The Harvest Report

May 2025

13 funds paid in May 2025. 11 raised their payouts and 2 cut versus April. Across the funds that publish a breakdown, an average of 66% of each payout was return of capital.

Biggest raise

SPYH +30.6%

S&P 500 Hedged Equity Income ETF

Biggest cut

GPIX −1.2%

Goldman Sachs S&P 500 Premium Income ETF

Most return of capital

QQQI 99%

Nasdaq-100 High Income ETF

FundPaidPer sharevs. priorReturn of capital
BNDINEOS Enhanced Income Aggregate Bond ETF May 23 $0.2190 +1.3% 51%
BTCIBitcoin High Income ETF May 23 $1.5145 +20.3% 92%
CSHINEOS Enhanced Income Cash Alternative ETF May 23 $0.2143 +3.0% 10%
GPIQGoldman Sachs Nasdaq-100 Premium Income ETF May 7 $0.3883 +0.7% 61%*
GPIXGoldman Sachs S&P 500 Premium Income ETF May 7 $0.3229 −1.2% 71%*
HYBIEnhanced Income Credit Select ETF May 23 $0.3503 +9.4% 44%
IWMINEOS Russell 2000 High Income ETF May 23 $0.5534 +11.1% 70%
IYRIReal Estate High Income ETF May 23 $0.4817 −0.1% 39%
QQQHNasdaq-100 Hedged Equity Income ETF May 23 $0.4112 +19.4% 99%
QQQINasdaq-100 High Income ETF May 23 $0.6374 +20.1% 99%
SPYHS&P 500 Hedged Equity Income ETF May 23 $0.3343 +30.6% 93%
SPYINEOS S&P 500 High Income ETF May 23 $0.5063 +9.7% 94%
TLTIEnhanced Income 20+ Year Treasury Bond ETF May 23 $0.2378 +4.5% 39%

Per-share totals paid during the month; “vs. prior” compares with the previous month’s total. * Estimated from the fund’s 19a-1 notice; final figures come from Form 8937 after the tax year. Data updated Sep 29, 2026, 3:56 AM ET. Not investment or tax advice.

Archive