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Launched · SEC filings

NEOS MSCI EAFE High Income ETF

NIHICboeNeosB

$50.51+0.15 (+0.31%)

At close: Nov 2, 2026, 4:00 PM ET

B66/ 100

Rank 6 of 25 in Index Option Income

B66/100Rank 6 of 25inIndex Option Income
Intraday session: up, 79 prints from 50.35 to 50.51. Range 50.38 to 50.75. Use the arrow keys to read each point.50.4050.6050.7010 AM12 PM2 PM4 PM
Expense ratio
0.68%*
Fund size
$215M
1Y total return
+7.6%
Yield · Last 12 months
10.63%
Holdings
2
Avg volume · 30D
47.9K sh
52W range
low $46.85high $53.50
Launched
Filings
SEC EDGAR

*After a fee waiver that ends May 1, 2027. Without it: 0.75%.

The ETF.net NIHI Grade

Based on 5 of 6 pillars

B

Score 66 out of 100

Category
Index Option Income⁠
Rank
6 of 25
Six-pillar profile for NIHI. Scores out of 100: Cost 73, Risk 58, Mission not scored, Tradability 78, Holdings 43, Durability 62. Strongest: Tradability (78). Weakest: Holdings (43). Based on 5 of 6 pillars.

Score 66 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.
    A73 out of 100
    Rank 7 of 25

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B58 out of 100
    Rank 11 of 25

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 3 of 25

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C43 out of 100
    Rank 13 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 11 of 25

Our read on NIHI

ETF.net Research

In short

BDeveloped-market international equity with the income engine bolted on: NIHI holds MSCI EAFE exposure and sells index calls for high monthly income, structured for 60/40 tax treatment. 0.68% net of a waiver through May 1, 2027.

Stated mandate

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

  • 0.68% net of a waiver through May 1, 2027 (0.75% gross), below the median for options-income funds. EFAA, at 0.39% net of a waiver through August 31, 2027, goes lower.
  • The index calls are Section 1256 contracts: gains count 60% long-term and 40% short-term no matter the holding period, and managers may harvest losses against gains.neosfunds.comsec.gov
  • Not a pure premium harvester. The adviser can run a net-credit call spread, buying further out-of-the-money calls, to keep some participation when the index climbs.neosfunds.comsec.gov
  • Developed-market stocks tracked through the MSCI EAFE Investable Market Index, with the option income paid out monthly.

Worth knowing

  • Selling calls trades away gains above the strikes: when the index rallies past them, those short calls lose and limit how much of the climb the fund keeps.neosfunds.com
  • Monthly payouts vary and can include return of capital, which hands back part of your own investment and lowers your cost basis.neosfunds.com
  • Launched in September 2025, so the track record is short, and it trades lightly next to the category's giants.

NIHI Holdings

Holdings pillarC43 out of 100Rank 13 of 19 in Index Option Income
Asset class
Stocks
Holdings
2
Top-10 weight
101%
Largest holding
IEFA100.1%

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

  • Japan26.12%
  • United Kingdom13.75%
  • Switzerland9.35%
  • Germany8.11%
  • France7.58%
  • Australia7.27%
  • Netherlands5.38%
  • Sweden3.58%
  • Other countries (21)18.87%

Developed 98% · Emerging 2% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1IEFAiShares Core MSCI EAFE ETF100.05%2,252,353$217M12
2Cash&OtherCash & Other0.81%1,761,387$1.76M52

Showing 1–2 of 2 holdings

NIHI Performance

Launched Sep 16, 2025

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$10,762
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. NIHI $10,762. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for NIHI. Periods over one year show the average yearly return.
PeriodNIHI
Year to date+8.1%
1 month−0.3%
3 months−0.7%
1 year+7.6%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NIHI
YearReturn barNIHI
2026 YTD+8.1%
2025+5.3%

History from Sep 17, 2025

NIHI in the news

NIHI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
10.63%Last 12 months
Payout per share
$5.35Last 12 months
Last payment
$0.43 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2025–2026

One bar per payment. 14 payments from 2025 to 2026 YTD. Sep 24, 2025 $0.38; Oct 22, 2025 $0.40; Nov 26, 2025 $0.40; Dec 24, 2025 $0.56; Jan 21, 2026 $0.57; Feb 18, 2026 $0.44; Mar 18, 2026 $0.41; Apr 22, 2026 $0.43; May 20, 2026 $0.42; Jun 16, 2026 $0.41; Jul 22, 2026 $0.42; Aug 19, 2026 $0.43; Sep 16, 2026 $0.42; Oct 21, 2026 $0.43. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Oct 21, 2026Oct 23, 2026$0.43
Sep 16, 2026Sep 18, 2026$0.42
Aug 19, 2026Aug 21, 2026$0.43
Jul 22, 2026Jul 24, 2026$0.42
Jun 16, 2026Jun 18, 2026$0.41
May 20, 2026May 22, 2026$0.42
Apr 22, 2026Apr 24, 2026$0.43
Mar 18, 2026Mar 20, 2026$0.41
Feb 18, 2026Feb 20, 2026$0.44
Jan 21, 2026Jan 23, 2026$0.57
Dec 24, 2025Dec 26, 2025$0.56
Nov 26, 2025Nov 28, 2025$0.40

See all 14 payments⁠

$10,000 in NIHI 1 year ago paid $1,030 in dividends.⁠

NIHI Risk

Risk pillarB58 out of 100Rank 11 of 25 in Index Option Income
How much the fund’s monthly returns vary, scaled to a year.
12.4%
Annualised · 13 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.67
vs 3-month T-bills · 13 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−10.9%
13 months · trough Mar 2026
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.

How strongly the fund’s returns move with its asset-class index.
0.67
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

NIHI Cost

Compare NIHI and LQDW

Overpaying vs LQDW, cheapest in Index Option Income

$6,320

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NIHI 0.68%

    $13,252

  • LQDW 0.34% Cheapest

    $6,932

$10,000
30 years

Cost over time

  • NIHI 0.68%
  • LQDW 0.34%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530NIHI $13,252LQDW $6,932

Year by year

YearNIHILQDWOverpaying
10$1,215$616$599
20$4,633$2,386$2,247
30$13,252$6,932$6,320
How the 0.68% is worked out

Full fee 0.75%− waiver 0.07%= you pay 0.68%

The waiver ends May 1, 2027. After that the fee is 0.75% unless Neos renews it. Source: prospectus, Apr 2026.

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