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NIHI NEOS MSCI EAFE High Income ETF

Option income on EFA, paying monthly

Over the year to Sep 18, 2026, NIHI paid 11.4% in cash and still finished 1.4 points behind EFA.

NEOS · Income ETFs · data as of

Key facts

11.4%Cash paid, 1 year, on its starting price
+14.9%Total return, 1 year
−1.4 ptsAgainst EFA
0.0%Return of capital, latest payout (NEOS estimate)

Method

ETFIQ Return Stability Score

64.643rd of 173

NIHI paid 11.4% in cash and its price rose 2.8%, so the payout came out of returns rather than principal.

Was the payout funded by returns, or by your own capital?

Against its benchmark
MLPD −35.8 ptsMDST −28.6 ptsEIPI −26.8 ptsBLOX −26.6 ptsYQQQ −25.3 ptsULTY −24.3 ptsSLTY −22.7 ptsGDXY −21.4 ptsTDVI −20.9 ptsTOPW −19.8 ptsHIGH −18.8 ptsACKY −17.9 ptsYMAX −16.8 ptsHISF −16.4 ptsNDIV −16.4 ptsSDVD −16.4 ptsWEEI −15.8 ptsOARK −15.2 ptsFDND −14.1 ptsSCLZ −14.0 ptsLFGY −13.6 ptsXLRI −13.6 ptsTCAL −13.5 ptsQRMI −13.3 ptsSLJY −13.2 ptsYYY −13.2 ptsYFYA −13.1 ptsHIPS −12.8 ptsJULH −12.1 ptsRNTY −12.0 ptsXLKI −12.0 ptsXBTY −11.8 ptsQUSA −11.7 ptsJULJ −11.5 ptsLJUL −11.5 ptsJANJ −11.4 ptsLJAN −11.4 ptsFGSI −11.3 ptsLOCT −11.2 ptsQLDY −11.2 ptsOCTJ −11.1 ptsCVRD −11.0 ptsIWMY −10.9 ptsJUCY −10.9 ptsAPRJ −10.5 ptsLAPR −10.5 ptsXISE −10.5 ptsXIJN −10.3 ptsAPRH −10.1 ptsJANH −10.1 ptsXIDE −10.1 ptsXLEI −10.0 ptsOCTH −9.9 ptsJEPI −9.5 ptsAIPI −9.4 ptsMAGY −9.4 ptsBAGY −9.2 ptsXIMR −9.1 ptsSRHR −8.8 ptsBUYW −8.1 ptsRDVI −8.0 ptsIAUI −7.7 ptsOVLH −7.5 ptsVEGA −7.2 ptsXV −7.1 ptsYBTC −7.1 ptsFTHI −6.9 ptsBITY −6.7 ptsXLVI −6.7 ptsXRMI −6.3 ptsIGLD −6.2 ptsFEPI −6.1 ptsYLDE −6.0 ptsGPTY −5.7 ptsKHPI −5.5 ptsQQQI −5.3 ptsSPIN −5.2 ptsTYLG −5.2 ptsSPUT −5.1 ptsETCO −4.8 ptsWTPI −4.6 ptsCAIE −4.1 ptsIQQQ −4.1 ptsPAPI −3.8 ptsBIGY −3.6 ptsJEPQ −3.2 ptsXLBI −3.2 ptsISPY −3.1 ptsIWMW −3.0 ptsWEEL −2.3 ptsGIAX −2.1 ptsDIVO −2.0 ptsKNG −1.6 ptsQDTY −1.6 ptsDFII −1.5 ptsRDTY −1.5 ptsTSPY −1.5 ptsYMAG −1.5 ptsBTCC −1.4 ptsNBOS −1.4 ptsEGGY −1.2 ptsSPYI −1.2 ptsRYLD −1.1 ptsRYLG −1.0 ptsXDTE −1.0 ptsXPAY −0.9 ptsSDTY −0.8 ptsWDTE −0.8 ptsJOYT −0.7 ptsQDTE −0.7 ptsKGLD −0.6 ptsQQQY −0.6 ptsRDTE −0.6 ptsTHTA −0.6 ptsXLII −0.6 ptsFTKI −0.5 ptsGPIQ −0.4 ptsFTQI −0.3 ptsSIXH −0.3 ptsDJIA +0.2 ptsLTTI +0.2 ptsDYLG +0.3 ptsGPIX +0.4 ptsXLFI +0.4 ptsQYLG +0.5 ptsHYBI +0.6 ptsHYTI +0.6 ptsIVVW +0.6 ptsLQTI +0.6 ptsXYLG +0.7 ptsTDAQ +1.0 ptsIWMI +1.1 ptsQYLD +1.2 ptsCSHI +1.3 ptsTLTX +1.3 ptsXYLD +1.4 ptsHYGW +1.5 ptsHYBL +1.6 ptsBNDI +1.7 ptsOVS +1.7 ptsPBP +1.9 ptsTLTI +1.9 ptsXLUI +1.9 ptsBALI +2.0 ptsBTCI +2.0 ptsCHPY +2.3 ptsOVB +2.3 ptsOVT +2.3 ptsYBIT +2.3 ptsITWO +2.4 ptsOVL +2.6 ptsYETH +2.8 ptsOVM +2.9 ptsTLTP +3.0 ptsSOXY +3.5 ptsDUBS +3.7 ptsLQDW +3.8 ptsXLYI +4.1 ptsTLTW +4.2 ptsOVF +4.5 ptsDOGG +4.6 ptsOMAH +4.9 ptsIDVO +5.2 ptsSEPI +5.2 ptsBCCC +5.9 ptsCEPI +6.0 ptsIDUB +7.2 ptsXLCI +7.9 ptsBUCK +9.6 ptsUSOY +11.6 ptsXLSI +12.5 ptsKLIP +22.5 ptsNIHI −1.4 ptsNIHI −1.4 pts−35.8 pts+22.5 pts

