IYRINEOS Real Estate High Income ET
Seeks to generate high monthly income with the potential for equity appreciation.
By Neos Funds · Launched 2025
0.68%
#3,555 of 5,861 · average
$285M
#2,052 of 5,861 · mid-size
3.28%
1 year
#4,000 of 5,861 · young
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Focus
Real Assets
Index tracked
Dow Jones US Real Estate Capped Index
What it actually holds
By weightConcentration
Top 10 holdings = 51.3% of fundmoderately concentrated
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Listing
- Exchange
- Cboe BZX
Full fund details
- Objective
- Seeks to generate high monthly income with the potential for equity appreciation.
- Strategy
- Actively manages a portfolio primarily invested in securities of U.S. real estate investment trusts (REITs) and utilizes a call options strategy to generate high monthly income. The Fund aims for equity appreciation through investments in real estate companies while writing call options to earn premiums.
- Inception date
- January 14, 2025
- Fund family
- Neos Funds
Similar funds
Same asset class, closest by strategy & exposureOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
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