"Plenty of new covered call exchange traded funds (ETFs) are available in 2025, and the NEOS Gold High Income ETF ( BATS:IAUI) was introduced just a few months ago. The timing of this fund couldn't be any better, it seems, as the gold price is up sharply this year. If you like to collect passive income and expect the gold price to head higher, the IAUI ETF should be right up your alley. Now's a perfect time to get to know the NEOS Gold High Income ETF, which has drawbacks but could still earn a permanent position in your portfolio. Gold Is Old, but IAUI Is New Since its inception date was June 5, 2025, the NEOS Gold High Income ETF is quite new and doesn't have much of a history to examine."
"Still, NEOS is a respectable fund manager and audacious traders might choose to give the NEOS Gold High Income ETF a chance. Just be sure to read the fund's prospectus from beginning to end before making any financial decisions. For what it's worth, even though the IAUI ETF is a new fund, it's indirectly tied to an ancient asset. Gold has had value for thousands of years, and this year, the gold price has gone on a tear."
The NEOS Gold High Income ETF (IAUI) launched June 5, 2025, and provides covered-call exposure tied indirectly to the gold price. The fund targets passive income by writing covered calls on a tradable asset that tracks gold-like behavior. Gold rallied sharply in 2025, rising from roughly $2,650 to about $4,000 per ounce, a 51% gain year-to-date. Physical gold produces no dividends, so covered-call ETFs aim to extract income instead. IAUI carries new-fund risk due to its short track record, and investors should review the prospectus and consider the fund's drawbacks before investing.
Read at 24/7 Wall St.
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