57.8% of the 173 sit at or below NIHI on this measure.

What happened to the principal
ETCO −75.5%XBTY −74.1%YETH −66.4%YBTC −60.1%BTCC −59.1%YBIT −58.9%BAGY −57.9%ULTY −54.1%BITY −51.5%SLTY −51.5%BCCC −48.5%BTCI −47.0%LFGY −44.7%DFII −43.7%BLOX −40.9%YMAX −40.7%TOPW −37.7%OARK −34.0%GDXY −33.1%KLIP −32.5%YMAG −28.1%YQQQ −25.7%MAGY −25.3%IWMY −24.9%CEPI −22.5%RDTY −21.8%RDTE −21.4%QLDY −20.3%QDTE −19.2%TLTX −18.5%EGGY −16.2%XLYI −15.5%ACKY −15.1%WDTE −14.8%QDTY −14.0%AIPI −13.8%TLTP −13.4%XDTE −13.4%QQQY −13.2%LTTI −12.6%XLUI −11.3%QUSA −11.0%SDTY −10.8%GIAX −10.5%FEPI −10.0%TLTW −9.9%LQTI −9.7%XLRI −9.4%TLTI −9.1%LQDW −8.8%XLCI −8.8%XV −8.8%YYY −8.8%TCAL −8.6%HIGH −8.3%FDND −8.2%GPTY −8.1%IGLD −7.9%RNTY −7.3%HIPS −7.0%HYTI −6.8%XLSI −6.5%OMAH −6.3%XLBI −6.3%IWMW −6.2%XLFI −6.2%HYGW −6.0%XPAY −5.8%HYBI −5.5%OVB −5.0%BNDI −4.9%USOY −4.8%HISF −4.7%OVT −4.3%QRMI −3.8%OVM −3.6%FGSI −3.2%HYBL −2.8%CAIE −2.5%JUCY −2.5%XRMI −2.4%BUCK −2.2%CVRD −2.2%MLPD −2.1%IAUI −2.0%IVVW −2.0%YFYA −1.7%JEPI −1.2%XLII −1.2%XIJN −0.9%WTPI −0.8%JULJ −0.6%XISE −0.6%CSHI −0.4%JULH −0.4%KNG −0.4%BIGY −0.3%LJUL −0.3%QQQI −0.1%TSPY −0.1%JANH 0.0%JANJ 0.0%LAPR 0.0%OCTH 0.0%XIDE 0.0%APRJ +0.1%LJAN +0.1%LOCT +0.1%OCTJ +0.1%APRH +0.3%FTHI +0.3%XIMR +0.5%WEEL +0.7%SRHR +1.0%SDVD +1.2%SPYI +1.2%IWMI +1.3%KHPI +1.5%BUYW +2.1%DJIA +2.4%QYLG +2.4%XYLG +2.6%YLDE +2.6%RYLD +2.9%KGLD +3.4%TDAQ +3.4%DYLG +3.5%FTKI +3.8%XLVI +4.0%SCLZ +4.1%THTA +4.1%RYLG +4.2%PAPI +4.5%XLKI +4.6%PBP +5.5%JEPQ +5.7%SPIN +5.8%XYLD +5.9%NBOS +6.0%SPUT +6.0%DIVO +7.3%GPIX +7.4%ISPY +7.6%DOGG +8.0%FTQI +8.0%MDST +8.2%TDVI +8.2%OVF +8.3%OVS +8.5%OVLH +8.8%VEGA +8.9%QYLD +9.1%BALI +9.2%GPIQ +9.3%OVL +9.4%RDVI +9.6%ITWO +10.5%IQQQ +10.8%SLJY +12.3%EIPI +12.8%XLEI +12.8%SEPI +13.4%SIXH +14.1%IDVO +14.4%JOYT +15.2%WEEI +17.3%IDUB +17.4%DUBS +17.6%NDIV +20.4%CHPY +20.6%TYLG +20.6%SOXY +64.1%NIHI +2.8%NIHI +2.8%−75.5%+64.1%

71.4% of the 173 sit at or below NIHI on this measure.

Weighted evenly, those two positions are what the score combines, across the 173 income ETFs writing on an index or proxy. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.

What the score is computed from
What it measuresThis fundIts percentileWeight
against its benchmark−1.4 pts57.850%
what happened to the principal+2.8%71.450%

All income ETFs ranked by this score · How it is computed

4th of 4 income ETFs writing on EFA, by return against it 76th of 369 income ETFs by net assets

What a holder got

NIHI against EFANIHI returned +14.9% with distributions reinvested against +16.3% for Developed Markets ex US (EFA), a gap of −1.4 pts. Of that, 11.4% arrived as cash rather than price.+14.9%NIHI total return+16.3%Developed Markets ex US (EFA)11.4% of it arrived as cash

Over the year to Sep 18, 2026, NIHI returned +14.9% with distributions reinvested and Developed Markets ex US (EFA) returned +16.3%, so a holder came out behind it by 1.4 points. The lighter segment is the 11.4% that arrived as cash rather than as price.

Method

Period by period

NIHI over each window to Sep 18, 2026. Every figure is an ETFIQ calculation. Source: ETFIQ.
WindowCash paidPriceTotal returnEFAAhead or behind
3 months2.5%−0.6%+1.9%+0.5%+1.4 pts
6 months5.4%+9.3%+14.7%+13.9%+0.8 pts
1 year11.4%+2.8%+14.9%+16.3%−1.4 pts
Since launch11.4%+3.1%+15.3%+16.7%−1.4 pts

Method

When NIHI pays

NIHI pays monthly. The last distribution was $0.4168 a share, which went ex on Sep 16, 2026, with payment about 2 days later. The next has not been declared. On its own cadence of about 28 days the ex-date falls near Oct 14, 2026; that date is an ETFIQ projection, not the issuer’s.

