Just received my dividends and reinvested everything based on NAV Δ momentum and keeping my portfolio above my target of +2%/month income.

Here’s my current monthly dividend yield based on my basis cost (for Canadian funds I add +15% for tax comparison):

ECHI 1.61% @ $11.08
CCHI 2.33% @ $13.32
QDAY 1.80% @ $26.85
CDAY 1.70% @ $26.46
ENCL 1.73% @ $17.57
OILY 1.54% @ $9.80
UTES 1.82% @ $8.73
BANK 1.80% @ $7.66
YMAX 3.94% @ $8.36
CHPY 4.21% @ $57.19
SDTY 1.88% @ $44.67
GPTY 3.19% @ $41.97
OILK 2.47% @ $55.23
IWMW 1.61% @ $38.20
IVVW 1.36% @ $43.11
FFN 1.61% @ $8.12
DGS 1.50% @ $7.65
LFE 1.67% @ $6.88
DF 1.63% @ $7.06
USOY 3.93% @ $8.82
XQQI 1.76% @ $48.82
CAIQ 1.54% @ $24.55

I will sell my IVVW position cause its monthly dividend yield based on my cost dropped under my 1.5%/month threshold.

Reinvested into these funds with strong NAV Δ momentum:

40% Allocation → GPTY - YieldMax AI & Tech Portfolio Option Income ETF
2.93% monthly yield based on latest dividend
TTM NAV Δ: 9.80%
3M NAV Δ: 14.39%

25% Allocation → OILK - ProShares K-1 Free Crude Oil ETF
2.08% monthly yield based on latest dividend
TTM NAV Δ: 49.35%
3M NAV Δ: 39.87%

15% Allocation → SPCI - Tuttle Capital Space Industry Income Blast ETF
2.20% monthly yield based on latest dividend
3M NAV Δ: 56.46%
TTM NAV Δ unavailable for now

10% Allocation → GIAX - Nicholas Global Equity and Income ETF
1.81% monthly yield based on latest dividend
TTM NAV Δ: -0.96%
3M NAV Δ: 7.94%

10% Allocation → XPAY - Roundhill ETF Trust - Roundhill S&P 500 Target 20 Managed Distribution ETF
1.65% monthly yield based on latest dividend
TTM NAV Δ: 5.34%
3M NAV Δ: 1.49%

Trying to keep the portfolio diversified while focusing on funds with decent NAV Δ trends and keeping the income snowball rolling!

Sold all my XLEI - State Street Energy Select Sector SPDR Premium Income ETF position because based on its latest dividend the monthly yield on my basis cost fell under my 1.5%/month rule.

XLEI --> 1.14% monthly yield @ $27.40 basis cost

For me thats a hard rule. If a fund drops under 1.5%/month I start looking for stronger income and better NAV Δ momentum instead of just hoping the next distribution goes back up.

So I rotated the capital equally into these names instead:

USOI - UBS ETRACS Crude Oil Shares Covered Call ETN

• Latest monthly yield: 13.52%
• NAV Δ 3M: 10.02%
• NAV Δ TTM: 3.91%
• NAV Δ SI: -31.53%

RS.TO - Real Estate Split Corp.

• Latest monthly yield: 1.50%
• NAV Δ 3M: -1.30%
• NAV Δ TTM: 7.61%
• NAV Δ SI: -33.33%

CDAY.NE - Hamilton Enhanced Canadian Equity DayMAX ETF

• Latest monthly yield: 1.70%
• NAV Δ 3M: -0.38%
• NAV Δ SI: 9.92%

QDAY.NE - Hamilton Enhanced Technology DayMAX ETF

• Latest monthly yield: 1.75%
• NAV Δ 3M: 14.40%
• NAV Δ SI: 13.79%

Trying to stay disciplined with the strategy. High yield alone means nothing if the NAV Δ starts rolling over. Recent NAV momentum matters a lot more to me now than just chasing the biggest payout.

I made a big move, I sold about 75% of my NXG - NextGen Infrastructure Income Fund and realized a big capital gain.

I bought around $35 and I’m still getting more than 1.5% per month on my cost but at today’s price the yield is closer to ~0.9%/month. That’s where it breaks for me cause the opportunity cost got too high.

So I took the gain and rotated into higher income funds. I also wanted less exposure to energy, NXG was getting too heavy in that sector.

