The folks at a Nutmeg State, option-income-focused fund firm near New York City are rolling out an offering that focuses on real estate.

Last week, the NEOS Investments [profile] team launched the NEOS Real Estate High Income ETF (IYRI on the Cboe BZX Exchange, Inc.). Westport, Connecticut-based NEOS Investment Management, LLC serves as investment advisor to the new ETF.

IYRI's inception date was January 14, and the new fund comes with an expense ratio of 68 basis points. As of yesterday (January 22), IYRI had $1.012 million in AUM.

The PM team for IYRI includes two NEOS managing partners: Troy Cates and Garrett Paolella.

IYRI is a series of the NEOS ETF Trust. The new ETF's other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Thompson Hine LLP as counsel; U.S. Bancorp Fund Services, LLC as administrator and transfer agent; and U.S. Bank, N.A. as custodian. 

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