The 12% Yield Gold Income ETF That Nobody Knows About

Quick Read NEOS Gold High Income ETF (IAUI) uses Treasury Bills as collateral for synthetic gold exposure combined with a dynamic covered call strategy to generate a 12.2% annualized distribution yield, though its 35% price return since June 2025 lags GLD’s 66% return due to capped upside from sold calls. SPDR Gold Shares (GLD) has paid zero distributions and captured full gold appreciation but offers no income, creating a fundamental trade-off between yield generation and capital appreciation potential. ...