My goal was simple, to reduce energy exposure and keep strong cash flow while improving NAV Δ profile. Stay above ~2.5% monthly income, be better positioned if central bank rates go down.

I reinvested in these funds:

CHPY, GPTY, EGGY at 15% each, these are my growth and tech income plays.

EGGS at 12.5%, this is more of a stabilizer.

SLVO at 12.5% is a big yield booster but I keep it smaller because of volatility and ETN risk.

IGLD at 10%, this is my gold angle if rates fall.

RS.TO at 10%, a rate-cut play with real estate exposure.

LFE.TO at 10% for financial exposure, not perfect but decent recent NAV Delta TTM.

The result is about 2.78% monthly yield.
TTM NAV Δ is around 17%.
3M NAV Δ is improving too!

That’s much better than sitting in NXG at ~0.9% monthly yield on its current value.

This is not risk free, there is option decay, ETN risk, split share volatility and possible NAV erosion but among all the funds I track, these are still in the top 20 for NAV Delta.

I harvested the gain, redeployed the capital and kept the income engine running.

I just checked the latest numbers on SPCI - Tuttle Capital Space Industry Income Blast ETF and yeah this one is starting to look like a real beast!

As of April 29, 2026 it’s sitting at +24.30% NAV Δ since inception and the 3M is the same. That’s very strong, it means the fund is actually generating more than what it’s paying out, not just bleeding itself to fund distributions like a lot of high yield stuff out there.

Momentum is clearly there right now, both short term and since inception are aligned which is exactly what you want to see when you’re riding these kinds of funds.

But let’s be real, this thing is still very new. There’s no TTM NAV Δ yet. Strong signal yes but not fully proven.

My take is simple. Right now SPCI is a momentum play. It looks strong, maybe even early but the track record is still too short to fully trust it. Could be a monster, could cool off fast.

I’m keeping it on watch because this is exactly how some of the best performers start.

So no hard feelings, but GDXY was slowly declining. The 3M NAV Δ was starting to weaken and that’s usually my early signal. I don’t wait for things to fully break, I rotate earlier.

You can clearly see it in the NAV Delta across the 3 timeframes (see second picture on this post):

SI = since inception
TTM = trailing twelve months
3M = last 3 months

I received dividends from these funds, here’s my monthly dividend yield based on my basis cost:

USOI 13.05% ($57.29)
GLDI 2.06% ($178.79)
SLVO 4.82% ($100.64)
SPCI 2.28% ($35.04)

Used those dividends and the liquidation of GDXY to rebalance into:

CHPY – 30%
3.01% monthly yield
TTM NAV Δ 42.99%

EGGY – 20%
2.84% monthly yield
TTM NAV Δ 7.1%

GPTY – 20%
3.07% monthly yield
TTM NAV Δ 8.27%

OILK – 15%
1.51% monthly yield
TTM NAV Δ 43.11%

BCAT – 15%
1.73% monthly yield
TTM NAV Δ 4.03%

Trying to keep the same logic as always, high cashflow but shifting into funds where NAV Δ is stronger or at least stable. Not chasing yield blindly, if the engine behind it slows down, I’m out.

*When weekly payer I just convert last dividend into a monthly yield so it’s easier to compare.

My AI Agent just ran the latest NAV Delta file from 2026-04-28 and a few names are still standing out. CHPY looks like the strongest overall one to me, with OILY.TO, ENCL.TO and KQQQ also looking pretty solid on a balanced basis.

OILK and FFN.TO have huge recent numbers too, but imo they come with more baggage because the longer-term NAV trend still isnt as clean. If I was looking for the best mix of recent strength and less ugly NAV damage, I would probly start with CHPY, OILY.TO, ENCL.TO and KQQQ first.

NAV Δ quick data:

- CHPY: TTM +42.99% | 3M +13.10% | SI +65.79%

- OILY.TO: TTM +24.44% | 3M +12.11% | SI +14.17%

- ENCL.TO: TTM +24.74% | 3M +12.76% | SI +8.50%

- KQQQ: TTM +23.42% | 3M +1.06% | SI +14.06%

- OILK: TTM +45.71% | 3M +40.53% | SI -44.29%

Most income investors focus on one thing: how much a fund pays. Big monthly dividends feel great but that alone tells you nothing about whether the income is sustainable.

