# IWMI (NEOS Russell 2000 High Income ETF)

NEOS · Income ETFs · data as of Sep 11, 2026

Over the year to Sep 11, 2026, IWMI paid 14.9% in cash and finished level with IWM.

## Key facts

- IWMI, cash paid, 1 year, on its starting price: 14.9%, as of Sep 11, 2026.
- IWMI, total return, 1 year: +21.5%, as of Sep 11, 2026.
- IWMI, against IWM: +0.3 pts, as of Sep 11, 2026.
- IWMI, return of capital, latest payout (NEOS estimate): 100.0%, as of Sep 11, 2026.
- IWMI, net assets: $1.3bn (issuer page, as of Sep 11, 2026).
- IWMI, expense ratio: 0.68% (485BPOS XBRL, Apr 30, 2026).

## IWMI over each window to Sep 11, 2026

| Window | Cash paid | Price | Total return | IWM | Ahead or behind |
| --- | --- | --- | --- | --- | --- |
| 3 months | 3.6% | −3.0% | +0.6% | −1.1% | +1.7 pts |
| 6 months | 7.7% | +7.8% | +15.9% | +17.6% | −1.8 pts |
| 1 year | 14.9% | +5.3% | +21.5% | +21.2% | +0.3 pts |
| Since launch | 32.1% | +2.5% | +41.9% | +47.2% | −5.3 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Strategy | covered call | ETFIQ |
| Benchmark | Russell 2000 (IWM) | ETFIQ |
| Pays | monthly | ETFIQ |
| Net assets | $1.3bn | issuer page, as of Sep 11, 2026 |
| Latest payout, annualized | 14.9% | ETFIQ |
| Expense ratio | 0.68% | 485BPOS XBRL, Apr 30, 2026 |
| Cash paid, last 12 months, over today’s price | 14.1% | ETFIQ |
| Launched | Jun 25, 2024 | ETFIQ |
| Return of capital, latest distribution | 100.0% | NEOS 19a-1 estimate |
| Pays | monthly | ETFIQ |
| Typical gap between ex-dates | 28 days | ETFIQ |
| Typical wait from ex-date to payment | 2 days | ETFIQ |
| Last paid, per share | $0.6373 ex Aug 19, 2026 | ETFIQ |
| Sum of the last 12 distributions | $7.2368 | ETFIQ |

## Questions

### How much has IWMI paid over the last year?

Over the year to Sep 11, 2026, IWMI paid 14.9% of its starting price in cash distributions, while the price rose 5.3%.

### Is IWMI ahead of IWM?

Over the year to Sep 11, 2026, with every distribution reinvested, IWMI returned +21.5% against +21.2% for Russell 2000 (IWM), so a holder was about even with it by 0.3 points.

### How often does IWMI pay, and how much?

IWMI pays monthly. The latest distribution annualizes to 14.9% at its price on Sep 11, 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 characterization from the fund's own 19a-1 notice, not a measure of erosion.

### When does IWMI next pay a distribution?

IWMI pays monthly. The last distribution went ex on Aug 19, 2026 at $0.6373 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Sep 16, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.

### What does IWMI cost?

The prospectus expense ratio is 0.68% a year.


## Cite this page

ETFIQ, IWMI, data as of Sep 11, 2026. https://etfiq.com/funds/iwmi
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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