Expected distributions for NIHI. Where the basis is a projection, ETFIQ has carried the fund’s own spacing forward from its last ex-date and held the amount at the last one paid; neither is an issuer statement. Source: ETFIQ.
Ex-datePay dateAmountBasis
Oct 14, 2026Oct 16, 2026$0.4168ETFIQ projection
Every distribution ETFIQ holds for NIHI (13, most recent first)
Cash distributions per share for NIHI. Source: ETFIQ from Tiingo end-of-day distributions.
Ex-dateAmount
Sep 16, 2026$0.4168
Aug 19, 2026$0.4257
Jul 22, 2026$0.4249
Jun 16, 2026$0.4131
May 20, 2026$0.4244
Apr 22, 2026$0.428
Mar 18, 2026$0.4119
Feb 18, 2026$0.4403
Jan 21, 2026$0.5717
Dec 24, 2025$0.5615
Nov 26, 2025$0.4038
Oct 22, 2025$0.4026
Sep 24, 2025$0.3799

Every income ETF going ex-dividend in the next fortnight

Method

In plain words

Since it launched on Sep 17, 2025, NIHI has returned +15.3% with distributions reinvested, against +16.7% for Developed Markets ex US (EFA), and has paid out 11.4% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 9.7%. NEOS estimates that 0% of the distribution paid Jun 18, 2026 was a return of capital. That is the issuer’s own Rule 19a-1 estimate and a tax characterization, made before the fund year closes: it says the payment included money the fund gave back rather than earned, not that the fund is eroding.

NIHI (NEOS MSCI EAFE High Income ETF), income ETFs fields as of Sep 18, 2026. Source: ETFIQ.
Strategyoption income
BenchmarkDeveloped Markets ex US (EFA)
Paysmonthly
Net assets (issuer page, as of Sep 18, 2026)$204m
Latest payout, annualized (ETFIQ)9.7%
Expense ratio (485BPOS XBRL, Apr 30, 2026)0.68%
Cash paid, last 12 months, over today’s price (ETFIQ)11.1%
LaunchedSep 17, 2025
Return of capital, latest distribution (NEOS 19a-1 estimate)0.0%
Paysmonthly
Typical gap between ex-dates28 days
Typical wait from ex-date to payment2 days
Last paid, per share$0.4168 ex Sep 16, 2026
Sum of the last 12 distributions$5.3247

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. How these figures are computed

Questions people ask

How much has NIHI paid over the last year?
Over the year to Sep 18, 2026, NIHI paid 11.4% of its starting price in cash distributions, while the price rose 2.8%.
Is NIHI ahead of EFA?
Over the year to Sep 18, 2026, with every distribution reinvested, NIHI returned +14.9% against +16.3% for Developed Markets ex US (EFA), so a holder was behind it by 1.4 points.
How often does NIHI pay, and how much?
NIHI pays monthly. The latest distribution annualizes to 9.7% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
Is the NIHI distribution return of capital?
NEOS estimates 0% 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 NIHI next pay a distribution?
NIHI pays monthly. The last distribution went ex on Sep 16, 2026 at $0.4168 a share. The next is not declared; on a cadence of about 28 days the ex-date falls near Oct 14, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 2 days.
What does NIHI cost?
The prospectus expense ratio is 0.68% a year.

The words on this page

Total return
What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
Cash paid
Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
Ahead or behind
The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
Return of capital
The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
Covered call
Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.

Every term used here, defined in full on the income ETFs vocabulary page.

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.

Compare NIHI

Also against OVF, VEGA.

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Where NIHI is written about

NIHI, Income ETFs, ETFIQ, data as of Sep 18, 2026. Every figure is calculated from a named public source; the method is at etfiq.com/methodology. ETFIQ is an independent publisher, is not a fund issuer, broker-dealer or investment adviser, and makes no recommendations.
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Open NIHI live on ETFIQ, where the figures refresh with the data.

Cite this page. ETFIQ, NIHI, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/nihi Free to use with attribution; the underlying files are at Open data.

How these figures are computed · Standards and sources