity Autocallable Income ETFExpense ratio 0.74%1 year return —
- BOVMOverlay Shares Municipal Bond ETFExpense ratio 0.81%1 year return +1.3%
- COVFOverlay Shares Foreign Equity ETFExpense ratio 0.83%1 year return +21.4%
- CCHPYYieldMax Semiconductor Portfolio Option Income ETFExpense ratio 1.03%1 year return +86.2%