That’s why I use NAV Delta (NAV Δ).

NAV Δ = NAV Total Return − Distribution Yield

NAV Total Return = (NAV end − NAV beginning + distributions) ÷ NAV beginning

Distribution Yield = total distributions over the period ÷ starting NAV

It answers one simple question: is the fund earning what it pays you or slowly eroding its own capital to fund those payouts?

A fund can pay 2 to 3 percent per month and still destroy your portfolio if its NAV is dropping faster than the income you receive. On the surface, everything looks fine. Under the hood, your capital is shrinking.

I track NAV Δ across TTM, 3M and since inception. That gives me both long-term sustainability and short-term momentum. If TTM or 3M drops below negative 20 percent, I rotate out. If 3M is improving, I hold or add. If it’s deteriorating, I start trimming.

This is the difference between real income and fake yield.

Yield tells you what you get paid today. NAV Δ tells you if it will last.

I’m not chasing yield. I’m engineering cash flow that doesn’t quietly kill my portfolio.

Example with real numbers

Let’s say a fund starts the year with a NAV of $10

At the end of the year, the NAV is $9

Over that year, it paid $2 in distributions

NAV Total Return = (9 − 10 + 2) ÷ 10 = 10%

Distribution Yield = 2 ÷ 10 = 20%

NAV Δ = 10% − 20% = −10%

The fund paid 20% but only generated 10% economically.
The missing 10% came from destroying its own capital.

Now another case

Start NAV = $10
End NAV = $10
Distributions = $2

NAV Total Return = (10 − 10 + 2) ÷ 10 = 20%
Distribution Yield = 20%

NAV Δ = 0%

The fund fully covered its distribution.
No value created, no value destroyed.
This is sustainable income.

And a strong case

Start NAV = $10
End NAV = $11
Distributions = $2

NAV Total Return = (11 − 10 + 2) ÷ 10 = 30%
Distribution Yield = 20%

NAV Δ = +10%

The fund earned more than it paid.
It is growing NAV while paying you.
This is high-quality income.

How to read NAV Δ

NAV Δ = 0%
Fund earns exactly what it pays.
Fully sustainable.

NAV Δ < 0% (negative)
Fund is overpaying.
Capital is being eroded.
The more negative, the worse.

NAV Δ > 0% (positive)
Fund is under-distributing relative to returns.
NAV is growing.
Very strong sustainability.

Alright so I just got paid from 2 of my wild beasts and yeah… still hitting hard:

• USOY 3.62% monthly (on cost $8.82)
• GDXY 2.58% monthly (on cost $14.41)

Good cash flow, no complaints but at the same time, new opportunities popped up so I rebalanced.

Why I trimmed UTES.TO - Evolve Canadian Utilities Enhanced Yield Index Fund ETF?

UTES.TO was doing what I like at first, stable income and decent NAV behavior but recently the trend started slipping.

• SI NAV Δ drifting down, now around -7% to -9%
• 3M NAV Δ collapsed from around 7% to near 0%
• TTM NAV Δ went from solid positive to flirting with negative

That’s not noise anymore it's clear loss of momentum so I trimmed about 35% of the position. It's not a panic selling, just reallocating toward stronger data and locking in capital gains.

I moved that capital into 3 funds with better NAV profiles and still solid yield:

CDAY.NE - Hamilton Enhanced Canadian Equity DayMAX ETF

• around 1.70%* monthly
• SI NAV Δ 11.52% strong long-term behavior with consistent income

QDAY.NE - Hamilton Enhanced Technology DayMAX ETF

• around 1.87%* monthly
• SI NAV Δ 7.37% tech exposure, still holding its structure well

RS.TO - Real Estate Split Corp.

• around 1.50%* monthly
• TTM NAV Δ 8.82% more tactical play but momentum is clearly improving

My logic is simple: I don’t marry funds. If NAV Delta weakens, I trim. If there’s a better NAV profile with a similar yield, I rotate. I keep a hard floor around 1.5% monthly so it’s not that UTES is bad, it’s just less efficient right now.

*For CAD funds, I multiply yield by 1.15 to normalize vs US funds since there’s no 15% withholding tax on the dividends for me. It helps me to make comparisons cleaner.

