IWMI – NEOS Russell 2000 High Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation. The fund is an actively-managed ETF that seeks to achieve its investment objective by (i) investing in one or more ETFs that seeks to track the Russell 2000® Index, a portfolio of stocks that make up the Russell 2000® Index, or a combination thereof; and (ii) utilizing a call options strategy to provide high monthly income, which primarily consists of writing (selling) call options on the Russell 2000®.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
IWMI	NEOS Russell 2000 High Income ETF	ETF	Open	—		Jun 24, 2024	$1.29B	0.680%	—	—	$871.74M

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