- Pays: monthly.
- First paid: June 2024 — every payment since is charted below.
- What it is: an actively managed options-overlay fund on the Russell 2000, run for high monthly income in a tax-efficient manner — the NEOS signature — while keeping room for appreciation.
- Fee: 0.76% expense ratio (issuer fund page).
- The family: sibling of SPYI and QQQI — the small-cap seat in a family built on tax-aware option income.
NEOS's edge claim is tax engineering: index options with favorable 60/40 tax treatment and active management of the overlay, rather than maximum-premium harvesting. The payout rate is deliberately more moderate than the aggressive end of the category.
IWMI pays monthly. Each point below is one distribution since the fund began paying in June 2024.
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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.
| Recent Ex-Dividend Dates | Distribution / Share |
|---|
"Next expected" is estimated from IWMI's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.
A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.
NEOS built its reputation on SPYI and QQQI — options income run with one eye on the IRS: index options taxed 60/40, gains managed actively, distributions engineered for after-tax value. IWMI extends the same playbook to the Russell 2000.
For taxable accounts that's a genuinely different product than a maximum-yield fund with ordinary-income checks. Compare IWMI against its NEOS siblings — or against the aggressive alternative on the same market — with the compare tool.
| Year | Total Distributions / Share | Payments | Change vs Prior Year |
|---|
Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.
Calculated from complete calendar years in the data above. Past results don't guarantee future payments.
When Is IWMI's Next Ex-Dividend Date?
IWMI pays monthly. The exact date of each payout is announced by the fund only shortly beforehand, so no site can promise the next date — but the live schedule box above shows the most recent ex-dividend date and the expected window for the next one, computed from IWMI's actual payment rhythm. Remember: you must own shares before the ex-dividend date to receive that payout.
IWMI's Record So Far
IWMI — the NEOS Russell 2000 High Income ETF — launched in June 2024 and has paid monthly since June 2024. The chart above shows every declared distribution.
Income With an After-Tax Thesis
Most income funds compete on the size of the check; NEOS competes on what's left of it in April. IWMI brings that discipline to the Russell 2000 — an options overlay sized for sustainable monthly income, index-option tax treatment where available, and active harvesting underneath. The trade-off is honest: nobody's screenshot of IWMI's yield goes viral, and that's the point.
Reading the Chart Honestly
A moderate, steady payout line is the design goal here, so judge IWMI on consistency and total return rather than peak yield — the payout statistics board scores exactly that steadiness, and the compare tool puts the NEOS approach head-to-head with the aggressive end of the category.
See Every Fund's Next Payday
The live dividend calendar computes expected ex-dividend windows for every fund we track — one page, all the paydays.
Open the Dividend Calendar