Here’s the dividends I received today, along with the monthly yield (weekly converted into monthly) and my basis cost:

FEPI — 2.10% — $43.03
GGT — 1.68% — $4.16
KSLV — 2.95% — $25.46
GPTY — 3.08% — $41.49
SDTY — 2.42% — $44.67
CHPY — 3.58% — $55.90
YMAX — 4.77% — $8.36

Not a bad day, cash flow still doing its thing.

Now here’s what I’m closely looking at and ready to reinvest / rebalance into.

From my latest NAV analysis, I mainly focus on funds that either:

• have positive TTM and positive 3M NAV Δ
• or show clear improvement in 3M vs TTM

Basically I want strength and momentum, not just looks good on paper.

Best current watchlist candidates:

OILK — ProShares K-1 Free Crude Oil ETF
TTM: 45.64%
3M: 43.29%
Why it stands out: strong on both timeframes, not just a stale TTM… trend still very strong
Risk: energy exposure so can flip fast with oil

CHPY — YieldMax Semiconductor Portfolio Option Income ETF
TTM: 44.83%
3M: 12.41%
Why it stands out: solid TTM and still positive recent momentum, good balance overall
Risk: heavy tech / semis concentration

ENCL.TO — Global X Enhanced Canadian Oil and Gas Equity Covered Call ETF
TTM: 24.27%
3M: 11.78%
Why it stands out: positive across both windows, healthy recent behavior
Risk: energy again

OILY.TO — Evolve Canadian Energy Enhanced Yield Index Fund ETF
TTM: 23.99%
3M: 11.78%
Why it stands out: very similar profile to ENCL, continuation still there
Risk: same thing, energy sensitivity

DF.TO — Dividend 15 Split Corp. II
TTM: 47.03%
3M: 0.64%
Why it stands out: insane TTM NAV Δ
Why I’m not chasing: 3M is barely positive… momentum kinda fading, split corps can turn fast

UTES.TO — Evolve Canadian Utilities Enhanced Yield Index Fund ETF
TTM: 1.36%
3M: 1.63%
Why it stands out: nothing crazy but stable and positive, more defensive profile
Risk: lower upside, but cleaner behavior

EGGY — NestYield Dynamic Income ETF
TTM: 7.19%
3M: 1.68%
Why it stands out: both metrics positive
Why lower conviction: still weak since inception, long term not fully convincing yet

BCAT — BlackRock Capital Allocation Term Trust
TTM: 6.16%
3M: 1.09%
Why it stands out: improving trend
Why lower conviction: SI still pretty rough, more getting better than strong

Recent turnaround names (more tactical plays). These are improving but I would not treat them as clean long-term holds yet:

USOY
TTM: -19.87%
3M: 29.09%
Huge short term rebound, but TTM still ugly

USOI
TTM: -5.78%
3M: 10.00%
Interesting setup, 3M flipped positive while TTM not too bad

OXSQ
TTM: -22.13%
3M: 0.53%
Improvement is there but history is still pretty bad

My practical shortlist right now

Higher conviction
OILK
CHPY
ENCL.TO
OILY.TO
UTES.TO

Tactical / turnaround watch
USOI
USOY
DF.TO

Still running the same playbook: collect income, monitor NAV Δ, rotate when momentum shifts. Nothing fancy just trying to not get wrecked while the cash keeps coming in at 1.5%+ per month!!!

Alright quick breakdown of QDAY.NE (Hamilton Enhanced Technology DayMAX ETF) after going through the prospectus.

What it invests in? Basically gives you exposure to U.S. tech stocks (directly or indirectly through ETFs) so think big tech names but you’re not just holding them passively.

The strategy (this is the key part), this is NOT a normal ETF. It’s an income-focused “alternative ETF” that tries to squeeze cashflow out of tech using options.

• They actively sell ultra short-term options (0DTE) literally expiring the same day
• Mostly covered calls, sometimes puts
• Can go up to ~100% option coverage on positions
• Goal is farm option premiums to pay distributions

So yeah, it’s basically a premium harvesting machine on tech volatility.

They also use leverage (up to ~25% of NAV, ~1.25x exposure). Not crazy like 2x ETFs, but still adds risk and boosts income potential.

Income angle:

• Semi-monthly distributions
• Income comes from options premiums, dividends and sometimes return of capital

So that juicy yield isn’t free, it’s generated by selling upside and taking risk.

