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Beacon

IAUINEOS Gold High Income ETF

Get income1y track recordRanked #859 of 1,650 in this goal

Seeks to generate high monthly income with the potential for appreciation based on exposure to gold.

By Neos Funds · Launched 2025

Annual Cost

0.79%

#4,215 of 5,861 · expensive

Fund Size

$448M

#1,685 of 5,861 · large

Dividend YieldGoal

14.04%

Track Record

1 year

#4,338 of 5,861 · young

Performance

Total-return NAV · USD
Growth of $10,000
$11,338+13.4%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Region

North america

Strategy

Option income

What it actually holds

By weight

Concentration

Top 8 holdings = 100.1% of fundconcentrated

United States Treasury Bill
69.4%
Goldman Sachs Physical Gold ET
24.1%
N/A
6.9%
First American Treasury Obliga
0.3%
Northern US Government Select
0.0%
N/A
-0.0%
N/A
-0.0%
N/A
-0.6%

Asset allocation

Cash
69.7%
Other
39.0%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
22.1%High

Year-on-year price swings

Max drawdown
-22.5%Moderate

Worst peak-to-trough loss

Sharpe (3Y)
Unavailable

Needs 3+ years of history

Sortino (3Y)
Not yet

Needs 3+ years of history

Listing

Exchange
Cboe BZX

Full fund details

Objective
Seeks to generate high monthly income with the potential for appreciation based on exposure to gold.
Strategy
Actively manages a portfolio to generate high monthly income by investing in Gold ETPs and utilizing a synthetic options strategy. The Fund writes call options on Gold ETPs to provide income while maintaining exposure to gold price movements.
Inception date
June 4, 2025
Fund family
Neos Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Covered call
Warning

The big yield isn't extra money

The headline distribution comes from selling call options, which caps the fund's upside. Across a full market cycle that trade costs more than it brings in — often 1 to 3 percentage points a year against just holding the index. Monthly payouts make the gap easy to miss on a return summary.

Sources: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-08-04