NEOS Gold Yüksek Gelir ETF'si (IAUI): Altın Riskine Gelir Odaklı Bir Yaklaşım

NEOS Gold High Income ETF (IAUI): An Income-Focused Approach to Gold Exposure

NEOS

Wed, September 9, 2026 at 1:58 PM GMT+3 5 min read

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Gold's Role in Portfolios Has Stood the Test of Time

Gold has long served as a portfolio diversifier, often drawing renewed attention during periods of inflation, geopolitical uncertainty, and shifts in monetary policy. In recent years, gold has rallied sharply, reinforcing its reputation as both a store of value and a hedge against macroeconomic risk.

But gold's path has never been a straight line. While the metal has delivered strong returns in certain environments, it has also gone through extended stretches of sideways performance, contributing little to portfolio growth or income. That leaves investors with a familiar tradeoff: maintain gold exposure for its diversification benefits, or reallocate to assets that can generate income along the way.

A More Productive Approach to Gold Exposure

The NEOS Gold High Income ETF (IAUI) aims to combine gold's traditional store-of-value role with an income-generating options strategy, seeking to deliver high monthly income while preserving upside potential.

The fund's approach rests on two components:

Gold exposure: Up to 25% of the portfolio is allocated to low-cost physical gold ETPs, with the remaining 75% gained through synthetic exposure via GLD options, aiming to track gold's price movements directly. Limiting direct physical gold exposure to 25% also allows the fund to report taxes via Form 1099-DIV rather than a K-1, simplifying year-end tax reporting for investors.
Data-driven call option strategy: IAUI sells covered calls to seek high monthly income. Upside potential is preserved by laddering call options out of the money rather than covering the entire portfolio, and the strategy aims for tax efficiency through index options based on GLD flex option treatment.

Together, the strategy is designed to offer investors a more productive way to stay allocated to gold, without relying solely on price appreciation — or on getting the timing right.

How IAUI May Perform Across Market Environments

Rising gold price: Partial upside participation plus high monthly income potential.
Flat gold price: High monthly income may offer outperformance relative to holding gold alone.
Declining gold price: Investors can seek high monthly income while staying invested.

Taken together, IAUI is designed to make gold exposure more productive by introducing a way to seek high monthly income across a range of market environments — potentially reducing reliance on gold price appreciation as the sole driver of returns. This may allow investors to maintain exposure to gold's diversification benefits, capture upside potential when gold's price appreciates, seek monthly income throughout varying market environments, and invest in an award-winning strategy.

An Award-Winning Strategy

IAUI was named "Best New Options Income ETF" at the 2026 ETF.com Awards.

About NEOS Investments

Founded by a team of options-based ETF pioneers who previously created and managed some of the largest options-based ETFs in the market, NEOS is a global asset manager headquartered in Westport, CT, with more than 30 professionals firmwide and decades of combined investment experience. The firm utilizes quantitative approaches that seek to deliver investment solutions known for high monthly income potential and tax efficiency across core portfolio exposures and asset classes.

Important Disclosures:

Investors should carefully consider the investment objectives, risks, charges and expenses of Exchange Traded Funds (ETFs) before investing. To obtain an ETF's prospectus containing this and other important information, please call (866) 498-5677 or view/download a prospectus for IAUI here: IAUI Prospectus. Please read the prospectus carefully before you invest.

An investment in NEOS ETFs involve risk, including possible loss of principal. The equity securities purchased by the Funds may involve large price swings and potential for loss. There is no guarantee the NEOS ETFs will make monthly distributions and the amounts may fluctuate from month to month. Distributions made by NEOS ETFs have been classified as a return of capital and may be comprised of option premiums, dividends, capital gains, and interest payments. To view both current and historical monthly estimates of ETF distribution composition, investors may view the 19a-1 notices available on each corresponding Fund's webpage. Distributions classified as return of capital will reduce an investor's cost basis in Fund shares owned, which may result in higher taxes paid in the future when the Fund shares are sold, even if the shares are sold at a loss compared to the original investment.

The use of derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset, rate or index. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. The use of leverage by the Fund, such as borrowing money to purchase securities or the use of options, will cause the Fund to incur additional expenses and magnify the Fund's gains or losses. The earnings and prospects of small and medium sized companies are more volatile than larger companies and may experience higher failure rates than larger companies. Small and medium sized companies normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures and may have limited markets, product lines, or financial resources and lack management experience. The funds are new with a limited operating history.

IAUI was awarded "Best New Options Income ETF" at the 2026 ETF.com Awards. The awards follow a four-phase selection process: 1) Quantitative Screening — Automated filters establish the eligible universe. 2) Qualitative Evaluation — Editorial team scores candidates on four criteria. 3) Shortlist Selection — Top five finalists identified per category. 4) Community Voting — ETF.com readers select winners from finalists. For the full methodology please click here.

NEOS ETFs are distributed by Foreside Fund Services, LLC.