This thing is NOT safe income:

• Options strategy risk (especially 0DTE, very aggressive)
• Leverage risk
• Tech sector concentration
• Can lose value fast in bad markets
• Distributions are not guaranteed
• You can legit lose a big chunk (or more) if things go wrong

Also important, they don’t hedge currency, so USD/CAD moves hit you too.

NAV Δ (important) as of 2026-04-23:

• SI NAV Δ: 5.15%
• 3M NAV Δ: 0.31%

So far positive but short-term is pretty flat, not a strong momentum signal yet.

My quick take, this is more like a trading and income hybrid, not a set and forget dividend ETF.

Works best when:

• volatility is high (more premiums)
• tech isn’t crashing hard

But in a strong bull run, you cap upside and in a crash, you still get hit

So you’re basically monetizing volatility, not chasing growth.

Macro still isn’t ideal for REITs with rates high and geopolitical pressure keeping inflation sticky so this is more of a tactical bet on sentiment turning than a macro-driven move.

From all the REIT-related income funds I track paying 1.5%+/month, RS.TO (Real Estate Split Corp.) currently stands out the most on a NAV Δ basis.

Here’s what I’m seeing:

RS.TO short-term momentum (3M NAV Δ):
Clear improvement over the last 2 weeks
2026-04-10: -5.50%
2026-04-15: -2.48%
2026-04-17: -1.38%
2026-04-22: -0.89%

Strong upward momentum, getting close to positive territory.

RS.TO long-term (TTM NAV Δ):
Holding solid despite volatility
2026-04-10: 8.75%
2026-04-13: 15.73%
2026-04-17: 12.57%
2026-04-22: 12.75%

Still delivering positive total return over 12 months.

I did not have cash available so I had to trim an existing position. I chose UTES.TO (Evolve Canadian Utilities Enhanced Yield Index Fund ETF) cause I was sitting on a solid unrealized gain.

I sold around 25% of my position and reallocated that capital into RS.TO.

The reason is simple: UTES.TO NAV Δ is clearly losing momentum.

UTES.TO 3M NAV Δ trend:
2026-04-06: 7.07%
2026-04-15: 2.66%
2026-04-17: 1.48%
2026-04-22: 0.22%

UTES.TO TTM NAV Δ also rolled over:
2026-04-10: 8.70%
2026-04-17: 2.27%
2026-04-20: -0.05%
2026-04-22: -0.44%

So while UTES was a strong performer, momentum is fading both short term and on a trailing basis.

On a macro level, UTES.TO and RS.TO react very differently right now. With the Iran situation pushing oil higher, inflation stays sticky and that keeps rates elevated, which is generally supportive for defensive utilities like UTES.TO but a headwind for REITs like RS.TO due to higher financing costs and pressure on valuations.

So this move was not really macro-driven, it was mainly for diversification. I had reduced my REIT exposure recently and wanted to add some back in case inflation cools and rate cuts return later this year because REITs could rebound quickly in that scenario.

I received my weekly dividend from SPCI, the Tuttle Capital Space Industry Income Blast ETF.

My current monthly yield is 2.28% with a cost of $35.04.

What makes this one interesting is that the macro backdrop is actually supporting it right now.

SPCI combines high volatility space and defense stocks with Treasury bill collateral and an aggressive options selling strategy. This setup benefits directly from elevated volatility and strong capital flows into defense and space sectors.

The current environment is clearly helping. Geopolitical tensions are pushing defense spending higher. Space is becoming increasingly strategic with growing investment in satellites and military infrastructure. At the same time, higher market volatility is boosting option premiums, which supports the income.

Looking at NAV Delta for SPCI, the performance has been strong.

Since inception NAV Delta has ranged roughly between 25% and 50% and is currently around 45%.

The 3 month NAV Delta has also been strong in the 35% to 50% range, currently near 45%.

This shows that it is not just generating income but also holding up well on total return.

That said, this is not a safe income ETF. It is a volatility driven strategy. If volatility drops or if sentiment shifts away from defense and space, both the yield and NAV can decline quickly.

My view is that this is a strong tactical hold while the macro environment remains supportive but not something to hold blindly if conditions change.

Curious if others are approaching SPCI the same way or just focusing on the yield without tracking NAV Delta?

Been looking at RS.TO as a small diversifier and the NAV Δ is starting to get interesting.

