r/YieldCanary

These are the only three NEOS funds currently sitting above 12% true income yield. All Healthy, all carrying the Tax-Efficient ROC badge.

Average true income yield = 13.96%

IWMI -- 14.51% true income yield | 31.11% take-home cash return | $956M AUM | 0.76% expense ratio

QQQI -- 14.55% true income yield | 20.38% take-home cash return | $12.7B AUM | 0.68% expense ratio

SPYI -- 12.81% true income yield | 15.47% take-home cash return | $10.3B AUM | 0.68% expense ratio

A few things stand out.

QQQI is the largest of the three by AUM at $12.7B, with SPYI close behind at $10.3B. Both carry the lowest expense ratio of the group at 0.68%. IWMI is the smallest fund here by far at $956M but posted the strongest take-home cash return at 31.11%. Russell 2000 has had a strong year so far.

All three are monthly payers with true income yield comfortably above 12% and zero signs of NAV erosion -- death clock shows N/A across the board.

If you're building an income portfolio around weekly distributions, the obvious question is which ones are actually worth owning. Not just the ones paying the biggest number, but the ones that are healthy and putting real cash in your pocket every week.

I pulled the weekly payers from YieldCanary this week, filtered for healthy only, and sorted by monthly spendable cash yield at a 25% tax rate. Here's what came back:

AMDY is the standout

64.77% true income yield, healthy status, and 4.96% monthly spendable cash yield. That's nearly 5% of your invested capital hitting your account every single month in real after-tax cash. Yes it has 47.66% ROC but it carries the Tax-Efficient ROC badge, meaning the ROC is a deliberate tax deferral strategy, not the fund slowly eating itself. The distributions are real.

TSMY and GOOY are solid

TSMY at 4.02% monthly spendable and GOOY at 2.97% are both healthy with manageable ROC percentages. CHPY stands out on this list because it has zero ROC: every dollar it pays you is real earned income. 2.54% monthly spendable isn't the highest on the list but the cleanliness of zero ROC is hard to argue with.

The Roundhill WeeklyPay funds deserve more attention

GLDW, NVDW, and TOPW don't get talked about nearly as much as the YieldMax funds but they keep showing up on these lists. NVDW has only 10% ROC and 2.31% monthly spendable cash yield which is pretty clean for a weekly payer with NVDA exposure. TOPW at 4.84% ROC is basically zero.

What monthly spendable cash yield actually means

This is the number I find most useful for income planning. It takes what the fund actually paid last month, applies your tax rate, and divides by the current price. So if you have $50,000 in AMDY you're looking at roughly $2,480 in spendable after-tax cash per month. That's the number that matters if you're trying to cover bills or replace income.

Drop your tickers in the comments and I'll run them through the data.

One fund per issuer -- the highest true income yield pick from each major income ETF family right now. Average true income yield across this group is 23.56%.

YieldMax (AMDY) -- 64.04% true income yield

Roundhill (AVGW) -- 42.08% true income yield

Defiance (JEPY) -- 29.16% true income yield

NestYield (EGGY) -- 24.53% true income yield

Simplify (SVOL) -- 21.87% true income yield

Kurv (AMZP) -- 19.98% true income yield

Amplify (SLJY) -- 17.90% true income yield | 0% ROC

NEOS (QQQI) -- 14.55% true income yield

TappAlpha (TSPY) -- 13.84% true income yield

Global X (XRMI) -- 13.59% true income yield

Pimco (PDO) -- 11.83% true income yield

Goldman Sachs (GPIQ) -- 9.32% true income yield | 0% ROC

Most of these carry the Tax-Efficient ROC badge -- meaning the high ROC% isn't NAV erosion, it's a tax-structured outcome from index options and active tax-loss harvesting. SLJY and GPIQ are the exceptions with zero ROC entirely.

What's the best fund from your favorite issuer?

These are the funds with the highest advertised yields right now. Advertised yield is based on the most recent payout annualized -- it's the number that most fund issuers show on their websites.

True Income Yield is what's left after stripping out return of capital -- the actual earned income.

ETCO -- 148.19% advertised / 0.00% true income yield

CRCO -- 117.28% advertised / 0.00% true income yield

BTCC -- 109.06% advertised / 0.00% true income yield

AMDY -- 106.21% advertised / 55.61% true income yield

AMDY is the only fund on this list generating meaningful real income. 55.61% true income yield with the Tax-Efficient ROC badge. Everything else is essentially paying you your own money back.

But either way, this is still a fun list to look at!

Are you holding any of these right now?