The Harvest Report

September 2025

15 funds paid in September 2025. 11 raised their payouts, 2 cut and 1 held steady versus August. Across the funds that publish a breakdown, an average of 68% of each payout was return of capital.

Biggest raise

IAUI +6.3%

Gold High Income ETF

Biggest cut

BTCI −5.3%

Bitcoin High Income ETF

Most return of capital

NIHI 100%

MSCI EAFE High Income ETF

FundPaidPer sharevs. priorReturn of capital
BNDINEOS Enhanced Income Aggregate Bond ETF Sep 26 $0.2293 +1.2% 71%*
BTCIBitcoin High Income ETF Sep 26 $1.3401 −5.3% 44%
CSHINEOS Enhanced Income Cash Alternative ETF Sep 26 $0.2120 0.0% 4%
GPIQGoldman Sachs Nasdaq-100 Premium Income ETF Sep 8 $0.4430 +0.2% 96%*
GPIXGoldman Sachs S&P 500 Premium Income ETF Sep 8 $0.3615 +0.9% 90%*
HYBIEnhanced Income Credit Select ETF Sep 26 $0.3577 +1.0% 16%
IAUIGold High Income ETF Sep 26 $0.5434 +6.3% 90%*
IWMINEOS Russell 2000 High Income ETF Sep 26 $0.5868 +4.5% 82%
IYRIReal Estate High Income ETF Sep 26 $0.4641 +1.5% 22%
NIHIMSCI EAFE High Income ETF Sep 26 $0.3799 — 100%*
QQQHNasdaq-100 Hedged Equity Income ETF Sep 26 $0.4105 −2.2% 100%
QQQINasdaq-100 High Income ETF Sep 26 $0.6411 +2.0% 100%
SPYHS&P 500 Hedged Equity Income ETF Sep 26 $0.3570 +2.1% 95%*
SPYINEOS S&P 500 High Income ETF Sep 26 $0.5270 +1.8% 95%
TLTIEnhanced Income 20+ Year Treasury Bond ETF Sep 26 $0.2489 +0.9% 10%

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.

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