3M NAV Δ is clearly improving:
-5.50% → -1.67%

TTM NAV Δ still solid around ~10–13%

So short term momentum is turning up while income is still doing the job with 1.51% monthly dividend yield as of 2026-04-21.

But let’s not ignore the bigger picture:
Since Inception NAV Δ still around -32%, it's a classic split corp decay.

This isn’t a safe REIT play, it’s a leveraged income bet on REITs stabilizing.

My take, this looks like a tactical opportunity, not a long-term hold.

If rates stabilize and REIT sentiment rebounds, this can run, If not then this thing can roll over fast. Positioning small and watching 3M NAV Δ closely.

Curious if anyone else is seeing the same early momentum shift or if this is just another fake bounce?

Here’s the dividends I received. My current monthly yield (based on my basis):

USOY 3.68% (cost: $8.82)
GDXY 4.45% (cost: $14.32)

I fully liquidated TLTX because its next dividend is only 1.38% based on my basis, which falls below my 1.5% rule but since the ex-dividend date already passed, I will still receive the final payout.

I sold three quarters of my XLEI position after already receiving the April dividend, as its NAV Δ is starting to lose momentum.

I rebuilt the position targeting 2% or more per month, here's my allocation:

OILK (13%)
Yield: 1.61% per month
TTM NAV Δ: 31.7%
Thesis: oil exposure with a strong macro tailwind

IWMW (13%)
Yield: 1.94% per month
TTM NAV Δ: 1.95%
Thesis: small caps with buywrite income

GDXY (35%)
Yield: 4.14% per month
TTM NAV Δ:  -12.73%
Thesis: high income with gold and miners volatility

SPCI (13%)
Yield: 2.20% per month
SI NAV Δ: 48.84%
Thesis: aggressive income with space and defense exposure

HPYT.TO (13%)
Yield: 1.54% per month
TTM NAV Δ:  -11.88%
Thesis: treasury-based stabilizer

KGHI.TO (13%)
Yield: 2.27% per month (first dividend)
SI NAV Δ: 3.42%
Thesis: gold equity income via Kinross exposure

EGGY - NestYield Dynamic Income ETF is basically a volatile sectors (tech + biotech + energy) + safe collateral + aggressive options overlay.

So you’ve got high-beta names that move a lot (perfect for options), sitting on top of T-bills/cash as collateral and then the fund layers an options strategy to generate income. It’s not really a classic ETF holding stocks long term, it’s more like a yield engine built on volatility. It works well when things are moving, but def not the same risk profile as just holding equities.

Based on its last dividend and market price as of April 17, 2026, its monthly dividend yield is 2.84%, solid!

Here's the NAV Delta metrics I accumulated for EGGY**:**

TTM

- 2026-04-10: -4.80% | Tier 1 ideal/sustainable

- 2026-04-13: -0.44% | Tier 1 ideal/sustainable

- 2026-04-15: -0.44% | Tier 1 ideal/sustainable

- 2026-04-16: 3.82% | positive NAV growth

- 2026-04-17: 5.50% | positive NAV growth

3M

- 2026-04-10: -10.60% | Tier 3 danger

- 2026-04-13: -9.38% | Tier 2 acceptable/tactical

- 2026-04-15: -9.38% | Tier 2 acceptable/tactical

- 2026-04-16: -1.45% | Tier 1 ideal/sustainable

- 2026-04-17: -1.16% | Tier 1 ideal/sustainable

SI

- 2026-04-10: -19.38% | Tier 3 danger

- 2026-04-13: -17.94% | Tier 3 danger

- 2026-04-15: -17.94% | Tier 3 danger

- 2026-04-16: -11.98% | Tier 3 danger

- 2026-04-17: -11.99% | Tier 3 danger

TTM has improved from mildly negative to clearly positive from -4.80% to +5.50%. Its 3M improved sharply from -10.60% to -1.16%. Its SI is still bad around -12% to -19%, which stays in my Tier 3 danger zone.

It’s one of the funds I keep on my list for reinvestment or rebalancing, so I can maintain exposure if the macro narrative shifts because of developments involving the strait of Hormuz.

Alright, I reached my monthly dividend reinvestment target of CAD 3,800 so the remaining dividends I’ll receive in April will be withdrawn.

