IAUI – NEOS Gold High Income ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to generate high monthly income with the potential for appreciation based on exposure to exchange-traded products (“ETPs”) that have direct exposure to gold. The fund seeks to track the price of gold by investing up to 25% of the fund’s assets in exchange-traded Gold ETPs (the “Gold ETPs”) primarily through a controlled foreign corporation and directly investing in Gold ETPs. The fund may invest up to 25% of its total assets in the Cayman Subsidiary, consistent with the limits of the U.S. federal tax law requirements applicable to registered investment companies. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
IAUI	NEOS Gold High Income ETF	ETF	Open	—	—	Jun 4, 2025	$647.87M	0.790%	—	—	$549.35M

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