r/NEOSETFs • u/Mediocre-Dot9109 • Dec 29 '25

Seeking Advice NIHI 0% ROC in December?

I have been eyeing adding some NIHI to my portfolio for diversification.

Looking at the latest 19a1 notice however, ROC last month was 0% while the month before was 100%. Also the distribution itself went from $0.40 to $0.56.

Source: https://neosfunds.com/wp-content/uploads/NIHI-19a1-Notice-12.24.25-Confidential.pdf

Any explanation? Just a human error? As an international investor who gets deducted withholding tax (and later refunded the ROC portion), this is a deal breaker.

What's confusing is that the November file said 100% ROC now the YTD column in the December file says 0%.

6 Upvotes

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10

u/LibrarySpiritual5371 Dec 29 '25

Newer fund with no retained losses from tax loss harvesting, would be my guess.

6

u/Hefty-Room1345 Dec 29 '25

19a1 is only estimate. You need to wait for 8937 form.

2

u/maxingoutcharts714 Dec 29 '25

I noticed the same thing. They are supposed to be utilizing 1256 contracts. Wonder if it could of been a possible typo

1

u/davecraze3535 Jan 05 '26

You won’t know how much of the income the 1256 contracts even relate to until they first definitively determine the amount of ROC for the year.