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IWMINEOS Russell 2000 High Income ETF

Get income2y track recordRanked #643 of 1,650 in this goal

Seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation.

By Neos Funds · Launched 2024

Annual Cost

0.68%

#3,548 of 5,854 · average

Fund Size

$1.0B

#1,130 of 5,854 · large

Dividend YieldGoal

2.12%

Track Record

2 years

#3,546 of 5,854 · seasoned

Performance

Total-return NAV · USD
Growth of $10,000
$13,060+30.6%

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

Index tracked

Russell 2000 Index

What it actually holds

By weight

Concentration

Top 4 holdings = 100.0% of fundconcentrated

Vanguard Russell 2000 ETF
99.2%
First American Treasury Obliga
0.9%
N/ARUT 4 C2740
-0.0%
N/ARUT 4 C2685
-0.1%

Asset allocation

Stocks
95.8%
Cash
3.9%
Other
0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
15.4%Moderate

Year-on-year price swings

Max drawdown
-23.9%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 in a tax efficient manner with the potential for equity appreciation.
Strategy
Actively manages a portfolio of equity securities and derivative instruments linked to U.S.-listed small-cap companies, primarily through investing in Russell 2000 Underlying ETFs and writing covered RUT call options. Aims for high monthly income and potential equity appreciation, with significant exposure to financials, health care, and industrials sectors.
Inception date
June 24, 2024
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 2026-08-03