NIHI ETF — Holdings & Analysis

The NEOS MSCI EAFE High Income ETF (NIHI) is an equity ETF managed by Neos, with $0.15 billion in assets under management.

Launched in September 2025, NIHI aims to generate high monthly income in a tax-efficient manner while offering potential for equity appreciation. Its strategy heavily relies on holdings in the iShares Core MSCI EAFE ETF (IEFA), representing over 101% of its portfolio, and a significant allocation to the Financial Services sector, differentiating it from broader market ETFs. The ETF's expense ratio is 0.75%. Past performance does not guarantee future results.

NEOS MSCI EAFE High Income ETF (NIHI) ETF — Price, Holdings & Analysis

The NEOS MSCI EAFE High Income ETF (NIHI) is an equity ETF managed by Neos, with $0.15 billion in assets under management. Launched in September 2025, NIHI aims to generate high monthly income in a tax-efficient manner while offering potential for equity appreciation. Its strategy heavily relies on holdings in the iShares Core MSCI EAFE ETF (IEFA), representing over 101% of its portfolio, and a significant allocation to the Financial Services sector, differentiating it from broader market ETFs. The ETF's expense ratio is 0.75%. Past performance does not guarantee future results.

ETF Overview

The NEOS MSCI EAFE High Income ETF (the “Fund”) seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation.

The NEOS MSCI EAFE High Income ETF (NIHI) seeks to provide investors with high monthly income and potential equity appreciation by primarily investing in the iShares Core MSCI EAFE ETF (IEFA). This ETF effectively serves as a fund-of-funds, gaining exposure to developed markets outside of the US and Canada through its IEFA holding, which constitutes 101.34% of its portfolio. A small portion, 0.62%, is allocated to the First American Treasury Obligs X (FXFXX), providing some exposure to short-term U.S. Treasury obligations. The fund's sector allocation is heavily concentrated in Financial Services, comprising 99.5% of the portfolio, with a minor allocation to Cash & Others. This concentrated approach allows NIHI to focus on a specific segment of the international equity market, potentially enhancing income generation. However, investors should be aware of the concentration risk associated with this strategy. NIHI is designed for investors seeking a high-income stream from international equities, with a focus on tax efficiency. Past performance does not guarantee future results.

Risk Metrics

NIHI presents several risk factors that investors may want to research. The fund's heavy concentration in the iShares Core MSCI EAFE ETF (IEFA), which makes up 101.34% of its holdings, exposes it to the risks associated with the performance and investment strategy of a single ETF. Furthermore, the significant allocation to the Financial Services sector (99.5%) makes the fund particularly vulnerable to economic and regulatory changes affecting this sector. With a 3-year Beta of 0.00, the fund's volatility relative to the market cannot be accurately assessed, as the fund has not been in existence for 3 years. The expense ratio of 0.75% can create a drag on returns, especially in a low-return environment. Investors should carefully evaluate their risk tolerance and investment objectives before investing in NIHI. Past performance does not guarantee future results.

Expense Ratio

0.75%

What does NIHI hold?

Holding	Weight
iShares Core MSCI EAFE ETF (IEFA)	101.34%
First American Treasury Obligs X (FXFXX)	0.62%

How Is the Fund Allocated?

Sector	Weight
Financial Services	99.5%
Cash & Others	0.5%

Country	Weight
Other	0.5%
United States	99.5%

Dividend Yield

0.00%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

NEOS Enhanced Income Credit Select ETF (HYBI) (Fixed Income) — 0.68% expense ratio
NEOS S&P 500 Hedged Equity Income ETF (SPYH) (Equity) — 0.68% expense ratio
NEOS Real Estate High Income ETF (IYRI) (Equity) — 0.68% expense ratio
NEOS Long/Short Equity Income ETF (NLSI) (Equity) — 2.89% expense ratio
NEOS Boosted Nasdaq-100 High Income ETF (XQQI) (Equity) — 0.98% expense ratio
NEOS Gold High Income ETF (IAUI) (Commodity) — 0.78% expense ratio

Risk Metrics

Beta: 0.00

Questions & Answers

What is NIHI and what does it track?

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.

What is the expense ratio for NIHI?

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.

What are the top holdings in NIHI?

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.

Is NIHI a good long-term investment?

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.

How does NIHI compare to similar ETFs?

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.

Does NIHI pay dividends?

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.