NEHI – NEOS Ethereum High Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to generate high monthly income with the potential for appreciation based on exposure to exchange-traded products (“ETP”) that have direct exposure to Ether. The fund is an actively managed ETF that seeks to achieve its investment objective by investing in exchange-traded spot Ether ETPs primarily through a controlled foreign corporation and in some cases by directly investing in Spot Ether ETPs, obtaining indirect exposure to Ether by employing an options strategy that consists of selling put options and buying call options generally at the same strike price on one or more Ether-related instruments. It is non-diversified.

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
NEHI	NEOS Ethereum High Income ETF	ETF	Open	—	—	Dec 2, 2025	$116.67M	0.980%	—	—	—

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