NEOS Russell 2000 High Income ETF (IWMI)
| Assets | $645.78M |
| Expense Ratio | 0.68% |
| PE Ratio | n/a |
| Shares Out | 12.86M |
| Dividend (ttm) | $6.86 |
| Dividend Yield | 13.64% |
| Ex-Dividend Date | Feb 18, 2026 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 405,832 |
| Open | 50.03 |
| Previous Close | 50.29 |
| Day's Range | 49.96 - 50.65 |
| 52-Week Low | 38.00 |
| 52-Week High | 51.47 |
| Beta | n/a |
| Holdings | 6 |
| Inception Date | Jun 25, 2024 |
About IWMI
Fund Home PageThe NEOS Russell 2000 High Income ETF (IWMI) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed fund-of-fund that seeks to generate income by investing in constituents of the Russell 2000 Index while also employing a call option strategy. IWMI was launched on Jun 25, 2024 and is issued by Neos.
Top Holdings
| Name | Symbol | Weight |
|---|---|---|
| Vanguard Russell 2000 ETF | VTWO | 100.31% |
| Cash Offset | n/a | 1.01% |
| First American Treasury Obligations Fund | FXFXX | 0.75% |
| OTHER ASSETS AND LIABILITIES | n/a | -0.03% |
| Option on Russell 2000 PR USD | n/a | -0.80% |
| Option on Russell 2000 PR USD | n/a | -1.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 18, 2026 | $0.6018 | Feb 20, 2026 |
| Jan 21, 2026 | $0.6082 | Jan 23, 2026 |
| Dec 24, 2025 | $0.5991 | Dec 26, 2025 |
| Nov 26, 2025 | $0.5732 | Nov 28, 2025 |
| Oct 22, 2025 | $0.5901 | Oct 24, 2025 |
| Sep 24, 2025 | $0.5868 | Sep 26, 2025 |
Performance
IWMI had a total return of 17.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.81%.
News
VIDEO: ETF of the Week: IWMI
On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research Todd Rosenbluth discussed the NEOS Russell 2000 High Income ETF (IWMI) with Chuck Jaffe of Money Life. The pair discussed s...
ETF of the Week: NEOS Russell 2000 High Income ETF (IWMI)
VettaFi's Head of Research Todd Rosenbluth discussed the NEOS Russell 2000 High Income ETF (IWMI) on this week's “ETF of the Week” podcast with Chuck Jaffe of “Money Life.” For more news, information,...
2026 Is About Volatility And 10%+ Covered Call Yields
Volatility and dispersion are the likely key themes for 2026. The sky-high valuations and increasingly shaky economic/financial fundamentals support that view. At the same time, the market's "put mech...
With Small-Caps Rallying, Consider This Income-Rich ETF
One month into 2026, one of the most widely discussed trends is the impressive rebound of domestic small-cap stocks. Sure, the upside delivered to start the year by ETFs tracking the Russell 2000 and ...
I've Never Been More Bullish On Covered Call ETFs Than Now (But With One Caveat)
The market seems to be increasingly punctuated by notable volatility spikes, while the broad indices (and AI names) struggle to justify their valuations. This is the necessary setup for covered call E...
IWMI: Russell 2000 Covered Call ETF, Outstanding Double-Digit Distribution Yield, Strong Performance Track-Record
IWMI tracks the Russell 2000 and writes covered calls on a portion of its holdings. It sports a massive 13.5% distribution yield. Upside potential is significantly reduced, although not zero. The fund...
IWMI: The Ultimate Covered Call ETF To Play The Great Rotation
IWMI offers a ~14% yield by combining small-cap exposure with a tax-efficient out-of-the-money covered call strategy. IWMI has recently outperformed both the Nasdaq-100 and AI-focused covered call ETF...
IWMI: Tax-Efficient Distributions From The Russell 2000 Index (Rating Upgrade)
The NEOS Russell 2000 High Income ETF is upgraded to Buy, offering a 14% yield and strong capital preservation versus higher-yielding peers. The fund's OTM option writing strategy allows some upside b...
IWMI: Small Caps, Big Dividends
The NEOS Russell 2000 High Income ETF offers high monthly income via a covered call strategy on the Russell 2000 index. IWMI currently yields a 14% distribution rate, with approximately 95% of payouts...
