NEOS Real Estate High Income ETF

IYRI

Market cap $119M

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.

NEOS' Real Estate High Income ETF (IYRI) offers double-digit, tax-efficient monthly yields, appealing to income-focused investors seeking real estate exposure without direct property ownership. IYRI's covered call strategy provides high distributions, mostly as return of capital, making it attractive for both taxable and retirement accounts. While IYRI underperformed traditional REIT ETFs (XLRE, VNQ) year-to-date, its total return outpaces peers due to significantly higher yields and potential upside from declining interest rates.

The Dividend Harvesting Portfolio rebounded this week, achieving a 33.10% return on invested capital and $2,636.53 in forward annualized dividend income. Despite the government shutdown and postponed jobs report, I expect Q3 earnings—not political events—to drive market direction in the near term. Added NEOS Real Estate High Income ETF for its attractive 11.17% yield and broad REIT exposure, anticipating both capital appreciation and income growth.

The NEOS Real Estate High Income ETF offers a unique covered call strategy focused on equity REITs. The underlying REITs have a clear value and quality tilt. More importantly, IYRI's covered call structure comes in handy for those investors, who have not bought into the REIT "renaissance" idea.

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 (.

The NEOS Real Estate High Income ETF offers dividend investors long exposure to U.S. REITs with an income-focused covered call strategy. IYRI is set to benefit from the Federal Reserve's recent interest rate cuts, which are generally positive for the capital-intensive real estate sector. The ETF provides a high yield of 11% by writing covered calls, but this strategy limits upside potential if REIT prices rise sharply.

Pessimistic market sentiment often creates generational buying opportunities. Legendary investors like Warren Buffett have made fortunes by being greedy when others are fearful. Unfortunately, while the data points provide a ground for being fearful, the market is still greedy. We could make a case for experiencing 'the everything bubble'.

Interest rates are very likely set to go down. This creates a fruitful ground for REIT bulls to become optimistic. Yet, there is an important caveat to this.

Most investors are never going to get to $10,000 in monthly income, at least not when you adjust for inflation.

IYRI uses a natural long REIT portfolio and covered call writing to boost income, offering a 7.65% yield by Seeking Alpha's measure. The ETF's open-ended structure avoids liquidity risks, but its 0.68% expense ratio is high versus index funds, though reasonable for options strategies. Covered call writing sacrifices upside for income, so investors must weigh higher risk versus similar yields available in safer municipal bonds.