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NEOS Gold High Income ETF
IAUI (NEOS Gold High Income ETF) is an active Commodities ETF by NEOS. With a 0.78% MER, it provides diversified exposure through 3 holdings.
IAUI is actively managed by NEOS's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.78% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).