NEOS MSCI EAFE High Income ETF(CBOE:NIHI)

NIHI invests in ETFs and stocks from the EAFE region while utilizing a covered call strategy. The fund invests in one or more ETFs tracking the MSCI EAFE Investable Market Index, stocks of the index, or a combination of both. The reference index comprises all-cap stocks from developed markets, excluding the US and Canada. Using a replication strategy, the fund invests in about the same proportion as the index but may also employ a representative sampling strategy to invest in securities with similar characteristics. To provide high monthly income, the fund employs a covered call strategy consisting of writing call options on the reference index. The options strategy converts a portion of the potential upside into current income but limits participation in the potential gains of its investments when its value increases. The fund may also employ a call spread strategy. The funds investment strategy may involve active and frequent trading that could result in high portfolio turnover.