I received dividends from these funds, here’s my monthly dividend yield and my basis cost:

• GPTY – YieldMax AI & Tech Portfolio Option Income ETF → 2.96% | $41.49
• SDTY – YieldMax S&P 500 0DTE Covered Call Strategy ETF → 2.51% | $44.67
• CHPY – YieldMax Semiconductor Portfolio Option Income ETF → 3.85% | $55.90
• YMAX – YieldMax Universe Fund of Option Income ETFs → 4.41% | $8.36

Today, with Iran agreeing to reopen the Strait of Hormuz, the macro narrative shifted from acute supply-shock risk toward tentative stabilization, especially in oil, inflation expectations and risk assets.

I decided to reinvest in these funds with this allocation to target 2%+ per month after withholding taxes (non-resident):

Allocation & Metrics

Ponderation: 15%

• OILK – ProShares K-1 Free Crude Oil ETF
• Monthly dividend: 1.69% (based on last dividend, 2026-04-17)
• TTM NAV Δ: 42.29% (2026-04-17)

Ponderation: 15%

• XQQI – NEOS Boosted Nasdaq-100 High Income ETF
• Monthly dividend: 1.57% (based on last dividend, 2026-04-17)
• 3M NAV Δ: -1.79% (2026-04-17)

Ponderation: 35%

• SPCI – Tuttle Capital Space Industry Income Blast ETF
• Monthly dividend: 2.12% (based on last dividend, 2026-04-17)
• SI NAV Δ: 51.52% (2026-04-17)

Ponderation: 35%

• CHPY – YieldMax Semiconductor Portfolio Option Income ETF
• Monthly dividend: 3.29% (based on last dividend, 2026-04-17)
• TTM NAV Δ: 39.05% (2026-04-17)

Sold ORC & MAGY, here’s why

ORC – Orchid Island Capital, Inc.

Exited my full position because:

• Macro is trash for mREITs right now
• Dividend got cut → $0.12 → $0.10
• My yield on cost dropped to ~1.29% → below my 1.5% rule

Confirmed dividend:

• $0.10 monthly
• Pay date: May 28, 2026
• Record / Ex-div: April 30, 2026
• Source: SEC 8-K + IR release (Apr 15)

Bottom line:
Lower income + bad macro = no point holding ORC.

MAGY – Roundhill Magnificent Seven Covered Call ETF

This one is more of a quality issue. Market has been decent but NAV keeps bleeding anyway so it's a red flag. If a fund can’t perform when conditions are favorable, it’s not gonna magically fix itself.

MAGY NAV Δ trend (still ugly)

SI NAV Δ

• Apr 10: -13.13%
• Apr 13: -13.66%
• Apr 15: -13.66%
• Apr 16: -12.12%

3M NAV Δ

• Apr 10: -13.31%
• Apr 13: -13.84%
• Apr 15: -13.84%
• Apr 16: -11.16%

TTM NAV Δ

• Apr 10: -13.13%
• Apr 13: -13.66%
• Apr 15: -13.66%
• Apr 16: -12.12%

Yeah, small bounce but still negative across the board, no real momentum shift.

Dividends received

• DGS → 1.50% @ $7.65
• RS.TO → 1.53% @ $9.75

(I adjust Canadian yields +15% for tax comparision vs US)

Reallocation (target >2% monthly income)

Went into higher quality income plays with positive NAV Δ and good momentum.

CHPY – YieldMax Semiconductor Portfolio

• Allocation: 22.5%
• Yield: 3.37% / month
• TTM NAV Δ: +32.79%

USOI – UBS Crude Oil Covered Call ETN

• Allocation: 22.5%
• Yield: 2.19% / month
• TTM NAV Δ: +6.38%

XLEI – Energy Premium Income ETF

• Allocation: 22.5%
• Yield: 2.09% / month
• SI NAV Δ: +2.91%

FEPI – FANG Innovation Income ETF

• Allocation: 22.5%
• Yield: 2.01% / month
• TTM NAV Δ: +6.24%

RS.TO – Real Estate Split

• Allocation: 10%
• Yield: ~1.5% / month
• TTM NAV Δ: +9.59%

Final take, I stick to my system, if yield drops below 1.5% or NAV Δ is negative with no momentum, I’m out and I rotate into funds with positive NAV Δ and strong 3M trends. No emotions, just data even if it hurts a bit