NIHI ETF — Holdings & Analysis

The NEOS MSCI EAFE High Income ETF (NIHI) is an actively managed fund that aims to generate high monthly income in a tax-efficient manner, while also providing the potential for equity appreciation. Launched in September 2025, NIHI primarily invests in the iShares Core MSCI EAFE ETF (IEFA), which provides exposure to a broad range of developed market equities outside of the United States and Canada. The fund also utilizes options strategies to enhance income generation. NIHI's investment approach focuses on delivering consistent income to investors, making it a potentially attractive option for those seeking regular payouts from their investments. Past performance does not guarantee future results.

The NEOS MSCI EAFE High Income ETF (NIHI) has an expense ratio of 0.75%. This means that for every $10,000 invested in the fund, $75 is used to cover the fund's operating expenses annually. While there isn't a definitive category average for high-income international equity ETFs, the expense ratio is higher than broad-based international equity ETFs, which often have expense ratios below 0.50%. the may be worth researching expense ratio when evaluating the overall cost of investing in NIHI. Past performance does not guarantee future results.

As of 2026-03-15, the top holdings in the NEOS MSCI EAFE High Income ETF (NIHI) are heavily concentrated in a single ETF. The iShares Core MSCI EAFE ETF (IEFA) constitutes 101.34% of NIHI's portfolio. The First American Treasury Obligs X (FXFXX) makes up 0.62% of the fund. This concentrated approach means that NIHI's performance is highly dependent on the performance of IEFA and, to a lesser extent, short-term U.S. Treasury obligations. Investors should be aware of this concentration risk when considering an investment in NIHI. Past performance does not guarantee future results.

Whether NIHI is a suitable long-term investment depends on an individual investor's specific financial goals, risk tolerance, and investment horizon. NIHI aims to provide high monthly income and potential equity appreciation, which may appeal to income-seeking investors. However, the fund's concentrated holdings, particularly its significant allocation to the iShares Core MSCI EAFE ETF (IEFA) and the Financial Services sector, introduce concentration risk. The expense ratio of 0.75% should also be considered. Investors should carefully evaluate these factors and consult with a financial advisor before making any investment decisions. Past performance does not guarantee future results.

NIHI differentiates itself through its high-income objective and its use of options strategies to enhance income generation. Many international equity ETFs focus primarily on capital appreciation, while NIHI prioritizes income. With AUM of $0.15 billion, NIHI is smaller than some of the more established international equity ETFs. Its expense ratio of 0.75% is higher than many passively managed international equity ETFs, but may be justified by its active management and income-generating strategy. Investors should compare NIHI's performance, risk profile, and income distribution to those of other international equity and high-income ETFs to determine if it aligns with their investment objectives. Past performance does not guarantee future results.

As of 2026-03-15, the NEOS MSCI EAFE High Income ETF (NIHI) has a dividend yield of 0.00%. While the fund's objective is to generate high monthly income, the current dividend yield suggests that it may not be distributing significant income at this time. Investors seeking current income should carefully review the fund's distribution history and consult with a financial advisor to determine if NIHI aligns with their income needs. The fund's income generation strategy relies on options, which may result in variable income distributions. Past performance does not guarantee future results.