NEOS Gold High Income ETF

IAUI

Market cap $108M

IAUI transforms gold into a source of monthly income through options strategies in exchange for a cap on the upside. If volatility increases, option premiums rise, and IAUI could distribute more. If the increase in IV were to coincide with a contraction in the CAGR of gold prices, this would reduce the gap between the total returns of IAUI and IAU.

Income-focused investors face renewed challenges as the search for yield intensifies amid shifting interest rate environments. To achieve meaningful yields in a low-rate environment, investors may need to assume greater risk in their portfolios. Luckily, there are a few alternatives offering high yields at balanced risk.

The IAUI ETF meets at the intersection of two hot topics for 2025: covered call income funds and gold. IAUI fetches a high distribution yield but won't necessarily achieve similar price results to gold.

NEOS Gold High Income ETF (IAUI) offers gold exposure with high yields by combining gold ETPs and a covered call strategy. IAUI provides income and capital preservation, making it appealing for income investors seeking diversification and reduced portfolio drawdowns. Covered calls on gold, as used by IAUI, can further lower volatility and drawdowns compared to holding gold alone.

NEOS Investments offer high yielding monthly income ETFs based on options strategies on equity and alternative investments. As a secondary priority, the ETFs seek capital appreciation from the underlying securities held. Four of the funds use Section 1256 Index Option Contracts, which treat distributions as 60% long term and 40% short term capital gains.

Investing in gold is a defensive strategy, and one that has been working out incredibly well as the price has been surging. However, gold provides no income on its own, making it an unappealing choice for most income-focused investors. That said, one can still gain gold exposure and generate some cash flow through utilizing options writing strategies.

NEOS Gold High Income ETF is initiated with a hold rating due to mixed performance and limited data since its June 2025 inception. IAUI tracks the Goldman Sachs Physical Gold ETF, but has captured only about 70% of AAAU's upside, underperforming other NEOS covered call funds. The fund offers a high 12.5% distribution rate and consistent payouts, but its options strategy limits upside participation compared to peers like SPYI and QQQI.

WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces September monthly distribution amounts for their suite of ETFs that pursue monthly income and tax efficiency across core portfolio exposures. ETF distribution information as of the September 2025 Ex-Div Date (9/24/2025)   Distribution Rate* Amount / Share (%) Amount / Share ($) Distribution Frequency 30-Day SEC Yield** Bitcoin High Income ETF (.

Gold is one of this year's best-performing assets. As of Sept.

What a year it's been for gold investing! As we approach the end of the third quarter, gold prices are up nearly 40% year-to-date, triggering upward forecast revisions by big firms, and attracting investor dollars on its way up.