IAUI vs KSLV

IAUIANEOS Gold High Income ETF

KSLVCKurv Silver Enhanced Income ETF

In short

IAUI Gold pays no dividend. IAUI's whole job is to change that: exposure to gold ETPs wrapped in a strategy seeking high monthly income, at 0.79% a year.

KSLV Nearly every fund in the precious-metals income aisle is built on gold. KSLV takes the silver side, pairing options income with silver-price exposure and paying monthly. Fee: 0.99%, no waiver, right around the category norm.

Stated mandate

IAUI The Fund seeks high monthly income and potential appreciation through exposure to exchange-traded products that directly expose investors to gold.

KSLV The Fund seeks to maximize total return by actively managing a portfolio with efficient exposure to silver while generating potentially tax-efficient income.

Why people hold it

• IAUI Gold on its own throws off no cash. This fund seeks high monthly income from gold ETP exposure and distributes on a monthly cadence.neosfunds.com
• 0.79% a year, under the 0.99% median for its gold options-income cohort and below the miner-based route (GDXY at 1.00%, IGLD at 0.85%).
• The metal, not the miners: exposure runs through gold ETPs, so mine costs, labor strikes and company-level missteps stay out of the picture.neosfunds.com
• Sits among the strongest overall implementations in its gold-income peer group, and it changes hands with respectable volume for such a narrow niche.

• KSLV The metals income shelf is almost all gold (IAUI, IGLD, KGLD). KSLV runs the same call-writing playbook on silver.
• Actively managed overlay: the adviser can write calls on part of the position, or uncovered when it sees volatility mispriced, instead of a fixed slice each month.sec.gov
• Pays monthly, with silver exposure built from options on silver ETPs inside a registered 1940 Act fund.sec.gov

Worth knowing

• IAUI One commodity, one story. No earnings or dividends sit underneath; the position lives and dies by the gold price.
• Distributions can include return of capital, which means part of a payout may be your own money handed back rather than income earned.neosfunds.com
• Launched in 2025, so the track record is short and any read on its risk profile rests on limited history.

• KSLV Distributions can include return of capital, so part of a payment may be your own money coming back.
• Written calls limit participation in a silver rally, and the adviser may write uncovered calls, which carries risk beyond a plain covered-call sleeve.sec.gov
• Costs 0.99% with no fee waiver: near the category norm, above gold-overlay peers like YGLD (0.62%) and SLJY (0.76%). It launched in 2025, so the record is short.

Full IAUI profile⁠

Full KSLV profile⁠