Data as of . Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate.
IWMI · NEOS Russell 2000 High Income ETF
NEOS · Income desk
Open the live card on ETFIQOver the year to Sep 4, 2026, IWMI paid 15.1% of its starting value in cash distributions while its price rose 8.8%. With every distribution reinvested, the fund returned +25.5%. Russell 2000 (IWM) returned +26.4% over the same days, so a holder was behind by 0.9 pts. At its price on Sep 4, 2026 the latest distribution annualises to 14.7%, paid monthly. NEOS estimates that 100% of the distribution paid Jun 18, 2026 was a return of capital (19a-1 notice, estimated, a tax characterisation rather than a measure of erosion).
| Strategy | covered call |
|---|---|
| Benchmark | Russell 2000 (IWM) |
| Pays | monthly |
| Payout rate, annualised (ETFIQ) | 14.7% |
| Expense ratio (prospectus XBRL) | 0.68% |
| Cash paid, trailing 12 months (ETFIQ) | 13.9% |
| Launched | Jun 25, 2024 |
| 3 months: paid / price / total / IWM / ahead or behind (ETFIQ) | 3.7% / +2.2% / +6.0% / +5.3% / +0.6 pts |
| 6 months: paid / price / total / IWM / ahead or behind (ETFIQ) | 7.6% / +8.2% / +16.3% / +18.5% / −2.2 pts |
| 1 year: paid / price / total / IWM / ahead or behind (ETFIQ) | 15.1% / +8.8% / +25.5% / +26.4% / −0.9 pts |
| since launch: paid / price / total / IWM / ahead or behind (ETFIQ) | 32.1% / +4.4% / +44.6% / +50.8% / −6.2 pts |
| Return of capital, latest distribution (NEOS 19a-1 estimate) | 100.0% |
Questions people ask
- How much has IWMI paid over the last year?
- Over the year to Sep 4, 2026, IWMI paid 15.1% of its starting price in cash distributions, while the price rose 8.8%.
- Is IWMI ahead of IWM?
- Over the year to Sep 4, 2026, with every distribution reinvested, IWMI returned +25.5% against +26.4% for Russell 2000 (IWM), so a holder was behind it by 0.9 points.
- How often does IWMI pay, and how much?
- IWMI pays monthly. The latest distribution annualises to 14.7% at its price on Sep 4, 2026, which is not a promise; the next one can differ.
- Is the IWMI distribution return of capital?
- NEOS estimates 100% of the distribution paid Jun 18, 2026 was return of capital. That is a tax characterisation from the fund's own 19a-1 notice, not a measure of erosion.
- What does IWMI cost?
- The prospectus expense ratio is 0.68% a year.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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<a href="https://etfiq.com/funds/IWMI.html"><img src="https://etfiq.com/embed/income/IWMI.svg" alt="IWMI payout bar, ETFIQ" width="640"></a>
<p><a href="https://etfiq.com/funds/IWMI.html">IWMI payout bar, updated daily by ETFIQ</a></p>Cite this page. ETFIQ, IWMI on the income desk, data as of Sep 4, 2026. https://etfiq.com/funds/IWMI.html Free to use with attribution; the underlying files are at Open data.
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