MSTY, BLOX, IWMI: Building A High-Income Portfolio
I construct covered call ETF portfolios using a three-bucket approach: safe, moderate, and ultra-high yield for balanced income and risk. Portfolio weightings target 50% in 10–25% yield ETFs, 30% in 2...
NEOS Investments Announces November 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces November monthly distribution amounts for their...
This Is How I Earn $2,000 A Month From Covered Call ETFs
Covered call ETFs play an increasingly vital role for income investors. While they have inherent flaws, the benefits clearly outweigh them. In the article, I detail the rationale for including covered...
Skip The Bubble And Collect ~14% Dividend With IWMI
The NEOS Russell 2000 High Income ETF (IWMI) offers a compelling alternative to large-cap covered call ETFs heavily concentrated in overvalued SPY and QQQ. Historically, small-caps outperform large-ca...
NEOS Investments Announces October 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces October monthly distribution amounts for their ...
High Yield And Tax Advantaged Income Funds From NEOS
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 underly...
NEOS Investments Announces September 2025 ETF Suite Distributions
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 thei...
IWMI: The Best Trade-Off Between Yields And Price Performance
NEOS Russell 2000 High Income ETF (IWMI) offers a compelling 14% yield, attracting strong AUM growth despite modest price depreciation since launch. IWMI provides the best trade-off between high incom...
IWMI: Investing In Small-Cap Options
NEOS Russell 2000 High Income ETF offers a 14.4% yield by writing covered calls on small-cap equities, targeting monthly income. IWMI's actively managed options strategy distinguishes it from passive ...
NEOS Investments Announces August 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces August monthly distribution amounts for their s...
NEOS Investments Announces July 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces July monthly distribution amounts for their sui...
IWMI: Balanced Approach - Writing Options, Preserving Capital
IWMI offers small-cap exposure with high income via call writing, balancing yield and drawdown management, but expect long-term underperformance versus the index. IWMI's tax efficiency using Section 1...
NEOS Investments Announces June 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces June monthly distribution amounts for their sui...
NEOS Investments Announces May 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces May monthly distribution amounts for their suit...
NEOS Investments Announces April 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces April monthly distribution amounts for their su...
IWMI: Could Be A Solid Option ETF Once The Dust Settles
Market declines offer opportunities to accumulate shares at discounted valuations, but IWMI should only supplement existing Russell 2000 positions due to its capped upside and downside risks. IWMI's c...
NEOS Investments Announces March 2025 ETF Suite Distributions (Correction)
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces March monthly distribution amounts for their su...
NEOS Investments Announces March 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces March monthly distribution amounts for their su...
IWMI: High Current Income And Some Downside Protection From Russell 2000 Options
The NEOS Russell 2000 High Income ETF was only launched in June 2024 with the goal of providing high current income through the sale of call options. A high current distribution rate has helped IWMI o...
NEOS Investments Announces January 2025 ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces January monthly distribution amounts for their ...
NEOS Investments Announces December ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces December monthly distribution amounts for their...
NEOS Investments Announces Strategic Investment from Aretex Capital and Tom Lydon
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments LLC, an innovative ETF issuer known for its tax-efficient income strategies, announces that Aretex Capital Partners, along with ETF industry expert T...
NEOS Investments Announces November ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces November monthly distribution amounts for their...
IWMI: Short History, Strong Yield
IWMI enhances yield through an options strategy, offering a 14.8% distribution rate by leveraging Russell 2000 Index volatility. IWMI employs covered call writing, generating income from option premiu...
IWMI: Generating Income With Lower Volatility In A Shifting Small-Cap Market
IWMI ETF combines small-cap stock exposure with an active options strategy, offering tax-efficient monthly income yielding 14.82%. Small-cap stocks are poised for a comeback: IWMI positions itself to ...
NEOS Investments Announces September ETF Suite Distributions
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 thei...
NEOS Investments Announces August ETF Suite Distributions
WESTPORT, Conn.--(BUSINESS WIRE)--NEOS Investments, an asset management firm comprised of leaders and pioneers in the options-based ETF space, announces August monthly distribution amounts for their s...