IWMI
NEOS Russell 2000 High Income ETF
📎 Investment Objective
The NEOS Russell 2000 High Income ETF (IWMI) seeks to provide high current income by investing primarily in small-cap U.S. stocks with above-average dividend yields.
Overview
ETF tracking NEOS Russell 2000 High Income ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The NEOS Russell 2000 High Income ETF (IWMI) seeks to provide high current income by investing primarily in small-cap U.S. stocks with above-average dividend yields.
🎯 Investment Strategy
The fund tracks the Russell 2000 High Dividend Yield Index, which selects the highest-yielding stocks from the Russell 2000 Index. The portfolio is weighted by dividend yield, with rebalancing occurring quarterly.
✨ Key Features
- Focuses on small-cap U.S. stocks with above-average dividend yields
- Tracks the Russell 2000 High Dividend Yield Index
- Weighted by dividend yield with quarterly rebalancing
- Aims to provide high current income
⚠️ Primary Risks
- Exposure to small-cap stocks, which can be more volatile than large-caps
- Concentration in high-dividend stocks, which may underperform the broader market
- Potential for dividend cuts or suspensions by underlying companies
- Liquidity risk due to low trading volume and small asset size
👤 Best For
This ETF may be suitable for investors seeking high current income and willing to accept the higher volatility and risk profile of a small-cap, dividend-focused portfolio. It is best suited for long-term investors with a moderate to high-risk tolerance.