The NEOS Real Estate High Income ETF (IYRI) is an equity ETF managed by Neos, with $0.24 billion in assets under management. Launched in January 2025, IYRI aims to generate high monthly income and potential equity appreciation through investments primarily in real estate companies. With an expense ratio of 0.68%, IYRI focuses on high-income opportunities within the real estate sector, distinguishing itself through its specific income-generating strategy.
NEOS Real Estate High Income ETF (IYRI) ETF — Price, Holdings & Analysis
The NEOS Real Estate High Income ETF (IYRI) is an equity ETF managed by Neos, with $0.24 billion in assets under management. Launched in January 2025, IYRI aims to generate high monthly income and potential equity appreciation through investments primarily in real estate companies. With an expense ratio of 0.68%, IYRI focuses on high-income opportunities within the real estate sector, distinguishing itself through its specific income-generating strategy.
ETF Overview
The NEOS Real Estate High Income ETF (the “Fund”) seeks to generate high monthly income with the potential for equity appreciation.
The NEOS Real Estate High Income ETF (IYRI) seeks to provide investors with high monthly income and potential equity appreciation by focusing on real estate-related investments. The fund primarily invests in companies within the real estate sector, allocating 99.3% of its assets to real estate and 0.7% to communication services. IYRI's top holdings include Welltower Inc (WELL) at 10.19%, Prologis Inc (PLD) at 9.73%, and Equinix Inc (EQIX) at 5.51%, indicating a significant concentration in large-cap real estate companies. The fund's strategy involves selecting companies with strong income-generating potential within the real estate market. With a strong focus on the United States (99.6% allocation), IYRI offers targeted exposure to the U.S. real estate market, aiming to deliver consistent monthly income to its investors. The fund's investment approach is designed for investors seeking both income and capital appreciation within the real estate sector.
Risk Metrics
Investing in IYRI involves several risks. The fund's concentration in the real estate sector (99.3%) exposes it to sector-specific risks, such as changes in interest rates, property values, and economic conditions affecting the real estate market. The fund's beta of 0.00 indicates that it has very low volatility relative to the market. The expense ratio of 0.68% can create a drag on returns, especially in a low-return environment. Additionally, the fund's concentrated holdings, with the top 10 holdings accounting for a significant portion of the portfolio, increase the risk associated with the performance of those specific companies. these may be worth researching concentration and sector-specific risks before investing in IYRI. Past performance does not guarantee future results.
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<a href="/etf/spyh">NEOS S&P 500 Hedged Equity Income ETF (SPYH)</a> (Equity) — 0.68% ER
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Risk Metrics
Beta: 0.00
Questions & Answers
What is IYRI and what does it track?
IYRI, the NEOS Real Estate High Income ETF, is designed to provide investors with high monthly income and potential equity appreciation. Launched in January 2025, the fund primarily invests in real estate companies, allocating 99.3% of its assets to the real estate sector. Its top holdings include companies like Welltower Inc (WELL) and Prologis Inc (PLD). IYRI aims to deliver consistent monthly income by focusing on high-income opportunities within the real estate market, making it a targeted investment for income-seeking investors.
What is the expense ratio for IYRI?
The expense ratio for IYRI is 0.68%. This means that for every $10,000 invested in the fund, $68 is used to cover the fund's operating expenses annually. While this provides access to a diversified portfolio of real estate companies, the expense ratio can impact overall returns, especially when compared to passively managed ETFs with lower expense ratios. the may be worth researching expense ratio as part of their overall investment decision.
What are the top holdings in IYRI?
The top holdings in IYRI include some of the largest and most well-known companies in the real estate sector. As of March 2026, the top three holdings are Welltower Inc (WELL) at 10.19%, Prologis Inc (PLD) at 9.73%, and Equinix Inc (EQIX) at 5.51%. These companies represent a significant portion of the fund's portfolio, indicating a concentrated investment in leading real estate businesses. These holdings reflect IYRI's strategy of focusing on established and high-income-generating real estate companies.
Is IYRI a good long-term investment?
Whether IYRI is a suitable long-term investment depends on an investor's individual financial goals and risk tolerance. The fund's focus on high monthly income may appeal to income-seeking investors. However, the fund's concentration in the real estate sector (99.3%) exposes it to sector-specific risks. With an expense ratio of 0.68%, the fund's costs should be considered. Investors should carefully evaluate their investment objectives and risk appetite before considering IYRI for long-term investment. Past performance does not guarantee future results.
How does IYRI compare to similar ETFs?
IYRI distinguishes itself with its focus on high monthly income within the real estate sector. Its expense ratio is 0.68%. The fund's AUM is $0.24 billion, which may be smaller than some of its competitors. IYRI's strategy of targeting high-income opportunities within real estate differentiates it from broader real estate ETFs that may not prioritize income generation to the same extent. Investors should compare IYRI's specific investment strategy and income focus with those of other real estate ETFs to determine the best fit for their needs.
Does IYRI pay dividends?
As of March 15, 2026, the NEOS Real Estate High Income ETF (IYRI) has a dividend yield of 0.00%. While the fund's objective is to generate high monthly income, the current dividend yield indicates that it is not distributing dividends at this time. Investors seeking regular dividend income may need to consider other investment options that offer a higher or more consistent dividend payout.